The best alternative to CoinTracker
6 Aug, 2023 · 8 min read
The world of cryptocurrencies is complex and constantly changing. To succeed in this dynamic environment, investors need the right tools to manage their investments and optimize taxes. But is CoinTracker really the best option on the market? In this article, we shed light on the current situation and offer a powerful alternative to CoinTracker that is superior in many aspects.
What is CoinTracker
CoinTracker is a platform designed for cryptocurrency portfolio tracking and tax reporting. It helps users manage and monitor their funds while simplifying the process of importing transactions from multiple exchanges and wallets. Additionally, it offers tax reporting features to assist users in generating tax reports for their cryptocurrency activities.
We now take a closer look at CoinTracking and show why the market leader is considered the best alternative to CoinTracker.
CoinTracking vs CoinTracker
CoinTracking has established itself globally and has been on the market since 2012. The platform is a superior alternative and not only offers all the features like CoinTracker, but has many more advantages and features.
Price
There are notable differences between the two platforms in terms of pricing. CoinTracking outperforms its competitor with a better price-performance ratio across all pricing models.
For instance, CoinTracking offers a completely free option for up to 200 transactions, while CoinTracker would charge you already $179.00.
CoinTracking also offers an unlimited lifetime account, which can be particularly appealing for traders or DeFi applications. CoinTracker instead only offers unlimited plans per tax year. So it’s easy to understand the more transactions you have, the more you will benefit with CoinTracking.
Furthermore, CoinTracker requires separate payments for the Tax plan and portfolio subscription, and they also charge extra for previous years’ tax reports.
With CoinTracking you can enjoy an all-in-one solution without any extra payments necessary.
CoinTracking price chart
| Transactions | ||||||
|---|---|---|---|---|---|---|
| Plan | 200 | 3.500 | 20.000 | 50.000 | 100.000 | Unlimited |
| 1 year | 0 | $115.00 | $220.00 | $284.00 | $388.00 | $775.00 |
| 2 years | 0 | $206.00 | $335.00 | $439.00 | $620.00 | $1,188.00 |
| Lifetime | 0 | $408.00 | $967.00 | $1,398.00 | $2,044.00 | $6,026.00 |
CoinTracker price chart
| Transactions | ||||
|---|---|---|---|---|
| Tax year | 25 | 100 | 1.000 | Unlimited |
| 2023 | 0 | $58.00 | $179.00 | $539.00 |
| 2022 | 0 | $59.00 | $199.00 | $599.00 |
| 2023/2022 | 0 | $123.00 | $378.00 | $1,138.00 |
| 2023/2022/2021 | 0 | $173.00 | $567.00 | $1,707.00 |
| 2023/2022/2021/2020 | 0 | $229.00 | $945.00 | $2,276.00 |
| 2023/2022/2021/2020/2019 | 0 | $285.00 | $1,134.00 | $2,845.00 |
Features
To understand the benefits of CoinTracking, let’s take a look at the core features of both CoinTracker and CoinTracking.
Portfolio Tracker
Portfolio tracking features are crucial for real-time monitoring of crypto investments and obtaining detailed information on the portfolio performance.
| CoinTracking | CoinTracker | |
|---|---|---|
| Historical Charts | 26.000+ | ? |
| Current price | 26.000+ | 8000+ |
| Total Value per Coin | ✅ | ✅ |
| Total Portfolio balance | ✅ | ✅ |
| Total Fiat balance | ✅ | ❌ |
| Total Trades | ✅ | ❌ |
| Trades per Exchange | ✅ | ❌ |
| Trades per Month | ✅ | ❌ |
| Balance by Day | ✅ | ❌ |
| Balance by Exchange | ✅ | ❌ |
| Balance by Currency | ✅ | ❌ |
Import of transactions
Both platforms offer to import transactions from various exchanges, wallets, and blockchains. However, CoinTracking surpasses in this aspect by providing more extensive options for importing transactions overall. It is especially appreciated by customers that all import functions work smoothly and without errors.
