Crypto Portfolio Tracker

What is a Crypto Portfolio Tracker?

A crypto portfolio tracker (or cryptocurrency portfolio tracker) is a digital asset management platform designed to provide users with an overview of their investment portfolio.

Key Takeaways

Crypto portfolio trackers help investors monitor and manage their digital assets, including cryptocurrencies and NFTs, with real-time updates and historical data.
They often sync automatically with exchanges and wallets via APIs.
Top trackers offer tools like tax reporting, risk management, performance analytics, and diversification insights.
Some portfolio trackers offer tax optimization tools that help with tax-loss harvesting and generating tax reports, simplifying the process of tax compliance.
When choosing a tracker, consider its integration capabilities, ease of use, security, tax reporting features, and cost.

Table of Contents Table of Contents

What is a Crypto Portfolio Tracker?
Key Takeaways
What is the Best Crypto Portfolio Tracker?
How Does a Crypto Portfolio Tracker Work?
Why is Crypto Portfolio Tracking Important?
Key Factors to Consider When Choosing a Crypto Portfolio Tracker
The Bottom Line
FAQs
References

Table of Contents

What is a Crypto Portfolio Tracker?
Key Takeaways
What is the Best Crypto Portfolio Tracker?

Show Full Guide

How Does a Crypto Portfolio Tracker Work?
Why is Crypto Portfolio Tracking Important?
Key Factors to Consider When Choosing a Crypto Portfolio Tracker
The Bottom Line
FAQs
References

What is the Best Crypto Portfolio Tracker?

While the crypto market is filled with hundreds of portfolio trackers, selecting the best option is often challenging. This section reviews some of the best solutions available.

Blockpit

Blockpit is a crypto tax and tracking software that offers support to 160+ exchanges, 180+ blockchains, 70+ wallet providers, and over 2,500 dApps.

The platform offers a detailed insight into your portfolio by allowing you to track over 300,000 assets that include coins and tokens, NFTs, precious metals, derivatives, and more.

On top of being a portfolio tracker, Blockpit enables you to get detailed and accurate tax data and pre-filled tax forms for 10+ jurisdictions, making it a great all-around platform for diversified investors. Its tax optimization feature also allows for better tax optimization for the purposes of tax-loss harvesting.

Blockpit’s portfolio tracking is completely free, while its tax reports start at $49.

Blockpit is currently offering a 15% discount on new users’ first purchase. Click here to claim the deal.

CoinStats

CoinStats is a dedicated cryptocurrency portfolio tracker. The platform offers seamless portfolio management and swift integration to over 300+ crypto exchanges, blockchains, and wallets such as MetaMask and Trust Wallet.

CoinStats provides an organized and comprehensive insight into your portfolio that aids decision-making in line with the investor’s financial goals.

Users can view real-time price updates for over 8,000 digital assets on CoinStats. The dashboard is sleek, and your financial data is protected against external threats by military-grade encryption.

This portfolio tracking software also offers an alert system, notifying users of price swings at preset figures. CoinStats has a free plan that limits the number of portfolios that can be created. The unlimited plan starts at $9.99.

CoinMarketCap

CoinMarketCap is a leading cryptocurrency data aggregator and portfolio tracker that works both on the web and as a mobile app for Android and iOS devices.

The CoinMarketCap portfolio tracker enables crypto investors to monitor over 2 million digital assets. The platform features a user-friendly crypto tracking dashboard, allowing users to track individual asset prices, review historical performance, and assess the allocation of each asset within their portfolio.

CoinMarketCap is free and also offers real-time price data. The platform supports Binance and OKX API integration. CoinMarketCap also allows investors to connect their crypto wallets. Users can also fill out their transactions manually if none of these options are satisfactory.

CoinGecko

CoinGecko provides real-time monitoring for over 11,500 virtual currencies. Investors benefit from free access to high-quality tracking solutions available on both mobile and desktop devices.

Additionally, CoinGecko offers the flexibility for users to create multiple portfolios, enabling the tracking of digital assets in various ecosystems, including decentralized finance (DeFi), centralized finance (CeFi), and others.

However, despite its positives, CoinGecko requires some manual work. The app does not support any form of wallet or API integration. Investors have to manually type out their transactions and submit them to the software for daily monitoring.

