If you're a cryptocurrency trader and don't know how to select a good coin with the potential for massive growth, then you’ll enjoy reading our best crypto signals guide for beginners.
It is no longer news that the cryptocurrency industry has turned many average-income earners into overnight millionaires. This is because successful traders are privileged to get the right information about the right time and price to buy a particular coin or token.
Table of Contents
- What is a Trading Signal?
- Financial and Technical Analysis Explained
- What is the Difference Between Trading Signal and Alert?
- What should you look for in a crypto trading signal service?
- 10 Best Cryptocurrency Signals
- How to Choose the Best Bitcoin Trading Signal
- How to Get Started With a Trading Signal
Although some traders have recorded certain wins while investing in random coins they chose for themselves, the strategy is never the best practice.
Traders who have very little knowledge about how the market works and what makes cryptocurrencies spike or drop are mostly advised to employ the services of an expert, who would do the hard work of studying charts and keeping tabs on the latest industry news.
At the moment, there are tons of crypto signal providers in the market, thus giving traders the problem of selecting the right one. Many of these crypto trading signal providers have a good track record of giving out quality signals while others are only in the business for the money.
Before considering the best trading signal providers, you might need some help understanding what a trading signal is.
What is a Trading Signal?
A trading signal is a trade call researched and analyzed by an expert, which indicates what and when a coin or token should be purchased at a specific price.
Analysts usually give out vital information to their clients or subscribers after the trade is thoroughly researched, which mostly involves following news updates of the coin, as well as studying its market data.
The two main parameters that usually guide a crypto signal provider’s trade calls are fundamental analysis and technical analysis.
Financial and Technical Analysis Explained
Most crypto enthusiasts must have come across these words in the past. While it may not seem important to many, these are the most important factors that guide a signal provider’s decision about what cryptocurrency to invest in.
Fundamental Analysis, or FA, helps signal analysts evaluate the cryptocurrency project, especially its financial statements, competitors, staff strength, upcoming upgrades, and news reports, which include negative and positive.
On the other hand, Technical Analysis (TA) involves the study of cryptocurrency charts and market data to forecast the direction of the price. TA is focussed mainly on price trends, chart patterns, oscillators, and moving averages among others.
It is worth noting that regardless of how perfect or imperfect a crypto chart may look, any news like a hack incident on the project could see its price plummet drastically within a few hours after the information becomes publicly available. This is why it is important to choose a trading signal who will be among the first to have knowledge about important cryptocurrency-related information to save you from massive loss.
What is the Difference Between Trading Signal and Alert?
People tend to believe both concepts mean the same thing, and often use them interchangeably. Contrary to this misconception, trading signals and alerts are quite different.
A Trade Signal is a call to buy or sell a cryptocurrency at a given price and time, which is given by an expert based on his or her confidence in the coin’s TA and FA. The signal may also be issued to traders to tell them when to buy more or sell part of their holdings while on the trade.
Trade Alerts, on the other hand, are automated notifications about the price of a coin, usually set up by a trader to know the performance of the trade. Here, the trader may want to know when the price of the crypto will drop or rise to a certain range. to determine when to buy more, or soar above the entry price in order to sell.
What should you look for in a crypto trading signal service?
After careful analysis of several cryptocurrencies, the signal provider will arrive at a decision about what they consider a good cryptocurrency, the buy range, exit strategy, and expected duration of the trade.
These are the things traders and investors should look for in a crypto trading service.
Project Trends
Signal experts usually arrive at this decision by scanning through a few of the available cryptocurrencies and examining their market data such as the price trends and moving averages.
Sometimes, they can analyse signs of an alt-season in crypto or receive early information about a project like the announcement of an airdrop for holders of the coin.
If several people know about this offering, chances are, many investors will want to be beneficiaries of the upcoming airdrop by buying the coin before the airdrop date, which would in turn cause its value to soar significantly.
