TLDR
Constats simplifies tracking by letting you connect a wallet directly or add a wallet address to import all transactions automatically - unlike Easy Crypto, where you have to manually enter each transaction one by one.
If you’re reading this guide, you have likely set up a crypto wallet and have acquired Bitcoin or other crypto, and now you’re wondering how to track your gains and losses in NZD.
Due to the volatility of cryptocurrency, crypto investing can be easily likened to a roller coaster ride. To get the most of the ride, you will want to keep your eyes peeled on the various ups and down, allowing you to maximize your gains and make informed decisions. The is the role of a portfolio tracker; an essential tool in the NZ crypto investors toolbox.
In this guide, we’ll walk you through the process of tracking your cryptocurrency investments in NZ, using one of two powerful tools – Coinstats or Easy Crypto NZ’s Tracker.
What is a Crypto Portfolio Tracker?
A crypto portfolio tracker is a tool that provides you with a birds eye view over your crypto holdings, helping you monitor your allocations and NZD value, to help you take stock of your portfolio. These trackers require you to dot in when you purchased your crypto or made a transaction, and the portfolio tracker will take care of calculating your gains and losses for you. Beware however, they can become very, very addictive.
Portfolio trackers such as Easy Crypto NZ’s or CoinMarketCap’s are both free to use, safe to operate, and have no actual connection to your wallet beyond data points. Your Tracker isn’t where you make transactions; rather it’s an analytical tool to monitor your assets.
You can of course build your own portfolio tracker in Excel or Google Sheets, however unless you’re smart with computers, these custom built options are far less streamlined.
Portfolio Tracker Features
Total Net Worth Graph
The combined market value of all your crypto assets over time, measuring the amount of NZD you invested verse it’s current total value, displaying your growth.
Overall Statistics
Including net fiat invested, total returns on fiat, percentage gains and losses, donut charts representing portfolio allocation and other key metrics like daily change.
List of Assets
A detailed breakdown of how each asset is performing. Displays invested amounts, current asset values, and potential returns if you decide to sell all units of an asset.
Tool Box
Additional tools such as tax tracking, historic data, export functionalities. Easy Crypto’s tracker for example provides data on how much tax you owe on returns.
Setting up your Portfolio Tracker
“ From my perspective, there’s only really two portfolio trackers to consider “. If you happen to be a simple investor, who only uses one platform to trade crypto, like Easy Crypto NZ, I would recommend using their native portfolio tracker which automatically updates the second you make a buy or sell trade on their platform. If you trade on multiple platforms, such as Binance, and you have more data points, you’d want to consider CoinStats
- CoinStats: Visit CoinStats.app or download their mobile app for real-time portfolio tracking, automatic wallet and exchange syncing, and a clean dashboard to monitor your entire crypto portfolio — all in one place.
- Easy Crypto’s Portfolio Tracker: Accessible to all Easy Crypto account holders, this tool is designed for New Zealand investors utilizing a dollar-cost averaging (DCA) strategy.
- Building your own Tracker: Using Sheets or Excel to create your own personal index of crypto holdings. This option is best for computer savvy Kiwis, but is easy to learn.
“ Personally speaking, I have used all of them and prefer CoinMarketCap, finding it easier to update external trades from external platforms. I’ve also dabbled with Google Sheets and Excel custom trackers, that provide more control but are harder to configure/setup “.
https://easycrypto.com/nz/trade/portfolio
Easy Crypto NZ's Portfolio Tracker
Easy Crypto’s Portfolio Tracker stands out as a user-friendly and powerful tool designed to provide New Zealand crypto investors with a streamlined experience in managing and monitoring their digital assets. It’s extremely user friendly, free, and is designed for Kiwis.
Whenever you buy or sell on on Easy Crypto NZ, your portfolio statistics are automatically updated, meaning you never have to actually put in any of your own data or do anything beyond just checking your portfolio. It provides all the functionality of any other standard portfolio tracker, with the added feature of a NZ tax obligations tracker, based on your total gains and losses. If you’re brand new to crypto, this is your best option in New Zealand.
CoinStats Portfolio Tracker
On the other hand, CoinStats is a widely used portfolio tracker in the crypto space, trusted by many Kiwis and millions worldwide. It offers similar benefits to Easy Crypto’s Tracker, but with far more flexibility. CoinStats allows you to automatically sync wallets and exchanges, track DeFi holdings, and view your entire portfolio in one place.
If you’re managing crypto across multiple platforms and want a powerful all-in-one tracking tool, CoinStats is hard to beat.
Tax Reporting in New Zealand
In New Zealand, the IRD expect you to pay taxes on your crypto. Your portfolio tracker is a useful tool to gauge how much you owe, but often approaching your accountant is a good idea. Like anything, if you have many trades, that will require more calculations, and if you have less trades, say you’re holding long term in bulk, you will have to calculate much less.
We’d recommend being proactive with your tax obligations to save the hassle later on. If you want to learn more on crypto tax in NZ, feel free to read our dedicated NZ tax guide.
Cryptocurrency NZ Final Verdict
Ultimately, all options have their place, but CoinStats stands out for its flexibility and power, especially if you’re using multiple wallets or exchanges. While Easy Crypto’s Tracker is beginner-friendly and ideal for those trading only on their platform, CoinStats offers a far more complete portfolio view with automatic syncing and DeFi integration.
The custom route via Sheets or Excel gives full control but comes with a steeper learning curve. If you’re already tracking other assets manually, it can help estimate your total NZD net worth, but for most Kiwis, CoinStats strikes the best balance.