Merlin is a cryptocurrency portfolio tracker that stands out from the competition with its unique multi-tiered exit strategy tool and integrated tax estimates. Its exit strategy feature allows traders to set customized price targets for their assets and receive real-time sell alerts once those targets are hit, enabling them to react quickly to market movements and maximize gains. Merlin also offers tax estimates based on a particular tax bracket, helping crypto traders adjust their personal finance strategy and stay compliant with local laws.
Merlin is a comprehensive crypto portfolio tracker that enables investors to oversee all their digital assets across multiple blockchains, exchanges, and wallets within a singular application. The security mechanism of Merlin doesn’t necessitate the sharing of your private keys, while its user-friendly interface makes it an ideal choice for both experienced and novice traders.
Merlin portfolio tracker streamlines trading experience: Highlights
As a dedicated researcher into the world of cryptocurrencies, I’m thrilled to bring your attention to Merlin – an advanced portfolio tracking tool meticulously crafted by seasoned crypto veterans. This innovative platform promises to elevate the security and convenience experience for investors of all backgrounds and expertise levels.
- Merlin is a new-gen cryptocurrency portfolio tracker designed to streamline the management of your crypto across all your exchanges and wallets.
- Merlin allows the monitoring of a crypto portfolio within a single app with no multiple log-in operations needed.
- Merlin’s sleek and clear interface demonstrates the exact allocation of a cryptocurrency: name, ticker, exchange/wallet, performance and so on.
- The platform’s unique multi-tiered exit strategy tool and alerts makes the process of selling crypto so convenient so you don’t have to monitor the market every minute of the day, therefore, it accomplishes a new level of profitability and peace of mind.
- Merlin works in a 100% noncustodial manner; it never requests the exposure of private keys and does not offer crypto storage services.
- Merlin supports 12,000 cryptocurrencies across various blockchains; it can be seamlessly integrated into the largest crypto exchanges and wallets.
The Merlin team provides a complimentary 30-day trial for all their services, while continuously broadening their reach into new areas and territories.
More blockchains and wallets will be also added soon to its toolkit of supported instruments.
What is a crypto portfolio tracker?
A crypto portfolio tracker functions as a user-friendly tool for keeping tabs on your digital currency investments. It can be accessed through a website, desktop program, or mobile application. This versatile platform enables you to oversee your liquidity and manage transactions across multiple decentralized platforms, exchanges, cold storage wallets, and hot wallets in real time.
As a cryptocurrency investment analyst, I can’t stress enough the importance of utilizing a portfolio tracker to gain a comprehensive understanding of my digital asset investments. These tools offer a unified perspective, showcasing vital information such as current values, total worth, historical trends, and allocation percentages. Additionally, they come equipped with features like price alerts, market updates, transaction monitoring, and performance analysis. By gathering data from various sources, crypto portfolio trackers significantly improve the portfolio management process, empowering me to make informed decisions and respond promptly to market fluctuations.
In the crypto market, popular platforms are anticipated to provide extensive cryptocurrency and exchange options, creating a comprehensive tool for both beginners and experienced traders in crypto transactions.
Why do you need a crypto portfolio tracker?
In today’s digital landscape of Web3, managing a cryptocurrency portfolio has grown more convenient with the help of specialized tracking tools. These tools eliminate the need to constantly switch between multiple interfaces and provide a unified platform for monitoring your assets, thereby sparing you the hassle of sharing sensitive credentials across various platforms.
As a crypto asset analyst, I’d say that from the beginning of managing my portfolio, a unified cryptocurrency tracking system offers me a clear and simplified overview of all my digital assets spread across multiple exchanges and wallets. Its ability to display real-time value updates allows me to make informed decisions promptly in the volatile crypto market.
Using performance analysis tools, you can effortlessly identify trends and redistribute liquidity between various Decentralized Finance (DeFi) protocols. Through portfolio trackers, users are able to monitor past transactions and evaluate potential strategies risk-free by conducting back-testing.
To put it simply, utilizing crypto portfolio trackers allows you to establish personalized notifications for significant price changes, ensuring you don’t overlook important milestones.
How to choose crypto portfolio tracker: Basic tips
When managing a cryptocurrency portfolio, it is crucial to select a trustworthy portfolio tracker since dealing with crypto wallets and exchanges entails potential risks. Therefore, opt for a reliable solution to safeguard your digital assets from unauthorized access.
- Security first: Always be sure to check out the background of the crypto portfolio tracker, the history of its versions, its social media presence and so on. Also, study the security practices its team utilizes.
- One-stop approach is key: A potential portfolio tracker should support as many cryptocurrencies and wallets as possible. Check out whether it works with all services you have ever interacted with and the coins you hold or trade.
- Not your keys, not your coins: Avoid using crypto trackers or other applications that require you to disclose your private keys or move crypto to hot wallets. Also, legitimate services never ask you for seed phrases or passwords.
Considering all the suggestions, carefully selecting a suitable cryptocurrency portfolio tracker from the existing market is essential after conducting thorough research.
Introducing Merlin, new-gen crypto portfolio tracker for newbies and pros
In the beginning of Q3, 2023, Merlin portfolio tracker was launched, simplifying the process of keeping tabs on crypto asset progress and enhancing the convenience of navigating the Web3 realm through its exit strategy feature and notifications.
