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Topic: CoinTracking - Profit/Loss Portfolio and Tax Reporting for Digital Currencies - page 51. (Read 122657 times)

newbie
Activity: 50
Merit: 0
I keep getting this, even when I add a new API? Is there a solution?
Many thanks
https://i.imgur.com/vmOEtMp.jpg

I am having the same problem. I do hope it will get resolved soon.
member
Activity: 345
Merit: 16
I keep getting this, even when I add a new API? Is there a solution?
Many thanks
jr. member
Activity: 198
Merit: 7
what is the difference between mining vs income? if i am mining, which one i pick?
Mining is taxed differently in different countries. So if you want to use and distinguish your Mining entries from other income types like PoS, Masternode and many more, choose "Mining".


I have been using CoinTracking for the past two years and all I can say are good things. One of the smartest customer support I've ever experienced. I've used about 4 other portfolio tracking, and none come close to what CoinTracking offers, usability and design is great.

The companion app is amazing as well. Now I can quickly see a snapshot of all my investments, regardless of where they are located, in one easy to use app.

Although the free version is good, import each CSV file from each exchange is time consuming, with the PRO version all your transactions are up to date with one time setup.

You can use my affiliate link which gives you 10% discount. https://cointracking.info/?ref=M326096

Hope this helps!
Thank you for your kind words. That makes us happy.
newbie
Activity: 1
Merit: 0
I have been using CoinTracking for the past two years and all I can say are good things. One of the smartest customer support I've ever experienced. I've used about 4 other portfolio tracking, and none come close to what CoinTracking offers, usability and design is great.

The companion app is amazing as well. Now I can quickly see a snapshot of all my investments, regardless of where they are located, in one easy to use app.

Although the free version is good, import each CSV file from each exchange is time consuming, with the PRO version all your transactions are up to date with one time setup.

You can use my affiliate link which gives you 10% discount. https://cointracking.info/?ref=M326096

Hope this helps!
newbie
Activity: 55
Merit: 0
what is the difference between mining vs income? if i am mining, which one i pick?
jr. member
Activity: 198
Merit: 7
Hello Dario and everybody else,

I have a related situation here and would like to build on the example mentioned below. So, same situation, but after selling a fraction of my coins, the cost per unit suddenly showed a value which is lower than any price I have purchased the coins at.
To go with the example, the cost per unit is now 0.17. I just can't figure this out. Any help is appreciated.

Additional question: Why do you apply fifo at all? I can't see the logic behind it.

Thanks in advance,

Benita

Hi BenitaM.
Please check on the Gains page table 2 if there are warnings for sales of this coin (cost basis 0) and correct them.
FIFO is a method used in many countries. Why shouldn't we offer it?
You can also change the calculation method (FIFO, LIFO, HIFO and LOFO, etc).
newbie
Activity: 4
Merit: 0
Hello Dario and everybody else,

I have a related situation here and would like to build on the example mentioned below. So, same situation, but after selling a fraction of my coins, the cost per unit suddenly showed a value which is lower than any price I have purchased the coins at.
To go with the example, the cost per unit is now 0.17. I just can't figure this out. Any help is appreciated.

Additional question: Why do you apply fifo at all? I can't see the logic behind it.

Thanks in advance,

Benita

@Galletera:
The 'cost per unit' will be calculated from the weighted average of all unsold assets according to your selected method (e.g. first-in first-out).

Let's use your example:
-> buy (50) units at 0.18, (35) at 0.25 and (15) at 0.40.
selling 10 units will result in a remaining amount of:
-> buy (40) units at 0.18, (35) at 0.25 and (15) at 0.40.
And this will lead to a different cost per unit price as 10 units @ 0.18 have already been sold.

Correct, counterpart prices will include the spread and the fees.

The average prices we are using will match Bittrex prices in most situations.
But yes, adding more exchange prices is already on our to do list Smiley

Best,
Dario
jr. member
Activity: 198
Merit: 7
Qryptos/Quoine have merged into a new exchange called Liquid. Will you offer support for this exchange?
We'll take a look. We have already received information about it. Thank you for the hint.
newbie
Activity: 3
Merit: 0
Qryptos/Quoine have merged into a new exchange called Liquid. Will you offer support for this exchange?
jr. member
Activity: 198
Merit: 7
Is there a way to extract the number of realised orders per year? There is a basic statistics for number of transactions but those usually form part of  an order. For example: you put on a buy order for 1btc. There are 4 orders of 0.25btc on the sell book so cointracking will show that buy as 4 transactions. For statistical purposes I need to get this info as 1 order or 1 transaction. Is this possible?
This is not possible if the Exchange delivers these transactions with different trade IDs and our software therefore does not know that it is a common order.
newbie
Activity: 30
Merit: 0
Is there a way to extract the number of realised orders per year? There is a basic statistics for number of transactions but those usually form part of  an order. For example: you put on a buy order for 1btc. There are 4 orders of 0.25btc on the sell book so cointracking will show that buy as 4 transactions. For statistical purposes I need to get this info as 1 order or 1 transaction. Is this possible?
member
Activity: 644
Merit: 10
Thanks for the service.
Another important function for me is monitoring the listing of tokens on the exchange. I want to get information about the token I need as quickly as possible. This is a very necessary function. No one competitor is not doing this service as I have (ERC-20 token - insert smart contracs adress for start monitoring)
jr. member
Activity: 198
Merit: 7
According to this thread the ACB (Adjusted Cost Basis) method required for Canadian and Swedish citizens was supposed to be completed in the first quarter of 2018.

Any update on this?

I'm getting desperate and would pay someone to get this done by mid next week.

