As a trader, I would say that waking up at 5:30 am for work in this harmattan period is not quite as easy as keeping track of all your crypto investments. Connecting all the dots together between your new purchases, long-term holdings could be a nightmare. This is why you need a good cryptocurrency portfolio management app to know how well your investments are doing and what their real values are. I put together this list of the best cryptocurrency portfolio management and tracking platforms of 2018 so you don’t have to dig through all the options.
3 Best Cryptocurrency Portfolio Management Platforms
Irrespective of my own failings, I still think these are the best cryptocurrency portfolio management websites and apps for tracking your portfolio. Without wasting much time, here are the top crypto management tools. Note that they are in no particular order.
Cryptocompare is a prevalent community for cryptocurrency enthusiasts and they provide a portfolio management app as well. The app is readily available on the web, mobile and they have also joined it on their mobile app. However, their web interface is quite strong.
The CryptoCompare portfolio app has many features, among which are:
- Ability to create several portfolios
- Supports all cryptocurrencies
- Has very beautiful charts and graphs
- Provides you the option to add notes
- Storage specificity. This means that when adding your cryptocurrencies, you can specify where you want it to be stored
- Ultimately free to use
- Advanced chart
To me, it is still one of the best cryptocurrency portfolio management apps. You can also see the allocation percentage for each coin.
Visit https://www.cryptocompare.com/ to start using this portfolio.
If you asked me what one of my greatest regrets was, I would tell you it’s not knowing Cointracking earlier. A favorite among traders, it is by far the most advanced platform with a very robust set of features that you just don’t find on other sites and apps. CSV as well as API and they even allow you import from popular wallets like Exodus, Electrum, and Blockchain.info. Although the interface is very clean, it is also very busy because of all the great features they have. I use it along with Cryptocompare portfolio app. For those buying cryptocurrencies with the intent of holding it for months or years, Cryptocompare comes in handy. On the other hand, if you plan to do occasional buying/selling of cryptos (trading), this is the best cryptocurrency portfolio management app for you. Just like cryptocompare, cointracking is available on the web and also on a mobile app for Android and iOS.
CoinTracking is a devoted website where you do not only see your current portfolio balance, but also see data that helps you make a better decision in terms of buying/selling your coins at the right time.
More so, managing coins on various exchanges could be quite weighty. This app allows you see which coins and how much amount you are holding. Another fantastic feature that I really admire about CoinTracking is “the realized and unrealized Gain/Loss feature”.
As for millennials, you may not like the interface as it looks obsolete but that’s a tradeoff you need to do regarding functionalities. The best part is that you can connect to all popular exchanges using the API feature and it automatically fetches the new data.
Summarily, here are some features that this app offers.
- Ability to import data from old exchanges such as Binance, Bittrex, Bitfinex etc.
- Automatic deduction of balance when making a trade
- Add Cryptocurrency as free/gifted
- Available for Android and IOS.
- Free and paid plan
- Automatic tax calculations
The free plan lets you manage up to 200 trades, and you can upgrade to an unlimited plan by paying a nominal fee in any cryptocurrency you want. After trying the free plan for a couple of days, I ended up upgrading to pro plan and it turned out to be a great decision.
CoinTracking has been online since 2013 and the team keeps adding new features as cryptocurrency industry is going. Want to start using this wonderful portfolio?
Visit https://cointracking.info/ and thank me later.
Blockfolio is another decent app for managing the crypto portfolio. It solves one major problem of deducting the balance from the coins when you sold it. Another cool feature is that when you buy a new coin (and add it to the portfolio), you will be able to minus the BTC/ETH or any other parent currency that you used to buy the new coin.
Here are some of the features it offers:
- You can see coin charts (very cool feature)
- You can set alerts for price increase/decrease of any coin
- Displays book of your selected exchange
- Available for iOS and Android
Understand that the above solutions I have provided above have their advantages as well as their disadvantages. The app that will work best for you is completely reliant on the type of investment and trading you do. Undoubtedly, this is one of the best cryptocurrency portfolio management apps.
But, like I said earlier, if you are someone who holds long-term coins and has started trading once in a while on Binance, Bittrex, Cryptopia, Gate.io, Bitfinex, KuCoin, Coss.io or any other site, a simple app can’t do the job. For you the best app is CoinTracking.
Visit https://www.blockfolio.com/ to see what I am talking about.
For someone who intends to buy long-term cryptocurrencies and plans to hold it for months or even years, you are better off with the Cryptocompare portfolio app.
If I were asked to pick the best cryptocurrency portfolio management app or website for someone who is just starting out with a mindset of getting serious in crypto investment and trading, I would recommend CoinTracking. It tackles the major problems of taxation. Even if you are dealing with 100+ cryptos, it mystically shows you your profit and loss. Moreover, the kind of data it offers, you can easily do day trading and good cash just by buying or selling when a coin value has grown or depreciated.