Last month we launched Cryptorai, a cryptocurrency portfolio tracking and market data application, on Google Play and iTunes. Without any marketing push, Cryptorai was downloaded in 24 different countries, and we are very thankful for the support of our early users.
In last few weeks, we strengthened our infrastructure, redesigned our UI, integrated 50+ exchanges and 1500+ coins, and added some key features based on user feedback. Today, we are proud to announce the next, improved version of Cryptorai, an app that we strongly believe will redefine your cryptocurrency investing and decision making experience.
Why did we build another cryptocurrency portfolio tracking app?
Existing apps do a good job at providing basic portfolio and market information, but lack in critical privacy, accuracy, speed, and user experience features. Our aim is to create an app that not only provides our users best-in-class experience but also ensures data privacy to protect them from bad actors and possible loss of funds.
Privacy — This is the biggest gap in the existing apps. Most of them store users’ data at their servers and even though they claim that they do not sell customer data or use aggregated information for their own trading purposes, such assurances are insufficient as big, centralized honeypots of customer trading information with potential of future misuse are still being created. While it is anonymized, this missing link to identity can easily be fixed by merging it with any exchange data. A breach at this level will be unprecedented, in volume as well as impact and may result in severe loss of funds for the users.
Differentiator 1: Cryptorai will never access any user’s transactions data. User’s data will stay on the user’s device or their cloud drive for backup and syncing.
We achieved some unexpected benefits due to this approach regarding security and scaling that will be shared in a separate post. Stay tuned for some exciting security-oriented features.
Accuracy — A frequent user feedback in most of the existing apps is inconsistent reporting of portfolio numbers. Part of it is due to the immature market, but we found a huge scope for improving portfolio and profits calculations. Cryptorai provides overall profits at the portfolio level, realized and unrealized gains for each coin, etc. and will add more analytics features in future releases.
Differentiator 2: Accuracy, advanced analytics, and real-time data
Convenience: Syncing your data to another device should not take two days, and investors should not waste their time adding transactions manually in a tracker. We support cloud back up and sync across unlimited devices, CSV and exchange API transactions import, fee deductions, transfer between exchanges, etc. to free up your time so you can focus on more important things like finding the next trading opportunity.
Differentiator 3: Minimum work for our users to enter transactions, transfer across devices so you can focus on more important things like trading.
What’s next?
Some of the features that are in development currently — web interface, advanced charts and analytics, ICO tracking, customized alerts, and many more.
What is our business model?
Well, it can’t be ads or selling customer data because we don’t have it. We plan to launch a pro version soon for the users who want to support us and are looking for advanced features like multi portfolio, in-depth analytics, etc. Our current features will always be free, and we believe that community support will enable us to create a sustainable business model without accessing or selling customer data.
We aim to give our users the best possible experience in the crypto world, and we know we have a long way to go. We also know that this would be an impossible task without the support and feedback from our users. Please join us at Telegram, Twitter, or Facebook and let us know what you think.
Download Cryptorai from iTunes
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