The need for practical portfolio management tools grows as crypto investments become increasingly mainstream.
Cryptocurrency prices fluctuate wildly, making it critical for investors to track their holdings closely. Thankfully, purpose-built apps now exist to provide the required functionality.
In this article, let us discover the best crypto portfolio trackers that are available today.
Understanding Crypto Portfolio Trackers
Crypto portfolio trackers are software tools that enable investors to monitor their digital asset holdings’ overall value and performance. The apps sync with connected exchange accounts and wallets, automatically importing current balance data to provide a consolidated portfolio view.
Rather than manually updating spreadsheets or cobbling together data from different platforms, portfolio trackers give crypto investors convenience and oversight. Many trackers additionally integrate market pricing information, news updates, analytical tools, and other helpful features.
The importance of tracking cryptocurrency portfolios
Tracking a cryptocurrency portfolio is essential for a variety of reasons. First, it offers an overview of the performance of various cryptocurrencies in the portfolio, allowing users to determine which assets are performing well and which may require revisions.
Second, it keeps investors updated on the latest market trends, news, and price swings, enabling them to make informed investment decisions.
Finally, maintaining portfolios facilitates tax reporting by keeping accurate records of transactions and holdings.
Benefits of Using a Cryptocurrency Portfolio Tracker
Here are some of the significant advantages of utilizing crypto portfolio trackers:
- Consolidated overview of holdings and performance
- Automatic syncing and updates from connected accounts
- Market price and chart data for each coin and token
- Custom price alerts and notifications
- Tax reporting functionality
- Risk analysis of current allocations
- Latest news and developments related to portfolio assets
With this critical information conveniently accessible through slick mobile and desktop apps, crypto portfolio trackers make staying on top of investments far more accessible for traders and long-term HODLers.
Top Crypto Portfolio Trackers
Many portfolio trackers exist, but a few leading options regarding functionality stand out from the pack. Here are the top cryptocurrency portfolio trackers:
- CoinTracker
Seamlessly combining wallet/exchange connectivity, automated syncing, intuitive design, and robust tracking tools, CoinTracker sits at the head of the pack. It supports over 300 platforms while offering investors portfolio analytics, performance breakdowns, tax accounting, and multiple currency conversions. The free version covers up to $25,000 in transaction volume.
- Delta
Delta provides a beautifully designed, easy-to-use interface with robust tracking and analytical features. It supports over 300 crypto exchanges and 8000+ coins while enabling investors to sync exchange accounts, set price alerts, track profits & losses, estimate taxes, and more. Delta offers free and paid subscription plans.
- CryptoCompare
With CryptoCompare Portfolio, traders can instantly visualize holdings’ overall profitability and performance across over 5000 cryptocurrencies. Real-time and historical price charts provide context alongside the typical tracking functionality. As a longstanding player in the space, CryptoCompare brings authority.
- Token Metrics
Token Metrics catches the eye with its AI-powered analytical capabilities on top of portfolio tracking fundamentals. The platform evaluates crypto assets and portfolios concerning risk levels and projected returns, helping guide data-informed investment decisions. Token Metrics also provides ratings for various cryptocurrencies.
- Blockfolio
As one of the oldest players in the game, Blockfolio offers a fully comprehensive portfolio tracker supporting over 10,000 coins across 500 exchanges. Real-time price data combines news coverage, price alerts, and community social tools. The app also provides some basic trading directly from its interface.
Conclusion
With access to convenient portfolio trackers, cryptocurrency investors now have practical tools to monitor overall holdings, track asset performance, receive market updates, analyze positions, and simplify tax reporting. Leading trackers like CoinTracker, Delta, and CryptoCompare combine vital feature sets to give traders the necessary insight into investments. The top trackers will continue adding support and functionality as the crypto ecosystem expands.
