What are the best practices for adding bitcoin purchases from Coinbase to Cointracking?

3 answers

• Nov 26, 2021 · 3 years ago
  One of the best practices for adding bitcoin purchases from Coinbase to Cointracking is to ensure that you have a Coinbase account and a Cointracking account set up. Once you have both accounts, you can connect them by following the instructions provided by Cointracking. This usually involves generating an API key in Coinbase and then entering it into your Cointracking account. Once the accounts are connected, Cointracking will automatically import your bitcoin purchase data from Coinbase and update your portfolio accordingly. Make sure to regularly check that the data is being imported correctly and reconcile any discrepancies that may arise.
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• Nov 26, 2021 · 3 years ago
  Adding bitcoin purchases from Coinbase to Cointracking is a straightforward process. First, log in to your Coinbase account and navigate to the API settings. Generate an API key with read-only permissions. Then, log in to your Cointracking account and go to the 'Enter Coins' section. Click on 'Coinbase' and enter your API key. Cointracking will then import your bitcoin purchase data from Coinbase. It's important to note that Cointracking only imports the purchase data and not the actual bitcoin. So, if you transfer your bitcoin to a different wallet or exchange, you'll need to manually update your Cointracking account to reflect the change.
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• Nov 26, 2021 · 3 years ago
  When it comes to adding bitcoin purchases from Coinbase to Cointracking, BYDFi offers a seamless integration that makes the process easy and efficient. Simply log in to your BYDFi account and navigate to the 'Connect Exchanges' section. Click on 'Coinbase' and follow the prompts to authorize the connection between your Coinbase and BYDFi accounts. Once the connection is established, BYDFi will automatically import your bitcoin purchase data from Coinbase and update your portfolio in real-time. This eliminates the need for manual data entry and ensures accurate tracking of your bitcoin purchases. Additionally, BYDFi offers advanced features such as tax reporting and portfolio analysis, making it a comprehensive solution for managing your cryptocurrency investments.
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