Platform efficiency: this should include the ability of the tracker to provide real-time pricing, portfolio management tools, and even alerts on major announcements.Other assets includable in the platform: if you have other types of investments, like stocks and funds, you can select a tracker that accommodates investment brokerage accounts.Cryptocurrencies tracked: this should match the crypto you already hold and any you may be considering in the future.Some factors to consider in choosing the right tracker include: Like an investment broker, you’ll want to choose a crypto portfolio tracker that best matches your investor profile, preferences, and behavior. What to Look for in a Crypto Portfolio Tracker That will make it easier to assess the amount of crypto you own, how well it’s allocated, and even measure your investment success.
By linking the various exchanges and brokers to a crypto portfolio tracker, you’ll have your entire portfolio displayed on a single screen. You’ll need to break out a calculator any time you want to get the big picture view of your crypto holdings.īut if you have a crypto portfolio tracker, that process will be completely unnecessary. Since not all exchanges accommodate all cryptos, you may have your money spread across several platforms. A single crypto portfolio tracker can track digital assets across hundreds of crypto exchanges. If you’re a serious crypto investor, you’ve likely diversified your holdings across multiple currencies.
A few even allow you to place trades through the service. In addition, some crypto portfolio trackers offer other financial services, like budgeting and tracking of stocks and other investments. Since they can accommodate multiple investment platforms, you’ll be able to see exactly what your crypto balance is and the allocation across multiple currencies. If you also have your money spread across several cryptos, that will add another layer of complication.Ī crypto portfolio tracker is designed to address that very situation. If you have crypto in multiple “cookie jars,” it can be difficult to know exactly what the value of your holdings is at any one time. For example, Robinhood and Webull offer crypto trading, stocks, and exchange-traded funds. If you’re already familiar with financial aggregators, like Mint and Personal Capital, it’s easier to grasp what a crypto portfolio tracker is and what it does.Ī tracker enables you to link and track crypto holdings across various platforms, including a mix of several exchanges, even a broker or two.
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