They say a good workman never blames their tools, and it's true — but great tools will make you more efficient. The services below will help you better interact with the crypto world as the great investor you can be.
Quick look 👀 – 5 Essential tools for crypto investors:
- Best Market analysis tool: Messari
- Best Portfolio Tracker: Zapper.fi and CoinStats
- Best Crypto Tax tool: Koinly
- Best Hardware Wallet: Nano Ledger X
- Best Weekly Summary: The Newsletter
Market Analysis: Messari 📝
Information is an investor's best friend, but we don't all have the time (or expertise) to uncover high-level, actionable information. That's where Messari came in; they give us the edge over the market with hedge-fund-level research and data analysis.
It's a paid service, but to be honest, the fewer people who know about this, the better.
Portfolio Tracker: Zapper.fi and CoinStats 💼
How much are you up (or down) this week? Do you know the current value of all your assets? If you're still opening multiple tabs and wallets to see the state of your investments, then you're doing it wrong!
Portfolio trackers help you keep a good overview of your assets, expose weak links, and gloat about your exact gains.
I use Zapper.fi for everything decentralized, including wallets, deposits in staking pools, borrowing, lending balances, and NFTs.
And CoinStats for everything else: Coinbase and Binance accounts.
Smarter Taxes: Koinly 🏛
Don't pay more tax than your should! Filing with HMRC and the IRS is complex, but Koinly makes it easier and may even save you money.
Koinly will import your wallets, load all your transactions and automatically generate your tax reports. Awesome. The system cleverly marks GAS as an expense, calculates your realized gains, and handles staking rewards and airdrops...
It works will all major wallets and exchanges. There's no doubt that you will need Koinly if you invest in crypto.
Asset Storage: Nano Ledger X
When you leave the warm safety of centralized exchanges to explore the vast landscape of decentralized opportunities, you will have to take custody of your own assets.
Hardware wallets are a necessity if you have significant value on-chain. It's hard to keep your tokens secure when managing your own wallet on your computer or phone. Opening one wrong link can lead to you losing your beloved coins.
Ledger
The Nano Ledger X is my favourite of all the hardware wallets. It supports Bluetooth, so you can quickly connect it to your mobile to make transactions on the go.
Weekly Crypto Summary: The Newsletter
Concise a weekly summary of the great articles, interesting opinions, and most valuable guides for crypto enthusiasts.
Kass
Also each week for the next 5 weeks one of our email subscribers will be selected to win $50 worth of Bitcoin.
