Below are some common questions we receive. If you have any other inquiries, feel free to reach out to us here.
1. What’s the difference between tracking your own portfolio and tracking other wallets?
- Tracking your own portfolio, means monitoring your holdings across wallets and exchanges. Checking balances, PnL and performance.
- Tracking other wallets, is about observing what top traders or whales are doing. Allowing you to learn from their moves, get ideas, and decide if you want to follow or react. You can’t trade on their behalf, but you can study their behavior and spot trends earlier.
2. Can I use these tools without connecting my wallet or giving up personal info?
Yes. Many tools let you start by simply pasting in a wallet address to explore. You don’t have to connect your own wallet or use an API right away. Some platforms, like Axiom, even auto-generate a wallet for you when you first use the app. Since you’ll need one to trade or interact on the platform.
3. Do I need to be an advanced trader to benefit from these platforms?
Not at all. These tools are useful at almost any level. However, it helps to have some basic knowledge of wallets, tokens and trading. If you’re brand new to crypto, it’s smart to learn the ropes first. Although if you’ve traded a short time, these tools can definitely sharpen your game.
4. How can I earn money by using a crypto tracking tool?
Through affiliate / referral programs. Axiom, Nansen and CoinStats, all offer recurring commissions when others sign up through your link.
- Axiom also rewards users for trading volume, referrals and completing in-app quests (often in SOL).
- CoinStats offers points and recurring income through referrals.
- Nansen gives affiliates a cut of subscriptions and free access to premium tools.
So while each varies, most let you earn passively just by sharing or using the platform actively.
5. Which crypto tracker is best for mobile-first traders?
Depending on your goals when it comes to trading:
- CoinStats is probably the most polished for mobile use. It’s lightweight, responsive, and built for day-to-day balance checks or portfolio views.
- Axiom is better on desktop, especially for real-time wallet tracking and copy trading.
- Nansen works well on both, but its deeper features are easier to explore on a larger screen.
6. Can I track multiple wallets or exchanges in one place?
Yes. That’s exactly what platforms like CoinStats and Nansen are made for. You can connect multiple wallets and exchanges, to get a full view of your holdings in one dashboard. Axiom, on the other hand, is more about tracking other people’s wallets. Not so much aggregating your own.
7. What is “smart money” and why should I care?
“Smart money” refers to wallets that consistently make strong, well-timed trades. These often belong to funds, early adopters or whales. Tracking smart money helps you see what experienced traders are doing, before it becomes public hype. It’s a way to study patterns and potentially spot winners, before they pump.
8. Is copy trading risky? Should I follow every trade I see?
Yes, copy trading carries risk, like all forms of trading. You never fully know someone else’s reasoning or timeline. It’s smarter to observe, learn, then apply what fits your own strategy. Rather than blindly following every move. Axiom gives you tools to mirror wallets, but it’s on you to decide who’s worth copying and when.
9. Are these platforms beginner friendly or do I need technical experience?
They’re beginner-friendly but with levels. If you’re brand new to crypto, you might want to get comfortable with basic wallets and swaps first. Although if you’ve traded for a few months, and understand how wallets, tokens and chains work. These tools can absolutely help you level up.
10. Do these platforms charge fees, or are they free to use?
All three are free to try. Axiom is free to use, but you’ll pay trading fees when you execute trades through the platform. CoinStats and Nansen have free versions, but advanced features come with a paid plan. If you’re using integrated wallets or DEXs through any of them, expect typical network or trading fees as well.
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