Cryptocurrencies are a way for investors to invest in a new asset class. Bitcoin is one of the most popular cryptos available, and using bitcoin trackers to monitor your performance can help you stay on top of your portfolio.
If you have other cryptocurrencies in addition to Bitcoin, using a crypto portfolio tracker can help you stay on top of how much you have in your wallet, as well as the value of your cryptocurrency holdings. Here’s what you need to know about using a crypto monitor and the best Bitcoin trackers available.
What Is a Crypto Portfolio Tracker?
With a crypto portfolio tracker, you can review your crypto asset holdings and keep up with the value of various coins. This is especially important given the volatility of the crypto market. If you have multiple wallets or use different exchange platforms, you can use a crypto monitor to keep track of your overall portfolio value and the number of coins you have.
Why Do You Need Crypto Portfolio Management Software or Tools?
Cryptocurrencies fluctuate in value regularly and it can be difficult to keep track of the total value of your holdings — especially if you have multiple coins in different wallets or exchanges. For example, you might use Binance for some of your coin transactions and Coinbase for others. Instead of checking each wallet or exchange, crypto portfolio management tools allow you to connect to see everything in one place.
On top of that, some crypto trackers can help you buy and sell coins. This streamlines the cryptocurrency investing process and means you can manage your portfolio from a central location, rather than logging into several exchanges.
Instead of keeping your holdings on an exchange, where you might be more vulnerable to hacking, a good Bitcoin tracker can also help you manage your wallet without the need to log in all the time. Your coins are safer in your wallet compared to the exchange.
What to Look for in a Crypto Portfolio Tracker
When deciding on a crypto monitor, consider what’s most important to you and how you manage your portfolio. Not every Bitcoin tracker allows you to conduct Bitcoin transactions, and not every tracker is compatible with all coins and exchanges. Here are some of the items to consider when using a crypto tracker:
- Available platforms and coins: Find out what coins are available to track, as well as which platforms and exchanges are supported. Be sure that your preferred coins, wallets, and exchanges are compatible with the tracker you choose.
- Ease of use: Make sure it’s easy to see your total portfolio value quickly. You should be able to see the current value of different coins, navigate to the features you want to use and, potentially, buy and sell with ease.
- Ability to buy and sell coins: Not everyone wants to buy and sell coins from their crypto portfolio tracker. Some investors just want to track everything in one place. However, if you want to complete transactions with your tracker, and do so using multiple exchanges and wallets, look for something that allows you to manage your portfolio.
- Security: Finally, you want to make sure that your crypto monitor is secure. When using a Bitcoin tracker, you have to realize that it can be hard to get your money back if you’re hacked. Look for a tracker that has multi-layer encryption and two-factor authentication.
Best Bitcoin Trackers
When deciding on a crypto portfolio tracker, carefully consider what matters to you. We looked at a variety of portfolio trackers with different price points and features, emphasizing those that also allow for trading within the app. Depending on what you’re looking for, it should be possible to find something that meets a variety of needs and preferences. Here are some of the best Bitcoin trackers available:
If you’re looking for an easy-to-use tracker that can also be used with assets such as stocks and bonds, then consider Personal Capital. Its free financial tracking tool allows you to see all of your assets in one place. Plus, you can track your cryptocurrencies with their crypto BETA tool. Just add in your crypto manually and you’ll be able to see it alongside your other assets.
Price: 14-day free trial, plans range from $12.66 to $38.07 per month.
If you want an all-in-one crypto monitor that’s compatible with the major cryptocurrency trading exchanges, Altrady can be a good choice. You can get access to Coinbase Pro, Binance, Kraken, and other exchanges. You can see your holdings organized by cryptocurrency and exchange, as well as see changes in value. Altrady is one of the easiest cryptocurrency trackers to use whether you want to simply see your portfolio value or actually make trades.
Price: Plans range from $3.49 to $13.99 per month
CoinStats offers information about more than 7,000 different coins and allows you to see your entire transaction history. You can also see analytics on your profits and losses, and get an idea of what to expect from your holdings. CoinStats allows YouTube trade from your portfolio tracker, including compatibility with Ethereum and Metamask, as well as popular exchanges like Coinbase and Binance. You can do everything from one easy-to-use dashboard with live prices and the ability to set up alerts.
Price: $10 per month, or $70 for the first year and $100 billed annually afterward
If you’re not interested in managing transactions from your Bitcoin tracker, but want to centralize your crypto assets and see how they fit into your overall financial picture, Lunch Money can be a good choice. You can connect your cryptocurrency wallet or exchange it to your Lunch Money account, and then see the value of different coin holdings alongside the rest of your finances. It’s a good way to understand your overall financial picture, including other investments, bank accounts and credit card accounts.
Coin Market Manager
Price: 7-day free trial, plans ranging from free to $41.66 to $49.99 per month
Coin Market Manager syncs all of your cryptocurrency accounts in one place, while analytics offer insight into all of your transactions. There are helpful charting tools and visuals that can provide you with information to make better decisions. With the help of Coin Market Manager, you can manage everything in one place, including creating tags that allow you to see how you’ve traded and what the results were. The interface is streamlined and easy to read, including real-time quotes.
Final Thoughts: Can you Trust Bitcoin trackers?
Tracking cryptocurrencies can be challenging — particularly if you have multiple coins and wallets, or use different platforms to buy and sell currencies. Additionally, there aren’t a lot of traditional personal finance apps and investment trackers that include cryptocurrencies.
However, with the right crypto portfolio tracker, you can keep a watchful eye on the overall value of your crypto assets. Carefully consider what is likely to provide you with the information you need and sync with your various wallets, and use a crypto monitor to help you stay on top of that portion of your portfolio.