Best Cryptocurrency Scanners

Read our Advertiser Disclosure.
Contributor, Benzinga
November 14, 2024

Want to streamline your trading strategy? A crypto scanner can help you make informed decisions and maximize your profits. Get access to real-time data and insights with Crypto.com, Tradingview or Altrady.

crypto-scanner

Cryptocurrency trading has seen a massive surge in popularity, with prices of various tokens reaching new all-time highs (ATHs) in 2024. With over 23,000 unique tokens in circulation, staying up-to-date with the price swings of these digital assets can be an overwhelming task for traders. Additionally, the rapid growth of the cryptocurrency market has led to an influx of new tokens gaining popularity, making it increasingly difficult to monitor all the latest developments.

You can solve this problem by using cryptocurrency scanners. These tools automatically monitor on-chain trading activity and notify you of certain events that occur. These scanners come with customizability that makes the trading experience much easier. Let’s take a look at some of the best crypto scanning programs available in 2024.

Quick Look: The Best Cryptocurrency Scanners

The 8 Best Crypto Scanners Right Now

Here are some of the top crypto scanners across a variety of different categories. 

1. Best for Charts: TradingView

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. 

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. It is cloud-based, available on any device and powered by Pine Script programming language, so you’ll never miss a trade.

The TradingView platform is connected to hundreds of data feeds with unfiltered access to most of the 23,000 unique tokens, including Bitcoin and Ethereum. The platform offers timely news and financial data, further empowering traders.

Why We Love It: With its easy-to-read charts and easy-to-monitor indicators, TradingView offers traders a comprehensive and reliable charting platform. Whether you are a beginner looking to learn more about technical analysis or an experienced trader in need of advanced charting tools, TradingView provides you with tools you need to analyze market trends and make informed trading decisions.

2. Best for Sign-Up Bonuses: Crypto.com

If you want an all-in-one spot for investing, trading, earning interest and tracking cryptocurrencies, then Crypto.com could be the application for you. Not only can you track thousands of cryptocurrency price movements and price targets directly on the Crypto.com app, but you can also trade on its full-featured exchange. The exchange charges competitive fees, often below the industry average.

Crypto.com also offers interest-bearing accounts to its users. Interest-bearing accounts let you accumulate more cryptocurrency tokens over time, and the rates on Crypto.com beat out any traditional bank's interest rates by a large margin. 

Why We Love It: With generous sign-up bonuses, high-staking APYs and low fees, Crypto.com is definitely one of the best platforms for those looking to dive into the world of digital assets.

3. Best for Altcoin Traders: altFINS

Within altFINS lies several educational tools that will make it easier to learn about cryptocurrency trading and building a portfolio. 

One useful aspect of its screeners is X (formerly Twitter) alerts, as social media can catch some price movements before they happen. In addition, you can create watchlists that allow you to know what is breaking on the market, when your preferred tokens are moving and which you might want to buy or sell.

It offers Basic, Essential and Premium levels starting as low as $90 per year, and you can pay in crypto. Plus, you can learn how to use these scanners more effectively in the future if you sign up for the education and premium bundle to take the online trading course.

Why We Love It: With its easy-to-build screeners and comprehensive features, altFINS is a valuable resource for traders looking to maximize their profits in the altcoin market.

4. Best for Beginning and Sophisticated Investors: Delta Investment Tracker

Delta is a mobile app that allows you to look into the price movements of all the most popular stocks, crypto, ETFs, indices, bonds, mutual funds, options and futures that you could potentially add to your portfolio. Because these assets cover such a broad range, it helps to use the Delta Investment Tracker to know how they are performing — all in one place.

You can check out profit and loss statements from varying periods, percentage changes, market values, current positions and unrealized gains. The app is easy to read and interpret, making it a great choice for beginners and experts alike.

Why We Love It: Delta Investment Tracker is a versatile platform that caters to investors of all levels, from beginners to seasoned professionals. It offers a user-friendly interface and comprehensive tracking tool. Plus, it allows you to connect a massive portfolio on the platform.

5. Best for Performance Tracking: Altrady

Some crypto scanners are not integrated with an exchange, meaning that you cannot trade on the same platform you get alerts from. This is not the case with Altrady, as it allows you to integrate nearly every major exchange. You’ll never miss a trade thanks to the platform’s real-time market data. This data provides real-time updates of prices, trades and order books.

