common-close-0
BYDFi
Trade wherever you are!

Is quicken still a viable option for tracking digital currency transactions?

avatarMoesgaard BallDec 27, 2021 · 3 years ago3 answers

I am considering using Quicken to track my digital currency transactions. However, I'm not sure if it's still a reliable option. Can Quicken effectively handle the complexities of tracking digital currency transactions? Are there any limitations or drawbacks to using Quicken for this purpose?

Is quicken still a viable option for tracking digital currency transactions?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Quicken can be a viable option for tracking digital currency transactions, but it has some limitations. While it can handle basic tracking and organization of transactions, it may not provide advanced features specific to digital currencies. Additionally, Quicken may not support all digital currency exchanges or provide real-time data updates. It's important to evaluate your specific needs and consider alternative software options that are specifically designed for tracking digital currency transactions.
  • avatarDec 27, 2021 · 3 years ago
    Yes, Quicken can still be used to track digital currency transactions, but it may not be the most optimal choice. Quicken is primarily designed for personal finance management and may lack the advanced features required for comprehensive tracking of digital currencies. It's recommended to explore dedicated cryptocurrency portfolio trackers or accounting software that are specifically tailored to handle the complexities of digital currency transactions.
  • avatarDec 27, 2021 · 3 years ago
    As an expert in the digital currency industry, I would advise against using Quicken for tracking digital currency transactions. Quicken is not specifically designed for this purpose and may not provide accurate or up-to-date information. Instead, consider using dedicated cryptocurrency portfolio management tools or accounting software that are specifically built for tracking digital currency transactions. These tools offer advanced features, real-time data updates, and integration with popular digital currency exchanges.