With lots of rumbling and uncertainty rocking the crypto market, there’s no better time to get the help of a crypto market scanner than now. But if you’re a rookie, the first few months of buying and selling cryptos on an exchange can be a struggle. You must manually analyze price movements and sacrifice a lot of time understanding markets.
Fortunately, you no longer have to risk your hard-earned money by trying out your luck into the crypto trading industry. A crypto market scanner can help spot activity and movement across crypto exchanges. Learn more about crypto scanners with our guide.
Best Crypto Scanners Right Now
It’s now easier than ever to incorporate crypto scanners in your strategy and make informed trading decisions. Here are some of Benzinga’s favorite crypto scanners.
Best for Charting Tools: TradingView
Powerful enough for advanced traders and intuitive for beginners, TradingView boasts stellar charting tools you can use to share and view trading ideas. Its real-time data and browser-based charts allow you to do your research from anywhere — no complex installations or setups are needed. From looking up the latest prices to analyzing complex price patterns, TradingView has got your back.
The platform comes with hundreds of pre-built studies, more than 50 intelligent drawing tools and a handful of tools for in-depth market analysis. Trading alerts couldn’t get any more flexible, powerful and easy to use. Cloud-based, available on any device and powered by Pine Script programming language, you’ll never miss a trade.
The TradingView platform is also reliably connected to hundreds of data feeds with unfiltered access to Bitcoin and other cryptocurrencies. Add professional news and financial data to the mix and you have a behemoth of coverage not available on any other platform.
Best for Simple Platform: Altrady
Altrady saves you much time with a simplified platform that not only lets you screen digital assets but also trade them on all exchanges. You’ll never miss a trade all thanks to the platform’s real-time market data that provides real time updates of prices, trades and order book.
To minimize your risk, Altrady also provides trading analytics to provide insight on your crypto trading performance and help you make better trading decisions. This all-in-one platform lets you trade, monitor markets and manage assets across various exchanges. You can also use Altrady’s portfolio manager to monitor the growth of assets you hold in different exchange wallets.
Altrady’s base scanning tool makes finding profitable entry points in the crypto market easier. Its unique algorithms will do spot any price drops below the base 24/7. Just wait for alerts to pop out of your desktop or mobile screen so you can buy at a low price or sell at the right time.
Altrady offers a no obligation, 14-day free trial subscription, after which you can enroll into any of its 3 plans: its Basic plan at $17.64 per month, the Essential plan at $35.34 per month and a Premium plan at $53.04 per month.
Best for Experienced Traders: Cryptolume
Cryptolume is an advanced crypto scanner designed to save experienced traders hours they’d have otherwise spent reading forums and analyzing charts. This ruthless tool gives you a bird’s eye view of an entire exchange, the supported pairs and major time frames all on a single page. Timeframes as low as 5 minutes will give you information on volume and price faster than ever before.
Cryptolume produces 1,000 algorithmic alerts every 5 minutes for over 8 exchanges — designed to catch any volume or price increases. You’ll also receive alerts on trading indicators like RSI Oversold, MACD Crossovers, and more.
The exchange volume analyzer lets you select as many cryptocurrencies as you want and analyze their volume over time. Use Cryptolume’s sentiment analysis tool to see where the hype is currently for your preferred coin.
Cryptolume will also send alerts to both its desktop/mobile and web platforms when a new crypto asset enters a given exchange.
Best for Multiple Scanning Capabilities: CryptoView
CryptoView’s multiple scanning capabilities are backed by its ability to collect real-time data from the largest trading platforms of all crypto markets. Its scanners can detect the best opportunities based on volume, price, RSI variations or Order Book.
Start with its crypto RSI scanner that scouts the global digital currency economy to identify opportunities of overbuys or oversells. You can filter and sort your scan by period, exchange and 24-hour volume.
Use the crypto price scanner to find markets whose prices are just beginning to rise, while the trade history scanner detects market opportunities by scanning changes in buy and sell volumes.
