Managing cryptocurrency investments can be complex, especially when tracking trades across multiple exchanges, calculating profits and losses, and preparing for tax season. CoinTracking simplifies this process by offering a powerful portfolio management tool designed specifically for digital currencies. Whether you're a beginner or an experienced trader, CoinTracking helps you monitor every transaction, analyze performance, and generate accurate tax reports.
This guide walks you through setting up your account, entering trades, leveraging advanced analytics, and maximizing the platform’s full potential—all while keeping your data organized and compliant.
Entering Your Cryptocurrency Trades
Once logged into CoinTracking, the first step is adding your trades so the system can begin tracking your portfolio activity. Navigate to the Transactions section from the main menu to access all trade entry options.
You’ll notice your Trade Table is initially empty—this is where your transaction history will appear. There are three primary methods to populate it: manual input, exchange file uploads, and automated API imports.
1. Manually Adding Trades
Manual entry gives you full control over each transaction. Click the New button to create a trade. For example, if you bought 2 BTC for $500 USD on October 10, 2015, enter:
- Buy: 2
- Buy Currency: BTC
- Sell: 500
- Sell Currency: USD
- Date: 2015-10-10
After saving, your trade appears in the Trade Table. You can edit or delete entries directly in the table or via the Edit/Delete buttons. Use Shift + Click or Ctrl + Click to select multiple rows across pages.
Optional fields like Comment and Group help organize trades for future reference. All data is searchable and sortable—view detailed records under Reporting > Trade List.
2. Uploading Trades from Exchanges
CoinTracking supports integration with numerous popular exchanges. To import trades, click the exchange logo below the Trade Table to launch the Exchange Importer. Follow the prompts to upload your transaction history.
Imported trades are labeled with the exchange name in the Trade Table, making it easy to filter and sort by source.
3. Using Automatic API Import
For real-time tracking, use the Automatic API Importer. This feature syncs your exchange accounts or Bitcoin wallet and checks for new trades every few minutes, automatically updating your portfolio.
To set it up, click on an exchange logo or enter your BTC public address and follow the configuration instructions. Once active, your trades are added without manual effort.
Analyzing Your Portfolio Performance
CoinTracking offers in-depth insights into your trading behavior and financial outcomes through its dashboard and reporting tools.
Dashboard Overview
The Dashboard provides a snapshot of key metrics: coin summary, value per currency, expenses, profit/loss, trade volume, and exchange activity. After entering new trades, click the prompt in the lower-right corner to generate updated data.
The system calculates daily balances and gains/losses per currency. Processing time depends on trade volume but typically completes within seconds.
Trade Statistics
Navigate to Statistic Chart for visual analysis of your trading history. Interactive charts display:
- Profit and loss trends
- Coin value fluctuations
- Trade volume over time
- Performance per cryptocurrency
Use the legend to toggle datasets on/off and drag to zoom into specific periods for closer examination.
Trade List
The Trade List offers a comprehensive, sortable, and searchable record of all transactions. Click the blue plus icon next to any trade to reveal additional details such as calculated price per unit, creation date, and trade ID.
Daily Balance Report
The Daily Balance report aggregates your trades by date, showing total coin holdings, market value, expenses, and net profit or loss—including indicators for performance trends. Use this to assess your portfolio status at any point in time—past or present.
Average Purchase Prices
The Average Purchase page shows whether selling now would result in profit (green) or loss (red). It calculates your average cost basis per coin type and compares it with current market prices.
For example:
- Bought 10 BTC at $100 each = $1,000 total
- Current price: $120 → $200 profit if sold
- If price drops to $90 → $100 loss
More complex scenarios (e.g., multiple buys and partial sells) are handled using weighted averages across all transactions.
Why Is My Purchase Value Negative?
A negative purchase value means you've already realized enough profit to cover your initial investment. Even if the coin's value drops to zero, you still retain gains from prior sales.
Are Values Accurate?
