The post 5 Hottest Crypto Asset Management Tools Of 2020
So you’ve got more than just a little bit of Bitcoin. You’re diversifying your portfolio and you own a variety of cryptocurrency.
When you get to this stage, having a mobile wallet doesn’t really cut the mustard (though they are still useful and we’ve included one in this list).
There are actually a number of tools out there to manage your assets and with so many brands to choose from, you need to be on the ball when picking what will work best. Finding the most reliable and best crypto exchange, for example, or the Bitcoin debit card with the best rates can be tough. Even an accounting platform will be a necessity as your portfolio grows – and there are a lot of those to sift through, too.
So we’ve been kind and chosen what we think – generally – are the hottest tools to manage your assets in 2020.
Blox’s crypto asset management platform is a very good choice for the holder with multiple assets. With an attractively simple interface, it is easy to navigate and it does more than just track your assets: it also helps in auditing and filing crypto taxes – a must for the business owner receiving payments in cryptocurrency.
Blox allows users to create multiple portfolios, allowing easier tracking of assets and accounting. Its API also supports all major blockchains and popular exchanges.
And don’t just take our word for it – Blox currently has a number of high profile clients, with leading firms such as eToro, Paxful and Nexo all using the platform to calculate taxes.
As one of the most established crypto trading platforms in the world, we’re listing Binance as an essential crypto asset management tool due to its ease-of-use, reputation for security and low fees.
Arguably the most famous exchange (mostly because of its popularity with new users) the company has always aimed to be the world’s friendliest crypto exchange for new users.
But not only new users will benefit from using Binance: it also has facilities for more experienced traders – Binance futures and Binance margin trading – in addition to services for businesses and merchants, making it an ideal option for the trader with a diverse portfolio.
Unlike other exchanges, it offers many features such as:
and many more features…
The exchange is gradually adding more cryptocurrencies to its portfolio and building a great ecosystem around it. This is one of the best cryptocurrency exchanges that you should be using. You can learn more about Binance on my earlier review of the Binance exchange.
Hardware wallets are without a doubt an essential tool once your assets start to become seriously valuable. Hardware wallets keep your assets in “cold” storage – meaning they are held offline, away from the internet, where they can not easily be compromised. This is particularly useful once they start to be worth something.
The wallet we’d recommend is the Ledger Nano S, by far the easiest to get started with and the most affordable from the popular Ledger stable.
Read: Ledger Nano S review – Things to know before buying
Ledger Nano S supports all major cryptocurrencies, and any ERC 20 tokens. It has so far the most secure wallet, making it a must for the holder with a diverse portfolio.
As your crypto portfolio becomes more diverse, there may be times when you want to use your crypto to make instant purchases – especially as more and more businesses start to accept the likes of Bitcoin and Ethereum. A debit card that allows you to do this is essential and that’s why the Crypto com makes the list.
The app-based bank is ideal for those who travel frequently and its Visa debit multicurrency travelcard automatically converts more cryptocurrencies at the point of sale, allowing the crypto user to seamlessly spend their crypto and multiple currencies in real life.
Also see: 7 Best Bitcoin debit cards
Users are able to spend a number of cryptocurrencies, including Bitcoin, Litecoin Ripple, as well as fiat currencies like GBP or US dollar, on everyday goods – as long as the merchant accepts Visa.
As well as a hardware wallet, a mobile wallet is also an essential crypto asset management tool for the serious crypto holder. If you are serious about cryptocurrency, having a mobile wallet is a must as it allows quick and easy access to your assets as well as the ability to send coins as quickly as sending an email.
The Atomic wallet makes the list mainly because of its ease of use and attractive interface. The mobile wallet rates highly in terms of privacy and security and allows users to deal with Bitcoin, Bitcoin Cash, Ethereum, Dai and its own AWC Token.
It allows users to buy or trade Bitcoins and other cryptocurrencies on the app itself.
So there you have it. The tools listed above will allow the experienced cryptocurrency trader to have complete control over his or her assets, in terms of spending, buying/selling and storing.
Which asset management tool do you use?
Have you used any on this list or would like to add something here? Let us know in the comments below!
News appeared first on: Coinsutra.com