How to Track Your Crypto Portfolio using Blockfolio

A complete beginner's guide to portfolio tracking app Blockfolio

How to Track Your Crypto Portfolio using Blockfolio

By Wendy’s Whitepaper contributor @dragonwolftech

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User Level: Beginner

When beginning your journey into investing and trading in crypto, how to keep track of your investments is almost as important as which coins you decide to invest. There are several platforms available to track the market; in this article, we will look at how to track your crypto portfolio using Blockfolio.

Getting started with Blockfolio

Blockfolio is available for Android and iOS; an account is unnecessary to use Blockfolio but opening a free account opens up more features. Once you have created your free account, you have the option to buy digital assets in the Blockfolio app. Similar to PayPal, Blockfolio allows users to buy, hold, and sell crypto within the app.

Funding Your Blockfolio Account

To fund your account, options for depositing to Blockfolio are bank transfer, credit/debit card, wire transfer, USDC, and cryptocurrencies. Currently, the only options to withdraw funds from Blockfolio are bank transfer, USDC, TUSD, and wire transfer.

Tracking the Market

You don’t need to add funds to use Blockfolio, the app is open from go, and you can create portfolios. Blockfolio database contains a large variety of digital assets that you can add to your portfolio. When tracking the markets, you can either use a broad approach and follow the specific coins based on their current market value or track the coins based on how much you currently hold versus the market value.

Once your portfolio ready, you can go into each coin and see its performance over various time frames: 1 hour, 1 day, 1 week, 1 month, 3 months, and 1 year. If you haven’t already, you can add transactions to your portfolio from the main portfolio page or within each coin’s data page.

Other features Blockfolio includes are a news and signal stream that includes the latest developments in blockchain and digital assets.

So why use a tracking app?

Investors and traders have created many ways to track the markets; app like Blockfolio has taken years of trial and error and created a seamless platform to watch, plan, and execute your next trade.

Wendy’s Whitepaper Disclaimer: Please be advised that I own a diverse portfolio of cryptocurrency assets, and anything written or discussed in connection to cryptocurrencies– regardless of the subject matter’s content– may represent a potential conflict of interest. I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing that I write or discuss should be construed, or relied upon, as an investment, financial, legal, regulatory, accounting, tax, or similar advice. Nothing should be interpreted as a solicitation to invest in any cryptocurrency, and nothing herein should be construed as a recommendation to engage in any investment strategy or transaction. Please be advised that is in your own best interests to consult with investment, legal, tax, or similar professionals regarding any specific situations and any prospective transaction decisions.