Buy Range
This is also referred to as the entry-level. Here, the signal professional conducts a full-time TA on cryptos. When the coin that is considered a good buy is spotted, the signal expert carefully analyzes its market data to identify what price level is suitable for entry.
The value is usually given in the range and it is left for the trader to identify where to place the purchase order. Setting your purchase order below the range given by the expert may not end well, as the coin may not reach your expected level before reaching its sale target.
Exit Strategy
The signal professional would also provide the price level you are expected to sell in order to lock in a profit or mitigate your losses.
This encompasses the Sell Target (ST) and the Stop Loss (SL). Sell Target is the price you’re willing to sell to make a gain, while Stop Loss is the price level you want to sell to reduce your losses in case things do not go as planned.
In most cases, the Sell Target and Stop Loss are usually given in different ranges and traders are expected to choose a particular value based on their risk appetite.
To be on the safer side, it is best to set a One-Cancel-the-Other (OCO) order, which requires traders to input both the value of the ST and SL, respectively.
Trade Duration
Here, the timeframe for the trade is expected to achieve its goal will be clearly stated. The signal provider usually indicates this by stating whether the trade is short-term, mid-term, or long-term. This would help guide traders’ decisions about whether to join the trade or ignore it.
People who opt for short trades may be classified as trend-following traders and are expected to always be on the lookout for price movement to know the condition of the market.
On the other hand, people who choose medium or long-term are confident that they will be on the trade for a long time and as such are referred to as investors. People in this category are not bothered about the daily trends of the market as they believe things will fall into place in a few months or years.
10 Best Cryptocurrency Signals
No signal is 100% accurate, but with the help of a good trading signal provider, you’re sure of recording some wins while mitigating your losses to the barest minimum.
We compiled this list of the top 10 cryptocurrency trading signals, including paid and free in no particular order.
1. Signals Blue
Fee: $259.99 monthly, $509.99 bi-annually, $1019.99 lifetime
Signal Type: Telegram, Cornix, API
Notification Frequency: Over 5 signals weekly.
Signals Blue is an excellent trading signal provider with a team of professionals from all over the world carefully analysing market data, news, and upcoming upgrades of different cryptocurrencies before giving out trade calls.
Whether you are new to crypto trading or not, the Signals Blue team of experts is always available to guide your every step. The success rate of Signals Blue is breathtaking, as the providers have continuously delivered a cumulative 91.07% win since its inception in 2018.
The trade signals provided are focused on popular cryptocurrency exchanges such as Binance, Coinbase Pro, KuCoin, Kraken, Huobi Global, and others.
Features
- AI-based tools to oversee the entire crypto market.
- Flexible working team located in different parts of the world.
- Unlimited support is being offered to subscribers.
- Suitable for beginners and expert traders.
- Possibility to turn on the automation function (via the Cornix trading bot).
- Advanced clients can use the API option.
- Users can earn money by inviting others to Signals Blue.
Pros
- A high success rate of up to 91%.
- 24/7 Live chat widget support.
- Provides both Bitcoin and altcoin signals
- Compatibility with trading bot - Cornix.
- Stats are available to back up successful claims.
- Beginners will receive a PDF guide upon successful subscription.
- Possibility of switching to their other crypto signalling service - UniSmart (DEX crypto signals).
Cons
- No free trial.
2. Learn2Trade
Fee: £40/month, £30/quarterly, £21.5/bi-annually, £18/yearly, and £399/lifetime subscription
Signal Type: Telegram
Notification Frequency: 3 to 5 signals daily
Learn2Trade is a trading signal platform that focuses on different financial instruments, including cryptocurrency, forex, and stocks.
Subscribers rely on the team of professional traders led by Orlando Guttierez who has more than 15 years of experience in the financial market and has been consistent in providing more than 70% signal accuracy on a monthly basis.
Although many traders may have doubts about using this provider, Learn2Trade offers a free Telegram cryptocurrency trading channel where you can get free trade ideas to confirm its accuracy.
