CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies

[Surfing_Pirate]

First time user here. I imported the history of my GDAX and Gemini trades but it's not reflecting an accurate value of my BTC from GDAX. I have nearly 0.5 BTC balance in GDAX but my balance in CT is $4k in BTC, which is missing something.

Do I need to import the GDAX wallet?

[danilakripta]

PLease add ADA

[rasman]

Please let us know when you guys will include adjusted cost basis reporting used in Canada into your tax formula.  Really need it for reporting 2017 trades!!!  Thanks!

[alex_cheese]

Hi.

You're app is great and I went for the Pro version recently. Unfortunately I'm still having to manually add my deposits and withdrawals from LocalBitcoins (as I'm sure you know). However, I noticed that LocalBitcoins allows you to export your transaction history (not just trade history) as a csv. It can be found by on LocalBitcoins.com -> wallet -> transactions -> specific month/year

e.g. https://localbitcoins.com/accounts/wallet_transactions_monthly/2017/10/

Given that you can export this transaction history, is an automated import to CoinTracker possible? It would make my experience much more positive.

Cheers

[mcfly66]

Is it possible to see the profit/loss on a single isolated trade? i.e. not averaged out across a whole coin?

Thanks

[shaf81]

It was only recently I started to use CT and I love it.

I've been trading on Bittrex for a while now (before I got CT) and my trades have been a mess. I would like to start fresh and keep track of everything on CT.

I can't figure out a way to delete all my trade history from bittrex. I doubt if they allow it at all. So the only other alternative would be to open a fresh Bittrex account.

But it would be rather easier if CT allows to import only trades after a specific date and ignore everything before that, so its as good as dealing with a fresh bittrex account. I plan to import via bittrex api. Anyone knows if this would be possible?

I cannot think of any other solution that would fulfil my use case.

[mylo123]

is anyone having issues with the bitfenix API , it dosnt seem to import all the trades , the only way I can get the correct info is to delete all the data and do a manual import

[leetrongway]

Is there any way to change colours on the coin diagram 'Value each Currency in EUR.'
There are too many kinds of blue on 1 circle diagram right now and that makes it a little messy when there are numerous coins on 1 diagram.
Can we customize the colors?

[jonathan3306]

This looks like a really cool project, I usually avoid this type of thing because of privacy concerns, well that and coin security. What kind of personal info is shared and with whom using this service? Thanks

[Sleddriver1]

Can a US resident tell me whether the IRS allows the use of "Best Prices" or "Counterpart Prices" when calculating gain/loss, or must "Transaction Prices" be used?

I believe you should be able to use Counterpart Prices, as it seems Transaction Prices ignore fees, etc.

Thanks!

[realrover]

Please clarify how account information (trades and gains) is protected from viewing by any parties other than an account holder. Do you use encryption for data storage? Is it client- or server-based? How strong is it? Under what circumstances could it be retrieved by not a holder? I'm asking because this is very sensitive info which being obtained by a third party observer could cost a lot for the holder. You have an awesome product, I'd pay for it, but I need to get security clarifications first. Thanks.

[oceansawai]

Please could you add support for WAB (Wabi). I tried to import transactions from Binance but CoinTrackingInfo didn't take it.

Thanks!!

[Fabriz]

Do you suggest tu use withdraw and deposit or put inside only the trade? Using only the trade it’s more simple

[Sprucemoose78]

I'm trying to make sense of my trading gains and mining revenue using CoinTracking. But I can't figure out the 'mining cost basis'. As I understand, the cost basis of mining can be set to either:

1) The value of the coins at the time it was mined or...
2) Zero.

As I understand my country's tax rules (Norway), the base cost of mined cryptocurrency should be equal to the cost of producing that currency (like commodities: labor, raw materials, power etc.). For a mining rig, this would be the electricity cost consumed and (maybe) a part of the cost of the hardware itself.

Now, I can't find a way of specifying a custom base cost of mined coins.

If I understand the tax rules correctly, I could just divide the the cost of electricity consumed by my rig in 2017 with the number of coins mined in 2017. This would then be the 'mining cost basis' per unit of currency. Is there a way of telling CT to use a custom value besides just zero?

[Fame360]

Hi Dario,

I'm trying to sync up my Ledger Nano S Ripple Wallet but your Alt Coin wallet list doesn't have XRP on it.

Could you add that?

[Evanston45]

Totally confused....Just paid $300 for 2 year plan, uploaded all API's and can't get a accurate picture of my account. Am I supposed to put in my Wallet info too? For example, I have 5000 ripple and 4000 ARDR on a wallet which I transferred to after purchasing on Bittrex. The value in Cointracking says zero for both but has a incorrect high bitcoin number listed. When I transfered the ripple and ARDR to my hard wallet, does bittrex/cointracking think I cashed it for BTC? Does it no longer count if I've put the coin on my hard wallet? How can I correct it to show my balance?

[soothaa]

Any Christmas sale going on?

[Fabriz]

Totally confused....Just paid $300 for 2 year plan, uploaded all API's and can't get a accurate picture of my account. Am I supposed to put in my Wallet info too? For example, I have 5000 ripple and 4000 ARDR on a wallet which I transferred to after purchasing on Bittrex. The value in Cointracking says zero for both but has a incorrect high bitcoin number listed. When I transfered the ripple and ARDR to my hard wallet, does bittrex/cointracking think I cashed it for BTC? Does it no longer count if I've put the coin on my hard wallet? How can I correct it to show my balance?

Because you imported deposit and withdrawal from the api, so if you move out from the exchange you need create a IN Deposit move for the coin.
Otherwise you could importing from he api only the trades, so you'll have the correct amount for each coin

[jona]

This  really make sense so i can track my mining revenue and trading gains here,wish i have know this earlier than now.

[azertypaco]

Please let us know when you guys will include adjusted cost basis reporting used in Canada into your tax formula.  Really need it for reporting 2017 trades!!!  Thanks!

I think your comment just made me realized why my gains according to cointracker are a few thousand higher than they should be.

So basically the trading fees need to get taken into account into the gains/losses of each individual trades right?
So if I take the Cointracking gains and then substract all the trading fees, that should give me my real taxable gain right?  Or much closer than it is now for sure.

Anyway, I need this as well for my Canada taxes! 
I purchased a PRO account just to do my taxes so it needs to work.