CoinTracking – Simplify Your Crypto Taxes and Portfolio Management
Crypto isn’t just about trading, it’s also about reporting. With regulations tightening worldwide, tracking every transaction and filing taxes correctly has become a challenge. CoinTracking makes it easy by automatically consolidating trades, generating tax reports, and offering full portfolio insights.
What is CoinTracking?
CoinTracking is a crypto tax and portfolio platform that imports transactions from exchanges, wallets, and blockchains. It then calculates gains, losses, and tax obligations while also giving you clear portfolio analytics.
Key Features
- Automatic Import: Supports 70+ exchanges and wallets.
- Tax Reporting: Creates reports under FIFO, LIFO, and country-specific tax laws.
- Portfolio Analysis: Track token allocation, profit/loss, and realized gains.
- Compliance: Accepted by CPAs and tax authorities worldwide.
Why CoinTracking Matters
For active traders, filing taxes manually is a nightmare. Thousands of trades across DeFi and exchanges can’t be done in spreadsheets. CoinTracking does it automatically, saving time, reducing errors, and ensuring compliance.
Pros and Cons
- Pros: Saves hours of manual work, widely accepted by accountants, integrates with exchanges easily.
- Cons: Premium plan needed for heavy users; tax laws vary by country.
Final Verdict
For traders serious about staying compliant and reducing headaches during tax season, CoinTracking is an essential tool.