10 Best Crypto Portfolio Trackers to Manage Your Investments

Last updated: Sep 27, 2024
22 Min Read
AI Generated Summary
Summary
Summary
https://image.coinbureau.dev/strapi/Coin_Tracking_1_6af4fe4ee2.jpg
https://image.coinbureau.dev/strapi/Coin_Bureau_Blog_Tik_Tok_Banner_6c43c3059f.jpg
https://image.coinbureau.dev/strapi/Coin_Tracking_1_6af4fe4ee2.jpg
https://image.coinbureau.dev/strapi/Coin_Bureau_Blog_Tik_Tok_Banner_6c43c3059f.jpg

Tracking your cryptocurrency investments is more crucial than ever. With thousands of digital assets available and the market's notorious volatility, having a reliable method to monitor your portfolio can mean the difference between profit and loss.

For beginners, a crypto portfolio tracker simplifies the complex landscape of cryptocurrency investments. It provides a centralized view of all holdings, allowing users to see their total investment value, track performance over time, and assess the impact of market fluctuations. Advanced traders benefit from these tools as well; they can analyze trends, set alerts for price changes, and make strategic moves based on real-time data.

Moreover, as the crypto market continues to mature, the need for sophisticated tracking solutions has become apparent. Many portfolio trackers now offer advanced features such as tax reporting and integration with various wallets and exchanges, making them indispensable for serious investors. By leveraging these tools, users can not only keep their investments organized but also gain insights that drive better investment strategies.

https://image.coinbureau.dev/strapi/Coin_Tracking_1_6af4fe4ee2.jpg

This analysis will explore the best crypto portfolio trackers, highlighting their features, pricing, and what makes each unique.

What is a Crypto Portfolio Tracker?

A crypto portfolio tracker is a tool designed to help investors manage and monitor their cryptocurrency investments in a centralized manner. Unlike crypto wallets, which store assets, or exchanges where trades occur, portfolio trackers consolidate data from various sources to provide a comprehensive view of an investor's holdings. This functionality can prove to be essential for both casual and serious investors as they spread their wings.

Key Functions of Crypto Portfolio Trackers

They allow you to track cryptocurrency investments and offer real-time data on price fluctuations, performance analytics, and asset distribution. By connecting to multiple exchanges and wallets through APIs, they allow users to access their investments in real time without the need for manual entry. This automation not only saves time but also minimizes the risk of errors that can arise from manual tracking. Many advanced trackers also include features such as technical analysis tools, tax reporting capabilities, and news feeds to keep users informed about market trends and developments.

Why Are They Important?

The importance of crypto portfolio trackers cannot be overstated. As the cryptocurrency market is known for its extreme volatility, having a tool that provides up-to-date information is almost a must for making informed investment decisions. Trackers help investors identify which assets are performing well and which may require adjustments, enabling better portfolio management. Moreover, with the increasing number of tokens and exchanges, diversification has become a key strategy; portfolio trackers ensure that investors can efficiently monitor their diverse holdings.

Additionally, as regulatory scrutiny on cryptocurrencies increases globally, maintaining accurate records becomes essential for compliance and tax purposes. Portfolio trackers simplify this process by providing clear transaction histories and accurate valuations of holdings, making tax reporting much more straightforward.

The 10 Best Crypto Portfolio Trackers for 2024

As the cryptocurrency market continues to expand, having an effective portfolio tracker is almost essential for managing your investments. With a plethora of options available, choosing the right tool can be daunting.

To help you navigate this landscape, we've compiled a list of the 10 best crypto portfolio trackers for 2024. Each tracker offers unique features tailored to different user needs, from automated tax reporting to real-time performance analytics. Let’s dive into these top picks and discover which one might be the perfect fit for you!

