Tracking Trends in Crypto Trading

CoinTracking has been in the business of helping crypto enthusiasts manage their investments for five years now, and boy, have they gathered some interesting intel! Their analysis reveals one golden nugget of wisdom: as the price of cryptocurrencies ascends, trading activity shoots up! It seems like nothing gets traders more excited than the prospect of gains, and this upward trend correlates directly with portfolio performance. Specifically, those with the best-performing portfolios tend to juggle between seven and twelve coins. Who knew that less could indeed be more?

Challenges Facing Crypto Investors

Since its inception, CoinTracking has noticed a troubling trend among various exchanges: many of them make it tougher than a two-dollar steak for investors to analyze their trades comprehensively. This stems from a lack of insights regarding both realized profits and unrealized gains. It’s like getting a detailed menu of exotic dishes, only to find out your waiter is oblivious to how they’re prepared!

The Taxation Tangle

Tax time can be a real nightmare for crypto investors, and CoinTracking has seen firsthand that tax authorities and accountants are often floundering when it comes to cryptocurrency. The knowledge gap makes it hard for them to produce accurate tax reports. But fear not! CoinTracking comes to the rescue with an impressive eight methods for calculating tax liabilities. These customizable reports are ready to comply with the standards of almost every country, saving users both time and money while keeping Uncle Sam satisfied.

A Plan for Everyone

CoinTracking recognizes that their users come from all walks of life. Whether you’re a casual trader or a seasoned investing shark, they’ve got subscription plans that cater to you. Starting with a free plan allowing tracking of up to 200 transactions, they also offer Pro and Unlimited plans for more serious traders. Pro users can track up to 3,500 transactions, and the Unlimited plan is, well, unlimited! Now that’s liberating.

Diving Deep into Historical Data

Another feather in CoinTracking’s cap: they support more than 6,000 cryptocurrencies! Investors can access a goldmine of historical data for up to nine years, which includes interactive charts and key indicators to aid decision-making. For those already deep into other prominent exchanges and wallets, don’t fret! CoinTracking allows the import of existing data without breaking a sweat, making it easy for traders to get started.

The Birth of CoinTracking

The tale of CoinTracking began in 2012, led by Dario Kachel, who found himself craving a system to keep tabs on his exciting crypto trades. Initial attempts with spreadsheets proved to be more cumbersome than beneficial, pushing him to venture into software development for a more streamlined solution. Hence, CoinTracking blossomed, becoming a beacon of hope for traders seeking order in the chaotic world of crypto investments.