Wallet Watchers: Best DeFi Crypto Wallet Trackers

Wallet Watchers: Best DeFi Crypto Wallet Trackers

Keeping a close eye on your crypto wallets is easy with these on-chain crypto trackers.

Wallet Watchers: Best DeFi Crypto Wallet Trackers
Guy Ovadia

Published Apr 22, 2022Updated Apr 22, 2022

Crypto

Crypto

DeFi

DeFi

Passive Income

Passive Income

Tracking your crypto portfolio on the blockchain can be a pain in the assets. If you're up to your eyeballs in DeFi investments, then it's likely that all your digital assets live on different networks and are staked in various DeFi protocols. 

One way to track your assets is to use a crypto portfolio manager, but these applications require investors to manually enter token amounts whenever their portfolio changes.

DeBank is an extremely useful tool for tracking your on-chain crypto portfolio across all Ethereum compatible blockchains.

A better solution for real-time tracking that doesn't require manual input might be an on-chain crypto tracker. These are an invaluable tool for staying on top of your decentralized investments.

What's an on-chain crypto tracker?

The two main types of cryptocurrency wallets are custodial and non-custodial. Custodial wallets are your crypto investment accounts on centralized exchanges like Coinbase and Binance and they're a convenient way to buy crypto and consolidate all of them in one place. The problem with custodial wallets is that they don't give you access to your private keys, which means the exchange controls your crypto on your behalf.

Non-custodial wallets are different because you control your private keys, which means there's no central party controlling your crypto. Both custodial and non-custodial wallets have their respective pros and cons, but investors who use multiple crypto exchanges and have several different DeFi wallets may find it challenging to keep track of their crypto. 

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Typical crypto trackers attempt to solve this problem, but if you're heavily invested in DeFi, they're only good for rough estimates of the value of your portfolio. If your transferring assets frequently, they can be tedious to keep up-to-date since they're asynchronous with your actual portfolio. 

On Chain Crypto Tracking Apps

In contrast, on-chain crypto tracking apps offer the ability to track DeFi investments that aren't kept on centralized exchanges in real-time. The downside is that holding your own keys can be inconvenient since you must use them each time you want to sign a transaction, and this can also be risky since keys must be kept secret. 

Many investors make the commitment to hold their keys when they begin investing their crypto in DeFi and must generate a wallet to do so. That's why investors who primarily hold their coins on non-custodial wallets will probably be caught using one of these on-chain crypto tracking apps and wallets.

Best for security: Ledger Live

The most secure way to store your crypto wallet's private keys is through hardware wallets like the Ledger devices. Those who already own the Ledger Nano or another ledger device are probably already familiar with the accompanying Ledger Live application. Ledger Live allows users to securely view their crypto wallet balances across dozens of blockchains at any time.

Ledger Live only works with Ledger hardware wallets, so you'll have to make the initial investment into a Ledger device in order to take advantage of the Ledger Live app. Serious crypto investors won't regret purchasing a Ledger and gaining access to the security benefits of a hardware wallet—with the convenience of storing all your cryptos in one place just being an added bonus.

Ledger Live is one of the most secure ways to effectively manage all your cryptocurrency assets on nearly all major blockchains through a single platform. Ledger Live makes it easy to view transaction history, send transactions, and even participate in DeFi staking on certain blockchains. Ledger Live also has a mobile app, which makes it super convenient to check your crypto wallets and sign transactions on the go.

Best for desktop: DeBank

Those who are heavily invested in the Ethereum ecosystem should definitely check out DeBank. DeBank is an extremely useful tool for tracking your on-chain crypto portfolio across all Ethereum compatible blockchains like Binance Chain, Polygon, Avalanche, Arbitrum, and dozens of others. While connecting your Web3 wallet to DeBank is an easy way to view your holdings and manage smart contract permissions, anyone can see what's in your wallet by navigating to your address or ENS domain.

DeBank comes in handy because it organizes all your assets according to blockchain network and which protocols they're being used on. DeBank also features a history tab where you can view past transactions and another tab to view your NFTs from popular collections on Ethereum and Polygon. Overall, DeBank comes in handy for investors who want to track their exposure to multiple DeFi protocols all in one place.

Best for mobile: Trust Wallet

For those who want to track their crypto wallets on a wider variety of blockchains, Trust Wallet is an excellent mobile-friendly option. Trust Wallet is available on the Google Play and Apple App stores and is compatible with all major blockchain networks including Bitcoin, Ethereum, Cosmos, and Polkadot. Trust Wallet enables investors to track their existing crypto wallets and also create new wallets alongside them.

On top of being the most accessible way to keep your eyes on the prize, Trust Wallet lets you take advantage of DeFi right from your smartphone. Not only is Trust Wallet a Web3 browser in the palm of your hands, but you can also use it to buy crypto. With all these features, Trust Wallet is an excellent choice for new users who want to hook up their credit card and plunge right into DeFi.

Best for diverse portfolios: MoneyMade

If you're looking to track your crypto wallet alongside your custodial crypto accounts and investments on other platforms, then we've got you covered. MoneyMade has everything you need to keep track of your assets across dozens of platforms and financial institutions built into our website. After signing up for an account, just click on the 'My Money' tab (located at the top of the desktop page or at the bottom on mobile) to connect your financial accounts. 

Our portfolio tracker will organize your investments by asset class and give you insights into how they've performed as well as a risk analysis and suggestions for adjustments you can make to optimize your portfolio.

Most people never listen.

The world of crypto investments is moving faster than most people can think. In fact, FOMO is a huge reason why many investors buy first and think later. While those guys may get lucky from time to time, this is seldom a winning strategy. What do you do if the crowd is saying one thing but the numbers aren't speaking their language?

Most people never listen.