To make it easy and comprehensive, here is a table that covers the important aspects of each:

Platform

Price

Highlight

CoinLedger

Free to use (only pay for tax reports based on the number of transactions)Best for Tax Reporting and Portfolio Management

CoinGecko

FreeBest for Real-Time Price Tracking

Crypto.com

FreeBest All-in-One Crypto Platform

Kubera

Starts at $199/year for personal useBest for Tracking a Variety of Assets (Crypto, Stocks, Real Estate)

CoinStats

Free for basic tracking, Premium starts at $13.99/monthBest for Multi-Asset Tracking (DeFi, NFTs, and Crypto)

CoinTracker

Free for portfolio tracking, tax reports start at $59/yearBest for Comprehensive Tax Reporting and Tracking

Delta

Free for tracking 2 exchanges/wallets, Pro starts at $13.99/monthBest for Tracking Both Crypto and Stocks

CoinMarketCap

Free to useBest for Manual Entry and Market Data

Crypto Pro

Free for basic features, Premium starts at $7.99/monthBest for Apple Users (iPhone and Apple Watch)

Token Metrics

Advanced plan starts at $33.33/monthBest AI-Driven Portfolio Tracker

With that out of the way, let's look at the top crypto portfolio trackers:

CoinGecko

Best Crypto Portfolio Trackers
CoinGecko Affers a Robust Portfolio Tracking Tool. Image via CoinGecko

CoinGecko is a well-known cryptocurrency data aggregator that offers a robust portfolio tracking tool, making it a favorite among crypto enthusiasts. With support for over 14,000 digital assets, CoinGecko provides users with real-time price updates and detailed analytics. While the basic portfolio tracking features are completely free, CoinGecko has recently introduced premium subscription options for users seeking advanced analytics and additional tools. This allows users to create and manage their portfolios without any subscription fees for the basic service, although those desiring more in-depth features can opt for premium plans.

Key Features

CoinGecko's portfolio tracker comes packed with several useful features:

  • Real-Time Price Tracking: Access live prices for thousands of cryptocurrencies aggregated from multiple exchanges, providing a comprehensive view of the market.
  • Custom Alerts: Set alerts for various conditions such as price changes, percentage increases or decreases, and specific price targets to stay informed about market movements.
  • Portfolio Management: Create custom portfolio lists categorized by blockchain networks or asset types, with the ability to add custom tags for enhanced organization.
  • Market Data: Gain insights into market trends and performance metrics for each asset, including liquidity scores and developer activity to assess asset viability.
  • User-Friendly Interface: Designed for ease of use, making it accessible for beginners while still offering valuable insights for experienced traders. The availability of mobile apps for both iOS and Android enhances accessibility.

CoinLedger

Crypto Portfolio Trackers
CoinLedger Combines Usability With Powerful Features. Image via CoinLedger

CoinLedger is a comprehensive crypto portfolio tracker and tax reporting tool designed for investors looking to simplify their cryptocurrency management. With support for over 800 integrations, including exchanges, wallets, DeFi protocols, and NFT platforms, CoinLedger allows users to effortlessly track their assets across multiple platforms. The tool is particularly beneficial for those needing to report their crypto taxes, as it automates the process of calculating gains and losses while generating necessary tax documents. Trusted by more than 500,000 users, CoinLedger combines usability with powerful features, making it a top choice for all tiers of users.

Key Features

CoinLedger stands out due to its robust feature set that includes:

  • Automated Tax Reports: Generate tax reports with just a few clicks, saving time during tax season.
  • Transaction Import: Automatically import transactions from various exchanges and wallets without manual entry.
  • Portfolio Tracking: Monitor the performance of your investments in real-time across multiple platforms.
  • Tax Loss Harvesting: Identify opportunities to offset gains with losses, optimizing your tax situation.
  • Multi-Currency Support: Manage a diverse range of cryptocurrencies seamlessly, including NFTs.
  • User-Friendly Interface: Designed for ease of use, ensuring that even novice investors can navigate the platform effortlessly.

Crypto.com

Best Crypto Portfolio Tracker
Crypto.com Has Rapidly Grown to Serve Over 100 million Users Globally. Image via Crypto.com

Crypto.com offers a comprehensive portfolio tracking feature as part of its extensive cryptocurrency platform. Launched in 2016, it has rapidly grown to serve over 100 million users globally. The portfolio tracker is integrated within the Crypto.com app, allowing users to manage their crypto assets seamlessly alongside trading, staking, and spending options. While it primarily serves as a trading platform, its portfolio tracking capabilities enable users to monitor their investments in real time, making it an attractive option for all kinds of users.

