How Do I Use CoinMarketCap?
On CoinMarketCap, you will be greeted with a list of the top cryptocurrencies sorted by market capitalization.
Let’s define some terms that will help you understand how cryptocurrencies and exchanges are presented on the site.
For cryptocurrencies, there are two terms that we use to differentiate them: Coins and Tokens.
- A coin is a cryptocurrency that can operate independently.
- A token is a cryptocurrency that depends on another cryptocurrency as a platform to operate. For example, an ICO conducted with the ERC20 token standard on Ethereum is on the Ethereum platform until it launches its own mainnet.
You can check out the crypto tokens listings to view a list of tokens and their respective platforms.
Every cryptocurrency you see on CoinMarketCap will have a price. This is the aggregated price from all the markets (or trading pairs involving that cryptocurrency from each exchange) that we track for each cryptocurrency. For example, for Bitcoin, you will see hundreds of markets.
If you are interested to know the details of how prices are calculated, you can refer to the Market Data section of the methodology for detailed information.
For each cryptocurrency, there are a few terms used to determine the number of cryptocurrencies in the market – based on how many were created and how many are currently in the hands of investors.
- Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public\'s hands.
- Total Supply is the total amount of coins in existence right now (minus any coins that have been verifiably burned).
- Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
In order to ensure accurate market cap rankings, we work closely with teams and developers to verify supply details on their respective blockchains. If a question mark shows up, it means that we have not sufficiently verified the circulating supply and resulting market cap yet.
Putting these together, Market Capitalization is one way to rank the relative size of a cryptocurrency. It\'s calculated by multiplying the Price by the Circulating Supply.
Market Cap = Price X Circulating Supply.
You will find helpful links that will help you dive into the cryptocurrency. Other than the cryptocurrency’s rank, you can find links for its website, block explorers (to check transactions or wallets by “exploring” or querying the blockchain), message board or forum if you’d like to participate in their conversation, source code, and technical documentation or white paper. Click through each of them to get a deeper understanding of each cryptocurrency.
On the right of that, you will see the price, market cap, rolling 24-hour volume, and supply information. Volume is an important metric that will help you to determine how much of the cryptocurrency is being traded on exchanges, something that you should keep in mind if you are looking to trade or invest in a cryptocurrency.
You will also find blue buttons from partners to help you more quickly access services that might be useful; for example, to buy the cryptocurrency, to use a wallet, or get a loan based on the crypto that you already own.
Charts are a visual way for you to interact with price, market capitalization, and volume information.
- You can click or hover over each point to check the information at that point in time.
- Using the Zoom option, you can choose a time frame to focus the data on – or type in the specific time frame on the right.
You will find other pertinent information here as well.
- Category is the type of exchange; whether it’s spot trading or derivative trading.
- Fee type tells you what type of fee each exchange charges.
- No fees: No fees are charged by the exchange.
- Percentage: The exchange takes a small percentage cut of each trade.
- Transaction mining: Users trade to “mine” an exchange coin from each trade.
What are the ** (double asterisks) I see on the volume number?
When no fees are being charged at the exchange, it is possible for a trader (or bot) to trade back and forth with themselves and generate a lot of "fake" volume without penalty. It\'s impossible to determine how much of the volume is fake so we exclude it entirely from the calculations.
What are the * (single asterisks) I see on the price number?
When we are unable to verify the prices for each exchange, or if the price on the exchange varies too much from other exchanges, we exclude them so as to ensure that the most accurate aggregate price is being reflected on the numbers you see on the site.
In the Social tab, you can find social feeds about the cryptocurrency.
In the Tools tab, you can find widgets that you can embed on your own site.
In the Historical Data tab, you can find the OHLCV (open-high-low-close-volume) data for the cryptocurrency over time, which is useful for a general analysis of the trends.
If you need more robust data, such as for backtesting or building an application, we also have an API that you can use.
A cryptocurrency exchange is a business that allow users to trade cryptocurrencies. There are fiat-to-crypto exchanges, and crypto-to-crypto exchanges. On CoinMarketCap, you can find a list of cryptocurrency exchanges operating around the world, which we also rank based on the volume that they process each day.
By tapping on the Exchanges tab on the main page, you can see the list of exchanges ranked by their adjusted volume or reported volume. Adjusted volume is a way to view all exchanges, excluding data that is skewed (too different from other exchanges) or potentially suspicious. As such, you might think of adjusted volume as a way for us to provide a more nuanced presentation of the data, and reported volume as plainly what the exchanges provide to us through their API.
On the individual exchange pages, as with the crypto details pages, you can navigate through each link to the exchange website, the fee structure, community chat, and social channels to get to know the exchange better.
Below, you can see all the active markets that it currently serves. This will show you all the trading pairs by currency based on the 24-hour trading volume, and the actual price of each pair on the site. The category, fee type, and updated time are consistent with the Markets tab on the individual crypto details page.