How can I track my cryptocurrency portfolio like I track my PayPal transactions?

3 answers

• Dec 18, 2021 · 3 years ago
  One option you can consider is using a cryptocurrency portfolio tracking app or website. These platforms allow you to connect your cryptocurrency exchange accounts and wallets, and they will automatically sync your transactions and calculate your portfolio value. Some popular portfolio tracking tools include CoinStats, Blockfolio, and Delta. These apps often provide real-time price updates, portfolio performance analysis, and even alerts for price changes or news events. With these tools, you can easily keep track of your cryptocurrency investments, just like how you track your PayPal transactions.
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• Dec 18, 2021 · 3 years ago
  If you prefer a more manual approach, you can create a spreadsheet to track your cryptocurrency portfolio. You can input your transactions, including the date, type of transaction (buy/sell), cryptocurrency involved, quantity, and price. By calculating the total value of each cryptocurrency at the time of each transaction, you can keep track of your portfolio's overall value. Additionally, you can use formulas to calculate your gains/losses and percentage changes. Although this method requires more effort, it gives you more control and customization options for tracking your portfolio.
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• Dec 18, 2021 · 3 years ago
  Another option is to use a third-party portfolio tracking service like BYDFi. These services provide a comprehensive overview of your cryptocurrency holdings, including real-time prices, portfolio performance, and historical data. They often offer advanced features such as tax reporting and portfolio rebalancing recommendations. BYDFi, for example, allows you to connect multiple exchanges and wallets, making it easier to track your portfolio across different platforms. With these services, you can have a centralized view of your cryptocurrency investments, similar to how you track your PayPal transactions.
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