Features
- It offers a free crypto education program for everyone.
- The signals are a combination of analyzing over 80 technical indicators backed up by the FA.
- Provides daily news updates about what’s happening in the cryptocurrency market.
- Multi-lingual support.
Pros
- 24/7 customer support on two different channels, email and phone.
- Free cryptocurrency signal Telegram group.
- Signals are provided by a team of veteran traders and analysts.
- Over 3 signals are given on a daily basis.
Cons
- No automated trading bot.
- There is no full record of the VIP group’s past performances.
3. BeinCryptoCommunity
Price: Free
Signal Type: Telegram
Notification Frequency: Unknown
BeinCryptoCommunity is a trading signal group set up by the popular news outlet BeinCrypto. The platform hosts one of the finest groups of experts in the industry that has a vast knowledge of the cryptocurrency market.
Even though signals are given out at zero cost, the trade ideas are adequately researched via the use of market data of the cryptocurrency and a good FA.
Since BeinCrypto is originally a crypto media outlet, users are constantly updated about what’s happening in the crypto space via the Telegram channel.
There is a free and pro Telegram channel for the BeinCryptoCommunity.
Contrary to other signal providers that require traders to pay a fee to be upgraded to the pro group, BeinCrypto only demands that clients create an account on the cryptocurrency exchange StormGain.
Users will be required to fund the account with a minimum of $20, which they can use to trade. With this in mind, BeinCrypto hopes to benefit from StormGain’s referral program, which it will use to keep the free trading signal program going.
Features
- Rich education materials
- Free premium group.
- Professional Customer Support.
- The signals given are a combination of properly researched TA and FA
- Social trading
Pros
- Entry is free.
- Users are adequately informed about the market.
- Beginner traders are properly guided until they become professionals.
- Traders are able to network with each other in the group.
Cons
- Free signals are not as reliable as paid ones.
- Trade ideas are dropped in a Telegram group instead of a channel.
- Signals are not consistent.
4. 4C Trading Signal
Price: $59 monthly for beginners, $139 monthly for advanced traders, and $179/month for expert traders.
Signal Type: Telegram
Notification Frequency: Five to ten signals weekly.
4C Trading Signal is one of the best signal providers in the market right now. The company boasts a team of professional analysts and industry experts with years of experience in the cryptocurrency world.
Although it was launched in 2019, the signal provider has been able to create a sound reputation for itself with a record of giving investors good value for their money.
Subscribers can choose to use either the smart trading bot or the manual trading signals provided on a daily basis.
Whether you’re a beginner or a veteran cryptocurrency trader, 4C Trading has a package for everyone, you just need to choose the service that suits you. Users are given rewards for inviting friends and family.
Not only are subscribers given several trade signals, but 4C Trading also runs a crypto education program to enlighten newbies about the industry and how to grow into pro traders.
Furthermore, investors are taught about executing proper risk management, as this seems to be the major issue facing a large percentage of traders.
Features of 4C Trading Signal
- Automated bots that execute BTC, ETH, and LINK trade on behalf of subscribers.
- Crypto education.
- Transparent cryptocurrency signal
- Experts combine both TA and FA to arrive at signals.
- Bots' past reports available upon signup
- Referral program.
- 4C Investor Club
Pros
- 7-day free trial on all packages.
- Webinars conducted with industry experts.
- Professional customer care service.
- No experience required
- Fast and secure set-up.
Cons
- Automated bots only work on Binance.
- Each bot requires setting up separate Binance accounts.
- Slow response from the customer service team.
5. Fat Pig Signals
Fee: 0.50 ETH quarterly, 0.75 ETH bi-annually, and 1.25 ETH yearly
Signal Type: Telegram
Notification Frequency: Over 3 daily signals
Fat Pig Signal is a platform that gives trade ideas based on detailed analysis of coins’ market data, book order analysis, short-term volume movements, news, updates, and traders are left to decide whether to invest or not.
