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This article is the second part of the previous article. In this section I will explain in detail some very important features to know from the Cointracker.io platform.
Please read Why CoinTracker Can Be The Most Reliable Crypto Tracking Platform? Here's the Full Review!
As I've already said, Cointracker.io is a platform that can track your portfolio managers and cryptocurrency taxes. This crypto tracker platform can work for 2,400 more types of cryptocurrency. By utilizing this platform you will find it easier to read or track crypto portfolios.
The platform will allow you to track portfolios in the wallet, and crypto trade exchanges. Information that is transformed from the platform into your dashboard data is tracked in real-time. It is very important for you to use unique services to increase your understanding of investment opportunities.
By understanding the portfolio in detail, you will find it easier to enter a list of crypro that are likely to be profitable. In addition, the portfolio will be very important to minimize the risk of loss to your shares and investments. You can pay attention to the class and securities of each crypto group that is being invested or that will be invested.
31 Exchange Markets | Image : Screenshot by platform CoinTracker.io
The platform supported by more than 31 exchange markets can build your portfolio on crypto investment. There are various types of crypto that can be selected, such as BTC, ETH, or LTC and various other tokens. This of course will reduce your confusion in choosing asset combinations for investment portfolios.
"Our main reason to date is to focus on UX. There are many other tools but one thing that really resonates with our users is that we have made it easy to use for everyone."
Image : Screenshot by platform CoinTracker.io
This platform is designed with various features that are easy to use for all users.
The following are the features available on the platform:
There are Various Tax Accounting Methods
If you choose to make a tax form, you can use a variety of different accounting options. You can choose the method according to your needs. However, before choosing this accounting method it would be better to first consult a tax advisor. The five accounting methods have been registered with highly trusted services. The service is FIFO with the "first entry - first exit", LIFO with the "last entry - first exit", ACB with the "adjustable cost basis" method, HIFO with the "highest entry - first exit".
Can Propose Tax Making
Some investment traders desperately need low portfolio data and are added with capital gains reports as well as the IRS 8949 form. To get the maximum service, you can choose the tax form service. This form will be used to report capital gains data for tax purposes. To get this service, you need to subscribe by spending a few fees.
Usually the need for data capital gains depends on how many trades you will calculate. So the more data you need from each trade, the more expensive the tax forms will be.
The cheapest subscription fee is $ 49 for one year to analyze 100 transactions. Or maybe you choose to subscribe to another package for $ 149 which can analyze 1000 transactions. Or choose a $ 399 package that can analyze 4,000 transactions. Or choose a $ 999 package that can analyze 15,000 transactions.
In addition you can also subscribe to get unlimited services. To get information about the amount of costs to be incurred you can contact the CoinTracker team.
Free Trackers
In addition to providing a subscription feature by issuing a number of fees, you can also choose the portfolio tracking feature for free. That's why CoinTracker has been integrated with TurboTax and TaxAct.
Can Synchronize Your Exchange Wallet Automatically
This feature enables automatic wallet synchronization that can adjust portfolio values when prices rise and fall. There are around 31 exchange wallets that have been supported by this platform. Some of them are Bitfinex, Binance, BTC markets, CEX, Coinbase, Bittrex, Bitstamp, Coinspot, Coinsquare, Kucoin, Liqui, Poloniex, Huobi, HITBTC, and several other exchange wallets.
Available in the form of applications for iOS and Android
Cointracker can be downloaded for iOS and Android. When viewed through the PlayStore, this application is rated at 3.9 with 23 reviews. By installing this application on your mobile, of course, it will make it easier for you to get service every day with just a few finger touches.
Those are some of the main features that are very important for you to know before using this platform.
Image : Screenshot by platform CoinTracker.io
If you want to know portofolio performance, then the tab is the "Performance" section at the top of the screen that will show your portfolio tracker simply and easily you understand. The data in this section is collected from all cryptocurrency wallets.
With its various benefits, I highly recommend that you use this crypto tracker platform. Because one of the main benefits of this platform is to make it easier for you to increase your investment. In addition, the existence of a tax form making service is also of more value than this platform.
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DISCLAIMER :
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.