How to Track Your Cryptocurrency Portfolio?

Introduction

Cryptocurrency has highly grown hence investors need to come up with a better way of monitoring their digital assets. This will help in keeping track of all investments and also aid in assessing the progress being made. There are many platforms that one can use but the most important thing is getting real-time data.

This is because; prices of digital assets keep on fluctuating hence the need for an investor to be updated. There are different types of tools that can be used in monitoring a portfolio hence the need for an investor to carefully select. The most important thing is to base your decisions on reviews and also ensure that you go for a platform with a user-friendly interface.

This article will explore how investors of digital assets can track their holdings portfolio using a coin price tracker, factors to bear in mind before settling on a tracker, and the rationale for tracking portfolios.

What to consider when choosing a crypto portfolio tracker

In determining the cryptocurrency portfolio one considers many factors that will affect the user experience and ultimately the decision of whether to use one tracker over another. The following is a list of key features of any good crypto portfolio tracker.

Safety and Security

The decentralized nature of cryptocurrency means that there is no single entity that controls it. This can be seen as a good thing, as it means that no government or financial institution can control or manipulate the market. However, it also means no safety net if something goes wrong.

This is why it’s important to make sure that any cryptocurrency tracker you use is safe and secure.

Wide Range Of Available Coins And Exchanges

Another important thing to look for in a cryptocurrency tracker is the ability to track a wide range of coins and exchanges. The more coins and exchanges you can track, the better. This will give you a more accurate picture of the market, as well as the ability to spot any potential arbitrage opportunities.

Clean and Clear Layout

A good cryptocurrency tracker will have a clean and clear layout. This will make it easy for you to find the information you’re looking for, and to add and remove coins from your portfolio.

Accurate Data

Accuracy is important in any financial tracking tool. You need to be able to trust the data that you’re seeing, otherwise, you won’t be able to make informed decisions.

Some trackers get their data from exchanges, while others use APIs. Either way, it’s important to ensure that the tracker you’re using gets its data from reliable sources.

Speed

Speed is essential when determining how profitable trade is. Due to time differences, trades can take place on different exchanges at different times. A tracker that updates quickly will allow you to spot these arbitrage opportunities and act on them before they disappear.

Advantages of Using Portfolio Trackers

There are many advantages to using portfolio trackers, including:

They help you to stay up to date with the latest prices
You can see how your portfolio is performing in real-time
You can find arbitrage opportunities
You can set up price alerts
You can track a wide range of coins and exchanges
They provide you with accurate data

Leading Crypto portfolio Trackers

There are several types of trackers available, but not all of them are created equal. Some trackers only allow you to track a single portfolio, while others allow you to track multiple portfolios.The following is a list of some of the leading crypto portfolio trackers.

CoinStats

If you are looking for a cryptocurrency tracker that is simple to use and tracks multiple portfolios, then Coin Stats is a good option.

CoinStats allows you to track your portfolio in real-time and view historical data for each coin. You can also set up price alerts and view news for each currency.

FTX( Blockfolio)

FTX, earlier known as Blockfolio, is one of the best portfolio trackers with extensive features.

It allows you to track multiple portfolios and get real-time data for each coin.

Other features include:

Setting up price alerts
Viewing news for each coin
Viewing historical data
ability to track multiple portfolios

Coin Tracker

Coin tracker comprises well-known cryptocurrency exchanges like Binance, Coinbase, and Kraken. It allows you to track your portfolio in real-time and get detailed information about each coin.

Other features include:

Setting up price alerts
Viewing news for each coin
Viewing historical data
ability to track multiple portfolios

Kubera

Kubera is commonly known for providing all in one financial services but it also has a cryptocurrency tracking feature. It is a great option if you are looking for a tracker that provides more than just tracking features.

It accesses your bank account, asset portfolio, and credit score all in one place. It also offers a free credit report, which can be handy if you are looking to track your credit score as well.

Altrady

It’s advisable for investors who want to trade on multiple exchanges as it offers an all-in-one solution for tracking, analyzing, and managing your digital assets.

Other features of Altrady include:

Tracking of over 3000+ cryptocurrencies
A portfolio management system that allows you to track multiple portfolios
View real-time data and historical data for each coin
Set up price alerts
View news for each coin

Coin Market Manager

Coin Market Manager is compatible with exchanges like Binance, Kucoin, and Coinbase. It allows you to track your portfolio in real-time and get detailed information about each coin.

Other features include:

Setting up price alerts
Viewing news for each coin
Viewing historical data
ability to track multiple portfolios

Vig.io

Vig.io is a portfolio tracker that allows you to track your cryptocurrency portfolio in real time. Building a stock screener is also possible with Vig.io, allowing you to find new investment opportunities.

Delta

Delta is much preferred by the crypto community as it offers to sync with more than 20 exchanges, fiat tracking, and advanced features like price alerts, portfolio sharing, and tax reports.

Other features of Delta include:

Tracking of over 6000+ cryptocurrencies
The ability to track multiple portfolios
View real-time data and historical data for each coin
Set up price alerts
View news for each coin
Fiat tracking
Advanced features like price alerts, portfolio sharing, and tax reports.

CoinGecko

CoinGecko is a popular cryptocurrency tracker that allows you to track your portfolio in real time. It also provides detailed information about each coin, including price charts and market data.

Other features include:

Setting up price alerts
Viewing news for each coin
Viewing historical data
ability to track multiple portfolios

altcoins

altcoins do much better than just tracking cryptocurrency prices. It also enables you to track your ICO investments, set price alerts, and read up on the latest crypto news. All of this is available in an easy-to-use interface, making altcoins one of the best tracking apps available today.

Investors observer

After you have set up your portfolio one needs to follow up on your investments to be in the know of how they are doing. This is where an app like investors observer comes in, it allows you to keep track of your portfolios and get real-time data on each coin.

Some features of this app include:

Setting up price alerts
Viewing news for each coin
Viewing historical data
ability to track multiple portfolios

Conclusion

It’s up to the investors to decide what is the best tracker for them, depending on their needs. Some might prefer an app that just tracks prices, while others might need more features like news and historical data. In any case, there are plenty of great options to choose from.