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What is the best way to monitor the balance of my digital currency portfolio?

avatarJasmin-SophieDec 26, 2021 · 3 years ago3 answers

I recently started investing in digital currencies and I want to keep track of the balance in my portfolio. What is the most effective method to monitor the balance of my digital currency portfolio? I want to make sure I have a clear overview of my holdings and their current values.

What is the best way to monitor the balance of my digital currency portfolio?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One of the best ways to monitor the balance of your digital currency portfolio is by using a portfolio tracker. There are several online platforms and mobile apps available that allow you to connect your exchange accounts and wallets to get real-time updates on your holdings. These trackers provide a comprehensive view of your portfolio, including the current value of each asset, percentage changes, and historical performance. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. They offer user-friendly interfaces and customizable features to suit your needs.
  • avatarDec 26, 2021 · 3 years ago
    If you prefer a more hands-on approach, you can manually track your digital currency portfolio using a spreadsheet. Create a spreadsheet with columns for the name of each asset, the quantity you hold, the purchase price, and the current price. Update the current price regularly to calculate the value of your holdings. This method requires more effort and time, but it gives you full control over your portfolio tracking. You can also customize the spreadsheet to include additional information or calculations that are relevant to your investment strategy.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend using our integrated portfolio management tool to monitor the balance of your digital currency portfolio. Our platform allows you to connect your exchange accounts and wallets, providing you with a consolidated view of your holdings. You can track the value of your assets in real-time, set price alerts, and analyze your portfolio performance. Our portfolio management tool is designed to simplify the process of monitoring and managing your digital currency investments, giving you peace of mind and helping you make informed decisions.