What are Crypto Portfolio Trackers?
An app or web page that enables you to follow the worth of your cryptocurrency investments (for example, BTC, ETH, XRP, etc.) is known as a crypto portfolio tracker.
This enables you to gain an improved understanding of the actual value of each of your tokens at the moment.
The applications operate by monitoring the transactions happening on the blockchain, so that you can understand precisely the status of your account at any moment.
Factors To Consider When Choosing A Crypto Tracker
The following factors should be considered when looking for a crypto portfolio tracking application:
1. Intuitive Design and User Experience Features.
Crypto portfolio trackers may release novel functions from time to time when necessary, whereas some offer a simpler range of options. Ensure that the program selected has all of the elements necessary to obtain the specified data.
You’ll want to make sure you have the option to adjust your dashboard to your preferences. Applications provide the opportunity to customise the design and style to fulfill your individual needs and tastes.
2. Cross-Platform Compatibility
You should select an application that is compatible with both iOS and Android, but also has a web version that can be used from any location, such as your workplace or school.
Most tools need the use of cloud storage which will enable them to be accessed online, but some require that you download their program onto your computer. This may not be suitable depending on the guidelines of your workplace or educational institute.
3. Ease of Use
Some applications are simpler to utilize than others, so you’ll require discovering one that works for your level of familiarity.
When managing multiple portfolios, it is important to make sure that the program remains straightforward and user-friendly, even when more portfolios are included.
It’s a good idea to pick an app that doesn’t have too many faults or errors when bringing in information, since these can interfere with the program’s operation and make it hard to use.
4. Customer Support Features
It is important to pay attention to the customer support when selecting a portfolio tracker, particularly for those users who are inexperienced with monitoring their resources.
If you ever have any difficulty with information transfers or don’t know how the program functions, speedy assistance will let you get back on track without having to wait for a long period of time.
Finding the most efficient crypto portfolio tracker for your purposes is key, hence why the quicker support team replies, the more beneficial it will be.
5. Number of Currencies Supported
An increased number of currencies covered by a portfolio tracker will increase the likelihood of locating an application that satisfies your requirements. Certain choices will only give you the ability to monitor chosen token types, but you will be able to look at more than 20000 different digital currencies.
It can be a lot to take in, but certain programs are able to manage loads even larger than that and still provide quick and effective information updates. The ultimate outcome is contingent on what is required for success.
Various portfolio trackers are available to simplify the task of purchasing NFTs. This could be something to take into account when deciding.
6. Ability To Sync Across Different Devices
A reliable crypto portfolio tracker will keep your data up-to-date across multiple devices. An ideal crypto portfolio management application should be able to be accessed from any device in a timely manner, no matter where you are located – at home, work, or out and about.
You should take into account if the crypto portfolios will be supported by cloud backups and synchronization when picking the appropriate tracker.
7. Analytics Features Dashboards
An app for keeping tabs on one’s cryptocurrency investments should offer in-depth analysis of the portfolio’s results, showing the current value of every digital currency owned and any money made or lost in the process.
The most impressive portfolio tracking software will offer insight such as when is the optimal time to purchase or dispose of certain currencies. This can assist you in making better decisions when investing in options such as Initial Coin Offerings and trading different digital currencies.
8. The Ability to Integrate With Other Tools
When selecting a cryptocurrency monitor, you should confirm that the app enables the inclusion of third-party apparatus and data.
You have the choice of utilizing APIs from exchanges so you can download a log of your financial resources, which permits keeping tabs on your investments in a straightforward manner.
In addition, the most efficient tools employ a DeFi aggregator to compile a number of transactions concluded on multiple platforms.
Furthermore, certain cryptocurrency portfolio monitors offer the capability to unify with Bitcoin extraction programs for the legal monitoring of any potential expansion to your aggregation using this approach.
9. Number of Supported Exchanges
It is essential to take into account the amount of exchanges that your cryptocurrency portfolio tracker supports.
