In the present times, cryptocurrency has become the major buzzword in the financial world. People are now increasingly becoming aware that things like Bitcoin and Ethereum can be major markets for financial transactions. Investing and trading in digital currencies like Bitcoin and Ethereum is phenomenally encountering high peaks of growth. The very concept of cryptocurrency is unique in itself. This is a fully decentralized method and has no central authority or central server to manage those transactions.
Considering this, more and more traders are entering into the cryptocurrency markets. But, the biggest challenge that each of the crypto enthusiast encounter is managing the digital trading database. Many use spreadsheets to store and manage the crypto trading database. However, nothing is actually working out! The demand of tracking and managing digital trading is increasing each day as more complications are experienced by the crypto traders. Since, this market of digital trading is so volatile, it needs proper tools or systems to effectively manage cryptocoin exchanges and trading.
Need of Cryptocoin Tracking Applications
Do you wanted to track down your crypto portfolio coins transactions? Know how TrackACoin can help you in this! With TrackACoin app, you are able to track all your crypto trades easily. The coin tracking system of TrackACoin helps to analyze trades, prices, volumes, profit, loss, and the value of all your crypto coins. Crypto trades details can be both entered manually into the coin tracking app or by an import from exchanges or fully automatically via APIs. So, if you are looking out for an effective method to track your crypto trades, the coin tracking system of TrackACoin app may help you in it.
Crypto Portfolio
The Coin tracking application of TrackACoin is a platform that helps track your crypto trades across all exchanges, wallets, and even currencies. The evolution of this tool has its roots in the complicated procedures needed to be adopted by the crypto enthusiasts for tracking their exchanges in digital currencies. But, with the use of this advanced tool, the whole process of crypto trade tracking has been automated. You start by connecting it to every exchange you use but can also add the public address to any wallet that holds bitcoin, ethereum, or any other digital cryptocurrency to automatically read the balance and update it in your portfolio.
This coin tracking tool of TrackACoin support large amount of well-known exchanges, of which your trades can be transferred directly. All the details of the exchanges or crypto trades are summarized using informative charts. The whole process of keeping a track of your digital exchanges is made easier by this coin tracking tool or application.
Why TrackACoin App and Not Any Other Tool?
TrackACoin application has been developed out of frustration from lack of efficient tools available for planning crypto trades. Keeping a track of the crypto assets is just a huge hassle, earlier, but with this tool it has become simpler than ever to log transactions with minimal inputs. This tool must be the ideal of Crypto traders for many different reasons. Some of the top include:
Securely sync all of your cryptocurrency balances and transactions across major exchanges and local wallets
Is Super Easy to Use
Backup all your crypto trades
Helps figure out your crypto taxes
When involved in digital trading, it is natural to seek to document everything in a structured method. The tool does everything on its own.
The most interesting thing about TrackACoin application is that you can get multiple tasks done using this single tool. Not only this tool helps you to track the crypto portfolio coin trades but also helps to calculate the worth of the coins in terms of Ethereum, Bitcoin, or any other digital currency. With the use of this application, you can wisely convert the volatility of trading in digital currencies into profits.
This content is re-shared for my blog post (https://www.trackacoin.com/crypto-portfolio-coins-trade-tracking-easier-and-effective-than-ever-before-with-trackacoin-app/)