CoinTracker.io is a tax manager for more than 2,400 cryptocurrencies and also acts as a portfolio manager. CoinTracker possesses the unique ability to auto-syncs transactions and present user's performance at a given period for the portfolio in an integrated or unified dashboard. This dashboard functions as the crypto portfolio tracking tool to access if you want to add features of tax filing.
This smart feature has made it more advantageous, in addition to market caps, tracking prices and historical information about cryptocurrencies. The amazing CoinTracker allows you to take a record of your crypto portfolio across all wallets, exchanges and even currencies and aids you avoid the complicated and distended Google spreadsheets which of course Google spreadsheets functions if you are accurate about recording each transfer and trade you make, CoinTracker was created to deal with this inconvenience.
How does CoinTracker.io work?
The first step is to start connecting your exchange wallets into the CoinTracker account. For now, the crypto tracker supports only 14 crypto exchanges, but besides that, you can include any public address to any wallet that accepts Bitcoin, Litecoin, Ethereum and Dogecoin and the tool will analyse and display the balance and also update other info in real time.
For the rest of the cryptocurrencies included in the 2000+ supported coins, users will have to add them manually (their names and amount held, the time you purchased them and how much you paid for them), this information will enable you to keep track of the value of the coins. That's not all since it takes note of when you transfer crypto between various wallets or exchanges, individuals are able to track their capital gains and cost basis for the portfolio. So this is basically how it works, now let's see how to get started on the platform.
How To Enter trades On CoinTracker.io
First of, you have to sign-up on cointracker.io if you haven't, after that, you log in to your account, the first step is to enter your desired coins, to enable CoinTracking to track them. Just below where you see "Enter Coins" in the navigation, you will see all the necessary functions for you to do this.
Click on the navigation bar on Enter Coins.
You will be directed to the main page where your coins will be tracked. Now you will see that your Trade Table is empty because you have not added any coin. It's really simple, now we shall be looking at how to fill in your trades and these process can be done in three different ways. Firstly, we shall be looking at the manual method.
Alternatively, after signing up, you will be directed to the main page, then you click on performance right above the page where you will be directed to a page where you'll see add exchange, add wallet, there you can carry out whatever transaction you want to.
Enter Coins manually
The manual method allows users to easily enter their trades. All you need to do is click on the New button to add a new trade.
For instance, an individual bought 2 BTC at the rate of 500 USD on October 10th 2015, then you can input in the information as follows:
Sell: 500
Sell Currency: USD
Buy 2
Buy Currency: BTC
Date: 2015-07-10
After saving the information, your first trade will be displayed in the Trade Table.
If you want to make changes, it can be done either directly from the table, or by selecting a trade and then clicking on Edit. Click on Enter or the arrow Button to save the changes you've made. But if you wish to discard changes, you can click on ESC or outside the field to discard the changes.
Selecting a trade and clicking on Delete, will automatically erase this trade. Users can select multiple trades at once (including across multiple pages) but holding the SHIFT + CLICK or CTRL + CLICK.
The platform allows individuals to comment on every single trade, but the Comment feature is optional and only for your convenience.
The Mobile App
The mobile app gives you access to get this information instantly. It is available on both Android and Ios platforms.
So there's a simple and easy way to manage your funds and keep tabs on your cryptocurrency activities. You can easily signup.
DISCLAIMER
This is not financial advice, nor is it a promise or guarantee in regards to any outcome that may be produced from the use of the above content. The information provided here is for informational and entertainment purposes alone. It should not be regarded as financial or a piece of investment advice. No individual should make any financial decision without consulting their own financial adviser and conducting their own research first.
Visit these links below for more information
cointracker.io