Download your scan selection output in CSV, and add it to your trading bot’s blacklist or whitelist.
Best for Filters: Crypto Alerts
Cryptoalerts delivers the best scan results from 50+ crypto exchanges all thanks to the wide range of filters you can use to identify opportunities. You can filter your searches by performance, price action, most active, volume surgers, new highs, technical indicators and more. After selecting a filter, you’ll receive multiple graphs of trading pairs that satisfy your filtering conditions.
Filters are complemented by an alerts functionality — you’ll be notified instantly when there are any new changes in the market. You can also set customizable alerts like heavily oversold, price target alerts, new weekly high and more. Cryptoalerts avails all these features for free.
What is a Crypto Scanner?
A crypto scanner is a tool you can use to spot activities and track the movement of various crypto assets. Traders can then use these movements as signals to execute different trade orders, which increases your odds of reaping profits. While price and volume are the most basic components to track, crypto scanners will also let you track overbuys and oversells, trade histories and more.
Most crypto scanners also incorporate an alerts functionality that notifies you of any market changing movements as they occur.
Crypto Scanner vs Crypto Screener
The terms crypto scanner and crypto screener are often used interchangeably but don’t always mean the same thing. A crypto scanner is a tool traders use to spot and track activities on exchanges regarding one or multiple crypto assets and provide an alert on the same. A crypto screener lets you filter crypto assets based on user-defined metrics with the goal of finding the best trading opportunities.
Despite the difference, both a crypto scanner and crypto screener can help take the guesswork out of your trading.
Pros and Cons of Crypto Scanners
Crypto scanners can be a great addition to your trading strategy, but you must weigh the pros against the cons to decide if they are a perfect fit for your needs.
|Minimizes emotional trading||Random mishaps like downtime can occur|
|Real-time market data and price alerts||Platforms may be sophisticated for beginners|
|Improves market entry positions||Not all options are free|
|Preserves your trading discipline|
How Does a Crypto Scanner Work?
With over 4,000 cryptocurrencies currently available across hundreds of exchanges, it would be almost impossible to catch a coin that’s moving without the right arsenal. Crypto scanners work by quickly looking through crypto exchanges for moving indicators like volume, price and technical indicators like RSI.
With a crypto scanner, you can:
- Identify where there’s the largest price and volume % change on all timeframes
- See all RSI overbought/oversold cryptocurrencies
- See where MACD crossovers are taking place on various timeframes
Obviously, this is already a great way to save time. You can also set alerts to receive notifications for changes in a specific indicator you’re observing.
Types of Alerts on Crypto Trades
Crypto alerts help you identify the right time to purchase or sell crypto assets. They notify you of price actions, technical conditions or economic results that might impact the value of a crypto asset.
Common types of alerts on crypto trades include:
- Price alerts will notify you when an asset or the larger market moves by a certain percentage.
- Technical indicator alerts will notify you when specific parameters of the technical indicators are met, such as relative strength index (RSI) oversold or overbought.
- Economic result alerts send a notification when there are upcoming economic events or news that can trigger a movement in the crypto market, such as investor purchases or interest rate announcements.
Are Crypto Scanners the Real Deal?
Crypto scanners can help take the guesswork out of cryptos, eliminate emotional trading and improve your odds through market real-time data and alerts. Scanning hundreds of exchanges for a hint of movement can be a pain, but crypto scanners can improve your effectiveness in catching movements.
Even so, scanners are just one of the many pieces you must put together to succeed in the cryptocurrency trading puzzle. Always be relentless in identifying tools and opportunities that will give you an edge over the overall market.
Frequently Asked Questions
Q. Are the free versions of Crypto Scanners available?
Yes. You can access multiple crypto scanners without committing to a subscription plan. Unfortunately, this may come at the expense of limited features
Q. Do crypto scanners support ETH/USDT pairs?
Most crypto scanners support ETH/USDT pairs. For instance, Cryptolume supports ETH/USDT pairs for Binance, Binance-US and Coinbase.
Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface. Gemini Crypto Platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with Gemini now.