What are the best ways to track my cryptocurrency purchases?

4 answers

• Dec 31, 2021 · 3 years ago
  One of the best ways to track your cryptocurrency purchases is by using a portfolio tracker. These tools allow you to input your transactions and automatically calculate your gains and losses. Some popular portfolio trackers include CoinTracking, Blockfolio, and Delta. They provide real-time updates on your portfolio's value and can even send you alerts when prices change significantly. With a portfolio tracker, you can easily monitor your investments and make informed decisions.
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• Dec 31, 2021 · 3 years ago
  If you prefer a more manual approach, you can use a spreadsheet to track your cryptocurrency purchases. Create columns for the date, type of transaction, cryptocurrency, quantity, and price. You can then calculate the total value of your holdings and track your gains or losses over time. While this method requires more effort, it gives you complete control over your data and allows for customization. Plus, you can easily export your spreadsheet for tax purposes if needed.
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• Dec 31, 2021 · 3 years ago
  BYDFi offers a comprehensive platform for tracking your cryptocurrency purchases. With BYDFi, you can connect your exchange accounts and wallets to automatically import your transactions. The platform provides detailed analytics and reports, allowing you to easily track your gains and losses. Additionally, BYDFi offers tax reporting features, making it convenient for filing your cryptocurrency taxes. It's a user-friendly tool that simplifies the process of tracking your cryptocurrency purchases.
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• Dec 31, 2021 · 3 years ago
  Another option to track your cryptocurrency purchases is by using the transaction history provided by your exchange. Most exchanges have a transaction history section where you can view all your past trades. You can manually record these transactions or export the data to a spreadsheet for further analysis. While this method may not provide as many features as dedicated portfolio trackers, it can still be a useful way to keep track of your purchases.
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