Its team of professional analysts are constantly on the lookout for trade opportunities, taking off the burden and hard work from traders who are only required to execute the trades themselves.
The signals cover both major cryptocurrencies and altcoins like Bitcoin, Ethereum, Litecoin (LTC), Cardano (ADA), and Dogecoin (DOGE).
The team always emphasizes the need to diversify one’s portfolio in the event of a market crash. Based on this, it has taken it as a responsibility to teach subscribers how to properly diversify their portfolio to mitigate losses.
Features
- Regular market updates.
- Offers short-term, mid-term, and long-term signals.
- Provides steady customer support.
- Signals are provided on Telegram.
Pros
- Over 75% monthly success rate.
- Subscribers are offered more personalized services like getting professional advice on how to diversify their portfolio.
- Over 8,000 subscribers trust the VIP package.
- A minimum of three signals are given daily.
Cons
- Not suitable for crypto novices since there is no educational material.
- Entry fees are not stable due to the volatile nature of the chosen payment method.
6. Crypto Alarm
Fee: $279 monthly, $1279 yearly, and $999 for the lifetime package
Signal Type: SMS and Telegram
Notification Frequency: Over 4 signals daily
Launched in 2017, Crypto Alarm is a Telegram cryptocurrency group of signal providers that offers a well-detailed and analyzed signal to help traders record huge profits.
The firm has a good organizational structure that tackles different aspects of its business. For routine crypto-analysis, its team of experts is tasked with the responsibility of keeping watch on the market to discover a good entry and exit level. Signals on Crypto Alarm cover the most popular exchanges including Binance, Coinbase, Binance.US, Gemini, Gate.io, and Kraken.
The group’s support unit is also effective. The support unit consists of a group of professional experts who are always available to address your enquiries and issues, should any arise.
Features
- Signals and updates will be sent via Telegram
- Multi-support channel.
- Detailed signal stats provided
- Supports Cornix trading bot.
Pros
- Offers Investment Risk Management
- Analysts are always on the lookout for trade opportunities.
- Signals cover short-term, medium-term, and long-term investment strategies.
- Signals are adequately analyzed.
- 24/7 support via LiveChat widget or phone call.
Cons
- No free trial
- Packages may be too expensive for small traders.
7. Zignaly
Fee: Free
Signal Type: Web
Notification Frequency: Inconsistent
This is one of the most unique and cheapest trading signal platforms anyone can think of. Zignaly runs an initiative where traders can follow professional analysts and copy their trade signals.
Signing up for an account on Zignaly is absolutely free. However, most expert traders may require a certain amount of fee before other users can connect to them.
This fee isn’t paid to Zignaly, but the platform only acts as a middleman between the signal provider and other users. Clients who want to use the Zignaly trading bot, which supports unlimited amounts of crypto pairs and positions, will have to pay a monthly fee.
Features
- Trading bot support for Binance, KuCoin, and BitMEX.
- Free basic account.
- Multi-lingual support
- Profit sharing
- Discord group support
- Multi-payment channel support.
- Curated marketplace with vetted traders.
Pros
- Traders are given the opportunity to choose from a pool of professional signal providers.
- Traders share profits with investors
- Zignaly helps eliminate fraud by becoming the middleman between signal providers and traders.
- Signal accuracy is visible to everyone.
- Offers rich educational content.
- Users are given the opportunity to request a service.
Cons
- One must use paid signal traders to get the most out of Zignaly.
- The fees depend on performance and are thus usually unstated.
8. Universal Crypto Signals
Fee: $66 per month, $171 quarterly, $306 bi-annually, and $540 yearly.
Signal Type: Telegram
Notification Frequency: More than 3 signals daily
It is one of the best signal providers with a significant number of success rates since its launch in 2018.
