There are many crypto currencies and a good overview of your crypto portofolio is very important for high profits. We will compare HodlStream to other crypto portofolio managers. CryptoCompare is an entire ecosystem built for crypto. For example, there’s a section which describes and compares different cryptocurrency wallets, and one which provides information about mining of cryptocurrencies. There is also a news section keeping users up-to-date about all major occurrences in the crypto world. The portfolio management tool is just one of the many components of this ecosystem.
Cointracker is available for both iOS and Android. It tracks more than 2,500 coins, allowing you to connect transactions from 20 exchanges. You can also import Bitcoin, Ethereum / ERC20, Litecoin and Dogecoin wallets. While charting functionality via the simple app is limited, perhaps the biggest attraction of Cointracker is its automated tax form creation (focused on US tax residents). While these tax plans range from £34 to £780, depending on the number of transactions, clearly this element of the site will be useful to many.
Must have : It’s almost tax time again, and accountants are going to be inundated with crypto investors looking to pay taxes on their assets. Accounting for crypto is easiest and most accurate when professionals have the information they need in an accessible format. While this can require a painstaking process of document acquisition, this can be simplified by using third-party asset management tools that can streamline communication with CPAs and external auditors. For example, a platform that can export data on all crypto assets into a CSV allows users to quickly share financial information with tax professionals. Naturally, platforms that offer a plugin to popular services like Coinbase are even better. More details at Personalized crypto portfolio visualizations.
As the cryptocurrency movement continues to advance, investors will require a crypto portfolio manager to maintain their tokens and contracts. In many ways, they require the same tools available to traditional investors, so that they can adequately track, monitor, and account for their assets. There are many options to choose from, but selecting software that includes synchronization, auditability, and inclusivity are keys to management success. By evaluating in these merits, it’s possible to make a great software selection that bolsters financial management for crypto assets.
