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Are there any tools or features on Coinbase that allow me to see the cost basis of my cryptocurrencies?

avatarSyed Azhar Hussain ShahDec 18, 2021 · 3 years ago3 answers

Can I use any tools or features on Coinbase to view the cost basis of my cryptocurrencies? I want to keep track of the purchase price and calculate my gains or losses. Is there a specific section or option on Coinbase that provides this information?

Are there any tools or features on Coinbase that allow me to see the cost basis of my cryptocurrencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, Coinbase offers a feature called 'Cost Basis for Taxes' that allows you to view the cost basis of your cryptocurrencies. This feature is specifically designed to help you calculate your gains or losses for tax purposes. To access it, you can go to the 'Tools' section on Coinbase and select 'Cost Basis for Taxes'. From there, you'll be able to see the purchase price, date, and other relevant information for each of your cryptocurrencies.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! Coinbase has a dedicated section called 'Cost Basis' where you can find all the information related to the purchase price and cost basis of your cryptocurrencies. It's a great tool to keep track of your investments and calculate your gains or losses. Simply navigate to the 'Cost Basis' section on Coinbase, and you'll have all the necessary details at your fingertips.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can definitely find the cost basis of your cryptocurrencies on Coinbase. They have a feature called 'Cost Basis Tracker' that provides you with all the relevant information regarding your purchase price and cost basis. It's a convenient tool for calculating your gains or losses. However, if you're looking for more advanced features and analysis, you might want to consider using third-party platforms like BYDFi, which offers comprehensive cost basis tracking and portfolio management tools.