If you think, you’re now getting to a pro level in cryptocurrency trader, seriously, you need something good other than excel sheets to quickly analyze your cryptocurrency portfolio and also take a call on buying/selling.
When I started trading on cryptocurrency, I was using Excel sheets. Which was quite tiresome, considering the number of entries that would input. Moreover, since most of the task was manual, so, it’s important to input it manually, I often missed out on good buy/sell time. After many months of frustration, I had to fasten my belt, to look for a solution, and that’s when I found about cryptocurrency portfolio management apps. These apps are mainly developed to help seasonal or full-time cryptocurrency investor and also traders for effectively monitoring and managing their portfolios.
I will be dashing out some of the best portfolio management apps you can use(for cryptocurrency users). You just select the one depending on your requirement. However, some of the things to consider:
- Someone who has just invested in Bitcoin and needed to view the current price along with their holding, they can use it to work with any basic app.
- Someone who has also invested in other cryptocurrencies like Dash, ETH, Stratis, Zcash, and others.
It also works for people who invested in bitcoin and is also actively buying/selling to take out the profit. They are not fundamentally day traders but they are actively trading and booking profit instead of long-term holding like many others.
- Someone who is day trading and needs an extensive chart and signals to make a better decision about when to sell and when to buy.
There are many other things, but these are the major four scenarios at large. No matter which one fits to you, these portfolio management apps can assist you to level up your game and also take your cryptocurrency investment to another good realm.
Let’s go straight to the point, here are some of the best apps that will help you keep track of your cryptocurrencies portfolio and even the profit and loss from them.
The best method to manage and also track your Cryptocurrency portfolio:
Cryptocompare is a popular center for cryptocurrency enthusiasts, and they offer a portfolio management app. You can find the app on the web, mobile and they have also integrated it into their mobile app. But, their web interface is pretty solid.
Some of the features you’ll find on CryptoCompare portfolio app are:
- Create multiple portfolios (e.g., dream villa or car)
- Supports all cryptocurrencies
- Beautiful charts and graphs
- Option to add notes
- When adding cryptocurrencies, you can even specify where it is stored
- Free to use (it is in beta stage, so expect a few bugs)
- Risk analysis (I love this feature)
- Advanced chart
This app needs a dedicated post to help you understand how it works. However, on this list, this is the best crypto asset management app. You can also see the all your allocated percentage for every coin.
Another thing is that since everything is in the cloud and under your registered account, you don’t need to be scared or worry about losing track of your portfolio. You can as well access your portfolio anytime from the desktop, mobile browser and they do have a mobile app as well. However, the mobile app is not as robust, unlike their web interface. You even make your portfolio public or private and share it with others.
If you have never used a cryptocurrency portfolio app, begin with this.
Seriously, if I had known CoinTracking earlier, it would have reduced my stress. Because is my go-to cryptocurrency portfolio management app now. I use it together with Cryptocompare portfolio app. For those buying cryptocurrencies to hold it for months or years, Cryptocompare does a pretty decent task. On the other hand, if you’re planning to deal with occasional buying/selling of cryptos (trading), honestly, this is the best solution for you.
You can get CoinTracking on the web and its offers a mobile app for Android and iOS. CoinTracking is a dedicated website where you see both your current portfolio balance and also data that helps you make a better decision regarding buying/selling your coins at the best time.
Besides, managing coins on various exchanges could be inconvenient, and this app lets you view which coins and how much amount you are holding. Another great feature that I like about CoinTracking is the realized and unrealized Gain/Loss feature.
Millenials may not like the interface as it seems outdated, but that’s a tradeoff you need to do regarding functionalities. The best part of this app is, you can connect to all popular exchanges using the API feature, and it automatically fetches the new trading data. Apart from saving your time, this makes sure you are updated of the coins you have.
Some features of CoinTracking:
- Import data from existing exchanges such as Binance, Bittrex, Bitfinex and many more
- Auto-deduct balance when making a trade
- Add Cryptocurrency as free/gifted
- Android and iOS app available as well
- Free and paid plan
- Tax calculations
The free plan of the app lets you manage up to 200 trades, and you can as well upgrade to an unlimited plan by paying a fee using any cryptocurrency of your choice for the payment. After trying the free plan for some days, I ended up upgrading to pro plan, and it turned out great.
CoinTracking has been online since 2013, and the team keeps adding new features as cryptocurrency industry is going. If you need to pick just one app from this list above, look no further than picking CoinTracking.
Delta is a popular alternative to Blockfolio app, because, they’ve nice features than Blockfolio.
But, I’m not saying Blockfolio useless but, of course, it does makes it less attractive for new users.
Delta has mobile apps for Android and also iOS versions with more than 2000 coins waiting to be added to your portfolio.
Also, you add BTC, ETH or fiat currencies as your reserve currencies and deduct you period purchase from these reserves to get an overall picture of your portfolio.
Here are some great features of Delta app are:
- Separate portfolio and watchlist walls.
- Price action alert system for each exchange & all available trading pairs
- Coin analysis chart, volume, market cap etc.
- Manage up to 10 different portfolios in the Pro Delta version of the app.
- Sync data with up to 5 different devices.
- Completely mobile-based app
Apart from those mentioned above, their community and development team is very much active in developing Delta app. In 2018 you can expect features like API sync, advanced alerts, order books, etc.
Note: I’ve been using this app pro for the past 5days, believe me, the UI is the best you can get anywhere. Also, the variety of coins and fiat currencies that they support is simply commendable plus they are under continuous development & improvement.
Blockfolio is a great substitute for the above one as it tackles one major problem of deducting the balance from the coins when you sold it. Another great feature here is, when you buy a new coin (and add it to the portfolio), you will be able to deduct the BTC/ETH or any other parent currency that you used to buy the new coin.
Here are some great features you can find on BlockFolio:
- Completely mobile-based app
- Help you to see final coin value
- You can see coin charts (this is one super cool feature)
- You can set alerts for price increase/decrease of any coin
- Shows book of your selected exchange
- Available for iOS and Android
Account feature is not allowed yet which is one big limitation of Blockfolio. But, you can save your BlockFolio token ID by going to the settings page of the app.
Overall BlockFolio is a growing app, and if you want something mobile-centric, this app is exactly for you.
Which of the best Cryptocurrency Portfolio app do you like?
All them apps I have listed above have their pros and cons. What will work for you is entirely depends on your style of investing and also trading. If you are someone who has been holding long-term coins and has started trading once in a while on Binance, Bittrex, Cryptopia, Gate.io, Bitfinex, Bittrex, KuCoin, Coss.io or any other site, you can’t rely on a simple app. For you the best app is CoinTracking.
For those of you that want to buy a couple of long-term cryptocurrencies and plans to hold it for months or years to come, you are better off with the Cryptocompare portfolio app.
If I want to pick one for someone who is starting out with the aim of getting serious in crypto investment and trading, I would recommend CoinTracking. It solves the major headache of taxation, and even if you are dealing with 100+ cryptos, it magically shows you your profit and loss. Moreover, the kind of data it provides, you can easily do day trading and make a lot of money just by buying/selling when a coin value has grown or decreased.
We would like to hear from you, what Crypto portfolio and tracking app do you use to manage your cryptocurrencies. If you know of something that is working great for you, do share the name as well as the features that you like most about the app you are currently using.
We hope to hear from you, If you know of others who are investing in cryptocurrencies, do share this post with them.