Cryptocurrencies continue to grow and expand, whether we are talking about prices, their popularity, or their impact on the modern industry, and the world itself. Particularly now, in 2020, as the crypto prices once again surge high, more and more investors are joining the space.
Want to keep your bitcoin tax calculation simple? We recommend these two services:
Back in 2017, cryptocurrencies exploded and attracted a wave of new investors and traders. Then, the awareness kept growing even though 2018’s bear market. Now that prices are once again on the rise, people already know about them and are ready to join in greater numbers. Even large companies like Facebook, Apple, Telegram, and others are joining the sector, bringing an even greater userbase to the crypto space alongside them.
However, the issue lies in the fact that the crypto space is complex, living organism which is constantly changing. It evolves, breathes, and nothing stays the same for a long period of time. Investors with a certain amount of experience eventually get accustomed to this, and they learn how to adapt. For the newcomers, however, it is much more difficult to learn how to track the crypto sector.
Working with cryptocurrencies is more complicated than just investing in random coins. People need to be on a constant lookout for a good investment and trading opportunities. That often means finding of even the slightest price changes, or even hints that they might come in the near future.
Traders need to be aware of such price moves in real-time, and since it is always a good idea to diversify your investment portfolio — that means keeping an eye on multiple coins at the same time. Doing so with pen and paper is a bothersome process, where you have to do everything manually. In addition, as soon as you are done writing down the current situation, it has already changed. This is why a solution was invented, and it comes to us in the form of cryptocurrency portfolio tracking apps.
What are cryptocurrency portfolio tracking apps?
As the name suggests, cryptocurrency portfolio tracking apps are applications designed to allow users to track all the coins in their investment portfolio. These apps, commonly known as portfolio trackers, are programs or services that will let you track everything regarding the coins that interest you.
You can keep an eye on their price movement in real time, the growth or drop of their market cap, and even their trading volume. The more detail the portfolio tracker displays, the better insight into the current state of the market. Many of them even allow users to compare coins against others.
They are great tools, but quite simple when it comes to using them and understanding how they work, and every trader, investor, and coin holder needs to use at least one in order to make the best of their situation. Being aware of the current developments in real time can lead to major profits, while not using them can only result in missed opportunities and bad trading and investing decisions.
Which portfolio tracker to use?
Of course, there are numerous trackers out there, some good, some less useful. Many are free, while some of them claim to offer better, more precise information, which is why they require payments for the benefit of using them. Choosing one requires the user to decide whether or not they are willing to pay for this kind of information.
Next, when choosing one, you must also keep in mind how many trackable assets does it have. There is no need in using a portfolio tracker that does not have the coins you are interested in. Sometimes, those might be altcoins which the tracker does not consider worthy of listing and tracking,
In addition, you need to keep in mind that speed is the most important factor, after the quality of information, of course. Even a minute can make a difference, which is why you always need fresh data. Finally, if you are new in the crypto space, you might want to keep it simple until you get the hang of it, which is why a user-friendly interface can be very helpful. These and similar things are definitely worth keeping in mind while choosing which tracker to use, as they can mean a lot in the long run.
But, with that out of the way, let’s see some of our top picks for the title of the best cryptocurrency portfolio tracking apps in 2020.
It will come as no surprise to many that CoinMarketCap is at the top of our list, as this is one of the best-known crypto portals for tracking cryptocurrencies’ performance. It monitors exchange volumes, coins’ caps, ranks, prices, and even currency conversion.
At any time, you can keep track of Bitcoin, as well as over 2,100 altcoins, and compare their performance against fiat currencies, as well as against BTC itself. It offers great insight into every cryptocurrency’s price history by using charts and precise data. It also has a currency converter, news, links to projects’ websites, and much more.
It even goes beyond tracking cryptos, and you can even track over 90 fiat currencies, and even precious metals, which is a great way to stay in touch with all aspects of the financial markets.
Next, we have Blockfolio, which is an excellent app that allows you to deduct the balance from the sold coins. It comes with numerous useful features, such as the ability to buy new coins and add them to your portfolio, and then deduct the BTC/ETH, or any other parent currency that you used to purchase the new coin.
