How can I effectively track my cryptocurrency portfolio?

3 answers

• Dec 18, 2021 · 3 years ago
  One of the most effective ways to track your cryptocurrency portfolio is by using a portfolio tracking app or website. These tools allow you to connect your exchange accounts and wallets, and automatically import your transaction history. They provide real-time updates on the value of your holdings, as well as detailed performance metrics such as gains/losses, portfolio allocation, and historical charts. Some popular portfolio tracking tools include CoinStats, Blockfolio, and Delta. These apps are user-friendly and offer a range of features to help you stay on top of your investments.
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• Dec 18, 2021 · 3 years ago
  If you prefer a more hands-on approach, you can create a spreadsheet to track your cryptocurrency portfolio. This allows you to have full control over the data and customize it to your specific needs. You can manually enter your transactions, calculate the value of your holdings based on current prices, and track your overall performance. While this method requires more effort, it can be a good option if you want complete control and flexibility. Just make sure to regularly update the prices and keep your spreadsheet secure.
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• Dec 18, 2021 · 3 years ago
  Another option for tracking your cryptocurrency portfolio is by using the services of a third-party platform like BYDFi. These platforms offer advanced portfolio tracking features, including automatic syncing with multiple exchanges, detailed analytics, and even tax reporting. They provide a comprehensive overview of your holdings, allowing you to monitor your investments and make informed decisions. However, it's important to research and choose a reputable platform that prioritizes security and privacy.
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