Managing a crypto portfolio in 2025 has never been more critical. With thousands of assets, multiple exchanges, and DeFi positions, investors face the question: should you stick with traditional tools like spreadsheets or upgrade to a modern crypto portfolio tracker app?
Traditional Tools: Spreadsheets & Manual Tracking
For years, traders relied on spreadsheets (Excel, Google Sheets) to log transactions, track performance, and calculate gains. This method is still popular among minimalists and DIY investors.
Pros
- Full control over data formatting and calculations
- No subscription fees or third-party dependencies
- Flexibility for custom metrics
Cons
- Time-consuming — requires manual data entry
- Prone to human error and missed updates
- Lacks real-time exchange integration
Modern Crypto Portfolio Tracker Apps
Dedicated portfolio apps are designed for crypto investors who want automation, analytics, and convenience. They connect directly to exchanges and wallets, offering real-time balance tracking and performance insights.
Pros
- Automatic syncing with exchanges and wallets
- Real-time performance updates
- Advanced features: tax reporting, PnL analytics, DeFi tracking
Cons
- May require paid subscriptions for advanced features
- Security concerns when sharing API keys
- Less flexible for fully custom calculations
Comparison Table
| Feature | Spreadsheets | Portfolio Apps |
|---|---|---|
| Ease of Use | Manual entry required | Automated syncing |
| Real-Time Data | No | Yes |
| Customisation | High | Moderate |
| Cost | Free (time investment) | Free + Premium plans |
| Best For | DIY investors, hobbyists | Active traders, professionals |
Final Thoughts
Both approaches have their merits. If you enjoy full control and don’t mind manual work, spreadsheets may suffice. But for most modern investors juggling multiple assets, portfolio apps provide automation and advanced insights.
Recommendation: Before investing in a premium app, try a simple free tool to test how portfolio trackers can improve your workflow. For example, the Crypto Portfolio Tracker from Crypto Mental Log is a straightforward starting point.