CoinTracking Review, Pricing & Free Tax Report

Cointracking is a tax tool for managing and taxing profits from cryptocurrencies and offers you free tax reports for up to 100 trades. With more than 1 million users, Cointracking is the market leader for crypto portfolio tracking for over 22,500 coins and more than 110 exchanges.

Since its founding in 2013, the tool has been continuously improved, expanded and optimised and offers you professional help with the management and taxation of your cryptoassets.

With Cointracking, you can keep track of all your coins, even if they are distributed across different exchanges.

All trades are recorded, analysed and clearly summarised in reports and charts - these make it easier for you to make better decisions for your investments and identify trends in cryptocurrency trading.

You can easily and quickly document your trades and transfers of cryptocurrencies by automatically connecting Cointracking to your crypto exchange (such as Bitpanda) via a secure API interface or by manually entering your trades.

The software not only shows you your account balance quickly and clearly, but also does this for every hardware wallet and exchange where you hold cryptocurrencies.

The practical and free Cointracking app for on the go shows you all the important information about your portfolio and sends you notifications about changes in the value of your coins.

And best of all - with just a few clicks you can create a tax report for your tax return.

Cointracking is by far the most comprehensive crypto portfolio tracker on the market. You can track the development of any cryptocurrency that is even remotely relevant. This feature is supported by the Cointracking app, with which you can also recently create transactions with your smartphone.

Historical data for the past 13 years can also be accessed with the tracker. The number of supported coins is constantly being expanded.

The most valuable feature of Cointracking is the automated tax report. Once your transactions have been recorded in the system (in the free version you can create your trades manually, in the paid packages automatically via API interface to exchanges and wallets), the creation of a tax report is done in no time with just a few clicks.

You can now use this tax report for your tax return or pass it on to your tax advisor.

Cointracking also offers you a worldwide database of tax advisors and law firms that specialise in advising on cryptocurrencies.

So if you want to be on the safe side when it comes to taxing your profits, you can also seek professional help from these tax advisors. 7 tax advisors are available for the United Kingdom, 67 for the United States and 9 for Canada.

You will also find a short guide with tax information for each country.

Even if the advantages of coin tracking strongly outweigh the disadvantages, there are also small disadvantages to mention.

The pricing structure is simple and clear - there is a free account for up to 200 transactions. In addition, there are fee-based packages for both beginning and professional traders. These are based on the actual use of the user and are cheaper compared to the competition.

In the Coin Trends section you will find a price list with over 22,000 currencies available on the market including price trend and current trading volume.

This provides an important overview of the market situation as well as current trends in which direction which coins can move.

For a large number of coins, the option of analysing the coin is offered in the Links section. In cooperation with IntotheBlock, analyses with signals are offered here that can significantly influence your decision to buy, sell or hold.

As an example, here is a picture of the on-chain analysis of Bitcoin (not current).

Cointracking has been around since 2013 - making it the world's first tool for cryptocurrency tax reports.

With over 1 million active users, Cointracking is currently the leading provider in the field of cryptocurrency taxation - and quite rightly so.

The constant development of the platform and the increasingly user-friendly access to the system make both the management and the taxation of Bitcoin, Ethereum and other assets (such as gold) quick, safe and easy.

Depending on the chosen plan (a free variant is also available for up to 200 trades), there are several options for investors to connect coin tracking to their own crypto portfolio.

On the one hand, there is the possibility of a CSV import, which almost all exchanges (such as Bitpanda) and hardware wallets such as the Ledger Nano S or the Ledger Nano X offer. Here, the CSV file simply has to be uploaded and all the data is already in the coin tracking dashboard.

On the other hand, API interfaces are available for a very large number of platforms and hardware wallets that establish a permanent connection after a one-off set-up and automatically import every trade into Cointracking.

Once the data has been imported, all trades and current values are clearly displayed on the basis of many diagrams.

The Cointracking smartphone app also offers a quick overview of the current value of the portfolio while on the move. Furthermore, the app sends relevant price fluctuations and price alerts directly to the user via push message.

Last but not least, Cointracking is also attractively priced for all users. From the free account (incl. 200 trades and CSV import function) to the monthly, annual and biennial payment options, which are favourable compared to the competition, everyone will find a suitable tariff. Lifelong licences with a one-off payment are also available.

Cointracking is unreservedly recommended for every cryptocurrency holder. Anyone who wants to manage bitcoin and other cryptocurrencies quickly, easily and securely and pay tax on them correctly should definitely try out the free plan.

Mag. Tibor Gludovatz

Editor

Last Update: 06.01.2023

Below you will find instructions on how to use Cointracking.

Creating a free coin tracking account is quick and easy. Set your username and password on the start page and click Sign up for free.

In the following step, you define the country and currencies (you can change these entries later). All steps are explained again in the following video.

Video: Set up a Cointracking account

The Cointracking Dashboard gives you a detailed overview of your cryptocurrency portfolio.

In addition to the total value of your portfolio, the individual coins and trades are also broken down separately and also show the current value of the respective coins. In addition to a variety of statistics, there is a timeline in the lower area that lists all trades chronologically with texts.

Video: Cointracking Dashboard

Enter Coins & Trades

In order to fill the dashboard with information, it is necessary to import your trades. This can be done automatically via a CSV file, Excel file or a custom import provided by the cryptocurrency platform used.

To do this, click on Enter Coins > Manual Entry. By clicking on the respective logo of the listed cryptocurrency platforms, detailed step-by-step instructions are given on how the import can be carried out quickly and easily.