Blockfolio comes as a mobile-based app, though, and you will have to get used to relying on your phone if you choose to use this solution. However, it is definitely worth using, as you can see different charts, final coin value, see the book of your exchange of choice, and you can also set alerts for price changes of any coin you wish.
It is available on Android and iOS alike, although it does not have an account feature as of yet, which many views as a major limitation. Still, it is possible to save your Blockfolio token ID in the settings simply. This is still a growing app, but it is an excellent option for mobile-centric investors and traders.
Delta is a popular cryptocurrency tracker that many see as a pretty good alternative to Blockfolio. In a lot of ways, it is better than Blockfolio, although this should not be taken as a suggestion that Blockfolio is bad. Still, new crypto users might decide that Delta is more to their liking.
Like Blockfolio, Delta offers a mobile app for Android and iOS alike. Within the app, you will find over 2,000 coins which you can add to your portfolio. You can also add fiat currencies, as well as BTC and ETH, all of which can serve as your reserve currencies. You can use them to deduct period purchase and get a general view of your portfolio.
Delta also comes with a number of other useful features, such as watchlist walls, an entire separate portfolio, price alerts, coin analysis charts, details like market cap and volume, and more. With it, you can manage as many as ten different portfolios, although you will need to pay for the Pro Delta version to do so.
Finally, you can sync the data on five different devices, in case you wish to do so. Further, Delta is preparing numerous other features that are expected to come out in 2020, as its team is constantly active and working hard to develop new features and improve the app.
Then, there is Altpocket, which is truly a one-of-a-kind type of app. It stands out from the rest due to its ability to combine an active community, ICO listings, and functionality of a portfolio tracker. For now, Altpocket only offers a web version, although mobile apps are currently in development.
Further, the team also plans to launch the forums, as well as the ability to vote on different polls, which makes it extra attractive, as you can participate and become an active member of its community. The only other downside to the app is that auto-imports are presently only limited to a handful of exchanges, including Coinbase, Poloniex, Binance, and Bittrex. However, as mentioned, the app has its team hard at work, and they are continuing with its development.
There is a lot that is likely to come in the future, including the mobile versions for Android and iOS alike. This is a good app for newcomers, as it will allow them to grow with it and learn in stages, instead of just dumping all of the features on them at once.
Cointracking is another excellent solution for portfolio tracking, and many use it as their go-to portfolio manager. The app is a great solution for short-term buyers and HODLers alike, but it is absolutely perfect for active traders.
Cointracking has a mobile version for iOS and Android, but also a web version, so it pretty much fits everyone. You can use it to see your portfolio balance, as well as data that can help you make the best trading decision at any given time. Not only that, but it also lets you see which coins you own, and how many of each is there in your balance, which is a great alternative from going to one exchange to another and checking this manually.
Then, there is its Gain/Loss feature, which comes in really handy for making these sorts of calculations.
Now, when it comes to its interface, it might not be particularly attractive to everyone, as it looks a bit outdated. However, it is perfectly functional, and if aesthetics are not a problem — this will be a perfect app for you. It even has a free plan, in addition to the premium one, and it imports data from numerous exchanges. Finally, you can use it for making tax calculations, which is also extremely useful, especially when it comes to cryptocurrencies.
Next on our list is Cryptopanic, which is a popular and powerful news aggregator. However, it also offers features that make it a pretty decent portfolio tracker and manager. Naturally, the portfolio is one of them, but the service also offers alert features, which can be useful if you need to be aware of the change in the prices of your favorite coins.
Cryptopanic has a dedicated app for iOS and Android alike, but also a desktop version which is very easy to use and navigate. It also has a free and premium, or Pro, version which will only cost you around $99, but in return, you gain instant alerts and the ability to customize your news page.
You can add your own news feeds, and even switch of some default sources that you are not interested in. There are also charting abilities, although they are a bit limited, and imported from CoinMarketCap, at that. But, charts are not what most people tend to use Cryptopanic for, but its ability to display news by coin ticker. Simply choose which coins interest you, and you will get all the latest updates for them at all times.
7. Cryptocompare Portfolio
Cryptocompare is another well-known and very popular name, and a go-to community for many new and experienced crypto enthusiasts. However, Cryptocompare also offers its own portfolio management app, Cryptocompare Portfolio. The app has a web version, a separate mobile version, and it exists as a part of Cryptocompare’s regular smartphone app. The interface is quite solid, and you get a plethora of options and features as part of the service.
