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

[bitass]

Hi, I know Cointracking doesnt have like-kind exchange feature currently but I think it's a needed option for people that wanted to use like-kind exchange for all their previous tax years. I think this is a very important feature atleast for me and I'm sure many people will need this too

[mgultz]

Just bought the software (lifetime Pro version). I am managing 2 portfolios and want to report separately on them for tax reasons but would also like to see an aggregate total of both on the dashboard. I have one of the portfolios currently setup in cointracking accurately. Is there a way to add the other and report on them separately for tax purposes? If not, what strategy do you recommend with the software? Please let me know. Thanks!

[efsaturn]

people keep asking if anyone from cointracking is here.   I just read on the site (I forget) it was posted 12/30 that they are totally busy with help tickets.   They will not help people with individual set up ?'s or tax ?'s.   Etc Etc.   It said they are working round the clock on support tickets and trainer new customer support.   

I hope they can scale up and make the necessary improvements and fix the broken api from binance.   And the other suggestions from late Dec 2017.  I also bought Pro and waiting for API data to load.  Fingers crossed. With out this it said I had 16 bitcoin.  I WISH!!!!!!!!!!!!!!

[efsaturn]

on 12/27 someone commented buying this for API and then finding out Coinbase doesn't work.  I seem to also still have this issue.  I hope this kind of stuff is high on their priority to fix instead of only doing help tx. Maintaince of the software should be ongoing.

[SteelHead]

BINANCE HAS AND IS CAUSING API & TRADE ISSUES...
They are trying to stop micro trades and manipulation of pricing. Instead they are screwing up regular traders who happen to trade fast MANUALLY.

May be time to move my portfolio.

CT should not list this thread as a resource if they are not going to monitor it. I DON'T CARE HOW BUSY THEY ARE.

[StopYourself]

I am also having issues with Binance API import. Keys returning invalid or connection error.

Hi, I'm sorry if this was answered before, but there seems to be a problem with importing from the Binance API. The CoinTracking website tells me that the API key is invalid. Can you guys tell me what's the status of this and if the CoinTracking stuff is aware of this, or should I write directly to them? All other API imports that I've done worked fine (Bittrex, Cryptopia, Poloniex). Thanks.

I am currently experiencing the same Binance problem. I did have a successful Binance API import at 7am EST however. Now as mentioned above CT import area says Key Invalid.

Also just started having issues with Binance API.  I found this on CoinTracking Support Desk Forum:

"The validity of the key is determined by the exchange.

When the API is overloaded, it breaks off mid transfer. Thus an error message appears even though the key is correct.

We apologize for the inconvenience, but there is little we can do from our side. If no data is given, we can not import anything.

[January 2018]"

[p33k]

Are there any CT staff monitoring this thread....HELLLO

I came looking in this thread before purchasing... Not making me feel warm and fuzzy about it.

[SteelHead]

Binance API issues are making me trade somewhat blind...CT made me lazy trying to figure percentages manually bites. The way the Alts were pumping it almost didn't matter it was hard to set my sell points so high...now thats a problem I want more of.
Binance is also choking your ability to quickly change sell during a pump...this is intentional by Nance to free up server space.

Can u imagine the money they are making     

[cryptur]

I just realized all you need is:

https://api.crypto-bridge.org/api/v1/ticker

Hi

is there a chance you could work on auto imports from exchanges that run on the bitshares network

like cryptobridge is?

http://docs.bitshares.org/api/

they have this easy accessible api for the open ledger and you can simply import from there

should be a piece of cake for you (or might be even there already and I missed it?)

thanks!

please let me know if you need more than that

[SteelHead]

Well, now neither of my API's for Bittrex or Binance are working.

Anybody else having these issues? 

[SteelHead]

Be VERY CAREFUL Trading on Binance right now...conversion in trading area from BTC to USD is WAYYYY off. I just made a killing because peeps were not paying attention. I only have noticed this on one coin but would suspect it is on others.
Make sure u use the BTC price

[ethron]

How can i import wallet value XLM and linx?

[TOPBILL]

Be VERY CAREFUL Trading on Binance right now...conversion in trading area from BTC to USD is WAYYYY off. I just made a killing because peeps were not paying attention. I only have noticed this on one coin but would suspect it is on others.
Make sure u use the BTC price

They were paying attention. Tether is not real USD and can have a supply and demand issues when BTC takes wild swings on an exchange. It's goal is to be EXACTLY $1 but that never happens. https://coinmarketcap.com/currencies/tether/ Sellers are sometimes forced to trade with a 10-15% hit but they just swap into another coin that also has a 10-15% discrepancy. They balance out as the discrepancy can be across all the coins but then slowly corrects with time. When BTC quickly jumped to almost $20K people tried to convert to USDT but there was a massive shortage on exchanges. They took massive hits and Tether shut down for many hours so you couldn't even cash out.

