In the ever-evolving world of cryptocurrencies, managing your investments efficiently is crucial. As digital assets continue to gain popularity, the need for effective crypto investment portfolio trackers has never been greater. These tools not only help you keep tabs on your holdings but also provide valuable insights to make informed investment decisions. In this article, we will explore the 10 best crypto portfolio tracker apps in 2023, ensuring you can navigate the crypto market with confidence.
Why You Need Crypto Investment Portfolio Trackers
Before delving into the top crypto portfolio tracker apps of 2023, let’s understand why these tools are essential for crypto investors.
1. Real-time Asset Monitoring: Crypto markets operate 24/7, and prices can change rapidly. Portfolio trackers provide real-time updates on your holdings, ensuring you never miss an opportunity or risk.
2. Diversification: A well-diversified portfolio is key to managing risk in the crypto space. Portfolio trackers help you visualise your assets across various cryptocurrencies, making it easier to adjust your strategy.
3. Performance Analysis: To make informed decisions, you need to assess the performance of your investments. Portfolio trackers offer comprehensive analytics, including historical price charts and performance metrics.
4. Tax Reporting: Cryptocurrency tax regulations can be complex. Portfolio trackers often have tax reporting features, simplifying the process of filing your crypto taxes.
5. Security: While tracking your portfolio, security is paramount. Top crypto portfolio tracker apps employ robust security measures to safeguard your data and assets.
Now, let’s explore the 10 best crypto portfolio tracker apps that excel in these aspects in 2023.
1. CoinStats
CoinStats is a popular choice among crypto enthusiasts. It provides real-time tracking for over 8,000 cryptocurrencies, including Bitcoin, Ethereum, and many altcoins. The app offers a user-friendly interface and a mobile version for on-the-go monitoring. CoinStats also features a portfolio sharing option, making it easier to collaborate with others on crypto investments.
2. Delta
Delta is known for its clean and intuitive design. It supports an extensive list of cryptocurrencies and exchanges. Delta’s tax reporting feature simplifies the often complex task of calculating crypto taxes. Additionally, it offers a comprehensive news feed to keep you updated on the latest developments in the crypto world.
3. Blockfolio
Blockfolio is one of the pioneers in the crypto portfolio tracking space. It allows you to track your holdings across multiple portfolios, making it suitable for both individual investors and professional traders. Blockfolio also offers news and signal features, enabling you to stay informed and make timely decisions.
4. CryptoCompare
CryptoCompare provides a wealth of data and analysis tools. It offers real-time pricing, historical data, and a portfolio tracker. What sets CryptoCompare apart is its extensive cryptocurrency database and detailed coin information, making it an excellent resource for research-oriented investors.
5. CoinGecko
CoinGecko is a popular choice for those seeking comprehensive data. In addition to portfolio tracking, it offers market data, historical charts, and in-depth information about cryptocurrencies. CoinGecko’s Trust Score feature helps you evaluate the trustworthiness of exchanges.
6. Gemini
Gemini is not just an exchange; it also offers a robust portfolio tracking feature. If you’re already using Gemini as your exchange, their portfolio tracker seamlessly integrates with your account. This integration simplifies tracking and trading within a single platform.
7. Koinly
Koinly specialises in crypto tax reporting. If tax compliance is a top priority for you, Lonely is an excellent choice. It supports over 6,000 cryptocurrencies and can automatically calculate your capital gains and losses for tax purposes.
8. CoinTracker
CoinTracker is another reliable option for crypto tax reporting. It syncs with your exchange accounts and wallets to provide a comprehensive view of your crypto holdings. The platform supports various tax calculation methods to cater to different tax regulations worldwide.
9. Accounting
Accounting offers both portfolio tracking and crypto tax services. It features a user-friendly interface and integrates with popular exchanges and wallets. Accointing’s tax reports are compliant with various tax authorities, making it suitable for international users.
10. Hodler.tax
Hodler.tax focuses exclusively on crypto tax reporting. It offers a simple and efficient way to calculate your crypto taxes. The platform supports multiple tax methods and provides detailed tax reports for your records.
FAQs about Crypto Portfolio Tracker Apps
Q1: Are these portfolio tracker apps free?
Most of the mentioned apps offer free versions with basic features. However, they also provide premium versions with advanced capabilities, such as tax reporting, multi-portfolio tracking, and ad-free experiences. The choice between free and premium largely depends on your specific needs.
Q2: Do these apps support all cryptocurrencies?
These portfolio tracker apps aim to cover a wide range of cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as a multitude of altcoins. However, the availability of certain cryptocurrencies may vary from one app to another.
Q3: Are these apps secure?
Yes, these apps prioritise security. They employ encryption and other security measures to protect your data and assets. Nevertheless, it’s crucial to follow best practices for securing your accounts, such as enabling two-factor authentication.
Q4: Do these apps have mobile versions?
Yes, most of the mentioned portfolio tracker apps offer mobile versions for both Android and iOS devices. This allows you to monitor your investments on the go.
Q5: Can these apps help with crypto tax reporting?
Many of these apps, such as Mainly, CoinTracker, and Accounting, offer crypto tax reporting features. They can help you calculate your capital gains and losses, making tax season less daunting for crypto investors.
In conclusion, managing your crypto investments effectively requires the right tools, and crypto investment portfolio trackers are indispensable in this regard. The 10 best crypto portfolio tracker apps in 2023, as mentioned in this article, cater to a wide range of needs, from basic tracking to advanced tax reporting. Choose the one that best aligns with your investment goals and preferences, and embark on your crypto journey with confidence.
Read more: The Ultimate Guide to Crypto Portfolio Tracker Apps
