CoinTracking Review: The Best Crypto Portfolio Tracker Bitcoin Can Buy

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Whether you’re new to cryptocurrency investing or an advanced trader. One should consider using a crypto portfolio tracker. Cointracking.info:

These web/app applications allow you to track your progress, monitor global trends, calculate differences, and sometimes even do your taxes. Let’s examine the best one we have found (and we tested a few ones).

We are talking about a piece of software from a quality German coding house. We searched for a crypto portfolio tracker app with accurate prices and calculated numbers. Convenient polling of our trades per API, a proper tax reporting export, and a user interface that

  • A) Gives you all the info needed
  • B) Doesn’t annoy you with functional bugs – That’s how we found

Crypto Portfolio Tracker – The trader’s and investor’s best friend

Perhaps you’re new to investing. You think that it’s easy enough to keep track of your small portfolio. You need a piece of paper or an Excel spreadsheet. There is a point to be made there; it is easy. Every time you make a trade, scribble down a few notes in your trusty crypto notebook.

Cointracking.info is simple and seemingly easy as it may be; however, you’re definitely not doing yourself any favors. You see, what your pen and pad can’t provide is:

  • Advanced market analysis
  • Up-to-date trends and coin prices
  • Accurate graphs
  • A permanent digital record of your trades (which really comes in handy around tax time).

Cointracking.info

Every crypto trader starts off with a simple portfolio. Hence, maybe a little bit of Bitcoin here, maybe a couple of Litecoins. However, after a few days, you’re bound to become bored of this. Ultimately, you’ll discover the “wonderful world of Altcoins”. (which is the umbrella term for all the other cryptocurrencies out there).

Before long, you’ll be hitting the exchanges and trading like Gordon Gekko. You’ll be swapping back and forth and investing in several new tokens/coins a week. It’s very easy to get caught up in all of this trading and then come to a point weeks later. Where you have no idea what you’ve actually accomplished.

How much money you’ve made (or lost), your weekly percentages. Also all of the juicy info that gives you an accurate picture of your history as a cryptocurrency trader.

Cointracking.info is where having an application to keep track of your coins comes in. It does all of these for you. All you have to do is click a button! All your trading history will be laid out in front of you. That comprehensive dashboard alone is one of its kind:

Cointracking.info
Crypto Portfolio Tracker Dashboard

About cointracking.info

Hopefully, we’ve piqued your interest. One of the best applications out today is called (cointracking.info). It started out as a small startup project by Dario Kachel. He was tired of tracking all of his investments through an Excel spreadsheet. What he really wanted was to solve the problem both for himself and his friends.

He launched his startup in 2013, and it quickly gained popularity across the board from professionals and beginners alike. It has some really great features and recently caught our eye as well. Let’s take a look!

The Capabilities A Crypto Portfolio Tracker Should have

When comparing portfolio tracking applications, like cointracking.info. There are a few features and capabilities that you want to look for. The first is mobile compatibility so that you can track your portfolio on the go. After that, you want to look at the basic calculators. Add the ability to import wallet data from several exchanges and tax reporting features.

Android and iOS Compatibility

The first thing that really sticks out about cointracking.info is that they have fully functional Android and iOS apps. Crypto traders are notorious for always checking up on the latest coin prices. With cointracking.info you will be able to log into your account from most smartphones. Check up on your portfolio, no matter where you are in the world.

Some crypto portfolio trackers only have a “lite” version implemented into their mobile application. They only host a mobile app because it makes their company look good. Often it is just a stripped-down version of the website, sloppily coded into an app with $100 dev costs. Realized by a company that usually finds its clients by “email acquisition”. This is unfortunate because it causes people to stop caring. Ultimately, they will stop using the application altogether.

The cointracking.info app is different. Their mobile application is in a mature state. Allowing you to use every feature you would otherwise be able to use on their website. You sacrifice nothing.

Their app allows you to see real-time coin prices with second-by-second updates. They have their famous pie chart graph in your portfolio, which makes it easy to understand and translate. With both day and night modes for increased visibility. Yeah, for the nervous screen onlookers. This crypto portfolio app offers a mobile widget. Which you can install directly onto your home screen.

Every investor knows that staying on top of their game is important. They have to know all of the latest coin prices. That doesn’t mean last week’s price or even yesterday’s price. It means real-time updates. Cointracking.info actively tracks the exact cost of over 4,000 different coins. Assets from Bitcoin all the way down to small ICO tokens you’ve never even heard of.

Not only do they give you live prices, but they also give you live charts and graphs of recent activity. This can be from help if you know your TA stuff. To catch those coins about to go to the moon. Or to be aware of when a drop is possibly going to occur. So you can liquidate your tokens before you lose money.

Once you’re able to understand the charts. You will be able to look closely at the data and micro-analyze all of the latest trends. It’s a lock like a stock investment in this way. The more accurate the graph is, the better investments you can make. Out of all of the trackers we’ve looked at cointracking.info had definitely rock-solid ones. They use the same charting script as Binance, so it might be quite familiar.

