Cointracker Review 2022: Is it Legit and Safe?

Cointracker.io Review

Why I Recommend Cointracker

I use Cointracker because it’s easy to sync my crypto wallets and track my crypto portfolio all in one place. Before using Cointracker, I manually entered my crypto holdings into Google Sheets to keep track of everything. It was annoying and tedious at best.

That’s why I signed up for Cointracker and started using their crypto portfolio tracker to automate everything and makes things easy. When I want to check up on my portfolio, I simply open the mobile app and see how much money I’ve made or lost.

Whenever I buy or sell cryptocurrency, Cointracker recognizes the transaction and updates my crypto holdings automatically.

It saves me a ton of time and doesn’t cost a dime. Of course, you can upgrade to a paid account if you need extra features like crypto taxes, tracking for 6 or more wallets, and advanced performance tracking by individual coin and date.

Full Cointracker.io Review

Cointracker.io

In-depth review of my favorite crypto portfolio tracker and tax manager

Reviewed by Tarik Pierce (Cointracker user since 2021)

Ease of Use
Portfolio Tracking Accuracy
Security
Pricing

Summary

Advertisement

Cointracker.io is the best overall crypto portfolio tracking tool that comes with a very robust free plan for crypto investors. If you want to take things up a notch and track your crypto taxes then upgrade to a paid plan to unlock the full power of this tool.

4.5

Pros and Cons

Pros

  • Track over 10,000 cryptocurrencies
  • Over 300 supported crypto wallets and exchanges
  • Free crypto portfolio management
  • Track your performance by individual crypto asset
  • Monitor your holdings under 1 platform
  • Calculate capital gains tax
  • Receive daily email alerts on your portfolio

Cons

  • Cannot track every single crypto exchange (I had problems uploading BlockFI)
  • Must upgrade to paid plan to track crypto taxes

What is Cointracker.io?

Cointracker is a crypto portfolio and tax management platform with over 1 million users who track over $50 billion in crypto assets.

The company is backed by major investors like Yahoo! Combinator and Coinbase along with celebrities such as female tennis star Serena Williams.

As more people embrace cryptocurrency as a new asset class, crypto investors need a quick and easy way to track their online portfolios. That’s where Cointracker becomes an extremely useful tool.

Getting Started

To get started, sign up for a Cointracker.io account and start connecting your crypto assets from your wallet or preferred exchange.

Cointracker supports popular hardware wallets like Trezor or Ledger as well as public crypto addresses.

If you store your crypto on an exchange then you can connect Cointracker to the following crypto exchanges:

Advertisement
  • Coinbase
  • Coinbase Pro
  • Binance
  • Binance US
  • Bitrex
  • Kraken
  • Poloniex
  • Gemini

Cointracker.io will use read-only access when you connect it to an exchange. That means they cannot access your crypto holdings so your coins are 100% safe.

Some popular crypto interest accounts like BlockFI don’t support API connections. You must upload these transactions manually using a . CSV import.

Tracking Your Performance

Once you are logged in, you will be sent to the dashboard where you get a bird-eye’s view of your portfolio.

Cointracker Portfolio Performance

Here, you can track key metrics like market value, net deposits, and net proceeds on your entire portfolio.

On the performance tab, you can track your returns by the individual crypto asset. Cointracker will give you a sneak preview of your biggest holding but you need to upgrade to a paid subscription to see your entire portfolio.

If you only invest in 1 cryptocurrency like Bitcoin then you can track key metrics like total holdings, cost basis, and all-time return for free.

How much Does Cointracker Cost?

Cointracker is 100% free to sign up and start tracking your crypto portfolio if you have less than 5 crypto wallets or exchange accounts. You can calculate your crypto taxes too if you made less than 25 transactions.

If you trade more crypto volume then upgrade to a paid subscription.

Advertisement

Cointracker offers paid subscriptions on 2 separate products:

  • Portfolio Assistance: Monthly subscription plan with advanced portfolio analytics, charting, performance metrics, tax-loss harvesting, and other features.
  • Tax Compliance: Pay an annual fee based on the number of crypto transactions in the particular tax year.

Portfolio Assistance

Here are the limits for each plan:

  • Free Plan: Track up to 5 wallets
  • Enthuiast: Track up to 30 wallets for $14 per month
  • Pro: Track up to 100 wallets for $99 per month

If you need to track more than 100 wallets then you can request a custom quote.

Tax Compliance

Here are the limits for each plan:

  • Free: 25 transactions
  • Hobbyist: 100 transactions for $59
  • Premium: 1,000 transactions for $199

Unlimited transactions will require a custom quote. All payments are one-time fees.

Is Cointracker.io right for you?

Cointracker is a handy tool that makes tracking your crypto portfolio perfomance & taxes extremely easy. It’s safe and secure plus lets you keep an eye on your holdings without logging into multiple platforms daily.

Cointracker.io FAQ

I get a lot of value using the free plan but may upgrade in the future as my portfolio grows.

Advertisement

Similar Posts