Organizing Your Crypto Assets
Have you ever wondered about how hard it is to track and manage all of your coins? If you are someone who owns a lot of coins, then you might find it difficult to assess the performance of your overall portfolio. Sure, you can check the price of each coin that you have, but that’s too inefficient for someone who wants to invest in more coins. Fortunately, there are several helpful apps which you can download to better manage and track your cryptocurrency portfolio.
This is not financial investment advice.
This article will review several portfolio-managing applications.
In this article
- CoinBundle
- Abra
- Robinhood
- CoinTracking
- Delta
- Blockfolio
- Conclusion
CoinBundle
One application which you can use to easily manage your crypto portfolio is (no surprise here) CoinBundle! We provide users with one of the simplest ways to manage your assets. CoinBundle is the easiest way for people to invest in cryptocurrencies responsibly. We take all the hard work out of investing, letting you build your portfolio according to your needs. All you have to do is use our app to purchase cryptocurrency, and your entire portfolio will be available on the app to track and manage.
Investment in multiple currencies requires you to go to many different exchanges, requiring additional time and paperwork. CoinBundle lets you invest in different cryptocurrencies quickly, all in one place! This will allow you to effortlessly manage your entire portfolio and track the returns from each coin. Users can isolate which coins have been doing well and which ones aren’t, allowing them to make better decisions when investing in the future.
Abra
Another app that allows you to buy, manage, and store cryptocurrency is Abra. This app was launched in 2014 and has since received support from many major cryptocurrencies including Bitcoin, Ethereum, and Ripple. Yet, it’s the app’s ability to provide a diverse set of smaller coins as well that makes it so unique. Essentially, Abra is an app that allows you to buy, store, and invest in 25 cryptocurrencies in one place.
All you have to do is download the app and sign up, Abra automatically creates a mobile cryptocurrency wallet for you so you can hold all of your crypto investments in one place. Use your bank account, credit or debit card, or cryptocurrencies (bitcoin and litecoin) to fund the wallet from pretty much anywhere in the world. All of your investments will be available on the app and easy for you to manage, again, allowing you to make better decisions when investing in the future.
Robinhood
Although Robinhood is primarily known as a stock-trading app, it can also be used to manage your cryptocurrency assets. This app even sends you updates every few hours when a coin’s price has moved more than a specific percentage within that time frame. So even when you’re not in front of a screen or computer, you can always count on your phone to update you when prices begin to move.
Again, all you have to do is follow the simple sign up process when downloading the app and provide the necessary information. Once you’ve done this, you can start investing in cryptocurrencies and managing your entire portfolio. Your total portfolio value is displayed largely on the main screen, so you’ll have no difficulty in figuring out how you’re investments are performing.
CoinTracking
CoinTracking is another portfolio-managing application that allows you to, well, manage your cryptocurrency portfolio. CoinTracking is a website where you not only see your current portfolio balance, but also analyze data that helps you make a better decision in terms of buying and selling your coins at the right time.
Moreover, managing coins on various exchanges could be cumbersome, so this app lets you see which coins and how much of each coin you are holding. Another feature of CoinTracking is the realized and unrealized Gain/Loss feature. This allows you to further isolate and assess specific coins that are either gaining you a lot of money or simply dragging your returns down.
Delta
Next, we have an application called Delta. This app, available for both IOS and Android, allows its users to store and manage their coins. Like the rest of the applications on the list, Delta allows you to analyze your portfolio by breaking it up into different groupings depending on what kind of coin you purchase. Also, there are helpful features like live price action alert systems and coin analysis charts.
Th e Delta developers and communities are still very active, so you can expect updates to come along in the future.
Blockfolio
Blockfolio is a completely mobile-based application which allows you to manage your cryptocurrency portfolio from your phone. For people who prefer mobile-applications, this app uses a simple user interface which makes it easy to navigate the app from your phone. It also has some helpful features like setting price alerts and displaying exchange books.
The account feature has not been integrated yet, which is one drawback of using the application. Despite this small issue, the app is still filled with tons of resources and features which will help any crypto novice learn how to properly manage a portfolio.
Conclusion
When you first begin to trade cryptocurrency, you might not know how to keep track of all of your assets correctly. Sure, you can check out the price movements for each coin that you have cash positions for and log into multiple exchanges to check your value, but that is an extremely inefficient way to do so. Instead, you should check out any of the aforementioned apps which allow you to manage, store, and assess your cryptocurrency portfolio from anywhere in the world, all in one place.
Do you use a cryptocurrency portfolio-managing application?
Let us know why in the comments!