In this article, you'll learn What is CoinTracking? How to Use CoinTracking (Crypto Tax Software)
Cointracking.info is a cryptocurrency portfolio manager and a crypto tax software that integrates with leading cryptocurrency exchanges to gather your trading history which is then used for creating tax reports automatically, supports automatic import.
On Cointracking you can find 25 customizable crypto reports along with Interactive Charts for trades and coins. Moreover, you can file unlimited transactions and try different accounting methods.
In addition to crypto tax reporting abilities, CoinTracking is still a good portfolio tracker as it analyzes your trades in real-time giving you overview of the value of your coins, realized and unrealized gains and much more. It tracks over 7000 coins and supports over 70 exchanges making it almost impossible to trade a coin that is not visible to Cointracking
CoinTracking offers both API and CSV imports to 140 exchanges, wallets and blockchains. It also supports 20 closed exchanges, including BitMarket and Cryptsy, and if your exchange isn’t currently listed, you can import your trades by uploading a CSV, Excel or TXT file.
Coin Charts & Trends
Security & Encryption
Benefits of CoinTracking
Top exchanges for token-coin trading. Follow instructions and make unlimited money
Users can import data from more than 110 exchanges with the possibility of automatic import via APIs. This software supports direct sync with the blockchain and allows exporting files in different formats including Excel, PDF, CSV, XML & JSON.
Tax report generation
The tool allows creating tax reports for over 100 countries taking into account lots of factors including capital gains, income, mining, etc. There are 13 tax methods to choose from including FIFO, LIFO, AVCO, LOFO, HRMC, and others). There is also a tax export for CPAs and the tax office too.
There are 25 customizable crypto reports and interactive charts for trades and coins. You can generate profit/loss and audit reports as well as consider realized and unrealized gains with its help too.
Coin charts and trends
The main advantage of CoinTracking is a full history for all 20,463 coins as well as access to the latest prices for these assets. You can access the list of top coins by trades and volume as well as discover trends, coin statistics, and analysis too.
The tool provides access to the tax laws of over 100 countries and allows users who are not ready to cope with tax reports themselves to get assistance from crypto tax advisors or order a report created by the representative of the Full-Service team. There are also different tutorials, video guides, and FAQs for beginners.
The software provides data and API encryption as well as offers to protect sensitive and financial data with 2FA. You can also create and restore trade backups and can import any data from exchanges without providing access to them.
CoinTracking for Crypto Companies
The Leader for Cryptocurrency Tracking and Reporting
To make life easier for businesses that are involved in cryptocurrency, we’ve created CoinTracking Corporate. CoinTracking Corporate lets you set up accounts for each of your customers and manage their crypto tax data in one easy-to-use interface. You can also create and configure CoinTracking accounts for your employees. Follow the links below to learn about how CoinTracking can benefit crypto CPAs, fund managers, tax firms and other types of businesses that are involved in cryptocurrency.
The process of tax report creation takes a little time and can be completed in 3 simple steps:
3.1. Creation of the account and choosing a plan
You need to put in a user name, password, and email address. Every new user who joins the platform gets a free account with a limited number of features. The limit of CoinTracking Free is 200 transactions.
You have the option to upgrade as per your requirement to Pro, Expert, or Unlimited for other advanced featured, including more API imports and transactions.
3.2. Import Your Transaction Data
The two ways of importing your data are: Manually via the CSV files or Automatically by using API synchronization. Refer to the Drop Down menus on the top of the CoinTracking website for further steps.
3.3. Create Your Tax Report
Once all your data is imported, you can create tax reports. Select the Tax Report and click the red Open Settings to create a new Tax Report button from the main menu. This will open the “Create a new Tax Report” page.
The field of Tax Year enables you to create tax reports for prior tax years as per your requirement. The Filter function is helpful in troubleshooting in case you get unexpected results as it allows you to filter out various types of transactions.
Using Advanced Settings, you can calculate margin trades and modify the way the transitions are grouped. You can also select from different cost basis accounting methods.
How to import a CSV file into CoinTracking?
This CSV import aims to import several transactions or edit your CoinTracking transactions locally and manually on your PC. If you choose to support your CoinTracking trades, you can opt for using the Trades Backup function because it is much faster.
Otherwise, you need to import the exported file into another CoinTracking account, both accounts must use the same language. To upload a CSV file into CoinTracking, you have to complete the following seven steps –
The website supports four different types of modes — Light, Dimmed, Dark, and Classic. Additionally, it supports ten different languages.
You can customize your dashboard according to the different templates.
All new investors of the CoinTracking dashboard get a free plan with up to 200 transactions, coin tracking, import of files up to 5 MB, only 2 manual imports, and 2 backups.
