Every year new options appear on the market of applications for monitoring the status of cryptocurrencies wallets. Thanks to them we can track in real time not only the status but also the value of accumulated digital currencies.
It does not matter whether we are beginners or already have experience. The applications will certainly help you to improve your control over your capital. Most investors keep their digital assets in many different portfolios or stock accounts. As you probably know, checking them daily is a time-consuming activity. And this is where mobile applications come in handy, collecting all relevant data in one place.
What should be taken into account when selecting applications?
Before the final selection of applications it is good to test several of them. In principle, they have similar functions, but each user has different preferences and preferences. It is very important for us that the application is not only easy to use, but also has the features we care about the most. Applications that can be used to track digital currencies can basically be considered with regard to 3 subcategories.
As you probably know, the decentralized nature of blockchain makes both Bitcoin (BTC) and other currencies extremely difficult to track. Finding out who owns the wallet is also a challenge. However, it is practically impossible to recover the funds after initiating a cryptic transaction.
All the above factors make it particularly important to choose an application to monitor the status of your digital currency portfolio, i.e. a trakcer that will place particular emphasis on security. Many applications connect to the stock exchange or bank account. This is why it is so important to protect your funds. Threats in the form of e.g. data leakage can expose the cryptographic portfolio to danger. That is why it is worth paying attention to whether the application you are interested in has security features, such as:
- two-stage authentication
- multilayer encryption
Ease of use
Having a wallet is not only used to store digital currencies. Its task is also to enable a quick overview of all assets and check how their value has changed. The wallet monitoring application shows the total value of the funds accumulated in the wallet on the first page or should present such data to us with 1 or 2 clicks.
A good application tracking module should not only be easy to use, but also understandable. It is important to choose a tracker with a clear layout that gives you pleasure both in watching and using. This will save you time and reduce the stress of using the application.
Types and number of supported digital assets
A good wallet tracking application should guarantee the user comprehensive service of all collected digital currencies and tokens. Therefore, you should choose the one that offers you the service of all relevant digital assets.