HomeBlockchainBlockchain DIYTutorial to Build Crypto Dashboard

Tutorial to Build Crypto Dashboard

Audio version of the article

So you leaned hard into crypto, huh?

Don’t get us wrong, that’s awesome!

Considering the current explosion of financial services provides, banks, and other institutions getting on board with cryptocurrency — you’re in great company.

But let us guess, now you’ve got a problem.

You’ve got a bunch of crypto accounts, wallets, and probably even individual coins floating around on several different apps and websites that you’re having a hard time keeping track of — and an even harder time understanding how they impact your net worth and overall financial health.

If that’s the case, then we’re glad you found us.

Because you need a cryptocurrency dashboard.

What Is a Cryptocurrency Dashboard

You’ve probably heard of financial dashboards — platforms where you can get a complete overview of all the financial accounts and assets you’ve added to it.

Well, a crypto dashboard is quite similar.

A crypto dashboard is a digital platform that lives on a website or in an app (either desktop or mobile). Its main function is to accept all the crypto accounts and/or coins you add to it to monitor their ever-shifting value so that you can manage both your crypto assets and related financial plans accordingly.

Why Do I Need a Crypto Dashboard?

Investors who actively engage with more than three different types of cryptocurrencies are encouraged to use a crypto dashboard to manage their assets.

Here’s why.

To Effectively Use Your Crypto Assets Toward Your Financial Goals

The ultimate goal for crypto dashboards (and most other wealth dashboards) is to give an overview of all your assets and how they play together.

Why?

Because when you have this information in one place, you can see how each asset and account is impacting your overall financial health and net worth. And this up-to-the-moment financial data is what gives you the insight you need to generate the most accurate reports, forecasts, and plans for moving toward your financial goals.

To Maintain an Accurate Idea of the Value of your Crypto

Not dissimilar to fiat currency, the value of cryptocurrency is always changing — nights, weekends, and holidays included.

The more crypto accounts and coins you add to your portfolio, the harder it can become to keep up with the value of each investment.

A crypto dashboard is essential for observing changes in your portfolio and understanding how much value you have with just a quick glance.

To Keep Crypto Diversification Manageable

Diversifying your portfolio is one of the gold rules of investing — and it’s no different whether you’re focused on traditional or digital assets like crypto.

Diversification is the practice of building a balanced portfolio of different asset types so that it has a built-in buffer when unpredictable (but normal) fluctuations impact each different asset class.

When you’re better able to understand and manage your different crypto accounts and coins with an effective dashboard, you can diversify your portfolio even further without fear of losing track of its value or impact on your overall net worth and goals.

To Stay on the Cutting Edge of Investment Opportunities

As we’ve covered recently, Bitcoin is still on a generally upward trajectory. And this continued growth in value has helped Bitcoin and other cryptocurrencies like it become more widely accepted across financial services providers, banks, and other financial institutions.

When using a crypto dashboard that accurately displays the value of your assets at any given time, you’ll always have a good idea of your buying power so you can invest as needed when a cutting-edge opportunity becomes available.

Tutorial to Build Crypto Dashboard 3

How to Build a Crypto Dashboard

There are two leading methods for creating a crypto dashboard.

The first, which we’ll show you now, is the traditional process. But if you’re more inclined to use a tech-first, all-in-one solution; keep reading for that walkthrough in the next section.

The Old Way: Assemble Your Crypto Dashboard Manually

Before we get started, we’ll let you in on a little secret — in our opinion, there’s a better way to build a crypto dashboard than to do it manually.

However, we’ll save that for the next section. If you’re truly committed to controlling and customizing every single aspect of your crypto dashboard, here’s what you need to know to do just that.

1. Set Crypto Goals

Since you’re creating a dashboard from scratch, you have the capability to build exactly what you want.

So, before you get too far, it’s important to define what it is you want — AKA your goals.

You can start by thinking about your goals for your crypto assets: Perhaps you want to maximize the return on your crypto investments while remaining under a specific level of risk.

In addition, you may consider the larger financial goals in which your crypto investments will play a part: An upcoming house purchase, a far-off retirement, etc.

This step is probably where the coolest aspect of building your own crypto portfolio really comes to light: You get to decide what metrics you want to track and you get to choose and integrate the tools that’ll help track them — and leave out the ones that don’t.

2. Make a List of Your Crypto Assets and Accounts

To effectively build a tool for tracking your crypto assets and accounts, it’ll be helpful to know exactly what you have.

This stage is kind of like packing up to move house — first you want to carefully review the assets and accounts you have, then clean out anything that no longer fits your goals, and finally add to your list the items you want to monitor and manage with your dashboard.

This step will help you figure out what metrics you want to be able to view and eventually what tools will empower you to do so.

3. Build a Dashboard to Track Crypto Changes (Coding Required)

Here comes the main downfall of manually creating your own crypto dashboard: The build.

When building out a crypto dashboard in particular, there’s no way around diving into code to create a truly custom dashboard.

For guidance to help you do this — or help anyone you bring on board to handle this part — get started with this guide for building your own Ethereum dashboard. Or here’s how you can integrate CoinMarketCap’s free crypto tracking widget into your own custom dashboard website.

If neither of these covers what you want to do with your crypto tracker, look for similar guides on the internet to help you create the dash you desire.

Tutorial to Build Crypto Dashboard 4

4. Build Another Dashboard to Track the Other, Non-Crypto Assets in Your Portfolio

And here is part two of the above issue.

Sure, you now have a dashboard for monitoring and managing your cryptocurrency investments — but how are you going to integrate them into your portfolio so they can be tracked alongside the rest of your assets and you can get a full view of your net worth, goal progression, and so on?

How you’re going to do that is build yet another digital dashboard for tracking additional accounts and assets. You can either switch between the two or find a way to integrate them (which will likely require using code again) so they can be viewed at once.

For more information on how to build a dashboard for tracking your non-crypto accounts and assets, we wrote the guide on it: How to Build a Bulletproof Financial Dashboard.

Now you see why there’s a demand for an easier way.

This article has been published from the source link without modifications to the text. Only the headline has been changed.

Source link

- Advertisment -Tutorial to Build Crypto Dashboard 5Tutorial to Build Crypto Dashboard 6

Most Popular

- Advertisment -Tutorial to Build Crypto Dashboard 7Tutorial to Build Crypto Dashboard 8