Merlin: Basics
Merlin serves as a user-friendly platform for monitoring cryptocurrency portfolios. It gathers information from multiple blockchains, wallets, exchanges, Decentralized Finance (DeFi) platforms, and liquidity pools into a single interface.
Users can effortlessly manage their diverse crypto investments with Merlin, avoiding the tedious process of putting together their holdings like a jigsaw puzzle or relying on an outdated spreadsheet that requires frequent manual updates. Instead, Merlin serves as a convenient and user-friendly platform that gathers all cryptocurrency assets from multiple exchanges and wallets in one unified and sleek dashboard.
Merlin functions as a superior layer over the current cryptocurrency services infrastructure, allowing users to continue utilizing popular platforms such as Binance (BNB) and MetaMask without having to switch. By establishing API connections between Merlin and their wallets or exchanges, crypto traders and investors can effortlessly monitor their assets held on recognized tools.
Merlin: Functionalities
As a researcher studying Merlin, I can tell you that this platform offers a clear and user-friendly dashboard for displaying the quantity, cost basis, and performance of one’s cryptocurrency holdings. Merlin goes beyond simply showing how much crypto an individual possesses; it provides essential insights into the portfolio’s location and overall performance.
Merlin users have the ability to monitor the total worth of their portfolios, as well as daily fluctuations and past performance graphs. This feature enables them to assess the status of their investments and make thoughtful choices, with the added convenience of effortlessly identifying the largest day-to-day and weekly profits or losses by clicking a single button.
As a crypto investor, I can tell you that using Merlin’s allocation feature gives me a clear understanding of where my cryptocurrencies are located. Merlin identifies the precise position of my holdings, whether they are in different exchanges or wallets, and even if the same coin is distributed across multiple locations. With Merlin, I have the satisfaction of knowing exactly how my crypto assets are distributed, ensuring complete transparency.
Merlin: Exit strategy tool
As a seasoned analyst, I cannot stress enough the significance of Merlin’s exit strategy tool in setting our app apart from competitors. This feature caters to traders and hodlers, regardless of their experience levels, offering them a convenient solution for managing their investments effectively.
Have you ever had the desire to cash in on cryptocurrency market peaks but found yourself missing out due to being away from your screen? Merlin distinguishes itself among other crypto trackers by addressing this challenge.
Merlin empowers clients to seize control through its innovative multi-level exit strategy feature. Traders can establish personalized price thresholds for their assets, prompting instant sell notifications upon reaching these levels. This enables traders to respond promptly to market fluctuations and optimally capitalize on price swings in either direction.
In addition, Merlin provides tax calculations aligned with specific tax brackets. This feature enables crypto traders to effectively manage their financial plans and ensure adherence to local tax regulations.
Merlin: Security and convenience
Merlin, a top-tier cryptocurrency portfolio tracker, prioritizes advanced security measures. It maintains the safety of users’ assets without asking for private keys, seed phrases, passwords, or any sensitive information. Additionally, it does not store nor handles clients’ coins.
Merlin functions primarily as a read-only application that allows users to view their chosen assets without taking possession of their private keys or cryptocurrencies. Consequently, the users’ coins remain secure in their own wallets while using Merlin.
As a crypto investor, I made a long-term partnership with VEZGO, a SOC2 (Type II) certified data provider. This collaboration ensures that Merlin prioritizes the security and integrity of our data logistics.
Merlin links up with major cryptocurrency exchanges and digital wallets, providing access to more than 12,000 currently traded coins. New cryptocurrencies and exchanges are regularly incorporated into its system.
Merlin: Accomplishments and plans
I serve as a crucial component in numerous cryptocurrency offerings by the year 2024. These solutions span across multiple categories such as robust blockchain platforms, user-friendly digital wallets, Decentralized Finance (DeFi) projects, and more.
Merlin is consistently broadening its network of collaborations. At present, it is in the process of establishing smooth integrations with major exchanges such as Crypto.com, Binance, KuCoin, MEXC Global, OKX, Bittrex, Bitmart, and others, in addition to wallets like Uniswap, Lobster, and Arculus.
Merlin is accessible to cryptocurrency users in the United States and Canada at present. However, it’s in the process of broadening its reach to serve a larger international audience.
Bonus: How to try Merlin for free
Merlin offers a risk-free experience with a substantial 30-day trial period, enabling users to test drive its functionalities prior to making a purchase. Should you decide against continuing, cancellation is effortless through a single click within the application.
As a researcher studying Merlin, I can tell you that while the tool is currently accessible through its official website as a web interface, the developers are working on creating a mobile app. In the interim, they encourage users to create a shortcut on their home screens for a more convenient and app-like experience.
For just $16.99 a month, you can upgrade to the premium Merlin service with an annual subscription. By opting for this plan, you’ll enjoy a savings of 10% compared to the monthly fee.
Wrapping up: What makes Merlin stand out from competitive portfolio trackers
Introduced in the year 2023, Merlin serves as a versatile cryptocurrency tracking tool, capable of managing portfolios involving over 12,000 distinct cryptos and more than 400 exchanges, wallets, and blockchains. This innovative platform streamlines portfolio management by automating various tasks, providing real-time price performance updates, offering valuable insights, and enhancing the trading experience with data-driven decision making capabilities.
As a crypto investor, I don’t keep my private keys or digital coins with Merlin. Instead, it functions as a read-only app that connects to crypto infrastructure using APIs. New users can enjoy a 30-day free trial by visiting merlincrypto.com and starting their trial today!
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2024-07-11 13:52