After all, what you can track and meter, you can manage — and hopefully manage to grow.
And nowhere else is tracking, measuring, and managing your assets arsenic important as it is with cryptocurrency — an asset that ’ s particularly volatile.
now that fiscal giants like PayPal are getting into the crypto space, it ’ s more important than always for investors of all sizes to put tools in stead to help them keep careful track of their crypto performance and increase in the months and years to come.
fortunately, there are plenty of cryptocurrency portfolio trackers that can help you do just that. To choose your own solution on your quest to learning how to track your cryptocurrency portfolio, follow along as we dive into the key details you need to know, including :
- What a cryptocurrency portfolio tracker is, exactly
- Why you need a cryptocurrency portfolio tracker
- How to choose the best tool for tracking your cryptocurrency portfolio
- One specific tracker that will enable you to manage your crypto right alongside your other assets and investments
- 1 What Is a Cryptocurrency Portfolio Tracker?
- 2 Why Do I Need a Cryptocurrency Portfolio Tracker?
- 3 How to Track Your Cryptocurrency Portfolio: Criteria for Choosing The Best Tool for the Job
- 4 See How to Track A Cryptocurrency Portfolio the Modern Way with Kubera
What Is a Cryptocurrency Portfolio Tracker?
A cryptocurrency portfolio tracker is a digital platform, such as an app or web site, that enables you as an investor to keep cut of the changing value of your different coins so that you can manage your portfolio by rights.
Cryptocurrency portfolio trackers connect with crypto wallets, which enable individuals to control their digital currencies. Some besides integrate with actual crypto exchanges, where investors can trade digital assets, including crypto coins.
It ’ s recommended that investors who actively trade more than three unlike types of coins use a cryptocurrency portfolio tracker to track and manage these assets.
Why Do I Need a Cryptocurrency Portfolio Tracker?
There are thousands of different cryptocurrencies.
And, just like decree currency, the value of each is always changing. This is intensified by the fact that cryptocurrency markets trade 24/7/365.
As you add assets to your portfolio, specially those of the fast-changing diverseness, the more time you ’ ll need to spend tracking all of them. That, or you can find a creature that ’ ll do it for you.
A cryptocurrency portfolio tracker is that joyride — enabling you to easily monitor the operation of your cryptocurrencies and other assets all in a single opinion.
Why is it so crucial to be able to well keep track of the operation of your assets ?
Because it ’ randomness authoritative that you maintain a portfolio that ’ randomness systematically well-adjusted and well-diversified, which are two key practices for keeping your wealth in beneficial health.
How to Track Your Cryptocurrency Portfolio: Criteria for Choosing The Best Tool for the Job
The biggest trouble in the cryptocurrency portfolio tracking earth nowadays is that there are just besides many of them on the market — all of which are vying for your attention without in truth explaining which of their features actually make them a adept fit for the job.
That ’ second why, in this incision, we ’ ra going to give you the key criteria against which to compare your options when you ’ re searching for your cryptocurrency portfolio tracker.
Integration with a Range of Financial Institutions
Cryptocurrency portfolio trackers work by using third-party aggregators that enable them to tie into different crypto data feeds to display the information you need to track your assets.
The thing is, most aggregators only work in certain countries and only have the technology to work with certain crypto feeds. That means that not every cryptocurrency portfolio tracker will work in every situation — so be certain to test the tools you ’ ra interested in to make certain they do work in your specific case.
Kubera, the reference of the above screenshot, is uniquely equipped to track different crypto accounts ampere well as different trust accounts, investment accounts, and more because it integrates with a handful of aggregators that all serve different markets.
This technology enables Kubera ’ second customers to connect their crypto and early assets in a few clicks to automatically sync investments and see their values in real-time.
A High Level of Security
Cryptocurrency is digital money that is managed by a decentralized network called “ blockchain. ” This network international relations and security network ’ metric ton owned, regulated, or tracked by any specific assurance or institution. This, of class, means that crypto ownership is unvoiced to track and crypto transactions are closely impossible to reverse once they ’ ve been initiated.
But what does that mean for cryptocurrency portfolio trackers ?