Yes—provided all trades are correctly entered. Double-check your Transactions page if discrepancies arise.
Tax Reporting Made Simple
CoinTracking streamlines tax preparation with automated reports compliant with global standards including FIFO, LIFO, HIFO, AVCO, and ACB methods.
Go to the Tax Report page and click Open settings and create a new Tax Report. Choose your tax year, method, filters, and rates. Ensure all trades are accurately recorded before generating the report.
Once ready, view detailed outputs including:
- Capital Gains Report
- Income Report
- Donations & Gifts Report
- Stolen/Lost Coins Report
- Closing Position Report
These adapt to regional requirements such as Form 8949, FBAR, and German Income Tax Act filings.
Research & Market Insights
Beyond personal tracking, CoinTracking provides valuable market intelligence.
User Statistics
Explore global trends via User Statistics, which visualize aggregated data such as:
- Most traded coins
- Average BTC holdings per user
- Profit/loss distribution
Your position within these ranges is highlighted for benchmarking purposes. Historical data can be toggled as tables for export or analysis.
Coin Charts
The Coin Charts feature tracks price movements of major cryptocurrencies and fiat currencies. Overlay your own trades as colored bubbles:
- Green = purchase
- Red = sale
Bubble size reflects trade volume; position indicates entry/exit prices relative to market trends.
Coin Trends
Browse all 36,018+ existing cryptocurrencies on the All Digital Currencies list. Prices update every 5 minutes, with new tokens added automatically. Use this data with Easy Enter to track altcoin investments.
What Is Easy Enter?
Easy Enter simplifies altcoin tracking without requiring trade dates. Ideal for long-term holdings, it captures current values and spending in BTC to calculate unrealized gains or losses.
Click New to add coins—entries for the same asset auto-summarize. Access detailed analysis via Easy Enter Statistics, which shows:
- Average purchase value
- Price difference vs. current rate
- Profit/loss (if BTC spending is specified)
Additional coin details are available on the Coin Trends page.
Advanced Features & Account Management
Exporting Trades
Export your transaction history in various formats:
- Excel, CSV, PDF (from Transactions page)
- HTML, JSON, XML (Unlimited users)
XML files can be reimported into any CoinTracking account using the XML Importer.
Deleting Trades
Delete individual or multiple trades using checkboxes. Remove all transactions from a specific exchange or within a date range using filters.
Changing Currency & Exchange Rates
Set your primary fiat currency (17 options available) in Settings. You can also customize Bitcoin pricing sources—for USD: Bitstamp, CampBX; for EUR: Bitcoin.de.
Time Zone Settings
Adjust your time zone in Settings to ensure accurate timestamping of trades based on your location.
Linking Multiple Accounts
Link separate accounts for better organization—useful for:
- Separating long-term investments from active trading
- Managing different base currencies (e.g., USD vs EUR)
- Tracking portfolios for friends or groups
Switch between accounts instantly from the header menu.
Deleting an Account
Permanently delete an account—including all data—via the Settings page. Note: This action cannot be undone.
Frequently Asked Questions
Q: Can I track non-trading activities like staking rewards or airdrops?
A: Yes—use manual entry or Easy Enter to log these events as income with appropriate notes.
Q: Does CoinTracking support DeFi transactions?
A: While direct DeFi integration isn't automatic, you can manually input transactions from wallets like MetaMask.
Q: How often are market prices updated?
A: Prices refresh every 5 minutes across all charts and valuation tools.
Q: Is my data secure?
A: CoinTracking uses encrypted connections and does not store private keys—your data remains protected.
Q: Can I collaborate with an accountant?
A: Absolutely. Export clean tax reports or share read-only access depending on your plan.
Q: What happens if I make a mistake in trade entry?
A: Edit or delete trades anytime. Corrections automatically update all related reports and calculations.
CoinTracking empowers crypto investors with precision, clarity, and compliance—all in one intuitive platform. Start building a smarter trading history today.