Free Crypto Portfolio Tracker in 2024

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20 Jan 2024

Table Of Contents

What You Should Know About Cryptocurrency Portfolio Management.
Learn how to manage a cryptocurrency portfolio and avoid common mistakes.
Manage Your Expectations and Develop an Exit Strategy
Best cryptocurrency portfolio management App
Coinpedia Portfolio Tracker
Features of Coinpedia Portfolio Tracker

What You Should Know About Cryptocurrency Portfolio Management.

Crypto portfolio management is the skill of employing the correct tools and mental models to maximize your financial returns from cryptocurrency investing.
Applying insight and becoming a better investor with the help of technology is an often overlooked component of cryptocurrency investment. The necessary tools and information are readily available on the internet, and employing them is simple. However, consistency is key.
Most people get carried away by their emotions when investing or trading, sabotaging themselves in the process. Cryptocurrency portfolio management will assist you in controlling your emotions, tracking your performance, and identifying your strengths and limitations when investing.

Learn how to manage a cryptocurrency portfolio and avoid common mistakes.

When it comes to maintaining a cryptocurrency portfolio, there are a few basic guidelines to follow.
Diversify Wisely: Avoid going all-in on a single coin; spread risk across different assets to minimize losses.
Prioritize Stability: Allocate a significant portion to large-cap coins like Bitcoin for resilience in market downturns.
Emotional Control: Acknowledge the impact of losses; diversification helps maintain rational decision-making during market fluctuations.
Regular Monitoring: Use crypto portfolio management tools to track performance and make timely adjustments.

Basic Crypto Portfolio Management Mistakes

You’ve most likely committed one or more of these mistakes when learning how to invest in cryptocurrency.

Investing on a whim Instead of Dollar Cost Averaging (DCA)

Many new investors discover something they like and are quick to buy in a coin based on a suggestion or a social media post. However, the sooner you decide to invest, the more likely you are to regret it if it fails. Dollar-cost averaging is the greatest long-term investment strategy: buy a small amount of a coin at regular periods (e.g., monthly), regardless of price. This manner, you’re less likely to be influenced by short-term volatility and “shaken out” by selling if there is price drop.

Not Monitoring Your Investments

Unless you simply have one penny, you should keep track of your investments. Zappier, Debank, Zerion, Apeboard, and other trackers can be used to aggregate DeFi investments in a single wallet across many blockchains. There are also numerous crypto portfolio management software and apps available to help you keep track of your investments.

Manage Your Expectations and Develop an Exit Strategy

Even if you get the first two right and follow the rest of our advice, you may be caught off guard if you don’t consider when you want to take profits or losses. For every investment or trade, you must know:

Why did you invest?
When do you intend to make a profit and why?
When should you cut your losses and why?
What fresh information could affect your investment thesis?

By controlling your expectations effectively, you reduce the likelihood of making rash decisions on days of significant gains or losses.

Best Cryptocurrency Portfolio Management App

Finding the greatest crypto portfolio management App is similar to hunting for the sharpest needle in a haystack: they all perform the job, and it’s difficult to determine which is the best. We do have a best suggestion to make your life easier.

Coinpedia Portfolio Tracker

The easiest method is to use Coinpedia’s portfolio management tracker. It provides real-time price data, secures your data, and monitors earnings, losses, and portfolio valuation. Each coin includes additional information, and you can build custom watchlists, set price notifications, and compare prices, volumes, and market capitalizations by just pasting your wallet address.

Features of Coinpedia Portfolio Tracker

Coinpedia
1. Overview:
CoinPedia’s portfolio analysis tool provides a comprehensive overview of your crypto investments. The user-friendly dashboard presents essential details, including token balances, current asset prices, portfolio percentages, and insightful charts. This holistic snapshot empowers users to make informed decisions by offering a clear understanding of their overall portfolio health.
2. Transfers
Effortlessly monitor the movement of your assets with CoinPedia’s transfer feature. The detailed transaction log includes crucial information such as transaction date, hash, value, transaction type, and fees incurred. Graphical representations enhance the transparency of chain and token allocations, providing users with a seamless experience in tracking their assets.
3. Analytics
CoinPedia’s analytics section goes beyond surface-level insights, offering valuable information about the portfolio’s performance. Identify top gainers and losers over the last 24 hours, providing a quick overview of assets thriving or experiencing a downturn. Visual aids for chain and token allocations further enhance understanding, aiding strategic decision-making.
4. NFTs
In the era of non-fungible tokens (NFTs), CoinPedia’s portfolio tool incorporates a dedicated list of NFTs. Effectively manage and monitor NFT holdings, gaining visibility into this unique and rapidly evolving segment of the crypto market.
5.Approvals
Maintain control of token permissions with CoinPedia’s approval feature. The tool provides a detailed list of token approvals, including date and time, wallet information, approvals granted, allowance details, and transaction hashes. Visual representations of chain and token allocations complement this information, ensuring a comprehensive view of token permissions.
CoinPedia’s Token Overview:

Supported Networks: CoinPedia supports major networks, including Ethereum, Binance Smart Chain (BSC), Polygon, Fantom, and Avalanche.
Net Worth: Gain a comprehensive view of your crypto assets with CoinPedia, displaying your net worth along with the percentage growth.
Asset Allocation: Get a breakdown of your assets with detailed information about each token, including balance, asset price, and portfolio percentage.

Conclusion
In the world of cryptocurrencies, effective portfolio management is essential. Coinpedia’s All-in-One Portfolio Tracker offers a smooth experience to track, analyze, and optimize multi-asset portfolios. Empower yourself with confidence as you navigate the crypto journey.

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Written by Zameer Attar

1K Followers
Unveiling the Mysteries of Crypto | Analyst Extraordinaire 📊💎Stay tuned for market updates, educational content, and thought-provoking discussions🚀💡