How can I use CoinTracker.io to track my cryptocurrency transactions and calculate my gains and losses?

1 answers

• Rufina OkpeDec 29, 2023 · 2 years ago
  Of course! Here's a step-by-step guide on how to use CoinTracker.io to track your cryptocurrency transactions and calculate your gains and losses: 1. Start by signing up for an account on CoinTracker.io. 2. Connect your cryptocurrency exchange accounts to CoinTracker.io by providing the necessary API keys or importing CSV files. 3. CoinTracker.io will automatically import and synchronize your transaction history from the connected exchanges. 4. Review and categorize your transactions. CoinTracker.io will attempt to categorize them automatically, but you can manually adjust them if needed. 5. Keep track of your portfolio and gains/losses. CoinTracker.io will calculate your gains and losses based on the cost basis and current market value of your cryptocurrencies. 6. Generate tax reports if necessary. CoinTracker.io offers a tax reporting feature to help you with your cryptocurrency tax obligations. I hope this guide helps you effectively use CoinTracker.io to track your cryptocurrency transactions and calculate your gains and losses. If you have any more questions, feel free to ask!
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