“I believe innovation is the most powerful force for change in the world” – Bill Gates. This saying is proven by cryptocurrency, which transforms money from a tangible to a virtual entity through innovation and dramatically changes the economic landscape. Nowadays, there are many investors in cryptocurrency, and most of them have multiple accounts or portfolios. Keeping track of these numerous wallets or exchanges becomes difficult, which is where cryptocurrency trackers come in handy. There are various crypto tracker apps available, but as your investment is significant, you need to choose the best. In this blog, we will understand crypto tracker, its must-have features, and the best crypto tracker apps.
What Is Crypto Tracking and Why Is It Essential?
Crypto tracking, as the name indicates, Tracks or monitors your cryptocurrencies of multiple accounts in one place. You need to keep track of the value of your investments, how each cryptocurrency is performing, and how your overall portfolio is doing. Tracking crypto is essential because it allows you to make wise investment choices, keep tabs on your gains and losses, and effectively handle your portfolio.
According to a recent study by Guru99, Crypto portfolio tracker apps let you keep track of your past transactions, how much they were worth, and where they came from or went to. These tools can also show you the current live price of any cryptocurrencies they support. You can keep an eye on price changes anytime and see how your investments are doing in real time. It also lets you store your cryptocurrency on a hardware wallet for security.
Must-Have Features in a Crypto Tracker App
A crypto portfolio tracker app is software that track your entire crypto portfolio. It provides real-time updates on the profit and loss of your investment in individual crypto. Many of them offer automatic syncing with exchanges, thus making your job of portfolio management easy.
When choosing a crypto tracker app, there are several must-have features to consider. These include:
Real-time price tracking: Just like how information can change quickly, transactions also happen in an instant. The app should provide real-time updates on the value of your cryptocurrency investments.
Multi-currency support: If you have multiple currencies across various exchanges or wallets, you will benefit only when you have multi-currency support trackers. Therefore, the app should support various cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Litecoin.
Portfolio management: The app should allow you to manage your portfolio effectively, including tracking your profits and losses.
Security: The app should have strong security features to protect cryptocurrency investments. There are private keys and public keys available with solid security features.
5 Best Crypto Tracker Apps
There are many crypto tracker apps available, but here are the five best ones:
DeFinance
DeFinance is one of the best crypto tracking app that helps you connect your wallets like Ledger and Trezor and from various 300 crypto exchanges. It is one of the best crypto tracker apps that enable you to automate capital tax gains and supports 8000 cryptocurrencies.
DeFinance’s user-friendly interface presents crypto charts in a visually appealing and easy-to-understand manner. Whether you’re a chart enthusiast or a casual observer, you’ll appreciate the clarity and depth of insights these charts provide.
CoinStats
CoinStats is another premium crypto tracker that supports web and mobile app for investors to use conveniently. It provides all relevant information, from news updates of growth analysis to portfolio management. Additionally, it can mine liquidity in DeFi. Its intuitive navigation and clean layout ensure that users of all levels can navigate the app seamlessly, making crypto tracking a hassle-free experience.
Delta
Delta is another famous easy-to-use crypto tracker app that provides real-time price tracking, portfolio management, and multi-currency support. It gives a broader view of the portfolio with profits and losses. It also has a news section that provides the latest news and updates on the cryptocurrency market.
CoinTracking
CoinTracking is a comprehensive crypto tracker app that supports thousands of cryptocurrencies and various exchanges. In addition to that, it enables present-time price tracking, managing investments, and support for many currencies. It also has advanced reporting features that allow you to generate tax reports and other financial reports.
CryptoCompare Portfolio
CryptoCompare Portfolio is a user-friendly crypto tracker app that provides real-time price tracking, portfolio management, and multi-currency support. It also has a news section that provides the latest news and updates on the cryptocurrency market.
Conclusion
In summary, keeping track of your crypto is crucial for effectively managing your investments in cryptocurrency. You can keep an eye on the value of your investments, see how much money you’re making or losing, and use that information to make smart investment choices with a crypto tracker app. If you’re picking a crypto tracker app, find one that can track prices in real time, supports multiple currencies, helps manage your portfolio, and has strong security features. DeFinance is the best crypto tracker app that offers a wide range of features and even more. DeFinance allows you to automate the calculation of capital gains tax and supports a wide range of 8,000 cryptocurrencies. Give DeFinance a try today and take your crypto tracking to an even higher level.
FAQ
How do I choose the best crypto portfolio tracker app for me?
The best crypto portfolio tracker app for you depends on your style of investing and trading. Some critical criteria to consider when choosing a crypto portfolio tracker app include:
- Integration with a range of financial institutions.
- There are security features like encryption and two-factor authentication.
- Usability through automation.
- Advanced charting and risk analysis features.
- Option to add notes and specify where cryptocurrencies are stored.
What are the best crypto portfolio tracker apps?
Some of the best crypto portfolio tracker apps include CoinStats, Coinmarketcap, CoinTracking, Cryptocompare Portfolio, Delta, Zerion, CoinSutra, Google Sheets, and Accointing.
How can I build my crypto portfolio tracker app?
Building a crypto portfolio tracker app is a custom-build software development project. Some critical steps to building a crypto portfolio tracker app include focusing on project management best practices, using APIs to access crypto market data, including features such as tax management, market performance charts, and alerts, using practical tools for development, such as Jenkins and Selenium, and hiring expert developers for the project.
