Top 7 Crypto Portfolio Management Tools for Traders
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About a decade ago, it was just Bitcoin that existed in the crypto world. But today, research has it that the entire crypto landscape is growing dramatically – there are over 500 crypto exchanges and about 2,295 cryptocurrencies available in the crypto market according to CoinMarketCap.
Now, considering the ever-growing rate of digital assets and exchanges, it has become challenging for a trader to manage his or her crypto investments, monitor their performances and even keep track of gains or perhaps losses.
Interestingly, there are so many efficient crypto portfolio management tools that can help you — either as a trader or an investor – to effectively manage your digital assets. Here are the top seven portfolio management tools that actually serve a variety of purposes.
Shrimpy is one of the leading crypto portfolio management tools armed with useful and advanced features that make it unique. In fact, one of its distinguishing features is that it provides traders and investors with a Universal Exchange Interface( UEI). This makes it seamless for anyone to get an uninterrupted overview of his or her entire portfolio.
Interestingly, with Shrimpy, you can backtest portfolios with about five years of historical data being collected from different crypto exchanges. In fact, it provides convenient tracking capabilities.
This tool cannot only analyze exact bid-ask market data, but it can also simplify the portfolio management process by providing functionality for building custom portfolios, building advanced market indices and rebalancing.
Note: Shrimpy offers a free plan and it’s available on every exchange. For more additional features, you’ll have to pay for access.
Blockfolio is also one of the top-rated cryptocurrency portfolio management apps available in the crypto market. Aside from being easy to use, you can monitor your portfolio with this tool.
At time of writing, Blockfolio has about five million users and supports over 200+ exchanges globally. It also supports thousands of cryptocurrencies.
Note: This tool is completely free and its app is available on both Android and iOS.
CoinStats is another notable crypto portfolio management tool. It offers users a functional design that works pretty well.
Actually, this tool does not only review thousands of coins with live price update from over 250 crypto exchanges, its superb alerts feature price data, volume, market cap, etc.
Note: This tool will allow you to manage multiple portfolios, swap trading and so on, but to really enjoy this tool, you’ll have to pay a few euros.
This tool is very popular among the advanced traders. In fact, it’s one of the early portfolio management tools that existed during the early days of crypto.
CryptoCompare is a free tool and it’s only available on the web and Android. It gives traders the room to create and manage multiple portfolios, and it also performs risk analysis.
Note: It supports over 5,000 cryptocurrencies.
This is another leading crypto asset portfolio management tool available in today’s crypto market.
Beyond being easy to use, It provides users with powerful trade analysis and portfolio management features that will help them record and monitor all of their crypto investments.
Note: It also supports several coins and exchanges and allows users to monitor an asset’s performance.
Cointracking is another top portfolio management tool. Among other leading tools, it’s very unique. It’s supported by over 50+ exchanges and has access to about eight wallets including Trezor and Ethereum.
With this tool, traders can directly import exchange transactions. The free version limits users from importing over 200 transactions. But with the pro version (the paid version), users can import unlimited transactions.
Delta is also one of the top crypto portfolio management tools. And with its minimal interface, it provides great user experience. It has support from over 300+ exchanges and 3,000+ crypto coins.
Its application is supported by every major platform including iOS, Android, Linux, windows on both mobile and desktop.
Note: Delta offers its users detailed trading analysis, market watchlists, overviews and personalized notifications.
With the ever-growing number of cryptocurrencies available in the market today, traders and investors struggle to properly manage their entire portfolios. However, with the above-mentioned tools, it will be easier to keep track and to monitor their assets’ performances.
Ejiofor Francis is an IT/blockchain PR expert and writer with over six years of guest blogging experience. He helps companies to create top-notch content that drives great results. Do you own a crypto/blockchain blog? Here is an ultimate guide on how to create a thriving crypto blog.
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