Crypto Portfolio Tools YOU NEED to Try! 📊

when I first started investing in crypto back in the day I used to do it so haphazardly I opened numerous different exchange accounts and downloaded endless cool wallets to stash my veritable bazaar of unique alt coins the problem is I pretty soon started losing track of all the crypto I owned in fact I'm pretty sure that I still hold some coins on some old paper wallets stuck in my sock drawer however things change for the better when I started using a portfolio tracking and analytics app it was like night and day so this had me thinking I need to do a video on some of the best crypto tools out there my name is guy and in this video I'll cover exactly that in what follows I will cover the top five portfolio management tools the pros and cons of each and I'll give some top tips on how I personally use each of them oh yes and if you stick around until the very end I'll give you a sneak peek of what's currently in my portfolio [Music] before I get started two quick things I have something to confess sadly I am no financial advisor what that means is that everything in this video is purely an educational resource and is most certainly not financial advice oh yes and a big welcome to anyone new to the channel if you want to see more content like this then don't forget to tap that subscribe button and make that little Bell chime do that and you'll be notified whenever I release another video good to go marvelous let's get cracking my number one crypto portfolio tool is the ever popular block folio app for those new to crypto the chances are that you are having a hard time working out exactly how your portfolio is doing block folio basically solves that problem of price tracking and having to go through coin market cap with a calculator once you've downloaded the app from the block folio website you can add coins in just a few taps by clicking the big plus sign at the bottom of the screen next you'll have the option to connect an exchange account which will import your transaction history for you or you can search for the coin you hold and click that crypto to add it to your portfolio you'll then be asked to manually enter in the number of coins you bought and you can key in the price you got on the exchange to bash that save by transaction button and you would have added the coin to your block folio it only takes a few clicks then it's merely a matter of rinse and repeat for all the other cryptocurrencies that you own and badda-bing badda-boom you should have your portfolio set up and tracked on block folio now why bother going through all this hassle well block folio will automatically refresh and tell you the new value of your crypto portfolio every few seconds I won't even lie I'm the kind of guy that has to know what the crypto markets are doing every few seconds I am on block folio more often than I am on tinder all that means that you will have to know the true value of your crypto portfolio at any given time and I have to say the app looks pretty snazzy too when it comes to block folios other features there is a pretty handy news function that brings together the latest crypto related articles from some of the biggest publishers all in one place so this makes it a lot easier to keep up to date with the latest crypto news or to put that another way if you're into buying the rumor and selling the news then you can use the block folio app snooze function to help you with that trade block folio also has what they call their signals section not to be confused with trading signals in a nutshell crypto projects push out announcements over block folio signals and you'll get a message if you have that coin added to block folio what I have found is that for those projects that use block folio signal service they only tend to send out the most important updates here that saves you a bunch of time trawling through a project's numerous Twitter posts to find that super important bit of news finally block folio has markets section this is basically a version of coin market cap which displays key price data and market cap figures if I click on aetherium you can see I get a quick chart so that I can see what the price is doing every coin will have a profile page here you'll get an overview of the coin the consensus method used the type of token it is and what it's used for scroll down and you'll find important links to the project's white paper github website and socials now I find that pretty useful when I'm doing a bit of crypto research on the go there's also a plethora of additional data at your fingertips in this section of block folio this includes things like the order books and trade history on major exchanges the coin is listed on one feature that I like to ensure I have activated is price alerts what this means is if the coin changes in value by 3% in an hour then you'll get a push notification sent to your phone now that's pretty useful to know if you're waiting to buy the dip sell a pump or if you're trying to monitor an open position so in summary I really think block folio is an essential must-have tool for anyone serious about crypto it simply takes the complexity out of monitoring your portfolio value scouting new coins and keeping up to date with the latest crypto news oh yes and it's absolutely free too so there are no excuses not to try it out if you want to try out block folio yourself be sure to use the link in the description below at number two I have Masari now although you can't really track your portfolio with it I honestly think Masari is the best tool out there when it comes to crypto data aggregation an essential service that helps you Scout those hidden gems to add to your portfolio as a crypto educator I always think that knowledge is power so when it comes to