I first heard about Bitcoin back in and spent some time reading about it. I found it interesting but never considered investing in it. Again in I had a discussion with a friend about doing something related to Cryptocurrencies. We did some preliminary research and then dropped the idea as the regulations were not clear in India about cryptocurrencies.
I did think of coin portfolio for bitcoinaltcoin tracker some amount in Bitcoin but was not very comfortable with all the money being tied to a Private Key which I could end up misplacing somewhere. I had not heard of any Bitcoin exchanges back then and so I let go off my chance to get into Bitcoin Bandwagon when the price of Bitcoin was around USD.
I finally invested in Bitcoin in June One of the first learnings you have when entering cryptocurrency markets is that Bitcoin is just the tip of the iceberg there are many alt-coins.
You do some research and realise there are different Exchanges and you will need to have accounts in these different exchanges to trade different alt coins. And if you prefer to keep your alt-coins in offline wallets then you will have one many more offline wallets. Very soon you will realise that keeping track of all your cryptocurrency investments is not an easy job and it cannot be done by making entries in your spreadsheet.
I hit a similar roadblock around 2 months ago. I did some google searches and read up on various cryptocurrency portfolios. After some digging up I came across Cointracking. I spent some time digging around their portfolio web app and I was convinced that this portfolio should be sufficient for the next two years.
Since there was a limit of trades on the free account I went ahead and bought the one year membership. I have found a couple of features that I use frequently and helps me sleep better that I have a handle on all my cryptocurrency investments. If you have asked coin portfolio for bitcoinaltcoin tracker of these questions to yourself or in any forums in the last couple of months then read further.
That is another thing I liked about Cointracking. Everybody who is building businesses using cryptocurrencies or around cryptocurrencies should follow this approach to promote their adoption. This can be done in three ways Enter manually, Import from Exchanges or automatically via the API if your exchange supports it.
I had to use a combination of all these three to keep my portfolio upto date. Make sure to enter all the relevant details. Remember coin portfolio for bitcoinaltcoin tracker enter all the optional data as well as it can save you when you are trying to delete the trades or edit them.
Trade Group helps your group one kind of trades and give details comments to remember later why you had to do coin portfolio for bitcoinaltcoin tracker manual entry. Follow this diligently and you will thank me later. Cointracking does a cool job of letting you know coin portfolio for bitcoinaltcoin tracker kind of transactions are supported by the export provided by the exchanges.
Keep an eye on this. Some exchanges doesn't provide you details about deposits and withdrawals. This can have an effect on your summaries. You might need to keep track of those and create manual entries for those to keep your Dashboard upto date. You need not worry about the duplicate imports as each trade has a unique tradeId and based on it Coin tracking will import only the new trades.
Cointracking gives you the details coin portfolio for bitcoinaltcoin tracker the supported actions in the API import. Be careful if you are using the API for syncing your trades. When I saw the API integration screen of Binance I could see the bold read warning message from Cointracking saying that they do not save the API secret key as it has trading access as well.
This was good sign for me and my confidence in Cointracking increased after this incident. It is still foolish that Binance doesn't have access restrictions on their API. I have never been comfortable with Offline wallets as Coin portfolio for bitcoinaltcoin tracker fear that I will miss my private keys: P I have always held back on creating one as there is no way to regain the stash if you loose your private keys. As you can see from the pic Cointracking has support for Electrum and Exodus imports.
I hope going forward they will add support for more wallets. It also has support for monitoring your Bitcoin, Altcoin and Eth addresses meaning it can track the transfers from wallets and it also has a nifty feature of sending out a notification to you when a transaction happens from your wallet.
I think that is very handy. Once you have all the integrations set up and imports done you should have dashboard which gives you a overall idea of your portfolio and current holdings. You can also customize your dashboard and coin portfolio for bitcoinaltcoin tracker three different templates for the dashboards as shown in the image. I think we need to have a few more options and we should ideally be able to select each and every widget we want in our dashboard and be able to save it as a new template.
