Cryptocurrencies have gained immense popularity in recent years, with many investors diversifying their portfolios by buying digital assets like Bitcoin, Ethereum, and more. However, keeping track of your cryptocurrency investments across various wallets and exchanges can be challenging. Fortunately, CoinMarketCap offers a free and user-friendly portfolio feature that allows you to monitor the profitability of each coin you own. Now, check the process of using CoinMarketCap’s portfolio feature to keep a close eye on your crypto investments.
Access CoinMarketCap
To begin tracking your cryptocurrency profits, visit CoinMarketCap’s website at coinmarketcap.com. You can easily find and click on the link Crypto Portfolio Tracker.
Create Your Portfolio
Once you are on CoinMarketCap’s homepage, click on the “Portfolio” tab located at the top of the page. This will lead you to the portfolio management section.
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Register and Verify Your Account
To create your portfolio, you’ll need to register for a free CoinMarketCap account. Simply enter your email address and choose a secure password. If you wish to receive updates and newsletters from CoinMarketCap, you can tick the relevant box. Then, complete the verification process by confirming that you are not a robot. Afterward, click on the “Sign up” button.
CoinMarketCap will send a verification link to your provided email address. Open your email inbox, click on the verification link, and your account will be successfully verified.
Set Up Your Portfolio
Return to the portfolio page on CoinMarketCap and click on “Create your portfolio” once again. Now, it’s time to start adding your cryptocurrency holdings.
Add Your Cryptocurrencies
You can add each of your cryptocurrencies individually. Simply search for the coin by typing its name in the search bar or select it from the list if it’s already available. Enter the amount of the coin you purchased and the price at which you acquired it. Then, click on “Add transaction.”
To add another cryptocurrency to your portfolio, click on “Add transaction” at the top of the page and repeat the process for each coin you own. CoinMarketCap allows you to track a wide range of cryptocurrencies, making it suitable for diverse portfolios.
Monitor Your Profits
Once you’ve added all your cryptocurrencies, you can now easily monitor your profits and losses. Every time you log into your CoinMarketCap portfolio, you will see the current price of each coin and the amount of profit or loss you have made on each investment.
Additionally, on the top left of the portfolio page, you’ll find the total value of all the coins you’re tracking. This feature provides a comprehensive overview of how your crypto assets are performing in the market.
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Create Multiple Portfolios
If you have various sets of cryptocurrencies or different investment strategies, CoinMarketCap allows you to create multiple portfolios. This feature is particularly helpful for those who want to track different aspects of their crypto holdings separately.
Conclusion
Keeping track of your cryptocurrency investments is crucial for making informed decisions and managing your portfolio effectively. CoinMarketCap’s free portfolio feature simplifies this process by providing real-time updates on your crypto assets’ performance.
By following the steps outlined in this article, you can easily set up and manage your cryptocurrency portfolio, ensuring that you always have a clear picture of your crypto profits. Start tracking your crypto investments today by creating a free account on CoinMarketCap and take advantage of this valuable tool to navigate the world of digital assets with confidence
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