Best Portfolio Balancers For Crypto

A topic of high interest in the new world of cryptocurrency is how to keep track of your investments. Keeping track of the investment performance of each one is, at least on some level, something that can be done manually with a spreadsheet or other similar programs. However, even if you are familiar with doing it, it is still somewhat cumbersome, especially when you have several cryptocurrencies.

The larger your cryptocurrency collection becomes, the harder it will be to keep track of them all manually. To make things easier on yourself, you should consider using a coin tracker or cryptocurrency tracking site. One option is CoinTracking which can help you keep track of your investments. CoinTracking will calculate the profit (or loss) that you’ve made on an individual cryptocurrency or through all cryptocurrencies combined.

It’s also great for tax purposes since it has numerous reports to assist you in filing your taxes. It is completely free for 200 trades, and the pro version will cost you $30 per year.

What is a coin tracker?

If you’re unfamiliar with what a coin tracker is, it’s a service that allows you to easily keep track of your cryptocurrency investments so as not to lose track of them. Coin tracking sites provide information about current prices and historical price data of the cryptocurrencies you choose to add. Your cryptocurrency investments can be automatically updated daily by adding a coin tracker to a spreadsheet or other program. This makes it easier to know when is the best time for selling investment and avoid losses in the short term.

A large number of cryptocurrency trackers exist, but not all of them are made equal. The most important thing to consider when choosing a cryptocurrency tracker is how many cryptocurrencies it supports and what features it provides.

If you invest in less than 100 different coins, CoinTracking is the best free option out there. If you’re all-in with crypto and have more than 200 different cryptocurrencies, the premium version of CoinTracking is a great value.

CoinTracker offers many features for free; however, they are very limited in which exchanges you can add your cryptocurrency balance from. For larger exchanges such as Binance or Coinbase, you will have to pay $30 per year for an API key that allows you to upload all your trades and calculate your net worth. This is the only way around their restriction and allows you to import your Binance data.

What features should a coin tracker have?

The best thing about having a cryptocurrency tracker is that it helps you keep track of all trades and investments, which makes organizing them easier and allows you to calculate your capital gains and net worth.

Some other features that make a good tracker are:

1. The ability to import data from a trading platform.

2. Having a link with a cryptocurrency exchange will allow you to access all your crypto history, including the amounts traded and fees paid.

3. You should be able to add any type of trade, not just buy or sell but limit, stop limit, trailing stop, and more.

4. You should be able to see your entire cryptocurrency portfolio all in one place and not spread across different exchanges, wallets, and so on.

5. It’s great if you can easily download an entire history of your trades as a CSV file. If it has historical price data, that’s even better.

6. A cryptocurrency tracker should have a profit/loss calculator, an overview of your entire portfolio, including their values in fiat, and be able to calculate taxes. In addition, you might want to consider having a tool for calculating the value of your overall cryptocurrency portfolio when converted back into fiat currency.

7. It’s essential that the exchange is safe and has a solid reputation.

8. Some trackers have user-friendly websites, making it easy to keep track of your cryptocurrencies or easily transfer them if necessary.

What are the best free cryptocurrency portfolios?

There are quite a few options available when it comes to choosing a cryptocurrency tracker for your portfolio. The best cryptocurrency trackers, in our opinion, are:

1. CoinTracking – best free crypto portfolio tracker with up to 200 coins which has a free trial period of 30 days during which you can get full access to all features for free.

2. CoinCap – great for day traders who want information on individual cryptocurrencies.

3. Blockfolio – best portfolio balancers for crypto, which makes it easy to stay up to date with the latest cryptocurrency prices, news, and alerts all in one place. You can easily track Bitcoin or other cryptocurrencies by adding them to your watchlist; their prices are updated every 5 minutes, if not sooner.

4. WhatToMine – a great website for checking if your rig is profitable when mining different altcoins.

5. CryptoCompare is an aggregation platform that gathers data from exchanges and has its own set of tools such as price alerts and a cryptocurrency converter.

6. Coinbase is the best portfolio balancer for crypto, which allows you to add fiat balances, exchange cryptocurrencies, and has an Android app.

7. BlockFolio – specializes in the top 30 cryptocurrencies by market cap, which you can add to your watchlist and sync with Coinbase for price alerts.

8. CoinTracking offers a premium version of their service ($30 per year) that allows you to import all your trades from any exchange, make split-second decisions on the go with alerts, has historical charts, and more.

These are all great cryptocurrency trackers that can be used to keep your portfolio organized.

What is the best way of tracking cryptocurrency trades?

When adding trades to your tracker, the most important thing is always to add them in the correct order. All trackers have a timestamp for each transaction, so if you are adding multiple trades with several sell orders at different prices, always enter them from highest to lowest. This way, you do not lose any potential profits by selling all your coins at once.

Other important things to note are:

1. Always double-check which coin you are trading against, as some exchanges tend to use the symbol of Bitcoin’s parent network (BTC) instead of its own (XBT).

2. Always watch your wallet balances after adding a trade to make sure everything went according to plan.

3. Try not to mix coins at different price points when adding to your portfolio. If you are unsure, leave them in different trades with the exact amount of coins you purchased after conversion.

4. Always make sure that the exchange you are trading on has a good customer support and is safe before sending any funds there.

5. Don’t forget about taxes! Make sure you add all your cryptocurrency trades and track them to avoid any potential profits or losses.

What is the best way of checking cryptocurrency prices?

There are many ways of keeping up with the latest coin prices, so we can recommend using one or more than one tool instead of just one. CoinCap is a great tool for keeping track of individual cryptocurrencies, as you can see their overall value and the percentage they make up from the market.

CoinTracking is a great tool that allows you to create your portfolio by adding trades, pasting them in automatically with a click of a button; and has many other functions such as historical charts and profit/loss calculations.

CryptoCompare is a great site for tracking your favorite coins, seeing what exchanges they are traded on. It has a useful tool called the Cryptocurrency Converter, which is easy to use. Coinbase’s mobile app allows you to track prices in real-time and also makes it very easy to buy any of your favorite coins immediately from your phone.