In cryptocurrency, it is very useful to have tools for tracking crypto portfolios. These tracking tools allow users to easily monitor the performance of all their cryptocurrencies in one location. When using a portfolio, you are able to see which of your crypto investments is performing the best in real-time. Moreover, you can compare it with your other crypto holdings.
It’s important that we bring this tool up because it ties into a stressful event from last year.
Following a series of all-time-highs in the market towards the end of 2017, most crypto investors were unsurprisingly watching their portfolios closely in 2018. There was an overwhelming sense of concern and anxiety because the slump seemed like it would not end. Needless to say, the sudden collapse of the market during the previous year was putting investors on edge.
Traders with more experience, on the other hand, were taking advantage of the bear market. They would do so by closely tracking the market and buying back in when the all-time-lows hit. Still, there were a great number of users that were still in need of confirmation concerning the market’s complete recovery.
Regardless of which group you associate with, you will definitely need a portfolio tracker. Moreover, you need one that is as accurate as it is prompt. In the case of crypto investments, excel sheets will clearly not be enough.
Intro to tools for tracking crypto portfolios
Having only a handful of cryptocurrencies in your portfolio is a thing of the past. Nowadays, there are so many options available for investors to choose from. Because of this, it is suddenly difficult to track and handle diverse crypto investment portfolios.
Admittedly, the process can be tiresome. While this may be the case, there are plenty of helpful apps and online services that are becoming readily available. They can assist you with the prominent issue pertaining to portfolio management. The intent is to simplify how you track your assets and performance while also staying knowledgeable of your investment decisions.
There are hundreds of trackers that exist. They give users an array of choices for a singular objective. It is important to have a good portfolio management system when it comes to making astute investment decisions. With that in mind, testing out all the available apps and software to find the best ones takes time. For that matter, it is not exactly a practical solution.
On top of simple tracking functionality, there are applications with more sophistication in their design. These ones are starting to rise, which will effectively take the process a step further. Such services include trade facilitation, strategy automation, and the maintenance of your portfolio over a period of time.
With these features, these applications could save you both time and money. This article will go over some of the top crypto portfolio trackers available in the market today. By diving into what makes each option unique and serviceable, you can get an insight into which ones suit you.
1 – Gem
Gem, as its name suggests, is making a name for itself as being a gem among all the portfolio trackers. This particular tracker offers one of the best user experiences and is arguably the easiest to use. Getting started with it is actually quite straightforward and the aesthetic design is very appealing.
As a whole, Gem is very app-heavy with a light web presence. In other words, only the Discovery section is accessible from the web. This tracker allows exchange sync functionality, so there is no need to enter trades manually anymore. Furthermore, you are able to create a Gem account, thus allowing the porting of portfolios. Gem is a platform that is completely free-to-use and as a bonus, there are no latent conditions or paid plans.
A majority of portfolio trackers are not capable of importing/retaining portfolio. This is especially true when people end up losing or replacing their handheld devices. With Gem, however, you can create an account and that account will have a link to the portfolio. Therefore, the next time you replace your phone, you can simply log in to your Gem account from your new phone. Your portfolio will be there as it was.
Exchanges and cryptocurrencies it supports
Gem is supportive of all cryptocurrencies and fiat. In addition, it supports exchange sync with the top 25 crypto exchanges with more anticipating to come. All you need to do is link your API key with Gem. Doing so will allow the trading history on your exchange account to automatically sync to your Gem account. This will effectively eliminate all need to manually add trades.
The crypto exchanges that Gem supports include the following, among others:
2 – CoinStats
CoinStats is one of the largest portfolio tracking applications that exist in the cryptocurrency market. The number of active users on the platform exceeds 300,000. It provides both a complete web and mobile experience and makes it easy to stay up-to-date on your cryptocurrency portfolio. This is regardless of what device you are currently using.
The CoinStats services are supportive of thousands of assets across over 100 diverse exchanges. With this app, you will always be aware of what is happening in the market. The system consists of an array of features like personalized news, price notifications, and portfolio buildings.
But what if keeping your assets on exchanges doesn’t interest you? If that’s the case, then there is no need to worry. CoinStats also makes syncing wallets and inputting manual balances a simple process.
Last but not least, quick trading permits the fastest possible way to move in and out of positions through the application. All you have to do is select the asset you want to sell and the asset you want to purchase. Afterward, CoinStats will promptly route the trades to successfully make it happen.
3 – Blockfolio
In terms of portfolio tracker popularity, Blockfolio is an app that ranks very high on the list. And for good reason. Altogether, it has over 5 million downloads and 90,000 reviews in the Google Play Store and Apple App Store. Probably the most vital element with this particular app is its overall intuitive design.
The primary focus of Blockfolio is entirely on the app with next to no web-available features. It permits the tracking of multiple portfolios. Much like the Gem app, Blockfolio is an application that is free-to-use for all of its features. With that said, there is no exchange sync capability. This basically means that all trades will have to undergo manual additions.
An especially useful feature in Blockfolio is the ability to add multiple portfolios. With this, it is capable of allowing users to classify their investments into different categories. What’s more, it will permit users to track them independently. However, the catch comes with the fact that there is no exchange API sync capability. Therefore, all trades need to be manually added. Blockfolio’s system lets users import their portfolio(s).
This is greatly beneficial if there is a replacement for your handheld device or if someone steals it. You need to backup your Account Token ID (under “Data Recovery & Transfer” in Settings) and send an email to firstname.lastname@example.org.
Among the most popular features of Blockfolio is ‘Blockfolio Signal’. This feature allows projects to send notifications and alerts directly to the Blockfolio App. These include technical developments, partnership news, and a wide variety of other updates. This, along with the Explore section that lists the latest news on crypto, provides a good space to stay up-to-date. Moreover, you are also able to customize the Explore section to select specific news sources to list the news from.
Recent release update
With the 2.2 release from earlier this year, Blockfolio is now beginning to support automatic trade imports. They are doing so from various leading exchanges such as:
- Coinbase and Coinbase Pro
To reiterate, Blockfolio is totally free-to-use, much like Gem is. However, a comment in a recent blog post by Blockfolio founder, Edward Moncada, may contradict this. He mentions that the developers are planning to monetize the app later around ‘Blockfolio Signal’.
All in all, Blockfolio’s approach is very much “user-first.” Moreover, it aims to create the best products to help the advancement of the decentralized movement. In the words of Moncada:
“At Blockfolio, we believe that market data and information should be freely available for the benefit of the ecosystem. We are committed to always providing our services 100% free of charge to our end users.”
4 – Shrimpy
Shrimpy is a crypto exchange trading bot primarily for the purpose of portfolio management, market indexing, rebalancing, and strategy backtesting. It is perhaps the most popular portfolio management application. Part of this widespread appeal is the way it combines two distinct fields: that of tracking and that of trading.
The overall design of this application has a number of advanced features, which separate it from others in the industry. It comes with a ‘universal exchange interface’, allowing you to have a birds-eye view of your entire crypto portfolio. The great thing about this is that it’s all in one location. Investors and traders are able to easily link all their exchange accounts with Shrimpy, plus instantly see their portfolio. All of this is on a cooperative dashboard interface.
There is another important feature that makes Shrimpy so appealing and that is its portfolio backtesting. With this, investors and traders are able to backtest with up to 5 years of historical data. This is data that was collected from each exchange platform with explicit bid-ask market data for additional precision. By using Shrimpy, you can categorize your portfolio and keep track of the performance across all your hardware wallets. This also includes cold storage and even exchange accounts. And again, this is all on a cooperative dashboard.
Going the extra mile
Shrimpy is already an application that is pleasing because of its features. However, it does more to go beyond being just an exceptional portfolio tracker. It goes that extra mile to provide its users with a complete suite of tools that allow for an array of actions. These include automatic trading, active management of the portfolio, and trade execution.
