As part of the commemoration for its anniversary, CoinTracking has recently revealed how it has noticed that the trading behavior of the users on the platform gets more intensive when token prices are up. The analysis made by the company has indicated that the people who are more successful generally hold from seven to twelve different tokens.
According to the report, since the company was founded in 2013, it has started to look at the market and realize that many exchanges simply make it too difficult for the investors to analyze their own trades because they do not have the support to do it.
This is very harmful to tax authorities because, if the users are not really sure on their gains and losses in the crypto market, they will certainly struggle when they have to create tax reports on their earnings. It could not be very different as they simply do not have access to the information so they can do it.
CoinTracking Has Features For Many Types Of Users
The company supports a total of eight different methods for the people who want to calculate their taxes using the platform and, according to them, these standards can be used to provide information that you can give to almost all the governments in the world when you need to pay your taxes. This way, users save money and time.
CoinTracking is very interested in being a company that can be used for all types of traders. The idea is to provide casual traders to expert ones. Because of this, the company has a three-tier subscription plan with a free plan that allows 200 transactions and the Pro plan, in which you can track up to 3,500 ones.
Finally, there is also the Unlimited plan for really hardcore users that offers the best services in the platform. The service can be purchased with Bitcoin or fiat currency and you can pay for one or two years of even for lifetime use if you want to.
At the moment, CoinTracking supports more than 6,000 cryptos and it offers analysis and trends for all these tokens as well as nine years of historical data for the people who want to make really well-informed decisions. This includes charts and all sorts of data.
This company was founded in 2012 by Dario Kachel. He was an IT professional that liked crypto trading and was finding difficult to keep track of all his trades, so he started the company. Ever since this, the company is getting bigger together with the cryptocurrency market.