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How to Track Your Cryptocurrency Portfolio? 

How to Track Your Cryptocurrency Portfolio?

Curious about how to keep pace with the changing prices of the various digital currencies in your cryptocurrency portfolio?

With so many assets like DeFi tokens, NFTs, privacy coins, etc., managing your well-diversified portfolio becomes increasingly challenging. You must constantly log into multiple wallets and exchanges, each with its distinct password, to manage your portfolio in a volatile crypto market.

This is where a crypto portfolio tracker enters into the equation.

Crypto trackers integrate with exchanges and wallets, allowing for real-time monitoring and managing your entire crypto portfolio on a single platform.

A general rule of thumb is that crypto investors with assets across multiple exchanges, blockchains, and protocols should use a crypto portfolio tracker to properly manage their portfolios.

Read on to learn everything you need to know about successfully managing your crypto portfolio using a portfolio tracker and choosing the best tracker for various use cases.

How Does a Portfolio Tracker Work?

One of the most significant advantages of using a crypto portfolio tracker is that you can obtain a comprehensive view of all your crypto holdings on a single screen. By monitoring your assets’ performances, you can decide whether a specific asset is in alignment with your investment goals and rebalance your portfolio accordingly.

Once you download your tracker of choice, you can integrate every platform on which you store your cryptocurrencies onto it. A top-quality portfolio tracker allows for an extensive connection of numerous wallets, platforms, and exchanges, helping you get aggregated overviews of your holdings across multiple chains, wallets, and protocols from one spot. In addition to seamlessly managing asset allocation, it lets you monitor and analyze transactions, trade assets, create watchlists, generate tax reports, and more. 

A portfolio tracker also provides analytical tools, cryptocurrency market news, and real-time updates on your assets’ prices, profits and losses, and more.

How to Choose a Cryptocurrency Portfolio Tracker?

The market is full of multiple portfolio trackers with different features and functionality. 

Let’s explore some vital factors and features to consider when choosing a tracker for your crypto portfolio.

Security

Choosing a portfolio tracker with security features like two-factor authentication (2FA), aggregator services for storing customer data, and multi-layer encryption will help protect your holdings and private data from hacks or cyberattacks. Applying multilayer security measures is critical when it comes to portfolio trackers because they connect directly to your bank accounts or bank cards.

Access to an Array of Assets and Exchanges

Top portfolio trackers support a rich suite of exchanges and digital assets. It’s vital to select a tracker that offers connectivity with multiple exchanges and supports all types of coins to benefit from a well-diversified portfolio.

User-Friendly Interface

Look for a crypto portfolio tracker with an intuitive interface that displays all your holdings and data in a simple, accessible, and efficient way.

Analytics and Trading Tools 

Your ideal portfolio tracker should provide advanced tracking, analytics, and trading tools, such as data visualization capabilities, performance analytics, historical charts, real-time price updates, graphs, market analysis, trading functionality, tax report generation, and more.

Cost

While most portfolio trackers have a free version, most advanced versions are usually available through a paid subscription. It’s recommended to try out the basic version or free plan before switching to a paid version.

Top Crypto Portfolio Trackers

Let’s explore some of the top portfolio trackers in the market below.

CoinStats

CoinStats is a comprehensive all-in-one solution that enables you to effortlessly monitor and manage your entire crypto portfolio in a single platform. It offers a comprehensive view of all your DeFi, CeFi, and NFT assets across multiple wallets, exchanges, and protocols on a single dashboard. CoinStats facilitates extensive data visualization and provides advanced portfolio monitoring and performance analytics tools, such as historical charts, profit/loss calculations, market insights, real-time price data, cryptocurrency news, and more. 

Additionally, it facilitates staking and multi-exchange trading, including Crypto Swaps and a Cash-to-crypto gateway for convenient crypto transactions. It also offers in-app tax reporting capabilities, making it easier to generate capital gains, losses, and income tax forms. You can set price alerts and NFT notifications and create custom watchlists, including NFT floor price tracking, for a swift overview of the NFT market. 

CoinStats’ Chain Activity feature consolidates on-chain data and metrics from multiple chains, simplifying transaction tracking and wallet balance monitoring. 

CoinStats ensures the security of user data and funds with robust encryption measures, including two-factor authentication, data encryption, and secure storage of API keys through AWS Vault, coupled with regular security audits.

CoinStats is accessible across various devices, including the web, mobile (iOS and Android), Mac desktop, and Apple TV. 

Pricing options include a basic version at $3.49 per month and a premium version at $9.80 per month for additional advanced features.

Altrady

Altrady is a leading crypto portfolio tracker that supports the monitoring and management of a wide array of assets across major cryptocurrency exchanges on a single interface.

It provides advanced tracking, analytics, and trading functionalities, such as interactive multi-charting, automation, intelligent trading features, real-time alerts, a market scanner, algorithmic trading capabilities, and more.

Users have the flexibility to select a Basic or Advanced trading interface layout tailored to their specific trading strategies. 

It’s important to note that Altrady is not regulated, but it securely stores your funds in your cryptocurrency exchange accounts. 

Depending on your investment needs, you can select a basic plan for $17 per month or a premium plan for $57 monthly. 

Accointing

Accointing is a leading cryptocurrency portfolio tracking and tax reporting solution that supports an extensive list of exchanges, decentralized wallets, and cryptocurrencies. 

The platform offers an intuitive dashboard that enables you to monitor NFT holdings and orders, review historical performance across different timeframes, compare your results with those of other investors, and analyze your portfolio’s gains and losses. The platform also provides price alerts, cryptocurrency charts, portfolio lists, and market analysis tools, catering to a comprehensive range of user needs. 

It handles complex crypto transactions like staking rewards, airdrops, mining activities, and over-the-counter (OTC) deals while maintaining transaction security and user privacy.

What sets Accointing apart is its crypto tax-managing functionality. It automatically generates tax reports based on your transaction history, ensuring compliance with global tax regulations. You can easily specify your country of origin and utilize the generated crypto tax report within minutes to fulfill your crypto tax obligations. 

While a free tax plan is available for users with up to 25 transactions, those requiring support for a larger volume of transactions per tax report can opt for one of the paid annual subscription plans, ranging from $79 to $299.

Accointing is accessible through mobile apps for both Android and iOS devices, providing convenience for users on the go. However, it’s important to note that data import and tax report generation are not supported in the mobile app version.

Final Words

The value of your crypto portfolio is often derived from how well you manage it. Cryptocurrency portfolio trackers provide a comprehensive solution to the time-consuming and complicated task of monitoring and managing your well-diversified portfolio.

As with any investment, you must research the fundamentals behind a portfolio tracker before committing to its platform. 

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