how to connect coinbase pro to cointracker

An Easy Guide to Connect Coinbase Pro to Cointracker

Hello, How to Connects Friends! Are you running a digital currency trading business, including cryptocurrencies? If yes, you might have considered automating your business processes using advanced tracking tools like Cointracker. Cointracker is a reliable and efficient application that helps businesses monitor all their digital currency holdings in different cryptocurrency exchanges. In this article, we will guide you on how to connect Coinbase Pro to Cointracker, making it easier for you to keep track of all your digital assets in one place.

Introduction

Since the launch of Blockchain technology in 2008, the digital currency space has continued to grow significantly, making blockchain technology mainstream.

One of the essential tools to have in a cryptocurrency business is a ledger- a place to store, track and manage all transactions. Digital currency trading involves a lot of exchange of assets in different cryptocurrencies across different markets, making it difficult to track your transactions. Hence, digital currency trading platforms like Coinbase Pro have been established to simplify the processes involved in digital currency trading for different business owners. 

Coinbase Pro is a trading platform for digital assets that provides a platform for professional traders to access advanced trading functions. Cointracker, on the other hand, provides a seamless way to track all cryptocurrency assets in a portfolio.

Therefore, combining these two platforms is the most cost-effective way to automate and manage a digital currency trading business. In this article, we will show you how to connect Coinbase Pro to Cointracker without stress. So let’s dive in!

The Advantages of Connecting Coinbase Pro to Cointracker

Effortlessly Track All Your Holdings in One Place

Advantage Explanation
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Real-time tracking
You can track all your digital currency holdings without stress, and you can see the real-time updates of your investments and profits.
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Comprehensive Reports
Cointracker provides you with an organized digital ledger that shows your digital currency assets and liabilities across different exchanges and wallets. You can generate your financial reports for tax purposes quickly.

Combining Coinbase Pro and Cointracker helps to keep things organized for you and your cryptocurrency business. Cointracker centralizes all your portfolio information and provides real-time reports on all your transactions.

Automate your Transactions

By connecting Coinbase Pro to Cointracker, your transactions will be automatically tracked and recorded in the application. This helps to reduce manual efforts in updating your digital ledger

User-Friendly Interface

Cointracker has a user-friendly interface that makes it easy to navigate the application and provides visual representations of your portfolio. The platform provides a dashboard for all your transactions and lets you customize your ledger based on your preferences.

Alerts for Taxation and other Regulatory Requirements

Cointracker helps you to monitor essentials such as taxes, regulations, and compliance issues in real-time, helping you to avoid compliance burdens in your business. The tool also sends you alerts keeping you informed about significant tax filing deadlines and rules.

Enhance Trading Strategies

By analyzing your trading techniques, you can discover new strategies on how to conduct transactions efficiently

The Disadvantages of Connecting Coinbase Pro to Cointracker

Cost

Although Coinbase Pro is a primary trading platform that offers free transactions, Cointracker has subscription fees that vary based on the currency assets in your digital portfolio.

Software Integration Flexibility

Cointracker provides integration flexibility for only a few digital currency platforms, making it an issue for users looking to connect non-listed platforms.

The Steps to Connect Coinbase Pro to Cointracker

Step 1: Create A Coinbase Pro Account

To connect Coinbase Pro with Cointracker, you first need to sign up and create an account with Coinbase Pro.

Step 2: Create A Cointracker Account

After creating a Coinbase Pro account, you’ll need to create a Cointracker account. With Cointracker, you can track your cryptocurrency transactions easily.

Step 3: Connecting Coinbase Pro to Cointracker

To connect both platforms, visit Cointracker’s website and click on the “Connect Wallets and Exchanges.” Afterward, select Coinbase Pro as your platform, then click on “Authenticate” to provide authorization keys and API codes for the connection. Once authenticated, your Coinbase account will be automatically synced with Cointracker.

13 Different FAQs About Connecting Coinbase Pro to Cointracker

Q: How do I open a Coinbase Pro account?

A: Visit www.pro.coinbase.com and click the “Create an Account” button to signup.

Q: How do I open a Cointracker account?

A: You can visit www.cointracker.io and click the “Sign Up” button to open an account.

Q: How much does it cost to connect Coinbase Pro to Cointracker?

A: Cointracker’s cost varies based on the coins in your portfolio. If you only have a few cryptocurrency assets, you can use the free version, while other premium versions have additional features and costs.

Q: What benefits do I enjoy when I combine Coinbase Pro with Cointracker?

A: Combining these two platforms helps you track and manage all your digital assets in real-time.

Q: What are the benefits of using Coinbase Pro?

A: Coinbase Pro provides users with low trading fees, fast transaction times, and secure transactions.

Q: Is Coinbase Pro available on mobile?

A: Yes, Coinbase Pro is available on mobile devices.

Q: How often does the authenticated API key expire?

A: Coinbase Pro provides API keys that last for about 30 days before expiring.

Q: What is the maximum coin limit for the free version of Cointracker?

A: Cointracker’s free version can track up to 200 coins, while the premium versions have unlimited coin tracking capacities.

Q: Can I connect other digital currency platform accounts to Cointracker?

A: Yes. Cointracker supports connections with other platforms, including Binance, Kraken, and more.

Q: Is Cointracker legal?

A: Yes. Cointracker is legal and fully compliant with all tax regulations worldwide. The platform is grounded on strict legal compliance policies.

Q: Can I use Cointracker for investment purposes?

A: Cointracker tracks all your investments and helps you stay up-to-date with market trends in real-time. It’s an excellent tool for investment management.

Q: Can I export my transaction history on Cointracker?

A: Yes. Cointracker offers exportation for all transaction history.

Q: Is there a mobile app for Cointracker?

A: Cointracker is available on mobile devices through its web application.

Conclusion: Take Action Today

Connecting Coinbase Pro to Cointracker will make managing your digital assets easier. The platforms empower you to take your digital currency trading business to a higher level. You can take advantage of the accurate, real-time reporting tools, enhanced management strategies, and more that the platforms have to offer. Get started today, and unlock the full strategic potential of Cointracker!

Disclaimers

This article is for informational purposes only and does not constitute financial or investment advice. The author or publisher cannot be held responsible for any losses or damages that may arise from the use of this information.