With it, you can create multiple portfolios, use excellent graphs and charts, and even add your own notes. It supports pretty much all cryptocurrencies you can find or even think of, and whenever you decide to add a new one, you can specify where it should be stored. Best of all, it is free to use, although it should be noted that it might have a bug or two, as it is still in its beta version.
Its charts are not only easy to use and understand but are also quite advanced. Then, there is a risk analysis feature, which can be very useful and beneficial to new investors, although experienced ones tend to use it just as often. This is definitely one of the best crypto management apps you will ever find. You don’t even need to worry about losing track of your portfolio, since it is all in the cloud, and you can access it with your registered account. It is the best option to start if you have never used a portfolio tracker before, only keep in mind that the mobile app is not as robust as the web interface.
Cryptonaut is a portfolio tracker/manager which newcomers to the crypto industry tend to like very much, particularly due to its user interface and design. The app looks great, it feels even better, and it performs excellently. Managing your cryptocurrency portfolio is extremely easy, and even quite enjoyable.
The app supports numerous languages, as well as many, many cryptocurrencies, so you are likely to find most — if not all — of the coins you are looking for. It comes with a number of features, such as price movement alerts, pushes notifications, as well as price updates.
Cryptonaut also has a strong presence for mobile platforms, supporting Android and iOS alike. In addition to that, portfolios are available in multiple currencies, including Bitcoin, the United States dollar, euro, and more.
Next, we have Coinstats, which is yet another popular app which can be used on Android, iOS, as well as macOS. Most people will first notice the app’s interface which could be better, but if the looks are not the problem for you — you will quickly notice that its functionality more than makes up for an outdated look.
With this app, you can track and of the 1,800 different cryptocurrencies, watch their prices change live, and receive updates from over 80 biggest exchanges in the world. It features an automated exchange portfolio import functionality, which is available for over 30 exchanges. Then, it also has a news aggregator, which keeps track of over 40 sources, and it even includes social networks, like Twitter and Reddit, which are known for their highly developed crypto communities.
As usual for this type of app, you also get alerts, and the ability to customize them, and get notified not only when the price of your digital assets moves, but also when there is a change of the market cap or volume.
The app offers a free version, as well as a premium (Pro) version, which is quite affordable at only £27.99 per year. You can also create multiple portfolios, which makes it quite an excellent option for anyone who wishes to organize their assets in different categories.
Then, there is Coinmanager, which will allow you to keep track of your entire portfolio easily. In addition to that, the app also offers an arbitrage function and lets you keep track of prices between different exchanges. The exchanges that the app is linked to include Binance, Coinone, Bithumb, and Bittrex, and you can trade on any of them through the app directly.
The app has both Android and iOS versions, and it offers a great selection of features, some of which are quite unique. Unlike many others, it does not draw charts from CoinMarketCap, but from TradingView, which makes it a great solution for those who prefer this solution.
There are a few downsides to the app as well, with the biggest one being its interface. It is not bad or faulty, but it might take a bit of getting used to. Also, there are no social logins, which might not be a dealbreaker, but it is something that you should probably know beforehand.
When it comes to Unspent, the app has pretty much every feature and functionality that you might expect from a great portfolio tracker. However, it offers way more than that, as it was created by a crypto investor. As such, it was developed in a way that will allow the investor to easily understand and keep an eye on their entire portfolio, and all the assets they are working with, but also the rest of the crypto market.
The app’s design is great, and it is very user-friendly, not to mention time-saving. You will find pretty much all the information you need right away, which can be crucial when it comes to making instant trading decisions.
Unspent is also connected to wallets and exchanges, all of which can be kept synchronized. Further, you can see your portfolio’s value, as well as the realized profits. Naturally, there are alerts, and the ability to see which coins and how many of them you have on different exchanges and wallets. Next, you can analyze the performance of your portfolio, as well as see a correlation between any assets. The app offers more than anyone could hope for, and it might be the best one on this list for any crypto trader who likes their user interface clean and instantly helpful.
Want to keep your bitcoin tax calculation simple? We recommend these two services: