- >Best Crypto Portfolio Trackers
- >CoinStats Portfolio Tracker Review
Why Digital Asset Traders Use Crypto Portfolio Trackers
While this article does cover the pros and cons of the CoinStats portfolio tracker, we will also cover why the crypto speculators of today need to be able to track thousands of different tokens on hundreds of different exchanges. Tools like CoinStats make it simple to track any cryptocurrency on the market, and it’s especially useful for investors who are mainly focused on the areas of Ethereum and DeFi. Let’s take a closer look at how this platform compares to some of the other available crypto portfolio trackers.
Coinstats Review
- Coin Insights provide additional information on specific coins and tokens
- Best for traders focused on the Ethereum ecosystem
- Entry-level version of the app available for free
- Perfect for trading communities
Pros
Offers free and paid versions of the app
Available on all platforms
Works well with Ethereum, which is the largest ecosystem for tokens and DeFi projects
24-hour cryptocurrency report useful for daily recaps
Discounts on paid versions of the app for trading communities
Supports more than 8,000 crypto assets and 300 exchanges
Cons
Free version of app is missing some key features
Many major Bitcoin wallets not supported
Paid versions of the app can cost as much as $19.99 per month
Best Features of the CoinStats Portfolio Tracker
It’s no secret that Blockfolio is the most popular crypto portfolio tracker on the market, so alternatives like CoinStats really have to differentiate themselves by offering niche features not found anywhere else.
The main way that CoinStats puts itself on the map is through focusing on the Ethereum token ecosystem. While there are plenty of different blockchain projects out there, the most popular decentralized applications, at least for now, are found on Ethereum.
While there are a variety of ways in which CoinStats is focused on the Ethereum user base, the clearest example can be seen with their wallet syncing feature. Pretty much every crypto tracker will allow you to sync your app with your crypto exchange accounts, but CoinStats goes the extra mile by enabling syncing with non-custodial wallets as well.
Many of these wallets, such as MetaMask and MyEtherWallet, are mostly or entirely focused on Ethereum. There is also support for syncing with some multi-cryptocurrency network wallets, like Ledger. Additionally, you can manually add specific cryptocurrency addresses to track.
What About CoinStats Pro and CoinStats Premium?
CoinStats Pro and CoinStats Premium are two other features of the CoinStats crypto portfolio tracker. These are subscription-based app enhancement options that unlock a variety of additional features. With CoinStats Pro, you’re able to connect to 10 different exchange accounts and 10 different cryptocurrency wallets. Additionally, you can track up to 1,000 transactions per month, and you get access to Coin Insights, which is a special addition to the app that includes proprietary reviews and analysis for a large number of crypto tokens.
CoinStats Premium takes things further by allowing users to connect an unlimited number of exchanges and cryptocurrency wallets to the app. Up to 100,000 transactions per month can also be tracked by CoinStats Premium users, and you’ll even get your own personal account manager to help you with your crypto portfolio.
CoinStats Pro starts at $3.49 per month, and CoinStats Premium starts at $13.99 per month; however, users must pay more if they’re signing up on a monthly, rather than annual, basis. One additional option is CoinStats Community, which offers special discounted packages of the features included in Pro and Premium, but it is specifically for cryptocurrency trading communities.
What Cryptocurrency Exchanges are Supported?
Although CoinStats does not support as many cryptocurrencies or exchanges as Blockfolio, most types of trading you do will likely be supported by this app, especially if you are focused on Ethereum projects. Here are some examples of the major exchanges that you can connect to your CoinStats account:
Is CoinStats Safe?
While it’s always a good idea to take online security seriously, crypto requires even more attention to safety. Any app that gains access to your real cryptocurrency holdings makes you vulnerable to losing funds; however, using a crypto portfolio tracker like CoinStats can also be done in a safe manner.
CoinStats itself has never been hacked, and they’ve been around a number of years. Additionally, you only need to worry about CoinStats causing problems for your crypto holdings when doing actual trading through the CoinStats app. If you’re simply viewing your balances held in various exchanges and wallets via the CoinStats interface, your funds are not at risk from this connection.
