How the two approaches differ
“Automatic” tracking is not one single method: a service may read an exchange through an API, monitor a public wallet address, or import transactions. Each option has different coverage, update timing and data access. “Manual” tracking means you enter balances or transactions yourself and maintain the record.
Choose based on the trade-off you accept
If you want a quick aggregate view across many accounts and do not mind configuring connections, an automatic service may reduce repetitive updates. If you prefer not to link accounts, want to track only selected balances, or hold assets in places an aggregator does not support, manual entry can be simpler. It is less convenient after frequent activity and depends on careful updates.
Check what a connection can read
Before granting access, check whether a connection is read-only, what information it can access, how it is stored, and how to revoke it. A public address does not reveal signing authority, but it can reveal on-chain activity associated with that address. Manual entry avoids providing that address to the tracker, while still requiring you to protect the device and backups where your record lives.
Manual and connected tracking at a glance
| Aspect | Manual entry | Connected tracking |
|---|---|---|
| Portfolio updates | You enter and reconcile changes. | Balances or transactions sync within the service’s supported scope. |
| Account permissions | No wallet or exchange connection is required. | Requires a supported wallet address, account link or API connection. |
| Coverage | Can include any asset you can record, but depends on your input. | Limited to supported networks, accounts and transaction types. |
| Typical fit | People who want a focused record and accept manual upkeep. | People who prioritize aggregation and accept the access and coverage trade-offs. |
| What still needs review | You reconcile every change against your own records. | You check imported coverage, missing activity and connection status. |