a data-driven approach to evaluating different crypto currencies or just trying to use data to make better trading decisions then Masari is a tool you need to be looking at it gives you numerous options to see what is trending in the space - scamp new coins and evaluate them if you head over to the Masaryk screener then there are a ton of ways you can sort coin information by clicking the columns and filters button this will then bring up the filters panel which allows you to filter coins by things like liquid market cap stock to flow on chain data metrics sector coin category social media stats and a whole lot more now I have to be upfront with you yes you can get access to a ton of data filters for free however there is some data that is hidden behind a paywall and to access that it will set you back $25 per month but I don't think many people truly appreciate how useful it is to be able to sort different crypto projects by sector with just a few clicks you can find all the smart contract platforms stable coins scaling solutions payment platforms and so on you can even put a filter on a filter and say hey I don't want to trade a tiny market cap coin or anything that is a liquid and Masari gives you the option to easily pull up that list of coins or if you're a pro ship coin it then you can solely look at micro cap projects another thing that I love about Masari is that they take a pretty cautious view when it comes to reporting things like the trade volume it's pretty well-known in crypto that there are numerous exchanges accused of pushing out fake trading volume in order to gain coin market cap ratings and grab the attention of traders what Masari have done is also build a list of what they deemed the ten most trustworthy exchanges in crypto here you can also have a look at what Masari term real volume or just look at the reported volume from every exchange another cool set of stats I want to show you on Masari is that you can get the all-time high price for all crypto assets and what is termed the cycle low this is basically the lowest price the crypto has reached after setting an all-time high so with Bitcoin the all-time high was around 20k and since then the lowest price it traded at was about 3.1 K all that is pretty useful data I think when it comes to determining long term bullish trends reaching lower highs in short the way I use Masari is to help create that short list of coins in a certain sector and with that risk profile I want I then typically want to see how the coin is priced today and compare it versus the all-time high and cycle low to get to a feeling of whether I'm getting a decent price from there I can dive deeper into the project and do my research before deciding what coin I want to finally add to my portfolio if you want to check out the masari's screen if yourself when I popped a link to it in the description below my next top crypto portfolio tool is alt pocket the tool is available for both mobile and desktop and yes you can use it as a crypto portfolio tracking tool similar to block folio on your profile page you click the little plus button and add a coin in a very similar way to block folio then you'll be given the option to auto sync your transactions from a crypto exchange or at the menu if you are going down the manual route you just need to key in your transaction details hit that Add button and rinse and repeat until you've added all your coins you'll then see your entire portfolio in the profile section of your old pocket account that is all well and good however it's not the main value alt Pocket has to offer if you hit the best performance bar under top lists then this will bring up the top performing traders on old pocket according to their weekly monthly or quarterly trading performance you can then click on their profile to see what coins they hold the percentage weightings and see the trades they've made recently so I can see here that nyborg did a cheeky trade on tezo's and sold it a month later with old pocket you can essentially follow the top performing traders get notifications when they make a trade and meet other traders on the old Pocket social platform so if you've always wondered what other people are buying or selling wanted to copy trade for free or just concentrate a truly terrible trader then out pocket is a crypto portfolio tool you really should have in your locker if you want to try it out for yourself I've placed a link in the description moving on to my fourth essential crypto portfolio tool I've got the Delta app in a nutshell Delta is a mobile crypto portfolio manager tool much like block folio it connects with wallets and crypto exchanges to import your transactions and sends you those push notifications to alert you to the latest price movements of those coins you hold so that means you'll have to decide whether to go up with Delta or block folio the app looks and functions very much like block folio and if you want to input those crypto transactions it works in a very similar way Delta also has its own version of coin market cap where you can check out the latest price action in the crypto sphere when you click into a coin you'll see general data on the coin be able to view your trading activity see price alerts and order book data Delta also has a crypto news aggregator section which will sure help keep your finger on the pulse of them crypto markets I'm going to be honest here there is truly not too much difference between Delta and block failure and you'll be perfectly fine with Euler option however block folio was the first tracking app I ever used and block folio leads the way when it comes to adding new features like block folio signals which Delta later cloned by launching Delta direct moreover block folio does seem to still be leading the way