Certain applications will only permit you to keep track of your coins traded on one or two bourses, whereas other programs will provide you with access to data on a range of exchanges.
It is important to select an application that can access all of your various trading accounts, therefore, you won’t miss out on any investment opportunities which can be of benefit to you over time.
10. Journalling capabilities
A useful but not often seen capacity in many crypto portfolio-monitoring applications is the option to keep a record of your transactions. By doing this, you are able to monitor the reasons why a certain investment was chosen and what drove it, displayed in a chronological order.
Going over your investments again will be made easier by being able to view all of the significant details regarding every action that occurred. You will be able to perform the activities that succeeded and get rid of the ones that didn’t.
Not sure which portfolio tracker you should download? We have compiled a selection of our top picks for portfolio tracking applications, in addition to helping you identify the most suitable portfolio tracker for your needs.
Best Crypto Portfolio Trackers
Ready to get started with a cryptocurrency portfolio tracker? Examine our prime picks for this year and prepare to handle your investment portfolio in a more competent manner.
1. CoinStats
Who’s it for? CoinStats can be of great assistance to people who want to keep tabs on their crypto, DeFi, and NFT investments all from the same spot, whether it be a large or small portfolio. We couldn’t discover any other portfolio monitor which provides compatibility with as many wallets and exchanges.
You have the option of utilizing the free plan which allows up to 1,000 transactions and 10 connected portfolios, or you can go with the premium plan and pay $2.49 a month.
If you want to be able to keep a close eye on and easily manage a group of different digital currencies, DeFi tools, and NFT items, CoinStats is the perfect choice. Here you have the opportunity to connect an unlimited number of portfolios (wallets and exchanges), including:
- Binance
- MetaMask
- Trust Wallet
- Coinbase
- Kraken
- Kucoin
- Bitstamp and 400 others.
The system also works with more than 1,000 DeFi frameworks on more than 10 blockchain networks.
CoinStats is a comprehensive portfolio monitor that offers users the ability to purchase cryptocurrency straight on the program, link wallets and exchange accounts to track investments, and make money from their investments by participating in staking or capitalizing on the NFT market through its CoinStats Midas tool.
CoinStats is a top crypto portfolio tracker in the industry, boasting over 1.2 million users and having overseen more than $100 billion in portfolios being managed on the platform.
Get the mobile app or contact the customer service team if you need more information while taking care of your portfolio and moving around the DeFi environment.
2. Covey
Who’s it for? Those wishing to observe how more experienced investors conduct themselves and follow their virtual cryptocurrency investments on multiple crypto exchanges.
Price : Free to create an online portfolio
Covey provides connection to a network of researchers, granting free access to a blockchain-supported system that gives anyone regardless of their experience the opportunity to construct a simulated portfolio. Your selection of investments for your portfolio can only be made of cryptocurrencies, or if you like, other digital assets like ETFs and stocks. This virtual portfolio has been created to give you a clear view of how efficient your strategies are; therefore there is no need to back it up with funds.
Portfolios are visible to anyone, making it easy for traders to create a positive image and reputation. Covey plans to launch their CopyTrading App in the Spring of 2023. Only those in the highest tenth percentile of traders will be allowed access to serve as Money Managers on this application. That offers the opportunity for actual investors to monitor and possibly replicate your collection, which could lead to possible profit in the future.
Best For Cryptocurrency traders and investors
3. Pionex
Who’s it for? Pionex is the perfect choice for people who invest a lot and like the concept of a system that has an integrated trading robot.
Price: Free to sign up with 0.05% trading fees.
Pionex is currently amongst the top contenders for the most potent crypto applications. This company provides a variety of notable trading solutions, such as automated cryptocurrency trading and monitoring of holdings. Are you wondering whether you should invest in a monthly package if you are just starting out trading cryptocurrency with a robot? Think about creating an account with Pionex if you would like to experiment with trading bot capabilities without making a promise. It’s costless to register, begin, and decide on your preferred trading robot. This utility definitely stands out and renders it one of the greatest crypto portfolio tracker applications.
