While it may seem obvious, the fluctuating prices of cryptocurrencies have an impact on your decisions as an investor. As such, it’s important to track these values as accurately and properly as possible.
You need a reliable crypto price tracker. But with an abundance of websites out there, it’s understandably a challenge to find the one that suits you best. In this regard, CoinGecko presents itself as a dependable option.
If you’re new to crypto, you must know how platforms like CoinGecko work. You may read this guide to learn more about how to use CoinGecko. Nevertheless, experienced investors who want to check out other crypto tracking platforms are welcome here.
What is CoinGecko and What is It Used For?
CoinGecko is a website (with a mobile app) that collects and compiles information on the performance of different cryptocurrencies and non-fungible tokens (NFTs). This Singapore-based company was founded in 2014 by TM Lee, its Chief Executive Officer, and Bobby Ong, its Chief Operating Officer.
Through its real-time data feeds, CoinGecko provides its users with price information, price fluctuations, and trading volume of different crypto assets. It also ranks such assets by market capitalization.
Simply put, CoinGecko works like a stock ticker.[1] So if you want to monitor the changes in the pricing of your crypto, compare exchange rates, or check the value of a coin in your fiat currency (e.g., PHP or USD), you can always use this platform.
If you want to learn how to use CoinGecko app on mobile, you can download its app version from the App Store or Google Play.
What are the Coins that CoinGecko Tracks?
CoinGecko prides itself on being the world’s largest independent crypto data aggregator. It currently tracks more than 13,000 crypto assets across over 500 exchanges globally.[2]
You can check price changes over different periods, from one hour, to one week, or to as far as the database will allow. Some of the leading coins CoinGecko tracks include the following:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- BNB
- Binance USD (BUSD)
- XRP
- Cardano (ADA)
- Solana (SOL)
- Dogecoin (DOGE)
- Polkadot (DOT)
- DAI
- Shiba Inu (SHIB)
- TRON (TRX)
- Polygon (MATIC)
- Lido Staked Ether (STETH)
- Avalanche (AVAX)
- Wrapped Bitcoin (WBTC)
- LEO Token (LEO)
- OKB
See also: Best Long-Term Crypto Investments 2023: 8 Crypto Coins with Potential for Growth
How to Use CoinGecko App or Website
CoinGecko is easy to use. It’s very intuitive, so you can get the hang of it after spending enough time on the website. If you want to get a head start on how to use CoinGecko, here’s a no-nonsense walkthrough of the platform.
Start with the Homepage
On CoinGecko’s homepage,[3] you’ll see the essentials right away. It displays the top 100 cryptocurrencies, their prices, and their fluctuations in one hour, the last 24 hours, and the last seven days. To help you visualize the price fluctuations of the coins, each cryptocurrency has a small line graph under the “Last 7 Days” tab.
As mentioned, CoinGecko ranks the cryptocurrencies by market capitalization. For starters, market capitalization or market cap is the total value of a certain coin. This is calculated by multiplying the coin’s current price by the circulating supply.
The homepage also lists the 24-hour volume of each coin. Under this tab, you’ll see the volume of each coin being traded in the last 24 hours across the exchanges tracked by CoinGecko.
Scroll down the homepage to see the page numbers that will lead you to the rest of the cryptocurrencies tracked by the platform. You’ll also see the trending coins at the moment.
Alternatively, you can use the search bar found at the top of the homepage to quickly find a crypto and its information.
Check the Coin Page
Learning how to use CoinGecko includes learning how to navigate the coin pages. Simply put, a coin page contains all the important information about a particular crypto. Think of it as the coin’s profile.
You can access the coin page by clicking the crypto of your choice on the list found on the homepage. You can also get to a coin page by using the CoinGecko search bar.
A coin page is divided into two sections: the upper part and the lower part.
Upper Part
The upper part of the coin page lists the coin’s market cap, 24-hour trading volume, circulating supply, total supply, and maximum supply. On the right side of the coin page’s upper part, you'll see the coin’s official website, social media links, and applicable wallets.
You’ll also find a currency converter in this section. Just input a specific number of coins and choose the crypto or fiat currency you want them to be converted to.
Lower Part
The lower part of the coin page features some tabs that contain more details about the crypto. Here are some of the sections that you can check.
- Markets – This tab displays the list of exchanges where the coin can be traded.
- Chart – This provides an expanded view of the coin’s performance chart.
- Historical Data – You can view and export data on the coin’s historical prices.
- Social – This shows the followers and key metrics of the coin’s social media pages
- Developer – This provides you with details of the coin developer’s activities
- Widgets – This tab includes widgets that you can embed on your website for personal use.
Explore More Coins
Since you’re learning how to use CoinGecko, you might as well use it to explore up-and-coming crypto assets. Thankfully, the platform helps you do just that in a variety of ways.
Check Out “Categories”
On the homepage, click the “Categories” tab to see a full list of coins and crypto assets under popular categories, such as metaverse, gaming, social money, and NFTs. The ecosystems of various crypto are also listed as categories.
Just click the category of your liking, and you’ll be directed to a list of coins related to the said category.
