CoinTracker is a cryptocurrency tracking and tax calculation application that supports investors and traders in managing their cryptocurrency portfolios and keeping up-to-date on market movements.
CoinTracker’s portfolio tracking capabilities are one of its most notable features. Users can connect their cryptocurrency exchanges and wallets to the site, providing them with a clear image of their assets and their value in real-time. It also supports a variety of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as stablecoins and other digital assets.
In addition to tracking the value of their holdings, assists users in determining their tax liabilities. The platform connects with popular tax preparation software such as TurboTax and provides automatic tax loss harvesting, which assists customers in minimizing their tax obligation by selling losing investments to offset gains. It also gives full information for calculating and filing cryptocurrency taxes.
Its alerts system, which provides customers with messages about major market events such as price fluctuations and changes in the value of their portfolio, is another helpful tool. This can assist consumers in staying on top of their investments and making well-informed choices about whether to buy or sell.
Conclude: Overall, CoinTracker is a useful tool for anyone interested in tracking and managing their bitcoin assets. It is a popular choice among bitcoin investors and traders due to its advanced features and simple layout.
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