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7 Reasons You Need To Use A Crypto Alert App For Trading

Whether you’re a novice or an advanced trader, a cryptocurrency alert app can help you manage your portfolio. It gives real-time alerts, live crypto conversion, coin updates, and so much more. Here are the benefits of using a crypto alert app.

Gives accurate cryptocurrency alerts

A crypto app notifies you when the price of a coin goes below or above the selected price. Since the market is always on the move, it’s possible to see a coin gain more than 50% of its value. The app will ensure you get real-time data to help you execute the trades professionally. When you get minute-by-minute information, you won’t use outdated info to make your investment decisions. And, you can choose the way you want to receive data such as slack bots, telegram, or discord.

Still, you get informed whether you’re making a profit or a loss. While some apps give alerts based on price changes, some are more powerful. They give advanced options like volume increase/decrease, trading spikes, and percentage increase and decrease. In percent price alert, you get notifications once the price reaches a certain percentage. For instance, you can set an alert to receive an email once Bitcoin goes up by a certain percentage in 5 minutes. The same applies if a coin reaches all-time high/low within 24 hours, 1 week, or 14 days. Other than that, you can receive an alert once a new coin is listed in the exchange.

With an excellent trading strategy, you can make money even when you execute a few trades. A good crypto app should provide signals frequently to suit the different time frames. Another benefit is that even if you lose one signal, you don’t have to wait for too long to get another one.

You can follow crypto news

Cryptocurrency exchanges are open 24/7, so you must keep tabs with the current information. A crypto app will help you keep an eye on the main coins (Bitcoin and Ethereum) and other small coins. Depending on the settings, you can set the specific category of news – high, medium, or low impact. Also, you can filter the cryptocurrency alerts such as exchange new listing, upcoming events, general news, software releases, milestones reached, etc. Some apps have an embedded Twitter widget that displays any news related to crypto. Of course, you can read about the trend before you make your decision.

It’s worth mentioning that you can get updates from the crypto teams. This ensures that you receive curated signals from the leadership teams by cutting through the cryptocurrency space. The basic idea of trading cryptocurrencies is to generate consistent profits. With expert analysts who understand the market, you can be sure you’ll get consistent profit.

Supports thousands of cryptocurrencies

You can track your crypto coins and view your portfolio in fiat currencies. And to define your favorite assets, you can set a priority list. Apart from that, you’ll get a detailed view of the cryptocurrency with add widgets, set price alerts, and more. When you have many cryptocurrencies at your disposal, you can diversify your investment. Keep in mind that you can add or remove cryptocurrencies from the tracking list. It’s easy to work around these two options.

Safe and secure

Most cryptocurrency apps use two-factor authentication to ensure your coins are as safe as possible. Due to the centralized nature of blockchain, the market is perfect for scammers, hackers, and criminals. What’s more, you can use the hide balances feature for additional privacy. With wallet theft alerts, you can easily know when someone is stealing funds from your wallet. You may want to receive notifications when there’s an increase or decrease in the value of your wallet.

Flexibility

You can monitor all the changes in the market based on your preferences. For those who have blown their trading accounts by watching the market hit the stop loss, the app will alert you once your target is reached. But to get the alerts, you have to keep your mobile data on. Besides that, you can get push notifications where cryptocurrency alerts are dumped into your mobile device via SMS.

If a trailing alert notifies you to buy/sell a coin and then it goes against you, it adjusts to the current market price. This gives a trader the flexibility to limit the loss and maximize profit. Generally, the next stop level will be expressed on a percentage of the coin’s price or fixed dollar amount. You can also use a trailing stop for short positions by placing the price above the current market rate.

Final thoughts

There’re hundreds of crypto apps to help you keep tabs on your investment. If you don’t know where to start, you can use a trial-and-error approach to grasp the benefits of the app.

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