![]() Because many cryptocurrency portfolio trackers link with an exchange or your bank account, it’s crucial to protect your coins and your money. This makes it especially important to choose a tracker that places an increased emphasis on security. ![]() It’s also very difficult to determine who owns which wallet - and once a cryptocurrency transaction has been initiated, it’s virtually impossible to get that money back. The decentralized nature of the blockchain makes Bitcoin and other cryptocurrencies exceptionally difficult to track and trace. Though every portfolio tracker will offer its own individual niche to appeal to a certain segment of traders, every choice you consider should have at least these 3 basic features. Unfortunately, not every crypto portfolio tracker is equally useful and secure. What to Look for in a Crypto Portfolio Tracker You’ll need to consider each portfolio tracker individually and decide which one is right for your needs as an investor and a trader. Others might allow you to purchase and catalog tons of different choices but don’t support tracking features. Some may allow you to buy and sell coins but don’t feature every coin you need. Plan to invest in cryptocurrency for months or years at a time? It’s better to use an exterior wallet and tracker.ĭifferent cryptocurrency portfolio trackers have different sets of features, and no one tracker does everything perfectly. Leaving your coins inside of your cryptocurrency exchange is convenient for frequent and new traders but it’s considered unsafe as a long-term solution because exchanges are more frequently hacking targets. These trackers also allow you to buy and sell cryptocurrencies supported on the platform. Like a standard tracker, a tracking exchange assigns you an individual wallet key you can use to import and hold cryptocurrencies. Some cryptocurrency portfolio trackers also function as cryptocurrency trading platforms. Cryptocurrency portfolios are most useful for large-scale traders who have more than 3 coins they actively trade in a portfolio. 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. With a variety of bots to choose from and an easily programmable system, Pionex offers an excellent choice for investors who don't know whether a trading bot is quite the right fit.Ī cryptocurrency portfolio tracker is a website, app or another type of platform that allows you to manage your investments and keep track of how the value of your coins are changing. You’ll pay just 0.05% in maker and taker fees when using the platform. Pionex, the world’s first cryptocurrency exchange with a built-in trading bot, means you can directly buy and sell cryptocurrencies while also using 1 or more of the platform’s 18 native trading bots. Plus, the Smart Trade terminal allows traders to set up stop-loss, take profit, and trailing in one trade.
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