Cryptocurrency Basics

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Cryptocurrency Basics

Introduction

  • What is Cryptocurrency?
  • How does Cryptocurrency work?
  • Popular Cryptocurrencies
  • History of Cryptocurrency
  • How does a blockchain work?
  • What is "Decentralisation" and why is it important?
  • Mining and Consensus Mechanisms
  • Permissioned vs. Permissionless Blockchains
  • What is the difference between a coin and a token?
  • What are self-custody & non-custodial wallets?

Getting Started

  • How To Buy Cryptocurrency
  • Setting Up a Crypto Wallet
  • Securing Your Cryptocurrency
  • Understanding Exchange Platforms
  • Types of Cryptocurrency Wallet
  • Best Practices for Crypto Storage
  • Common types of Cryptocurrency Scams
  • How to identify a Cryptocurrency Scam?
  • How to avoid Cryptocurrency Scams
  • Do I owe taxes on Crypto transactions?
  • How to Track Your Crypto Portfolio

Decentralized Finance (DeFi)

  • What is DeFi?
  • How DeFi Differs from Traditional Finance
  • Major Use Cases in DeFi
  • What are Smart Contracts?
  • Understanding Liquidity Pools
  • Staking and Yield Farming
  • DeFi Risks and Security
  • What Is Crypto P2P Trading, and How Does It Work?

How to Track Your Crypto Portfolio

What is a Crypto Portfolio Tracker?

A crypto portfolio tracker is a tool that allows users to monitor all their cryptocurrency investments from one centralized platform. It provides real-time updates on the value of their holdings, historical performance, and other important metrics. Many trackers can connect directly to exchanges and wallets via APIs, giving users live access to their assets. Advanced trackers also offer additional features like market analysis, tax reporting, news feeds, and risk assessment.

Why Use a Portfolio Tracker?

Cryptocurrencies are notoriously volatile, making portfolio management essential for investors. A well-diversified crypto portfolio often involves multiple assets spread across different wallets and exchanges. For example, you might use a hardware wallet for long-term storage, a non-custodial wallet for interacting with decentralized finance (DeFi) platforms, and a hot wallet for active trading.

A crypto portfolio tracker simplifies managing these diverse investments, allowing investors to make informed decisions quickly and efficiently.

Crypto Portfolio Trackers

CoinStats

CoinStats is known for its robust portfolio management capabilities, with connections to over 300 platforms, including popular exchanges like Coinbase, Kraken, and Binance, and wallets such as MetaMask and Ledger. It supports tracking various assets, including non-fungible tokens (NFTs), offering a comprehensive solution for both casual and advanced investors.

CoinMarketCap

CoinMarketCap, one of the most widely used crypto price-tracking resources, also offers free portfolio tracking apps for PC, iOS, and Android. Users can manually input their crypto holdings or connect directly to their wallets and exchanges. Binance, which owns CoinMarketCap, is one of the many supported platforms.

Kubera

Kubera is a premium portfolio management tool catering to both cryptocurrency and traditional assets. It tracks not only crypto holdings but also stocks, real estate, automobiles, metals, and even domain names. This versatility makes it a favorite among traditional investors with crypto exposure. Kubera costs $150 per year and integrates with multiple banks, brokerage accounts, and a few crypto wallets like Ledger and MetaMask.

Delta

Delta is an investment tracker designed for cryptocurrencies and traditional assets like stocks, ETFs, and fiat currencies. It offers a powerful suite of tools, including charts and visualizations, helping users track and analyze their investments. Delta is a product of the brokerage firm eToro, adding another layer of credibility and support for diversified investments.

CoinGecko

CoinGecko, similar to CoinMarketCap, is known for its crypto ranking and tracking capabilities. Its portfolio tracker supports over 13,000 crypto assets, providing real-time prices and advanced charting tools. However, unlike some competitors, CoinGecko does not offer API connections to exchanges or wallets, meaning users must manually input transaction details.

More articles in this section

How To Buy Cryptocurrency

Setting Up a Crypto Wallet

Securing Your Cryptocurrency

Understanding Exchange Platforms

Types of Cryptocurrency Wallet

Best Practices for Crypto Storage

Common types of Cryptocurrency Scams

How to identify a Cryptocurrency Scam?

How to avoid Cryptocurrency Scams

Do I owe taxes on Crypto transactions?