Key Takeaways
- Crypto wallet trackers are tools that allow users to monitor wallet activity across different blockchains.
- They are great for retail investors, who use them to whales and track their buying or selling activities.
- Researchers and law enforcement can use these tools to track illicit activities and trace stolen funds.
- Some popular examples include EtherScan, BSC Scan, Arkham Intelligence and TokenView.
- Regardless of which use case you choose, crypto wallet trackers are a great place to start
Gone are the days when crypto and crypto transactions were ambiguous to the average person.
Crypto wallet trackers now enable any crypto user to see every transaction happening across the crypto world in real time.
Think of them as tools that allow users to monitor wallet activity across different blockchains.
Anyone, regardless of location, can now view insights into things like transaction history and balances—a perfect example of a blockchain explorer, but with more advanced features.
Why Use a Crypto Wallet Tracker?
Crypto Wallet trackers are great for many purposes, depending on the needs of the user.
For example, retail investors can use them to monitor large holders (also known as “whales”) and track their buying or selling activities.
Security-conscious users can also use them to keep an eye on their own wallets to detect any suspicious activity.
In addition, researchers and law enforcement can use these tools to analyze wallet movements, identify market trends, or even track illicit activities and trace stolen funds.
Crypto wallet trackers make blockchain data more accessible, as transparency becomes more of a reality in the crypto space.
How Do Crypto Wallet Trackers Work?
The basic idea of blockchain transactions is that every transfer is recorded on a public ledger.
These wallet trackers simply pull this data out and present it in an organized and easy-to-read format.
Most trackers include features like transaction history, where users can see all incoming/outgoing transactions for a particular wallet.
They also often come with balance monitoring with real-time updates on wallet balances, as well as address labeling.
Many of them also come with alerts for transactions or balance changes and visualization tools like graphs to help users understand transaction patterns.
Users can then use these features to gain deeper insights into blockchain activity without having to possess any advanced technical knowledge.
Top Crypto Wallet Trackers to Use
Not all wallet trackers are created equal. Some of them are built specially for specific blockchains, while others support multiple networks.
Some are great for NFT tracking, while others are better for crypto. Here are some of the best wallet trackers available today.
1. Etherscan (Ethereum & EVM-Compatible Chains)
Etherscan is the go-to blockchain explorer for Ethereum users all around the world.
This tracker provides insights into all kinds of Ethereum transactions, including wallet balances and even smart contract interactions.
Etherscan features a user-friendly interface and has strong support for all Ethereum Virtual Machine (EVM) compatible blockchains.
It is trusted by the crypto community, as it is actively managed by the Ethereum foundation.
Moreover, it features API access for developers and is best for tracking Ethereum transactions and even tracking gas fees or network activity.
2. BscScan (Binance Smart Chain)
This wallet tracker is very similar to Ethereum’s but is specialized for the BNB chain.
Some of its strengths include its special design for BSC users as well as detailed insights into BEP-20 tokens.
This explorer also features a clean and intuitive interface while being great for tasks like transaction monitoring, Bep-20 token tracking, and analyzing DeFi projects on BSC.
3. Blockchain.com Explorer (Multi-Chain Support)
This wallet explorer supports chains like Bitcoin, Ethereum, Bitcoin Cash, and others. This means that it is a versatile tool for users who wish to track wallets on multiple blockchains
Like the previous two, Blockchain.com is trusted by the crypto community as well as featuring a simple, beginner-friendly interface.
It is great for checking Bitcoin transactions and verifying Ethereum/Bitcoin Cash wallet activity.
Many users also use Blockchain.com to ensure transaction confirmations across networks.
Compared to the others, Blockchain.com also features sections for NFTs, defi, wallets, and even have a section for learning resources.
4. Arkham Intelligence (Advanced Analytics)
Arkham takes blockchain analysis a step further compared to the others. This tool uses AI to analyze and track real-world entities.
It features some of the most advanced analytics and visualization tools and is great for researchers looking to link wallet addresses to real users.
This tool is more focused on deep blockchain intelligence and is best for investigating things like transaction patterns and major crypto holders.
5. Tokenview (Multi-Chain Explorer)
This tool supports an even wider range of blockchains and is great for users who want to track transactions across different ecosystems.
It supports a wide array of cryptocurrencies and tracking tools. Like EtherScan, it also comes with API access for developers.
It is the best option for analyzing cross-chain transfers and monitoring crypto market trends.
Overall
These crypto wallet trackers are great for providing valuable insights.
However, it is important to remember that blockchain data is public, and anyone can see your transactions.
To maintain your privacy, be cautious about sharing your wallet addresses publicly and only use wallet trackers from trusted sources.
Also remember to never input private keys into any tracker. Note that legitimate ones never ask for this.
Overall, whether you want to monitor large transactions or track your portfolio, crypto wallet trackers are a great place to start.
