What Is xFolio?
XFolio is a multifunctional portfolio tracker that automates the entire process of tracking a user’s cryptocurrencies and assets regardless of where the user has stored them. XFolio is accessible via web, an iOS and android mobile application.
The portfolio tracker currently supports transactions and balances in Bitcoin and Ethereum plus Ethereum-based tokens. There are also eight exchanges that are supported on xFolio. They include Binance, Bitfinex, Bitmex, Bittrex, HitBTC, Kraken, KuCoin, and Poloniex.
Users will also have the ability to add 15 cold wallets and 15 exchanges to their portfolios. In the future, xFolio has plans to introduce unique state of the art algorithms that can track assets and automatically calculate the current market prices for the cryptocurrencies in the user’s portfolio.
How xFolio Cryptocurrency Portfolio Tracker Works
To begin using the portfolio tracker, users need to sign up on the platform using their Google or Facebook account. However, for users that prefer not to link their social media accounts or email addresses to their blockchain wallets and exchange accounts, they can anonymously register on the platform using a login and password only.
Users can download the mobile app from the play store or apple store and the web version will automatically synchronize with app installed in the user’s device. The set up process takes place only once and the user’s account balances on various exchanges as well as from the blockchain addresses provided would be automatically updated on the app.
There are three types of graphs on xFolio, which make it easy for users to monitor their account balances. They include Total balances, Individual depositary balance (such as Binance or an Ethereum cold wallet), and Coin price dynamics.
xFolio integrates a New tooltips for exchange API keys, which help users understand what API keys are, and why the xFolio mobile application requires API keys. xFolio guarantees the safety of the user’s funds since it only requires access to the API keys, which are read only meaning that other actions on the account except reading the account balance cannot be executed.
xFolio Competitive Advantages
The xFolio mobile application will track and update the entire user’s portfolio data automatically. Users will not need to manually input their transactions in case there are changes in the market, since the application will read the user’s asset balances from the exchange accounts and blockchain addresses provided by the user.
The setup process on the xFolio mobile application is simple and takes just a few minutes to connect new addresses and accounts. Once the account is up and running, the portfolio does not require any manual updating.
Clear And Reliable Data
xFolio will display the user’s portfolio as precisely as possible, which is not the case for most exchanges that have different rates or different tickers for the same coin. For example on Poloniex, the Stellar cryptocurrency is identified as STR while it’s identified as XLM in Bitfinex. xFolio will correctly recognize all coins in the market even those that have different tickers in different wallets or exchanges,
Additionally, the app does not include unnecessary features, abstracts, or graphs in order to ensure that the data is convenient and efficient through smart automation.