Every crypto trader knows well – you need to have all the facts before making important trading decisions. DYOR is a famous acronym in the world of crypto – it stands for do your own research, and every trader, experienced or not, should follow it.
Nevertheless, not every crypto exchange has adequate analytics tools, hence users have to find insights elsewhere. Furthermore, the general performance of a cryptocurrency can vary depending on the exchange you’re using.
That’s why this article will go through the 5 best crypto exchanges, both centralized and decentralized, to help you find the ones with the best analytics modules.
Coinbase is a big name in the crypto industry – one of its most famous centralized exchanges. As such, Coinbase in a way has a responsibility to educate its users, especially since it’s the first choice for many crypto newcomers.
That’s how Coinbase Prime came to life – an integrated solution for crypto trading rich in analytics and additional features for portfolio management. Coinbase prime analytics offer real-time and historical cryptocurrency market data, spot and derivatives data, traded assets data, and your own customized analytics dashboard.
Binance is another crypto giant, also a centralized exchange. This exchange chose a slightly different approach – while its platform’s analytics are good, Binance has a whole research section on its website, rich with insightful blogs and trading guides.
The analytic module on the exchange is good but not the best in the world, and these additional insightful guides are truly rich in content – infographics, tables, historical data, comparison tools, etc. Reading these data guides will certainly help you grasp the bigger picture of cryptocurrencies.
While a lot of people still rather opt for centralized exchanges, new-generation DEXs certainly bring revolutionary ideas to the table. Dexvers is a decentralized crypto exchange enriched with many innovative features and one of them is Advanced Analytics.
While Dexvers analytics is top-notch, it’s free for all exchange users, and even has a step-by-step Swapping Wizzard feature for newcomers. Apart from current and historical performance data, pools performance, and gainers and losers section, Dexvers offers a custom-made dashboard, based on your preferences. You can add concrete pairings, pools, and an in-depth breakdown of everything that’s going on on the exchange.
Here’s another decentralized exchange, SushiSwap, and it’s also well-equipped with data. SushiSwap analytics offers everything you should know about pairings’ performance, listed tokens, and existing liquidity pools.
While it’s rich in content, SushiSwap analytics can be confusing to someone new in crypto, so trading on this DEX is more suited to experienced traders. Nonetheless, you will find most of the information you need for a successful trade here, without seeking additional crypto analytics tools.
KuCoin is another crypto exchange with a high adoption rate, and for a good reason. This platform offers a vast spectrum of features, and itself is something of a hybrid of a centralized and decentralized exchange.
KuCoin is rich in analytics, and similarly to Binance, has a great crypto library to educate its users on trending topics and help them make a smooth transition to decentralized finance. While offering the best from both worlds, KuCoin can be confusing to beginners, but it’s still a good exchange for those who already are deeply into crypto.
Choosing your go-to crypto exchange requires taking into account many different factors. Analytics features are certainly one of the most important things – you want to use an exchange that has everything you need right there on the platform.
Of course, you should also take into consideration security, fees, and general user experience.
Centralized exchanges are great for your first crypto transactions, you can easily connect your credit card and start purchasing. Decentralized exchanges, however, offer a unique peer-to-peer trading experience without intermediaries.
What you opt for is absolutely your choice, just always remember to DYOR!