A Comprehensive Guide to CoinTracker: Your Cryptocurrency Portfolio Tracker

 

A Comprehensive Guide to CoinTracker: Your Cryptocurrency Portfolio Tracker

Introduction

In the world of cryptocurrencies, keeping track of all your transactions can be a daunting task. This is where CoinTracker comes in. It’s a comprehensive platform that helps you manage your cryptocurrency portfolio and makes tax filing a breeze. In this tutorial, we’ll walk you through how to use CoinTracker.



Getting Started with CoinTracker1

Step 1: Sign Up for an Account1

To get started, sign up for a CoinTracker account. Click the ‘Get started for free’ button on the home page. You’ll be asked to verify your account via email and set up 2FA. Remember to use password best practices and safely record your account recovery codes1.

Step 2: Connect Your Wallets1

Once you’re signed up, you can connect your wallets and exchanges1. Depending on the wallet, we connect directly via API or you may have to upload via a CSV1. Be sure to add all your wallets, even if they haven’t been active recently—having your complete, all-time transaction history in CoinTracker ensures accurate tax calculations and performance tracking1.

Step 3: Review Your Transactions for Accuracy1

A complete and accurate transaction history is key to accurate taxes1. Use this checklist to review your account for accuracy1.

Choosing a CoinTracker Plan1

Once all your wallets are connected and you’ve reviewed for accuracy, you’ll be able to get an accurate count of your transactions which will help you calculate which CoinTracker plan is right for you1. This is your final step before you download your tax reports1!

Filing Your Taxes1

The final step! Download your reports and file your taxes1. Your tax reports will be emailed to you and also available to download1. If you want help from your CPA or tax professional, you can add them to your account1.

Conclusion

CoinTracker is a powerful tool for managing your cryptocurrency portfolio. It simplifies the process of tracking your transactions and filing your taxes. With this guide, you should be well on your way to mastering CoinTracker. Happy tracking!

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