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How can you track the growth of your crypto when stored in a wallet?

avatarSCITECHEDec 15, 2021 · 3 years ago4 answers

When you store your crypto in a wallet, how can you effectively track its growth? What are some methods or tools that can help you monitor the value of your crypto assets over time?

How can you track the growth of your crypto when stored in a wallet?

4 answers

  • avatarDec 15, 2021 · 3 years ago
    One way to track the growth of your crypto when stored in a wallet is by using a portfolio tracker. There are several portfolio tracking apps and websites available that allow you to input your crypto holdings and monitor their value in real-time. These trackers often provide charts and graphs to visualize the growth of your portfolio over time. Some popular portfolio tracking tools include CoinStats, Blockfolio, and Delta. By regularly updating your portfolio on these platforms, you can easily keep track of the growth of your crypto assets.
  • avatarDec 15, 2021 · 3 years ago
    Another method to track the growth of your crypto in a wallet is by using blockchain explorers. Blockchain explorers are online tools that allow you to view the transaction history and current balance of any public wallet address. By entering your wallet address into a blockchain explorer, you can see the value of your crypto assets and track their growth over time. Some well-known blockchain explorers include Etherscan for Ethereum and Blockchain.com for Bitcoin. These explorers provide detailed information about your wallet's transactions, allowing you to monitor the growth of your crypto holdings.
  • avatarDec 15, 2021 · 3 years ago
    If you store your crypto in a wallet provided by BYDFi, you can track the growth of your assets directly on their platform. BYDFi offers a user-friendly interface that allows you to monitor the value of your crypto holdings in real-time. You can view the current market price, historical price charts, and even set up price alerts for specific cryptocurrencies. BYDFi also provides a comprehensive transaction history, allowing you to track the growth of your crypto assets over time. With BYDFi's wallet, you can easily stay informed about the performance of your crypto investments.
  • avatarDec 15, 2021 · 3 years ago
    Tracking the growth of your crypto when stored in a wallet can also be done by setting up price alerts on cryptocurrency exchanges. Many exchanges offer the option to set price alerts for specific cryptocurrencies. When the price of a cryptocurrency reaches a certain threshold, you will receive a notification, allowing you to monitor the growth of your crypto assets. This method is particularly useful if you actively trade or hold a diverse portfolio of cryptocurrencies. By setting up price alerts on exchanges, you can stay updated on the value of your crypto assets and make informed investment decisions.