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CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

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31–40 of 94 posts

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#31
These coin/porfolio trackers are a privacy nightmare. You're basically telling some stranger your detailed crypto finances, and it's unknown how your data may be used.

One of the golden rules in crypto is to never disclose your holdings to anyone on the internet, yet people are using these apps without a second thought!

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#32
post #5

Investments? When you buy a crypto currency, what are you investing in?

the ability of a consensus protocol & its associated distributed system(s) to preserve an accurate history in the face of a multi-million (or billion) dollar bug bounty and/or state-level attack. You get a price that discounts the risk of failure on that front and the failure to win mindshare / real use.

There are many strong arguments as to why that's a bad bet, but that's the bet IMO.

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#33
post #22
post #4

We launched zenledger.io There's going to be many players in this space across geographies and more. Godspeed to them all.

More choice is good. I wrote my own cryptocurrency portfolio management tool https://tulips.flurdy.io to replace a complicated a spreadsheet I used before. Still needs plenty of polish and still beta, but Tulips works for me.

Tulips lol

I see what you did there

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#34
Does anybody else not worry about providing access to their investments via direct access to the various exchanges? If they are hacked, they have a direct pipeline to my accounts? Surely not all exchanges are setup to provide secure read only data? And what about the initial auth connection?

I just hate to add another point of vulnerability into an area that is no doubt being heavily targeted by hacking groups

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#35

These coin/porfolio trackers are a privacy nightmare. You're basically telling some stranger your detailed crypto finances, and it's unknown how your data may be used. One of the golden rules in crypto is to never disclose your holdings to anyone on the internet, yet people are using these apps without a second thought!

Why is that a golden rule? Genuine curiosity.

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#36

Earlier quoted context omitted.

I used CoinTracker this year to help me figure out how to report cryptocurrency on my taxes, and felt like it was a total ripoff. $50 for a two line csv file? Give me a break.

They have a product that integrates with many exchanges and makes it easy to produce those 2 lines of csv. I tracked it myself and it took me a few hours. Just logged into CoinTracker and it took me about 10 minutes to do the same amount of work. It is worth $50 to me! That said, it isn't perfect. I marked several transactions as transfers but it didn't change my cap gains numbers. I added it up manually and the numb…

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.

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#37

Earlier quoted context omitted.

(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 you to take another look at https://www.cointracker.io and see how we can improve further.

Can we please get xpub import? I use a trezor and importing each wallet address is a pain. Thanks for a great service. I used it for my taxes this year.

Coming soon!

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#38
post #34

Does anybody else not worry about providing access to their investments via direct access to the various exchanges? If they are hacked, they have a direct pipeline to my accounts? Surely not all exchanges are setup to provide secure read only data? And what about the initial auth connection? I just hate to add another point of vulnerability into an area that is no doubt being heavily targeted by hacking groups

You can create read only API keys in most cases, and revoke them once you upload your transactions.

Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy

#39
post #25

Earlier quoted context omitted.

(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 you to take another look at https://www.cointracker.io and see how we can improve further.

Does CoinTracker support ethereum (smart contract) multi-sig wallets?

Could you share an example to feedback@cointracker.io?
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