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CoinTracking – Reliable Bitcoin Accounting & Crypto Tax Reporting?

There is a wide range of services a person can use to maximize their earnings with cryptocurrency. Because of this, it can be hard to decide which ones are the best for you to use. To obtain the best results, you have to know how to use them.

Today, we are going to review an interesting tool that might help cryptocurrency users: CoinTracking. As the name suggests, CoinTracking is a system developed to track your cryptocurrency, which might be hard without any kind of help.

What Is CoinTracking?

Basically, CoinTracking is a program that you can use to analyze your cryptocurrency trades. It generates useful information for its user, like the profits and losses of your trades, how much are your coins worth and kinds of balances that you can use for tax declaration, for example.

A great advantage of using CoinTracking is that not only the program can help you determine your profits, but it is also an important tool for figuring out your taxes. If you are worried that your government might cause you problems over the cryptocurrency you have, the problem can be easily solved with the use of the CoinTracking program.

One of the biggest advantages of CoinTracking is that, while other companies are not interesting for all kinds of users sometimes, CoinTracking can be useful whether you are a beginner, an expert on cryptocurrency or a company.

How Does CoinTracking work?

It’s pretty simple. First, you create your work, then you have to upload your financial information. After you do that, you will receive a complete analysis (which depends if you use the free or the paid version. The paid analysis is more complete).

You can use only CSVs and APIs, protecting your personal data, if you want, which is good for people that do not trust online resources with their sensitive financial information.

How To Invest In CoinTracking?

You can use CoinTracking for free. The base features of the free model include the values of 200 cryptocurrencies, but do not offer the tax report. You can use it for a trial and, if you like it, you can always invest in the full paid version. It costs 0.02 Bitcoin for one year and 0.03 BTC for 2 years. If you pay 0.05 at once, you can have a lifetime subscription to the program.

The Verdict

CoinTracking is a good software for users that need to upgrade their accounting abilities and resources. It’s very hard to hire accountants for cryptocurrency accounting, so this can be a very interesting way for users to do make their accountancy in an easy way.

Even if you are only starting to invest in cryptocurrency, CoinTracking can be very useful. Its features can useful for either veterans or beginners. The prices, which translate to about $130 USD for one year, are pretty cheap compared to a real accountant, so that’s definitely a service that can help you without the need of expending very much.

Can CoinTracking be a good program? Indeed it can. If you are interested in using this program, go for it, as there’s a very good chance that it might really help you.

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