To minimize your risk, Altrady provides trading analytics to provide insight on your crypto trading performance and help you make better trading decisions. The portfolio manager tool also lets you compare and aggregate accounts across multiple cryptocurrency exchanges.

Altrady’s base scanning tool makes finding profitable entry points in the crypto market easier. Its unique algorithms will spot price drops below the base 24/7 and send alerts to your desktop/mobile screen so you can buy low or sell at the right time.

Altrady offers a no obligation, 14-day free trial subscription, after which you can enroll into one of its three plans: its Basic plan at €17.47 per month, the Essential plan at €31.47 per month or the Premium plan at €55.97 per month, billed annually.

Why We Love It: With Altrady, you can do all your trading in one place, eliminating the need to juggle between different exchanges and trading platforms. Plus, the long trial period helps you learn if you like how this platform works.

6. Best for Professional Traders: Cointelegraph Markets Pro

Cointelegraph Markets Pro is a platform designed for you to find cryptocurrency information and trade at your leisure. The intuitive interface is perfect for both retail and professional traders.

With top-notch token analysis, a Discord server filled with a friendly and informative community, a scoring tool and the ability to gauge X sentiment, you can learn a lot about a cryptocurrency during your research.

While the service is fairly pricey, coming in at $149 per month, it could be worth it if you can take advantage of all of the information it provides. Switch over to the mobile app and use the proprietary system to learn which cryptocurrencies are soaring and which are falling. Cointelegraph Markets Pro gives you information on volume, outlook, real price, tweet volume, elevation and confidence, you can make informed decisions at any time.

Why We Love It: With its comprehensive data analysis, curated news feed, and customizable alerts, this subscription-based service provides traders with the tools they need to stay ahead of the competition and make profitable trades in the ever-changing cryptocurrency market.

7. Best for Scanner Customization: Algory

Algory is a powerful platform that offers users the ability to monitor a variety of different tokens with over 100 different filters and alerts. These features can allow you to find new strategies and tokens by scanning the markets based on a handful of unique filters. 

The site allows users to integrate across 17 different crypto trading platforms that update with live market prices. The scanner is centered around speed and ease of use. They want to streamline the scanning process to make it efficient to find new tokens.

It offers standard and premium plans. The standard plan costs at $8.99 per month, while the premium plan costs $13.99 per month.

Why We Love It: Algory is an excellent choice for traders looking to customize their scanning experience and find the best opportunities in the market. With its user-friendly interface, real-time alerts, and extensive customization options, Algory is a top pick for scanner customization.

8. Best for Monitoring Tokens: DYOR.net

The main point of scanners is to provide an easy way for traders to monitor the markets. DYOR.net leans into this, creating an easy way to monitor a variety of cryptocurrencies. The platform is primarily powered by Quick View Mode, which allows traders to see all of their favorite tokens and indicators in one place. 

The site aggregates your favorite technical indicators and creates a score that tells you how strong the bullish trend is or if there is potential for a pullback. This feature can make it easy to monitor tokens at a glance.

Premium plans start at $15 per month.

Why We Love It: With its easy-to-use interface, comprehensive tracking features, portfolio management tools, and real-time updates, DYOR.net makes it easy for users to track their investments and stay informed about the latest trends in the market.

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. These movements become signals to execute different trade orders that increase your odds of reaping profits. While price and volume are the most basic components to track, crypto scanners track more sophisticated technical metrics.

Most crypto scanners send out notifications to traders when market conditions change, allowing them to stay up-to-date.

How Does a Crypto Scanner Work?

With over 23,000 cryptocurrencies currently available across hundreds of exchanges, it would be almost impossible to monitor the markets and find potential trade opportunities. Crypto scanners work by scanning several cryptocurrency exchanges and looking at moving indicators such as volume, price and technical indicators like RSI to help you save time. 

With a crypto market 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

Pros and Cons of Crypto Scanners

The best crypto scanners can be great additions to your trading strategy, but you must weigh the pros against the cons to decide if they are a perfect fit for your needs.

Pros:

Enhanced Trading Efficiency

Crypto scanners provide up-to-date information and notifications on price shifts, volume fluctuations, and market trends, allowing traders to make prompt decisions and carry out trades more effectively.

Identifying Opportunities

Crypto scanners use advanced algorithms and filter options to identify potential trading opportunities or undervalued assets that might not be readily apparent, enabling traders to take advantage of market fluctuations.

