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With the number of cryptocurrencies
increasing at every dawn, cryptocurrency enthusiasts need a place to stay
track of prices and how one crypt compares with one another. Provides Coinranking
such skills and more.
Although the platform is not
listed as the leading cryptocurrency tracking platform, provides
non-existent features on other coin tracking sites.
Below, we will provide a detailed introduction to Coinranking, in which we will examine its strengths and weaknesses.
What is Coinranking?
Before deepening Coinranking, an overview of what the platform will help us understand what we will discuss. In a nutshell, Coinranking provides cryptocurrency and capitalization prices at a glance whether you are using a cell phone, a computer or a tablet, the platform will ensure monitoring of prices of Bitcoin, Ethereum, IOTA, Stellar, Tether, Litecoin, Bitcoin Cash, Ontology, Tezos, Dogecoin, VeChain and many others.
One of the strengths of the coin detection platform is that it updates the
coin prices every sixty seconds to help you make a decision based on
data almost in real time.
In this era where the cellphone
the phone is becoming the defacto device to access the Internet, the Coinranking
the website is responsive. This ensures that the viewing experience does not depreciate
if you are accessing the platform from your computer's browser or a browser
on your phone.
Greater coinranking
distinguishing features
In addition to being responsive and conveniently accessible from virtually any device capable of accessing websites, Coinranking has one main feature: it has an integrated cryptographic exchange that is enhanced by ShapeShift, an encrypted exchange platform.
The website allows its users
to exchange their coins. Coin exchange on Coinranking requires a maximum of 3
minutes and charges a commission that falls within the range of other crypts
cryptocurrency exchanges.
The platform offers slightly
over seventy coins that can be exchanged on its built-in crypt
exchange. Although the number of coins
eligible for the exchange can be seen as small compared to over over 3,000 coins
listed on the platform, other cryptographic exchange platforms like Changelly, also have almost the same number of coins
eligible for the exchange despite having a long list of listed cryptocurrencies.
However, at the moment o
writing, the aspect of the Coinranking exchange was not accessible.
Another distinguishing feature is that:
From now on, you can see the crypto-market in all the currencies you can think of. You can see the prices in your native fiat currency, but also in any cryptocurrency you own or want. The uniqueness of this is that the entire market can be seen in all currencies. This will make it easier to rebalance your wallet because you can see immediately when the price of one currency is low compared to another in your wallet.
Disadvantages of Coinranking
If some features
it will be added at a later time is something that we can only speculate. Some of the speculations are
if the platform will add more data on each coin. Another defect of
the platform is that it does not provide prices on individual cryptocurrant exchanges.
This makes it difficult for a cryptocurrency trader to make decisions based on granular information. Most of this information contains other coin tracking sites like CoinMarketCap.
For exchanges of virtual currencies available on Coinranking, the platform provides only the name of the exchange, a 24-hour trading volume and the available markets. There are 192 exchanges from where Coinranking draws its data. Among the main digital exchange platforms on the platform are Binance, BitMEX, OKEx, ZB, CoinBene, Huobi Global, Bibox, Bitz, IDAX, HitBTC, Coinbase Pro, Kraken, Localbitcoin and EXX.
Final words
If what is missing in Coinranking is what you need most, you can take a look at its competitors. Among the competitors, the best are CoinMarketCap, Coinlib, CryptoCompare, among others.
However, if you only need a basic interface that contains basic information on cryptocurrency prices and on the general cryptographic market, then Coinranking is the best solution.
