What are some ways to monitor the balance of my cryptocurrency wallet without having to redeem the assets?

8 answers

• Dec 28, 2021 · 3 years ago
  One way to monitor the balance of your cryptocurrency wallet without redeeming the assets is by using a blockchain explorer. These explorers allow you to search for your wallet address and see the current balance, as well as the transaction history. Some popular blockchain explorers include Blockchair, Etherscan, and Blockchain.com. Simply enter your wallet address and you'll be able to see the balance without making any transactions.
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• Dec 28, 2021 · 3 years ago
  Another option is to use a portfolio tracking app or website. These tools allow you to connect your wallet and track the balance in real-time. They often provide additional features such as price alerts, portfolio performance analysis, and historical data. Some popular portfolio tracking platforms for cryptocurrencies include CoinStats, Delta, and Blockfolio.
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• Dec 28, 2021 · 3 years ago
  If you're using BYDFi as your cryptocurrency exchange, you can also monitor the balance of your wallet without redeeming the assets. BYDFi provides a user-friendly interface that allows you to view your wallet balance and transaction history. Simply log in to your BYDFi account and navigate to the wallet section to see your balance. You can also set up notifications to receive updates on your wallet balance.
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• Dec 28, 2021 · 3 years ago
  You can also set up a watch-only wallet to monitor the balance of your cryptocurrency wallet. A watch-only wallet is a wallet that allows you to view the balance and transaction history without having the ability to spend or redeem the assets. This can be useful if you want to keep an eye on your balance without the risk of accidentally making a transaction. Most cryptocurrency wallets support watch-only addresses, including popular ones like Exodus, Electrum, and MyEtherWallet.
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• Dec 28, 2021 · 3 years ago
  In addition to the above methods, some cryptocurrency exchanges also provide balance monitoring features. For example, Binance allows you to track the balance of your wallet without making any transactions. Simply log in to your Binance account and go to the wallet section to see your balance. Other exchanges may offer similar features, so it's worth checking if your preferred exchange has this option.
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• Dec 28, 2021 · 3 years ago
  If you prefer a more technical approach, you can use APIs to monitor the balance of your cryptocurrency wallet. Many blockchain networks provide APIs that allow you to retrieve wallet balances programmatically. You can use these APIs to build your own monitoring system or integrate the balance tracking functionality into your existing applications. Just make sure to follow the API documentation and guidelines provided by the blockchain network you're using.
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• Dec 28, 2021 · 3 years ago
  Lastly, you can also set up price alerts on cryptocurrency tracking websites or apps. These alerts will notify you when the price of a specific cryptocurrency reaches a certain threshold. While this doesn't directly monitor your wallet balance, it can help you stay informed about the value of your assets and make timely decisions.
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• Dec 28, 2021 · 3 years ago
  Remember, it's important to choose a method or tool that you trust and feel comfortable with. Keep in mind that some methods may require you to provide your wallet address or API keys, so make sure to research and understand the security measures in place before using any third-party services.
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