Portfolio tracker

Cryptocurrency Portfolio Trackers: A Beginner's Guide

So, you've taken the plunge and started buying Cryptocurrency! Congratulations! You've likely purchased some Bitcoin or Ethereum, maybe even explored some Altcoins. But how do you keep track of it all? That's where cryptocurrency portfolio trackers come in. This guide will explain what they are, why you need one, and how to use them.

What is a Cryptocurrency Portfolio Tracker?

Imagine you have investments in stocks, bonds, and mutual funds. You'd probably use a spreadsheet or an app to see how well those investments are doing, right? A cryptocurrency portfolio tracker does the same thing, but for your digital assets.

It’s a tool – often a website or app – that allows you to monitor all your cryptocurrency holdings in one place. It shows you:

• **The current value of each coin:** How much each cryptocurrency is worth *right now*.
• **Your total portfolio value:** The combined value of all your coins.
• **Profit and Loss (P&L):** Whether you're making or losing money on your investments.
• **Transaction History:** A record of your buys and sells.

Essentially, it's a central hub for understanding your cryptocurrency finances. It’s a crucial tool for managing your Risk Management and making informed decisions.

Why Do You Need a Portfolio Tracker?

Trying to track your crypto manually is a nightmare. You’d have to check the price of each coin on different Cryptocurrency Exchanges and manually calculate everything. Here’s why a tracker is essential:

• **Convenience:** All your information in one place.
• **Accuracy:** Automated calculations reduce errors.
• **Time-Saving:** No more manual price checks.
• **Better Decision-Making:** Understand your overall performance and adjust your Trading Strategy accordingly.
• **Tax Reporting:** Many trackers can help you generate reports for Cryptocurrency Taxes.

How Do Portfolio Trackers Work?

Most trackers work by connecting to the cryptocurrency exchanges and wallets where you hold your coins. This is done through **Application Programming Interfaces (APIs)**. Don't worry about the technical term! An API is just a secure way for different computer systems to talk to each other.

When you connect your exchange account (like Register now Binance, Start trading Bybit, Join BingX, Open account Bybit, or BitMEX) or your wallet, the tracker automatically imports your transaction history and current holdings.

Some trackers also allow you to manually add transactions if you've used a method that doesn't support API connections.

Popular Portfolio Trackers: A Comparison

Here's a quick look at some popular options. Keep in mind that features and pricing can change, so always check the latest information on the tracker’s website.

Tracker Name	Free Version	Key Features	Platforms
CoinGecko	Yes	Price tracking, portfolio tracking, market capitalization data, gas fees	Web, Mobile App
CoinMarketCap	Yes	Price tracking, portfolio tracking, exchange listings, news	Web, Mobile App
Blockfolio (FTX - *currently experiencing issues*)	Yes	Portfolio tracking, price alerts, news	Mobile App
Delta	Yes (Limited)	Portfolio tracking, advanced charting, price alerts	Web, Desktop, Mobile App
Koinly	No (Paid Only)	Tax reporting, portfolio tracking, advanced analytics	Web

This table isn’t exhaustive, but it gives you a starting point. Many other options exist, each with its own strengths and weaknesses.

Step-by-Step: Setting Up a Portfolio Tracker (CoinGecko Example)

Let's walk through setting up an account with CoinGecko ([

Recommended Crypto Exchanges

Exchange	Features	Sign Up
Binance	Largest exchange, 500+ coins	Sign Up - Register Now - CashBack 10% SPOT and Futures
BingX Futures	Copy trading	Join BingX - A lot of bonuses for registration on this exchange

Start Trading Now

• Register on Binance (Recommended for beginners)
• Try Bybit (For futures trading)

Learn More

Join our Telegram community: @Crypto_futurestrading

⚠️ *Disclaimer: Cryptocurrency trading involves risk. Only invest what you can afford to lose.* ⚠️