Coin Market Cap App: A Comprehensive Guide

hand hold bitcoin currency gold coin exchange market chart background
Credit: pexels.com, hand hold bitcoin currency gold coin exchange market chart background

The Coin Market Cap app is a valuable tool for anyone interested in cryptocurrency. It provides a comprehensive overview of the market, including the total market capitalization of all cryptocurrencies.

With over 4,000 listed cryptocurrencies, the app allows users to track the performance of their favorite coins in real-time. This means you can stay on top of market trends and make informed investment decisions.

The app also features a ranking system, where cryptocurrencies are listed in order of their market capitalization. This makes it easy to compare the performance of different coins and identify potential opportunities.

By using the Coin Market Cap app, you can gain a deeper understanding of the cryptocurrency market and make more informed decisions about your investments.

Getting Started

The CoinMarketCap app is very user-friendly, making it easy to navigate and get started. You can enter your Referral ID, like IM4LWDAV, to get diamonds for NFT when registering.

To begin, you'll need to connect your CoinMarketCap account, which securely stores your API keys for authentication. You can do this by entering your API key and selecting your environment, either Pro or Sandbox.

The app has a powerful functionality for conducting cryptocurrency market analytics, and you can also add coins to MetaMask with ease.

App for Beginners

Close-up of Ethereum cryptocurrency with red downward arrow, symbolizing market decline.
Credit: pexels.com, Close-up of Ethereum cryptocurrency with red downward arrow, symbolizing market decline.

If you're new to the world of cryptocurrency, don't worry, there's an amazing app for beginners that can help you get started.

The app has a very user-friendly interface, making it easy to navigate and understand.

You can collect and monitor your portfolio, and it's also convenient to add coins to MetaMask.

A useful and interesting news section keeps you up-to-date on the latest developments in the cryptocurrency market.

The app's powerful functionality allows you to conduct cryptocurrency market analytics.

You can even get diamonds for NFT by entering a special referral ID when registering.

CoinMarketCap's Homepage

The CoinMarketCap homepage is a treasure trove of information for crypto enthusiasts. You can see a cryptoasset's market capitalization, price, 24-hour and 7-day change, volume, and circulating supply all in one place.

Scrolling down on the homepage reveals a long list of cryptoassets that CoinMarketCap ranks, and new ones are always being added. This means you can easily compare and contrast different assets side by side.

The homepage also includes a graph visualization that shows a particular cryptoasset's trajectory over the past week. This visual aid can be super helpful for getting a quick sense of an asset's performance.

CMC Features

Credit: youtube.com, CoinMarketCap: CMC Mobile App

CoinMarketCap offers a range of features beyond just price rankings.

The CMC Portfolio tool allows you to input your crypto investment records, providing a bookkeeping-like tool to keep all your investments in one place.

This tool uses CMC's data and methodology to help you analyze your investment value, profit, and loss.

With the Portfolio tool, you can keep track of all your crypto investments in one place, avoiding the hassle of keeping records scattered across different exchanges.

What Else Does CMC Offer?

CMC offers a lot more than just price rankings. You can explore the world of crypto beyond just Bitcoin's price.

CMC provides a platform to navigate the crypto market, making it easier for users to find and compare various cryptocurrencies.

With CMC, you can view price rankings, which are essential for making informed investment decisions.

CMC's features allow users to discover new cryptocurrencies and stay up-to-date with market trends.

Worst Update Ever!

The worst update ever! The new update has made the app glitch more than ever, with totals, coin prices, and charts not refreshing half the time.

Credit: youtube.com, THE WORST UPDATE EVER? Not really... WOTB

This is frustrating, especially when you're trying to track your investments. The app freezes up when trying to enter additions and subtractions to your positions, forcing you to force quit the app multiple times.

The portfolio section is particularly affected, with charts not available for individual coins like they used to be. Now you have to go to another section to access them.

Global Overview randomly appears on the front page, but there's no clear way to make it appear when you want to see it. It's like the app has a mind of its own!

The coin profiles are also in need of an update. Many coins are still listed as being on exchanges that they've been delisted from, and others are missing news entries for the past few years.

Portfolio Management

The CoinMarketCap app has a feature called Portfolio that helps you manage and monitor all your invested assets in one place. This is especially useful if you have crypto investments scattered across different exchanges.

