Managing your cryptocurrency investments alongside your traditional finances just got easier. This guide walks you through the latest features for connecting your Coinbase account and organizing your entire financial portfolio within Monarch Money.
Connecting Your Coinbase Account
You can now seamlessly link your Coinbase account directly to Monarch Money through the web application, with mobile support coming very soon. This direct integration ensures your crypto balances are updated with real-time prices every two minutes, 24 hours a day.
To get started, simply navigate to the 'Add Account' section. Coinbase will appear as an option among the tiles of institutional logos. Once connected, your account will be listed and included in your overall net worth calculation.
A Unified View for Crypto Holdings
All connected cryptocurrency coins are now classified under a new "Cryptocurrency" asset type within the Investments section. This allows you to track all your digital assets in one place, even if you hold them across different platforms—from traditional brokerages like Robinhood to dedicated crypto exchanges like Coinbase.
This holistic view simplifies portfolio management and gives you a clearer picture of your total investment landscape. We plan to add support for more crypto exchanges and specific features in the future. Your feedback is invaluable in shaping these developments.
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Advanced Account Organization Features
Effective financial management relies on clear and customizable organization. Monarch Money now offers more flexibility in how you structure and view your accounts.
Managing Account Status
Accounts can be marked as "inactive." This useful feature stops them from syncing new transactions and sets their balance to $0. Crucially, all historical balances and transactions are preserved up until the point they were deactivated. This allows you to maintain a complete financial history while decluttering your active view.
Custom Sorting for a Personalized Experience
You now have full control over how your accounts are displayed. Both individual accounts and account groups can be manually sorted on the web platform, and this custom order is synchronized across both web and mobile apps.
Previously, accounts were automatically sorted by the date they were added and grouped into fixed asset and liability categories. With manual sorting, you can prioritize your most frequently used accounts, keeping your favorites right at the top for quick access.
Enhanced Rules for Smarter Automation
Transaction rules are powerful tools for automating your financial tracking, and they have just become more powerful.
- Original Text Matching: Rules can now be created using the original transaction text from your bank statement, in addition to the cleaned-up merchant name. This provides greater accuracy for matching unique transaction descriptions.
- Multi-Condition Rules: Build more sophisticated and precise rules by basing them on multiple categories, accounts, or merchants simultaneously, instead of being limited to just one of each.
Latest Fixes and Platform Improvements
Our team is continuously working to enhance stability and usability. Recent updates include:
- Zillow Upgrade: The connection to Zillow for home value estimates has been upgraded and now supports more addresses.
- Goal Linking Fix: Clicking on a goal from the budget page now correctly navigates to the details for that goal.
- Updated Date Accuracy: Resolved an issue where manual accounts displayed an incorrect "last updated" date.
- Balance Adjustment Clarity: The system-level "Balance Adjustment" category has been updated to make it clear that it cannot be disabled, preventing user confusion.
A Look at What's Coming Next
We are excited about the future developments currently in the pipeline:
- Rollovers: Work continues on rollover functionality, with a release expected soon. This will simplify tracking periodic transfers between accounts.
- CSV Import: A new capability is being built to allow for CSV imports. This is ideal for users migrating all their data from Mint or for those who need to upload monthly statements for banks that don't support direct syncing.
- Tags System: In the coming weeks, a new tags feature will be released. This will allow you to create custom tags, apply them to transactions, and use them to filter your cash flow views and reports for deeper insights.
👉 Explore advanced portfolio management strategies
Frequently Asked Questions
How often does my Coinbase balance update in Monarch?
Your Coinbase account balance and cryptocurrency prices are updated every two minutes, 24 hours a day, providing you with real-time insights into your portfolio's value.
What happens to my transaction history if I mark an account as inactive?
Marking an account as inactive preserves all of its historical transaction data and past balances. It simply stops new transactions from syncing and sets the current balance to zero, effectively archiving the account without deleting any data.
Can I create a rule that applies to two different merchants?
Yes, with the recent rules improvement, you can now create a single rule based on multiple conditions, including multiple merchants, categories, or accounts, giving you much more granular control over transaction automation.
Will I be able to import my historical data from Mint?
Yes, the upcoming CSV import feature is being designed specifically to help users seamlessly import all of their historical financial data from Mint into Monarch Money.
What is the main benefit of the manual account sorting feature?
Manual sorting allows you to personalize your dashboard by placing your most important or frequently monitored accounts at the top of your list, saving you time and streamlining your financial review process.
Are there plans to support other cryptocurrency exchanges?
Absolutely. Supporting Coinbase is just the beginning. We plan to integrate with more cryptocurrency exchanges and are actively seeking user feedback on which platforms to support next.