Universal Crypto Signals runs both free and premium Telegram channels where it disseminates its uniquely-researched signals to traders.
Subscribers are given access to the Altcoin Spot Premium Channel, Premium Toolbox, and semi-automated Cornix support.
The signal provider also offers a margin trading service, which requires an extra cost. However, users can choose to pay a monthly fee of $155 monthly, to get access to both margin and spot trading signals.
Features
- Unique signal analysis.
- Semi-automated trading bot.
- Easy-to-use service.
- Multi-exchange support
- Margin/leveraged premium plans
Pros
- Subscribers are offered personal support.
- Offers suitable risk management advice to all subscribers.
- Always available to address client queries.
- Gem calls are made from time to time in groups.
- New services are being unveiled regularly.
Cons
- No up-to-date signal stats.
- The platform does not provide crypto educational materials.
- Lifetime plan unavailable
9. AltSignals
Fee: $112 monthly, 0.016 BTC quarterly, and $508 for a Lifetime plan.
Signal Type: Telegram
Notification Frequency: Over 4 signals weekly.
Founded in late 2017, AltSignals is committed to helping its clients create wealth in the crypto space by offering them steady, professional, and adequate signals to help them succeed in the ever-volatile market. The platform also supports Forex trading signals.
AltSignals offers reliable trading signals and has a community of over 50k members. While it usually recommends long-term trades, the crypto signal provider also offers short and medium-term trade ideas for users who may prefer the latter.
Part of its services includes crypto education, a free Telegram signal group to enable intending users to test its accuracy and a functional web platform.
Features
- Risk management analysis.
- Telegram support.
- Altcoin algorithm indicator
- Offers both major and minor crypto trading signals.
- Supported exchanges include Binance, BitMEX, and ByBit.
- A strong community of both crypto beginners and professionals.
- Cornix bot support
Pros
- Free Telegram channel.
- A professional trading team.
- Best performing monthly record publicly available.
- Free crypto education.
- Helps traders diversify their portfolios for massive returns while mitigating losses.
- Update traders on what's happening in the industry.
- Supports credit and debit card payments for most plans.
Cons
- Supports only BTC payments for the quarterly plan.
- Supports fewer exchanges compared to competitors.
10. 2Moon
Fee: $297 per month, $397 quarterly, $597 every seven months, and $997 for a lifetime package
Signal Type: Telegram
Notification Frequency: Over five signals weekly
One of the best crypto signals that has tried to live up to its name since it was established is 2Moon.
Just like its name, 2Moon has been consistent in delivering high-converting signals since 2017 that are carefully analyzed by a group of three experts. This team of experts analyzes both market data and announcements of different crypto projects that have seen it deliver over 80% accuracy to date.
The signal provider also has a professional support team that is ready to address all enquiries and queries in the shortest possible time.
Not only does 2Moon provide trade signals for Bitcoin and other altcoins, but the group also gives customers a heads-up about upcoming token sales a few days before the launch date.
Features
- Shot, mid, and long-term signals.
- Interactive user interface.
- Supports mainly Binance and BitMEX.
- LiveChat widget
Pros
- High success rate of upto 80%.
- Offers 24/7 customer support.
- Signals are adequately analyzed.
- They do not engage in pump-and-dump projects.
Cons
- No automated bot is available
- Zero crypto education.
- Supports only Binance and BitMEX.
How to Choose the Best Bitcoin Trading Signal
Since there are tons of individuals who claim to be providing the best Bitcoin trading signal, it is important that you use the following criteria below to select a reliable trading signal provider for the cryptocurrency in order to have a memorable experience using the service.
All factors listed below are important in selecting the best trading Bitcoin signal providers given that the competition in trading signals is becoming stiffer as the days go by.
Since you will be investing your money in the trade calls made by these experts, the hard work required is to carefully select the best because any mistake could see you lose more than just the subscription fee.
