Investing in crypto can be rewarding, with some currencies showing massive growth over short periods. However, investing in cryptocurrencies could be riskier than other digital assets like stocks and bonds; there are many factors to consider, and high levels of volatility can affect your portfolio's value. A cryptocurrency portfolio tracker can be really useful for keeping tabs on the value of your investment over time, but choosing the right one isn't always easy. First, you need to consider the currencies you want to track, how actively you want to track them, and what other functionality you need from the app.
Luckily, several apps are available to help you keep track of your investments and monitor their growth over time.
The Benefits Of Cryptocurrency Portfolio Trackers
The benefits of crypto portfolio trackers are immense. First, they help your trading stay organized and help you see which coins are performing well and which are lagging; this information can help you make informed decisions on your investments. Some trackers also offer features like price alerts, newsfeeds, and more, while some allow you to share your portfolio with others to get feedback and advice from other investors. Using a tracker can help you save time and stay up-to-date on the latest developments in the crypto world.
The top 5 to use in 2022 are listed below:
CoinMarketCap is a very competitive cryptocurrency price tracker since it allows you to monitor the prices and values of more than 11,000 cryptocurrencies. Enter the quantity held, sold, or bought, the time you bought, sold, or received, and the dates to add your coins.
The app obtains its data from over 300 cryptocurrency exchanges listed on its website. It provides competitive graphing and data tools to assist you in planning future purchases and sales based on expected market price fluctuations. In addition, it allows you to make watch lists, set price alerts, and even learn about cryptocurrency. Almost everything is viewable on both the website and the app. Additional statistics for each currency are included in the app, such as 24-hour volumes, market caps over multiple periods, and other performance data for specific currencies across exchanges. You may also manage ICO calendars and receive alerts about key ICOs. Unfortunately, adding wallets using APIs from different cryptocurrency exchanges is not feasible.
Pionex is widely regarded as the foremost portfolio tracker, it is a cryptocurrency trading platform that was among the first to provide free trading bots. Users can use the bots to track and automate their trading, so they do not always have to check the market. It is one of the biggest platforms aggregating liquidity from Binance and Huobi Global. It is a web-based platform that works with all major browsers. Pionex assists traders in keeping track of all their cryptocurrencies so that they may handle everything online without having to move anywhere.
Its features include TradingView charts, a bright and dark mode, customizable time filters, the ability to trade using a bank account, a completely customized interface, and built-in live chat. However, the Pionex bot has imposed several restrictions to control investment risk, like certain constraints while investing in altcoins.
CoinGecko is a huge and well-known crypto data aggregator. This platform allows users to build and personalize portfolios by incorporating DeFi coins and liquidity pools. Furthermore, it enables you to cover a wide range of strategies, such as cautious, risky, long-term HODL, DeFi, low-cap gems, high-risk positions, and so on.
CoinGecko, which is available on desktop and mobile devices, provides real-time pricing data on over 13,000 currencies. Its automation feature allows you to enter several transactions to properly grasp the results. It also includes a free API option for adding live asset monitoring to your website or blog. The CoinGecko Beam, which helps promote transparency on blockchain projects, is one of the platform's standout features. This tool allows you to track and get information on new coins and their evolution. The CoinGecko Trust Score enables you to assess liquidity on trading pairs and cryptocurrency exchanges. This service gives an overview of overall liquidity, operational size, and API coverage.
4. Delta Exchange
Delta is a fantastic app for following both cryptocurrencies and regular stocks. It covers over 300 exchanges and 500 crypto assets and stocks, including ETFs, futures, and funds. It is also very customizable and may be used as a cryptocurrency-only tracker.
The app is well designed and allows you to keep track of all of your assets in one spot. It also allows users to trade and acquire cryptocurrency in-app, which is useful for some. It has a trading bonus, is user-friendly for beginners, and records all investments, not just bitcoin. The advantages of utilizing the Delta portfolio tracker include the ability to clearly examine your portfolio earnings and losses, pre-personalized notifications based on your app activity, and an analysis of your whole trading history. However, there is a lack of graphing capabilities and API connectivity with the Delta portfolio tracker
5. Coin Tracker
CoinTracker makes it simple to keep track of all of your cryptocurrency assets. Discover your market value, investing success, and portfolio allocation in real-time. In addition, your transaction history is searchable and filterable across all crypto services.
CoinTracker also covers over 300 exchanges and 8000+ coins, so its search and filter tools may be quite useful at any moment. It also implies that you will have no difficulty keeping a whole portfolio as you see fit using their software and investing in additional cryptocurrencies as needed. Keep track of your spending and revenue to ensure you don't have to worry about it at the last minute. You may import your data and start making smarter portfolio selections with sophisticated connections with the world's biggest wallets.
A cryptocurrency portfolio tracker keeps track of your cryptocurrencies' overall number and value in real time across all wallets, exchanges, platforms, and blockchains.
These applications allow you to keep track of previous transactions, their values, and their destinations or sources. They also provide the current live price of any cryptocurrency that they support. See how to build a balanced crypto portfolio