Key Features

The portfolio tracker on Crypto.com includes several key features:

  • Real-Time Price Updates: Track live prices for over 350 cryptocurrencies, ensuring you’re always informed about market movements.
  • Comprehensive Asset Overview: View your entire portfolio's performance at a glance, including total value and individual asset breakdowns.
  • Transaction History: Keep track of all your trades and transactions directly within the app, simplifying record-keeping.
  • Alerts and Notifications: Set price alerts for specific cryptocurrencies to stay updated on market changes without constantly checking prices.
  • Integrated Crypto Earn: Users can earn interest on their holdings directly through the app, providing additional utility beyond tracking.
  • Profit and Loss Dashboard: Analyze your portfolio's performance with detailed insights into net invested amounts, average costs, unrealized gains/losses, and total profit/loss.

CoinTracker

10 Best Portfolio Trackers, Cointracker.jpg
The Platform is Particularly Beneficial For Investors Who Engage in Frequent Trading. Image via CoinTracker

CoinTracker is a powerful cryptocurrency portfolio tracker and tax reporting tool that supports over 10,000 cryptocurrencies and integrates with more than 500 exchanges and wallets, including popular platforms like Coinbase, Binance, and Gemini. Launched to simplify the management of crypto assets, CoinTracker provides users with a comprehensive view of their investments and automates the tax reporting process. The platform is particularly beneficial for investors who engage in frequent trading or require detailed tax documentation, making it a popular choice among both casual and serious crypto enthusiasts.

Key Features

CoinTracker offers a range of features designed to enhance user experience:

  • Automated Portfolio Tracking: Users can automatically import transactions from various exchanges using API integrations, eliminating the need for manual data entry.
  • Tax Reporting: Generate detailed tax reports for the current and previous tax years, making it easier to file taxes accurately. Integrations with TurboTax and H&R Block simplify the process further.
  • Performance Insights: Track portfolio performance with real-time updates on gains, losses, and overall asset value.
  • DeFi and NFT Support: CoinTracker also supports decentralized finance (DeFi) transactions and non-fungible tokens (NFTs), allowing users to manage diverse asset types.
  • Tax Loss Harvesting: Available with higher-tier subscriptions, this feature helps identify opportunities to offset gains with losses for tax optimization.

Price

  • Free Plan: Ideal for beginners, the Free plan costs $0 and includes a tax summary, portfolio value tracking, and self-serve support.
  • Base Plan: The Base plan is $59 per year, providing tax reports for all years, TurboTax and H&R Block integrations, and portfolio tracking for up to 100 transactions.
  • Prime Plan: The Prime plan costs $199 per year and is great for building wealth while saving on taxes. It includes comprehensive tax reports, performance tracking, tax loss harvesting, and supports up to 1,000 transactions.
  • Ultra Plan: The Ultra plan, priced at $599 per year, offers advanced tools for optimizing taxes and portfolio performance. It features detailed tax reports, performance tracking, tax lots breakdown, and 24-hour support, accommodating up to 10,000 transactions.

Kubera

10 Best Portfolio Trackers, Kubera.jpg
You Can Manage a Diverse Range of Assets, Including Cryptocurrencies, Real Rstate And Stocks. Image via Kubera

Kubera is an all-in-one portfolio tracker designed for modern investors looking to manage a diverse range of assets, including cryptocurrencies, real estate, stocks, and more. Launched as a personal balance sheet tool, it allows users to connect with over 20,000 financial institutions worldwide, enabling automatic updates for various asset classes. Kubera's user-friendly interface facilitates the tracking of not just crypto but also fiat currencies, physical goods, and even NFTs, making it a versatile choice for comprehensive wealth management.

Key Features

Kubera boasts several standout features that enhance its functionality:

  • Multi-Asset Tracking: Users can monitor a wide variety of assets, including cryptocurrencies, traditional stocks, real estate values (integrated with services like Zillow), and collectibles.
  • Automatic and Manual Imports: The platform allows for seamless integration with exchanges and blockchains while also supporting manual entry for assets that may not update automatically.
  • Performance Analytics: Kubera provides insights into asset performance through features like IRR (Internal Rate of Return) calculations and daily, monthly, or yearly performance summaries.
  • Customizable Dashboard: Users can tailor their dashboard to display the most relevant information and track specific investments easily.
  • Security and Privacy: Kubera prioritizes user security with a privacy-first approach, ensuring that sensitive data remains protected without ads or data sales.

