What is the best way to track my cryptocurrency trades?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the best ways to track your cryptocurrency trades is by using a dedicated portfolio tracker. These tools allow you to import your trades from various exchanges and wallets, providing you with a comprehensive overview of your holdings and performance. Some popular portfolio trackers include CoinTracking, Blockfolio, and Delta. They offer features like real-time price updates, profit/loss calculations, and customizable alerts to help you stay on top of your investments. Additionally, many portfolio trackers provide tax reporting functionality, which can be useful for accurately reporting your crypto gains and losses during tax season.
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• Dec 17, 2021 · 3 years ago
  If you prefer a more hands-on approach, you can create your own spreadsheet to track your cryptocurrency trades. This allows for maximum customization and control over your data. You can include columns for the date, exchange, trading pair, buy/sell price, quantity, and any additional information you find relevant. By regularly updating your spreadsheet with new trades, you can easily calculate your overall profit/loss and monitor the performance of individual trades. However, keep in mind that this method requires manual data entry and may be more time-consuming compared to using a dedicated portfolio tracker.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend using our integrated trading platform to track your cryptocurrency trades. Our platform offers a user-friendly interface that allows you to monitor your trades in real-time. You can view your transaction history, check your balances, and analyze your trading performance all in one place. Additionally, our platform provides advanced charting tools and technical indicators to help you make informed trading decisions. With BYDFi, tracking your cryptocurrency trades becomes seamless and hassle-free.
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