Launch HN: CoinTracker (YC W18) – Cryptocurrency portfolio and tax manager

Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by chanfest22 on Thursday February 15, 2018 @02:55PM (#16387001)

You're right — if you move coins to a non-tracked wallet we treat this as if you used those coins to buy something because we really don't know. If you connect the wallet/exchange that the outgoing transfer went to, we will automatically pair them up and the gains will be calculated correctly. Does that make sense?

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Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by nicpottier on Thursday February 15, 2018 @03:51PM (#16387504)

Given how many people use offline wallets (in my case a paper wallet as well as a Trezor) seems like you need some way to let me mark transactions as "non sell" and "non buy" otherwise this really doesn't provide me much value.

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Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by chanfest22 on Thursday February 15, 2018 @04:09PM (#16387650)

You're right — we need to improve this. In the mean time, we allow users to track their offline/paper/hardware wallet addresses: www.cointracker.io/add_wallet so that those transfers are accounted for (currently have to add one address at a time)

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Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by nicpottier on Thursday February 15, 2018 @05:11PM (#16388225)

Since best practices these days is to generate new receive addresses and never reuse them this feels pretty painful to me. But I appreciate it is a hard problem and the desire to really track absolutely everything.

But those BTC have gone through so many wallets since I first got them that I really don't have a full record, so please add a way for me to say "no, this isn't a sell and no this isn't a buy" instead of requiring a full trace of every address I've ever touched.

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Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by tommygunz99 on Friday February 16, 2018 @02:29AM (#16390599)

If you count transfers out as sells unless you see the transfer received in a wallet, and if you don’t support wallets for most of the coins, how should I avoid these (ex. sending Neo from an exchange to my wallet) getting counted as fake gains in my tax report?

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Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by PKop on Thursday February 15, 2018 @04:01PM (#16387590)

Is there a section within the transaction list that makes this explicit? I'm confused..

I'm seeing "Sent to bitcoin address" for some external transactions to private wallet, but don't see a realized gain.

Just want to be clear: is my final tax amount tainted by not including any external wallets that I've transferred ALL of my purchased bitcoin to? I only added coinbase and bittrex.. I need to add my wallets also?

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Re:Launch HN: CoinTracker (YC W18) – Cryptocurrency portfoli... by chanfest22 on Thursday February 15, 2018 @04:12PM (#16387677)

Yes, you'll need to add your full crypto trading history (e.g. fiat ---> crypto ---> crypto ---> fiat) across all wallets and exchanges in order to get accurate tax information. We have more information about how and why here:

www.cointracker.io/faq#section-cost-basis www.cointracker.io/faq#section-tax

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