There are many types of cryptocurrency portfolio trackers, but not all of them are equally useful or secure. Each one will appeal to a specific group of traders. However, you should still look for 3 basic features of a good crypto portfolio tracker. Because of the decentralized nature of blockchain, it is almost impossible to track a specific wallet, or its contents. This makes it difficult for anyone to reverse a transaction. Hence, a cryptocurrency portfolio tracker is an essential tool to ensure that you know exactly where your money is at all times.
The best crypto portfolio tracker should be user-friendly and have apps for both Android and iOS. It should also be available on a web browser so you can access it on any device, whether you’re at home or at work. Most tools are cloud-based and can be accessed through a browser, but some may not be compatible with your school’s policies. Ensure that the app is safe and secure, so that you don’t have to worry about hackers accessing your data.
Another important feature in a crypto portfolio tracker is the ability to customize your homescreen. As each crypto user has different weights and crypto assets, the homescreen should reflect the weights assigned to the coins that are most important to them. You can then focus on following news and updates on the coins that are important to you. However, keep in mind that some crypto portfolio trackers do not offer the necessary customization. You can also check the price history of cryptocurrencies before you make a purchase.
The most important thing is to choose a crypto portfolio tracker with high security. Choose one with two-factor authentication and multi-layered encryption. Furthermore, choose one that lets you manually input sold coins instead of automatically syncing with your crypto wallet. This is a safer option than automatic sync because you don’t give it access to your crypto accounts. In addition, some crypto portfolio trackers allow you to disable the ability to link your accounts with them.
While picking a cryptocurrency portfolio tracker, make sure that it supports multiple exchanges. While some applications support just one or two exchanges, the best one should be able to handle multiple exchanges and help you make informed decisions. In addition to providing detailed information about your portfolio, the best crypto portfolio tracker also has the capacity to journal your trades. By integrating your cryptocurrency portfolio tracker with your financial assets, you’ll be able to keep track of all your trades with ease.
The best crypto portfolio tracker will give you a full overview of your cryptocurrency investments and help you find out how much they’re worth. Several exchanges provide these tools, but most investors still prefer to keep their holdings on several platforms. In fact, most investors only have two or three different coins in their portfolios, spread across a range of exchanges. A cryptocurrency portfolio tracker will let you view all of them in one convenient place. The best crypto portfolio tracker will also let you monitor price changes in real-time.