https://ift.tt/PudrJ4t Portfolio Tracking Apps You Should Have on Your Phone in 2022

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Whether you have been in the cryptocurrency space for a few years, a few months or even a few days, you’ve probably already witnessed how volatile cryptocurrency prices can be. Plus, with cryptocurrency being so decentralized, you probably have multiple wallets all over the place each containing a portion of your cryptocurrency portfolio.

The volatility in cryptocurrency prices and multiple wallets with cryptocurrency assets make it very difficult to keep track of the performance of your entire cryptocurrency portfolio. With this being the case, a cryptocurrency portfolio tracker is just the tool you need to watch how your entire portfolio performs – no matter how many cryptocurrency wallets you have or platforms you use.

In this article, we will take a look at some of the cryptocurrency portfolio tracker applications available in the market.

What is a cryptocurrency portfolio tracker?

A cryptocurrency portfolio tracker is a website or application that allows you to manage your investments and keep track of the price changes of all the coins in your portfolio.

To achieve this, trackers link to all of your cryptocurrency wallets and exchange accounts to give you an overall perspective of how your cryptocurrency portfolio is performing across the different platforms. Cryptocurrency portfolio trackers are ideal for large-scale traders who have more than three coins that they actively trade in their portfolio.

Now that we have taken a look at what a cryptocurrency portfolio tracker is, let’s take a look at some of the available options in the market.

Cryptocurrency trackers you need

There are quite a few options to choose from when looking at the available cryptocurrency portfolio trackers in the market. These are the apps that we think every crypto investor needs to have on their smartphone. So, we’ll take a look at some of the best options as well as some key features that will determine the best one for you.

CoinTracker

The first cryptocurrency portfolio tracker on the list is CoinTracker. CoinTracker offers a wide array of services within their cryptocurrency portfolio tracker including automated portfolio tracking for over 300 exchanges and over 8,000 cryptocurrencies, as well as tax reporting and cost basis accounting methods that help you tax-loss harvest your portfolio and save on your cryptocurrency portfolio taxes.

Registration

All of the CoinTracker services can be accessed through their website or through their mobile app, which is available for both the iOS and Android operating systems. The platform is ideal for any cryptocurrency investor – from beginner to expert.

To get started, simply sign up on their website or mobile app. You will then receive an email from them wanting you to confirm your email address. Once you have confirmed your email address, you’re all set up and ready to start tracking your cryptocurrency portfolio.

The next step that you will need to complete is adding your wallets to CoinTracker. This process is also relatively simple as all you need to do to add a wallet is input your wallet’s public key and specify the wallet type (i.e., MetaMask, Trust Wallet, Coinbase, etc.) Once done, you will be able to view all of your wallet balances from the CoinTracker platform.

Pricing

CoinTracker does offer a free tier option. However, their free tier is fairly limited as you can only add a maximum of five wallets to the tracker and won’t have access to all of the services available on the platform.

To unlock the full suite of services that the CoinTracker platform has to offer, you will need to choose between one of their paid subscriptions. Apart from the free tier that is automatically activated on sign-up, other subscription options are ‘enthusiast,’ ‘pro’ and ‘custom.’

Each subscription package allows you to connect to more wallets as well as unlock more of the available services the higher you go up the tier level. For example, the pro subscription gives you priority support and tax-loss harvesting.

The cost for each of the paid subscriptions is a monthly cost and can range from approximately $16 per month for the enthusiast subscription, all the way up to $113 per month for the pro subscription package. There is also a custom option offered that is priced according to your individual needs and portfolio.

Summary

According to reviews, the performance of the free tier platform is not up to standards. This could be to incentivize people to purchase a paid subscription. Also, you are only able to link up to five wallets to the CoinTracker platform on the free tier.

This might be adequate for someone just holding between one and three cryptocurrency coins on a handful of wallets but is not ideal for seasoned cryptocurrency investors who average several wallets across many different platforms each.

Although the tax service offered by the CoinTracker team leaves the stress of handling your cryptocurrency taxes with them and not you, the service can be quite costly as you are charged on a per-transaction and per-cryptocurrency basis.

Once again, this may be adequate enough for a cryptocurrency investor who is just buying and holding between one and three coins for the long term – but not ideal for someone who transacts to different platforms on an ongoing basis. Lastly, there have been several complaints that CoinTracker’s user interface is outdated.

TradingView

Although TradingView is focused more on a market rather than a portfolio, it is still a great tool for professional cryptocurrency investors and can complement any cryptocurrency portfolio tracker if used correctly. Investors can access a variety of cryptocurrency trade-related resources including live streams from other cryptocurrency traders, trade articles, trade ideas and so much more. These resources can be accessed through TradingView’s website or the mobile app that is available for both Android and iOS.

Registration and pricing

The sign-up process is also very simple. A downfall of TradingView, apart from not having a cryptocurrency portfolio tracker, is that all of the resources available on TradingView are not available in the free tier. To access the full range of resources you will need to pay a monthly subscription of $59 per month.

Summary

The platform is really only ideal for professional cryptocurrency traders and investors, investors with programming experience and traders who want minute-by-minute updates. Other than offering a few additional investment resources, TradingView is not suited for the novice cryptocurrency investor unless you pay the monthly subscription to access the full list of available resources.

NOWTracker

Last but definitely not least on the list is NOWTracker. NOWTracker is an innovative new cryptocurrency portfolio tracker and is the brainchild of ChangeNOW – a non-custodial cryptocurrency exchange service. What separates NOWTracker from any other cryptocurrency portfolio tracker is that it gives you a wide list of services and great features – all at no cost.

These services and features include the ability to track over 7,000 cryptocurrency assets – both on centralized and decentralized exchanges – and a unique backup feature that allows you to restore your portfolio tracker on another device, as well as a state-of-the-art simplistic user interface. All of these features can be accessed through their mobile app on both Android and iOS devices.

Registration

No registration is required to start using NOWTracker. It’s simple to start connecting your existing wallets and managing your crypto portfolio.

Another great piece of functionality available on NOWTracker is the ability to connect to a vast list of exchanges as well. This way, you won’t need to enter each trade or transaction that you make on an exchange manually – NOWTracker will just read all of your latest activity on the exchange.

Don’t worry, this is completely secure as the platform only uses read-only access. So, it can’t place trades or perform withdrawals and deposits on your account. Apart from keeping track of your exchange activity, NOWTracker can also keep track of your wallet activity in real-time using block explorers.

To add wallets and exchanges, simply enter the public key of your cryptocurrency wallet as well as a bit more information regarding the wallet, and NOWTracker will begin tracking your wallet activity.

The great thing is that you are not limited to how many wallets you can connect to NOWTracker. To add an exchange connection, you will need to create a read-only API key on the exchange platform that you want to connect to and enter this API key into NOWTracker when creating an exchange connection.

Pricing and summary

There is no payment required to use NOWTracker. The services include automatic and manual tracking as well as for analytics.

Being the brainchild of the ChangeNOW cryptocurrency exchange ecosystem, NOWTracker can connect with other products in the ecosystem including NOWPayments, NOWWallet, NOWNodes, etc. Also, the team is very responsive to the community and is constantly updating the app according to user feedback.

To recap

A cryptocurrency portfolio tracker is an essential tool for any cryptocurrency investor to keep track of the overall performance of their cryptocurrency portfolio across multiple platforms. In this article, we have reviewed three tools that can be useful for portfolio tracking and management. To choose one, here is a closer look at the main features like registration process, availability on preferred OS and a potential budget.