CoinTracker Review
Comprehensive cryptocurrency tax reporting and portfolio tracking solution.
Tool Overview
CoinTracker is a leading cryptocurrency tax software solution that combines powerful tax reporting capabilities with portfolio tracking features. The platform automatically syncs with exchanges and wallets to provide real-time tracking and tax calculations.
With support for over 300 exchanges and integrations with major tax filing software, CoinTracker simplifies the complex process of cryptocurrency tax reporting while helping users monitor their investments.
Pricing Plans
Free
$0
- Up to 25 transactions
- Basic tax reports
- Portfolio tracking
Hobbyist
$59/year
- Up to 100 transactions
- Tax loss harvesting
- Cost basis methods
Premium
$199/year
- Up to 1,000 transactions
- Priority support
- API sync
Unlimited
$299/year
- Unlimited transactions
- VIP support
- Custom reports
Key Features
Pros & Cons
Advantages
- • User-friendly interface
- • Wide exchange support
- • Automatic syncing
- • Tax loss harvesting
- • Portfolio tracking
- • Good customer support
Disadvantages
- • Higher pricing tiers
- • Limited free plan
- • Some manual input needed
- • DeFi tracking limitations
- • API sync issues
Security Features
Getting Started with CoinTracker
1. Account Setup
- Create an account on CoinTracker
- Choose a subscription plan
- Set up security features
- Configure account preferences
2. Exchange Integration
- Connect exchange APIs
- Import transaction history
- Verify data accuracy
- Set up automatic syncing
3. Tax Reporting
- Review transaction categorization
- Select cost basis method
- Generate tax reports
- Export to tax software
4. Ongoing Maintenance
- Monitor transaction syncing
- Update manual transactions
- Review tax implications
- Track portfolio performance
Frequently Asked Questions
What is CoinTracker?
CoinTracker is a cryptocurrency tax software and portfolio tracking platform that helps users calculate their crypto taxes and monitor their investments. It automatically syncs with exchanges and wallets to track transactions and generate tax reports.
How much does CoinTracker cost?
CoinTracker offers multiple pricing tiers starting with a free plan for up to 25 transactions. Paid plans range from $59 to $299 per year, with features and transaction limits increasing at each tier. Custom enterprise pricing is also available.
Is CoinTracker accurate for tax reporting?
CoinTracker is generally accurate for tax reporting, especially for standard cryptocurrency transactions. It uses accepted accounting methods and keeps up with tax regulations. However, accuracy depends on proper transaction importing and categorization.
How does CoinTracker sync transactions?
CoinTracker syncs transactions through API connections with exchanges and wallets, CSV file imports, and manual entry options. The platform supports automatic syncing with major exchanges and can track transactions across multiple platforms.
Can CoinTracker handle DeFi transactions?
CoinTracker offers basic DeFi transaction support, though some complex DeFi activities may require manual input or verification. The platform continues to expand its DeFi tracking capabilities with regular updates.
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