What is Discord? Discord is an open-source application that was designed by gamers to communicate with other gamers. However, since its development, Discord has expanded into a broad social forum which I would describe as Twitter meets Reddit. Today, we’re even seeing Discord crypto trading groups, which is the topic of our discussion.
Discord has all of the sharability of Twitter, with the organized forums of Reddit. More importantly, it is another social sharing app where you can interact with interest groups; and this includes cryptocurrency trading and investments.
If you are new to Discord, then there will be a learning curve, but it is not a steep one. But first, you will need to create an account and profile, and many of these groups work with invitation codes or require some kind of vetting process. Invitation codes are designed to avoid shilling, spamming, violence, and to keep the conversation on the topic.
It is not surprising that Discord has many groups interested in cryptocurrency and decentralization. Cryptocurrency owes a lot to gamers and their ingenuity, both in terms of traditional centralized servers and newer decentralized models of gaming.
Discord offers specialized groups, or channels so that you are connecting with the right interest group. So what groups and channels should you join if you want to leverage the free social trading platforms of Discord?
Naturally, there are loads of different Discord crypto groups you can join. But whether you have been using the platform for years, or you are in need of a new community to talk cryptocurrency, here is a list of 8 groups on Discord where you can find cryptocurrency advice.
This list is brought to you largely by Dan Price, so a big thanks to him for getting this list going.
1. Cracking Crypto
Cracking Crypto has the most diversity in terms of channels within the group. So, if you have cryptocurrency questions, someone in some group has answers.
The group also has several channels dedicated to crypto signals. Each crypto-signal channel is operated by someone who considers themselves a specialist in that cryptocurrency.
Using signals is helpful for all kinds of reasons, especially just to see what others in the market think about specific tokens, ICOs, and other currencies.
But take signal information with a grain of salt, and make sure you run your own technical analysis. Don’t just hop on any old bandwagon, signals are helpful but they are not a sure thing.
There are also bot channels that offer automated news, price movements, news on ICOs and airdrops.
2. Elite Crypto Signals
Elite Crypto Signals is a group focused on suggested buys and sells and also offers signals. There are also other channels in this group, but they do not get as much attention.
Elite is a very organized Discord crypto trading group, and you can even buy premium signals that have a higher probability of return for $30 USD a signal.
There is a good chance that you will get some good intel in Elite because it has a large number of focused investors. But, like our signals, it is always important to be wary of buy and sells. This is especially true if there is a price for them because while they may be premium, there are no guarantees when it comes to signals. Always proceed with intelligent caution.
Once you get to know the personalities on the channel you might be able to gain a greater insight into the market. However, this kind of social sharing is always a risk. And if you are interested in a smarter way to buy signals, then you should check out the HedgeTrade trading app as well.
3. Crypto Rand
If you are looking for market analysis and research, then consider joining Crypto Rand. This account has been established for a couple of years, and the controls and members of the group have some solid information. The group has several thousand members, mind you.
The two main servers are Public Discussion and Public Charts; Discussion offers advice and Charts give you the analytics.
This group also has a channel for memes and other lighter content as well, if you can’t resist. But moderators will keep you in check if you dump a bunch of junk on there.
As the name denotes, r/Decentralization is a group interested in decentralized projects. The group started off on Reddit and continues to have a huge following and contributors to Discord as well.
Given that decentralization is the umbrella of conversation in this group, there are only a few channels dedicated to cryptocurrency. But that doesn’t mean this group isn’t helpful.
You can also check out related cryptocurrency and decentralized issues which include: news, mining, and blockchain technology. And when dealing with digital currency, it doesn’t hurt to be in the know of the tech that provides the foundation for your favorite cryptocurrencies and projects.
This group is also particularly helpful if you are looking for work or your company or projects are hiring because there is also a channel for posting decentralized/cryptocurrency-related jobs
This channel is more specifically for those who are developers. r/CryptoDevs is a group for those working in the crypto-industry or who are developing related projects. So the conversation can get quite technical on these channels.
