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How can I track the movement of my cryptocurrency investments and ensure my money is safe?

avatarPaavani DhirDec 16, 2021 · 3 years ago3 answers

I'm new to cryptocurrency investments and I want to make sure I can keep track of how my investments are performing. How can I monitor the movement of my cryptocurrency investments and also ensure the safety of my money?

How can I track the movement of my cryptocurrency investments and ensure my money is safe?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One way to track the movement of your cryptocurrency investments is by using a portfolio tracking app or website. These platforms allow you to input your investments and track their performance in real-time. Some popular options include CoinMarketCap, Blockfolio, and Delta. Additionally, it's important to ensure the safety of your money by using secure wallets and exchanges. Choose reputable exchanges with strong security measures in place and consider using hardware wallets for added protection. Regularly update your passwords and enable two-factor authentication for an extra layer of security.
  • avatarDec 16, 2021 · 3 years ago
    Tracking the movement of your cryptocurrency investments is crucial for making informed decisions. You can use cryptocurrency exchange platforms to monitor the prices and trends of different cryptocurrencies. By setting up price alerts, you can receive notifications when the value of your investments reaches a certain threshold. It's also important to stay updated on the latest news and developments in the cryptocurrency market. Following reliable sources and joining online communities can help you stay informed and make better investment decisions. Remember to always do your own research and never invest more than you can afford to lose.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we understand the importance of tracking your cryptocurrency investments and ensuring the safety of your money. That's why we offer a comprehensive portfolio tracking feature on our platform. With BYDFi, you can easily monitor the performance of your investments, track price movements, and set up alerts for specific cryptocurrencies. Our platform also prioritizes security, with advanced encryption and multi-factor authentication to protect your funds. Rest assured that your investments are in safe hands with BYDFi.