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What is the best way to monitor my cryptocurrency portfolio?

avatartaleen wahdanDec 27, 2021 · 3 years ago3 answers

I am looking for the most effective method to keep track of my cryptocurrency investments. What are some recommended ways to monitor and manage my cryptocurrency portfolio?

What is the best way to monitor my cryptocurrency portfolio?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best ways to monitor your cryptocurrency portfolio is by using a dedicated portfolio tracking app. These apps allow you to connect your exchange accounts and wallets, and they provide real-time updates on the value of your holdings. Some popular portfolio tracking apps include Blockfolio, Delta, and CoinStats. These apps also offer features like price alerts, news updates, and portfolio performance analysis to help you make informed decisions.
  • avatarDec 27, 2021 · 3 years ago
    If you prefer a more hands-on approach, you can create a spreadsheet to track your cryptocurrency portfolio. This allows you to customize the tracking process and include additional data points that are important to you. You can manually enter the details of each transaction, including the date, amount, and price, and the spreadsheet will calculate the current value of your holdings based on the latest market prices. While this method requires more effort, it provides a high level of control and flexibility.
  • avatarDec 27, 2021 · 3 years ago
    Another option is to use a portfolio management platform like BYDFi. BYDFi offers a comprehensive suite of tools for monitoring and managing your cryptocurrency portfolio. With features like real-time portfolio tracking, performance analysis, and risk assessment, BYDFi provides a holistic solution for investors. Additionally, BYDFi integrates with popular exchanges and wallets, making it easy to import your transaction data and keep your portfolio up to date.