CoinTracker: Cryptocurrency Portfolio & Tax Manager Tracker?

CoinTracker is a cryptocurrency portfolio and tax manager that lets you securely and automatically sync your transactions. Find out how it works today in our review.

What Is CoinTracker?

CoinTracker, found online at CoinTracker.io, makes tracking your cryptocurrency portfolio easier than ever before. The goal of the platform is to help you track the value of your portfolio while also organizing your crypto data for tax purposes.

The primary function of CoinTracker is to securely auto-sync your transactions so you never have to manually enter a trade again. You can track the performance of your portfolio over time. You can also track every transaction for tax purposes.

CoinTracker was launched in 2017. The company is based in San Francisco.

How CoinTracker Crypto Portfolio & Tax Manager Tracker Works

CoinTracker connects with all major cryptocurrency exchanges with read-only access. This read-only access allows CoinTracker to monitor your cryptocurrency portfolios automatically. CoinTracker will track every transaction you make, every time you buy and sell cryptocurrencies, and your active holdings in any currency on that particular exchange.

CoinTracker supports Binance, Bitfinex, Bitstamp, Bittrex, Coinbase, Cryptopia, GDAX, Gemini, HitBTC, Huobi, Kraken, KuCoin, Liqui, Poloniex, and other popular cryptocurrency exchanges.

The overall goal of CoinTracker is to give you at-a-glance information about your current portfolio, your return on investment over time, and other information. In total, CoinTracker supports over 2,000 cryptocurrencies.

Technically speaking, CoinTracker syncs with exchanges through API keys. You create API keys on your exchange accounts, then provide those read-only API keys to CoinTracker. Meanwhile, CoinTracker connects with Coinbase using Coinbase’s OAuth2 flow (Coinbase Connect), which offers read-only access to your Coinbase portfolio.

Cryptocurrency prices are updated multiple times per hour.

CoinTracker is not available through an iOS or Android app. The platform is currently only available through your web browser. However, the company plans to launch native iOS and Android apps in the future.

CoinTracker is totally free to use. The company doesn’t even charge for its tax reports, although they do have tax plans ranging from $49 to $149 for traders requiring more advanced tax calculations. CoinTracker plans to continue offering the service for free in the future.

CoinTracker Features

CoinTracker emphasizes all of the following features:

Calculate Crypto Taxes:

CoinTracker will calculate your cost basis and capital gains based on every transaction you’ve made across all connected exchanges. You can download your transaction history for free. Or, you can purchase a filled-out IRS Form 8949 that’s ready to submit to the IRS.

Secure And Automatic Syncing:

CoinTracker syncs your balances, transactions, and ERC20 tokens from your local wallets and exchange accounts. CoinTracker has read-only access to your accounts, so your funds are not at risk of being stolen.

Track Performance:

Track the current value of your crypto portfolio, your ROI over time, and other information.

Track All Transactions:

Visualize how your cryptocurrency has moved between wallets. See every transaction on all exchanges and wallets from a single convenient location.

CoinTracker Pricing

CoinTracker is free for anyone to use at the most basic level. However, you can purchase advanced plans for more advanced tax calculations. Here’s how the plans break down:

Free

• Automatically syncs with wallets and exchanges
• Get a CSV of your total transaction history

Hobbyist ($49)

• Automatically syncs with wallets and exchanges
• Get a CSV of your total transaction history
• FIFO cost basis methods
• 100 transactions for tax purposes
• Capital gains report
• IRS Form 8949
• Export to TurboTax
• Cost basis per transaction
• Referral to affiliate crypto tax advisor

Basic Trader ($149)

• Everything in the Hobbyist plan
• FIFO, LIFO, or HIFO cost basis methods
• 1,000 transactions for tax purposes

Active Trader ($399)

• Everything in the Basic Trader plan
• 4,000 transactions for tax purposes

Pro Trader ($999)

• Everything in the Active Trader plan
• 15,000 transactions for tax purposes
• Priority customer service

CoinTracker also has a custom plan listed under the name “Satoshi”, where you can get all of the features above, priority customer service, and unlimited transactions. Prices for this plan are not listed, but they will be customized for each client.

Who’s Behind CoinTracker?

CoinTracker was created by a company named Nino Finance. The company was founded by Chandan Lodha and Jon Lerner. Chandan previously worked as a Product Manager at Google, where he worked on Project Loon. He graduated from Harvard University.

Lerner, meanwhile, co-founded and served as CTO of TextNow as well as an engineer at Google. He graduated from the University of Waterloo.

CoinTracker was founded in the San Francisco Bay Area in July 2017.

CoinTracker Conclusion

CoinTracker is an advanced cryptocurrency portfolio tracking app and tax calculation solution. The platform connects to your exchanges and wallets with read-only access, then automatically updates your dashboard with all transactions and holdings across all connected exchanges. The service is free to use, although you can pay to access more advanced tax calculation features.

To learn more about CoinTracker and how it works, visit online today at CoinTracker.io.