with a huge increase of cryptocurrency Today, it is becoming harder and harder for crypto investors to keep track of each cryptocurrency on their crypto portfolio independently and this is where crypto portfolio trackers such as Coinstats come in.
CoinStats allows crypto investors to manage their crypto and DeFi Portfolio from one place It eliminates the need to jump from your crypto wallet to your crypto exchange of DeFi platform to manage your crypto holdings, transactions and trades.
Here is a comprehensive review of how this platform works including its pros and cons.
how it works
There is no doubt that CoinStats makes it easy to track cryptocurrencies on the market, making it a great tool for crypto investors, especially those focusing on those sectors. Ethereum and decentralized finance (DeFi). In addition to being compatible with multiple crypto exchanges, it also allows you to sync your metamasklaser, and any other Ethereum-compatible wallet directly with the tracker.
You only need to register for an account to start using CoinStats. You can choose to use the free plan which offers many free features, however to get the most out of the platform, you can choose between the CoinStats Pro and CoinStats Premium plans. CoinStats has Android and iOS apps, so if you don’t have access to a desktop or personal computer, you don’t have to worry; You can access your account through a mobile device.
Once you have created your account and synced it with your crypto wallet and crypto exchange, you can access many tools like transaction analytics, fast trading and instant notifications. You also get up-to-date news which is a big plus for traders as it gives an outlook as to what to expect from the market movements.
CoinStats also has its own crypto wallet, called CoinStats Wallet, which allows the use of several decentralized finance (DeFi) features, including expressed,
CoinStats offers a lot of powerful features for free. However, to unlock additional features, users can choose between two paid plans: CoinStats Pro and CoinStats Premium.
The CoinStats Pro plan starts at $3.49 per month and offers users 10. allows to connect cryptocurrency exchange and 10 different crypto wallet, Users are also allowed to track up to 1,000 transactions per month. There is also access to coin insights, including justification review and analysis.
CoinStats Premium on the other hand starts at $13.99 per month and allows users to connect an unlimited number of exchanges and wallets. Users can also track 100,000 transactions per month. Then, apart from market insights, users also get personal account managers to help with crypto portfolios.
There is an additional option called Coinstats Community which allows cryptocurrency trading communities to access exclusive packages of features included in Coinstats Pro and Coinstats Premium accounts at a discounted rate. This can be a huge plus, especially if you want to save some money.
Exchanges Supported by CoinStats
CoinStats supports a smaller number of crypto exchanges than its competitors such as Blockfolio support. The exchanges CoinStats currently supports include Binance, Bitfinex, BitMax, BitMEX, Bitso, Bitstamp, Bittrex, CEX.io, Coinbase, FTX (native support), Gemini, HitBTC, Huobi, IDEX, Liquid, Kraken, Kucoin, Contains Poloniex.
However, CoinStats supports any type of trading, especially if it touches Ethereum or Ethereum-based dapps,
Pros and Cons of CoinStats
It offers free and paid plans so you can choose what you want to use based on the features you want to use.
it allows any crypto trading,
It has mobile apps for both Android and iOS devices that allow users to track their crypto portfolio on the go.
It supports most Ethereum-based tokens and crypto wallets, making it a crypto portfolio tracker for those involved in altcoins.
It provides 24-hour cryptocurrency reports which is very useful for daily recaps.
Users can get discounts on paid plans (CoinStats Pro and CoinStats Premium) through the CoinStats community.
It provides users with unmatched data and analytics that helps them trade and rectify mistakes.
It provides up-to-date alerts allowing traders to capitalize on market trends.
It allows users to stake their crypto assets through the CoinStats wallet and earn rewards of up to 20% APY.
The free plan doesn’t allow access to some key features, which means you’ll need to choose one of the paid plans to access these features.
CoinStats does not support many major BTC wallets.
CoinStats does not support as many crypto exchanges as compared to its competitors.
Why you should use CoinStats
CoinStats can be a good choice for a portfolio tracker if you are focusing on Ethereum-based altcoins. CoinStats has focused on the Ethereum ecosystem which set it apart from most of its competitors who have generalized their approach.
You can basically add any Ethereum wallet to your CoinStats account and trade or invest ERC-20 token,
CoinStats also does not limit the types of crypto trades or investments, thus providing a fair playing field, especially if you are looking to diversify your crypto investments. You also get some market insights, including analysis, to help you invest better in crypto.
While CoinStats is not the most popular crypto portfolio tracker, it has made a name for itself within the Ethereum ecosystem, making it one of the best portfolio trackers for crypto investors focused on the ERC-20 token.
In addition to the wide variety of features and relatively affordable payment plans, CoinStats has mobile apps that allow users to track their portfolios on the go.Ethereum