For every trader, a cryptocurrency tracker is one of the features that are very useful and needed. Cryptocurrency tracking machines usually work to provide information from all your exchanges and wallets. Every trader can see in a flash how the portfolio performance is shown through the tracking machine.
However, not all tracking machines can work optimally to transform all information to you. If you are a trader who is looking for a crypto tracking platform, then CoinTracker.io can be one of the reliable tracking machines at the moment.
In this article, we will cover the detailed aspects of the CoinTracker and its features, its working, pros and cons, and much more. Let us look into detail in this CoinTracker review now,
Cointracker was founded on August 22, 2017, by Chandan Lodha and Jon Lerner. The company is based in San Francisco, California. It works as a portfolio and tax manager for virtual currencies. It specializes in accounting, fintech, blockchain, digital currencies, and some other financial services.
CoinTracker io is a crypto tracker that comes with an amazing array of features. It has the import and export of CSV files capability backed by auto-synchronization. The system comes with an inbuilt tax form generator.
The great thing about CoinTracker is that you do not need to manually input your transactions. It will automatically track everything and organize it so that you are able to file your taxes in an appropriate manner.
CoinTracker has one free plan and three paid ones which can be listed below:
CoinTracker offers mobile apps for both iOS and Android. The apps are generally easy to use and have interfaces that are quite intuitive. However, the apps are missing some key features such as the ability to access certain charting tools and a dark mode.
It also lacks the time-period adjustment for your transaction history. However, the mobile apps are adequate in supporting features that can help you keep track of your portfolio on the go.
CoinTracker provides an easy way of generating tax forms. Start by connecting to your cryptocurrency exchanges and wallets to CoinTracker. A key advantage of CoinTracker over other services is that it supports over 300 exchanges. On your dashboard, select the exchange you want to connect.
If you have off-exchange cryptocurrency wallets, you can use the “Add Wallet tab” and enter your wallet address. Once done, specify the digital asset the wallet stores. The service supports 2,500+ coins including ADA, BCH, BTC, DASH, DOGE, EOS, ETC (including ERC20 tokens), ETH (including ERC20 tokens).
Once you feed CoinTracker with the required wallet data, it syncs it automatically. Depending on your needs, you can select your accounting method and specify your crypto income source. Some of the common sources include Airdrops, Payments, Mining rewards, or blockchain forks.
Also Read: Coincodex Review – One Stop Solution For Your Crypto Needs
Compared to the competition in the market, generating tax forms from the CoinTracker is expensive. However, CoinTracker offers a better value proposition with a wide range of tax calculation features. the application offers additional features that are hard to find anywhere else
It is also worth noting that the CoinTracker crypto tracking App can integrate with a wide range of tax accounting software. One of the main features of the system is its ability to sync with most major crypto exchanges and wallets. This makes it worth subscribing to the available plans depending on individual needs.
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