Cointracker is a cryptocurrency portfolio management application. It helps you track your crypto assets and keep an eye on the market.
In this cointracker review, we will be looking at what cryptocurrency portfolio management is and what cointracker entails.
Cryptocurrency portfolio management
Cryptocurrency portfolio management is the process of managing your cryptocurrency investments.
Cryptocurrency portfolio management services help you manage your cryptocurrency investments by tracking the performance and value of your cryptocurrency portfolio. These services will often provide advice and analysis on whether to hold or sell certain cryptocurrencies and when is the best time to buy or sell.
What is a cryptocurrency portfolio?
A cryptocurrency portfolio is a set of all the cryptocurrencies you own. This includes the total value of each coin and its market cap, as well as its percentage of your overall portfolio.
For example, if you have USD 100 worth of cryptocurrencies and you own 10 coins with 1% each, then your portfolio would be worth USD 10,000 ($100 x 10 coins).
Cryptocurrencies are digital currencies that exist only on the internet. They are not printed, like fiat currency (the dollar, euro, etc.), but are created using a process called “mining”. Mining is basically when computers solve complex mathematical problems to verify transactions on the blockchain (a public ledger). Miners receive a fee for their work and newly minted coins go into circulation.
Cryptocurrency portfolio management is a major part of being a successful trader. The crypto market moves daily and it can be incredibly difficult to keep track of your assets. This is why we have put together this list of the best cryptocurrency portfolio management tools.
Portfolio management tools are designed to help traders keep track of their assets and make sure they are performing as expected. They can also help you with things like tax reporting, which is something that many people don’t think about when they first start trading cryptocurrencies.
There are many different types of cryptocurrency portfolio management tools available, from simple ones that do nothing more than give you an overview of your holdings, to advanced ones that will help you make better investment decisions by analyzing data on the exchange itself.
For example, some platforms will allow you to set up alerts so that if certain prices reach a certain threshold then you will receive an email notification telling you about it. Other platforms allow you to create multiple portfolios or accounts so that if one account loses money then another account can make up for it, this way your entire portfolio does not suffer if one trade goes wrong.
In this article, we will be talking about a cryptocurrency portfolio management platform known as cointracker.
Cointracker review: what is Cointracker?
Cointracker is a cryptocurrency portfolio management platform that was launched in 2014. It is a desktop application that allows you to track your crypto investments in one place, as well as check on your hardware wallets and exchange accounts.
The platform has been designed with a very simple interface and offers some interesting features like real-time price alerts and market data, which can help you make the right decisions when trading cryptocurrencies.
Cointracker helps you keep track of all your crypto assets in one place. You can import all your wallets into the app, and then use it to monitor the value of your cryptocurrencies. It also allows you to see how much each coin is worth in real-time, which makes it a great tool for keeping track of trends. The main benefit of Cointracker is that it can be completely free and easy to use. The only downside is that it does not support every single cryptocurrency out there (yet).
Cointracker is free to use but some premium features require an additional subscription fee.
Cointracker review: how does it work?
To use Cointracker, all you need to do is first create an account. You can sign up using your email or Facebook account, or directly connect your wallet address by scanning its QR code.
Once logged in, you’ll be able to see all your transactions from all the wallets associated with your account. You can also see the exact amount of money spent on each purchase and sale transaction for each cryptocurrency.
Another useful feature of this application is its ability to create price alerts so that whenever a certain currency hits a certain price level, you’ll be notified via push notifications or email alerts straight away on your mobile phone or computer screen.
Cointracker review: the features
Cointracker is a cryptocurrency portfolio tracker for iOS, Android and the web. It provides you with price alerts and helps you stay on top of your crypto holdings.
Cointracker lets you add all your cryptocurrencies and tokens in one place. You can also easily track your profits and losses, as well as the market value of your coins and tokens.
Cointracker review: Features of Cointracker
– Price tracking: You can easily check the latest prices of the coins and tokens that you have.
– Alerts system: You can set up price alerts for each coin or token that you own. The app will then notify you when there is an important change in price.
