The best cryptocurrency portfolio trackers assist investors or traders in active decision-making and adjustments.
Most offer sophisticated presentation and analytic tools to enhance consumers' ability to strategize with their crypto holdings.
What Is a Crypto Portfolio Tracker App?
Using a cryptocurrency portfolio tracker, you can keep track of the total number and value of your digital currencies in real-time across wallets, exchanges, platforms, and blockchains.
You can keep track of historical transactions, their value, and their starting or ending points.
They also offer any real-time Bitcoin pricing that they support. Some people favour trading assets stored on numerous exchanges on a single platform.
Benefits of a Crypto Portfolio Tracker
Many Bitcoin traders divide their funds across numerous exchanges and wallets.
Additionally, each cryptocurrency's value varies constantly, just like traditional currencies. The fact that the cryptocurrency market is open 24/7 does not assist the situation.
As a result, you will need to spend more time on asset management as you add more assets to your portfolio. Managing multiple exchanges' worth of several assets becomes a laborious and inefficient step.
Portfolio trackers help manage your investments and keep track of price changes in one location. You won't need to sign in repeatedly on various platforms if you use them. Regardless of the traders' degrees of experience, this solution works.
Your investments will be simpler to manage if they are on the same platform.
CoinMarketCap
An automatic journaling and analytics application for cryptocurrency traders is called Coin Market Cap.
View comprehensive, relevant analytics of your trade history to enhance your ability to make decisions and perform better as a trader.
Utilizes READ-ONLY API credentials to integrate with your exchange accounts. It is compatible with Bittrex, BitMEX, Coinbase, Bitcode Prime, Binance, and Deribit.
Many of its customers value this feature, which makes it their preferred cryptocurrency portfolio tracker.
CoinTracker
With CoinTracker, you can monitor your portfolio allocation and real-time investment performance for tax purposes. The platform controls more than 300 exchanges supported by about $10,000.
One of the best programs for filing cryptocurrency taxes is CoinTracker, which provides tools to assist you in adhering to the regulations. When you need it, you may quickly obtain your crypto tax report.
Additionally, the platform offers assistance to users from the US, UK, India, and Australia and partial help to users from other countries.
Numerous packages for the CoinTracker service are available. The packages available are free, enthusiast ($14/month), pro ($99/month), and bespoke ($99/month).
Heavy users and businesses should choose the customized service, and each user will pay a different charge.
CoinGecko
CoinGecko provides a fundamental analysis of the cryptocurrency market.
It keeps track of community growth, open-source software development, key events, and on-chain indicators in addition to price, volume, and market capitalization.
To help traders manage their holdings of cryptocurrencies and Defi, CoinGecko also offers a crypto portfolio management tool.
CoinTracking
To produce statistics on your profit and loss, the price of your coins, taxes, and much more, CoinTracking evaluates your trades and data from more than 50 wallets and exchanges.
It is simple to control your trades across different exchanges. This is possible thanks to the platform's ability to organize your trades according to the unique exchanges you use.
Price plans for CoinTracking vary and range from $60 to over $1,000. You can import up to 200 deals with the free package, which is suitable for novice traders.
CoinStats
With Coinstats, you can manage your digital assets in one location. You may connect to exchanges like Binance, Coinbase, Bitmex, and many more thanks to the service's support for several platforms.
You can only link five portfolios to Coinstats' free package, which excludes you from many additional advantages. The premium option, which costs just $7.49 per month, is recommended by specialists.
On the platform, you can also request a custom package with certain features.
Conclusion
Managing the growing amount of cryptocurrency investment opportunities won't be challenging thanks to crypto portfolio trackers. These trackers also provide other advantages like analytics, statistics, and other services that can be helpful for your transactions.
To choose the app that works best for you, you should test each one that has been recommended.