CoinTracker is an innovative application designed to simplify the management of cryptocurrency investments by allowing users to monitor their portfolio and returns in a consolidated view. This platform offers a detailed history of transactions, crypto balances, and other essential data all in one convenient place. It supports a wide array of exchanges, wallets, and over 2,500 cryptocurrencies, making it a versatile tool for anyone involved in the digital currency space.
One of the standout features of CoinTracker is its capability to streamline the tax reporting process for cryptocurrency investors. The application computes the cost basis and capital gains, which can be greatly beneficial during tax season. Users have the option to choose one of the tax plans to save time or can opt to download their transaction history for free, which can help reduce the hassle of tax preparation significantly.
Security is a top priority for CoinTracker, ensuring that users can sync their wallets and exchange accounts effortlessly and securely. The application automatically synchronizes balances, transactions, and ERC20 tokens, enabling real-time tracking without compromising the safety of users’ funds. CoinTracker only requires read-only access to user accounts, ensuring that all financial information remains protected.
The ability to track performance and visualize all transactions is another key benefit offered by CoinTracker. Users can assess their cryptocurrency investments with a comprehensive overview of their portfolio, including return on investment over time. The application provides insights into how cryptocurrency moves between different wallets and exchanges, ensuring that every transaction is easily accessible and transparent.