Automation and Customization

Many crypto scanners enable users to create custom alerts based on criteria like percentage changes, market cap, or trading volume. This automation helps save time and makes sure that traders stay informed about important market movements.

Risk Management

Crypto scanners offer detailed market data and analytics that assist traders in evaluating the risk factors of their investments. This enables them to make informed decisions and better manage their portfolios.

Informed Decision Making

Crypto scanners gather data from various exchanges, providing users with a comprehensive view of the market. This complete perspective helps traders conduct detailed technical analysis and develop more informed trading strategies.

Cons:

Potential for Inaccurate Data

Crypto scanners typically use public blockchain data and different algorithmic analyses, but this information may not always accurately represent the current market conditions or transaction details. As a result, it can lead to misleading or imprecise information, affecting trading choices.

False Positives

Crypto scanners might identify transactions or accounts as suspicious or fraudulent even if they are legitimate. This can lead to unnecessary concerns and may result in actions like account freezes or denied transactions.

Dependence on Technology

Relying too much on crypto scanners for analysis can create a dependence on technology. Traders might become less capable of making independent decisions or honing their skills in market trend analysis without the help of scanners.

High Costs

Some advanced crypto scanners charge subscription fees or service fees. For smaller traders or beginners, these expenses can be a barrier, making it difficult to access potentially useful tools.

Limited Scope

Some crypto scanners tend to concentrate on particular cryptocurrencies or exchanges, which can lead to a limited understanding of the market. This limitation might prevent traders from seeing the full market picture and could cause them to overlook trading opportunities in other platforms or assets.

What to Look for When Choosing a Crypto Scanner

Here are some key factors to consider when selecting a crypto scanner:

Ease of Use

Look for a scanner that has a user-friendly interface and intuitive features that make it easy to access real-time data and analyze market trends.

Customization Options

Every trader has different needs and preferences when it comes to trading cryptocurrencies. Look for a crypto scanner that offers customization options, such as the ability to create custom alerts, set specific trading parameters, and filter out certain cryptocurrencies or exchanges.

Real-Time Data

Make sure the scanner you choose provides up-to-date information on price movements, volume and market trends so you can make informed decisions quickly.

Security Features

Security is a top priority when trading cryptocurrencies, as the market is prone to hacks and fraud. Look for a crypto scanner that offers strong security features, such as encryption, two-factor authentication, and secure data storage, to ensure your information and funds are safe.

Pricing

Consider the pricing structure of the crypto scanner and whether it offers value for money based on the features and benefits it provides. Some scanners offer a free trial or basic version with limited features, while others require a subscription fee for full access to advanced tools and data.

Customer Support

Choose a crypto scanner that offers responsive customer service through multiple channels, such as email, live chat or phone support.

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 alerts directly to traders. A crypto screener lets you filter crypto assets based on user-defined metrics to find the best trading opportunities.

Though they differ, both can be effective tools for finding trades and monitoring markets. 

Are Crypto Scanners the Real Deal?

Crypto scanners can help make you a more successful trader by reducing guessing, taking up less time watching the markets and making more informed trading decisions. While it can be difficult to monitor many cryptos at the same time, scanners can automate this process and make it much easier to spot potential trades at all hours of the day. 

Despite the evident use cases, they are only as good as the trader behind the screeners. Make sure that you have a solid understanding of crypto trading, technical indicators and market sentiment before relying too heavily on scanners. 

Frequently Asked Questions

Q

Are the free versions of crypto scanners available?

A

There are free versions of crypto scanners that offer basic tracking of cryptocurrency prices and market trends. However, these free tools may have some limitations compared to premium versions, including fewer features or data sources.

Q

Do crypto scanners support ETH/USDT pairs?

A

Many crypto scanners are capable of tracking ETH/USDT pairs as they monitor a variety of trading pairs across different exchanges. Users can use these scanners to observe price changes, trading volume, and other market metrics for these specific pairs.

Q

What is the best tool to analyze crypto?

A

Choosing the right tool to analyze cryptocurrency can vary based on personal preferences, but CoinMarketCap and CoinGecko are well-respected for providing detailed data on market capitalization, price trends, and trading volumes. For a deeper analysis, platforms like TradingView offer advanced charting features and technical indicators.

The Crypto Rocketship: Weekly Newsletter
Exclusive Crypto Airdrops, Altcoin of the Week, Insider Interviews, News & Show Highlights Completely FREE