Cryptocurrencies have been experiencing an upsurge in popularity with each passing day. The availability of cryptocurrencies in the market has been steadily rising, alongside their prices.
Keeping track of the diverse range of investments in various cryptocurrencies could be an intimidating task. Fortunately, CoinStats offers a solution to this predicament by facilitating the seamless management of your cryptocurrency portfolio.
In this CoinStats Review, we will discuss its pros and cons and explore its features and benefits.
What is CoinStats?
CoinStats is an app designed for the management of cryptocurrency portfolios. It aids users in monitoring and administering their digital assets across several exchanges and wallets.
Boasting an impressive range of over 8,000 cryptocurrencies and tokens, the application offers real-time pricing, notifications, and news updates, making it a top-tier contender among cryptocurrency monitoring apps.
The Software is accessible on web platforms, as well as on both iOS and Android mobile devices.
Pros and Cons of CoinStats
| Pros 👍 | Cons 👎 |
|---|---|
| Provides real-time price tracking and alerts | Free version has limited features |
| Includes a news feed to keep users up-to-date | Some users report occasional syncing issues with exchanges |
| Integrates with 70+ exchanges and wallets | Desktop version is only available for Windows users |
| Built-in Swaps, CoinStats Wallet | User interface can be overwhelming for beginners |
CoinStats Features Review
1. Portfolio Tracker
CoinStats allows users to track the performance of their cryptocurrency portfolios across multiple exchanges and wallets.
Users can manually add their holdings and addresses manually or connect their exchange accounts and wallets to the app to track their balances automatically.
Some of the key features of Portfolio Tracker include:
- Historical Data: Users can access historical data for their portfolios, including price and volume charts.
- Automatic Syncing: CoinStats automatically syncs users’ portfolios with their exchange accounts and wallet addresses.
- Tax Reporting: It also provides a tax reporting feature powered by CoinLedger, allowing users to generate reports of their cryptocurrency transactions for tax purposes.
2. CoinStats Built-in Swap
CoinStats’ integrated swap function offers significant advantages to users for buying new cryptocurrencies.
DEX protocols impose lower fees than centralized exchanges, and CoinStats charges an additional 0.5 per defi swap after network fees.
Furthermore, Its integrated swap feature broadens users’ access to cryptocurrencies. It supports 8000+ digital assets, including many emerging tokens and altcoins that are unavailable on Custodial exchanges.
This capability empowers users to diversify their portfolios and exploit nascent opportunities in the digital market while still permitting price slippage adjustments.
3. Staking and Earning
CoinStats offers staking services for various cryptocurrencies including Yearn Finance, Lido Staked Ethereum, and Affine Polygon Platform.
It offers an annual rate of up to 20% APY. The APY can vary depending on the cryptocurrency you are staking, the staking period, and the current market conditions.
The amount of rewards you earn will also depend on the staking period, the amount of cryptocurrency staked, and the current APY (Annual Percentage Yield).
4. GLXY NFTs
GLXY NFTs are unique digital assets that are designed to represent ownership of a limited-edition collection of digital art.
These NFTs are based on the Ethereum blockchain and are built using the ERC-721 standard, which ensures that each GLXY NFT is one-of-a-kind and cannot be replicated.
To purchase a GLXT NFT, users can visit the official Opensea website and connect their Ethereum wallet.
From there, they can browse the collection, view each piece of artwork, and purchase the NFTs that they want.
CoinStats Midas Review – NFT Analytics Tool
CoinStats Midas is a new tool that uses data to give you quick information about buying and selling NFTs.
It can tell you which wallets are doing well and give you alerts about important things to know.
There are a lot of NFT projects out there and it can be hard to keep up, but Midas makes it easier by showing you the most promising projects.
This saves you time and helps you find new opportunities for your NFT buying or trading strategy.
CoinStats Supported Exchanges and Wallets
CoinStats supports 70+ digital exchanges and wallet platforms. Here are some of the major exchanges and wallets:
Exchanges:
- Binance
- Coinbase
- Kraken
- Bitfinex
- Bybit
Wallets:
CoinStats Security Review
CoinStats takes measures to ensure the security of user data, such as implementing two-factor authentication, encryption, and secure APIs.
It also conducts regular security audits and offers a bug bounty program. Users should take their own precautions to protect their accounts.
The software does not store any user data on its servers. Instead, all important data is stored locally on the user’s device.
