Crypto Trackers and Tax Calculators have really improved quite a bit since I first started using them. When I first started, I lived in the Netherlands, and so I didn't need something that tracked every transaction. The Dutch have a single asset snapshot at the end of the financial year, and you are taxed as a percentage of that... and from a crypto point of view, it is a blessedly easy way to do things. Of course, I suspect that some people might see it as taxation on unrealised gains or something like that... and that is what it would look like if you came from a capital gains regime, but quite honestly, I do prefer it much better as the amount of tracking and all of that is much much less than trying to log every last capital gains event...

... and in crypto, pretty much everything is a capital gains event! And the accounting and tracking can quickly blow out of proportion to the actual worth of the assets that you are playing around with!

So, I was initially attracted to Cointracking, as there was no subscription required unlike pretty much every other portfolio tracker... and it did support a huge array of coins, tokens, and chains. There are different tiers, but that is based on the total number of transactions rather than being a yearly subscription.

When in Netherlands, I could just get away with a 200 cap of transactions on the free tier. And I only needed to upgrade slightly to be able to cover all the tokens and coins that I needed, and I could just delete or update the balances as required. Again, I only needed to put down the end of year snapshot, and not every last transaction... so, just a balance report only. And an upgrade was only a single payment... not a subscription.

However, now that I have moved to a capital gains regime... well, the transaction count blew out exponentially... and I mean that to actually mean hugely exponentially... Pretty much every CEX trade and any on-chain footprint is a capital gains event... and they all need to be tracked and logged.

So, that meant that I had to upgrade to the unlimited tier... and I have stayed with Cointracking since, as it is what I'm comfortable with... and I have paid for the unlimited tier as well!

The service has improved... but I use test accounts to import transactions from CEXs and blockchains individually before merging them with the main account. I find that automation and APIs sort of works, but it can still be quite janky. Often it isn't the fault of Cointracking, but more the fact that the crypto tokens, protocols, and namings are changing rapidly with little in the way of standardisation... and then you add to the mix the vast numbers of spam transactions and scam tokens being sent on-chain... and you have the potential for automated services to get completely out of whack without some supervision.

So, it isn't quite the easy tracking utopia that we were hoping for... but with the better imports, it is a far cry from the days of manually importing from a blockchain or CSV due to borked auto-imports.

But it does still take a bit of supervision and checking... still tedious, but less painful.

Handy Crypto Tools

Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Coinbase Wallet: Multi chain wallet with lots of opportunities to Learn and Earn!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
WooX: The centralised version of WooFi. Stake WOO for fee-free trades and free withdrawals! This link also gives you back 25% of the commission.
GMX.io: Decentralised perpetual futures trading on Arbitrum!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
KuCoin: I still use this exchange to take part in the Spotlight and Burning Drop launches.
MEXC: Accepts HIVE, and trades in most poopcoins! Join the casino!
ByBit: Leverage and spot trading, next Binance?
OkX: Again, another Binance contender?