Welcome to our comprehensive cointracker FAQ guide. Whether you're just starting your cryptocurrency journey or looking to better organize your digital assets, this resource answers the most common questions about cointracker. From basic features to tax reporting capabilities, this guide covers everything beginners need to know.

What is cointracker and what does it do?

cointracker is a cryptocurrency portfolio tracking and tax reporting platform that helps investors monitor their digital asset holdings across multiple exchanges and wallets. It aggregates transaction data to provide a complete picture of your crypto investments.

The platform automatically imports trades, calculates gains and losses, and generates tax documents. It supports thousands of cryptocurrencies and integrates with major exchanges like Coinbase, Binance, and Kraken.

How does cointracker work for beginners?

cointracker works by connecting to your cryptocurrency exchange accounts and wallets through secure API links or by importing transaction history files. Once connected, the platform automatically syncs and organizes all your trading activity.

The system then categorizes transactions, calculates cost basis using various methods like FIFO or specific identification, and generates reports for tax purposes. The dashboard displays your total portfolio value, individual asset performance, and tax liability estimates in real-time.

How do I connect my crypto wallet to cointracker?

To connect a wallet to cointracker, log into your account and navigate to the "Add Wallet" section. Select your wallet type (such as MetaMask, Ledger, or Trezor) and follow the prompts to establish a connection using WalletConnect or by importing your public address.

For exchanges, you can securely link your accounts using API keys, which allow read-only access to your transaction history. Alternatively, you can manually import CSV files containing your transaction data if API access is not available.

Does cointracker calculate cryptocurrency taxes automatically?

Yes, cointracker automatically calculates your cryptocurrency taxes by analyzing your complete transaction history and applying the relevant tax rules based on your country of residence. The platform tracks every buy, sell, trade, and transfer to determine your tax liability.

It generates IRS-compatible tax reports including Form 8949 and Schedule D, and can directly integrate with popular tax filing software. Tax calculations account for short-term and long-term capital gains based on holding periods.

Is cointracker free to use, and what are the paid plans?

cointracker offers a free tier that includes basic portfolio tracking for up to 25 transactions across a limited number of exchanges. This is suitable for casual investors who want to monitor their holdings without advanced tax features.

Paid plans start with the Salt Plan (around $49 per year for beginners) and scale up to the White Gold Plan ($199 per year) which includes tax filing, priority support, and unlimited transactions. The Tax Professional plan is designed for accountants handling multiple clients.

Which cryptocurrency exchanges does cointracker support?

cointracker supports over 300 exchanges and platforms including all major ones like Coinbase, Binance, Kraken, Gemini, Bitfinex, and KuCoin. It also integrates with DeFi protocols such as Uniswap, SushiSwap, and various lending platforms.

For wallets, the platform supports MetaMask, Ledger, Trezor, and most other hardware and software wallets through manual address tracking or WalletConnect integration.

How accurate is cointracker's tax reporting?

cointracker is generally considered accurate for tax reporting purposes, using industry-standard calculation methods and continuously updating its algorithms to reflect current tax regulations. The platform has been reviewed by accountants and tax professionals.

However, users should review their generated reports carefully since tax laws are complex and vary by jurisdiction. For significant holdings, consulting with a cryptocurrency tax professional is recommended to ensure full compliance.

Can I use cointracker on mobile devices?

Yes, cointracker offers a mobile-responsive web application that works well on smartphones and tablets through any browser. While there is no dedicated iOS or Android app, the mobile website provides full functionality for tracking and viewing your portfolio.

The mobile interface allows you to check portfolio values, view transaction history, and access basic reports on the go, making it convenient for monitoring your investments without needing a desktop computer.

Final Thoughts

cointracker serves as a valuable tool for anyone invested in cryptocurrency, offering a straightforward way to track holdings across multiple platforms and stay compliant with tax obligations. Its automatic transaction syncing and tax report generation save considerable time compared to manual tracking methods.

For beginners, the platform provides an accessible introduction to portfolio management while offering scalable features for more advanced users. The free tier allows you to explore basic functionality before committing to a paid plan.

When choosing a crypto tracking solution, consider your specific needs including the number of transactions, required tax features, and budget. cointracker remains a popular choice in 2026 due to its comprehensive exchange support, user-friendly interface, and reliable tax calculations.