As emblematic of a modern chat room, CryptoCompare (CryptoCompare.com) is a dynamic source of crypto intel that encourages a modern level of technical understanding, if not expertise. With copious comment on trends and streaming charts that give real-time snapshots of altcoins, the site’s value lies in its public API. Users can glean OHLCs, comprehensive cryptocurrency pricing and volume data from many exchanges.
Stemming from a development focus of ICO monitoring, the project began fetching data from CryptoCompare public APIs using Python. Billed as a “social gateway” into the cryptosphere, the site’s model and content has found wide appeal in the community and today boasts thousands of daily users.
First-time users may find the home page slightly intimidating yet populated as expected to optimize UX. With charts and the latest reviews immediately accessible and a list of featured coins alongside trending topics all at users’ fingertips, the site is a home for many loyal followers.
What Is CryptoCompare?
The site grants an immediate overview of various currencies, breaking, important news as well as constant price monitoring for users. Over 300 altcoins are monitored onsite, along with various exchanges, wallet providers and mining trends. In many ways, the site acts as something of a crypto-library where a host of intel exists to support new entrants to the cryptosphere while still catering for experienced users’ needs too.
The Cryptocompare development team looks into emerging and existing coins constantly, vetting them for listing on the site. This process helps users avoid the inevitable and constant pump-and-dumps as they come long.
Applying their expert analysis, the company has also found uptake with users due to this vetting capacity that has defined the outfit as an authoritative voice. With live, streaming prices alongside assorted charts and constant analysis from most of the top Bitcoin and crypto exchanges, for many users the site has become the last word on credible crypto commentary.
CryptoCompare also publishes evaluations of mining equipment and contracts, wallets hot and cold, and digital exchanges.
Running with at least a scion of the original Bitcoin ethos, the company values its user feedback loop that enables a democratic evaluation of an altcoin, so that the publicity can join and grow the cryptosphere overall. Very usefully, the site plays host to numerous inputs from users comparing liquidity fees and other nuances of an active crypto lifestyle. This site value – helping users get money in and out in a smart, cost-effective manner – has proven very popular with enthusiasts. Developers also frequently contribute to debates.
The site is demonstrably detailed, and a glance at the bottom tab as well as the copiously populated drop down menus on top point to a virtual library of resources. Especially beginners can avail themselves of documents like “What are Digital Currencies” and “What is Bitcoin?” Far more technical intel on almost any aspect of blockchain currencies is also available for users’ edification and dissemination.
Highly responsive as a component of build, the company makes much of being an egalitarian platform where users review and rate new and existing coins and exchanges. CryptoCompare is dynamic on the interface between users, credibility and poor projects.
The company has a strong interest in ensuring that user reviews and ratings are aired and that they contribute to a coin’s legitimate standing. This is seen as able to perpetuate the ethos of a democratic application and evaluation for digital coins, and legitimately grow the cryptosphere on the back of its merits.
With onsite suggestions for topics that might be troubling visitors, the company moots things like exchange comparisons, discussions around AML and KYC regulation, support experiences and other service experiences. User experiences of buying mining power or simply mining for a profit are current hot topics.
Users’ hot and cold wallet issues, UX with cryptoc ompanies or fellow traders or pretty much anything crypto is fair game for a discussion on CryptoCompare. Users are constantly encouraged to maintain the buoyant discourse ever present on the site and a decidedly Bitcoin spirit pervades the platform.
The Various Divisions Of CryptoCompare
On the site, users will find targeted pages for coins and coin discussions, as well as the ability to toggle between pairs and compare current prices. There is also an aggregated index feature with market breakdowns that pinpoints volume sources. Users can of course employ these features to observe their own trades on an exchange being validated.
There is an “Exchanges” area, one for wallets and another popular mining arena. Here users can compare experience, costs against any one of a host of metrics or simply post a yes or no vote on mining issues and hardware.
Users can create their own profile and choose to follow other users, miners or even entities like wallets or exchanges when topics are of interest. Probably the greatest essential of the platform is these forums that allow users to keep coming back to current conversations, most surrounding news snippets from site. Users are also awarded points for being active in sampling and commenting on test projects and other offers.
Amid the proliferation of chat rooms and the myriad cryptocurrencies and associated projects, CryptoCompare has established itself as reputable – the one essential quality needed for any forum to remain relevant.
The live prices and assorted news intel is accurate and fairly all-encompassing. The site posts price analysis and charts from 25 top exchanges. The company has a dedicated newsroom team that keeps the mining sector updated on equipment and contracts, with mining products, product reviews and even mining house details published daily.
Firmly anchored to its value as a source of ongoing UX and possibly even a hotbed for innovation, CryptoCompare is transparent about where blockchain is at right now in terms of its global impact. Insistent upon maintaining credible information and honest appraisals, the company has maintained its reputation as a credible source of information on the cryptocurrency industry. The company’s stated purpose is to provide a platform that buoys the crypto community in all ways possible, in order to entrench cryptocurrency as a global phenomenon.
Although the site offers no trading facilities, many users keep the tab open as a broad validation when starting to trade. The trading intel onsite is “conglomerated and refined data from other exchanges,” something the company hopes also aids users in selecting an exchange they have evaluated.
With a loyal user base and a veritable library of intel, hosted under the guides section, users can typically glean all desired information from a single source. Guides too are filtered for relevance and a proactive protocol is at play to position the most popular guides most visibly as users open the page. This section is not immediately visible, however, and a bit of navigation is needed to access the full extent of the site.