Coincap Crypto Tracking App

[Nayana Patil]

How Coincap works?

The app works on iPhone and Android.

The home screen defaults to coins listed as per their market cap. When you tap the ‘Price by Market Cap’ button, it reveals a drop-down menu which has the following data that you can sort: by available supply, coin name, market cap and %change in the last 24 hours, percentage change by market cap, price, price by market cap, and volume trading in 24 hours.

Clicking on individual tokens offers details on the specific coin’s price, the percentage change in the last month, and the Buy and Sell buttons. The Buy button for Bitcoin, for instance, directs you to the app store and to the ‘Shapeshift’ app.

The app allows you to see the price on specific data and time by simply moving your finger on the graph after accessing the page for a specific crypto. In the case of the website, mouse-click shows the graph of that particular crypto. Remember you can always sort the graph in the last one month or 24 hours.

Benefits and other information

First, apart from Bitcoin, Litecoin, Ethereum, Zcash, Dash, Ripple, and Monero are some of the popular cryptocurrencies available to trade in this market.

The site also provides high leverage compared to Forex. You can turn that opportunity to advantage. However, you need to approach such high margins with caution in order to avoid making huge losses.

Another advantage of using the CoinCap tool is that there are no transaction costs required when everything is being recorded digitally. Again, there are no deposit or withdrawal fees and therefore helpful when compared to trading on Forex.

We already talked about the fact that you do not need a lot of money to start trading on the Coincap app. Besides, you do not need to reveal your bank account or card details to others. This might turn very helpful especially when dealing with foreign brokers.

Risks and downsides

Apart from the benefits we talked about, Coincap is, like many other exchanges, prone to crypto volatility. There are also high leverage costs as well as the fact that Bitcoin can lead to varying rates.

Final Verdict

To summarise this CoinCap review, the crypto tracking tool has all the features of becoming the top-rated cryptocurrency tracker.

Source: CoinPedia