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A portfolio tracker is a digital platform, such as an app or website, that enables you as an investor to keep track of the ever-changing value of your different coins so that you can manage your portfolio properly. Trackers link with your wallets and exchanges; it’s a one-stop shop for everything you need to know about how your portfolio changes in value.
WHY DO I NEED A PORTFOLIO TRACKER?
A portfolio tracker is that tool — enabling you to easily monitor the performance of your cryptocurrencies and other assets all in a single view.
For every investor, the main goal is to maximize profits and implement a variety of strategies to capitalize on market trends.
Crypto traders store funds across multiple exchanges and use different wallets for different purposes. This can make tracking your crypto net worth a major pain in the neck. Using a crypto portfolio tracker and tax manager can help you gauge your gains in real time, even across multiple networks, exchanges and wallets.
Portfolio trackers are an essential tool for both casual and professional cryptocurrency investors because they allow you to monitor price changes at all hours of the day and track your investments over time. If you store your cryptocurrency on a hardware wallet for security, then a portfolio tracker is the best way to stay up to date on the value of your investments.
Automatically diversify your portfolio, and each to ensure you get the maximum potential return with the least amount of risk on your investment.