Price

Kubera operates on a subscription model with several pricing tiers:

  • Kubera Personal: Costs $199 per year, designed for individuals managing their own portfolios.
  • Family Plan: Priced at $225 per year, this plan allows collaboration with family members and extended teams.
  • Kubera Black: A premium offering at $999 per year, tailored for high-net-worth individuals (HNIs) and single-family offices. This plan includes additional features like nested portfolios and unified reporting across multiple entities.
  • Business Solutions: Plans start at $199 per month, aimed at financial advisors and multi-family offices.

Additionally, Kubera offers a 14-day trial for $1 for new users to explore its features before committing to a subscription. This flexible pricing structure makes it accessible for various types of investors looking to track their net worth comprehensively.

Delta

10 Best Portfolio Trackers, Delta.jpg
Delta Allows Users to Track Not Only Cryptocurrencies but also ETFs and NFTs. Image via Delta

Delta has gained recognition for its comprehensive features and user-friendly design. Launched in 2017, Delta allows users to track not only cryptocurrencies but also stocks, ETFs, and even NFTs, providing a holistic view of their investments. With support for over 10,000 cryptocurrencies and integration with numerous exchanges and wallets, Delta is designed for both casual investors and serious traders looking for detailed analytics.

Key Features

Delta offers a range of features that enhance its functionality:

  • Multi-Asset Tracking: Users can monitor a diverse array of assets, including cryptocurrencies, stocks, ETFs, and NFTs, all in one place.
  • Automatic Syncing: Delta integrates with various exchanges and wallets to automatically import transactions, saving users time and reducing manual entry errors.
  • Detailed Analytics: The platform provides in-depth insights into portfolio performance, including asset splits, trade history, and profit/loss calculations.
  • Custom Alerts: Users can set price alerts for specific assets to stay informed about market changes without constant monitoring.
  • Cross-Device Functionality: Delta allows users to sync their portfolios across multiple devices, making it easy to access investment data on the go.
  • Market Overview and Watchlists: Users can check current prices, team information, latest trend charts, and profit/loss for each asset. They can also create watchlists for specific cryptocurrencies.

Price

Delta is available for free with essential features. For users seeking advanced functionalities, Delta Pro is offered at $13.99 per month. The Pro version includes additional features such as enhanced analytics, tracking across multiple devices, and more customization options. This pricing structure makes Delta accessible for both casual users who want basic tracking capabilities and more active investors looking for detailed insights into their portfolios.

CoinMarketCap

10 Best Portfolio Trackers, Coinmarketcap.jpg
CoinMarketCap’s Portfolio Tracker is Completely Free to Use For Anyone With a CMC Account. Image via CoinMarketCap

CoinMarketCap is one of the most recognized names in the cryptocurrency space, primarily known for its extensive market data and analytics. In addition to providing real-time price tracking for over 20,000 cryptocurrencies, CoinMarketCap features a robust portfolio tracker that allows users to manage their crypto holdings efficiently. This tool enables users to create multiple portfolios, making it easy to track investments across different assets and exchanges. CoinMarketCap's portfolio feature is particularly appealing for those who want a simple and effective way to monitor their crypto investments without transferring any funds to the platform.

Key Features

CoinMarketCap's portfolio tracker includes several key functionalities:

  • Multiple Portfolios: Users can create and manage multiple portfolios, allowing for better organization of different investment strategies or asset types.
  • Real-Time Data: The tracker provides live updates on prices and market movements, ensuring users have access to the latest information.
  • Manual Entry and Import Options: Users can manually input transaction details or import them from wallets by entering their wallet addresses.
  • Customizable Dashboard: The interface allows for personalization, enabling users to display the information most relevant to their investment goals.
  • Integration with Exchanges: While there is no direct API connection, users can track assets from various exchanges, including Binance, enhancing the versatility of the tracker.

Price

CoinMarketCap’s portfolio tracker is completely free to use for anyone with a CoinMarketCap account. There are no subscription fees or hidden costs associated with utilizing the portfolio feature.