| CoinTracking | CoinTracker | |
|---|---|---|
| Exchanges | 141 | 89 |
| Wallets & Blockchains | 200+ | 58 |
| API Importer | 55 | 47 |
| CSV Importer | 86 | 57 |
| Legacy Importer | 22 | no |
| Transactions limit | unlimited (lifetime) | unlimited (per year) |
| LP-Token | supported | not supported |
| Transaction types | 41 | 7 |
| (buy, sell, send, etc.) | ||
| Backups | 20 | no |
| Sub-accounts | yes | no |
Portfolio Analysis Reports
These reports provide deep insights into your portfolio performance. Compared to CoinTracker, CoinTracking’s reports are significantly more comprehensive, making them a valuable tool for any crypto investor.
| CoinTracking | CoinTracker | |
|---|---|---|
| Current Balance | ✅ | ✅ |
| Balance by Exchange | ✅ | ✅ |
| Balance by Currency | ✅ | ✅ |
| Coins by Exchange | ✅ | ✅ |
| Realized Gains | ✅ | ✅ |
| Unrealized Gains | ✅ | ✅ |
| Tax-privileged Coins (Short & Long) | ✅ | ❌ |
| Missing Transactions | ✅ | ❌ |
| Duplicate Transactions | ✅ | ❌ |
| NFT Center | ✅ | ❌ |
| Average Purchase Prices | ✅ | ❌ |
| Coin Charts | ✅ | ❌ |
| Coin Price Calculator | ✅ | ❌ |
| User Statistics | ✅ | ❌ |
| API Live Data check | ✅ | ❌ |
| Trading Statistics | ✅ | ❌ |
| Trading List | ✅ | ❌ |
| Trading Prices | ✅ | ❌ |
| Trading Fees | ✅ | ❌ |
| Number of Trades | ✅ | ❌ |
Tax report types
| CoinTracking | CoinTracker | |
|---|---|---|
| Countries | 100+ | 100+ |
| Tax methods | 14 | 5 |
| Transactions | unlimited | unlimited |
| Capital gains | ✅ | ✅ |
| Cost basis | ✅ | ✅ |
| Income | ✅ | ✅ |
| Margin gains | ✅ | ❌ |
| Gifts and donations | ✅ | ❌ |
| Fees | ✅ | ✅ |
| Lost and stolen Funds | ✅ | ❌ |
Tax Tool Integration
| CoinTracking | CoinTracker | |
|---|---|---|
| Turbotax | ✅ | ✅ |
| TaxACT | ✅ | ✅ |
| Drake | ✅ | ❌ |
| Wiso Steuer | ✅ | ❌ |
| HR block | ❌ | ✅ |
| TaxCaddy | ❌ | ✅ |
Tax Forms
| CoinTracking | CoinTracker | |
|---|---|---|
| USA (Form 8949) | ✅ | ✅ |
| USA (Form 8938) | ✅ | ❌ |
| USA (Form 1040) | ✅ | ✅ |
| Canada (T1135) | ✅ | ✅ |
| Germany | ✅ | ❌ |
| Austria | ✅ | ❌ |
| India | ✅ | ✅ |
| UK | ✅ | ✅ |
| Australia | ❌ | ✅ |
| Denmark | ✅ | ❌ |
| Finland | ✅ | ❌ |
| Italy | ✅ | ❌ |
| Belgium | ✅ | ❌ |
| Spain | ✅ | ❌ |
Countries and languages
CoinTracking offers tax reports for over 100 countries worldwide in 15 different languages.
| CoinTracking | CoinTracker | |
|---|---|---|
| Countries | 100+ | 48 |
| Languages | English, German, Spanish, French, Italian, Polish, Portuguese, Indian, Russian, Albanian, Turkish, Vietnamese, Catalan, Korean, Chinese |
German, English |
Switch to CoinTracking
To take advantage of CoinTracking, it doesn’t require a lot of effort. However, there are a few basic steps that should be followed.
Recapture transactions – Recommended!
It is recommended to export the complete transaction history from CoinTracker. All transactions should then be re-entered into CoinTracking. This will ensure that all information is complete and accurate.
Importing data from CoinTracker into CoinTracking
Entering transactions can either be done manually for a manageable amount of data, or via an automatic import of an Excel or CSV file. Once the data is imported into CoinTracking, it is important to carefully review and verify its completeness and correctness.
Frequently Asked Questions
about CoinTracker alternatives
Conclusion
CoinTracking offers a superior alternative for crypto portfolio management and tax reporting. With its comprehensive features and affordable pricing, the platform is an excellent choice for those who value reliable portfolio management and want to efficiently generate tax reports.
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