CoinTracking: Follow your transactions and facilitate your declarations

CoinTracking, founded in 2012 and launched online in April 2013, was the first platform to offer both cryptocurrency tracking and tax reporting. Its 10 years of experience have enabled it to develop particularly advanced and precise functionalities. Thanks to its seniority in the ecosystem, CoinTracking has also been able to build a vast network of partners who enrich its offers and provide more flexibility to users.

An all-in-one tax tracking and reporting platform

CoinTracking, a German platform (headquartered in Munich), was designed as an all-in-one tool with two main components: tax reporting and cryptocurrency tracking. As a cryptocurrency taxation software, CoinTracking integrates with major cryptocurrency exchanges to collect all transaction history. The data is then used to automatically create tax reports. With CoinTracking, users can easily create their tax returns accurately. Users can use the different features of the platform anonymously, without having to enter a postal address, but only a username and password.

The platform supports importing data from over 130 exchanges, including popular platforms such as Binance, BlockFi, and Coinbase. In particular, Cointracking allows the automatic import of data directly from more than 200 different blockchains. The platform also allows to:

• Export tax returns to collection service centers or tax departments.
• Create short or long reports for exempt or tax-deferred sales.
• Convert all reports to Excel, PDF, CSV, XML/JSON format.
• Create your file from the 13 tax methods available (FIFO, LIFO, AVCO, etc.).

CoinTracking is intended for traders as well as fund managers, trading firms, CPAs managing multiple clients, as well as retail investors of all skill levels. An account, personal or business, can be linked to different sub-accounts. Users access the tools through the CoinTracking website, but the platform also has an app on Android and iOS and can be used to generate a tax report in over a hundred countries.

CoinTracking or how to achieve your financial goals

Along with its tax reporting features, CoinTracking is also a tracking platform for those who transact on multiple exchanges. This strategy often complicates the tracking of digital assets. The idea is to be able to have an overview of all your accounts in real time, knowing that the prices are constantly changing, 24 hours a day and 7 days a week.

CoinTracking is a useful tool for asset management and tracking. By storing all the transaction data of the exchanges/wallets used in one place, the platform simplifies the monitoring and management of cryptocurrencies, wallets and other assets. This gives users more time to plan and achieve their financial goals. Specifically, CoinTracking:

• Offers more than 25 customizable crypto reports;
• Provides users with interactive transaction and coin charts;
• Analyzes transactions and reports on profits and losses, realized and unrealized gains;
• Tracks the prices of over 22,000 cryptocurrencies;
• Offers tutorials in the form of FAQs and videos;
• Offers over 41 different transaction types and is continually adding new ones.

A vast network of partners at the service of users

Tax-related services are not provided directly by CoinTracking, but by partner tax agencies established around the world. The platform works with tax experts from more than 25 countries (a number that is expected to increase). Users needing help can consult them before filing their crypto tax return. CoinTracking helps users easily prepare their returns, an often stressful operation.

CoinTracking also establishes strategic partnerships with other platforms such as TaxDown, a Spanish tax-focused startup. This one, for example, is revolutionizing the world of personal finance and taxes by offering tax advice and recommendations to help people get the most out of their tax returns.

On the tracking side, the platform is also multiplying partnerships, in particular with Binance.US, Crypto.com and BitBox. CoinTracking makes it easy to track cryptocurrencies and taxes for users of these exchanges and wallets.

CoinTracking: Four plans to choose from to meet all needs

CoinTracking offers 4 formulas, one of which is free, each with its own characteristics.

Free offer

The free version of CoinTracking allows up to 200 transactions. This basic formula does not support automatic data import via APIs. This means that users can generate tax reports seamlessly, but do not benefit from the automation tool. Everything must be done using CSV files or by entering transactions manually.

Paid plans

Paid plans, ranging from $10.99 per month to $54.99 per month for the unlimited plan, include more features. The Pro version allows up to 3,500 transactions and 5 automatic imports per token. The Expert version allows 20,000 transactions. The Unlimited version allows you to perform up to 100,000 transactions. The ability to process such a large amount of data can make the difference for traders using bots for example. This is a rare offer on the market. CoinTracking supports transactions over multiple fiscal years, but always within the limit of the total number of transactions in the user’s account. Many other features are also available.

Each plan entitles you to backups (2 to 20 backups depending on the plan chosen) of the entire CoinTracking portfolio in the event of data loss or corruption. In other words, the user can easily restore their transaction history through this feature. Finally, the platform offers sponsorship programs that allow new members to benefit from a 10% discount.

Payment Options

CoinTracking accepts most payment methods. This includes credit cards, bank transfers, PayPal, Google Pay, SEPA transfers and over 50 altcoins. Additionally, bitcoin (BTC) payments are discounted by 5%.

Responsive customer service that makes the difference

The tool provides access to professional help to assist users at all times. Customer Service responds to all customer tickets within 48 hours. This applies to all questions relating to the platform. There are also various tutorials, video guides and FAQs to help beginners.

CoinTracking Full Service

The platform offers a Full-Service package which offers a variety of features including expert support, account review and tax-related services from an accomplished team of tax specialists and cryptocurrency tax firms across many countries.

By subscribing to Full Service, users can track their cryptocurrency transactions with peace of mind, ensure that imported information is accurate, and benefit from a range of services such as account cleanup, data preparation, and problem resolution. cryptocurrency tax issues.

This is a paid plan that provides personalized and individual types of support that go beyond traditional, free customer support.

What are the different types of services?

The “Full Service” formula offers a wide range of services to meet the individual needs of users. The initial consultation is free and without obligation, and a first call (of a maximum duration of 15 minutes) is scheduled to discuss the type of service that best suits the user. Only if the user decides to use one of their services after the initial call will they be charged. This formula includes:

• Premium Support – Offers personalized assistance tied to a user’s CoinTracking account. This plan is suitable for users who need help beyond the standard support, who want to discuss their questions in depth during a video call, who are unable to find the reasons for data discrepancies in their portfolio, or who need to quickly resolve issues on their account.

• Expert Review – Creates a report based on the data imported to the user’s account. In this report, the user receives a list of current issues related to their CT account, as well as a list of all the steps needed to resolve these issues. This formula is suitable for users who need help identifying problems with their CT account and need advice on how to resolve them.

• Account Service – Offers an all-in-one solution to users where all the work (importing/validating data, adjusting files, manually correcting transactions, etc.) is done for them. At the end, the user will have a tax report that is as accurate as possible (based on the available data). This package is suitable for users who want an all-in-one solution for their cryptocurrency tax reporting needs.

• Tax Services – CoinTracking has certified tax experts in over 25 countries that users can contact when they need to complete their tax returns. They can prepare the tax reports, and the tax experts will do the rest or help them with any questions related to cryptocurrency taxes. This formula is suitable for users who need help completing their cryptocurrency tax returns.

CoinTracking Full Service is now available in over 25 countries, including the US, UK, and Australia. The platform’s vast global reach and expertise ensure that investors can access top-notch crypto investment management services wherever they are.

Conclusion

Cointracking is a great tool for traders, businesses, and crypto investors of all skill levels. The platform is an easy-to-use precision tool. It supports a wide range of wallets and exchanges. With a continuously improving product in this ever-changing ecosystem, CoinTracking is sure to remain among the best crypto tools for a long time. Now that tax season is upon us, with the deadline being March 22 for filing by mail and between March 25 and June 8 depending on your department electronically, now is the perfect time to try the platform, make your declaration easier and save your energy and time for the upcoming holidays.