Koinly

Koinly is a specialized software solution designed to offer a tax-compliant monitoring platform for crypto users. In addition to its tax software, Koinly also provides portfolio tracking tools.

The platform enables users to consolidate their crypto assets in one space, providing a comprehensive overview of their holdings.

Koinly offers API integration with the most popular crypto exchanges, including Binance and Coinbase. The platform also supports over 80+ crypto wallets and over 150+ blockchains.

Investors can track their investments and generate free tax reports with Koinly, which supports multiple platforms and asset classes. Koinly’s portfolio tracking service is free to use, but it comes with a usage cap.

Kubera

Kubera is an all-encompassing wealth-tracking solution.

According to the Kubera team, the solution is the first personal balance sheet software and portfolio tracking app.

This crypto tracker supports automatic integrations with over 120+ cryptocurrency exchanges, wallets, and blockchains. Kubera is quite versatile. The supported tracking instruments cut across cryptocurrencies, DeFi coins, commodities, stocks, and many more.

One feature that makes Kubera stand out from others on our list is the beneficiary management feature. This option allows you to designate a beneficiary to access your crypto portfolio after your passing.

Kubera can be accessed both on the web and on mobile devices.

How Does a Crypto Portfolio Tracker Work?

Crypto portfolio trackers facilitate easy monitoring of asset performance within a user’s portfolio.

To achieve this, these trackers often require data input from a source. This could be from a cryptocurrency exchange or a wallet. Furthermore, some portfolio trackers provide automatic integration with these third-party services, while others require a manual approach.

Portfolio trackers that use the manual approach, like CoinGecko, require the investor to manually fill out their crypto transactions.

This includes the asset, date of transaction, price purchased/sold, fee, and other important details. This can be time-consuming and frustrating for investors with multiple holdings, which is where the automated integrations have an advantage.

Portfolio trackers, who enable automatic integrations with exchanges and wallets, allow investors to swiftly upload their transaction data within minutes. This is done by pairing the portfolio software with a crypto exchange’s API or connecting the wallet to the software.

Once all data has been consolidated, the crypto portfolio tracker initiates the monitoring process.

The best crypto portfolio tracker should provide users with both manual and auto integrations with third-party services, providing investors with a unified repository of their investment in real time.

In addition to these features, the ideal crypto portfolio tracker should provide real-time alerts on market prices, customizable alerts, and analytics tools to identify trends and assess risk levels.

Why is Crypto Portfolio Tracking Important?

In this section, we explain why crypto portfolio tracking is important and the benefits it can offer to everyday crypto investors.

Data-driven decisionsTax compliance simplifiedComprehensive insights

Monitoring the real-time performance of various crypto assets equips users to make informed decisions. This provides valuable insights into the historical data of each asset, guiding investors on when to increase or decrease their holdings. Additionally, it serves as a strategic tool for rebalancing portfolios in alignment with market trends, enabling optimized returns.

Cryptocurrencies can trigger a tax liability, depending on how it was acquired or when it was sold. Consolidating cryptocurrency transactions simplifies the process of generating the needed data for tax reporting. Some of the best crypto portfolio trackers offer tax reporting features like tax loss harvesting that streamline this process.

Portfolio trackers provide comprehensive insights into the health of an investor’s portfolio. They provide trading and performance charts, average returns, and historical data on supported crypto assets needed for data-based decision-making.

Key Factors to Consider When Choosing a Crypto Portfolio Tracker

Here are some key features to consider when selecting the best crypto portfolio tracker:

Integration with multiple crypto exchanges, wallet applications, and crypto services to give you a bird’s eye view of your crypto holdings
Option to denominate crypto value in local fiat currency to enable easy asset monitoring and fast-track decision-making
Automatic synchronization of all crypto assets in the portfolio to save time and minimize efforts
Highly secure platform for proper safekeeping of sensitive financial information
User-friendly platform with a visual trading chart to monitor the historical performance of each asset
Tax reporting option to ensure compliance with annual remittance to the Internal Revenue Service (IRS) when due
Check affordability for tracking services and ensure maximum value is derived from making payment

The Bottom Line

Crypto portfolio trackers are valuable companions for Web3 investors. They provide a comprehensive view of investors’ digital asset performance, help make decisions, and track investors’ profit and loss, all in real time.

However, trading digital assets involves inherent risks, and investors should do due diligence to ensure they have all the basics covered before taking a plunge.