The cryptocurrencies have become one of the best ways for investing. Nowadays, there are more people investing in the cryptocurrency than in the Bull Market. So, do you also have a hobby of investing in cryptocurrency? Then you should consider about opting for the crypto tracker. It is the best way to manage your money and for hassle-free transactions.
Why the Need for Crypto Tracker?
- Do you purchase Bitcoins?
- Do you invest in other cryptocurrencies?
- Do you also like to invest in the different not so popular coins?
If your answer is yes for any of the above, then you might have faced the issue in keeping a record of the returns from the different cryptocurrencies. Most of the people use excel sheet to keep a track of the same. However, an excel sheet is not enough and is not helpful in the task. It becomes a tedious job to track the transactions with excel.
That is why the demand for the crypto tracker is increasing in every passing day. The crypto tracker provides you with the best assistance to keep a proper track on the return of the investments.
How Crypto Tracker is better Than Excel?
Excel requires manual feeding of the data. It will not update the information by itself. The value of the different cryptocurrencies varies a lot in every passing moment. Thus, it becomes difficult to find out the perfect value of the investment with excel.
However, with the service of tracker application, the life becomes easy to maintain the transactions. Here are some benefits that you can experience by using the tracker instead of the excel sheet: –
- Less manual work: – With the tracker, you just need to include the types of currencies you have invested and the rest of the job will be done by the application itself. You don’t have to manually add or subtract at the time of purchase or sell. Whereas with excel, you need to do everything manually.
- Excel is tiresome: – With excel, you need to do a manual update of the records every time while there is a transaction happens. It is a quite daunting task if the volume of transaction is high. Whereas, the tracker updates everything on its own.
- Accuracy: – Being manually used, the accuracy level of excel can’t be trusted, however, with the tracker application, you can completely rely on the data and the chance of error is reduced to 0.
So, you be a heavy user of cryptocurrency or do it as a hobby, the crypto tracker is the best option to manage your transactions and keeping a record for it. Yes, the best tracker application may not be free as excel, but the cost is nothing in comparison to the benefits you can enjoy with the tracker.
The cryptocurrency has gained huge popularity in the whole world. There is a regular hike in the number of investors as the return is also very lucrative. However, you need to have the perfect tool to use the same as a pro.