How to choose the best crypto portfolio tracker? 3 key features to look at

A cryptocurrency investment can be worth a great deal one moment and just the opposite the very next. The success of your crypto earnings majorly depends on how smartly you handle your crypto portfolio. Many experienced crypto traders diversify their funds across several blockchains and utilise various wallets for different financial goals. This might make tracking the total worth of crypto assets immensely challenging. A crypto portfolio tracker can assist you in monitoring your earnings in a timely manner, even across different cryptocurrency exchanges and wallets.

Without requiring you to sign into multiple accounts, crypto portfolio trackers make it simple to evaluate your assets at a glance. However, despite their many benefits, the biggest concern in the crypto portfolio tracking industry these days is that there are a plethora of these tools currently available, which makes it difficult to select the right one amongst them.

Considering the features that make the best crypto tracker in the market today is important for this reason. But before we hop into that section, let’s look at what a crypto portfolio tracker is.

What exactly is a crypto portfolio tracker?

A cryptocurrency portfolio tracker is a platform, like an app or a website that allows investors to track the status of the rapidly changing value of the different currencies in order to effectively administer their portfolios.

While many crypto market participants use spreadsheets to monitor their portfolios, each transaction requires manually inputting the transaction data and costing basis, as well as modifying the totals for gas or other processing fees. These responsibilities can easily overwhelm those who place tens or hundreds of trades per month.

Crypto portfolio trackers aggregate and analyse your holdings in a single location, avoiding the need to sign into multiple accounts. These trackers sync with crypto wallets, allowing users to manage their digital currencies.

It is critical that you approach portfolio diversification in order to create a portfolio of assets that is well-balanced, which is the fundamental principle for keeping your funds in excellent condition. A crypto portfolio tracker allows you to conveniently analyse the profitability of your cryptocurrencies and other investments in one single place.

With that being said, let’s look at how you can choose the right tracker for your crypto assets.

Key features to consider when choosing the ideal crypto portfolio tracker

  • Safety measures

Transactions in cryptocurrency are immutable and pretty much impossible to reverse. As a consequence, the top portfolio trackers use top-tier security to protect your data. These security precautions often include an SSL certificate to prevent man-in-the-middle cyberattacks, in addition to read-only access to your exchange APIs.

Many crypto portfolio trackers allow users to connect their exchanges and banking information. Choose a tracker that prioritises security, especially with the escalating number of hacking events. You can also look for trackers that do not even access their users’ login details and instead rely on reputable aggregator services to manage such sensitive information.

  • Integration facilities

Crypto portfolio trackers operate by integrating with third-party aggregator APIs, which allow them to access various crypto data feeds and present the information that you require to track your assets. The top portfolio trackers automatically receive transactions from your wallets and exchanges, eliminating the need for you to manually enter transactions.

However, this does not imply that every crypto portfolio tracker will function in every situation. Make sure to test out the applications you’re interested in to verify they operate in the particular circumstances.

  • Ability to unify multiple assets

Diversification is essential for keeping a balanced portfolio and increasing your net worth. Choose a crypto tracker that supports multiple exchanges and coins since the tracker must be your one-stop shop for all of your cryptocurrency assets.

The leading portfolio trackers accept a wide range of crypto assets, such as NFTs, DeFi, and altcoins. As many cryptocurrency investors trade cryptocurrencies while also holding NFTs, keeping these assets on the same platform allows them to monitor their real-time performance more easily.

Conclusion 

Crypto portfolio trackers are seen as essential tools for every seasoned investor. It offers a one-stop solution for tracking the value changes of your cryptocurrency holdings in the crypto space today.

How to choose the best crypto portfolio tracker? 3 key features to look at

A cryptocurrency investment can be worth a great deal one moment and just the opposite the very next. The success of your crypto earnings majorly depends on how smartly you handle your crypto portfolio. Many experienced crypto traders diversify their funds across several blockchains and utilise various wallets for different financial goals. This might make tracking the total worth of crypto assets immensely challenging. A crypto portfolio tracker can assist you in monitoring your earnings in a timely manner, even across different cryptocurrency exchanges and wallets.

Without requiring you to sign into multiple accounts, crypto portfolio trackers make it simple to evaluate your assets at a glance. However, despite their many benefits, the biggest concern in the crypto portfolio tracking industry these days is that there are a plethora of these tools currently available, which makes it difficult to select the right one amongst them.

Considering the features that make the best crypto tracker in the market today is important for this reason. But before we hop into that section, let’s look at what a crypto portfolio tracker is.

What exactly is a crypto portfolio tracker?

A cryptocurrency portfolio tracker is a platform, like an app or a website that allows investors to track the status of the rapidly changing value of the different currencies in order to effectively administer their portfolios.

While many crypto market participants use spreadsheets to monitor their portfolios, each transaction requires manually inputting the transaction data and costing basis, as well as modifying the totals for gas or other processing fees. These responsibilities can easily overwhelm those who place tens or hundreds of trades per month.

Crypto portfolio trackers aggregate and analyse your holdings in a single location, avoiding the need to sign into multiple accounts. These trackers sync with crypto wallets, allowing users to manage their digital currencies.

It is critical that you approach portfolio diversification in order to create a portfolio of assets that is well-balanced, which is the fundamental principle for keeping your funds in excellent condition. A crypto portfolio tracker allows you to conveniently analyse the profitability of your cryptocurrencies and other investments in one single place.

With that being said, let’s look at how you can choose the right tracker for your crypto assets.

Key features to consider when choosing the ideal crypto portfolio tracker

  • Safety measures

Transactions in cryptocurrency are immutable and pretty much impossible to reverse. As a consequence, the top portfolio trackers use top-tier security to protect your data. These security precautions often include an SSL certificate to prevent man-in-the-middle cyberattacks, in addition to read-only access to your exchange APIs.

Many crypto portfolio trackers allow users to connect their exchanges and banking information. Choose a tracker that prioritises security, especially with the escalating number of hacking events. You can also look for trackers that do not even access their users’ login details and instead rely on reputable aggregator services to manage such sensitive information.

  • Integration facilities

Crypto portfolio trackers operate by integrating with third-party aggregator APIs, which allow them to access various crypto data feeds and present the information that you require to track your assets. The top portfolio trackers automatically receive transactions from your wallets and exchanges, eliminating the need for you to manually enter transactions.

However, this does not imply that every crypto portfolio tracker will function in every situation. Make sure to test out the applications you’re interested in to verify they operate in the particular circumstances.

  • Ability to unify multiple assets

Diversification is essential for keeping a balanced portfolio and increasing your net worth. Choose a crypto tracker that supports multiple exchanges and coins since the tracker must be your one-stop shop for all of your cryptocurrency assets.

The leading portfolio trackers accept a wide range of crypto assets, such as NFTs, DeFi, and altcoins. As many cryptocurrency investors trade cryptocurrencies while also holding NFTs, keeping these assets on the same platform allows them to monitor their real-time performance more easily.

Conclusion 

Crypto portfolio trackers are seen as essential tools for every seasoned investor. It offers a one-stop solution for tracking the value changes of your cryptocurrency holdings in the crypto space today.