Key Points:
- What is a Wallet Tracker?
- How to use a Wallet Tracker?
- Top 5 Wallet Trackers and Portfolio Analyzers
What Is a Wallet Tracker?
Wallet tracker and portfolio analyzers are user-friendly tools that were made to keep track of your investments or to keep an eye on the other crypto users’ activities.
In the ecosystem of blockchains, there are a number of tools that help to ease all the imaginable tasks, including wallet trackers and portfolio analyzers, which provide real-time holding, performance data and help investors stay on top of things.
Wallet trackers are the tools that are made to help the investors to monitor and manage their crypto holdings across wallets and exchanges. With the help of these trackers, you can get a centralized view of digital assets and it helps in real-time tracking of portfolio performance, transaction history and market data.
The users who do not have technical expertise can find the process hard to analyse blockchain data, then wallet trackers help to make it easier to access and analyse blockchain data. It also offers more features like portfolio management tools, swapping functionality, transaction notification, social insights and even price predictions. It also helps to track down the activities of other investors, including prominent figures in crypto space.
A technical language is used among the crypto space users, which is difficult to understand for the new users, especially to distinguish between terms, and the marketing lingo adds confusion to it. There are many terms which create confusion, such as the portfolio tracker, wallet analysis, or portfolio analyzer.
Wallet tracker: It is an application that is used to record the transactions and balances of cryptocurrency wallets. It provides real-time updates on asset holding and transaction history.
Portfolio tracker: collects data from different wallets and exchanges and provides an overview of the entire cryptocurrency holding of the users. Not all the tools which are labelled as the wallet trackers enable portfolio tracking.
Portfolio analyzer: it helps in providing analytics for a whole portfolio. Portfolio analyzers and wallet portfolio trackers have similar characteristics since many of the latter also provide analytical features.
To begin a portfolio tracker, you first need to connect it to your cryptocurrency wallets, whether non-custodial (eg, MetaMask or Phantom Wallet) or custodial (e.g., exchange-based like Coinbase), etc.
Wallet trackers help the users to keep an eye on the price changes, price alerts, the Wallet activity, etc. Portfolio trackers help the users to easily assess the effectiveness of the investments and keep track of the crypto activity.
How To Use a Wallet Tracker?
There are different methods to connect your crypto wallet with a wallet tracker, but there are two basic approaches that a user can follow:
1) The user can simply paste the public wallet address into the tracker.
This method provides an edge to the user because the tracker doesn’t access the private keys of the users. And it allows us to pull information about the balance and transaction history.
A more detailed scheme of connecting crypto wallets → to a wallet trace involves the following steps:
1)Choose a wallet tracker: select a reputable app that suits your needs
2) create an account if required, download the app to access the website of the wallet required and create an account with strong security measures.
3) connect your wallet: typically you can do it by pasting your wallet address and clicking connect in the relevant section or scanning a QR code associated with your wallet
4) configure your portfolio: after connecting your wallet, configure any additional settings, time, currency preferences, the sheet – for price changes and notification related to market updates
5) review your portfolio: once connected, review your portfolio to ensure all data is accurately synced.
6) last but not least: always ensure you’re connecting only public wallet addresses and regularly update your wallet trade app to implement new security patches and enjoy new features.
Top 5 Wallet Trackers and Portfolio Analyzers
In recent years, entering into the crypto space has become much easier thanks to numerous online and offline solutions supporting investments, trading strategies, asset management, analysis, and transactions.
Let’s look at some of the best available crypto tools in several key categories.
De.Fi
De.Fi is a decentralised finance platform that offers several tools for managing, tracking and interacting with the Cryptocurrency world. It allows users to connect their Cryptocurrency Wallet, access decentralised exchanges and manage the De.Fi activity in one place.
Advantage of De.Fi
- With the De.Fi portfolio tracker, you can track your assets across multiple blockchain networks.
- You can view real-time data on your portfolio’s performance, including current asset values, historical performance, and upcoming opportunities.
- You can access various DeFi functions directly from your portfolio dashboard, such as swapping tokens, bridging assets between multiple chains, and staking tokens without leaving the platform.
- Without manual entry, the platform automatically updates asset balances and positions directly from the blockchain.
De.Fi offers premium features with its Pro subscription. The platform’s premium plan provides a wide range of advanced tools.
Zerion
Zerion is a user-friendly, non-custodial crypto wallet that simplifies managing digital assets. It provides a necessary dashboard, serving as a one-stop platform for users. Users can track, analyze their portfolios, including both DeFi tokens and NFTs. Zerion supports over 13 blockchain networks by which you can manage and navigate across protocols.
Zerion’s Wallet Tracking Features
- Zerion supports over 40 networks, including Ethereum, Base, Polygon, and many more.
- Zerion provides historical charts and 24-hour profit & loss analysis that will help you keep track of your investment performance over time.
- You can monitor incoming and outgoing transactions across all connected wallets.
Zerion also offers a premium plan dedicated to active Web3 users.
CoinStats
Unlike Zerion, CoinStats is a necessary suite of tools for crypto management. CoinStats’ primary focus is on portfolio tracking. The app allows users to track and manage their assets across various exchanges and wallets. It offers several plans, beginning with a free basic one and progressing to an experienced team plan.
Main Coinstats Features
- Coinstats app supports over 300 platforms, including Binance, MetaMask, Phantom, Trust Wallet, and others.
- CoinStats provides real-time updates on token prices, balances, and portfolio performance, giving you the most current information.
- You can set custom crypto alerts to stay tuned with price movements and other important events.
- CoinStats provides historical charts and profit & loss summaries, helping you analyze your investment performance.
- CoinStats app allows you to swap crypto for a fee.
DexCheck
DexCheck.ai is one of the advanced blockchain analytics platforms powered by AI. The app is designed to provide wide knowledge into the De.Fi ecosystem and it offers wallet tracking and analysis functionality. However, unlike CoinStats, which helps you manage your assets more efficiently, DexCheck allows you to track crypto whales’ wallets. Still, it provides a Wallet analyst function, so you can track easily your profit and loss and trading history of a wallet address.
Advantages of DexCheck
- DexCheck platform supports over 30 DEXs across 26 chains, including Ethereum, Solana, BNB Chain, and more.
- DexCheck takes full advantage of AI to offer deep knowledge of token analytics and market trends.
- DexCheck platform provides real-time updates on token prices, trading volumes, and market movements.
- DexCheck’s address analyzer allows you to visualize the profit and loss and trading history of your wallet addresses.
- DexCheck helps to set up AI-powered alerts to keep track of important market events.
Cielo
Cielo is an on-chain wallet tracker for monitoring crypto activities and managing wallets. Cielo is an information layer for web3. It allows you to discover wallets and tokens and add them to a real-time feed of onchain activity. Transactions can be filtered by type, size, and network and viewed in the Cielo web app or in Discord/Telegram using a Cielo bot. Tokens can also be traded directly within Telegram using the integrated Banana Gun bot.
Key Features of Cielo
- Cielo platform supports over 28 chains, including Ethereum, Solana, Sui, Tron, and Bitcoin.
- With the help of Cielo you can discover top traders and profitable wallets.
- Cielo provides real-time updates on token prices, balances, and portfolio performance.
- In the Cielo app users can set up alerts for major on-chain events and token trades.
- Cielo provides bots to receive real-time alerts on platforms like Telegram and Discord.
- In Cielo you can personalise your feed to focus on specific wallets, tokens, and transactions.
There are many other options available depending on the subscription type. Cielo offers Pro and Whale plans, which allow you to follow more wallets and tokens, Telegram bots, Discord channels, gain access to insights and many more.
