If you’ve ever fancied being able to keep all your wallets and crypto stashes in one place, Spot might be the right app for you.
Hardcore crypto investors likely have several wallets to look out for. That means plenty of email addresses, usernames, passwords and other data that can easily be lost or unaccounted for, especially if there’s lots to remember. The higher the number of wallets, the greater your risk of getting hacked, and nobody wants that, which means you need a new way of keeping all your accounts together to ensure your information is easier to track.
Keeping Your Crypto Together
Spot is a new cryptocurrency mobile app that’s designed to monitor your entire portfolio. Upon installation to your phone, Spot immediately connects to all your cryptocurrency wallets by adding public addresses. It doesn’t matter if your currencies are stored in hardware wallets; Spot can still confirm the public details and add them to your dashboard.
While this is the app’s primary claim-to-fame, CEO Edouard Steegmann says that the team behind Spot is working to add additional crypto-based features that they’ll reveal in the comings months. He states:
“Spot’s vision isn’t to build a portfolio tracker. We went a bit overboard with this feature. Eventually, we want to become the app that manages all your cryptos, a sort of Revolut but with a crypto DNA. We have our own nodes on Ethereum, Bitcoin, Litecoin, Stellar and others to recover the amounts on your wallets.”
Spot also allows customers to connect to any exchange with specific API keys. At the time of writing, Spot supports Kraken, Bitfinex, Binance and Poloniex, but Steegmann assures customers that they’ll be adding support for more exchanges in the future.
The dashboard allegedly boasts an easy-to-read layout that offers customers an overview of all their holdings across all their individual wallets and services. Users can see detailed charts of their wallet funds and see which currencies perform better than others.
Steegmann believes it’s important that customers have full access to all their information regardless of the time or date. Thus, the company doesn’t rely on an API to get pricing done, and it doesn’t subject users to any API rate limits.
Building the Future of Digital Trade
Steegmann claims the company has “rebuilt CoinMarketCap from the ground up, and we’re one of the few companies that have done it.”
Presently, Spot stores pricing information for approximately 150 different crypto pairings. The team is now working on upgrades that will allow customers to trade directly through the app.
Is Spot a platform you would utilize? Why or why not? Post your comments below.
Image courtesy of Shuttershock