There are many crypto currencies and a good track of your crypto portofolio is very important for high profits. We will compare HodlStream to other crypto portofolio managers. Like Blockfolio, Delta is one of the most popular crypto-tracking apps with 1M+ app installs. It is predominantly a mobile app, supporting both Android and iOS. There are also desktop clients for Windows, Mac and Linux. The desktop clients are essentially extensions of the mobile apps as you have to sync the desktop apps with your mobile apps before you can start using them. The interface of Delta has a minimalistic and corporate look and feel. Apart from the usual portfolio tracking feature, you can also set up a Watchlist to track coins which you are looking to buy into. You can use API keys to connect to exchange accounts (7 exchanges supported right now) and sync with your crypto wallets to seamlessly import all your trades and holdings in one place. Another useful feature is the Account Recovery option. The app generates a dynamic recovery code, which can be used later to restore the app to the last known state.
Cointracker is available for both iOS and Android. It tracks more than 2,500 coins, allowing you to connect transactions from 20 exchanges. You can also import Bitcoin, Ethereum / ERC20, Litecoin and Dogecoin wallets. While charting functionality via the simple app is limited, perhaps the biggest attraction of Cointracker is its automated tax form creation (focused on US tax residents). While these tax plans range from £34 to £780, depending on the number of transactions, clearly this element of the site will be useful to many.
Must have : It’s almost tax time again, and accountants are going to be inundated with crypto investors looking to pay taxes on their assets. Accounting for crypto is easiest and most accurate when professionals have the information they need in an accessible format. While this can require a painstaking process of document acquisition, this can be simplified by using third-party asset management tools that can streamline communication with CPAs and external auditors. For example, a platform that can export data on all crypto assets into a CSV allows users to quickly share financial information with tax professionals. Naturally, platforms that offer a plugin to popular services like Coinbase are even better. Extra info at Data driven crypto portfolio insights.
Comparing cryptocurrency markets with traditional investment markets, you will clearly see that the cryptocurrency market is much smaller. This means that relatively small trade volumes can and do have a large impact. Even relatively small event such as a trading site hack in South Korea can affect the whole crypto market in a big way. Social media groups and forums about cryptocurrencies are always abuzz about such events. Crypto traders often base their purchase decisions on social media news and trends. Read “FUD and FOMO Explained” to learn more about this. Cryptocurrency traders need robust apps to serve as portfolio trackers, and start-ups are stepping in to provide them with some. If you are one such startup, I will explain how to build a crypto portfolio tracker app in this article.