With the growing popularity of cryptocurrencies like Bitcoin and Ethereum, many investors are looking to add digital assets to their portfolios. However, the highly volatile nature of crypto prices can make it challenging to effectively track and manage investments. Thankfully, there are now a variety of useful tools and calculators designed specifically for crypto investors. These apps and platforms aim to help users invest according to their values, calculate returns, and monitor real-time market movements. In this article, we will explore 4 must-have tools for crypto investors to optimize their portfolio management.
CoinMarketCap for Real-Time Price Tracking
CoinMarketCap is one of the most popular free crypto apps, providing real-time data on over 2000 coins. Users can view rolling market cap rankings, price charts, trading volumes, and crypto news. The portfolio tool also allows you to manually input transactions to calculate profit and loss. With customizable alerts and notifications, CoinMarketCap enables easy tracking across your holdings.
CoinStats for Automated Portfolio Management
CoinStats takes crypto portfolio management to the next level by connecting directly to your exchange accounts and wallets. This gives you a consolidated dashboard showing your full crypto net worth across platforms. The app can also automatically sync buy/sell transactions, saving you manual work. Users can set price alerts, read market news, and track over 10,000 coins.
CoinTracker for Comprehensive Tax Reporting
Keeping up with crypto tax reporting can be extremely challenging given the volume of transactions. That’s where CoinTracker comes in – it generates comprehensive capital gains reports for tax filing. Simply connect your wallets and exchanges to automatically pull in transactions. You can even import CSV files from various platforms. The reports cover short-term gains, long-term gains, income and more.
EthicHub for Values-Based Crypto Investing
If you want to put your money to work for good, EthicHub allows values-based crypto investing. Their vetted portfolio includes 50+ coins aligned with themes like climate change, economic fairness and human rights. Users can browse coins based on social impact, track holdings and set up recurring buys. EthicHub provides an easy way to invest your values across blockchain projects.
By utilizing tools like CoinMarketCap, CoinStats, CoinTracker and EthicHub, crypto investors can simplify portfolio tracking, taxes, and align investments with their values. These platforms provide much-needed clarity into the often complex world of digital asset management.