Crypto Investment Tracking App How To Take Advantage

Crypto Investment Tracking App How To Take Advantage

And while seasoned traders know how to take advantage of bear markets in general, most individuals do not possess the required skills to facilitate profitable trades during such rough times.

Also, it bears mentioning that over the last decade or so, the number of cryptocurrencies available for commercial purchase has grown to over the 2,300 mark.

Not only that, the crypto sector currently witnesses a daily 24h trade volume of approximately 77 billion which serves as a decent indicator of the growing investor interest flowing into this space.

This is because they now have the option of investing in a wide array of diverse, lucrative digital assets that are designed for a variety of different purposes.

However, at the same time, all of these developments have resulted in investors finding it increasingly more difficult to track their holdings.

They are apps or online service platforms that are designed to help users in monitoring the performance of their digital assets in a highly simplified, streamlined manner.

Not only that, newer apps of this nature now even come replete with a whole host of sophisticated features such as.

In this regard, it bears mentioning that most trackers are designed to automatically link with their owners personal crypto wallet or exchange account.

Not only that, but they are also extremely useful for large-scale investors who actively trade more than 3 coins regularly.

For example, some allow their users to trade only a certain subset of cryptocurrencies while others come laden with a massive catalog of altcoins but dont offer many tracking features.

Not only that, but it is also extremely tough to determine who owns which wallet.

Because of these factors, an individual must choose the right portfolio tracker for himherself since most of these portfolio management systems are directly linked to a persons exchange or bank account.

Therefore, it is of utmost importance the portfolio tracker being employed by an individual comes pre-built with several core security features such as 2-FA (two-factor authentication) and multi-layer encryption.

In this regard, an efficient portfolio manager is one that displays the total value of an individuals assets in one place (that too in the simplest manner possible).

Thus, when choosing a tracker, it is of utmost importance the platform in question be simple to operate so much so that it should not be a struggle for a person to keep a close watch on their coins and tokens.

This not only helps a person save a lot of time and effort but makes the process of managing ones assets stress-free.

In this regard, it is quite useful to select a management tool that allows users to trade all of the digital currencies that they may wish to exchange either now or shortly.

This eliminates the need for users to make use of multiple trading platforms, as well as, memorizing countless passwords.

Not only does it offer users a smooth operational experience but it also has an aesthetically pleasing design that is pleasing to the eye.

Some of the other core features of Gem that make it stand out include.

This makes porting ones portfolio extremely simple and hassle-free.

However, Gem allows users to import their holdings with the touch of a button.

If that wasnt enough, the application is also compatible with a total of 25 top crypto exchanges.

Crypto Investment Tracking App For Mac