A Crypto Portfolio Tracker with Tax Reporting

When cryptocurrency was in its fledgling stage, the government didn’t pay it much attention. Crypto traders, however, have never been known for their modesty. It wasn’t long before 17-year-old kids were flaunting their brand-new electric blue Lamborghinis on their small suburban streets. The computer geeks who everybody made fun of in grade school finally had their revenge. They were rich and wanted everybody to know it.

The crypto market has a value of over $550 billion. That market cap has doubled over the past two years and shows no sign of stopping. Within five years, it could be well over several trillion dollars.

Whether you want to blame the guys driving the Lamborghini or the market cap, You can’t deny that the government has taken an interest. First, I sought to stop it. Some countries have even been successful in criminalizing further Initial Currency Offerings. Good old Uncle Sam, however, took the route that he’s always taken- taxation.

Love them or hate them; taxes are an unavoidable part of being a citizen. The government doesn’t care how “decentralized” your currency is. They now expect you to fully report all of your cryptocurrency investments and assets on your yearly taxes.

IRS, just pay them!

The IRS is also pretty good at finding out when you’re trying to pull one over on them as well. So it’s best just to bite the bullet and comply. There’s no point in being a crypto millionaire if you’re in federal prison. We wrote about the crypto taxation topic a while ago. Furthermore, the reporting has an extra feature called “Tax-free coins.” This helps you save taxes by selling it after a certain period of time.

Calculation of tax-free coins (Long) and taxable coins (Short) for a specific date and period by FIFO.

Coins that have been held for longer than one year. They are displayed in the “Long” table and can be sold free of tax at the specified date.
Coins where the holding period has not been reached, appear in the “Short” table. Which would be taxable at the specified date.

Thus, this is just one of the many outstanding USPs compared to other portfolio trackers. First, Cointracking.info has a wonderful feature that keeps track of every purchase and trade you’ve ever made. Second, it works as long as you have properly imported your wallets and exchange APIs (we’ll get into that next).

Crypto Taxation Report
Crypto Taxation Report

Not only does it keep track of your trading. Cointracking.info offers a function that automatically converts all of this information into a convenient tax sheet. That means you have to do almost no calculation on your end. Just enter the data from the tax sheet into the appropriate location when you file for your next tax return. You can also export a file out of your dashboard and hand it over to your tax advisor. Case closed.

A Portfolio Tracker with API and CSV, XLS Importing From Wallets and Exchanges

This is the feature that makes cointracking.info really shine. The application can import APIs from many wallets and external exchanges. You can even use other portfolios you may have had in the past.

Maybe you got lost at the word API. It’s okay, a lot of people use technology without knowing how it actually works. Since this is an in-depth article, we will take the time to explain it to you.

API stands for Application Program Interface. It is the set of protocols and functionality which make up an application user interface. The user interface is just a fancy way of describing the screen. This screen is so that the user can visually see and interact with the program.

By “importing” an external application’s API into your existing application. What you’re doing is making a call across the network and “asking” to access another application’s data. Thus, authorization records and its user interface.

For example, if you’ve ever downloaded an app and it gives you the option to log in with Facebook. Then, that app is making use of Facebook’s API. It’s accessing all of your personal information. (name, email address, country, phone number, etc.) from Facebook’s database. Thereby using it to create your account on their application. This saves you the trouble of filling out a long form.

So now, that you have a good idea of how API’s work, let’s explain how cointracking.info uses them. On every exchange that you use. If you look at your private account details, there will be an API key listed. This is your private key that our portfolio tracker can use to access your account details and update your portfolio.

Cointracking.info API Keys

Now copy this API key, then head over to your cointracking.info account. Then hit the ‘Enter Coins’ drop-down menu and select the ‘Exchange API Imports’ submenu. Then click on the exchange you wish to import. You will then be prompted to enter your API key. You can also get some additional privacy authorization depending on what exchange you’re using.

Exchanges & Wallets supported by cointracking.info:

Import your trades and balances from your exchange directly into your Portfolio Tracker via API

It is important for the most convenient import art the API pulls. The portfolio tracker automatically pulls data from these

  • Exchanges:  Binance.com | OKX | Bitcoin.co.id | Bitfinex.com | Bithump | Bitstamp | Bitmarket| Bleutrade | Cex.Io | Coinbase | Coinspot | Cryptopia | Gatecoin | Gdax | Hitbtc | Independent Reserve | Kraken | KuCoin | Liqui | Livecoin | Luno | NovaExchange | Poloniex | QuadridaCX | TheRock | Tidex | Wex | WhaleClub | Yobit
  • Wallets: All major Bitcoin, Ethereum, and Altcoin Wallets (You select the coin name and fill in your wallet address)

The crypto portfolio tracker will then access all of your recent trade histories. Your online wallets from that exchange. Add it to your portfolio, graph the data, and begin running calculations. As of January 2018, it has the ability to import and track thirty different exchanges, as well as eight major digital wallets. There is also a feature that allows you to import CSV and Excel spreadsheet files. Of course, if you prefer good old footwork, you can enter your trades manually.

