Coinhodler: Convenient Crypto Coin Portfolio Tracker App?
What Is Coinhodler?
Coinhodler is a coin portfolio tracker that enables traders monitor the cryptocurrencies they HODL, the performance of each one of them, as well as their current prices in order to stay up-to-date with the cryptocurrency market.
Additionally, Coinhodler provides traders with the opportunity to know their net worth by allowing them to add the amount they own of each coin and Coinhodler will calculate the total value of the coins and the daily fluctuations of that value.
All the price data on Coinhodler is integrated from the CoinRanking platform and users are required to manually update the portfolio when buying, selling or exchanging coins since Coinhodler does not access the user’s crypto wallets.
What Is Hodling?
HODL is an acronym commonly used in the crypto sphere representing “Hold on for dear life” and basically means that a traders believes that they coin they hold will be profitable in the future and in this regard hold the coin instead of selling it.
How Coinhodler Crypto Coin Portfolio Tracker App Works
Traders can begin tracking their portfolios by clicking on the “create portfolio” button on the Coinhodler website. Users can set up a portfolio or restore an old portfolio from their 12-word backup phrase.
The platform will then allow users to add new coins into their portfolio and the amount they hodl for each coin in order to monitor the prices of the coin or its movements over a certain period. Users can also use the Coinhodler portfolio to monitor the amount of profits they have made from purchasing a specific coin.
In case the user wants to change the base currency, they can do so by clicking on drop down button on the top right of the website and selecting “preferences.”
Alternatively, Coinhodler can be used to evaluate trades by monitoring both coins and comparing their USD value. Evaluation of trades works by users creating a new portfolio followed by adding the amount of coins they bought and then adding the amount of coins they sold as negative number. The tracker will then display the difference in the coins thus allowing users to track the outcome of the trade.
Why Use Coinhodler?
With Coinhodler, users do not have up the two-factor authentication or provide password when they want to check the status of their holdings, instead, by creating their portfolio on the platform, they can view worth of their portfolio anonymously without having to provide access their coin wallet.
Sync With Devices
Traders can access the Coinhodler portfolio tracker on Android, iOS and web platform with the option to synchronize with desktop or devices, thus enabling them to view or update their crypto portfolio on multiple devices
Compatible With Major Cryptocurrencies
Coinhodler support over 2000 coins that are listed and are available on Coin Ranking as long as they have been in the market for a while. New coins released from ICOs might however take some time to be available on Coinhodler, as they have to be manually updated on the platform.
Ease Of Use
The Coinhodler crypto portfolio tracker has an intuitive interface designed to enable user with different levels of technical expertise to use the platform and ensure that the user experience on the platform is enjoyable.