The world of cryptocurrencies is complex and constantly changing. To succeed in this dynamic environment, investors need the right tools to manage their investments and optimize taxes. But is CoinTracker really the best option on the market? In this article, we shed light on the current situation and offer a powerful alternative to CoinTracker that is superior in many aspects.
What is CoinTracker
CoinTracker is a platform designed for cryptocurrency portfolio tracking and tax reporting. It helps users manage and monitor their funds while simplifying the process of importing transactions from multiple exchanges and wallets. Additionally, it offers tax reporting features to assist users in generating tax reports for their cryptocurrency activities.
We now take a closer look at CoinTracking and show why the market leader is considered the best alternative to CoinTracker.
CoinTracking vs CoinTracker
CoinTracking has established itself globally and has been on the market since 2012. The platform is a superior alternative and not only offers all the features like CoinTracker, but has many more advantages and features.
Price
There are notable differences between the two platforms in terms of pricing. CoinTracking outperforms its competitor with a better price-performance ratio across all pricing models.
For instance, CoinTracking offers a completely free option for up to 200 transactions, while CoinTracker would charge you already $179.00.
CoinTracking also offers an unlimited lifetime account, which can be particularly appealing for traders or DeFi applications. CoinTracker instead only offers unlimited plans per tax year. So it’s easy to understand the more transactions you have, the more you will benefit with CoinTracking.
Furthermore, CoinTracker requires separate payments for the Tax plan and portfolio subscription, and they also charge extra for previous years’ tax reports.
With CoinTracking you can enjoy an all-in-one solution without any extra payments necessary.
CoinTracking price chart
CoinTracker price chart
Features
To understand the benefits of CoinTracking, let’s take a look at the core features of both CoinTracker and CoinTracking.
Portfolio Tracker
Portfolio tracking features are crucial for real-time monitoring of crypto investments and obtaining detailed information on the portfolio performance.
Import of transactions
Both platforms offer to import transactions from various exchanges, wallets, and blockchains. However, CoinTracking surpasses in this aspect by providing more extensive options for importing transactions overall. It is especially appreciated by customers that all import functions work smoothly and without errors.
Portfolio Analysis Reports
These reports provide deep insights into your portfolio performance. Compared to CoinTracker, CoinTracking’s reports are significantly more comprehensive, making them a valuable tool for any crypto investor.
Tax report types
Tax Tool Integration
Tax Forms
Countries and languages
CoinTracking offers tax reports for over 100 countries worldwide in 15 different languages.
Switch to CoinTracking
To take advantage of CoinTracking, it doesn’t require a lot of effort. However, there are a few basic steps that should be followed.
Recapture transactions – Recommended!
It is recommended to export the complete transaction history from CoinTracker. All transactions should then be re-entered into CoinTracking. This will ensure that all information is complete and accurate.
Importing data from CoinTracker into CoinTracking
Entering transactions can either be done manually for a manageable amount of data, or via an automatic import of an Excel or CSV file. Once the data is imported into CoinTracking, it is important to carefully review and verify its completeness and correctness.
Video: How to Move from CoinTracker to CoinTracking: A Step-by-Step Guide
Frequently Asked Questions about CoinTracker alternatives
What is a cheaper alternative to CoinTracker?
CoinTracking has a better price-performance ratio, is cheaper across all pricing packages and offers flexible pricing models.
What is the best alternative to CoinTracker?
The best alternative to CoinTracker is CoinTracking. The platform offers extensive features and functionality at lower prices.
Conclusion
CoinTracking offers a superior alternative for crypto portfolio management and tax reporting. With its comprehensive features and affordable pricing, the platform is an excellent choice for those who value reliable portfolio management and want to efficiently generate tax reports.
