How to use CryptoCompare Portfolio?

After starting your cryptocurrency journey with your first buy, more transactions might follow. You probably will use multiple exchanges and wallets to do so. In order to maintain an overview of your cryptocurrency assets it is useful to keep an portfolio. One that saves you time calculating rates, shifting numbers and easily provides useful overviews. This guide helps you to set up your portfolio on CryptoCompare.com.

Guide difficulty
15 %

About CryptoCompare

CryptoCompare is an interactive platform where you can discuss the latest Crypto trends and monitor all markets streaming in real time. Currently used by 360.000 cryptopians.

Portfolio positives:

  • easy to use
  • free of charge
  • mobile friendly
  • listing all coins/wallets/exchanges
  • realtime

 


How to Create an account

Cryptocompare_StartPortfolio

  1. Create an account via ‘Create Your First Cryptoportfolio or use the ‘Login/Register’ button top right side.

 


Sign up

Sign Up

 

2.  Signing up for a CryptoCompare account is free of charge and easy to do.

3. Once you have pressed ‘Signup’ you will receive an email to verify your account.


Verification Mail

activation mail

 

4. After you have clicked the link you can start creating your portfolio(s).

 


How to create a Portfolio


Add & Setup Portfolio

add portfolio

 

5. You can create multiple portfolios. For example a portfolio for your own cryptocurrency assets, one for your girlfriend and one for you future children.

6. Choose the Currency that must be display the rate / state of your cryptocurrencies.

7. Encrypted vs. Not Encrypted:  At the moment of making this guide it was not yet possible to choose for Encrypted. In case this will be come available it’s advised the click Encrypted.


Empty Portfolio Screen

Cryptocompare_PortfolioEmpty

 

8. This display shows the portfolio you just created.

9. Start to fill in your portfolio to add coins you own in one or more wallets and/or exchanges  with the ‘+coin’ button.

 

 


How to Add coins to your portfolio

Cryptocompare_PortfolioEmpty

9. Start to fill in your portfolio to add coins you own in one or more wallets and/or exchanges  with the ‘+coin’ button.


Fill in the BASIC information

Cryptocompare_PortfolioAddCoin

 

10. When you pressed the ‘+coin’ button this screen pops up.

11. Use the ‘Pick a coin’ to type your coin. A drop down list will be show to make it easier to pick you coin.

12. ‘Amount’:  here you fill in the amount you own from a particular coin. Advice:  you might have Bitcoins on multiple places like your wallet and on an exchange. To keep an useful portfolio use ‘+coin’ for each separate account. Example:  You have 0.5 Bitcoin in your Coinbase Wallet than you press ‘+coin’ and fill in the requested information. For listing the 1 Bitcoin you store in your Bittrex Wallet, press ‘+coin’ again and fill in the data related to this coin. 

13. ‘Currency’:  you might have bought the particular amount in exchange of USD, EURO or BTC (Bitcoin). Choose the exchange currency you have used to maintain a clear view of the value development.

14. ‘Buy price’:  after selecting the right exchange ‘Currency’ you add the ‘Buy price’. This is the price of the coin at the moment you bought your amount; the current rate. Example:  if you have bought 1.5 Bitcoin and the Bitcoin price on that moment was €2.000,50  your ‘Buy price’ is 2000.50 . Example2: You have traded 250 Ripple for Bitcoin and the rate of that pair on the moment you did the trade was 0.00011. So you add the amount of Ripple ‘250’, currency ‘BTC’ and Buy price ‘0.00011’. 

15. ‘Bought on’:   choose the date on which you have bought the particular amount. The portfolio tool will use this to provided overviews of your portfolio development.

16. After you have filled the Basic Information press the ‘ADVANCED’ tab.


Fill in the ADVANCED information [handy, but not compulsory]

Cryptocompare_PortfolioAddCoinAdvanced

 

17. In case you want to keep an overview of where you have stored what coins you can fill in these fields. Is advised to do so since you might do several purchases of one or more coins and store/trade these on different places.

18. Choose where you store the particular (amount of) coin(s): ‘A wallet’ of ‘An exchange’.

19. ‘Pick your exchange of wallet’:  start typing the name of the wallet or exchange. A drop down list will arise to help you pick yours.

20. ‘ADD TO PORTOFOLIO’:  if you have filled in all the information you wanted to store press this button and the your coin is added to the portfolio.

 


Screen after adding first coin

Cryptocompare_PortfolioOneCoinadded

 

21. After you added your the ‘+coin’ your portfolio will show an overviews of several important elements considering your coin/portfolio.

No. 1] At the bottom you see the added coin. ‘Coin/Date’

  1. Price = the current price of 1 piece and the % change of this price. In smaller letters you’ll see you amount of coins @ rthe price of one piece when you purchased your amount of coins.  
  2. Total Value = the total value of your amount
  3. Profit/Loss =  the difference in the value between the value of the amount at the time you purchased it versus the value the amount has on this moment of time.
  4. Change = the Profit/Loss you have made provided in percentage of change.

No. 2] the top bar ‘Acquisition costs etc..’

    1. Acquisition costs = the amount of in USD/EUR.. you have paid to purchased all coins added in your portfolio.
    2. Realised P/L =  after you have sold an amount of coins (see next paragraph) the Profit or Loss you have made (of all your sold coins) will be shown here.
    3. Profit/Loss = shows the Profit/Loss you have based on all the added and unsold coins.
    4. Holdings = shows the value of all you added/unsold coins and the ‘Realized P/L’. Note: if you have sold a coin you make either Profit or Loss, if you got this Profit/Loss from trading or you will buy new coins with your Profit, then you will have to add a new ‘+coin’!! And you might not be able to see the value listed in ‘Realized P/L’ as it is your extra money, since you have invested/converted in another coin.
    5. 24H P/L =  the value change of your portfolio between 24hous ago and this moment of time.

