November 30, 2022

Tyna Woods

Technology does the job

The Benefits of a Crypto Portfolio Tracker

A crypto portfolio tracker is an application that helps you manage and monitor your crypto portfolio. It is mobile-agnostic and displays a complete account overview with a visual chart showing the performance of your portfolio. You can also set alerts and goals for your portfolio. The main benefit of using a portfolio tracker is that it helps you track all of your investments in one place.

While many wealth management tools take themselves too seriously, a crypto portfolio tracker should be easy to use and flexible. Some trackers allow you to copy and paste information, which makes keeping track of your portfolio a breeze. Just make sure the tracker supports the assets you want to track. It also should have human customer support.

While not every crypto portfolio tracker is as powerful as some of the more popular tools, there are many useful features. For instance, you can import multiple crypto assets to track them in one place. This is particularly useful for diversified traders. You can also set up different accounts to see how your investments are performing. Some of these tools also allow you to customize their interface to suit your needs. One such tool is Kubera, which is available on desktop and mobile devices. Users can sign up for a free trial before paying the full price.

CryptoCompare is another great option. This software combines crypto tracking with crypto guides and price aggregator tools. It also offers widgets for websites. You can get live prices for over 5,000 cryptos and track their value. You can also get the latest news about your holdings and make informed decisions based on the latest market data.

A crypto portfolio tracker will help you organize your investments in a better manner. It will provide an overview of your digital assets and connect with your wallets and exchange accounts. This means that you can manage your coins much more efficiently. Many cryptocurrency traders will spread their funds between multiple wallets. This can become overwhelming. Managing tens of different assets across multiple exchanges can be time-consuming and frustrating.

One of the most popular crypto portfolio trackers is Delta. It debuted in 2017 and has since gathered more than a million users. Recently, it was acquired by eToro, an investment and social trading site. Like many other popular crypto portfolio trackers, Delta offers a clear view of your entire portfolio. The application has integrations with more than 300 exchanges, and automatically imports your trades. It also supports over 5,000 crypto assets.

Another important feature of a crypto portfolio tracker is its ability to record tax data. Many cryptocurrency exchanges do not report transactions to the IRS. This complicates the tax reporting process. A good crypto portfolio tracker will help you keep accurate records and ensure that you pay the right tax rate.