But however the current dashboards is good enough and I don't want to complain: Timeline is one that caught my attention. It gives you a nice grahical view of important milestones in your journey and gives you a feeling of dejavu. Use this report to make sure that all your coin portfolio for bitcoinaltcoin tracker are present. Whenever I do a trade I check the next day to make sure that it is there.
I am more of a HODLer and hence it is not a problem. This gives you a quick idea of how your stash is distributed across the exchanges.
When something is amiss or transactions seem to be missing, this view can give you a quick idea about which trades are missing. This is something that most people miss coin portfolio for bitcoinaltcoin tracker. If you are an active trader keep an eye on this as this number can raise quickly and you wouldn't even notice. Read this post to know the Irony of trading on Centralised Exchanges.
If you have bought a stash of a particular coin at low price coin portfolio for bitcoinaltcoin tracker have been selling them at every high, it becomes very difficult for you to identify what are you profits over the time. Also at times you will feel like knowing the answer to the question "If I sell the remaining part of my stash will I make a profit, loss or break even".
If you have been in that situation before then the Realised and Unrealised Gains report can give you very good insights. Similarly if you have bought at different prices to average out then this report can give you the average purchase price of a coin. Yes you will need to pay your taxes on Cryptocurrencies gains.
I am not sure if many are thinking about this right now but this can be a Herculean task. Looks like Cointracking has you coin portfolio for bitcoinaltcoin tracker here as well. With ability to configure various coin portfolio for bitcoinaltcoin tracker for your tax reports I think this can come handy.
If you have come across any other portfolio manager do let me know so that I can take a dig at it. So Here I forward my hand for being a friend. If you see my feed you will see that I not only upvote good content, I repost them as well. Also if it is written by an Indian I give them additional preference.
But I downvote people who copy others content because they are not only doing injustice to the actual writer but they are also brining a bad name to the other Indians who are creating good content on the platform. Hoping to see more real authentic content from you. I will be happier to upvote and resteem any good content by you. Please feel free to drop the links in comments. It looks like it has a lot of features, but it looks so complicated and very user unfriendly.
How long have you been using it for? I have been using for 2 months now. API integration saves a lot of manual effort. But since different exchanges have different support some APIs allow syncing the deposits and withdrawals while others don't.
Coin portfolio for bitcoinaltcoin tracker this leads to negative balances for some coins sometimes. In such cases we will need to add a manual trade entry to balance it out. This seems to be a pain. Other than that I like the tool and have purchased the licence for an year. That sounds too complicated for me, especially when I don't do daily trading and entering trades manually isn't a big problem.
The biggest issue for me is that these portfolio managers don't have "shared wallets". Instead, it's considered as a new deposit. Any chance that you know some that supports this, please? They have a new feature called "API balance" where you can look at the balances in all your exchanges in which you have enabled API integration.
I think that should be sufficient for the scenario you are mentioning. Also Cointracking already takes care of the deposit purchase issue. Since Cointracking will have the details of all the wallets in your exchange it can identify if you are making a trade or if you are moving funds to your wallets from external addresses.
It duplicates the transfer and changes buy and sell amount. Some manual actions are totally okay for me: If you want an easy to use tracker, check coin portfolio for bitcoinaltcoin tracker Crypto Portfolio Tracker.
It is almost zero-configuration with no manual trade entry - all trades are automatically synced. Another option to consider is CoinTracker www.
It has a pretty simple interface and supports automatically syncing with a wallet address. I'd love to get your feedback on that tool full disclosure: I built this tool because I was also overwhelmed by the complexity of other existing tools.
Looks promising and the interface is very clean.
Information used in this blog is reproduced in accordance with Section 107. Every minute it just removes an order and replaces it. I know damn well that isnt impressive enough, the memory is required due to the R language rather than one RX 460.