Blockchain technology started with Bitcoin as the only cryptocurrency ten years ago. But after the introduction of bitcoin, thousands of cryptocurrencies have come into play. Even as each day moves by new cryptocurrencies are being added.
As someone who is into the world of cryptocurrencies, it sometimes becomes so hard to keep track of all your crypto holdings and also the various transactions you make over a period. Most people use the traditional way of keeping records by jotting their entire operations on the blockchain in books and other manual spreadsheets. Even though these traditional ways help out, it really demands a lot of time. Spending a large amount of time to keep track of all your crypto holdings and all the various transactions you make, when all that time can be used profitably to make more interest on your crypto holdings is not worth it.
Let me introduce you to the new blockchain technology that helps you to keep track of all your crypto holdings, transactions, and the various taxes you pay on these transactions. CoinTracker.io is the name of this blockchain technology.
What Is CoinTracker.io
CoinTracker.io is a platform that uses blockchain technology to display all of the information of your cryptocurrencies. This platform tells you how well your cryptocurrencies are doing, the various transactions you have done over a period of time, and automatically generate your tax forms. CoinTracker.io was founded by two former Google employees: Chandan G. Lodha, who was an Associate Product Manager at Google, and became the Product Manager in 2015 and Jon Lerner, a software engineer at Google.
Chandan G. Lodha and Jon Lerner created this platform to make your crypto portfolio management easy by bringing all your cryptocurrencies under one umbrella and also keep track of every transaction you make and above it all helps you out with your crypto taxes.
At CoinTracker.io, portfolio tracking of your cryptocurrencies are free, but if you want to have a feel of the tax form generation feature on the platform. you have to pay so you can use it.
Features Of CoinTracker.io
As a new user to the platform, after logging on to their website here. The following are the features you come across on the platform;
Pricing
This feature displays the various subscription plans of CoinTracker.io. CoinTracker.io platform has four subscription plans which include Hobbyist, Trader, Pro, and Satoshi.
The Hobbyist Plan is the cheapest among all the four subscription plans of CoinTracker.io. With the Hobbyist plan, you pay 49$ per year and in this plan, you will be able to analyze 100 transactions. The next cheapest plan after Hobbyist is the Trader Plan. With this plan, you pay 199$ per year and you get to analyze 1500 transactions. The pro plan allows you to analyze 5000 transactions paying 499$ per year and finally the Satoshi plan which is the last plan allows you to analyze 15,000 transactions paying 999$ per year.
Crypto Tax Guide
This feature allows you to read and learn about how the various cryptocurrencies are taxed. It serves as your guide to know a lot about the taxes you pay on your cryptocurrencies.
Sign in
This feature allows users that have already signed up on the platform to access their account so that they can see how well their cryptocurrencies are doing.
Resources
The feature is located at the bottom of the platform when you logon to it for the first time, and it allows you to access security information about CoinTracker.io, the various careers that are available for hire by the platform and all you want to know about CoinTracker.io
Mobile
This feature allows you to get their application on your phone either android or IOS
Social
This feature allows you to access their various social media platform to read more about the various happenings on the platform. You can access their Blog, Telegram, Reddit, Twitter, and Facebook platform.
Getting Started with CoinTracker.io
To be among the users of CoinTracker.io, all you have to do is to,
- Logon here
- Click the Get Started button
- Choose from among the 3 options the process you want to sign up with
- Fill all the necessary details and click register
- You will have to confirm with your mail if you chose the email option
- Now sign in and start bringing all your cryptocurrencies under one umbrella.
Conclusion
CoinTracker.io is really a platform for you because it helps you to bring all your cryptocurrency holdings under a uniform umbrella and makes it easy for you to monitor and manage all of your cryptocurrencies in one go. You also get see all transactions you make and the various taxes you pay on every transaction you make.
No more spending time keeping track of your cryptocurrencies, join CoinTracker.io for all the amazing offers they have for you.
References
All images used are the property of CoinTracker.io
DISCLAIMER: 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. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.