Holding Tether is very risky. You have to realize you're taking a calculated risk when converting to it. Most likely 100's millions of fraudulent Tethers are being used for margin lending, BTC price manipulation and fake transactions. Someday it will be headline news.

[wKiV7378U]

Some of our new features, we have worked on and released the last few weeks. Enjoy

New Imports:
- Bitfinex (supports now Orders and Margin Trades)

Hi Dario,

Thanks for making this website.  I purchased a 1 year license the other day to help me do my taxes for 2017.  I have been margin trading on bitfinex this year, and when I import my bitfinex trades, I get a wildely inaccurate balance of my current coin holdings.  This makes me think that something is wrong with the bitfinex import and margin trades.

Dont you also need to import the wallet reports from bitfinex to match all the margin fees that are taken out daily?  I think this is counted separately from the trade fee column in the trade report.

I'm really hoping we can get this sorted out because I have a massive headache on my hands right now.  I cant seem to find a service that works for importing bitfinex margin trade data.

I sent an email to your support but thought Id post here as well...

Thanks in advance!

[mtaboneweb]

I am really hesitant to pay for this service. CSV imports are really inaccurate if they import at all so I want to do the API integration but won't pay 0.012/0.019 BTC for something without knowing it will work. Not getting much confidence reading this thread since I've used several wallets plus Kraken/Coinbase/Binance all recently. This is a ridiculous price to pay if it doesn't work correctly.

I did so much with trades/transfers/etc. before I ever got serious about trying to keep track for taxes so this would be great if everything worked right. They really should prove things work with a trial before getting money out of people which they could easily do by showing you everything without providing essential reports for taxes and locking you out if you decide not to pay. But... again... I don't like the idea of paying so much hoping things will be accurate after they have my money.

Has anyone had good luck with this service or can suggest another that does a good job? I get this is all still kind of new and technical and difficult to track but...

[element8]

Today I've noticed CoinTracking is way off in reporting the values of certain coins.

TRIG is reported as $42.47 USD - CoinMarketCap it's at $5.55
WIN at $0.03 USD - CoinMarketCap $1.86

These values are not even close.  Unrealized gain report is showing me 623% gain on TRIG, when in fact I'm at a slight loss.

[element8]

Nevermind, just realized what's going on.  When manually importing trades from Binance it imported some coins incorrectly.  TRIG imported as TRI, etc.  Be careful when doing manual imports from Binance.

[SteelHead]

Binance and it's API issues caused my whole CT tracking portfolio to be a screwed up mess of inaccurate balances. Can I just bulk delete all my Binance trades and then let them reload fresh? Should I let the API handle it or would a full reload with a CSV be a better option.

FYI I have a couple thousand trades so manual repair not an option.

For those that do try and manually fix inaccuracies, CAUTION, if you are not very very careful you will do more harm than good IMHO.

[SteelHead]

Be VERY CAREFUL Trading on Binance right now...conversion in trading area from BTC to USD is WAYYYY off. I just made a killing because peeps were not paying attention. I only have noticed this on one coin but would suspect it is on others.
Make sure u use the BTC price

They were paying attention. Tether is not real USD and can have a supply and demand issues when BTC takes wild swings on an exchange. It's goal is to be EXACTLY $1 but that never happens. https://coinmarketcap.com/currencies/tether/ Sellers are sometimes forced to trade with a 10-15% hit but they just swap into another coin that also has a 10-15% discrepancy. They balance out as the discrepancy can be across all the coins but then slowly corrects with time. When BTC quickly jumped to almost $20K people tried to convert to USDT but there was a massive shortage on exchanges. They took massive hits and Tether shut down for many hours so you couldn't even cash out.

Holding Tether is very risky. You have to realize you're taking a calculated risk when converting to it. Most likely 100's millions of fraudulent Tethers are being used for margin lending, BTC price manipulation and fake transactions. Someday it will be headline news.

Agree 100% on the Tether...used it once on a small trade until I did some investigation. Tether has got to be the worst executed idea (which is a good one) in Crypto. Their collusion with Bittfinex may cause a crash bigger than Mt Gox X 10 BS.

I was trying to say the USD equivalent next to the BTC amount in the trade fill box was way off, like $2 each off and u could tell from some orders being placed that traders (I use that loosely) were thinking they were getting a deal on the trade which indeed was really $2 higher per coin. I did a conversion when I spotted it and threw a couple K at it and did very very well .

[Fabriz]

But for tax purpose is enough the profit report? Or i have also to pay tax for the income report (staking, shared profit, mining...) ?