Crypto investment tracking can be done in different ways - from simple spreadsheets to dedicated services. Each approach has pros and cons, and it is important to know when to switch to a more robust tool.
Spreadsheets: Excel and Google Sheets
Spreadsheet advantages:
- maximum flexibility - you decide what and how to calculate;
- data control - everything is stored by you;
- easy start if you have few trades.
Drawbacks:
- formula errors that are hard to spot;
- too much manual work as trade count grows;
- limited out-of-the-box analytics.
Exchange Reports and App Balances
Advantages:
- easy balance tracking per exchange;
- trade history export for further analysis;
- integration with exchange mobile apps.
Limitations:
- no complete view across all exchanges and wallets;
- no unified portfolio from all data sources;
- analytics are tied to a single platform.
Mobile Portfolio Apps
These are useful for quick checks on your phone. But:
- portfolio customization is often limited;
- deep analytics and reporting are usually weak;
- trade accounting logic is not always transparent.
Specialized Crypto Portfolio Trackers
These tools focus directly on tracking and analytics. For example, Bithamst:
- lets you create multiple portfolios for different strategies;
- calculates average price, return, PnL, and portfolio structure;
- supports exit target planning and alerts;
- works without KYC and keeps your data under your control.
The usual path is simple: first spreadsheets and screenshots, then a
clear need to see everything in one place. At that stage, moving to a
specialized tracker is the logical next step.
Try the Dedicated Bithamst Tracker
If you are tired of manual spreadsheets and scattered exchange
screenshots, create a crypto portfolio in Bithamst and see how your
sense of control improves when all data is in one dashboard.