chanfest22

17 ms·

1. 121.▲
   by chanfest22 9y ago

   Sorry that wasn't super clear to begin with — we have added a banner when cost basis is still updating now so that you can see when the updates are done.
2. 122.▲
   by chanfest22 9y ago

   (co-founder of CoinTracker here). CoinTracking is indeed a great tool. That said we have also made a lot of progress over the last several weeks and now support unlimited free tracking with auto-syncing (no yearly fee!). We'd love for
3. 123.▲
   Tax Trouble for Bitcoin Traders(forbes.com)

   16 points by chanfest22 9y ago|0 comments
4. 124.▲
   by chanfest22 9y ago

   CoinTracker | https://www.cointracker.io | San Francisco | On-site | Full-time Description: Portfolio & tax manager for cryptocurrency Roles: Full Stack Developer & Product Designer Come help us build tools to make crypt
5. 125.▲
   by chanfest22 9y ago

   Oooof! Consider checking out tools like www.cointracker.io that help do this for you automatically!
6. 126.▲
   by chanfest22 9y ago

   +1 There are also tools like www.cointracker.io out there to simplify the complexity of these crypto taxation rules
7. 127.▲
   by chanfest22 9y ago

   This is super cool. Love your unique take on making crypto useful right now and focusing on fun & community (rather than ICO hype).
8. 128.▲
   by chanfest22 9y ago

   You'll want to complete form 4684: https://www.irs.gov/pub/irs-pdf/f4684.pdf and speak with a tax professional. See more about which forms to fill out here: https://www.cointracker.io/faq#tax-
9. 129.▲
   by chanfest22 9y ago

   They'll start doing this more and more. Just be careful though because the moment you have a single transaction outside of Coinbase, their reports will be incorrect. You may want to consider checking out cross-platform tools like ht
10. 130.▲
    by chanfest22 9y ago

    The IRS won't, but tools like https://www.cointracker.io can
11. 131.▲
    by chanfest22 9y ago

    This looks AWESOME! Can't wait to run around the house like Iron Man.
12. 132.▲
    Pitching your early stage startup (Stripe Atlas and YC)(stripe.com)

    3 points by chanfest22 9y ago|0 comments
13. 133.▲
    by chanfest22 9y ago

    Awesome — will let the team know :)
14. 134.▲
    by chanfest22 9y ago

    You can use the transaction history CSV generated to report your taxes yourself (just requires manual effort on your part). The Form 8949 is the actual IRS Form for Capital Gains and Losses, and CoinTracker actually completes the form based
15. 135.▲
    by chanfest22 9y ago

    Ooof — for folks looking for a solution to their crypto tax problems, check out a service like https://www.cointracker.io (full disclosure: I'm working on this product)
16. 136.▲
    by chanfest22 9y ago

    Sorry about that! Drop us a line at feedback@cointracker.io and we'll figure out what we did wrong here.
17. 137.▲
    by chanfest22 9y ago

    Thanks! Lots of variance. Some are really simple and easy to use, and others are a nightmare. At first it was really challenging for us to add each new exchange because there would be unique problems, custom formatting, different syntax, et
18. 138.▲
    by chanfest22 9y ago

    1/ Over 50% of our users are international for our free tracking service, though our tax product is US only right now 2/ Coinbase is #1 in terms of exchanges, however local wallets (e.g. ETH wallets) are the largest overall 3&#x2F
19. 139.▲
    by chanfest22 9y ago

    Thank you! Cryptocurrency tracking will always be free, though we may add more power features like real-time syncing in a paid subscription. Currently, the pricing is sourced through aggregation across many exchanges (even ones we don'
20. 140.▲
    by chanfest22 9y ago

    The main difference comes down to user experience — it is much easier & simpler to use CoinTracker. Additionally, we offer free portfolio tracking so you can verify for yourself that we are actually doing everything accurately & try
21. 141.▲
    by chanfest22 9y ago

    The list of exchanges we currently support (we will work on making this clearer): Binance, Bitfinex, Bitstamp, Bittrex, Coinbase, Cryptopia, GDAX, Gemini, HitBTC, Kraken, KuCoin, Liqui, Poloniex Tax free tier & pricing: www.cointracker.
22. 142.▲
    by chanfest22 9y ago

    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:
23. 143.▲
    by chanfest22 9y ago

    For Coinbase we request the Read Permission from Coinbase Connect (OAuth2 flow). For the rest of the exchanges we request the user to add their API keys with restrictions for view only access (enforced by the exchanges). The instructions ar
24. 144.▲
    by chanfest22 9y ago

    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
25. 145.▲
    by chanfest22 9y ago

    Fair question — For signup, we have three options: get your email from Google, from Coinbase, or use whatever email you want manually. It's up to you whether to use Google/Coinbase or use your own bogus email. The point here is no
26. 146.▲
    by chanfest22 9y ago

    Interesting; how come? We aren't necessarily tied to our domain name, just curious.
27. 147.▲
    by chanfest22 9y ago

    For #1 — there seems to be a strong need on both the retail side (folks who are day-trading or casually investing on the side) and on the institutional side (e.g. cryptocurrency hedge funds, etc.). So far we have focused on the retail use c
28. 148.▲
    by chanfest22 9y ago

    Understood; if we offered a CSV upload option for your wallets would that solve the issue or do you need something that dynamically updates and syncs regularly?
29. 149.▲
    by chanfest22 9y ago

    We have a paid tax service: www.cointracker.io/tax/package
30. 150.▲
    by chanfest22 9y ago

    Thanks for flagging on both fronts. Shoot us an email at feedback@cointracker.io re: point #1. We'll look into the instability for point #2