Cointracking Tool Review : Pro Or Cons 2023 Updated

What is Cointracking Tool?

Coin Tracking Tool was founded in 2012 and went online in April 2013 as the world’s first cryptocurrency tax reporting tool and portfolio manager. The company was started with the goal of making cryptocurrency traders’ lives easier – not only during tax season.

Cointracking is a cryptocurrency portfolio tracking and management tool. It helps users track and manage their cryptocurrency investments by connecting to various exchanges and wallets where they hold their cryptocurrency and automatically importing their transaction data.

The tool organizes and presents this data in an easy-to-read format, allowing users to see their overall portfolio value, track their gains and losses, and generate reports for taxes. Additionally, Coin Tracking Tool also provides price alerts, and analysis of the market trends and performance of different cryptocurrencies, which can help users make better investment decisions.

Some Important Points Of Cointracking

Cointracking Tool Price

Coin Tracking Tool is a powerful online charting platform used by traders and investors around the world. The cost of the platform varies depending on which plan you choose. The basic plan starts at $12.99 per month and goes up to $19.99 per month for the Pro plan. There is also an Elite plan which costs $69.99 per month. All plans include access to the full range of features, including real-time market data, advanced charting tools, technical indicators, and more.

Cointracking has four unique account tiers:

Free

Pro

Expert

Unlimited

How To Use Cointracking Tools?

Below Is Step To Use Cointracking Platform

1. Create an account: Sign up for a Cointracking account by providing your email address and creating a password.
2. Connect exchanges and wallets: Connect to the exchanges and wallets where you hold your cryptocurrency. Cointracking supports multiple exchanges and wallets, including Binance, Coinbase, and others.
3. Import transaction data: Coin portfolio will automatically import your transaction data from the connected exchanges and wallets.
4. View your portfolio: The tool will organize and present your transaction data in an easy-to-read format, allowing you to see your overall portfolio value and track your gains and losses.
5. Set up price alerts: Set up alerts for specific cryptocurrencies so you are notified when the price reaches a certain level.
6. Analyze market trends: Use Cointracking’s market analysis tools to research the performance of different cryptocurrencies and make better investment decisions.
7. Generate tax reports: Cointracking generates reports for taxes, which can be helpful for users who need to file their cryptocurrency gains and losses with their income taxes.
8. Access from mobile: Use Cointracking mobile app to access your portfolio from anywhere, anytime.
9. Monitor your Coin portfolio and make adjustments as needed: Use the data provided by Cointracking to monitor your portfolio and make adjustments as needed to ensure that you are meeting your investment goals.

How Does Cointracking Work?

Coin portfolio is a tool that helps users track and manage their cryptocurrency portfolio. It works by connecting to various exchanges and wallets where users hold their cryptocurrency and automatically importing their transaction data. The tool then organizes and presents this data in an easy-to-read format, allowing users to see their overall portfolio value, track their gains and losses, and generate reports for taxes. Additionally, Cointracking also provides price alerts, and analysis of the market trends and performance of different cryptocurrencies and helps users to make better investment decisions.

Is Cointracking Safe?

The Coin Tracking Tool website has an SSL certification, and your data is fully encrypted. The platform also uses two-factor authentication, and it doesn’t require access to your exchanges, so your crypto portfolio stays secure.

And while most crypto tax software needs an email, Coin portfolio only requires a username, allowing you to remain completely anonymous.

Cointracking Features

Multiple tax forms

While some crypto tax software only generates Form 8949, Coin portfolio also personalizes Schedule D, Schedule B, Schedule 1 and Form 1040 as part of your tax report.

Professional Support

The tool provides access to the tax laws of over 100 countries and allows users who are not ready to cope with tax reports themselves to get assistance from crypto tax advisors or order a report created by the representative of the Full-Service team. There are also different tutorials, video guides, and FAQs for beginners.

Multiple payment options

Coin Tracking Tool accepts the most payment methods of any crypto tax software we’ve seen so far. Pay with a credit card, bank transfer, PayPal, Google Pay, SEPA and more than 50 altcoins. Plus, BTC payments get a 5% discount.

Lifetime plans

Instead of annual or biannual subscriptions, opt for a one-time payment to get lifetime access to the platform. Keep in mind that Coin portfolio plans have a lifetime transaction total.

High-security level

The software provides data and API encryption as well as offers to protect sensitive and financial data with 2FA. You can also create and restore trade backups and can import any data from exchanges without providing access to them.

Organized and easy-to-read portfolio overview:

The tool organizes and presents users’ transaction data in an easy-to-read format, allowing them to see their overall portfolio value and track their gains and losses.

CoinTracking Pros & Cons

CoinTracking Conclusion

Overall, Coin Tracking Tool is a great platform for traders of all levels to gain access to the markets and to research and analyze market data.

CoinTracking Tool FAQ