Of course, you also need to make sure that you’re limiting the actual level of access your CoinStats application has to your exchange accounts. If you have no intention of trading via CoinStats, then there is no reason to give them the ability to make trades or withdrawals via the API keys you provide to the app. You should then opt out of this option.
If you do decide that you want to trade via the CoinStats interface, just treat your CoinStats account like you would any other exchange account. In fact, you may want to take extra precautions due to the fact that someone with access to your CoinStats account may then have access to more than one of your exchange accounts. If you want to be extra secure, it’s usually best to simply use CoinStats to only track your portfolio, rather than making trades.
Supported Operating Systems
You can access your full crypto portfolio with CoinStats via any of your devices. In terms of mobile support, CoinStats is available on both Android and iOS devices.
You can also access your CoinStats account via your web browser on your laptop or desktop computer. There is even an extension available for Chrome and Firefox browsers.
Potential Dealbreakers
There are three potential dealbreakers some users may see with CoinStats. First, Blockfolio has much greater support for both cryptocurrencies and exchange integrations. While you’ll probably be able to find your favorite crypto assets on the CoinStats app, support may be missing for some niche crypto tokens and exchanges.
The second potential dealbreaker is that CoinStats does not have its own natively supported cryptocurrency trading engine. All of the trades will be made on exchanges unrelated to the CoinStats app via the platforms’ APIs.
Finally, the free version of CoinStats is missing some key features. You may not even be able to connect all of your exchange accounts via the free version. Additionally, you cannot get notifications on your order fills unless you’re a paid subscriber.
CoinStats Frequently Asked Questions
CoinStats Pro is a premium version of the CoinStats app that enables more features and better overall functionality. If you’re a serious trader you will likely want to upgrade to this version to get access to more exchange integrations and the ability to track transactions on a more frequent basis. Professional traders will likely want CoinStats Premium, as it allows for unlimited exchange connections and a professional manager for your account.
Choosing between CoinStats and Blockfolio will depend on your specific needs. Having said that, most people will find that Blockfolio is the best option when it comes to crypto portfolio trackers. Blockfolio supports more cryptocurrencies and more exchanges, and the free version of the app is highly functional and useful. Additionally, Blockfolio users are able to trade via FTX without any fees from directly within the crypto tracker app.
The potential exception is if you are mostly focused on Ethereum and like to hold assets in non-custodial wallets. CoinStats users are able to sync directly with Ethereum wallets like MetaMask. It should also be noted that Blockfolio is not available on desktop, which can be seen as a dealbreaker for some.
CoinStats is a more powerful crypto portfolio tracker than Delta, but those who are completely new to the cryptocurrency market may prefer the simplicity of the Delta interface. It really depends on your specific needs, but again, many will find that Blockfolio is a better option than both CoinStats and Delta.
Yes, CoinStats can display information about your crypto portfolio and send notifications to your Apple Watch.
The base version of CoinStats is free, and it can be useful if you are not currently trading on a large number of different exchanges. For many, the limitations of the free version make it seem more like a free trial than a full version of a tracker.
That said, you can get access to many more features and better functionality by becoming a CoinStats Pro or CoinStats Premium subscriber. If you’re not looking to spend any money, then you may want to look at other options.
Perhaps the best feature of CoinStats is that it has easy integrations with a variety of Ethereum-focused cryptocurrency wallets. This includes MetaMask, MyEtherWallet, Ethereum Wallet, and others. Integrating your Ethereum wallet into your CoinStats account will allow you to better track the crypto tokens held in that wallet in real time.
To add a wallet to your CoinStats app, swipe all the way to the right until you get to the page that allows for exchange and wallet integrations. On this page, click the “Connect A Wallet” option. You will then be able to choose the specific Ethereum wallet that you’d like to track via CoinStats. Once you have chosen your wallet, you can then add your public Ethereum address to CoinStats, which will be tracked for all different kinds of tokens going forward.