CoinStats

10 Best Portfolio Trackers, CoinStats.jpg
CoinStats Integrates With More Than 300 Wallets and Exchanges across 70 Blockchains. Image via CoinStats

CoinStats allows users to monitor their crypto, DeFi, and NFT investments in real time. With over 1 million active users, CoinStats has established itself as an essential tool for managing digital assets. The platform integrates with more than 300 wallets and exchanges across 70 blockchains, providing a comprehensive overview of users' holdings. CoinStats enables seamless tracking of over 20,000 cryptocurrencies, making it suitable for both casual investors and seasoned traders.

Key Features

CoinStats offers a variety of features designed to enhance user experience:

  • Multi-Asset Tracking: Users can track cryptocurrencies, DeFi assets, and NFTs all in one place.
  • Automatic Syncing: The platform automatically imports transaction data from connected wallets and exchanges, streamlining the tracking process.
  • Custom Alerts: Users can set personalized price alerts based on specific price points or percentage changes to stay informed about market movements.
  • Integrated DeFi Wallet: Users can buy, swap, and earn yield on crypto directly from the CoinStats dashboard.
  • Tax Reporting: Through a partnership with CoinLedger, CoinStats provides in-app tax reporting capabilities, allowing users to generate capital gains and income tax forms easily.

Price

CoinStats operates on a freemium model:

  • Free Plan: Allows users to track up to 10 portfolios and 20,000 transactions without any cost, and 40 daily sync counts per portfolio.
  • Premium Plan: Priced at $13.99 per month if purchased annually, this plan offers unlimited wallet connections and transaction tracking for up to 100,000 transactions. Premium users also gain access to advanced features such as detailed portfolio analytics and priority support.
  • Degen Plan: Available for $62.91 per month charged annually, this plan provides 1 million transactions and additional functionalities tailored for active traders with VIP support.

Crypto Pro

10 Best Portfolio Trackers, Crypto Pro.jpg
Its Seamless Integration Within the Apple Ecosystem Makes Crypto Pro a Popular Choice. Image via Crypto Pro

Crypto Pro is a cryptocurrency portfolio tracker designed specifically for Apple users. Launched in 2015, it has become a favorite among crypto enthusiasts due to its privacy-focused approach and seamless integration within the Apple ecosystem, including support for iPhone, iPad, Mac, and Apple Watch. The app allows users to track over 5,500 cryptocurrencies and connect to more than 90 exchanges and 180 wallets, enabling automatic data imports for effortless portfolio management.

Key Features

Crypto Pro offers a range of features that enhance its functionality:

  • Automatic Syncing: Users can connect their wallets and exchanges via API keys or public addresses, allowing for automatic updates of their portfolio balances.
  • Real-Time Price Tracking: The app provides live price updates and market data, ensuring users stay informed about their investments.
  • Custom Alerts: Users can set personalized price alerts for specific cryptocurrencies to monitor market movements effectively.
  • Privacy Protection: All user data is stored locally on devices with no tracking or analytics, ensuring complete privacy.
  • Apple Watch Integration: The app includes customizable complications for the Apple Watch, allowing users to view prices and alerts directly on their wrist.
  • News Aggregation: Users can access curated news related to their tracked assets, helping them stay updated on market trends.

Price

Crypto Pro operates on a freemium model:

  • Free Version: The app is free to download and use at the Mac App Store, offering essential features for tracking portfolios. However, there are in-app purchases.
  • Premium Subscription: For users seeking advanced features, a premium subscription is available. Three subscription costs are listed on the app page at $7.99, $47.99  and $31.99. Premium features include access to candlestick charts, advanced trading indicators, unlimited portfolios and alerts, and faster refresh rates for the Apple Watch app.

Token Metrics

10 Best Portfolio Trackers, Token Metrics.jpg
Token Metrics is an AI-driven Cryptocurrency Research Platform. Image via Token Metrics

Token Metrics is an AI-driven cryptocurrency research platform designed to provide investors with comprehensive insights and analytics to navigate the complex crypto market. It offers detailed evaluations of over 10,000 cryptocurrencies, utilizing machine learning algorithms to generate scores and rankings based on technical, fundamental, and market analysis. Launched to empower both individual investors and institutional clients, Token Metrics helps users identify investment opportunities, assess risks, and make informed decisions backed by solid data. The platform is particularly beneficial for those looking to enhance their trading strategies with data-driven insights.

