With the introduction of blockchain technology, promises of a decentralized world, the world is gradually and slowly moving away from the shackles of the past.
But a question keeps coming to mind, which is
How do we keep track of it all?
Digital currency came into existence to make payment as easy as possible, and as each day passes, more of these said digital currencies, are created.
Over time, our various portfolios keep on increasing, becoming harder to track and returns calculations do not make this easy.
Keeping that in mind, ROI is not usually all we are concerned with, but also taxes incurred when generating these funds and profit making.
From everything presented, history has shown us that, if there is anything that man excels at, is a way to make life, living
A team of talented individuals took it upon themselves to create a platform that would make this easy and user-friendly.
Thus CoinTracker was created.
CoinTracker is a unified interface for cryptocurrency. It lets crypto holders connect their wallets and exchanges, see their portfolio, wallets, and transactions in one place, and generate their cryptocurrency tax returns with the click of a button.
CoinTracker
From trading in exchanges, and to storing in different types of wallets, it becomes almost impossible to keep track of our various portfolios.
CoinTracker hopes to solve all this with a click of a button, saving us the time to download CSVs on our various transactions, while trying to sum up and subtract our profits and losses.
It uses a read-only device to access your portfolios, thereby alerting you of any and every change that takes place within the connected accounts.
You have control of your accounts even when you are not online.
Cryptocurrencies supported include BTC, ETH, and 2,500+ coins from your wallets and exchange. This way, you are always alert even when not active.
Signing up was made as easy as possible by providing three different options to create/own an account.
Using an existing Coinbase account
An existing Google account and
The usual signup using a password and active email.
For the blog, I am going to use The Google Account
To access CoinTracker, visit https://www.cointracker.io/
Click on Get Started, as a new user to the platform,
A new page will be open to you, having the three different options we mentioned earlier.
Click on your preference.
Remember, CoinTracker operates on read-only access.
Your password and keys are safely secured and not used in any way.
Your account page is made up of different features that would make managing your portfolios easy and user-friendly.
Dashboard
Performance
Wallets
Transactions
Dashboard
It shows your total net profit,
Market value, this shows the total worth of your account at any period in time, cryptocurrency works with the principle of supply and demand, with this you can't predict the price of any coin at any period in time.*
Cost basis, this is the initial amount the account is worth. With this, you are able to calculate how much interest/loss you made at any period in time.*
Net fiat, this is the total invested amount in your local currency*
Performance
As the name says, it shows how much your asset has gone up over a period of time, and it also shows the highest amount your portfolio had at any given time
Wallets
The option to add wallets, exchanges, and import/export of CSV files can be found here
Along with a synchronize button, to sum-up your total assets.
Transactions
Nothing is more fun to do when it comes to account compiling than being able to search for a particular transaction.
To do this, users can search for transactions with different filters.
For mobile use, CoinTracker currently supports IOS and Android mobile devices which can be downloaded from the links below or searched for via their various market stores.
Bothered about how to keep track of your cryptocurrency portfolios? Then, CoinTracker is what you need.
To understand more about CoinTracker, use the below links
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only.