Crypto portfolio tracker is an application that shows the status of your investments in cryptocurrencies, with updates in real-time as to how your portfolio is doing. A tracker assists you in tracking your gains and losses, setting alerts on price changes, and thus being in a position to make the right decisions in the future.

A crypto portfolio tracker is a tool that allows users to manage their investments in cryptos by giving live updates on the current market price of the different tokens held in a portfolio.

In a nutshell, the features, price, advantages & disadvantages of different trackers are discussed below to enlighten the reader about the Track app.

Also Check: Top 10 Crypto Friendly Banks in 2024

What is a Crypto Portfolio Tracker?

A crypto portfolio tracker is a utility or an online tool that helps monitor the progress and status of an investor’s crypto portfolio.

These trackers usually integrate with your exchange accounts to display the value of your portfolio and allow you to easily track the amount of profit or loss you earn from your investments.

Using a crypto portfolio tracker offers several benefits, including:

• Real-time tracking: Trackers provide up-to-date information on the value of your investments, allowing you to stay informed about market fluctuations.
• Diversification analysis: Fund trackers often provide ideas for the diversification of your stocks and other assets that may be of help in improving your portfolio.
• Tax reporting: Crypto portfolio tracking solutions can include features that will allow the user to create a report on their taxes, which will let you keep track of your gains and losses more easily.
• Customizable alerts: Many of them have functionalities where you can input desired prices for your investments, and the app will notify you whenever a particular coin gets to that price.

Key Features to Look for in the Best Crypto Portfolio Tracker

When choosing the best crypto portfolio tracker, it’s essential to consider the following key features:

a.) Security: Make sure that the tracker applies the safety measures to protect the information you share and your investment data.

b.) User-friendly interface: aim at choosing a tracker that offers a simple interface in that the home page will be simple to navigate and work with.

c.) Compatibility with exchanges: Select a tracker that embodies the exchanges you actively engage in to ensure you can integrate with your accounts.

d.) Real-time tracking and alerts: Choose a tracker that will update you about the value of your current portfolio and one that you can set your own alerts for.

e.) Detailed reporting: An ideal tracker should come with full reporting and some of the aspects to look at in the reporting include charts, graphs, as well as other tools that assess performance.

Top 10 Crypto Portfolio Trackers

1.) CoinStats

Image Source via CoinStats

Features: Real-time tracking, portfolio syncing, price alerts, tax reporting
Pricing: Free plan available, paid plans start at $3.99/month
Pros: User-friendly interface, supports over 8,000 cryptocurrencies
Cons: Limited features in the free plan

2.) Delta

Image Source via Delta

Features: Real-time tracking, portfolio syncing, price alerts, news feed
Pricing: Free plan available, paid plans start at $4.99/month
Pros: Clean interface, supports over 6,000 cryptocurrencies
Cons: Limited customization options in the free plan

3.) Blockfolio

Features: Real-time tracking, portfolio syncing, price alerts, news feed
Pricing: Free plan available, no paid plans
Pros: Simple and easy to use, supports a wide range of cryptocurrencies
Cons: Limited features compared to other tracker

4.) CoinTracker

Features: Real-time tracking, portfolio syncing, tax reporting, audit trail
Pricing: Free plan available, paid plans start at $9/month
Pros: Comprehensive tax reporting features, supports over 5,000 cryptocurrencies
Cons: Paid plans can be expensive for some users

5.) Coinstats

Features: Real-time tracking, portfolio syncing, price alerts, news feed
Pricing: Free plan available, paid plans start at $4.99/month
Pros: User-friendly interface, supports over 8,000 cryptocurrencies
Cons: Limited features in the free plan

6.) Kubera

Features: Real-time tracking, portfolio syncing, net worth tracking, password management
Pricing: $8/month or $79/year
Pros: Comprehensive net worth tracking, secure password management
Cons: Relatively expensive compared to other trackers

7.) Accointing

Features: Real-time tracking, portfolio syncing, tax reporting, audit trail
Pricing: Free plan available, paid plans start at $9.99/month
Pros: Detailed tax reporting features, supports over 8,000 cryptocurrencies
Cons: Paid plans can be expensive for some users

8.) Zabo

Features: Real-time tracking, portfolio syncing, price alerts, news feed
Pricing: Free plan available, paid plans start at $9/month
Pros: Supports a wide range of exchanges and wallets
Cons: Limited customization options in the free plan

9.) Koinly

Image Source via GeekFlare

Features: Real-time tracking, portfolio syncing, tax reporting, audit trail
Pricing: Free plan available, paid plans start at $49/year
Pros: Comprehensive tax reporting features, supports over 6,000 cryptocurrencies
Cons: Paid plans can be expensive for some users

10) Cryptowatch

Features: Real-time tracking, portfolio syncing, advanced charting tools, trading platform
Pricing: Free plan available, paid plans start at $9/month
Pros: Powerful charting tools, integrated trading platform
Cons: Steep learning curve for beginners

Comparison of the 10 Best Crypto Portfolio Tracker

To help you choose the best crypto portfolio tracker for your needs, here’s a comparison chart highlighting the key features of each tracker:

How to Choose the Right Crypto Portfolio Tracker for You

When selecting a crypto portfolio tracker, consider the following factors:

• Features: Find out which parameters are crucial, for example, tax reporting, changing price alerts or an enhanced charting instrument.
• Pricing: After learning the price of the tracker, it is equally important to assess whether the features available for a fee are necessary for your particular situation.
• Compatibility: Make sure that the tracker operates with the exchanges and wallets that you use to link accounts effectively.
• User reviews: To learn about the efficiency of the tracker and the type of service they provide, read the other users’ comments on their website.

Benefits of Using the Best Crypto Portfolio Tracker

Using a crypto portfolio tracker offers several benefits, including:

Improved decision-making: In this way, it is easy to identify your portfolio performance and this helps in bringing order each time you invest.

Easier tax reporting: Some trackers give reports that can be used for legal issues, such as tax purposes, in order to avoid the tiresome effort of doing it yourself.

Reduced stress: The importance of tracking your investments can be to make sure that you are able to know the changes that are occurring in the market and thus avoid making irrational decisions that are brought on by either too much fear or greed.

Increased efficiency: That is why automating your portfolio tracking may be useful since it will allow you to save some time and other resources for some other aspects of your investment plan.

Common Mistakes to Avoid When Using a Crypto Portfolio Tracker

When using the best crypto portfolio tracker, it’s important to avoid the following common mistakes:

1. Relying solely on the tracker’s data: However, the information found on trackers is still good to use, though it is always a good practice to supplement it with data from other sources to avoid working with unreliable information.
2. Neglecting to update your portfolio: This will help you keep track of the changes that may occur at any one time as regards the investments that you have at your disposal.
3. Ignoring price alerts: It is necessary to set the appropriate monetary signals and answer them effectively in order to invest within the success schemes in the marketplace or protect against possible losses.
4. Overtrading: Still, it was found useful to use trackers to get the necessary information but it is critical to refrain from making hasty deals involving the stocks in question.

Conclusion

To sum up, utilizing a crypto portfolio tracker plays a critical role as a tool to navigate one’s investment in cryptocurrencies successfully.

Because these trackers have the capacity to identify trends in real-time with features such as detailed reporting and customizable alerts, you can better understand your market and potentially even capitalize on shifts in the market.

It is also important to note that you should select the best crypto portfolio tracker for your requirements, install it properly and avoid the pitfalls of tracker configuration.

What will help you achieve higher results and not lose in the upcoming trades is choosing the perfect crypto portfolio tracker so that you can safely enter the world of cryptocurrencies.