For every trader, a cryptocurrency tracker is essential—it consolidates data from exchanges and wallets, offering a snapshot of portfolio performance. CoinTracker stands out as a comprehensive portfolio tracker and tax software, making it the focus of this review.
Key Features Overview
Transaction Tracking
- Supports 500+ wallets/exchanges and 10,000+ crypto assets.
- Integrates with Coinbase, Binance, and NFT platforms like OpenSea.
Tax Compliance
- Generates IRS Form 8949 and supports tax-loss harvesting.
- Multiple accounting methods (FIFO, LIFO, HIFO).
Mobile App
- Available on iOS and Android for on-the-go portfolio tracking.
Portfolio Management
- Real-time updates and performance summaries.
Customer Support
- Priority support for paid plans; free users access forums.
| Feature | Details |
|---|---|
| Auto Sync | Updates portfolio data in real-time. |
| Fee Tracking | Displays transaction fees per exchange. |
| Trade Reports | Detailed ROI and cost-basis analysis. |
Pricing Plans
- Free: 25 transactions, basic tracking.
- Hobbyist ($49/year): 100 transactions.
- Premium ($199/year): 1,000 transactions, DeFi support.
- Unlimited: Custom pricing, CPA consultations.
👉 Compare alternatives like Koinly and CoinTracking for cost-effective options.
How to Use CoinTracker
- Sign up via Google/Coinbase or email.
- Enable 2FA for security.
- Link exchanges/wallets (read-only API).
- View tax reports and portfolio analytics.
Supported Exchanges & Wallets
- Exchanges: Binance, Coinbase, Bitfinex.
- Wallets: Ledger, Trezor, Exodus.
Security & Mobile App
- SSL encryption and read-only access.
- Mobile app offers price alerts and portfolio summaries.
CoinTracker vs Competitors
- CoinTracking: More cost-effective.
- CryptoTrader.Tax: Better blockchain support.
- Koinly: Cheaper per trade.
FAQs
Q: Is CoinTracker safe?
A: Yes, it uses SSL encryption and read-only API access.
Q: Can I track DeFi transactions?
A: Only in Premium/Unlimited plans.
Q: Does it support margin trading?
A: No—derivatives aren’t supported.
Conclusion
CoinTracker excels as an all-in-one tracker and tax tool, though alternatives like Koinly may offer better pricing. Its automated reports and exchange integrations simplify crypto accounting.
👉 Explore more crypto tax tools here.
Pros:
- IRS-compliant reports.
- User-friendly mobile app.
Cons:
- No margin trading support.
- Higher cost for active traders.