The Best Android Crypto Portfolio Tracker Apps

Introduction

Cryptocurrency is a concept that utilizes transferring of digital assets. Unlike physical money, cryptocurrency is 100% virtual and does not require using traditional banks for transactions. It provides the fastest way to trade funds from any part of the world in a matter of minutes. Cryptocurrencies work on the concept of blockchain. A blockchain is a system in which the information of different transactions, also called a ledger, is tracked and recorded on multiple systems at a single time. It is called a decentralized system. This makes it impossible to tamper or hack the ledger since it gets stored in about a million computers at a single time.

Cryptocurrencies are stored in a digital wallet. The funds are added to these wallets by buying cryptocurrency equivalent to a certain sum of money. One example of a famous cryptocurrency is Bitcoin, with a staggering market cap of over $800 billion (August 2021). It is used throughout the world for payments for many reasons, the foremost of it being fast and safe. There are also no exchange or interest rates applied, and the transaction fees are very reasonable for some cryptocurrencies. People believe cryptocurrency to be the currency of the future because of its benefits.

Whenever someone invests something in an asset, currency, or commodity, they intend to keep a check-and-balance system. It is important to look over the current situations of this volatile market as it is possible to lose money or become a millionaire overnight. Thus, observing your portfolio is important, and for that, you have to ensure you have the best crypto portfolio app.

What is a Crypto Price Tracker App?

Crypto price tracker app is a tracking and analytic tool to keep a check on your cryptocurrency and cryptographic tokens. Not only does this crypto tracking app monitor your current digital currency, but it also keeps track of the older currencies so you may compare and contrast their value and characteristics. This will help you to keep yourself updated with the rise and fall in the market.

It is much easier for investors to oversee digital currency and expand their crypto knowledge as this app gives insight into the entire digital market. Crypto price tracker has now become an indispensable part of the crypto investors' lives to stay contemporary with the crypto market.

Blockchain technology has had a significant impact on the digital market, and with its popularity surge, investors have caused a tumult in cryptocurrency. The crypto market may not be as huge as the traditional market. Still, with the new cryptocurrencies launching frequently, it is humanly impossible for investors to keep track of the new additions manually. With over 200 crypto exchanges all over the globe, it is paramount for every crypto investor to follow up with the best crypto tracking app.

Crypto price tracker app has its illimitable benefits, but you can only enjoy them if you have chosen the right app for yourself as an investor and a trader. For that, intuitive interface, safety and security, supply fluctuations, the maximum range of currencies, trading activities, and tracking capacity must be kept into consideration to choose the best free crypto portfolio tracker. In addition to that, an advanced cryptocurrency tracker app will also give you access to personal portfolios and filters to separate your currencies according to their properties. So to save yourself from unnecessary headaches, choose the right app to track crypto portfolio.

Why Cryptocurrency Tracker App Has Gained Significant Importance?

A good cryptocurrency tracker app is wholly responsible to provide an all-in-one platform to the investor and trader for their ease.

Improve Trading and Investing Strategies

Every cryptocurrency has its value and properties. Myriad cryptocurrencies are being traded across thousands of exchanges in a day, meaning that the value of your coin may explode, or it may crash down at any hour of the day. For that, a tracking app is necessary, so you may make an appropriate decision before facing any loss. This will aid you in your decision-making skills, your trading activities, and investment strategies.

For instance, you find a coin that has gained much value in the past few hours but has a usual low trading volume. The sudden rise in the value might appeal to you but keeping all the factors in consideration; it might not be your best decision to invest in that.

Track Coin’s Performance

The decentralization technology of blockchains has made it very difficult to keep track of your crypto money. For that, a good cryptocurrency monitoring app is your one-stop solution. It saves you from unnecessary hassle and only keeps a check on the coins of your interest. Since a crypto tracking app is linked with your wallet and exchanges, the user can easily analyze the coin’s performance in the long run and decide through the exchange list if he’s ready to trade. These tracker apps are essential to teaching the user balancing risk and gaining maximum profit through it.

Monitor Real-Time Crypto Market’s Progress

Crypto price tracking app has become a must-have for every serious investor. Apart from monitoring your assets, it keeps the investor updated with the market capitalization, daily trading activities, trading volume, and rise and fall in the price chart. It monitors the net worth of your coin 24/7 in accordance with the market. The app also aids you in keeping momentum in your trade to save yourself from any loss and give you a better understanding of the growing market.

