CoinTracking is a powerful portfolio management platform designed for tracking digital currency trades. It offers comprehensive analysis of your transactions, including prices, trading volume, profits, losses, and the overall value of your cryptocurrency holdings. Additionally, it provides specialized tools for preparing annual tax reports, compliant with standards such as capital gains reporting, FBAR, Form 8949, and the German Income Tax Act.
You can enter your trades through multiple methods: manual entry, importing from exchanges, or fully automated API integration. The platform gives you full control over which data to track and from which exchanges. This guide will walk you through integrating your trades and exploring the platform’s benefits.
How to Enter Your Trades
After logging into your CoinTracking account, the first step is to input your coin data. All trade entry functions are located under the Transactions section in the navigation menu.
1. Manual Transaction Entry
Entering trades manually is simple and straightforward:
- Click the New button to create a new trade.
Fill in the trade details. For example:
- Type: Buy
- Buy Amount: 2
- Buy Currency: BTC
- Sell Amount: 500
- Sell Currency: USD
- Date: 2015-10-10
- Save the trade, and it will appear in your Trade Table.
You can edit entries directly in the table or by selecting a trade and clicking Edit. Use Delete to remove trades, and take advantage of multi-select features using SHIFT + CLICK or CTRL + CLICK. Optional comment and group fields help you organize and search your data more efficiently.
2. Upload Trades from Exchanges
CoinTracking supports direct imports from a wide range of popular exchanges:
- Below the Trade Table, click the logo of your exchange.
- Follow the instructions to upload your trade history.
- Imported trades are tagged with the exchange name for easy sorting and filtering.
3. Automatic API Importer
For real-time tracking, set up the API importer to monitor trades or Bitcoin wallets automatically. The system updates every few minutes, ensuring your portfolio is always current. 👉 Explore more strategies
Key Analysis and Reporting Features
Dashboard Overview
The Dashboard offers a snapshot of your portfolio’s performance, including:
- Coin summaries and individual values
- Expense and profit/loss overviews
- Trade and exchange statistics
After entering new trades, generate updated reports by clicking the prompt in the lower right corner. The system recalculates balances and profits, usually within seconds.
Trade Statistics
The Statistic Charts section provides interactive visualizations for:
- Profit and loss trends
- Value per currency
- Coin amounts and trade volumes
Charts are customizable—hide datasets via the legend or zoom into specific time periods by dragging.
Trade List
This section displays a detailed, sortable, and searchable list of all transactions. Additional data, such as calculated trading prices and trade IDs, is accessible by expanding individual entries.
Daily Balance
The Daily Balance tool aggregates your trades to show cumulative coin totals, values, expenses, and profits up to any given date. This helps in assessing historical portfolio performance.
Average Purchase Prices
This feature calculates your profit or loss status per coin by comparing average purchase values against current market prices. Green indicates profit; red indicates loss. The system handles complex scenarios, like multiple buys and partial sales, using accurate accounting methods.
Tax Declaration Support
CoinTracking simplifies tax reporting by calculating gains and losses to the cent and supporting methods like FIFO, LIFO, and HIFO. The Tax-Report page lets you select the tax year, choose calculation methods, and generate compliant reports for various international standards.
Research and Market Insights
User Statistics
CoinTracking’s User Statistics provide aggregated data on trading behaviors across the platform. Charts display popular coins, average Bitcoin holdings, and profit/loss distributions, with your position highlighted for comparison.
Coin Charts
Track price movements of major cryptocurrencies and fiat currencies. Charts display your trades as green (buy) or red (sell) bubbles, with size indicating volume.
Coin Trends
This section lists all existing cryptocurrencies with updated market prices and volumes. The Easy Enter feature allows you to monitor altcoins without historical trade data, focusing on current values and spending.
Advanced Account Features
- Export Trades: Download your trade history in Excel, CSV, PDF, HTML, JSON, or XML formats.
- Delete Trades: Remove individual or bulk trades, including entire exchange histories or date ranges.
- Currency Settings: Switch between 17 fiat currencies as your primary display currency.
- Exchange Rates: Customize Bitcoin price sources for USD or EUR calculations.
- Time Zone Adjustment: Update your time zone in settings for accurate time-stamping.
- Multiple Accounts: Link accounts for better organization—e.g., separating long-term investments from daily trades.
- Account Deletion: Permanently delete your account and all associated data via the settings page.
Frequently Asked Questions
How accurate are the profit/loss calculations?
Calculations are precise if trade data is entered correctly. Double-check your transactions if reported values seem inaccurate.
Can I track altcoins without historical trade data?
Yes, use the Easy Enter feature to monitor altcoins based on current market values rather than historical trades.
Is my data secure?
CoinTracking employs robust security measures to protect user data. Always use strong passwords and enable two-factor authentication for added safety.
How often are market prices updated?
Prices for all coins are updated every five minutes, ensuring real-time accuracy.
What tax reports are supported?
The platform supports multiple tax reporting standards, including capital gains, FBAR, Form 8949, and German Income Tax Act requirements.
Can I merge multiple portfolios?
Yes, you can link accounts for a unified view, useful for managing investments in different currencies or for groups.
CoinTracking offers a comprehensive suite of tools for cryptocurrency portfolio management and tax compliance. By leveraging its manual, import, and API entry methods, you can maintain accurate records and gain valuable insights into your trading performance. 👉 View real-time tools