No. 3] the square box in the center/left side ‘Portfolio Change’

The elements in this box shows over view of:

  1. Portfolio MIN / MAX = shows what the lowest and highest value of your portfolio has been.
  2. Least/Most Profitable = shows which of your added coins has on this moment of time made the least profit and which one made the most profit.
  3. Worst/Best Crypto = shows which Coin you have added has the lowest percentage growth and which coin has the best percentage growth.
  4. The small text provides some general nice to know statistics.

You can add more ‘+coins’. If you have added something that you don’t have you can go the particular coin, press Edit and Delete. 

In case you have sold or traded a coin that is listed in your portfolio you can administrate ‘Sold’. 

 


What to do in case you have sold coins?

sell coins

 


 

How to use the CryptoCompare portfolio?

 

Portfolio overview

Cryptocompare_PortfolioOneCoinadded

No. 1] At the bottom you see the added coin. ‘Coin/Date’

  1. Price = the current price of 1 piece and the % change of this price. In smaller letters you’ll see you amount of coins @ rthe price of one piece when you purchased your amount of coins.  
  2. Total Value = the total value of your amount
  3. Profit/Loss =  the difference in the value between the value of the amount at the time you purchased it versus the value the amount has on this moment of time.
  4. Change = the Profit/Loss you have made provided in percentage of change.

No. 2] the top bar ‘Acquisition costs etc..’

    1. Acquisition costs = the amount of in USD/EUR.. you have paid to purchased all coins added in your portfolio.
    2. Realised P/L =  after you have sold an amount of coins (see next paragraph) the Profit or Loss you have made (of all your sold coins) will be shown here.
    3. Profit/Loss = shows the Profit/Loss you have based on all the added and unsold coins.
    4. Holdings = shows the value of all you added/unsold coins and the ‘Realized P/L’. Note: if you have sold a coin you make either Profit or Loss, if you got this Profit/Loss from trading or you will buy new coins with your Profit, then you will have to add a new ‘+coin’!! And you might not be able to see the value listed in ‘Realized P/L’ as it is your extra money, since you have invested/converted in another coin.
    5. 24H P/L =  the value change of your portfolio between 24hous ago and this moment of time.

No. 3] the square box in the center/left side ‘Portfolio Change’

The elements in this box shows over view of:

  1. Portfolio MIN / MAX = shows what the lowest and highest value of your portfolio has been.
  2. Least/Most Profitable = shows which of your added coins has on this moment of time made the least profit and which one made the most profit.
  3. Worst/Best Crypto = shows which Coin you have added has the lowest percentage growth and which coin has the best percentage growth.
  4. The small text provides some general nice to know statistics.

 


Portfolio with multiple coins

Cryptocompare_portfolioMoreCoins

 

No. 1] The center chart  

You can choose from 3 types of charts. These charts contain the data of the listed coins in your portfolio.

No. 2] ‘Price’

Here you see all coins that you have added to this particular portfolio.

You can add more ‘+coins’. If you have added something that you don’t have you can go the particular coin, press Edit and Delete. 

In case you have sold or traded a coin that is listed in your portfolio you can administrate ‘Sold’. 


Portfolio overviews:   RISK ANALYSIS

risk analysis

It is good to know where your money is kept, as in general, exchanges are more prone to be hacked, therefore they are more risky places to keep your coins at. This chart shows how much (in absolute and percentage terms) of your money is kept either at an exchange or in a wallet. If your chart shows ‘unknown’, edit your coin information and it will show the right proportions.

The crypto exposure chart helps you keeping an eye on your portfolio composition. It shows which coin you are the most exposed to (which coin price will affect your portfolio value the most). To reduce the risk of one dominant coin exposure, you can choose to diversify and have many coins with a similar percentage in your portfolio. This is called portfolio diversification theory where having more assets generally lowers the risk profile of your portfolio because of different correlations amongst them. General theory the more the better although you can just bet on one horse if you’d like.

Liquidity exposure means that you are at risk of not finding a counterparty when you want to close your open position (or you have to wait for a long time). We have created a measure for you called “time until liquidation” which is calculated based on the last thirty days average volume of a coin (versus the base currency of your portfolio), and the quantity of that coin you currently hold.

The volatility exposure chart gives you an overview on the price swings of your portfolio. The higher the volatility, the bigger movements you can expect in your portfolio value. Price change is a risk, as the change can be either down or up.

Volatility is calculated basedon the last 30 days price changes returns and then annualized.

Let’s say your portfolio has a volatility of 20%. This shows that based on your portfolio’s last 30-day performance, you can expect that within 1-year horizon, the return of your portfolio can improve 20% or deteriorate 20% compared to the average return of last 30 days.


Portfolio overviews:   ACCOUNTING

accounting

You can filter by Coin, Buy Currency, Sell Currency, Start and End date. The statements and position list will update accordingly.

The income statement considers the cost and revenue of your sold positions within a period, and calculates your realized profit or loss. You can add your local capital gains tax and tax-free allowance to do a quick and dirty calculation of your tax payable. This is just a helper tool and isn’t meant to be a fit for all tax calculator, as different countries can have different tax regulations.

The cashflow statement shows you the actual cash inflow and outflow of your account within a period. This net cashflow indicates the amount you paid or received in total. It does not take unrealized profits into consideration.  It’s a great tool to keep track of your account movements and help you calculate how much cash you have available.

Image source:  CryptoCompare.com

 

In order to provide correct information on this cryptocurrency tool most of the content comes directly from the particular cryptocurrency tool provider. Source: www.cryptocompare.com

We will be happy to hear your thoughts

Leave a reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.