What are the Suitable Criteria for Crypto Monitoring Apps to Track your Portfolio?

There are ample free crypto portfolio tracking apps for the crypto enthusiast. Due to such a large number, there is great competition among these apps. As a result, each tracking app comes with new and better features, ultimately beneficial for the user. However, with thousands of apps, you might not be able to select the right one as not every app might be according to your requirements. For that, you have to follow a certain criterion to download the appropriate app for yourself to follow up with the crypto market.

Safety and Security

Blockchain is a decentralized network that is not owned by anyone specifically, so the ownership of cryptocurrency is not specified either. This means the safety and security concerns of cryptocurrency are questionable at best.

However, cryptocurrency tracker apps ensure and guarantee the privacy of the users. As these trackers are directly linked with the user's portfolio, they protect it from any kind of cyberattacks. Moreover, the best crypto tracking app has no link with the user's credential and lets the third-party aggregators deal with that information.

Tracking Assets

An app to track crypto portfolio keeps track of your assets and coin's performance all the time. You need not waste your time manually updating everything as the app does it for you already. Moreover, the application instantly notifies the user when his custom price targets are met.

Specifications of Aggregators

Cryptocurrency portfolios work in association with aggregators. Aggregators are e-Commerce business models that collect content from different websites and display it at a single location for easy viewing. But sometimes, the aggregators work in specific countries using a specific technology that may not always sync with every crypto market. So you have to ensure the crypto tracking apps you’re using work in your present range.

Easy-to-Use Interface

A good crypto monitoring app is easy and simple to use. So users of any age group can use it without facing any trouble.

How to Connect an Exchange Account with a Crypto Price Tracking App?

It is surely possible to connect an exchange account with a crypto price tracking app. Presently, the crypto portfolio trading apps are not just limiting themselves to tracking portfolios; instead, they are expanding and moving on to manage cryptocurrency as well. Cryptocurrency is a large industry, and crypto exchanges have dime and dozen roles in it. The exchanges enable you to have control over your cryptocurrency and solve your problem of price tracking.

Trading, buying, and selling cryptocurrency has become much easier through these exchanges. Back in time, reversing transactions directly from cryptocurrency was nearly impossible, but now with these exchanges, processing withdrawals has become feasible. The crypto portfolio trackers allow you to connect to exchange via API keys. This way, these apps can access prodigious exchanges like Binance, Kraken, Bitfinex, etc.

Crypto exchanges are safe platforms that facilitate the trading of the user’s assets. All you have to do is, install the best app to track cryptocurrency and connect it with your public wallet. Then, add your public address to proceed further with your digital currency dealings.

Crypto users usually choose the exchange with high-security measures and an easy-to-use interface. But before opting for any exchange, the user must ensure if that exchange is safe, legitimate, and fulfilling his requirements.

The Analogy between the Competing Cryptocurrency Tracker Apps

Monitoring oodles of holdings is becoming challenging for the users, and for that issue, the crypto tracking app is the ultimate savior. Here we have listed the best crypto price trackers for your ease.

FAQ

Which best Android free crypto portfolio tracker should you choose for yourselves?

To choose the best Android free portfolio tracker, you must ensure the quality of display, flexibility of the features, and the uniqueness of the tracker that will make it stand out from other trackers. Keeping these factors in consideration, Coindex is the best free crypto portfolio tracker among other trackers.

What is the best-paid crypto portfolio tracker Android app?

To figure out the best-paid crypto portfolio tracker Android app, the user must look out for a convenient interface with a clean layout, diverse, offers versatility of coins and exchanges and considerate privacy measures. Delta is undoubtedly the best crypto portfolio tracker that covers all these factors perfectly.

What to look for when choosing an app to track crypto portfolios?

When choosing an app to track a crypto portfolio, one must check if the app tracks every activity on the portfolio, integrates with maximum exchanges, and provides timely updates on what is going on in the market.

Does setting price alerts in a crypto price tracking app help with trading?

Yes, setting price alerts in crypto price tracking app utterly help with trading. Your custom price alert will notify you instantly when your prices are met to buy or sell the coin at your best rates. This can help you trade effectively across exchanges, which a very low risk factor.