Cointracker.io is a simple and easy way to track your crypto portfolio performance and taxes as a crypto investor.
In this article, I’ll share with you my honest experience using the Cointracker platform and why it’s extremely safe and easy to use.
What is Cointracker?
Cointracker is a crypto portfolio and tax management platform with over 450,000 users who track over $20 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 portfolio. That’s where Cointracker becomes an extremely useful tool.
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:
- Coinbase Pro
- Binance US
Cointracker.io will use read only access when you connect it to an exchange. That means they cannot access your crypto holinds 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 birdeye’s view of your portfolio.
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 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. You’ll be able to track your portfolio perfomance and taxes using their free plan. The Free plan lets you connect up to 5 wallets, track your performance and portfolio allocation.
If you want to unlock more features like performance by individual cryptocurrency or tax loss harvesting then simply upgrade to a paid subscription.
I get a lot of value using the free plan but may upgrade in the future as my portfolio grows. Cointracker has a lot of potential to become bigger and attract more crypto investors who need solid portfolio management tools.