Cryptowat.ch Review

Cryptowat.ch Review 2024: Mastering Real-Time Data and Tools

TLDR

This review will show what CryptoWat.ch has for its users, from its benefits to potential drawbacks, and what improvements can be made.

CryptoWat.ch is a Kraken-based charting & trading terminal. It provides real-time data and insights into cryptocurrency markets. Also, it offers over 20 cryptocurrency exchanges for traders. It suits anyone interested in cryptocurrency exchanges, whether a beginner or an expert.

The platform provides advanced charting tools, portfolio management, correlations, and many features. It’s visual trading, and technical analysis allows traders to place trades without switching pages and have an easier overview of their preferred trading pairs. This tool is a huge time saver.

Who Should Use CryptoWat.ch?

Useful for all types Of Traders

CryptoWat.ch is useful for traders, investors, analysts, companies, or those who want the latest market update. It provides many trading tools, real-time data, and customizable features. This will help users to manage their crypto exchanges easier.

14-day trials for Cryptofinance

Moreover, CryptoWat.ch also offers a 14-day free trial for Cryptofinance. Cryptofinance gives traders historical and real-time data across 30+ exchanges and 10,000+ markets.

Traders can manage their trading history and view trading performance without manually inserting it into Excel sheets, saving time and reducing mistakes. This is a recommendation for those who want to improve their trading performance.

Drawbacks

However, in this review, we noted that despite these advanced features, CryptoWat.ch has potential drawbacks for some traders.

As an illustration, certain software features are exclusively available in paid versions. As a result, traders must make payments before using the desired capabilities, which could pose difficulties if they have limited finances. Furthermore, novice users may need time and energy to become familiar with the functions.

CryptoWat.ch Review: Features

Real-Time Data

CryptoWat.ch provides real-time data, including prices, volumes, order books, etc. It also provides real-time price alerts for over 10,000 crypto markets, which notify users when the market price reaches a certain threshold. Thus, users will never miss out on a trading opportunity.

This is great for users who want the latest market movements and to make the best trading decisions.

Visual Trading

Visual trading allows users to execute trades directly from the charting interface, meaning that users can analyze the market using charting tools and technical indicators before placing trades. During this whole process, traders are not required to leave the platform.

This is useful for those who use technical analysis to make trading decisions, as it allows them to place trades quickly. It is also convenient for traders since they don’t have to navigate between multiple platforms.

Technical Analysis

Technical analysis is a feature that CryptoWat.ch provides for users. It has many tools and techniques to analyze the crypto market and trends and forecast future price movements. Moreover, users can customize their charts, indicators, and overlays to identify patterns more easily.

Custom Theme

To let traders be comfortable with its platform, CryptoWat.ch allows them to choose the theme based on their preferences. Traders can customize the platform from a range of color schemes, which also include light mode and dark mode settings. This benefits those who want to make their crypto platform more appealing.

Another good thing about it is that it can reduce eye strain and improve readability for those who have used the platform for quite some time. By selecting an easy color on the chart for the eyes, traders can optimize its readability and minimize distractions.

Portfolio

CryptoWat.ch offers portfolio management to overview the user’s cryptocurrency holdings. It allows users to track and monitor their cryptocurrency performance across multiple exchanges. Moreover, they can add exchange accounts to the portfolio, as CryptoWat.ch will sync and update the balances and transaction history.

Cryptofinance

This feature accesses real-time and historical cryptocurrency market cap through a simple API. The API provides a wide range of data, including prices, trade volumes, order books, price charts, etc.

It is available to download on Excel, Airtable, and Google Sheets. Cryptofinance keeps track of your portfolio to view markets and exchange performance.

Converter

CryptoWat.ch provides a converter that allows traders to convert prices between fiat currencies or cryptocurrencies. It supports many cryptocurrency exchanges:

• Bitcoin
• Ethereum
• OKx
• Binance

It also supports fiat currencies like USD, EUR, JPY, etc.

This feature is useful for those who frequently transact in multiple currencies. For example, it reduces the complexity of manually converting between different currencies.

Correlations Matrix

Correlations allow traders to analyze between two different cryptocurrency exchanges and other assets. It calculates different pairs based on historical price and volume movements. Then, it shows the result easily understandable for traders to read.

This feature is perfect for those who want to diversify their portfolios and reduce exposure. If the assets have a low correlation, traders can create an evenly balanced asset or portfolio that won’t be affected by market fluctuations.

Cryptowat.ch Review: Pricing

CryptoWat.ch has different plans for both its platform and crypto finance. There are three types of subscriptions:

• The free version
• The analyst version
• The trader version.

The analyst version costs $35 monthly, while the trader version costs $125. The only difference between these two is the number of active boards and modules per board that it contains.

For Cryptofinance, the platform also offers two different plans for traders:

• The standard plan costs $25 per month.
• The derivative plan costs $35 per month.

Anyone interested in this plan can test it out by using the 14-day free trial it provides. All you have to do is create an account, and it will automatically claim the free trial.

How To Open A CryptoWat.ch Account?

Follow this easy step-by-step guide to open a CryptoWat.ch account.

Step 1: Visit CryptoWat.ch Website

First, you need to visit the CryptoWat.ch website.

Step 2: Create An Account

Once at the homepage, click the [Create Dashboard] at the bottom.

Step 3: Complete Registration

After clicking it, you will be transferred to the sign-up page. Enter your e-mail address and password. Then, check the Terms and Conditions box.

After that, click the [Create Account] at the bottom.

Step 4: Verification

Once you have filled in the details and clicked the button, CryptoWat.ch will send you a verification link to your e-mail.

Then, go to your inbox. To activate your account, click the [Verify Email] button. After that, you will be transferred back to CryptoWat.ch.

Congratulations, you are all set! Now, you can start to manage your cryptocurrency account.

Potential Drawbacks

Learning Curve

CryptoWat.ch can be quite complex for beginners and those new to cryptocurrency markets. Thus, it may take some time for them to learn how to navigate the platform and use its tools effectively.

Cost

Although it has many benefits and features, it doesn’t support traders as much as the paid version with its advanced features. Some new traders will hesitate to pay a monthly subscription fee as it will be a huge expense.

Customer Support

Some traders claimed to have slow responses from customer support or may not be able to receive satisfactory solutions.

Improvements

Although CryptoWat.ch is already a good platform, there is room for improvement.

First, supporting more exchanges will help provide more trading opportunities for traders. This will improve user experience and increase the platform’s user base.

Next, CryptoWat.ch can improve its customer service. It can enhance its response time and have a more comprehensive solution to user issues. It is also better to have a live chat support team.

Lastly, CryptoWat.ch can improve its mobile app’s user experience and stability. Doing this will benefit traders who prefer to trade on their mobile devices. Plus, it is more convenient.

Conclusion

CryptoWat.ch is a great trading terminal for traders. It provides real-time data, portfolio management, visual trading, technical analysis, and more. Moreover, it allows traders to customize its screen layout, making it easier for other traders to view.

However, traders must pay a monthly subscription fee to use its advanced features. Also, it might be hard for some new traders to get used to its layout and tools initially.

Still, most of CryptoWat.ch’s reviews are generally positive. If you want to learn more about it, try the free version yourself. You can also ask for help in customer services or live chat if you encounter any issues.