As an example, we show you the instructions for Bitpanda here:

Coin imports via the API interface

In the paid tariffs, you can connect your exchange via the Cointracking API interface. All trades will then be imported automatically.

As an example, here are the instructions for the API import from Bitpanda.

Video: Entering trades with automatic API import

To do this, click on Enter Coins > Exchange Imports (API) and select your crypto exchange. You will then receive step-by-step instructions on how to connect your exchange to Cointracking.

Enter coins & trades manually

Alternatively, you can also enter your trades manually. To do this, click on the NEW button, which opens an input mask that asks for all the important information about the trade.

Video: Entering trades manually

How do I create a Cointracking tax report?

Under the menu item Tax Report, it is possible to issue a tax report for one's own portfolio for a specific calendar year. In the free version, this report is limited to 100 trades; for trades exceeding this, a paid version of Cointracking is necessary.

You can use this tax report as a basis for your own tax return or give it to a tax advisor for further use.

Video: Create a tax report

By clicking on the red button Generate a new Tax Report now, the desired settings for the output of the tax report are requested.

Here you specify the tax year and the tax method used in your country. Furthermore, you specify the tax rate at which profits within (short term) and outside (long term) the speculation period are taxed in your country.

Click on the red button Generate a new Tax Report now! to generate a tax report according to the settings, which can be used in the tax return or passed on to the tax advisor.

Your tax report contains a capital gains report as well as a list of all income, mining, donations, expenses and losses. In addition, you will receive a final report on unsold positions, which includes all coins you still own, including their cost basis.

The following wallets support data import into Cointracking:

• Bitbox
• Bitcoin Core Client
• Blockchain.info
• Electrum
• Exodus
• Gatehub
• Ledger Live
• Mycelium
• Trezor

Data can be imported directly from the following blockchains:

Cointracking is a software for crypto portfolio tracking and tax reports. After entering your trades manually or automatically, you can track your crypto portfolio, see live prices and create detailed tax reports.

Cointracking can be used free of charge for up to 200 trades. Automated tax reports can be created free of charge for up to 100 trades. If 200 trades are exceeded, there are a variety of attractive tariff levels that provide the right package for every user.

The cheapest alternative is the PRO version in a 2-year subscription, which is charged at only 7.99 EUR per month. Competing providers charge significantly more for the same or a smaller service portfolio.

Through our partnership with Cointracking you get a discount of 15% of the purchase price on all rates. Activate the discount by clicking on the button. At checkout, 15% discount will be permanently deducted from the price (if you pay in Bitcoin, otherwise the discount is 10%).

After you have entered all your trades and transactions, you can generate a tax report with just a few clicks. The generation of the tax report then only takes a few seconds.

In the free tariff, you can use Cointracking up to 200 trades completely free of charge. The automatic tax report supports up to 100 cryptocurrency sales. In the free tariff, trades can be imported via CSV file, in the paid tariffs automatically via API.

If you have exceeded the free 200 trades, you should switch to the PRO tariff in order to continue to be able to record all trades without gaps. In addition, the PRO version offers you the automatic import of your trades via an API connection.

This allows you to connect Cointracking to your exchanges and a hardware wallet and automatically record all trades there (in the free version, only an import via CSV file is possible).

If you want to generate a tax report, an upgrade makes sense if you have to document more than 100 transactions. In the free version, you can only include a maximum of 100 trades in the tax report.

Cointracking is suitable for all user groups - from beginners to experts, from hodlers to day traders. Due to the simple user guidance, the learning curve is very flat - an automated tax report can be created with a few clicks and given to your tax advisor.

Only income from profits must be taxed. There is no tax liability on the sale of cryptocurrencies at a loss.

Cointracking supports over 22,000 coins. You can find the complete list under the menu item Charts & Trends > Coin Trends.

Through 2-factor authentication and SSL encryption of the data via the Cointracking API interface, a very high level of security is guaranteed during data transfer and it is also possible to create backups of your trades yourself.

Furthermore, the API only has reading rights to import data - so it is not possible to trigger transactions or other sensitive actions.

Basically, it can be said that using the Cointracking API interface significantly increases the convenience of tracking your cryptocurrencies, but it is not mandatory to use it.

Yes, when importing wallets, you can also specify that a transaction is entered as mining. In this way, mining activities can be documented continuously and automatically; the value at the time of mining is entered. These activities are also recorded in the tax report.

You can choose between different methods. Depending on which tax method is allowed in your country, you can choose between the following methods:

• FIFO (First-In First-Out)
• LIFO (Last-In First-Out)
• HIFO (Highest-Cost First-Out)
• LOFO (Lowest-Cost First-Out)
• HPFO (Highest-Price First-Out)
• LPFO (Lowest-Price First-Out)
• HAFO (Highest-Amount First-Out)
• LAFO (Lowest-Amount First-Out)
• AVCO (Average Cost)
• ACB (Adjusted Cost Base [nur für Kanada])
• HMRC (Her Majesty's Revenue and Customs [nur für UK])
• OPTI (Optimierte Berechnung [spezifische Identifikation])
• ZERO (Gewinn so nahe wie möglich an 0 [spezifische Identifikation])

Where is the German company Cointracking based?

Cointracking is a German company based in Munich. You can find the company data here:

Cointracking GmbH
Pasinger Str. 16
82166 Gräfelfing / Munich
Germany

CEO: Dariusz Michael Kachel
VAT-ID nach § 27a UStG: DE 815729364
www.cointracking.info

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Date created: 12.01.2018

‍Published: 12.01.2018

‍Last Update: 23.04.2023

‍Editor: Mag. Tibor Gludovatz

‍Publisher: Bitcoin Kaufen - Online