when it comes to innovation in the crypto tracking industry and I'd rather get those shiny new things first than be left hanging not short whether to go Delta or block folio well why not try them both out and see which one you personally prefer they are free after all if you want to give Dell for a spin then yep just use the link below I want to give a quick shout out to the sponsors of this video packs for paxville is one of the easiest and coolest ways I've found to buy or sell Bitcoin instantly paxville is a peer-to-peer marketplace with over 300 payment methods this includes some truly crazy options like gift cards for World of Warcraft and Amazon to cash in the mail or even phone top-up cards over 100 a wallets are also supported including the likes of PayPal and WeChat pay to get started on packs full today go through to the link in the description then simply select the payment method you want scroll through the marketplace identify trusted bitcoin sellers by looking at their reputation score and select the deal you want finally key in the amount of bitcoin you want to buy and you're done so if you've had trouble with limited payment methods on crypto exchanges then you should definitely check out paxville after all can three million users be wrong now back to the magic my final pick for the best crypto portfolio tool is going to be coin tracking the way I like to think about coin tracking is that it's a crypto portfolio one-stop shop it's got both mobile and browser-based options and offers both a paid and free version basically manual exchange CSV imports are pretty straightforward and fast so the chances are that most people will never need to opt for any of the paid packages here this tool basically supports over 7,000 crypto currencies and integrates with all these exchanges and wallets one really awesome feature is that you can set up coin tracking to actually watch your crypto wallets for incoming and outgoing transactions that's pretty useful if you're like me and hate the idea of having to check your wallets every few hours to see if that transaction has come in the coin tracking dashboard may not be the nicest looking one out there however it certainly does give you the most data having all this information in one place should certainly help you make better and more informed buying or selling decisions you can also pull reports for realized and unrealized gains or losses this is set by default to something called the first in first out method but you can change the setting if you wish the reason why this matters is that if you're a law-abiding champed like myself you'll be concerned about working out how much tax you need to pay another thing that the bean counters seem to always want to know is the average purchase price for each cryptocurrency coin tracking makes this simple by automatically generating a report for this I also find this type of report pretty useful when I want to work out how much of my initial investment in dollar terms I need to withdraw from a coin to let the rest right now I have no idea what the tax laws are in your country and I frankly leave the number counting to my accountant however I do know that here in the UK you have a capital gains tax allowance of about twelve thousand pounds per year this means that unless we see a massive rally most people in the UK probably don't have to worry too much about generating tax reports or anything like that however if you do make it to the land of Lambo money then you'll have to generate a tax report by upgrading to one of coin Tracking's paid plans you can get access to the do-it-yourself tax report generator and even if you do use your own account the report will save money on those accountancy fees these types of reports make it much easier for your financial guide to work out what's been happening truth be told I am a massive fan of coin tracking however I do realize that it's certainly not for everyone basically if you're making less than 100 trades a year then I doubt you'll get any value from the paid for plans and in my book you're best off sticking with block folio or Delta however if you are doing a ton of trades and likely to have to submit tax reports then I'd go as far as saying that coin tracking is essential and that my friends completes my list of the best crypto portfolio tools around now I know firsthand that it isn't easy to manage a portfolio and make the right moves in crypto however keeping on top of your crypto investments is a hell of a lot easier with the right tools in your locker what I would urge you to do is try out all these great crypto portfolio tools for free and see which ones are useful to you and actually save you time what's for sure is that knowledge is power and having that bigger picture of what's happening with your portfolio will help you make even smarter crypto decisions oh yes and for those of you who want to know what I'm holding in my portfolio my three biggest holdings are Bitcoin etherium and tezo's if you want to know about the smaller cap altcoins I hold and my full portfolio weights I share all of this in my weekly newsletter I've popped the link to that in the description below now I think that's all for today team but what do you think of my top crypto portfolio tools do you think I've missed any out I'd be delighted to hear your thoughts in the comments below oh yes and if you got value from this video then I'd love it if you could slap a like on it and smash up that subscribe button for now stay strong stay safe and I'll be back at you with another crypto video real soon [Music]

Channel: Coin Bureau

Views: 174,224

Keywords: Bitcoin, BTC, Trading, Portfolio, Blockfolio, cryptocurrency, Review, Delta

Id: quL65KUaZGY

Length: 18min 5sec (1085 seconds)

Published: Wed May 13 2020