Owners of a diversified portfolio of cryptocurrencies and novice traders with an asset of three or more types of coins equally need a convenient way to track the status of their investments. They need this in order to determine in time the right moment to buy or sell digital assets. Special applications help to solve the main task (as well as a number of auxiliary ones), how to see the profit or loss of your positions.

After installing the tracker, you no longer have to mentally calculate income or loss.

How to choose an application?

 

The number of trackers is constantly growing, and their functions are expanding. First of all, when choosing the best option, you need to pay attention to the following 5 features:

  1. The first is privacy and security. Applications that require two-factor authentication from the user and provide multi-level encryption are considered the best.
  2. Secondly, the simplicity of the interface. Of course, an intuitive design or the absence of unnecessary technical terms in the menu will be an advantage for a beginner.
  3. Thirdly, the possibility of restoring access in case of loss / loss of the previous used device (PC or mobile phone).
  4. Fourth, free services. A number of apps offer paid options, but keep the core features available without a subscription fee.
  5. And fifthly, the list of supported coins, crypto exchanges and fiat currencies. The bigger it is, the better.

When downloading an application, it is also recommended to clarify which operating systems are supported by the tracker. Some are available only for macOS, others only for Windows.

Top 3 popular trackers

The best way to compare the capabilities of applications is to use specific examples. How to see profit or loss with the CoinTracking.info app:

  • tax reporting for more than 100 countries;
  • easy import from crypto-exchanges (there are more than 110 sites in the list);
  • API and data encryption;
  • profit and loss statements;
  • support for 16,935 coins;
  • statistical analysis and trends based on trading results.

The platform is trusted by more than 1,052,000 users. Before creating an account, you can familiarize yourself with the work in a demo version in real time.

With a huge number of traders keeping their finger on the pulse with their mobile phones, Blockfolio’s free smartphone app has amassed over 6,000,000 subscribers.

The Blockfolio app supports over 10,000 coins and has an intuitive interface. The main competitor is the Delta tracker (for iOS and Android). At the beginning of 2022, the application is used by more than 3,000,000 users in 115 countries.