Entering/Tracking your trades
The first step to track your portfolio is to make sure that all the purchases, withdrawals and trades are exported from any exchange/wallet you use are imported into Cointracking App. This can be done in three ways Enter manually, Import from Exchanges or automatically via the API if your exchange supports it. I had to use a combination of all these three to keep my portfolio upto date.
- Manual
- Entry for my balances from Steemit
- Imports from exchanges
- Automatic Imports through API
- Wallet Imports
- Sync from my Ether Wallet Address (Using this primarily for ICOs)
- I have ordered Ledger Nano and will need to check how to sync with it once it arrives.
Manual Entries
Make sure to enter all the relevant details. Remember to enter all the optional data as well as it can save you when you are trying to delete the trades or edit them. Trade Group helps your group one kind of trades and give details comments to remember later why you had to do a manual entry. Follow this diligently and you will thank me later.
Exchange Imports
In my case CEX didn't have an API and hence I had to go with exchange import option. Cointracking does a cool job of letting you know what kind of transactions are supported by the export provided by the exchanges. Keep an eye on this. Some exchanges doesn't provide you details about deposits and withdrawals. This can have an effect on your summaries. You might need to keep track of those and create manual entries for those to keep your Dashboard upto date.
You need not worry about the duplicate imports as each trade has a unique tradeId and based on it Coin tracking will import only the new trades.
Automated API Imports
Cointracking gives you the details of the supported actions in the API import.
Be careful if you are using the API for syncing your trades. I would suggest enabling the APIs in the exchanges only after enabling the Two Factor Authentication(2FA) and make sure that you only enable the read access in the API. When I was trying to enable the API for Binance I realised that they have all or none access. So your API will either have both Read and Trade access or none. When I saw the API integration screen of Binance I could see the bold read warning message from Cointracking saying that they do not save the API secret key as it has trading access as well. This was good sign for me and my confidence in Cointracking increased after this incident. It is still foolish that Binance doesn't have access restrictions on their API.
Wallet Imports
I have never been comfortable with Offline wallets as I fear that I will miss my private keys :P I have always held back on creating one as there is no way to regain the stash if you loose your private keys. But I had to create one for ether as I wanted to participate in a couple of ICOs.
As you can see from the pic Cointracking has support for Electrum and Exodus imports. I hope going forward they will add support for more wallets.
It also has support for monitoring your Bitcoin, Altcoin and Eth addresses meaning it can track the transfers from wallets and it also has a nifty feature of sending out a notification to you when a transaction happens from your wallet. I think that is very handy.
helpful guide
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have been using CoinTracking for the past two years and all I can say are good things. One of the smartest customer support I've ever experienced. I've used about 4 other portfolio tracking, and none come close to what CoinTracking offers, usability and design is great.
The companion app is amazing as well. Now I can quickly see a snapshot of all my investments, regardless of where they are located, in one easy to use app.
Although the free version is good, import each CSV file from each exchange is time consuming, with the PRO version all your transactions are up to date with one time setup.
You can use my affiliate link which gives you 10% discount.
Hope this helps!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post I was also looking for a portfolio I can track my binance in using API but CoinTracking is charging $200 something bucks their buggin! You have to go pro to get that feature I cannot only use a manual trade option because I make money from my binance referrals and this can only be tracked using API
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If you are an active trader and want to keep tabs on your trades the charges might be worth it. Otherwise it is on a higher side. Do let us know if you find any better alternatives.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for writing this up! I'm still a bit confused by what "Groups" is meant to be used for. A lot of mine had "Exchange" pre-filled – Idk if that was from API imports or CSV files. What kind of values do you put in "Group"?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit