Joy Wallet is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. To read our full disclosure, click here.
I recently received an enthusiastic text from a family member: “I have been learning about investing in crypto. I think that the most promising one out there is called Cardano."
He explained his near certainty that the cryptocurrency would skyrocket in the next five years and encouraged me to invest. But he closed his message with a hedge: “I hesitate to tell you this because if it goes down… well, there is risk… but hopefully you wouldn’t blame me!”
There’s no shortage of advice about cryptocurrency trading, from familial texts to articles on the subject to tweets from tech billionaires. But for those looking for straight dope from experienced traders, one of the best places to turn is cryptocurrency trading signals.
Crypto signal services offer trading strategy and advice, ideally from those who are in the know and can tell others how and when to buy a particular cryptocurrency. The signal contains details about which cryptocurrency to buy, at which price to buy, the sell-targets, and at which price to set the stop loss.
Most signals are transmitted via Telegram channels and groups and are specific to particular crypto exchanges. You must have an account with that exchange to trade based on a signal related to a specific exchange, such as Coinbase, Binance, BitMex, or Bittrex.
While many crypto signals are free, most have premium signals that members can opt to pay for to receive exclusive, high-value signals that the non-paying members don’t have access to. Many premium memberships also come with extra educational and community resources that can enhance the trading experience.
There are myriad cryptocurrency signals to choose from; finding one you like can take some trial and error. Here are a few good possibilities to start with. See the descriptions below the chart for more detailed information about each.
Signal
Best for
HIRN Signals
Binance spot trading
Crypto Quality Signals
Altcoins trading
Verified Crypto Traders
Sophisticated traders
Universal Crypto Signals
Traders looking for analysis
Fat Pig Signals
Newbies and people with a sense of humor
Rocket Wallet
Margin trading
Signals Blue
Newbies and traders seeking support
Learn2Trade
Those looking to learn
HIRN Signals
HIRN Signals is well known for its great performance, especially for Binance spot trading. All signals are automated; HIRN uses artificial intelligence (AI) and algorithms to optimize and reduce risk continuously. Signals are generated via technical and fundamental analysis, and analysis is based on official sources for each coin.
Crypto Quality Signals
Established in March 2018, Crypto Quality Signals (CQS) offers advice to assist all trading strategies. CQS has a large number of supported exchanges and supported trading pairs, so it’s particularly good for altcoins trading. Working with trading indicator service Vertical Traders allows CQS to offer indicators, analysis, automated alerts, and trading bots.
The service has two paid tiers: Silver for $10 per month and Gold for $30 monthly. While it doesn't offer a trial, Crypto Quality Signals offers an "unconditional" money-back guarantee if you're unsatisfied with the product in the first subscription month.
Verified Crypto Traders
Verified Crypto Traders, started in 2017, is one of the oldest crypto trading signals providers. It is also the only signal to be registered within a legal framework with the Chamber of Commerce of the Netherlands. The team comprises experienced traders from the Netherlands, India, the USA, and Poland. VIP channels focus on the scalp (short-term) and swing (short- to mid-term) trading, and the VIP platinum club includes videos and chats that surface educational material and conversations.
All of this will cost you, though. Verified Crypto Traders has various pricing tiers: One month for $99, two months for $270, six months for $540, and one year of subscription will cost you $999.
Universal Crypto Signals
Universal Crypto Signals, founded in 2018, provides Bitcoin signals with various analyses, including Bitcoin analysis, cryptomarketcap analysis, and BTC dominance analysis. And they are always on the lookout for undervalued crypto options to recommend. Members can opt for fully automatic and semi-automatic plans. Occasionally they also advise what percentage of their portfolio members should have in various types of crypto.
The company has six paid monthly plans ranging from $66 to $155. You can also pay for these plans in three, six, and 12-month increments, saving you a few bucks.
Fat Pig Signals
Fat Pig Signals is led by experienced traders with a sense of humor; it’s the most lighthearted signal option on the list. Reviewers report that the channels’ conversations are fun and engaging, with a dark sense of humor, despite the technical subject matter. Fat Pig Signals offer short-, mid-, and long-term signals and portfolio management. The channel reaches worldwide and offers 24x7 customer support.
Fat Pig Signals' Bronze tier costs $640 for three months, the Silver plan is good for six months and costs $960, while Gold will set you back $1,600 for a 12-month membership.
Rocket Wallet
Rocket Wallet is led by experienced traders from France and is available in English, French, and Spanish. The VIP group claims more than 70% accuracy with an average of three daily trades. Rocket Wallet supports auto trading and provides signals for spot trading and margin trading, including Ethereum (ETH) trade signals. The group exists solely on Telegram.
Signals Blue
Signals Blue is run by a trans-Atlantic team with considerable experience and knowledge of crypto and provides highly precise crypto signals. The team promises unlimited support, and users have received reliable responses and high-quality answers to difficult questions. Signals Blue reported 88.24% accuracy in December 2022 across 17 crypto signals.
The service's one-month premium plan costs £229.99, and the six-month package is £449.99. There's also a lifetime plan that goes for £899.99. These prices exclude integration for Cornix, a popular robo-trading solution, which costs an extra £19.99 for a month, £49.99 for six months, and £99.99 for a full year, respectively.
Learn2Trade
A UK-based service led by professional traders with more than 15 years of experience, Learn2Trade offers forex and crypto signals, and claims it makes four to five accurate daily signals. The team provides lots of information and training opportunities, including daily analysis and weekly webinars to help traders in their network learn.
A one-month subscription costs £40, a three-month membership costs £89, while a six-month subscription will set you back £129. There's also a 12-month plan and lifetime membership, costing £215 and £399, respectively.
I don’t know how to trade crypto. Is this over my head?
Signals are informative for traders who understand the basics of crypto trading, including the characteristics of different currencies, how exchanges work, what a stop loss is, and other vital information. You can get the basics by tapping free resources around the Web or taking a paid course. Then, once you start investing in crypto, you’ll be ready to access the great, wide world of cryptocurrency signals to help you figure out how to take advantage of the market.
Why should I choose one cryptocurrency signal over another?
As you can see in the chart and listing here, different signals have different strengths, so which you choose will depend on what you’re looking for. There’s also the question of trust and reputation. Some crypto signals are not trustworthy; for example, they might be trying to boost investment in a certain cryptocurrency as part of a “pump-and-dump” scheme. In pump-and-dump, a group of investors purchases a currency all at once, causing the price to jump, then sell as soon as the price has risen, making a fast buck.
Can traders get good value from free signals?
Free signals may be free for you, the subscriber, but that doesn’t mean they’re low quality. The free signals are part of a profit-making enterprise for signal providers. Signals generally will require you to sign up with a broker they choose so they can earn a commission when you trade. They also depend on the quality of their free crypto signal to inspire people to pay monthly or annual fees for their premium packages. So signal providers have every incentive to provide high-quality signals, even on their free channels, allowing subscribers to take profits.
Why should you use crypto signals?
For many reasons, those looking to trade in cryptocurrency should use crypto signals, especially free channels. Here are a few:
Signals can make you money. Crypto is on the rise, and those who know how the market works can provide advice to help traders make good profits. The key in that sentence is “know how the market works.” It is easy to align yourself with “advisors” whose bravado is greater than their knowledge — or who knowingly use you for a pump-and-dump scheme — so it’s important to choose carefully and do your homework when choosing signals to follow.
You can leave the research to someone else. You can save a lot of time by finding a reliable and trustworthy crypto signal and following its advice. This prevents you from spending hours researching the markets and various cryptocurrencies, trying to discern the right trade, and keeping track of all your considerations. You're doing well if you can get more profit by following the signal’s advice than you paid to subscribe.
You can learn a lot. Quality crypto signal providers are run by those who know quite a bit about trading and the crypto market. This means you’ll get the chance to learn from them and understand how they go about spotting which trades to recommend. Many providers post the rationale behind their signals so that you can follow along in detail.
For those interested in trading cryptocurrency, crypto signals are a valuable resource. You can find signals that will support your particular needs as a trader, whether you’re a newbie looking for basic guidance or a sophisticated trader looking for detailed analysis and hard-hitting, profit-making advice. The trick is doing your homework to determine which of the many signals there will be a good match for your needs.
Cryptocurrency is an exciting new world for those with a penchant for financial investing or enthusiasm for the digital world of the future. Crypto signals can be an important support in that endeavor.
Joy Wallet is an independent publisher and comparison service, not an investment advisor, financial advisor, loan broker, insurance producer, or insurance broker. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Joy Wallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance.
Our site doesn’t feature every company or financial product available on the market. We are compensated by our partners, which may influence which products we review and write about (and where those products appear on our site), but it in no way affects our recommendations or advice. Our editorials are grounded on independent research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
We value your privacy. We work with trusted partners to provide relevant advertising based on information about your use of Joy Wallet’s and third-party websites and applications. This includes, but is not limited to, sharing information about your web browsing activities with Meta (Facebook) and Google. All of the web browsing information that is shared is anonymized. To learn more, click on our Privacy Policy link.
Images appearing across JoyWallet are courtesy of shutterstock.com.
Katherine Gustafson is an author and personal finance expert from Portland, Oregon. She writes about investing and havs written for Forbes, Business Insider, TechCrunch, and LendingTree.
Share this article
Find joy in your inbox.
Exclusive promotions, rewards and insights on the journey to financial freedom. Earn & save more today.