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Crypto Portfolio Tracking: How to Choose the Right App

Crypto Portfolio Tracking: How to Choose the Right App

It doesn’t matter how small (or big) a trader you are, using tools to track your performance in real-time is a must. And having the best crypto portfolio tracker at your disposal is essential to have up-to-date information on your long-term holdings and current trading positions. It’s no secret that there are over a dozen competing apps on the market, and each of them self-advertises as the best solution out there. 

But how many of these apps are actually good? Which of the apps is the most feature-rich & secure, and what criteria should I use to select the right app for me? Let’s find the answers to these questions in this article.

The best cryptocurrency portfolio app: what features should it have?

Ideally speaking, it should have them all: automatic (not manual!) portfolio tracking, historical data, connection to your accounts on different exchanges, order execution, deposit and custom alerts, and so on. Let’s look at each of the functions with a little more depth.

Automatic portfolio tracking and portfolio performance

Lots of apps currently advertised as “portfolio trackers” don't actually have the features necessary to track & record your portfolio’s performance properly. I’m sure you are aware of the apps which require you to manually type every transaction you’ve made, as well as the executed price and even time. This type of portfolio tracking has long been outdated, and there is obviously no place for it in 2020.

Instead, the tracking should happen automatically, like in GoodCrypto: you connect your accounts on various crypto exchanges and add your blockchain wallet addresses, and the app tracks every transaction, trade, and change in price automatically, giving you an up-to-date overview of your portfolio whenever you need it. In addition, the app tracks the historic performance of your portfolio, making it easier to analyze and revise your strategy and provide an outstanding trading experience.

Integration with Crypto Exchanges

Considering the volatile nature of the market, a good cryptocurrency portfolio app should also provide you with the ability to execute trades on the go. This includes integration with as many exchanges as possible, showing order books as well as supporting various order types and charting tools.

Here is the list of exchanges supported by the GoodCrypto app: Binance, Bittrex, Kraken, HitBTC, Coinbase Pro, Bitfinex, Blockchain.com, Bitmex, Bitstamp, Poloniex, Kucoin, OKEx, Huobi, Binance US, Liquid, Exmo, YoBit, Kuna, Indodax, Gemini, CEX, Gate.io, Bithumb, and bitFlyer.

Having such a wide list of supported exchanges and the ability to execute trades on most of them, allows GoodCrypto to provide an outstanding user experience unmatched by any other competing product.

 

Portfolio and Trading Alerts

A crypto portfolio management app is only as good as its ability to provide you timely updates on the critical portfolio, trading and market events. GoodCrypto's extensive alerting functionality excels at this task providing you with real-time order execution and incoming transactions push alerts.

You can also opt to receive alerts for sudden movements of the price of Bitcoin as well as the sudden movements of the top 25 cryptocurrencies relative to Bitcoin to never miss the start of the overall market volatility and asset-specific market-moving events.

In addition, you can decide when and how many times per day to receive a concise summary of your portfolio performance - absolute and relative to the Bitcoin benchmark, as well as the overall market summary with top gainers, top losers and top traded cryptocurrencies.

Good Crypto app also provides the ability to set and receive custom price alerts. You can choose to track any trading pair on any major crypto exchange or simply set an alert for the aggregated average market price of Bitcoin or any of the altcoins. 

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In addition to the huge number of integrated trading platforms, GoodCrypto also provides unique order-types for exchanges that don’t have them: you can place Market, Limit, Stop-Market and Stop-Limit orders on any of them. Plus, a number of advanced order-types are coming very shortly: trailing stop-loss and take-profit, VWAP, TWAP, OCO, OTO for all exchanges.

Custom Alerts

To take full advantage of using your cryptocurrency portfolio tracking app, set up and use custom, price-dependent alerts. For example, if you want to be alerted when Bitcoin reaches $10k, all you need to do in the GoodCrypto app is just set an alert. Many other apps are lacking this feature, and even some of them which have it – will not alert you on time due to using inferior tracking services with significant latencies.

What are the additional portfolio tracking features that set GoodCrypto apart?

In addition to monitoring well over 10,000 trading pairs for 1,500+ cryptos across 20+ exchanges, GoodCrypto supports denomination in over 40 fiat currencies, allowing you to monitor the market in real-time and in your native currency.

An option to receive a daily market summary and a range of enticing interface options to make your trading experience ever-more seamless and as comfortable as possible.

Thus, when choosing a portfolio tracking app that’s right for you, we can’t but recommend you download the GoodCrypto app for superb trading & portfolio tracking experience.

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March 26, 2020

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