Best Features of Cryptowatch

Since Blockfolio is still the gold standard when it comes to crypto portfolio trackers, most of the alternatives try to differentiate themselves by offering one key feature that is not found in the crypto trackers that have already gained significant market share. In the case of Cryptowatch, there are quite a few unique attributes to consider.

The first feature of Cryptowatch that should be considered as one of its best is the ability to trade from directly within the crypto-tracking app. Indeed, this feature itself is not found in most of the crypto portfolio tracking apps to this day, and Cryptowatch allows users to connect to the most popular exchanges via user API keys to trade on all of the different trading engines from a single interface.

Another key offering from Cryptowatch is the fact that it is available via a web browser. By taking this approach, Cryptowatch is effectively available on every platform, even ones that are usually not supported by those apps that have opted for a native approach to their software development. On top of the web version being available everywhere, there is also a standalone desktop version of the Cryptowatch app available for MacOS, Windows, and Linux. Cryptowatch’s web-based approach also enables seamless syncing of portfolios between all devices, which is another feature that is still rather rare these days.

Another interesting attribute of Cryptowatch is the unique metrics that are made available to users of the app. For example, one of the more interesting options for comparing different crypto assets is sorting by Liquid Bids. This is effectively the total amount of buy orders that are currently on the books for a particular crypto asset that are within 1% of the highest bid for the asset across all tracked exchanges. This metric allows users to see how much real demand there is for a particular asset, which can be useful as an alternative to often-manipulated stats like market cap. Another example of Cryptowatch’s unique data offerings is the Correlations page, which allows users to track price correlations between multiple crypto assets.

Another key selling point of Cryptowatch is the attention that is paid to privacy and security. Remember, this crypto portfolio tracker is owned and operated by well-known crypto exchange Kraken, which is one of only a handful of exchanges that have both been around for a long time and never faced a serious security incident. You’re getting exchange-level security with this app, which makes sense since users are able to trade directly from Cryptowatch.

There are also a number of other unique features of Cryptowatch such as a chatbox for users to interact with each other and the ability to pay for premium features on a pay-as-you-go basis. At the end of the day, there are simply too many interesting functions of the app to name.

What Cryptocurrency Exchanges are Supported?

While there are a wide number of exchanges supported by this app, the level of functionality available with each exchange integrated can vary wildly. You need to be careful when it comes to seeing which exchanges are supported by a particular crypto portfolio tracker because they’ll oftentimes count nothing more than displaying a price feed as support for a particular exchange. When looking at exchange support, users really just want to know which exchanges can be fully integrated via an API key for trading. Here are the exchanges that meet this standard in the Cryptowatch app:

• Bitfinex
• Coinbase Pro
• Bitstamp
• Kraken
• Poloniex
• Binance
• US
• Kraken Futures
• FTX

In addition to supporting the above exchanges for trading, Cryptowatch also supports Huobi, Bittrex, OKEx, HitBTC, and BitMEX in view-only mode.

Is Cryptowatch Safe?

In terms of safety, there may not be a better crypto portfolio tracker than Cryptowatch. As mentioned previously, the platform is owned by Kraken, which is well-known as one of the most secure exchanges on the market. The same sort of advanced security features, such as two-factor authentication, that you would expect to be found at a crypto exchange are also found with Cryptowatch.

Having said that, it should be noted that crypto portfolio trackers that do not allow for trading within the app are obviously more secure than those that allow trading. Of course, you’re going to need to log into an exchange somewhere if you want to do some trading, so there is always going to be the potential for exchange account-related security issues.

Supported Operating Systems

Due to the fact that Cryptowatch works natively in the web browser, it is available on any platform you can imagine. Whether you’re using Linux, MacOS, or Windows on your desktop computer, you’ll be able to check your portfolio and even make trades from multiple devices. This concept also applies to the world of mobile devices, as Cryptowatch works in the web browser on both Android and iOS devices.

In terms of standalone apps, there is currently only software available for desktop computers; however, the app is available on all three major operating systems.

Potential Dealbreakers

There aren’t very many serious dealbreakers to look at with Cryptowatch. For the most part, this crypto portfolio tracker can get the job done for any trader. That said, there are three potential issues some traders may find with the app.

Although there is really no need for a standalone mobile app, some potential Cryptowatch users may not like the idea of using the application from a normal web browser. There is no functionality missing from the web version of the app, so there isn’t really a good reason for this to stop anyone from using the app. Then again, some people are just sticklers for a standalone app.

A more serious potential issue with Cryptowatch is that it may not support an API connection with your preferred cryptocurrency exchange. There are a large number of niche cryptocurrency exchanges that are missing in terms of API connections with Cryptowatch, so you may want to look elsewhere if you’re looking for the ability to attach more exchanges to your crypto portfolio tracker for either trading or viewing purposes.

A final factor to consider with Cryptowatch is it is not exactly the most extensive portal for crypto news. While some have no issue with using a separate app for breaking cryptocurrency news, there are a number of crypto portfolio trackers that make updates about specific cryptocurrencies a key selling points of their apps.