Key Features

Token Metrics provides a robust set of features tailored for cryptocurrency investors:

  • AI-Powered Analytics: The platform employs advanced machine learning algorithms to analyze vast amounts of data, delivering accurate predictions and assessments of cryptocurrency performance.
  • Comprehensive Market Data: Users gain access to a wide array of metrics including technical indicators, fundamental valuations, and market sentiment analysis, allowing for a well-rounded evaluation of potential investments.
  • Custom Wallet Management: Investors can create and manage their cryptocurrency portfolios within the platform, tracking performance in real-time across various assets.
  • Token Ratings: Token Metrics offers detailed ratings for cryptocurrencies based on extensive analysis, helping users compare and rank different digital assets effectively.
  • Research and Insights: The platform features a dedicated research section with institutional-grade reports covering market trends, hidden gems in various sectors (like DeFi and NFTs), and project deep-dives.

Price

Token Metrics operates on a tiered subscription model which is probably the most expensive in this list:

  • Basic Plan: Provides access to basic AI-driven market insights and analysis.
  • Advanced Plan: Priced at $33.33 per month or $399.99 annually, this plan includes access to additional reports and features.
  • Premium Plan: Available for $166.67 per month or $1,999.99 annually, offering even more research tools and insights like exclusive webinars and in-depth research.
  • VIP Plan: Costs $624.99 per month or $7,499.99 annually, providing all premium plus access to elite investment opportunities and expert-curated deals.

How to Choose the Right Crypto Portfolio Tracker?

Selecting the right crypto portfolio tracker is crucial for effectively managing your investments. Here are some key factors to consider:

Security

Security should be your top priority when choosing a portfolio tracker. Look for trackers that use best practices, such as military-grade encryption and read-only API access, which prevents unauthorized transactions. Ensure that the platform does not require sensitive information like private keys, as this can expose you to potential risks. Established platforms with positive user feedback tend to be more trustworthy.

Supported Exchanges and Wallets

A robust portfolio tracker should integrate seamlessly with a wide range of exchanges and wallets. The more connections available, the easier it will be to monitor your assets in real time without manual entry. Look for trackers that support both centralized exchanges (like Binance and Coinbase) and decentralized wallets (like MetaMask), as well as DeFi protocols if you’re engaged in decentralized finance.

Ease of Use

An intuitive user interface can significantly enhance your experience. Choose a tracker that is easy to navigate, especially if you’re new to cryptocurrency investing. Features like customizable dashboards, clear visualizations of portfolio performance, and straightforward transaction entry can make a big difference in how effectively you manage your investments.

Features

Consider what additional features are important for your investment strategy. Some trackers offer advanced analytics, price alerts, tax reporting capabilities, and even integration with other financial assets like stocks or real estate. Determine which features align with your needs to ensure you have the tools necessary for effective portfolio management.

Pricing

Finally, evaluate the pricing structure of the portfolio tracker. Many platforms offer free versions with limited features, while premium subscriptions may provide additional functionalities at a cost. Assess whether the benefits of paid plans justify the expense based on your investment activity and requirements.

How to Secure Your Crypto Portfolio While Using Trackers

When linking wallets and exchanges to portfolio trackers, maintaining security is paramount. Here are some essential tips to help safeguard your crypto assets:

Use Two-Factor Authentication (2FA)

Always enable 2FA on your accounts associated with your portfolio tracker. This adds an extra layer of security by requiring a second form of verification, such as a code sent to your mobile device, whenever you log in or make withdrawals. This measure significantly reduces the risk of unauthorized access, even if your password is compromised.

Choose Reputable Trackers

Select portfolio trackers that have a strong reputation for security and privacy. Look for platforms that utilize encryption and do not store sensitive information like private keys or passwords. Research user reviews and check for any history of security breaches to ensure the platform you choose is trustworthy.

Regularly Update Software

Keep your portfolio tracker app and any associated software up to date. Developers frequently release updates that include security patches and enhancements. Regularly updating your software helps protect against vulnerabilities that could be exploited by hackers.

Secure Your Wallets

If you use a cryptocurrency wallet, ensure it is secure. Hardware wallets are generally safer than software wallets because they store your private keys offline. If you must use a software wallet, choose one with strong security features, such as encryption and backup options.

