Question 1

What is a crypto portfolio tracker?

Accepted Answer

Crypto portfolio trackers connect to your exchanges, wallets, and crypto services to provide a comprehensive view of your gains, losses, and income. This data can help you make educated decisions on when to rebalance, take profits, or hodl. The best crypto portfolio trackers also show your holdings in your local currency, which exchanges don't always do.

Question 2

What should I look for in a good portfolio tracker?

Accepted Answer

To find the best portfolio tracker for your needs, it's important to consider these six key features: Integration with all the exchanges, wallets, and crypto services you use Automatic syncing and calculating of transactions to save time and minimize errors Ability to denominate holdings in your local currency to facilitate easy tracking and decision-making Implementation of robust security measures to protect your sensitive data and transaction history Easy-to-use interface and clear visualization of portfolio performance to assist in making informed investment decisions A free version to test out the platform Calculate profits automatically

Question 3

Does a portfolio tracker calculate profits automatically?

Accepted Answer

Yes, a good portfolio tracker should calculate your profits and losses automatically and in real time. CoinTracker's portfolio tracker syncs with your wallets and exchanges to calculate profits and losses automatically, securely, and quickly.

Question 4

What is the best cryptocurrency tracking app?

Accepted Answer

There are several great cryptocurrency tracking apps available, and the best option often depends on your specific needs. CoinTracker is a strong choice for anyone looking to track their crypto portfolio while also managing tax reporting in one place. It allows you to sync wallets and exchanges securely, get real-time insights into your holdings, and even optimize for tax purposes.

Question 5

How do I connect my cryptocurrency exchanges and wallets to CoinTracker?

Accepted Answer

Connecting your cryptocurrency exchanges and wallets to CoinTracker is easy, fast, and secure: Sign up or sign in to your CoinTracker account Navigate to "Add Account" and select the exchange or wallet you want to connect Follow the instructions to connect your account CoinTracker will automatically import your transaction history and calculate your balances

Question 6

Can CoinTracker help manage my crypto portfolio?

Accepted Answer

CoinTracker provides helpful tools to manage your crypto portfolio effectively: Live portfolio tracking: Monitor the value and performance of your entire crypto portfolio Detailed analytics: Get insights into your holdings, transaction history, and asset allocation Performance metrics: Track gains, losses, and returns over different time periods Custom alerts: Set up price alerts to stay informed about market movements

Question 7

What type of cryptocurrencies are supported by CoinTracker?

Accepted Answer

CoinTracker supports tracking for 30k+ different cryptocurrencies. This extensive coverage ensures that you can manage and monitor all your crypto assets easily and accurately.

Question 8

Is CoinTracker safe to use with my cryptocurrency accounts?

Accepted Answer

CoinTracker is designed with security at every step. We use industry-leading encryption to protect your information, and we don't have the ability to transfer, sell, or buy your crypto. CoinTracker uses read-only access to your wallets and exchanges. Plus, we adhere to strict privacy policies to ensure that your personal and financial information remains secure.

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Automatically calculate profits

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