Balancing a full-on schedule and a desire to manage a cryptocurrency portfolio efficiently is a tough task, but one that should not be overly time-consuming with the right approach.

Here, we’ve prepared our top tips for busy professionals looking to oversee their cryptocurrency portfolio in a time-savvy manner.

Use Reputable Exchanges
It may seem an obvious choice, but well-established cryptocurrency exchanges that are open and transparent about their operations are the safest options. Look for an exchange that proactively talks about adherence to regulatory frameworks such as Markets in Crypto-Assets Regulation (MiCA) so that your risk exposure is managed.

Automate Regular Investments
Recurring, automated cryptocurrency purchases via platforms that offer dollar-cost averaging is a solid way of setting up a minimal-effort strategy. It also mitigates the impact of price volatility in the market.

Implement Automated Trading Strategies and Alerts
Pre-built trading strategies are offered by some platforms and if you are confident in setting up your own, many also offer the option to activate custom rules to your own requirements. This reduces the need for constant manual management, as does configuring price alerts that notify you of any significant market movements so that you can react accordingly.

Look into Managed Crypto Portfolios and Index Funds
Some services offer professionally managed crypto portfolios which provide a diversified exposure to the market. The same can be said for crypto index funds and/or Exchange Traded Funds (ETFs) - the aim is to simplify your diversification while reducing the amount and complexity of research.

Choose a Platform with a Robust Mobile App
An exchange with a user-friendly mobile app will allow you to monitor your portfolio easily and manage it on-the-move. When researching exchanges, pay attention to user reviews of the app to see which aligns best with your own specific requirements.

The descriptions provided about the above trends and products are all based on publicly available information, and as such cannot be considered as financial advice or encouragement to invest through them. This is not an exhaustive list. All transactions involving digital assets involve certain risks, which you should familiarize yourself with prior to any investment.