Globally, all the well-known cryptocurrencies continually change in value; the price you see at dawn may differ from the price you get to see at night. The crypto market is highly volatile, and the price changes in minutes.
You must constantly be aware of the price of your cryptocurrency if you want to trade cryptocurrencies successfully; for this, price alerts crypto tools are essential.
Being a buyer, you wish to buy a cryptocurrency when its value has dropped or during a dip. However, you wish to sell your assets at their highest value as a seller.
Even if you are limited to only some hundred dollars invested in cryptocurrency, you still need to be aware of price fluctuations.
Some crypto exchange platforms enable you with features like price alerts crypto. It informs you when a token meets a specific price objective or alters in value by a particular percentage, which can help you understand when to purchase and sell.
What types of cryptocurrency price alerts are there?
Various price alerts crypto tools offer multiple options, like:
- With a standard price alert, you can get notified when the price of a particular cryptocurrency drops or rises. For instance, if you wish to buy ether at a lower value, you may get notified every time it drops below $1,000.
- The option of a threshold for the price is also available. You can, for instance, set the threshold of 20% to send out an alert whenever the value of a specific currency changes by 20%, such as from $1,000 to $800 or $1,200.
- Additionally, you may utilise a price tracker to see a coin’s price over a specified period. Every fifteen minutes, a bot broadcasts the current Ethereum price. You’ll get alerts about general price changes every 10 to 15 minutes if notifications are turned on for that particular profile.
The features differ from platform to platform, so it is suggested to enquire before choosing an exchange.
Why use cryptocurrency cost alerts?
The price of cryptocurrencies fluctuates now and then based on variables like demand and supply, exchange accessibility, legal restrictions, and more. Any time of day or night, a chance tweet or post from some billionaire may significantly impact the value of your token.
Due to these changes, monitoring cryptocurrency values is crucial, particularly if you intend to buy a token or already possess some and want to trade them. However, at least you have a figure to compare to the price yesterday, last year, this month, or even this week. Of course, knowing the current price can help you make significant changes in your plan.
Why Does A Crypto Exchange Matter?
Experts constantly emphasise choosing a reliable crypto exchange because of the various advantages they offer. One of the most significant features offered by crypto exchanges is price alerts. You can make a set-up through the crypto platform about your favourite assets and get notified when the price changes.
Getting a notification when the price hits a specific point can help make important deals. Other popular features offered by crypto services are advanced password security, simple individual transaction reporting, fast biometric login, etc. A reliable crypto exchange can make all the difference in your trading experience.
Bottom Line
You can easily monitor the price of any cryptocurrency utilising these advanced features. So, find a reliable and authentic platform to begin with crypto trading. Look for the best options in your country. The Internet is a fine place to begin by listing popular options. Shortlist the ones that fit your needs and choose a secured platform.