As you start to invest more in cryptocurrency, you might find that you’re starting to invest in multiple different wallets. You may even have a hardware wallet, which is a cryptocurrency wallet that you keep offline. However, logging into multiple different apps to track multiple different cryptocurrency wallets can be tiring, and it makes it more likely for you to miss something important. Plus, with all of the new crypto tax regulations, you’re playing with fire by not accurately keeping up with everything. One missed transaction could trigger a red flag with the IRS. Thankfully, as long as you have a tax calculator and a good wallet tracker for your cryptocurrency, then you’re on the right path. As long as everything stays nice, neat, and organized, then there will be far less mishaps if any at all. if you’re trying to find the best crypto wallet tracker, here are five possible cryptocurrency portfolio trackers.
CoinTracker is one of the best options if you want to make sure your end-of-the-year taxes are simple and easy. It offers free cryptocurrency tracking year-round, and if you want to make your taxes super simple at the end of the year, you can just buy an extra package to generate those tax returns as an add-on.
Koinly is mostly a premium app, but if you’re interested in its options, it’s also a great app to use on the free plan. The Free Forever plan allows you to link unlimited wallets and exchange accounts, as well as up to 10,000 transactions. That makes it an amazing starting point if you’re interested in tracking your cryptocurrency.
Coin Market Manager
If you’re thinking about upgrading to a paid system, Coin Market Manager may be the right choice for you. The Pro version of Coin Market Manager gives you access to real-time balances as well as real-time profit and loss data, and you’ll even get account analytics for your portfolio. Plus, there’s a seven-day trial to help you learn more before you buy.
As one of the better-known crypto trackers, Blockfolio lets you track accounts and balances across a variety of wallets. Its owned by FTX, which means there’s a clear bias toward FTX exchanges, but you can track balances outside of FTX as well, making it a great option for people who use FTX as their primary or anyone else.
If you want a simple place to track all of your money and investments, including both cryptocurrency and traditional currency, Lunch Money is a great way to get started. It does charge a nominal fee, but that fee allows you to track your cryptocurrency connections as well as your bank and investment data, and that makes it easy for you to learn more about where all your money is.
Tracking cryptocurrency is one important element of investing in it, especially since the cryptocurrency market is so volatile. No matter what you’re looking for, there are a number of different cryptocurrency portfolio trackers that can help you pay attention to everything that your cryptocurrency is currently doing for you. From people who are concerned about their taxes at the end of the year to people who are willing to spend a bit of money for a really significant suite of tools, these five apps allow you to choose the approach that will work best for you.