Your Crypto Portfolio Tracker Can ‘Make Or Break’ Your Potential Returns; Choose Wisely!

Now is an exciting time to be a cryptocurrency investor, but it’s a challenging one as well. The ground is shifting underfoot as governments seek regulatory solutions to real or imagined problems. With that in mind, you should expect to be held accountable for complying with existing and emerging regulations for buying, owning and reporting your cryptocurrency activities.

We are here to keep you abreast of these changes.

For your part, you should keep close tabs on the information we produce as well as the state of your portfolio. The latter is so you can convey accurate information about your holdings, your losses and your capital gains to taxing authorities. The best way to do that is to use one of the many cryptocurrency portfolio trackers available as apps or websites. This article is aimed at making that a simpler process for you.

**This article was provided by Crypto-IQ and Charlie Shrem. For more from Charlie and his team click the link! Crypto-IQ

Here are some things to consider when looking at portfolio trackers:

  1. If you’re an active trader or have a varied portfolio, chances are there won’t be one tracker that does everything you need. Plan on finding the right combination of trackers.
  2. Depending on how active you are, you’ll also want to find one that does bulk uploads through read-only API connections. This means the tracker can pull transactions in real time rather than you having to upload them. The second-best option here is using trackers that allow .csv or Excel uploads, meaning you’ll download your transactions from an exchange and upload them to the tracker. Both are easier than manually adding transactions, but in many cases, manual uploading is the only option, though we think this situation will improve.
  3. Cost. Most trackers are free but likely have or will eventually have a premium version that is more feature rich. Even the ones that are totally free now probably won’t be forever, especially if they get popular. Think about how much time you’ll save and whether it’s worth spending a little coin to save the time.
  4. If you’re like so many others bitten by the crypto bug, you’ll want a day/night theme adjustment for checking prices in bed so your loved ones don’t suffer for your addiction.

The alphabetical list that follows is not even close to exhaustive. There are dozens of these apps with more coming online all the time. A few have good information available and great features. But as always, DYOR.

Most others don’t, and you have to download the app or play with the tracker online before you’ll know what it can do. We don’t think this is optimal but remember we’re still in the early days of crypto. We’ve tried to answer a few questions about the apps we looked at, but it wasn’t always possible as you’ll see from the table we created at the end of this article.

Blank cells mean no information was readily available and developers either didn’t respond to questions or were impossible to reach. When we say it’s for iOS and Android, it may just be a mobile web app rather than a native app, meaning you access it via a mobile browser.

 

Bottom line: Plan to spend some time looking for the right combination of portfolio trackers to suit your needs.

 

Portfolio Trackers

 

Blockfolio

Anyone who’s looked into crypto portfolio tracking has heard of

Blockfolio. It’s a feature-rich app that gives a portfolio overview, price

notifications, charts, order books and market details on the more than

2,000 coins it tracks. Blockfolio helps you stay on top of crypto news

with its News Reader, and it has global coverage, meaning you can see

your portfolio in terms of almost any major fiat currency.

 

Unfortunately, at the moment, Blockfolio is only available for mobile, though there is supposed to be a desktop rollout in 2018. Blockfolio developers told us they’ll have a timeline for that and all features and requests in coming weeks.

 

Coin Genius

One of the features users really like on this tracker is

the read-only API connection. Coin Genius also sends

you weekly emails detailing changes to your portfolio

and lets you look at your holdings in both dollar amounts and

percentages. Fun options they’re adding soon are

Leaderboard and Social Trading, which allow you to compete

with other traders and share your trades.

 

CoinTracking

CoinTracking is, by far, one of the most feature-rich trackers

we found. It handles more than 5,000 coins and takes API

upload from many exchanges as well as from wallets and via

bulk spreadsheet upload. Visit the website for a live demo.

CoinTracking offers coin charts, a coin price calculator and

Bitcoin analysis and a tax report, among many other features.

 

Cointrexer

Cointrexer ranks right up there with CoinTracking, when it

comes to features. This Google sheets-based tracker is

unique in the crowded field of trackers. Its API interface

makes uploading transactions seamless. This tracker works

with Binance, Bitfinex, Bittrex, Coinbase, GDAX, Kraken and

Poloniex and gives users a real-time portfolio view that is

auto updated. The tracker also:

  • Automatically builds a personal profit/loss history
  • Visualizes profit and loss
  • Is Google processed, so no need to open the sheet
  • Supports multiple currencies (EUR, USD, GBP)
  • Acts as a Market Analyzer
  • Has buttons for automated tasks
  • Has a manual tab for other or non-exchange holdings
  • Allows full Access to the formulas in the sheet

**This article was provided by Crypto-IQ and Charlie Shrem. For more from Charlie and his team click the link! Crypto-IQ