![]() ![]() The service is by no means perfect, especially for those of us who have been involved in crypto since before 2017 and have transactions and coins scattered across dozens of exchanges (some of which are now shut down). ![]() This tax feature launches today, starting at $29.99 for a tax report of less than 100 transactions and pre-populated IRS Form 8949, all the way up to $999.99 for unlimited transactions including prior years. The existing features, which are syncing with exchange wallets, showing you your performance over time and collating your transaction history into one list will remain free for anyone to use. Keeping track of cost basis and capital gains allowed CoinTracker to create another sought after feature, which is the ability to optimize tax filings by computing capital gains reports using FIFO, LIFO or HIFO accounting. Having its hands in all of this transaction data allows CoinTracker to essentially detect when you transfer crypto between different exchanges or wallets, which means it can keep track of the cost basis and capital gains of your whole portfolio, regardless of where your crypto is being held. If you hold other coins (they support and pull prices for 2,000+) you have to enter those manually, inputting how much you paid for them and on what date. You start by connecting its to every exchange you use (they currently support 13), but can also add the public address to any wallet that holds Bitcoin, Ethereum, Litecoin and Dogecoin and it will automatically read the balance and update it in your portfolio. But that only works if you’re meticulous about recording each transfer and trade and have been so since you made your first crypto purchase.ĬoinTracker tries to automate this process. Today most crypto-enthusiasts try to do this using complicated and bloated Google spreadsheets. Part of YC’s Winter ’18 class, it’s a platform to track your crypto across all exchanges, wallets, and even currencies. This means that the options for tools to help hold, track and manage your cryptocurrency are still pretty slim.ĬoinTracker is one of the recently launched startups trying to help. ![]() It’s no secret that the cryptocurrency market cap has grown faster than the broader crypto industry. ![]()
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