Cost of Entry
There are paid and free trading signals in existence. It is believed that paid signal groups usually provide better signals than their free counterparts. It is advisable to choose a paid signal provider over a free one because the payment motivates the signal providers to offer their best.
While some free crypto signal providers may have good intentions, others may likely take advantage of their large following to run a pump-and-dump group.
These signal providers usually purchase a large amount of a particular coin first before giving out the signal, which would see the price of the asset soar as more traders join the trade, and subsequently dump their holding in the market thus causing the price to plummet.
Source of Signal
Since you will be investing your money in a cryptocurrency based on the trade call made by the signal expert, it is important that you find out how the signals are arrived at.
You need to understand whether the expert usually conducts FA, TA, or the combination of both for cryptocurrencies before giving out calls, or whether they arrive at the decision based on mere instinct.
An expert that considers the crypto’s FA alongside its TA at all times would definitely provide better signals than another who only analyzes the assets’ technical analysis.
Performance
Another important thing you should look for in a signal provider is his or her past successful trades. It is impossible to see an expert that claims to have a 100% success rate. As a matter of fact, you should be wary of such a provider who boasts of such a feat.
Ensure the performance of the expert is good, with his or her profit recorded surpassing the losses. The signal provider does not need to blow his trumpet for interested participants, his achievements in the space will speak for him.
Read the Terms and Conditions
Although some experts may have better signal services, there could be some hidden clauses added to the T&C that could bring about issues between the client and the owner of the signal platform.
Sometimes, an extra charge requirement may be embedded in the platform’s T&C and intending members who are in a haste to get registered may neglect to go through the document.
Ensure you clear things up with the operators and ask questions where necessary, especially about things related to the service you’re not clear about.
Research on Signal Providers
Like every other business, the owners of crypto signal platforms always claim to be the best there is in terms of offering trade signals that have the potential of bringing maximum returns..
Some may go as far as providing pictures they designed themselves to make you believe their service is second to none.
However, do not get carried away or misled by these claims. You need to conduct due diligence to know whether they are what they claim to be. You can do a Google search to find out what existing members are saying before subscribing to the service.
How to Get Started With a Trading Signal
Learn Crypto Basics
You must get started with cryptocurrency before considering trading or subscribing to a crypto signal service. This is because most of the terms that will be used may seem too complex for a cryptocurrency newbie.
While some signal packages also come with crypto beginner guides, many providers do not have such an initiative, as they tend to believe their trade calls will be easy to understand for everyone.
You can also use the recently launched WatchList feature on Bitcourier’s coin list to monitor the price of your favourite cryptocurrencies.
Select the Best Trading Signal
After getting a clearer picture of how trading works and you are sure that you’re ready for what comes next, you may want to consider using a crypto signal provider if you don’t know how to analyze the market.
Despite the list of trusted and reputable crypto signal providers, you should also conduct personal research to determine the best one to use. Choosing a reliable signal provider is instrumental to your success as a crypto trader.
Meet Signal Provider Requirements
The requirements for signal providers differ in terms of fees, supported exchanges and platforms, etc. If the provider is someone who usually drops trade calls for Binance and you are a committed KuCoin trader, you may want to consider creating a Binance account in order to follow through.
Execute Trade Calls
Last but not least is to execute the trade calls given by the signal provider almost immediately after the call was made. If you didn’t get the notification in time, inform the signal provider to review the call and give you a new entry-level to join other traders to reap from a possible profit from the signal.
Conclusion
This article listed and reviewed the top ten crypto signals that are currently available in the market.
Although the majority of the providers on the list are paid channels, some are free. This is so because paid signal providers are considered the best, as these experts would require some sort of fee for their service. Free signal platforms may offer quality trade calls, but their success rate cannot be compared to paid ones.
Conduct due diligence to select the best from the listed platforms. If you’re a crypto newbie, try and acquire basic crypto knowledge, especially knowing some crypto terms and abbreviations, to get you started.