Related: Best Crypto Security measures against hackers
CoinStats Pricing and Fees
CoinStats offers a free Basic plan and a Premium plan priced at $1.66 per month, billed annually.
The Basic plan allows you to connect up to 10 portfolios and track up to 1000 transactions, while the Premium plan offers unlimited connected portfolios and can track up to 1 million transactions.
Both plans include features such as profit/loss analysis, in-depth portfolio analytics, exclusive coin insights, order fill notifications, customized price alerts, and an ad-free experience.
The Platform also offers a Team plan that can be tailored to your specific needs. This plan includes all the features of the Premium plan, as well as VIP support via a dedicated channel, seats for communities, and personalized features upon request.
CoinStats Mobile App Review
Investment portfolio managers need to have a strong presence on many platforms to succeed.
CoinStats is a versatile tool that can be used on desktops, browser extensions, Android, and iOS smartphones. The mobile app has almost every feature of the desktop version, making it great for managing portfolios.
However, the dashboard may seem crowded on smaller phone screens. Users have rated the app highly, giving it 4.5 out of 5 stars on the App Store.
Related: Best Crypto Mobile Wallets
Customer Support and Ease of Use
CoinStats goes above and beyond in terms of customer support, offering a comprehensive FAQ section on its website for quick solutions to common queries.
Moreover, the app allows users to directly contact the support team using chat or E-mail, for any assistance they may need.
It provides a great user experience by offering a well-designed and intuitive interface. The app’s layout is clean and easy to navigate, making it simple for users to add and manage their cryptocurrency portfolio.
Alternatives and Comparison
| Key Points | CoinStats | CoinTracker | Koinly |
|---|---|---|---|
| Supported Cryptocurrencies | 8000+ | 3000+ | 20,000+ |
| Exchanges and Wallets | 70+ | 300+ | 400+ |
| Portfolio Tracking | Yes | Yes | Yes |
| Price Alerts | Yes | Yes | Yes |
| Tax Reporting | No | Yes, in paid version | Yes, in paid version |
| Mobile App | Yes | Yes | Yes |
| Price | $1.66 per month | $59/month | $49/month |
How do Open an Account With CoinStats?
To open an account with CoinStats, you can follow these steps:
- Go to the CoinStats website at www.coinstats.app.
- Click on the “Sign Up” button located at the top right corner of the page.
- Enter your email address, create a strong password, and click on “Create Account.”
- You will receive an email verification link in your inbox. Click on the link to verify your email address.
- Once you have verified your email address, you will be taken to the CoinStats dashboard.
- Connect your cryptocurrency exchanges or wallets to your CoinStats account by clicking on the “Connect Exchange/Wallet” button on the dashboard.
- Follow the instructions to connect your exchanges or wallets to CoinStats.
Final Thoughts: Is it Worth Your Investment?
In Summary of CoinStats Review, It is an excellent cryptocurrency portfolio tracker that provides a comprehensive solution for investors to manage their digital assets.
With its real-time price tracking, portfolio management, news and analysis, advanced analytics, and connection with CoinLedger tax reporting tools, CoinStats offers a robust platform that caters to the needs of both novice and experienced investors.
Although there are other portfolio trackers available in the market, It stands out with its extensive exchange and wallet support and very low-pricing premium plans.
So, if you are looking for a reliable and efficient way to manage your cryptocurrency portfolio, CoinStats is definitely worth checking out.
FAQs
Is CoinStats safe to use?
CoinStats is a safe cryptocurrency portfolio tracker and market analysis app. It utilizes high-end encryption technology to ensure the safety and privacy of user data. u003cbru003eu003cbru003eAdditionally, It has not reported any security breaches, hacks, or data leaks since its inception in 2017, which is a testament to its reliability and safety.
Is CoinStats free?
CoinStats offers both free and paid versions of its app. The free version includes a wide range of features, such as portfolio tracking, real-time price alerts, and news and analysis updates. u003cbru003eu003cbru003eThe paid version, CoinStats Pro, offers additional features, including advanced portfolio analytics and 1 million+ transaction importing.
Can I import my cryptocurrency holdings from other tracking apps into CoinStats?
Yes, you can easily import your cryptocurrency holdings from other tracking apps into CoinStats. u003cbru003eu003cbru003eThe app supports importing from popular exchanges and wallets such as Binance, Coinbase, and Ledger, among others. This feature saves users time and makes it easy to manage all their cryptocurrency holdings in one place.