Those bots include:
- Grid Trading Bot allows users to buy low and sell high in a specific price range.
- Leveraged Grid Bot provides up to 5x leverage.
- Spot-Futures Arbitrage bot helps retail investors to make passive income with low risk. The estimated return for this strategy is 15~50% APR.
- Martingale bot performs DCA buy, one-time sell to capture fluctuation profit.
- The rebalancing bot helps you to hodl the coins.
- Dollar-Cost Averaging (DCA) Bot Sets repeated purchasing at regular intervals to offset the effects of volatility.
Additionally, the Smart Trade terminal enables for the configuration of stop-loss, take profit, and trailing in a single transaction.
Pionex is a one-stop shop for cryptocurrency users, as it combines the ability to buy and sell digital currencies with access to a multitude of automated trading bots. As the world’s first crypto exchange with in-built trading bots, you can make the most of its 20 native trading systems. Bots may be placed into four distinct groups: strategic, optimistic, pessimistic, or level. The platform charges a fee of 0.05% for both makers and takers. There is a great selection of bots available on Pionex, and its system is straightforward to program, making it a perfect choice for inexperienced investors considering whether a trading bot might be right for them.
Best For High-volume Investors
4. InvestorsObserver
Who’s it for? This is an ideal solution for investors who want to monitor their entire portfolio in one place.
Price? This platform provides various levels of services ranging from without cost to $14.97 per month for the highest quality.
Once you have made the decision to create your cryptocurrency portfolio, it is vital to obtain pertinent financial data that you can use when the market changes. Studying is fundamental, and that is where InvestorsObserver can provide you with help.
Examine InvestorsObserver to follow cryptocurrency resources, receive notifications, and benefit from the essential knowledge of the group that will guide your crypto investments.
Different types of traders, from large institutional investors to individuals, have access to a wide range of tools. You can:
- Check reports released by crypto projects
- Read educational resources
- Review asset rankings
- Read market news items
- Create crypto alerts
Best For All-in-One Investment Information
5. Coin Market Manager
Who’s it for? This crypto portfolio is most advantageous to experienced traders who desire a comprehensive review of their transactions.
Coin Market Manager supplies three levels of cost from no cost to $89.99 a month.
Coin Market Manager is a system that offers automated record keeping and analytic assistance to people who invest in cryptocurrencies. Gain detailed, practical insights about your trading that will help you make smart decisions and enhance your performance as a trader.
Safely connects to your exchange accounts through READ-ONLY API keys. Works with Binance, Bybit, Deribit, BitMEX, FTX, Coinbase, and Bittrex. The noteworthy capabilities of this crypto portfolio tracker are extremely valued by its users, which is why it is a favorite of theirs.
6. Sharesight
Who’s it for? Individuals investing in multiple markets beyond their native one can benefit greatly from Sharesight, which provides access to 40 exchanges worldwide.
This platform offers four different prices, starting at no cost and going up to $23 every month.
You can track 8 different cryptocurrencies in Sharesight:
- Bitcoin (XBT)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Stellar (XLM)
- Dash (DAS)
- Monero (XMR)
- Bitshare (BTS)
Prices are changed at 5 minute intervals, and the present cryptocurrency prices are acquired through Open Exchange Rates’ Application Program Interface. You can take advantage of Sharesight’s functionality for performance and tax reporting, as well as insightful reports such as Performance, Portfolio Diversity, Contribution Analysis and Future Income (encompassing pending dividends).
Although Sharesight brings advantages, its very limited selection of digital money makes it unsuitable for people who desire to have a variety of different alternate coins.
Best For International Investors
Control Your Cryptos
Cryptocurrency is an exhilarating new investing opportunity – and it’s never been easier to begin with a portfolio monitor or an individual trading platform. It is essential to keep in mind that cryptocurrencies remain an extremely unpredictable market and it is feasible to suffer losses rapidly.
Do your research carefully before investing in any type of security. Always keep in mind to not put in more money than you are willing to part with.
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