The crypto space has exploded in the past few years primarily driven by its accessibility. Despite recurring hiccups, the number of crypto users has increased consistently worldwide. Do not believe us? Check these numbers out. The global crypto users saw a staggering growth of 178% in 2021, leapfrogging from 105 million in January to 295 million by the end of the year . As per Crypto.com, they expect the number of global crypto owners to reach 1 billion by the end of 2022.
Looking at these numbers, one cannot deny that advocates of cryptocurrency are increasing at a rampant pace. It is critical to note that purchasing crypto is just the first step toward building your crypto portfolio. If you want to monitor the performance of your portfolio, use the best crypto portfolio management tools. Right from the price of different cryptocurrencies to their real-time performance, the best crypto portfolio trackers ensure you are on top of your crypto investments.
Choosing the right crypto portfolio management application can be tricky. This is because of the sea of crypto portfolio trackers that have spurred in the last couple of years. So how do you choose the most suitable crypto portfolio management tool?
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Crypto portfolio management done right with these tracking applications
We have handpicked some of the best crypto portfolio trackers to make it easier for you. Read along to find the right commercial and open-source crypto tracking applications. Remember, investing in crypto is not enough, you need to be doing it the smart way.
These crypto portfolio management applications empower investing. You will experience this only when you use these tools.
Let’s explore these tools without wasting more time.
A premium crypto portfolio tracker, CoinStats offers all the tools one needs to manage their crypto portfolio. Besides, the application will feed you customized crypto news and real-time analytics to ensure you do not miss the hot trends within the industry. With these insights, you can make informed investment decisions and ensure you are on the right track. Besides, you will find support for an array of wallets and exchange accounts through API keys. You will see charts that highlight growth per asset or the entire portfolio.
There are three heat maps that segregate profit and loss-making assets. The analytics offers deeper insights into the most profitable and loss-making coins, total fees, withdrawals, and top exchanges.
Although CoinStats does not have a free plan, a 3-day free trial is available. You can judge the different aspects of the tool and decide whether it fits your needs.
CoinTracker is one of the most popular crypto portfolio management applications, and for a good reason. Users can track every investment they make in the crypto space with no hiccups. CoinTracker supports over 300 exchanges and 10,000 cryptocurrencies.
If you are looking for the real-time market value of a particular cryptocurrency, CoinTracker has you covered. In addition, the performance charts offer important insights based on the date and crypto.
The best part is that you can add five wallets for free and gradually transition to paid tiers if you wish to add more wallets.
Delta offers a 360-degree view of your crypto portfolio along with the real-time performance of different cryptocurrencies. In the free version, you can connect only two exchange platforms. These limits are lifted in the paid version. A similar policy can be seen for adding crypto wallets.
Free users can analyze transaction history, source, and coin split. The advantage of opting for the Pro version is that all your investment decisions and fee breakdowns are displayed concisely.
Similar to CoinTracker and CoinStats, there is a news section that delivers the hottest and the most trending news pieces that apply to your portfolio. Delta is an excellent choice for individuals with a very diverse portfolio which includes bonds, ETFs, crypto, and stocks.
If crypto is not on your mind 24/7 and you do not invest in it regularly, CoinGecko is the perfect application for you.
Automation takes a backseat as CoinGecko primarily relies on traditional manual entries made by users. Besides, users can also build multiple portfolios to find out the merged profits or losses. If you are looking to use API entries, CoinGecko may not be the right tool for you.
Although a few advanced features are missing, CoinGecko compensates for them by offering a free experience to all users.
Kubera is a good example of “one app to do it all”. It is one of the best crypto portfolio trackers for minimalists.
Kubera can handle a wide range of asset classes such as crypto, home, website, car, stocks, and more. API imports are available for all crypto transactions. However, you can also make manual entries if a certain exchange is not listed.
Pie charts are available to showcase the percentage of different assets in your portfolio. Although users have to pay $1 to unlock the 14-day trial, this approach ensures to keep free-loaders away.
Altrady is arguably one of the most advanced crypto portfolio management and trading platforms in the world. It supports transaction entry via CSV or XLSX uploads and API integrations.
Users are required to create a password-protected vault in which they can save all their API keys. Besides Altrady offers a function that allows you to authenticate certain devices and set two-factor authentication.
You can add notes with snapshots of charts to prevent past errors. Further, Altrady monitors and integrates significant market news into the dashboard.
Finally, Altrady appears to be the best option for experienced traders but offers no free subscriptions.
CoinMarketCap’s crypto portfolio tracker works as that of CoinGecko. What we mean is that users are required to make a manual entry of their transactions.
In addition, it is an ideal tool for users who make very few transactions. Users can build different portfolios and see all changes as preferred. Although CoinMarketCap is free-to-use, premium features are missing.
8. The Crypto App
The Crypto App is a top-rated smartphone-only crypto portfolio tracker and news aggregator. The application allows you to integrate native blockchain wallets and top exchanges seamlessly. Besides, many users have appreciated the application’s widgets that allow them to stay on top of their portfolio without opening the application every time.
Similar to other applications, the free version comes with a limited feature set. The onetime payment paid version allows users to add unlimited exchanges and wallets. Besides, users can choose from additional UI customizations, and widgets, and enjoy the application without ad interruptions.
Shrimpy is another excellent social trading platform for cryptocurrencies. It comes with an intuitive interface, a unique feature set, and very responsive customer support.
It is an intuitive portfolio tracking application that connects to all of your exchanges and wallets so you can effectively control your assets. It enables quick trading, performance tracking, and market analysis.
It would be fair to call Bitstamp a trading platform rather than a crypto portfolio management platform. Bitstamp enables users to manage over 70 crypto assets for trading from their mobile phones.
Since Bitstamp is a mobile-only application, you can manage your crypto portfolio from any place.
You can see real-time changes to your portfolio over time as a visual chart. You can choose to view the charts for a particular day, week, month, year, or all time. The chart, it will illustrate the worth of your portfolio at the specified time.
As a result, you can monitor your earnings. You may also track your transaction history, balance, open orders, favorite currency values, and fiat and cryptocurrency balances by using this crypto portfolio management application.
Although these crypto portfolio management tools are available, a cohort of traditionalists exists. They prefer using spreadsheets to manage and streamline their finances and portfolios. Although there is nothing absurdly wrong with that, these methods consume a lot of time.
Besides, as one explores these modern and advanced applications, one recognizes the benefits associated with them. Due to this, we expect more and more people to use these cryptos tracking and management applications in the upcoming years.
You can either choose from our list of the best crypto management software in 2022 or do your own research to pick an application for your needs.
Do you use crypto tracking applications? Which is your favorite application and why? Leave your comments below. We would love to hear from you.
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Feature Image Source: Photo by regularguy.eth on Unsplash
Image 1 Source: Coinstats
Image 2 Source: Shrimpy
 (2022) “Crypto Market Sizing Report 2021 and 2022 Forecast” Crypto.com [online] Available from: https://crypto.com/research/2021-crypto-market-sizing-report-2022-forecast Accessed:[August 2022]