If you enjoy investing in cryptocurrency, chances are that you have multiple cryptocurrency wallets. While some people may only invest with one wallet, the more you start dabbling in it, the more likely it will be that you’ll have to open multiple. When you have multiple wallets, you also need a way to check up on each one without logging into every account individually. Here are the five things to look for so you can have the best crypto wallet tracker.
1. Cost of the Tracker
First is the actual cost that you have to pay for the tracker itself. When you’re investing in a cryptocurrency portfolio tracker, you want to minimize the amount you’re paying, as it’ll cut into your return on investment. There are both free trackers and trackers with enough value to offset their fee, but beginners may want to choose one that’s free.
2. Security Features
Cryptocurrency is much different than a traditional currency in many ways, and one of those ways is that you have to be much more careful about security. With cryptocurrency, if you lose your currency, it’s pretty much lost forever. Check to make sure the cryptocurrency portfolio tracker has the best possible security.
3. Account and Wallet Support
Especially if you have certain wallets that aren’t as widely-used as the most popular wallets, you need to make sure that the cryptocurrency portfolio tracker you choose actually allows you to log into all your wallets. Before you sign up for a cryptocurrency portfolio tracker, check directly to make sure your wallets are all supported.
4. Ease of Use That Matches Your Tech-Savviness
It’s possible to invest in cryptocurrency even if you’re not particularly tech-savvy. If you’re not super great at managing your technology, one of the things you might want to look for is a cryptocurrency portfolio tracker that’s easy for less technologically advanced people to use. If you know more, you might want one that’s a bit more complicated, but offers more options.
5. Additional Features
Lastly, check to see if the cryptocurrency portfolio tracker has any other features that might be helpful for you. Some cryptocurrency portfolio trackers may give you help with taxes, give you advice on how to manage your portfolio, or introduce you to new ways to invest in the world of cryptocurrency. No matter what these benefits are, it’s important to look into them and see how they might be able to help you.
A cryptocurrency portfolio tracker can be a great way to keep an eye on all your cryptocurrency investments. By giving you one centralized hub where you can look at all your cryptocurrencies, these trackers make it easier for you to manage your investments. However, you need to make sure that you’re getting the right tracker for your needs. These are five important elements that you need to check for if you want the best cryptocurrency portfolio tracker for any collection of cryptocurrency investments.