Calling a spade a spade, cryptocurrencies are here to stay, and if you're looking for a way to invest a decent amount of money into this life-changing opportunity, you'll need to monitor all the cryptocurrencies you desire to invest in.
If you're investing in just a few, monitoring your coins with an app isn't necessary. On the other hand, if you're investing in multiple crypto's then you'll need to consistently monitor and track their prices and performances - of course, this can't be done accurately when it is monitored manually.
Though there are numerous cryptocurrency tracking options out there in the space, some tend to be slightly expensive, or hard to use. This is where CoinTracker comes in play.
Introducing CoinTracker
CoinTracker is a portfolio web app that shows how your investment in cryptocurrencies is doing. The platform is designed to manage over 2,400 cryptocurrencies as it auto-sync your transactions and displays your portfolio performance in a coordinated dashboard. CoinTracker portfolio tracking is free, but a certain amount is required to use the tax form generation feature.
Once you've downloaded the app, you're then vulnerable to start connecting your exchange wallets to the CoinTracker account. At the time of this writing, the platform supports 13 crypto exchanges and about 2,400 cryptocurrencies. To make things more interesting, the platform will allow users to track a crypto portfolio across exchanges, wallets, and even fiat. Other than that, users can effortlessly add any public address to any wallet of their choice so long as it holds Bitcoin, Ethereum, Litecoin, and Dogecoin. CoinTracker will then read and update other information and data pertaining to those coins in real-time.
Chandan Lodha, co-founder of CoinTracker disclosed a brief report in conjunction with his company's aspirations to TechCrunch, in his words he said:
“The key reason we’ve had some success to date is due to focusing on the UX. There are tonnes of other tools but one thing that really resonates with our users is that we’ve made it easy to use for mainstream people, not just expert cryptography folks.” src
Some core features of CoinTracker
Coinpedia.org
- Auto Wallet Sync
A wallet is our personal finance feature that helps us save our money, send and track our expenditure. On CoinTracker, every user is vulnerable to auto wallet sync. This feature automatically adjusts the value of your portfolio as the prices of each coin fluctuate.
Unfortunately, not all crypto exchanges welcome this feature, but the few that utilizes these exceptional features are, Binance, Bittrex, BTC, Bitfinex, Bitstamp, Coinbase, Kucoin, Liqui, CoinSpot, Poloniex, QuadrigaCX, and Cryptopia. src
- Subscriptions
CoinTracker users are vulnerable to real-time cryptocurrency prices, scrutinize coins with CoinBase hourly, daily, weekly and monthly, fix a primary fiat-currency, and ultimately stay updated on the latest news about cryptocurrencies.
The platform offers a one-off payment (approximately 1.99 USD), thereafter, CoinTracker will unlock over 1,500 cryptocurrencies for that crypto investor. That's not all, with this exclusive one-off unlock coin feature, the platform will automatically track portfolio along with value-based analysis for future investments.
- Mobile apps
The platform is available to download for Android and iOS. I and some crypto trader who tried the app can testify about it's fast and easy to use interfaces.
- Customer service
The platform's customer service has a powerful database that bridges a range of topics and information explaining the peculiarities and techniques CoinTracker uses to support general information about investing in cryptocurrency.
Peradventure you have some questions you'd like to ask the team, you can send them a message via telegram, as it takes one business day (approximately 24 hours) for the team to respond.
My thoughts
In the crypto space, portfolio tracking apps plays a crucial role for most professional, and advanced traders, along with those who are new to blockchain and cryptocurrency. As an advanced trader, you'll definitely need a portfolio tracker like CoinTracker to monitor all your cryptocurrencies and token of interest in real-time.
NOTE: If you're a frequent or advanced trader, it may be worth it to buy the subscription plan which is only 1.99 USD, else cheaper and free trackers will probably suffice.
Disclaimer:
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.