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Crypto Business

DeBank Portfolio Tracker Review: It Is Safe To Use

Nick Jonesh
Last updated: 30/08/2024 9:57 AM
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Nick Jonesh
ByNick Jonesh
Nick Jonesh Is a writer with 12+ years of experience in the cryptocurrency and financial sectors. He writes for the coinroop on the same topic of...
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DeBank Portfolio Tracker Review: It Is Safe To Use
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In this article, I will discuss the DeBank Portfolio Tracker, an exciting platform feature enabling users to manage and track all their crypto assets.

DeBank allows users to check their portfolios without linking a wallet – a privacy-enhancing feature that still grants a good overview of the assets held.

It will cover its main characteristics, advantages, and how it stands against such… boxes as crypto portfolio trackers.

What Is DeBank?

DeBank is a tool in web3, further known as a portfolio manager, with the advantage of tracking multiple assets in different wallets and blockchains.

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The interface is excellent and offers the functionality of more than 35 interconnected blockchains, enabling you to view your assets catalytically without employing more than one app.

What Is DeBank?

You are free to attach other wallets for your crypto assets and check the statistics, operations conducted, and publicly available information on the blockchain.

It is packed as clearly as possible, and all the positions one is in can be visualized. DeBank has also introduced extra features such as whale monitoring, social feed, mobile app, etc.

How to Use DeBank Portfolio Tracker?

Step 1: Access DeBank

Go to DeBank`s site or download the DeBank app from the app store.

Step 2: Type in your public crypto address

Find the search panel, which is located on the platform index page.

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Copy the public crypto address in their wallets (Metamask, Trust Wallet, etc).

Insert the Copy-Pasted Address in the DeBank search box. It displays the information regarding your holdings, transaction history, the worth of the assets, and many more without the need to connect your wallet.

Step 3: Examine your portfolio

So, upon entering your address, you will be able to receive in-depth information related to the crypto assets you own along with their respective summary, including the token balance, funds deployed in DeFi, and others.

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There are several useful options available in the interface; you after crypt technology and examine deals made and trade history.

Step 4: Connect your wallet to use more features (Optional)

Connect your wallet by selecting the “Connect Wallet” option to enable the more capita aspects.

Select a supported wallet (Metamask, WallatConnect, etc.).

Other options such as creating a Web3 account, Twitter merger, data amalgamation from varied wallet addresses, and other profiles or following users can also be used upon connection.

Step 4: Use Advanced Tools (Optional)

Now that your wallet is connected, two options are available to you to explore DeBank’s advanced options, including cross-wallet asset management, DeFi investment supervision, and others.

These aspects allow for a better understanding of your positions and improve UX.

Step 6: Manage Your Preferences

Change some settings and manage preferences so that DeBank is more suited to your needs.

Please use the online tools to add or remove users, modify your account, and connect to other social profiles.

When you follow the above steps, it is possible to reap the benefits of DeBank and manage your cryptocurrency portfolio even with no wallet connection.

How Does DeBank Work?

How Does DeBank Work?

DeBank has a handy yet free feature that does not require connecting your wallet.

All you have to do is type in any public crypto addresses in the search box, and all the assets, transaction-related data, and everything else will be summarized.

  • Copy your public crypto address from apps like Metamask or Trust Wallet.
  • Go to DeBank and enter the copy into the search bar.
  • Check your balances, worth, account history, etc.

You can join your wallet and install the free app to use extra functions.

You can set up a Web3 account with Twitter, track several wallets, and keep track of other profiles.

All of them are free of charge and optional – you may still use DeBank even if you do not connect your wallet.

What Can You Track?

In addition to tracking all the activity in your wallet, DeBank also aggregates the data from multiple wallets to give you a complete view of your crypto assets with the ” Bundle” feature.

This is important when monitoring your active positions across the various DeFi protocols.

  • More than 35 Blockchain (we stand ETH, BSC, AVACHAIN, POLYGON, FANTOM, and others)
  • As of this moment, 1369 protocols. You can check out the entire list on this page.
  • DeFi protocols, portfolios of NFTs, token trading, network margin enabled trades, stablecoin exposure, dexes, and more market players users.
  • See gains and losses.
  • The overall trading history is provided
  • Users can observe the wallets of friends, whales, or known personalities

DeBank Features

Benefits of Using DeBank

Tracking of portfolio without using a wallet

DeBank makes it possible to keep an eye on your cryptocurrency portfolio without the hassle of connecting your wallet for an added layer of privacy and security.

Just enter your public crypto address to see the assets you hold the value of and the history of transactions related to the address, reducing the chances of theft.

Platform’s Detailed Information on Every Aspect of DeFi

Every detail of your crypto assets is captured on DeBank, including the precise amount of each token held, the yield farming positions taken on, and the amount of lending actively done.

It has the support of many of the dapps in the market, making it possible to manage your assets on various sites from one dashboard.

Additional Features Are Optional and Optional to the Users

Connecting with their wallets enables the users to utilize other features such as building a web3 profile, social sign-on with Twitter, and combining wallets with other services.

They don’t come at an extra cost, but they are mostly what you would get with such an offer as linking you to your wallet.

Comparison with Other Portfolio Trackers

FeatureDeBankZapperZerionDelta
Wallet-Free TrackingYes, view portfolio without connecting walletNo, requires wallet connectionNo, requires wallet connectionNo, app requires account creation
Supported WalletsMultiple wallets (Metamask, Trust Wallet, etc.)Multiple wallets (Metamask, WalletConnect)Multiple wallets (Metamask, Ledger, etc.)Multiple wallets (Metamask, Binance, etc.)
DeFi Protocol IntegrationExtensive, supports numerous DeFi platformsExtensive, supports numerous DeFi platformsExtensive, supports numerous DeFi platformsModerate, focuses on portfolio management
Advanced FeaturesOptional Web3 profile, Twitter integration, and multi-wallet aggregationAdvanced DeFi tools, yield farming, and portfolio insightsAdvanced DeFi tools, trading, and investment insightsIn-depth asset tracking, news, and alerts
User InterfaceUser-friendly, minimalistic designUser-friendly with a focus on DeFi toolsClean, modern design with DeFi focusUser-friendly, offers both web and mobile apps
Mobile App AvailabilityYesNoYesYes
Social and Community FeaturesYes, follow other users, create profilesNoNoNo
CostFree with optional featuresFree with optional featuresFree with optional featuresFree, with premium options

Conclusion

DeBank is a multifunctional crypto portfolio tracking tool that allows users to track their funds without a wallet and offers many advanced tools.

Thanks to a range of wallets and support for numerous DeFi protocols, DeBank gives you a complete picture of all your crypto investments.

Its optional functions, like making a Web3 profile and linking the app to social media, are beneficial for user experience but not for user safety.

A rookie in the cryptocurrency market or a third or advanced user who wishes to track all aspects of the DeFIs available at Dekbank is a perfect solution for customers with different needs and levels in the crypto scene.

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ByNick Jonesh
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Nick Jonesh Is a writer with 12+ years of experience in the cryptocurrency and financial sectors. He writes for the coinroop on the same topic of cryptocurrency, including technical stuff for IT folks and practical guides about everything else for the real world. Nick's clear writing is a direct response to the new, crypto financial landscape.
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