For those of you working on similar crypto/dev projects, or if you want to educate yourselves, you can find people who work on smart contracts, core blockchains, crypto research, crypto science, and crypto-based UI projects – you name it!
A few of the channels you can find in this group are dev tools, web3 dev, vyper dev, evm dev, and even game dev.
There are also platform-specific channels: Zil, Near, and Steem. And there is a room for marketing and public relations news.
r/CryptoDevs is a comprehensive channel for developers and the like, and therefore a great resource.
You may recognize the name r/CryptoCurrency from the largest crypto group on Reddit.
As this is a very popular Discord crypto group, you will need an invitation code. Once you have that, you then need to earn access to all of the channels/rooms on the server. So, when you start you only have access to the following rooms: General, Traders, Charts, Resources, Mining, and Developers.
Because this is a large group, they moderate to control spamming and other such nonsense, so it maintains the quality of the group. However, you can level up by interacting appropriately within the group. This will give you access to a more refined and serious collection of cryptocurrency users and investors.
Spacestation’s focus is Ethereum and is one of the most popular crypto Discord servers. However, you can come here to chat about anything in the crypto-space, including miners, developers, traders, enthusiasts, and other cryptocurrencies.
Mind you, the server started as a place for ETH miners to meet and discuss issues, but it has since expanded to a broader audience of cryptocurrency-related issues.
Never fear, there is still a dedicated Ethereum chatroom.
An added bonus is that you can now find channels with chart analyses and technical trading intel as well. And there are also rooms for equities and the traditional markets, and even a room for sports.
8. Pure Investments
Pure Investments are kinda like those fancy lounges at the airport – you need to be a card-carrying member, and once you are in the perks are marvelous!
Given that this group is trying to keep the conversation at a higher level, it can be trickier to register than the other crypto-servers on this list.
To join, you need an invite link, and then you must leave a note and a statement of why you would like to join the group.
This is not the place to post your favorite memes! This is a group invested in investing, so you won’t find many trolls or nonsense in this group. That said, you might not be patient or persistent enough to make it past the gatekeeper.
Official Discord Crypto Channels
Also, many cryptocurrencies have their own servers, so if you have a coin or project you are watching then check out how they are sharing updates and such. But make sure to do research beyond their official server.
Naturally, their channel and information they offer are going to give you a positive spin on the project. But some of them will also keep you up to date with the updates and issues as well.
If you are thinking of investing in a project or coin, then it is always best to get a few perspectives on it first; which is where the groups I have listed in this article come in handy.
Discord started as an app for gamers, and can now be used to connect about anything your heart desires! That may mean that this Discord just one more social networking or trading site for you to become addicted to.
I will leave it up to you to decide if that is a good thing or not.
Here are my tips for getting the hang of Discord or for refining your social platform addictions:
- I prefer using the phone app then operating it on a laptop/desktop. The app is easy to manage, send messages on, and read the latest posts.
- It is a very informal system, so it is super easy to chat and type with a smartphone.
- Get your notifications setting right! There is nothing that bothers me more than inane notifications. So if you want to make the most out of the app for investing and crypto-trading, then go to your settings and be sure you are set up to only receive the notifications that you want.
- Avoid the void! There are literally endless vistas when it comes to Discord, much like Reddit and Twitter. Start with 2 or 3 of these groups and try each one out for a while. Once you have made a decision then move on to the next phase.
- Be smart! There is a lot of noise out there, even on the quality Discord channels. If you are looking for trading advice be sure to take others’ advice in stride and do your own research and analysis.
- You can learn about a lot of cool projects here, but sometimes it is hard to avoid a lemon. This is a real risk with new projects of any kind. This is one of the benefits of Discord, it can help you connect with currency users and get their thoughts on the token or project.
Finally, Discord crypto trading groups represent just one way to learn about cryptocurrency investments. Each individual cryptocurrency is amazing because they are a real community project, which means users are typically pretty effusive.
That doesn’t mean you need to take the advice of every load voice on any one social app. Build a community of those you can trust, and ask whatever questions you need to to get the answers you want. This is what Discord is best used for!