CoinTracking review 2023

Verdict

CoinTracking can automatically track your crypto coins and then generate crypto tax reports, giving you more time to do the things you love. Whether you’re a complete beginner to crypto trading or a seasoned pro, there are 4 plans to choose from, including a free plan, to match your needs.

A big plus is the free plan on offer. While this is basic, inexperienced crypto traders can get a feel for the software, see whether it’s suitable and upgrade to a paid plan if required.

While you can import your transaction history from 100+ exchanges and wallets, you’ll need to sign up for one of the 3 paid plans to make use of the API import tool.

There’s a live CoinTracking demo to check out if you’re interested and you’ll also get discounted subscription fees if you sign up for longer than 1 year.

Pros and cons

How does CoinTracking work?

CoinTracking offers a simplified way for you to create tax reports on all your crypto trades. It tracks and logs all your crypto transactions and then, when you’re ready, it generates tax reports ready to share with Revenue.

The CoinTracking software requires you to import your crypto trading transaction history from the exchanges and wallets that you use. With the free account, you’ll need to enter this manually or import them via CSV files. With the other 3 paid plans, you also have the option of syncing your transactions through the API tool.

Once your transaction history has been shared with CoinTracking, you can then generate reports, which can be exported ready to share with Revenue.

What are the main features of CoinTracking?

The core features of CoinTracking include:

• Complete portfolio management and tax reporting. CoinTracking tracks and logs all your crypto transactions and reports.
• Personal analysis. Create 25 customisable reports that look at profit and loss, realised and unrealised gains and audits.
• Supports 100+ exchanges and wallets. Many of the popular exchanges and wallets are supported by CoinTracking.
• Educational tutorials. There are several videos to help you get to grips with all of CoinTracking’s functions and settings.
• Coin trends and analysis. CoinTracking offers charts, trends and analysis for all crypto coins so you can always find the latest price or the top coins by trades or volume.

How much does CoinTracking cost?

The cost of CoinTracking varies depending on the plan you choose and the duration you sign up for. CoinTracking offers sign-up to its plans for 1-year, 2-year or lifetime subscriptions. The breakdown below is based on a 1-year subscription. There is also a table of costs for the other durations on offer.

• Free

  • €0 monthly subscription
  • Supports and tracks 200 transactions
  • Tracks coins
  • Manually import transactions through CSV
  • Receive 5 personal trade backups

• Pro

  • €8.99 per month billed annually
  • Supports and tracks 3,500 transactions
  • Automatic exchange import through API
  • Automatically Blockchain import from 5 wallets and unlimited manual wallets
  • Access tax and capital gains reporting
  • Receive 5 personal trade backups
  • Link multiple accounts

• Expert

  Within the Expert plan, there are 3 limits to choose from depending on the number of transactions you make and this will affect your subscription fee. However, all other features remain the same.

  • The 3 transaction limits are 20,000 (€13.99 per month billed annually), 50,000 (€17.99 per month billed annually) or 100,000 (€22.49 per month billed annually)
  • Automatic exchange import through API
  • Automatically Blockchain import from 10 wallets and unlimited manual wallets
  • Access tax and capital gains reporting
  • Receive 10 personal trade backups
  • Link multiple accounts

• Unlimited

  • €45.99 per month billed annually
  • Supports and tracks an unlimited number of transactions
  • Automatically Blockchain import from 50 wallets and unlimited manual wallets
  • Receive 20 personal trade backups
  • Access to priority customer support

*Note: Costs provided are priced per month and billed annually unless stated otherwise. Prices are based on published prices from 9 November 2022.

Does CoinTracking support Irish tax?

Yes, CoinTracking offers a bespoke full service with Chartered Accountants in Ireland. This service can help you handle tax in Ireland as well as complicated transactions such as lending or margin trades. It can also help prepare your tax returns to Revenue.

Is CoinTracking safe?

To minimise risk to its systems, and more importantly, your information, CoinTracking utilises data and API encryption. There’s 2-factor authentication for your account and depending on the plan you choose, you’ll also have a limited number of trade backups at your disposal.

CoinTracking does not have access to any of the exchanges you use except to see your transactions. This ensures any stored coins you may have in an exchange or wallet are kept safe.

Take a look at CoinTracking

Customer reviews

CoinTracking scores 3.1 out of 5 based on just 6 reviews and is rated Average on Trustpilot.

*Note: Information provided is based on the reviews and rating on Trustpilot (15 November 2022).

CoinTracking customer support

You can contact CoinTracking by submitting an online ticket.

How to sign up to CoinTracking

1. Register for an account by visiting the CoinTracking website and clicking on “Sign Up For Free”.
2. Add a username, a password and your email address.
3. You’ll then land on the dashboard and can start manually importing your crypto trading transaction history. Alternatively, upgrade to one of the paid plans.