Its primary target is largely investors and consumers that have experience. Above all else, it is the ideal application for managing everything. Whether it be asset selection or portfolio tracking and trading, this application is a perfect aid. If you consider yourself to be more of a passive investor, then you need not worry. Shrimpy also offers the most state-of-the-art set of cryptocurrency indexing tools. All you need to do is select an indexing strategy and, within seconds, Shrimpy will have it up and running.
5 – CoinTracking
CoinTracking is an app that tracks portfolios and offers an array of features. It is aimed predominantly at cryptocurrency investors and full-time traders that are comparatively more serious. Specifically, those who want something beyond simply a spreadsheet that displays their portfolio.
The CoinTracking app is accessible for both the Android and iOS, however, registration is strictly on their website first. Furthermore, entering the trades needs to be through their website which, let’s be honest, is kind of irritating. The app will redirect you back to their website whenever you attempt to enter any trade through it. In a way, mobile apps are supposed to operate more like accessories that complement the web product.
Admittedly, the interface is a little out-of-date, though it is not at all gimmicky. You are able to import all your trades from major exchanges by importing the .csv files along with trade details. In addition, CoinTracking allows communication between major exchanges with the use of API keys. By utilizing them, the system can import the latest portfolio and trading data. There is also another option to import data from hardware wallets, such as Trezor. Alternatively, from software wallets like Exodus or Blockchain.info.
CoinTracking will permit you to check historical price data of all major coins and tokens in specific currencies you choose. Moreover, there is an experimental Bitcoin Analysis section. The intent of this is to forecast the price action of BTC by drawing from previous trends. Be that as it may, we do not know how accurate their price predictions really are quite yet.
Overall, CoinTracking is the best crypto portfolio tracker for those with extensive and admirable experience. It’s ideal for anyone needing assessments, charts, and reports that surpass the needs of the average retail investor.
6 – CryptoCompare
CryptoCompare, put simply, is an entire ecosystem; one that whose construction is primarily for crypto. For instance, there is a section that compares different cryptocurrency wallets. There is also a section that provides information in regards to cryptocurrency mining. Moreover, there is a news section that keeps users up-to-date about significant occurrences in the crypto world. Among the many components of this ecosystem is the portfolio management tool.
Users are able to create an account, as well as add multiple portfolios to it. Any and all data additions to the account are put into storage in the cloud. This way, you won’t lose your data, even in the event of your phone going missing. You also have the option to allow other people to view your portfolio.
The Android and iOS apps are diminished extensions of what the website gives you, but they are handy nonetheless. Upon coin and purchase price entry, CryptoCompare then calculates data. This includes realized profit or loss, the total revenue, and your pending taxes.
It does not stop with the analysis tools, as there is also a wide variety of enjoyable features. Such features include the following:
- A list of public portfolios that are available for general viewing
- An ICO tracker that will track some of the most popular ICOs from their inception date
In addition, there is a live feed from top exchanges. With it, you can see and keep track of the performances of the tokens.
7 – Delta
Delta is an app that has over one million downloads and is, in many ways, similar to its popular counterparts. It is accessible on Android and iOS and has desktop clients supporting such systems like Windows, Mac, and Linux. You have to sync the desktop client with your Delta mobile app prior to using it. The overall design of Delta is very minimal, possessing a corporate look and feel to it. Moreover, it visualizes your portfolio with intuitive graphs. This way, you are able to have a brisk survey of your assets.
Delta is fully capable of connecting with over 7 exchanges in order to import your balances and trade activity. It can also sync with a select few crypto wallets so that it can import your holdings and portfolio. Apart from your pre-existing portfolio, you can also add coins from your watchlist. Moreover, you can track their performance.
An especially intriguing feature that Delta has is its ‘Account Recovery’ feature. With it, the app generates a recovery passcode that you can later use as a means to recover your account.
Delta is supportive of over 3,000 cryptocurrencies. What’s more, it collects data from just over 200 exchanges for the most accurate price information and market data. Similar to Blockfolio, Delta has a special feature called ‘Delta Direct’. With it, you can receive instant notifications and updates. Moreover, you are able to communicate directly with the team behind specific coins or forthcoming ICOs.