CoinTracking Coupon – Discount Code
As a hobby trader or professional trader, it is most difficult to keep track of the crypt balance on all stock exchanges at once. If you trade on several exchanges, monitoring profit and loss becomes a problem. My search for a solution led me to CoinTracking, which turned out to be the best crypto portfolio tracker app available on the market.
How to use CoinTracking?
In this report about CoinTracking you will learn how to use CoinTracking and some of the features that make it worthwhile. Depending on the volume of your trading you can use a free account or get a pro account that can be purchased for 1-2 years or a lifetime.
Before you learn how to use it, let’s take a look at the main features of CoinTracking. At the time of writing this report CoinTracking supports more than 70 major crypto exchanges. Some of the most important supported exchanges are:
With the API function, your trades and transactions are automatically imported from the CoinTracking app. This eliminates the headaches of manually maintaining your portfolio. The API function is easy to use. I have explained more in the following setup guide. You can also add coins manually, which is useful if you have already bought money at the ICO stage. This will ensure that your portfolio is correct and up-to-date.
While you are managing your portfolio, you may want to import transactions from your crypto wallets, and some of the supported wallets are
- Block chain
The well documented help guides will help you get the most out of CoinTracing information.
CoinTracking Mobile App
CoinTracking Mobile App (Android and iOS) helps you to keep an eye on your portfolio while you are on the move. You can also set a price alert for any coin of your choice via the mobile app. You will be notified when the price reaches your destination. You can also view the price movement of each crypto currency via the mobile app.
The reporting option makes this app unique. You can view your account balance in different ways. For example:
- Balance according to stock market prices
- Balance by currency (coins)
Especially if you trade the same coin on different exchanges, it will help you to see your total portfolio for that particular coin on several exchanges. This will ensure that you do not have too many bags of a single currency.
Another feature that I think is useful here is the “Realized and Unrealized Gains”. For a user who buys a lot of Altcoins, this feature will quickly show you how much profit or less you made with a particular coin. When managing a large amount of Coins or when trading heavily, it is common to avoid taking profits, and this feature will help you avoid such a mistake.
Tax report for Bitcoins and other digital currencies
Transferring taxes is one of the biggest problems for owners of crypto currencies, and the Cointracking Tax Reporting feature is the answer. Even if you earn a large amount of money with cryptos, you can save a lot of money with the tax function if you pay taxes on your profits or losses.
Many crypto merchants end up paying tax on their entire profits, which is not the best thing, and with little planning and help from this tool you can save a lot of money every year.
As a full crypto portfolio app, CoinTracking offers many more features. The setup is pretty simple and here is how it works. You have several ways to add your coins. Depending on how you handle crypto, you can add coins manually, via .CSV or via the API. The API function is the fastest and automated way to import existing and new trades into CoinTracking.
You log in to your Exchange account and create a read-only API username and password. Using the Exchange Imports (API) you can then set up CoinTracking to automatically import new and existing trades. Don’t fall for the fake bots – trade with the real and best on the market.
What about safety?
All crypto exchanges offer an API function (free of charge), so we can use third-party applications such as CoinTracking, 3Commas or others to manage or trade crypto currencies. In the case of CoinTracking, you create a read-only API that ensures that the third-party applications can only import transactions and cannot trade or withdraw funds on your behalf. Once you use it, you will realize how easy it is.
Let’s learn by adding an exchange to CoinTracking using the API. In this case I will show you how to add the Binance Exchange API to CoinTracking. For other exchanges the process will be the same. Log in to your Binance Account Dashboard and click on Activate in front of the API. Enter your Google Authenticator or SMS authenticator code. Binance will send you a confirmation email. Click on the link to confirm the creation of the API key. Click on “Confirm Create” to display your newly created API key. Click on Edit and deactivate the “Activate trading” function. You only need the “Read Info” function.
Note: You will only need Read Info if you create an API key for portfolio management. This is how you restrict crypto trading or the payout of your coins. Now go to the CoinTracking Dashboard and click on Enter coins > Exchange imports (API) > Binance. Now copy the created API key and API secret into the field “Create new automatic Binance job”.
You can also set that an email is sent when a trade takes place. This is another smart way to keep track of your trades on an exchange. Click on Save this Binance job and Cointracking will start importing all past and new trades from now on.
Repeat the same process for all exchanges where you buy/sell/trade Kryptos. Now go to the cointracking dashboard and you will be able to view the entire portfolio. Well, this is how you start using the coin tracking app.
I have been using CoinTracking App for more than two years and it has been a real time saver. The automatic API import and the manual import function ensure that I am always at the top of my entire crypto portfolio. The realized and not realized function helps me to make the profit out of the old coins that I would have missed otherwise.
The CoinTracking App is a complete solution for all seasonal or per crypto dealer/HODLer. I like it so much that it is part of our recommended crypto trading tools.
Try CoinTracking and come back to share your evaluation and experience with us. If you like this review, share it with other crypto users who can benefit from it.