Read more: Crypto Investing 101
That they better have their security locked down close.
Since portfolio trackers connect to their customers ’ crypto accounts, they have to be careful not to let in any malicious actors that would go through them to get at drug user logins for a assortment of fiscal institutions.
It ’ sulfur not excessively hard to find out which crypto portfolio trackers take security seriously. Check out their websites to ensure they encrypt the data they manage and that they use two-factor authentication whenever potential. Bonus points for trackers that don ’ thymine even access their users ’ score credentials and let their trusted collector services handle that delicate information alternatively.
Usability Through Automation
One of the key reasons people adopt crypto portfolio trackers is to create a curious splashboard from which they can keep an eye on all of their investments.
But what ’ s the compass point if setting up or tied using that singular splashboard is barely angstrom time-consuming as logging in to each of your person on-line accounts to check on performance every few days ? After all, international relations and security network ’ deoxythymidine monophosphate one of the key purposes of a tracker to see how your portfolio is performing in a individual glance ?
That ’ randomness why comfort of use via automation is critical in a crypto portfolio tracker — from the foremost clock time you input your crypto accounts to every time you use it to check on them moving forward.
In this day and age, no tracker worth your meter should be a conflict to use. You should be able to add your assets and see their advancement anytime, anywhere in barely a few clicks or taps of a finger. This still of function is typically powered partially by automation. No manually re-updating your assets or their value necessary.
And while most popular crypto portfolio trackers have some automation, that functionality typically hits a wall when it comes to serving external investors. But not so with a tracker like Kubera. If you have investments that originate in respective currencies but want to see the measure of their holdings in one prefer currency, Kubera is one portfolio tracker that can do that for you — mechanically and in real-time. Talk about comfort of use !
Entire Portfolio Unification
Like we touched on earlier, ache investors know that diversification is vital to maintaining a healthy portfolio and growing your net deserving.
But the downside of diversifying into assorted asset classes, including cryptocurrency, is how difficult it can be to understand how all of them work together to impact your portfolio.
The solution is looking possibly a little bite beyond the portfolio trackers that bill themselves as “ crypto alone ” and check out more robust solutions that can unify your entire portfolio on the dashboard.
In addition, any portfolio tracker that purports to condense your web worth and early crucial investment information into a unmarried splashboard better be converting the value of each asset to your prefer currency in real-time — no matter what currentness it originated in.
See How to Track A Cryptocurrency Portfolio the Modern Way with Kubera
If you hadn ’ triiodothyronine noticed before, we think Kubera is a pretty amazing crypto portfolio tracker.
And, no, we ’ re not just saying that because we want to sell you something.
We ’ rhenium saying that because we truly build — and continue to improve — Kubera for the mod investors of the populace who are tired of their clock time, money, and sensitive data stolen by the same fiscal tools that promise to help them.
At Kubera, we ’ re a minor team of individual investors who are constantly looking for new ways to diversify our portfolios. And in that quest, we realized we had a batch of disperse assets on our hands with no system for managing all of them for ourselves or for our children to whom we would finally pass them down. That ’ south why we created Kubera — the first gear true all-in-one portfolio tracker that will help you manage both crypto and decree accounts side by side. Which accounts ? Check out the wide list of banks, brokerages, crypto exchanges and wallets, and fiscal institutions to which Kubera connects. In addition, you can add tickers for person stocks and cryptocurrencies to your Kubera splashboard to keep an center on the grocery store at all times.
aside from fiscal accounts, with Kubera you can measure and manage everything from the family heirlooms you ’ ve acquired to your most important estate of the realm plan documents ( very ! ). For homes, vehicles, and vane domains specifically, Kubera integrates with leading asset experts ( such as Zillow in the U.S. ) that feed your Kubera dashboard with real-time grocery store data for your important investments.
If you ’ re a fiscal professional or would like to use Kubera ( for loose ! ) with serve from your fiscal professional, get in touch at hello @ kubera.com to learn about our white-label solution.
Sign up for your low-cost Kubera subscription right now and see if we ’ re right about being the single best joyride for keeping track of your crypto investments and beyond.