Without it, many well-meaning taxpayers risk facing harsh fines.
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Has there been any CT response on this?Huh
Hi.
We are still working on this, but unfortunately we can't give an ETA at the moment.
newbie
Activity: 3
Merit: 0
According to this thread the ACB (Adjusted Cost Basis) method required for Canadian and Swedish citizens was supposed to be completed in the first quarter of 2018.

Any update on this?

I'm getting desperate and would pay someone to get this done by mid next week.

Without it, many well-meaning taxpayers risk facing harsh fines.
[/color]

Has there been any CT response on this?Huh
jr. member
Activity: 198
Merit: 7
Hi, I would like to track Polkadot [DOT] but you only have Dotcoin [DOT], how can I do this?

There is a futures market here: https://www.tokok.com/market?symbol=DOT_ETH

Website, Reddit: https://polkadot.network/ https://reddit.com/r/dot/

I'm for now using Dotcoin as "placeholder", is there any way to add Polkadot anyways?
Our Coins and Assets are sourced from: coinmarketcap.com, worldcoinindex.com and cryptocoincharts.info. As soon as they are listed there, they are also imported into CoinTracking.
Please note the following FAQ article: https://cointracking.freshdesk.com/en/support/solutions/articles/29000007203-entering-ico-coins-and-non-listed-assets


Hello I have just joined cointracking and I have a few questions.

Firstly, should I not include fiat deposits and withdrawals when setting up my API? The default setting was not to include these but will I still be able to provide a good CGT report without these?

Secondly, I deposit on coinbase and send to coinbase pro then send btc to binance. So far cointracking reports coinbase to coinbase pro in an odd way and my reports give the wrong value etc because of this. Is this a known issue? Always says my coinbase pro account is negative value

1. That depends on how you want to track your portfolio. More info: https://cointracking.freshdesk.com/en/support/solutions/articles/29000018265-different-ways-of-managing-your-portfolio
2. Please send us a ticket via our HelpDesk with your username so that we can investigate the problem further.
newbie
Activity: 1
Merit: 0
Hello I have just joined cointracking and I have a few questions.

Firstly, should I not include fiat deposits and withdrawals when setting up my API? The default setting was not to include these but will I still be able to provide a good CGT report without these?

Secondly, I deposit on coinbase and send to coinbase pro then send btc to binance. So far cointracking reports coinbase to coinbase pro in an odd way and my reports give the wrong value etc because of this. Is this a known issue? Always says my coinbase pro account is negative value
newbie
Activity: 1
Merit: 0
Is it possible to add BLOC.MONEY to Cointracking?

Thanks, Troy
hero member
Activity: 601
Merit: 500
Vote 4fryn :)
Hi, I would like to track Polkadot [DOT] but you only have Dotcoin [DOT], how can I do this?

There is a futures market here: https://www.tokok.com/market?symbol=DOT_ETH

Website, Reddit: https://polkadot.network/ https://reddit.com/r/dot/

I'm for now using Dotcoin as "placeholder", is there any way to add Polkadot anyways?
jr. member
Activity: 198
Merit: 7
Does CoinTrack allow for inter-exchange arbitrage trades? In 2017 I bought some coins on Bitstamp, transferred them to GDAX and sold them as there was a spread of about 3% on average (unfortunately gone now). Do I have to calculate all these trades manually or does CT allow me to automate the process somehow? Many thanks.

PS: I did a search for "arbitrage" and go no results.
Hey Javelina.
by default arbitrage in CoinTracking is not possible, because we get the prices from different sources and use the average of them.
But you can adjust the prices for individual trades (see the following FAQ article: https://cointracking.freshdesk.com/en/support/solutions/articles/29000018057-coin-price-value-does-not-seem-correct)
or you can use a different calculation method (e.g. counterpart instead of best price).


Does Cointracking have data from the NXT asset exchange? I need to get historic balances for NXT assets and MS currencies at particular dates in the past for 6-8 NXT accounts, can Cointracking do that?

Also, is cointracking made by the same team who created nxtreporting? That was a great site, but sadly doesn't have the old NXT asset exchange data anymore.
Our Coins and Assets are sourced from: coinmarketcap.com, worldcoinindex.com and cryptocoincharts.info.
We are not the team of nxtreporting!



Dear CoinTracking Dominik

Two questions for you.
1) Can you give any update, road map or schedules for new enhancements - like next quarter CT plans to release x, y and z or like, "by next year we will...."  (it's been a little quite on CT's end for the past few weeks).

And 2) With the manual trade input/review page, I would like to request that an additional column be added for Trade/Transaction Price. This would help with both trading and balancing accounts.

1) Unfortunately, we cannot say anything about this at the moment. I will discuss your wish for better communication with the users internally.
2) You can find this information on the Trade Price page: https://cointracking.info/trade_prices.php
member
Activity: 345
Merit: 16
Hey, I'm having trouble searching the thread, wondering if somebody can help me.

I have been entering all my mining and trades manually, but decided to create a Binance job for API import, starting at yesterday at 12pm. I did a manual import, and it added my current trades correctly. But it also when back and added my BNB fee transactions for my entire history at Binance. I deleted all these, as I had already manually entered them all year. I did another import, with today as a starting date, and the same thing happened. Now I have to go delete them all again.

I would think with a set start date, nothing before should be added. And why were those fee transactions added, but not all my trades? I should see double of everything if it's adding my entire Binance history, right?

Has anybody seen this, and is there a simple fix or workaround?

I'll try to keep searching the forum, but it's not going well. I appreciate any help you guys can offer.

~Jonas

I had a similar issue. I deleted my manual entries and used the API imported ones.
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