Credit: youtube.com, [Tutorial] CoinMarketCap Portfolio

Losing control of your crypto investments can lead to an unexpected loss or missing the best timing to sell your cryptocurrencies. A good tool to help you tidy up this mess is a must-have.

To create a CMC Portfolio, simply log in, find the "Portfolio" tab, and click "Create your Portfolio." From there, you can start adding your crypto investments by selecting one coin or token at a time.

You can add new assets or transactions by clicking the "+ Add New" button and following the same steps. This makes it easy to keep track of all your investments in one place.

The CMC Portfolio is different from the Watchlist feature, which allows you to "bookmark" assets that caught your eye.

CMC Portfolio Explanation

Managing your cryptocurrency investments can be a daunting task, especially when you've bought coins from multiple sources. It's easy to lose track of your investments and miss out on opportunities.

Credit: youtube.com, Crypto Portfolio Management using CMC

CoinMarketCap's Portfolio tool helps you keep all your investments in one place. You can input your records, similar to using a bookkeeping tool, and get a clear picture of your investment value, profit, and loss.

Losing control of your investments can lead to unexpected losses or missed selling opportunities. A good tool to tidy up your portfolio is essential.

The Portfolio feature is different from CoinMarketCap's Watchlist. While Watchlist is for "bookmarking" assets that caught your eye, Portfolio helps you manage and monitor all your invested assets in one place.

By using CoinMarketCap's Portfolio tool, you can avoid the hassle of keeping track of your investments across multiple exchanges. It's a simple and effective way to keep your investments organized.

How to Use CMC Portfolio

To start using the CMC Portfolio, log in and find the "Portfolio" option on the navigation bar. Click "Create your Portfolio" to begin.

Select one coin or token to add to your portfolio first. From there, you can start building your portfolio.

Credit: youtube.com, Crypto Portfolio Management Strategies to Optimize Your Investments

The CMC Portfolio has three main tabs, but we'll focus on adding a new asset. To do this, click on the "Portfolio" option and then click on the "Create your Portfolio" button.

Click on the " + Add New" button to add a new asset or transaction record. This will bring you to the coin detail page where you can review the coin's details.

You can also click on the coin name or other data items to view the transaction detail page.

Transactions and Lists

To start tracking your investments, you'll need to add a "buy" transaction or a "transfer in" transaction. This could be the initial purchase of some crypto, which you can enter from the "Buy" modal.

You can input the quantity of coins bought, price per coin, date and time of purchasing, fee associated with the transaction, and a note to this transaction. The price is auto-populated based on the timing you entered, but you can change it accordingly.

Credit: youtube.com, How To Add New Transaction on CoinMarketCap App

A "transfer in" transaction can also be added from the "Transfer" tab, indicating funds received as gifts, salary, or for other reasons. You can enter the amount received, change the receiving time, fees, and add notes to help you remember the transaction.

Your current balance is calculated using your current asset holding amount and current price, showing you the 24h change and 24h change %. You can also view a line chart showing balance value changes over time, with various timeframes provided.

Details Pages

The Details Pages are a treasure trove of information for crypto enthusiasts, and they're easily accessible by clicking on a coin.

Each coin's page has a "market pairs" tab that's a must-check for traders. This tab helps you pick an exchange to trade your crypto by providing a confidence indicator.

The confidence score reflects the liquidity of an exchange, with higher liquidity making it easier to trade crypto.

Add a Buy or Transfer In Transaction

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To add a buy or transfer in transaction, you can enter a "buy" transaction from the modal, which allows you to input the quantity of coins bought, price per coin, date and time of purchasing, fee associated with the transaction, and a note.

You can also input a "transfer in" transaction from the "Transfer" tab, which indicates funds transferred in as gifts or salary. This involves entering the amount received, and you can change the receiving time, fees, and add notes to remember the transaction.

The auto-populated price is based on the timing you entered, but you can still change it accordingly. Adding notes can be a strong tool, allowing you to note down which exchange you purchased the crypto from, making it easier to sell in the future.

You can also input fees and notes for the transfer in transaction, which can help you remember the source of the funds.

Frequently Asked Questions

Does CoinMarketCap have an app?

Yes, CoinMarketCap offers a crypto tracker app to stay informed about live prices, stats, and market trends. Download our app to get instant access to the latest crypto data on-the-go.

Is CoinMarketCap free?

Yes, CoinMarketCap offers a free plan, but it has limitations, including restricted API access and usage. The free plan is suitable for personal use, but paid plans offer more features and higher usage limits.

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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