Access “Gainers and Losers”
Click the “Gainers and Losers” tab on the homepage to access the page that lists the largest price gainers and losers in the last 24 hours, 7 days, or up to a year ago.
Look Into “New Cryptocurrencies”
The “New Cryptocurrencies” tab, which is also found on the homepage, displays the new coins listed in the last 30 days.
Click “Exchanges”
The “Exchanges” tab, which stays at the top of the screen regardless of the page you’re on, shows the ranking of various crypto exchanges and their Trust Score. Likewise, you’ll see which coins are available for trading on a specific exchange.
Check out “Crypto Watchlists”
This page[4] shows you multiple lists of crypto based on varying topics of interest. These include the trending, most voted, most viewed, and recently added coins. It also lists the price change of the coins since their all-time high (ATH).
CoinGecko FAQs
Want to know more about how to use CoinGecko? Refer to the queries above and add the answers to your arsenal of information.
1. Is CoinGecko safe to use?
CoinGecko has maintained a good reputation over the years. It’s been cited across different international publications, such as Forbes, The Wall Street Journal, CNBC, CoinDesk, and International Business Times, among others. Furthermore, its founders were part of Forbes’ 30 Under 30 in Finance in 2019.
So, if you’re asking about its legitimacy, you can use the platform with confidence.
2. How to buy and sell crypto on CoinGecko?
You cannot use CoinGecko for cryptocurrency trading. It’s not an exchange or a wallet service. It’s just an aggregator of cryptocurrency data that investors use when making a decision. You may check the different crypto trading platforms here instead.
3. Is using CoinGecko free?
Yes, using it is free. If you just need some quick information, you don’t need to create an account to use CoinGecko for cryptocurrency browsing.
But if you sign up for a free account, you’ll get the following:
- Free Candy Rewards – CoinGecko candies are simply the reward points given to account owners who use the platform. You can earn candies through daily check-ins on the website. The candies you collect can be used to redeem CoinGecko Store vouchers, an e-Book, and limited edition NFTs.
- Access to Portfolio – CoinGecko’s Portfolio feature allows you to record your actual investments across different centralized exchanges and decentralized finance (DeFi) platforms. You can also use it as a watchlist or for simulation of possible profit and loss using a specific crypto.
Note that CoinGecko also has a Premium account, which costs US$41.66 (around ₱2,000) per month or US$499 (around ₱27,000) a year, the latter being a discounted price.
Premium account features include the following:
- Ad-free service
- 1.2x
- Weekly exclusive research articles
- Twice-a-week email newsletter
- Exclusive premium CoinGecko NFT
- Access to exclusive CoinGecko books
- Private chat with CoinGecko’s research analysts
4. How to compare two different crypto prices on CoinGecko?
You can do this by simply going to the coin page of the crypto that you want to convert. Say you want to use CoinGecko to convert SLP to PHP. Here’s what you need to do.
1. On CoinGecko’s homepage, type SLP into the search bar. Doing this will lead you to SLP’s coin page.
2. On SLP’s coin page, you’ll see a converter. Input the amount of SLP you want to convert.
3. Select the crypto or fiat currency you want your SLP amount to be converted to.
5. How can I have a CoinGecko widget on Android?
If you’re an on-the-go crypto investor, tracking coin prices via your smartphone is a must-do. If you own an Android phone and you have a CoinGecko app, you can use a widget to easily see coin information, such as price changes, on your home screen.
Here’s how to put a CoinGecko widget on an Android phone:
- Long press your home screen until you see a selection of tabs that includes “Widgets.”
- Tap “Widgets.”
- Once a selection of apps appears, tap CoinGecko.
- Choose the kind of widget that you want to appear on your home screen. It can be a coin ticker, a watchlist, etc.
Final Thoughts
The values and movements of cryptocurrencies have an immediate impact on your investment decision. This means that you’ll always have to keep an eye on price fluctuations, so you can avoid great losses and increase your odds of making a profit. Be a wise investor by using a cryptocurrency tracker, such as CoinGecko.
If you want to learn how to use CoinGecko, don’t be afraid to explore the platform. It’s intuitive, easy to navigate, and beginner-friendly!
Sources:
- [1] What is a Stock Ticker? (Investopedia, 2021)
- [2] About CoinGecko
- [3] CoinGecko homepage
- [4] Crypto Watchlists on CoinGecko
DISCLAIMER: Information published on this blog or elsewhere on www.moneymax.ph should be used for general information purposes only and does not constitute investment advice, performance data or any solicitation or recommendation that any security, investment product, transaction or investment strategy is suitable for any specific person. This material does not take into account your financial situation, risk tolerance level, investment experience or objectives; all of which are unique to you.
You should be aware that the value of virtual currencies (VCs) including cryptocurrencies may fluctuate greatly. As with any other type of investment, you should know and fully understand VCs before investing in such a product. You should only buy if you are prepared to accept the risk of losing all of the money you put into VCs.
Before acting on information on this blog, we suggest consulting an independent professional to advise you on the risks of any decision and the extent of any exposure to loss.
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