BEST CRYPTO PORTFOLIO TRACKERS AND WHY YOU SHOULD USE THEM

Suppose you are having a hard time keeping up with the ever-fluctuating cryptocurrency market, especially if you have a widely-spread crypto portfolio. In that case, portfolio trackers might be for you. In this article, we explain what a crypto portfolio tracker is and why traders should consider them.

leather wallet – Pixabay

What is a portfolio tracker?

First thing first! What is a portfolio tracker? As the name implies, it is software that can help investors track their investments. Since savvy investors handle different assets on different trading platforms, a crypto tracker plays an important role in assisting them to track transactions and figures.

Why should you use a portfolio tracker?

A crypto tracker will keep track of where your assets are and how they are performing. It can also provide you with market data and tech analysis to help you achieve potential success. Given its functionalities, it is no surprise crypto trackers are utilised by day traders as well as long-term crypto investors. Of course, if you don’t feel confident enough to track your investments yourself, you can connect with a broker via different platforms, such as Bitcoin-loophole.io, and gain access to various tools and ongoing support.

Stocks – Pixabay

Best Portfolio Trackers

Here is a list of the top three crypto portfolio trackers you can use, based on our research and user reviews.

FTX (Blockfolio): Best Value

FTX (Bockfolio) is one of the first and leading portfolio trackers in the market. It is a mobile crypto portfolio tracker which was founded under the name Blockfolio but then renamed FTX. It has continually gained popularity and now has over 6 million users, which makes it one of the leaders in the field.

Through FTX, you can simultaneously track over 10,000 types of cryptocurrencies as well as over 500 crypto exchange platforms. Now, the tool is not just limited to being a tracking platform but has also extended its offers across trading and interest accounting services. Additionally, it has expanded its scope to communications and news services, allowing developers and token teams to communicate with investors and users. Thus, users can stay up to date with recent crypto market trends through the platform.

Advantages

It is also a trading platform.
It is a news platform too.

Disadvantages

It has no desktop site; thus, you can only use it on your mobile device.

Kubera: Best Holistic View

If you have investments not limited to cryptocurrencies, then Kubera is the portfolio tracker for you. It can track both your traditional investments as well as your digital assets. It can keep you updated and connected with all sorts of instruments, bank accounts, brokerage accounts, independent stocks, home value (through Zillow), car value (by inputting your VIN), and any other domains you own. It works with over 20,000 banks worldwide as well as popular crypto exchanges and crypto wallets.

Kubera is considered one of the top portfolio tracker choices. You won’t need to worry about on-site ads and upsells on the platform. The platform holds bank-grade security, so you won’t need to worry about the safety of your account linked to the site.

Advantages

It can track various assets.
It has a user-friendly interface and safety features.

Disadvantages

It can only be used on the Web; it has no mobile or desktop app.

CoinStats: Best All-around Tracking

CoinStats’ greatest advantage is its accessibility. You can use it on any device, whether on your mobile or desktop, and track your portfolio across varied platforms. It has connections with over 300 exchanges, dozens of wallets, and thousands of assets.

In addition, CoinStats offers its own crypto and DeFi wallet, which allows its users to buy, sell, track, and even earn interest on their coins.

Advantages

It supports 8,000+ coins.
It can track across multiple platforms.

Disadvanatges

Nothing guarantees investment success.

Alternatives

If you do not want to use a tracker, you can manage and keep track of all the crypto you have in your portfolio through a spreadsheet or other specialised software to provide you with the needed calculations of your holdings and profits.

Calculator – Pixabay

In the end, if you want to be a successful crypto investor, you should always track your investments, either through a portfolio tracker or any other method that suits your needs. Remember that the investment sector is highly risky, so you need to do your own due diligence!