Cointracker is a crypto taxation and portfolio monitoring software founded in 2017 that scans more than 10000 cryptocurrencies and 300+ cryptocurrency exchanges.
Cointracker Review 2023
Cointracker connects to users’ cryptocurrency exchanges and extracts all the data inside. This allows users to keep track of all the cryptocurrencies in their wallets and facilitates taxation. The platform tracks, monitors, and analyzes all cryptocurrency-related portfolios. As a result of these operations, perhaps the most significant product of the platform is crypto taxation.
Cointracker Products
The platform offers users a range of crypto-focused products. These include crypto portfolio tracking, taxation tools, NFT services, and DeFi asset controls.
Crypto Portfolio Assistant
Crypto Portfolio Assistant is a crypto-tracking product that tracks and analyzes the trading history of users’ crypto assets. Thanks to the portfolio assistant, users can see the profits, losses, and daily portfolio movements of their crypto assets.
To get started, you first need to download the Cointracker app on your mobile devices or register on the platform’s official website. Then, you need to connect the exchange or wallet with your crypto assets to the platform. Users can then access continuous and up-to-date crypto data, as well as track their portfolios. The app also provides users with crypto profit analysis on a weekly and monthly basis.
Users who wish to use the app can benefit from the following fees and features:
- Free: This is the free version, where you can only view your current portfolio and follow daily updates.
- Enthusiast: This starter package offers users portfolio viewing, daily update tracking, email support, performance over time, and performance by crypto features. A maximum of 30 wallets can be connected to this package, and the price is $14 per month.
- Pro: In addition to the Enthusiast package, this is the professional package that offers custom date filters and tax loss harvesting services. This package currently supports a maximum of 100 wallets and costs $99 per month.
- Custom: With all the features of the pro package, the custom package supports up to 1000 wallets. In addition, it provides accounting and other specialized functions and is priced according to transaction types.
Users can choose any of the mentioned above packages and benefit from crypto portfolio analysis.
Crypto Taxes
Crypto Taxes is a tax calculation product offered by Cointracker. This product connects to users’ exchanges and wallets and pulls certain data. As a result of the data extraction process, the profits, and losses you make by trading cryptocurrencies are revealed. The Crypto Taxes service reports the taxes that users are obliged to pay to certain institutions. This way, your tax liability is calculated without any extra effort.
This service, like the crypto portfolio product, is subject to certain fees. These include:
- Free: It is the most basic free-to-use package where you can track up to 10000 transactions free of charge and perform Cost basis & capital gains and Error reconciliation transactions.
- Starter: The starter package taxes 25 transactions. It offers Cost basis & capital gains, Error reconciliation, and Download tax forms. The package costs $8 per year and has a money-back guarantee within 30 days.
- Hobbyist: The content is almost identical to that of the starter package. In addition, it provides taxation services for up to 100 transactions and product support within 48 hours. The Hobbyist package costs $53 per year.
- Premium: The highest package, Premium, can tax up to 1000 transactions. It provides tax summaries by wallet and provides product support within 24 hours. The premium package costs $179 per year.
The packages offered by Cointracker provide users with annual profit and loss reports and facilitate tax processing. Tax reports can be customized according to user requirements. The platform also provides services to help users save on taxes.
NFT Center
Cointracker is a service where users can check their NFTs on a single platform. Users interested in NFT trading can analyze their NFT trades on a single platform. It also makes it easier for users by optimizing the taxation of NFT trades.
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