A desire to extend functionality encourages to choose from 3 paid plans (paid yearly):
It supports up to 3,500 transactions, importing files up to 20 MB, 5 auto imports and unlimited manual imports, 5 backups, API, and many extra features.
Despite the difference in the number of transactions, all other features in this plan are the same. It supports importing files up to 20 MB, 10 auto imports and unlimited manual imports, 10 backups, API, and many extra features that are the same as in the Pro plan.
In addition to the unlimited number of transactions, it allows importing files up to 200 MB, 50 auto imports and unlimited manual imports, 20 backups, API, a wider range of personal export formats, advanced tools, prioritized calculations, and support.
Coin Tracking has been in the crypto market for over 12 years already and has gained an excellent reputation. It supports anonymous registration as well as provides complete data and API encryption that can be also protected with 2FA. Furthermore, there are backups for restoring trading history at any time.
Any issues or extra information about the project can be received from customer support. You can access it in the upper right corner where you can select the FAQ section or contact the support team. There is a blue chat button in the lower right corner of the screen to activate a bot. The support team is available in English and German from Monday to Friday (8 am to 6 pm UTC). The average response time is 48 hours at the moment. Coin Tracking is also present on popular social media websites including Youtube and Twitter, so you can contact its representatives there too.
Let’s summarize what makes CoinTracking the best crypto reporting software and why you may be disappointed with it in some cases.
CoinTracking has been a trusted leader in crypto management and tax reporting for over 12 years already and it does not plan to lose its championship. It has lots of benefits for crypto investors but it may take time for beginners to grasp all the functions it offers too.
Simply put, Cointracking app is a great tool for crypto traders of all skill and experience levels – from beginners to top of the line whales that run the show on exchanges. It is easy to use, has a wide offering of supported wallets and exchanges, is run by a well-reputed company that keeps improving the product. Cointracking is one of the leading tax reporting platforms. To sum up – Cointracking.info does its job very well and will surely stay in the top ranks of crypto tax tools for a long time.
Hopefully, this article will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!
Antier Solutions is a leading crypto exchange software development company in the USA offering a comprehensive range of services to deliver the world’s best crypto exchange platform. Antier Solutions has a team of skilled blockchain developers who couple their expertise and knowledge to develop top-notch exchanges fortified with best-in-class features. At Antier Solutions, they deliver result-oriented services to deliver meaningful outcomes that help to increase investors’ interest and accomplish your business goals. For details, visit Antier Solutions.
For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)
#crypto exchange software #crypto exchange development company #cryptocurrency exchange software #crypto exchange platform software #crypto exchange development #crypto exchange development company
Germany was the first country to recognize #Bitcoins as “units of value” and that they could be classified as a “financial instrument.”
Legal regulation for the decentralized industry in Germany is ongoing. Now, 16% of the German population 18 to 60 are #crypto investors.
These people who own #cryptocurrencies or have traded cryptocurrencies in the past six months.
41% of these #crypto investors intend to increase the share of their investments in #crypto in the next six months. Another 13% of Germans are #crypto-curious.
They intend to invest in #cryptocurrencies too. Yet, only 23% of the #crypto-curious said they are highly likely to invest, with the rest remaining hesitant.
P2P Lending Software platform earns revenue by matchmaking between the borrowers and investors by charging a commission fee. The lending software is highly customizable and dominant in the trade market. In recent years that benefitted millions of users to avail loans in critical situations.
#p2p crypto lending software #peer-to-peer crypto lending software #p2p crypto lending software development #p2p crypto lending software solutions #p2p crypto lending platform development #peer (p2p) lending platform developer
Custom Software or Off-the-shelf software, the question in mind for many business personnel. Read this blog to get help to make the right decision that will benefit your business.
For a business that wants to upgrade and modernize itself with the help of software, a common dilemma it is whether to go for custom-made software or opt for off-the-shelf software. You can find many top software development companies worldwide, but before that all, you should first decide the type of software –an off-the-shelf software or a custom one.
This blog aims to overcome the dilemma and accord some clarity to a business looking to automate its business processes.
#custom software vs off-the-shelf software #custom software development companies #top software development companies #off-the-shelf software development #customized software solution #custom software development
Do you need a platform to exchange digital currency?
Build the latest crypto trading software which can be trusted blindfold. Shake hands with the best-in-class white label crypto exchange software development company that can develop a customized exchange or wallet as per your requirement. Our skilled team of developers incorporates all the latest features in your exchange software which can provide a seamless trading experience to the users. To know more about our crypto trading software, feel free to call our blockchain experts.
For more information, call us: +91 98550 78699 (India), +1 (315) 825 4466 (US)
#crypto exchange software development #crypto exchange software #crypto exchange development #crypto exchange development company #cryptocurrency exchange development company