Be Wary of Phishing Scams

Always verify the authenticity of websites and emails related to your portfolio tracker or exchanges. Phishing attempts can trick you into providing sensitive information. Avoid clicking on links in unsolicited emails and always navigate directly to the official website of the service you are using.

Limit API Permissions

When linking exchanges to your portfolio tracker via API keys, set permissions carefully. Use read-only access whenever possible, which allows the tracker to view your balances without enabling it to execute trades or withdrawals.

https://image.coinbureau.dev/strapi/Coin_Bureau_Blog_Tik_Tok_Banner_6c43c3059f.jpg

Closing Thoughts: Why Should You Use a Portfolio Tracker?

Using a portfolio tracker is essential for effective cryptocurrency management in today’s fast-paced market. These tools provide a centralized platform to monitor your digital assets, offering real-time insights into price movements and overall portfolio performance. By consolidating data from multiple exchanges and wallets, portfolio trackers help you stay organized, enabling better decision-making in an environment known for its volatility.

Moreover, many portfolio trackers come equipped with features like performance analytics, transaction history, and tax reporting, enhancing their utility beyond mere tracking. This functionality simplifies the complex process of managing taxes on crypto gains and losses while allowing you to identify trends and make timely adjustments to your strategy. Ultimately, leveraging a portfolio tracker empowers you to make informed choices that align with your financial goals, ensuring you navigate the dynamic world of cryptocurrencies with confidence.

Frequently Asked Questions

What is the best crypto portfolio tracker?

The best crypto portfolio tracker depends on individual needs. For tax reporting and portfolio management, CoinLedger is a top choice. CoinGecko excels in real-time price tracking, while Crypto.com is ideal for those looking for an all-in-one platform. Kubera stands out for tracking diverse assets beyond crypto, and CoinStats is best for tracking DeFi, NFTs, and traditional crypto investments.

How do I start a crypto portfolio?

To start a crypto portfolio, follow these steps:

  • Choose a reliable exchange (e.g., Coinbase, Binance) to buy your first assets.
  • Diversify your investments by selecting a mix of established coins (e.g., Bitcoin, Ethereum) and altcoins.
  • Store assets securely using wallets (hardware for long-term storage, software for active trading).
  • Use a portfolio tracker to monitor your holdings and stay updated on market movements.
Are crypto portfolio trackers safe to use?

Most crypto portfolio trackers are safe if you follow security best practices:

  • Enable two-factor authentication (2FA) for your accounts.
  • Use reputable platforms with strong encryption and no requirement for private keys.
  • Limit API permissions to read-only access when linking exchanges and wallets.
Can I use a crypto portfolio tracker for free?

Yes, many crypto portfolio trackers offer free versions. CoinGecko, CoinMarketCap, and Crypto.com provide robust free options for basic portfolio tracking. However, premium features like advanced analytics or tax reporting may require a subscription.

How do crypto portfolio trackers calculate profits and losses?

Crypto portfolio trackers calculate profits and losses by tracking:

  • Real-time asset prices and comparing them to your purchase price.
  • Cost basis for each transaction, which is used to calculate unrealized gains or losses.
  • Transaction fees and other variables to ensure accurate profit/loss reporting.
Can I use a tracker for multiple wallets and exchanges?

Yes, most portfolio trackers support multiple wallets and exchanges via API integrations. Tools like CoinStats and CoinLedger can link to several wallets and exchanges, giving you a unified view of all your crypto assets in one place.

Is there a free crypto portfolio tracker?

Yes, there are several free options for crypto portfolio tracking. CoinGecko, CoinMarketCap, and Crypto.com offer free portfolio trackers that provide real-time price updates, basic portfolio management, and other essential features without requiring a subscription.

WhatsApp Image 2024-06-05 at 16.56.36.jpeg

I have over 15 years of experience in writing for various organizations. I have a diverse portfolio of writing, vetting, and editing articles, blogs, website content, scripts, and slogans across a variety of industries. I write fiction in my spare time, and I'm looking forward to getting published with my first set of short stories.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Previous article
MetaMask vs Coinbase Wallet: Comparing Features and Security
next article
Best Cold Storage Wallets for Ultimate Crypto Security in 2024