How can I track my cryptocurrency investments using accounting software?

3 answers

• Dec 16, 2021 · 3 years ago
  One option you have is to use a dedicated cryptocurrency portfolio tracker. These platforms allow you to connect your exchange accounts and wallets, and they automatically import your transaction data. They provide features like real-time portfolio value, profit/loss tracking, and tax reporting. Some popular portfolio trackers include CoinTracking, Blockfolio, and Delta. These tools can help you stay organized and make informed investment decisions.
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• Dec 16, 2021 · 3 years ago
  If you prefer a more manual approach, you can use a spreadsheet software like Microsoft Excel or Google Sheets to track your cryptocurrency investments. Create a spreadsheet with columns for date, transaction type, cryptocurrency, quantity, and price. Enter your transactions manually and use formulas to calculate your portfolio value and profit/loss. While this method requires more effort, it gives you full control over your data and allows for customization.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we offer a comprehensive cryptocurrency investment tracking solution. Our platform integrates with popular exchanges and wallets, allowing you to automatically import your transaction data. You can view your portfolio performance, track profit/loss, and generate tax reports. With BYDFi, you can easily manage your cryptocurrency investments and stay on top of your financial goals.
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