Welcome to our CoinTracking Review!
There has been some buzz about this company so we decided to investigate what it was all about…
Some say it’s a scam while other CoinTracking reviews are saying legit so what is it?
The good news is, we are going to walk you through the company and their special features with all pros and cons so you can make right decision.
Let’s start now, shall we!
CoinTracking Review
CoinTracking is among the most feature-rich cryptocurrency portfolio and tax trackers. Not only does CoinTracking maintain an incredible web based platform, they offer a mobile app for both Android and iOS phones. The CoinTracking app was revamped of late in September 2017. They also offer reporting for tax purposes, which is an enormous benefit bearing in mind governments are going to start cracking down on people those who avoid paying taxes on their gains. A few of the most important features of CoinTracking are broken down in detail below.
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Exchange and Wallet Tracking
CoinTracking allows tracking your transactions from Exchanges and wallets super simple. They support approximately 30 exchanges, 5 specific wallets, and general wallet imports from the actual blockchains at the time of this writing. The 2 primary ways to import transactions to CoinTracking are manually by using a CSV file or automatic by using an API.
Even though the method OF CSV is manual, they offer clear instructions for how to export a report from your exchange or wallet and how to upload it.
The easiest and more automatic process is setting up an API access as compared to a supported exchange. You will require the paid version of CoinTracking to use this feature. There are settings that allow you to check for new trades daily, or you can manually run a job as and when you need to.
CoinTracking Tax Reporting
This CoinTracking feature is very important for those who live in places that are cracking down on tax reporting of cryptocurrencies. They offer varied options for preparing a report, so you can easily create one that will fit your reporting needs.
You will have the alternative to load the regular report or load a very detailed version once you run a tax report. It also separates out Income, Gifts, Capital Gains, Lost/Stolen, etc. into their own separate reports.
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Misc Features
There are several features offered by CoinTracking. Other great features include a nice dashboard page that shows much detailed information. There is also a nice timeline feature that displays when you first used an exchange or bought a certain cryptocurrency. Here is a review that we did on many of the cryptocurrecncy coins.
CoinTracking also present some basic research tools and charting. Also, there is a current balance report that shows your portfolio that allows you to see the trend of each cryptocurrency in your portfolio for 1hr/24hr/7d/30d while in the CoinTracking Tool.
Finally, CoinTracking includes several reports to show balances by exchange and by currency. CoinTracking also offer you with trade statistics, trade analysis, and the current realized/unrealized gains for each cryptocurrency in your portfolio. CoinTracking in fact gives a comprehensive overview of your portfolio, and they are continuously improving.
CoinTracking Account Plans
There are three different account plans for CoinTracking. The types are Free, Pro, and Unlimited. You can purchase 1 year, 2 year, and lifetime subscriptions. Even though the Free version has an ‘’X’’ for tax reports, it will allow you to run a tax report as long as you have less than 100 trades!
Summary
CoinTracking is among the best cryptocurrency portfolio and tax trackers. The CoinTracking mobile app is great and has an incredible widget to allow you to get a quick glance of your portfolio from your phone or tablet.
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