An active cryptocurrency trader cannot do without the support of a crypto portfolio tracker. Not if they want to be successful at trading or investing.
A crypto portfolio tracker is an app enabling you to monitor the amount and value of your crypto assets across all wallets, exchanges, platforms, and blockchain networks in real-time. It allows you to track historic transactions, live crypto prices, gains, and losses. Above all, it prevents you from mismanaging your portfolio while getting the best of your crypto trades.
This article discusses the current top-5 crypto portfolio trackers enjoying massive popularity among users and industry experts. Read on to discover the best crypto tracking tool for your portfolio.
Our first pick is Shrimpy, a highly-popular and efficient crypto portfolio tracker that enables you to monitor thousands of crypto assets. It supports linking over 30 exchanges and crypto wallets, covering the industry's most used platforms.
Shrimpy has numerous advanced features, providing users with the best tools for tracking and trading. For instance, its Universal Exchange Interface enables you to comprehensively view your entire crypto portfolio from one user-friendly dashboard. Furthermore, it supports trade automation, active portfolio management, and trade execution.
One feature that separates Shrimpy from other crypto asset management platforms is its portfolio backtesting service. You can use it for backtesting a trading strategy using up to 5 years of historical market data. Shrimpy collects this information individually from every exchange with precise bid-ask data to help you perfect your strategy.
This crypto portfolio tracker appeals to both newbie and expert traders. Above all, it accommodates passive or inexperienced users with crypto indexing strategies doing most of the work for them. The platform enables you to connect and track your crypto assets across hot wallets, cold storage, and exchange accounts.
Shrimpy is also one of the most affordable tracking tools on the market, with its Starter package available for only $15 per month. Alternatively, you can opt for the comprehensive Enterprise package at $299 per month if you want a more customizable, hands-on approach.
CoinStats is another popular crypto portfolio tracker providing users with more control over their digital assets. This platform offers daily crypto news, in-depth analytics, and multi-platform compatibility across desktop and mobile devices. For example, you can use it to track your crypto portfolio on iOS, Android, Mac, and PC, but also on Apple TV, iWatch, and Google Chrome.
Currently, CoinStats tracks over $100 billion worth of cryptocurrencies across 100 million transactions and trades on exchanges, wallets, etc. Also, it oversees the evolution of over 8,000 cryptocurrencies, 26 exchanges, and 34 crypto wallets. This extensive reach has helped it attract more than 1 million users worldwide.
Some of CoinStats' best features include heat maps identifying loss and profit-making entities, analytics on top exchanges, and insights on the most profitable and loss-inducing coins. Furthermore, the platform enables you to track the growth of every asset you hold or the entire portfolio.
CoinStats keeps API Keys on an AWS Vault service distinct from the users’ personal information, thus enhancing privacy data protection. You can use the platform for free through the Basic package. However, its features are limiting and only support up to 1,000 transactions. Conversely, the Premium package supports 1 million transactions and is available for $4.33 per month billed annually.
CoinGecko is among the largest and most popular cryptocurrency data aggregators. This platform enables users to create and customize portfolios, adding DeFi tokens and liquidity pools. Moreover, it allows you to cover all kinds of strategies, including conservative, risky, long-term HODL, DeFi, low-cap gems, high-risk positions, etc.
CoinGecko offers real-time price data on over 13,000 coins and is available on desktop and mobile devices. Its automation tool lets you input several transactions to clearly understand the outcome. Also, it comes with a free API option to add to your website or blog for live asset tracking.
One of the platform’s top features is the CoinGecko Beam, which helps improve transparency on blockchain projects. You can use this feature to follow and receive updates on new tokens and their developments.
The CoinGecko Trust Score allows you to measure liquidity on trading pairs and on crypto exchanges. This service provides a bird's eye view of overall liquidity, the scale of operations, and API coverage.
Lastly, CoinGecko is free to use, and most of its features come at no cost. Newbies can easily track their crypto portfolios without paying a cent. However, you can opt for the Premium subscription for an advanced, crypto expert-friendly experience.
CoinMarketCap is another popular cryptocurrency data aggregator with powerful portfolio tracking. This platform is similar to CoinGecko, although it has a few features that set it apart from the competition. For example, it supports manual transaction entries even in small amounts. Like the example above, CoinMarketCap offers most of its features for free, with a handful of advanced tools available for a Premium service fee.
You can use CoinMarketCap to track your current portfolio balance, gains, and losses with support for tens of thousands of crypto assets. The platform allows you to add the coins you own together with comprehensive data on buys, sales, trades, and more. Also, it updates price data 24/7 and 365 days a year to provide you with a real-time overview of asset values obtained from over 300 crypto exchanges.
CoinMarketCap offers advanced charting and data tools to help you plan future purchases and sales depending on market price predictions. This way, you can create watch lists and set price notifications for the assets you wish to trade the most. The same feature is available for Initial Coin Offering (ICO) events, where you can create a calendar of upcoming releases.
You can use CoinMarketCap on Android, iOS, or web platforms. Besides portfolio tracking, you can also rely on it for the latest news in the crypto industry, project launches, and new coin releases.
The last entry in our top-5 crypto portfolio trackers is Pionex, a bot-based crypto trading platform with competitive features. Its leading crypto trading bots help countless beginner traders make the first step in the industry without requiring expertise. This initiating support and several earning opportunities have helped it gain its current popularity.
Pionex is a crypto exchange featuring a built-in trading bot allowing you to buy or sell crypto assets based on extensive tracking data. In fact, the platform has 18 native trading bots, each with its own characteristics that you can choose for programmable crypto trading.
Pionex is ideal for beginner crypto traders because it does most of the work for them. Also, it provides them with a versatile offer of trading tools, such as spot-futures arbitrage, grid trading, leveraged grid, DCA (Dollar-Cost Averaging), and rebalancing, among others. Additionally, it has a Smart Trade terminal enabling traders to set up stop-loss, take profit, and trailing in one trade.
Opening an account with Pionex is free. However, trading using its bots comes with a 0.05% maker and taker fees charge. Therefore, while you may be at the beginning of your crypto trading career, you will have to relinquish some of your gains. Furthermore, if you already have experience in crypto trading, you may find that a bot making the deals for you is somewhat limiting.
Crypto trading is an exciting and potentially rewarding practice, especially when using a portfolio tracker. This tool can help you better understand the market, devise strategies, and monitor real-time prices. Simply put, you get all the help you need to enhance the value of your portfolio with long-term sustainability.
Source: Crypto Adventure