Cointracking is one of the fantastic app that mainly tracks crypto portfolios and profit or loss for tax purposes. It manages to do almost all operations automatically like auto-importing data from exchanges etc. Its main advantage is that most of the companies won’t show interest among all kind of users, but cointracking is very useful among all kind of users such as beginners, an expert or even a company.
Cointracking app got 3 kind of packages such as Free, Pro and Unlimited. If the transactions are below 200, then the trader can use free version. But if it is more than that and less than 3500, then the trader can use pro package. Coin Tracking Unlimited package is the ideal solution for users with many trades. All these packages never allow traders for advertising.
Cointracking not only tracks the cryptocurrencies but also figure out taxes. Traders no need of worrying about the government related issues over the cryptocurrencies as the cointracking program solves it easily by figuring out taxes.
Exchange and Wallet Tracking – Cointracking allows to track the transactions from around 40 exchanges, many wallets. There are two ways to import transactions to cointracking. One is by manually CSV file and the other is automatically using an API key. Manually adding CSV file provides concise way to traders to export a report from exchange and to upload it. Since it is manual, it leads to time consumption and hence trader mostly go for an automated API feature and the user have to pay for accessing this feature.
Tax Reporting – If the government start dealing with behaviour in a more severe way about the taxes of cryptocurrencies, then traders make use different options available for preparing the report that satisfies the government. That too, report generated according to trader needs.
This tax report mainly sorts out various parameters such as tax percentages, margin trades, Capital Gains, Lost/Stolen, Income etc.
Miscellaneous features – Although cointracking provides many feature, the biggest feature will be portfolio and tax tracking. Cointracking’s dashboard page provides detailed information of all. Cointracking got basic research tools and trade analysis using the chart it provides. It clearly specifies the statistics of trade.
Cointracking is a SSL certified and encrypted tool to track portfolios. When compared to other trackers , cointracking provides the complete documentation with email reports on request by traders. Also other trackers need an access to exchanges to import data but cointracking doesn’t need access to any exchange accounts.