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What are the best ways to monitor the balance of my cryptocurrency holdings?

avatarRachel MDec 15, 2021 · 3 years ago3 answers

I want to keep track of my cryptocurrency holdings and monitor their balance. What are the most effective methods to do so? I am looking for reliable and convenient ways to stay updated on the value and balance of my cryptocurrencies.

What are the best ways to monitor the balance of my cryptocurrency holdings?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    One of the best ways to monitor the balance of your cryptocurrency holdings is to use a portfolio tracking app or website. These platforms allow you to connect your exchange accounts and wallets, and they provide real-time updates on the value and balance of your cryptocurrencies. Some popular portfolio tracking apps include Blockfolio, Delta, and CoinStats. These apps usually offer features like price alerts, portfolio performance analysis, and news updates to help you make informed decisions about your investments. With a portfolio tracking app, you can easily keep track of your cryptocurrency holdings and monitor their balance on the go.
  • avatarDec 15, 2021 · 3 years ago
    If you prefer a more hands-on approach, you can manually track the balance of your cryptocurrency holdings using a spreadsheet or a document. Simply create a table with columns for the name of the cryptocurrency, the amount you own, the current price, and the total value. Update the prices regularly and calculate the total value of your holdings. This method requires more effort and time, but it gives you full control over your portfolio and allows you to customize the tracking process according to your preferences.
  • avatarDec 15, 2021 · 3 years ago
    Another option to monitor the balance of your cryptocurrency holdings is to use the BYDFi platform. BYDFi offers a comprehensive portfolio management tool that allows you to track the balance and value of your cryptocurrencies across multiple exchanges and wallets. With BYDFi, you can easily view your portfolio performance, set price alerts, and access detailed analytics to make informed investment decisions. The platform also provides a user-friendly interface and supports a wide range of cryptocurrencies, making it a convenient choice for both beginners and experienced traders.