– Portfolio management: A cryptocurrency portfolio tracker that allows you to keep track of all your trades in one place. You can see the current value of your holdings in different currencies like USD, EUR or BTC and other altcoins.
You can also add multiple wallets and exchanges to Cointracker to get an overview of all your accounts at once. It also provides stats like ROI (return on investment) which are very useful for investors who want to keep track of their investments over time.
– A calculator: This helps you estimate how much tax you owe on crypto profits. Tax reporting is a complex topic with many factors involved, so it is best to check with a professional accountant before filing taxes if you have made significant gains from trading cryptocurrencies.
You must report all your trades correctly because failing to do so might lead to fines or even criminal prosecution depending on how much money you made trading cryptocurrencies in a given year (or even month).
– A tax report: This allows users who have already filed their taxes for 2018 (or earlier years) to import their data into Cointracker and see how much money they’ve earned.
– Cryptocurrency Exchange Integration: This feature allows users to import their trade data from exchanges such as Binance, Bitfinex and Kraken into their portfolios on Cointracker. The software allows users to import all their trades into one place so that they can easily view their performance over time and analyze which coins have been profitable for them in the past.
Cointracker review: what exchanges does Cointracker support?
Cointracker supports over 300+ exchanges, it gets really extensive but you can always check the complete list here.
Reviews on some of the popular exchanges supported by cointracker are listed below:
Cointracker review: who is it for? Pros and drawbacks.
Cointracker is a cryptocurrency portfolio management service that allows you to track your crypto assets in one place. The service is available as an online platform or via an app that can be downloaded on Android and iOS devices.
Cointracker was founded by a team of finance professionals who wanted to provide crypto investors with a tool to manage their portfolios. The service is built for individuals who are new to crypto as well as more experienced traders. It is a premium tracking app for crypto currency investors. It has a mobile app and a web platform.
Cointracker is one of the most popular cryptocurrency portfolio trackers. It has been around for years and has a decent reputation. The app allows you to track your holdings across multiple exchanges, including Binance, Bitfinex, Bittrex, Coinbase Pro and many others.
Pros of Cointracker
Free. The mobile app is free to download from the App Store or Google Play Store. There are also browser extensions available for Chrome users that let you track your investments without having to log into the website every time you want to check up on your portfolio.
Multiple exchanges support. You can add as many exchanges as you like and Cointracker will automatically keep track of the coins that are held on each of them. This makes it easy for you to monitor all of your coins in one place and make sure that nothing gets lost in the shuffle of moving them around from exchange to exchange over time.
Easy data entry method. Unlike some other apps which require you to manually enter each transaction manually (which can be very tedious), Cointracker automatically grabs this information from each exchange once it becomes available on their end and updates it in real-time so there is no need for manual entry.
Drawbacks/Cons of Cointracker
Cointracker is one of the most popular cryptocurrency analytics and portfolio management tools. It provides users with a wide range of features, including real-time price alerts and detailed graphs. The platform also supports over 1000 cryptocurrencies, including Bitcoin, Ethereum, Ripple and many others.
However, as with any other tool on the market, there are some drawbacks that you should be aware of before using it. Here are some drawbacks of cointracker
1) The biggest drawback of cointracker is that it’s not as intuitive as some other options. The interface can be overwhelming and difficult to navigate, especially if you’re new to cryptocurrency trading.
2) Cointracker is also more expensive than most other solutions on the market. While many companies offer basic services for free, cointracker charges a fee for all their services. And while they do offer discounted plans for multiple users, they still cost more than most other options out there.
3) Lack of old-school trading tools and it seems to be built specifically for the US market.
Cointracker Review: Is It Safe?
Cointracker has been around for years, so you might be wondering if it is safe to use. The answer is yes! It is a fully legitimate service, and there have never been any reports of users losing money or personal information through Cointracker.
It also does not store any sensitive information about you on its servers. All data is kept locally on your computer or mobile device, which means that no one can access it except for you.