Once you’ve imported all of your accounts, you can then decide how you want them displayed. Under the ‘Reporting’ drop-down menu, you can choose whether you want to view all of your investments displayed together. Or whether you prefer to see them separately listed by the exchange. Hence, you have the best crypto portfolio tracker around! Along with the most simple crypto portfolio tracker. Cointracking.info has it all!

Coin Price Calculator

When you’re trading a bunch of different cryptocurrencies. It is very easy to get lost in the details, and you’ll find yourself quickly forgetting prices.

Cointracking.info makes it easy with its built-in coin price calculator. Whether you’re just trying to calculate the price of a number of coins into fiat.

Whether you want to see their value in other cryptocurrencies, all you have to do is enter the amount. Then select the currency you wish to convert to. From there the calculator will give you an answer based on real-time price updates. “For example, you 25 Strat at a particular date with ETH. As the ETH price was down and the BTC price up. Now you want to sell for BTC because it plummeted. In relation to Strat you could use this calculator. So as to find out if you would be profiting with the current scenario.

Cointracking.Info has a Coin Price Calculator

Bitcoin Analysis

A really neat feature of the application cointracking.info is a bitcoin analysis algorithm. Of course, no algorithm is ever going to be 100% correct. But this one has a history of being fairly accurate. It even has a handy visual aid called the ‘Bitcoin Risk-O-Meter. That shows the probability of strong price fluctuation. Over the course of the next few hours, it can give you a rough indication. Telling you when to purchase or sell. So that you’re ready to know the sentiment and what might happen with your altcoins soon. The Algo is not perfect, but the hit rate is quite impressive.

Cointracking.info even offers a Bitcoin Analysis Algo

Concluding Review of Cointracking.info

In conclusion, we hope we’ve been able to convince you of the merits of using a portfolio tracking application. Cointracking.info provides one of the best that we’ve ever seen, which is why we’re recommending it to you.

There are a few other decent trackers out there, but they all fail in at least one area. Some of them display horribly incorrect prices. Which will result in you waking up to your $1,000 portfolio. Having a value of hundreds of billions of dollars. Others have mobile applications that are more of a hindrance than a help. Only offering a fraction of their web application’s functionality. Their easy-to-use mobile application is where this tracker really comes in handy. You’ll be able to take your portfolio with you everywhere you go. So you can act when the time is right and make the most out of your trading day.

By using a crypto portfolio tracker like this. You will not only have a better idea of where your investments stand. But you’ll be able to see real-time coin prices, data displaying the latest market trends, and even Bitcoin price predictions.

Lots of tools

What we liked the most is the huge amount of tools. They make sense, and we are sure you won’t find a stack like that anywhere else. Yes, the price is steep, but you get what you pay for in this case. Working with cryptos can be a pain. One that constantly deals with many decimals and calculations in satoshis. Or trading fees in Satoshis, where the multiple wallets you maintain are scattered all over the web. All that makes it really hard to do an efficient profit/loss calculation.

Keeping the overview of realized and unrealized gains is almost impossible if you are not in bed with Excel. Cointracking.info takes this all for you. You need about one hour of initial concentrated work, and you will get clarity as a result. The fog will be lifted and you will see clearly what you are actually doing with your trades. How profitable are you, and how can you tweak your actions to perform better? Cointracking.info is so much more than your average free Android app of a crypto portfolio tracker.

Cointracking.info offers a free lite version of its portfolio tracker with limited features. Download it to test out the water and get addicted! Once you are amazed by the free features of this program. You can increase that excitement by adding advanced features. Lastly, they are totally worth it! But most importantly, and if you took the link above, you will be able to purchase with a cute 10% discount 🙂

Disclaimer

This article is for educational purposes only. We are no financial advisors. The information provided from SmartOptions is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance.

Please do your own research and never let anyone trade your account for you. We do not support or advertise Fund Management in any kind of manner. We solely review signal providers, their work/analysis/provided education. Please read this disclaimer and leave the website if you disagree with it.

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4 COMMENTS

  1. It is appropriate time to make some plans for the future
    and it’s time to be happy. I have read this post and if I could I desire to
    suggest you some interesting things or tips. Perhaps you could write next articles referring
    to this article. I desire to read more things about
    it!

  2. Great article, as per usual. I haven’t had an opportunity to look into the service but it sounds great. However they are gathering quite a bit of info from each user. What rights, if any, are given up when using the service? Does Coin Tracking have the right to sell users’ information? And if yes, to whom? Or does the information of the user stay private and protected?

    • I will research this, tho I don’t think that there is anything to be scared of. It is a German company and bound to very strict law when it comes data protection and privacy. Especially with the upcoming EU data protection regulation which are coming in March.

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Steve
Steve
Is a German tech hipster hippy influencer, a marketer, a father and a righteous man of the Deutschland. He is a believer that love can conquer the world, crypto, funky, crazy, but love never hurts anyone. So light up a spliff and dig the vibe dude!