Buy & sell crypto’s for the best price
Do you have trouble finding the best price and place to buy or sell your cryptocurrencies? WIth so many exchanges around, it’s hard to find the best price. Also, you practically need to be a mathematician to calculate all prices to find the best deals.
Maybe it’s much more profitable to buy your favorite cryptocurrency with an alternative coin. But you need to do some calculations before you can figure that out. This may take a lot of time. Most people just buy their coins with Bitcoins or Ethereum without knowing that they potentially could buy (or sell) their coins for better prices.
DinoTrader has developed a free tool you can use to buy and sell cryptocurrencies for the best price in the market. DinoTrader is simple to use. Just fill in the ticker for the coin you want to buy and DinoTrader will do the rest. In the following example, we see the prices and exchanges where you can buy Signatum (SIGT).
1: The exchange where the selected currency is listed on
2: The markets you can buy the selected currency with
3: The current ASKS in BTC for all markets
4: The difference between ASKS for all markets in percentage
5: The current BIDS in BTC for all markets
6: The difference between BIDS for all markets in percentage
7: The current ASK per market
8: The current BID per market
9: The break even point per market (we will explain this below)
10: The 24h highs per market
11: The 24h lows per market
12: The volume of the market in BTC
13: The name of the coin
14: Confirmation times
In this example, there are two exchanges where you can buy Signatum. In the second column, you can see that you can buy Signatum with different currencies. At Cryptopia you can buy Signatum with Bitcoins, Dogecoins and Litecoins:
In this case, you can buy Signatum the cheapest at Cryptopia using Bitcoins. The cheapest ASK will always be marked as green. The highest BID will be marked red.
All the ASKS and BIDS in column three and five are calculated in BTC. This gives you a huge advantage. Because you can see right away if it’s more profitable to buy SIGT with BTC or LTC. Let’s take a closer look to the SIGT_LTC market:
In column seven you can find the current ASK in LTC for 1 SIGT. Maybe you don’t have any BTC at this moment and you want to buy SIGT with LTC. In this case, 1 SIGT will cost you 0.00119514 LTC (column seven).
But how much is 0.00119514 LTC in BTC? First, you need to find the current BTC_LTC market on the concerning exchange. Second, you need to calculate the LTC_SIGT price to BTC. As you can imagine, this can take a lot of time.
DinoTrader already calculated this for you. In column three you can see the calculated BTC price for the LTC market. In this case, 0.00119514 LTC is 0.00001464 BTC. Since the current ASK in BTC is only 0.00001296, you pay 13% more if you buy SIGT with LTC. The percentage you pay more (or less) is shown in column four.
But as you might have noticed, the BID in BTC in the LTC market is actually much lower:
If you want to know what the current BID in LTC is you need to look at column eight:
The current highest BID for SIGT in LTC is 0.00085000 (column eight). This equals to 0.00001036 BTC (column five). That means the current BID in LTC is 19.3% cheaper than the current BID in BTC. You can see the difference in percentage in column six.
In column nine, DinoTrader calculated the break even point for the current market. That means when the current BID in BTC equals the price in LTC. In this case, the current BID in BTC = 0.00001283. In column nine you can find this price in LTC = 0.00101364.
You can use this information to calculate how high you can go if you place BID orders in LTC. For example, if you place a BID order of 0.00100000 in LTC you will buy SIGT cheaper than the current BID in BTC. Because 0.00100000 is below the break even point of 0.00101364 LTC.
You can click on the concerning market in column two. This will open the current order book on the concerning exchange. In this case, if you click on LTC in column two you will open the LTC_SIGT order book on Cryptopia.
To recap:
- The cheapest ASK will always be marked green
- The highest BID will always be marked red
- All ASKS and BIDS in column three and five are calculated in BTC for all markets. So you can see the price difference right away
- Column four and six will show the price difference in percentage
- Column seven and eight lists the current market prices
- Column nine lists the break even point. The break even point is the price in the concerning market based on the current BTC price.
This is very powerful information because you can see all different prices in all markets right away. You can use this information to strategically place buy and sell order to make the best deals.
Use this tool with caution
DinoTrader only provides market information. We do not give advice on when and where to place buy and sell orders. Be aware that markets can change rapidly. You should always double check your findings by looking at the order books.The profitability of DinoTrader depends on the trader, not the tool.
You should also be aware that some coins might be a scam. Some exchanges might have disabled wallets for whatever reason. We do our best to filter these coins and wallets but we can never guarantee that all information is 100% accurate.
You should always do your own research before placing buy or sells orders. Also, note that not all exchanges are listed.
