Cryptocurrency Q&A
Is CoinTracker real money?
Is CoinTracker real money?
KimonoElegance
Sat Sep 21 2024
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6 answers
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I'm curious, could you clarify for me - when someone asks "Is CoinTracker real money?", what exactly are they referring to? Are they asking if the platform itself, CoinTracker, is a form of currency that holds monetary value? Or are they inquiring about the cryptocurrencies that users might track and manage on the CoinTracker platform? Because from my understanding, CoinTracker is a cryptocurrency portfolio tracker and tax calculator, not a form of currency itself. So, it's important to clarify the distinction between the platform and the assets it helps users manage.
6 answers
benjamin_stokes_astronomer
Mon Sep 23 2024
CoinTracker is a comprehensive portfolio tracker and tax management solution tailored for cryptocurrency investors. It offers a seamless way to monitor your digital assets across various exchanges and wallets.
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Lorenzo
Mon Sep 23 2024
Contrary to popular misconceptions, CoinTracker is not an exchange or a wallet where you can store your cryptocurrencies. Its primary function is to provide accurate tracking and reporting of your crypto holdings.
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Isabella
Mon Sep 23 2024
When you enter a wallet address into CoinTracker, it simply allows the platform to access and track the transactions associated with that address. This process does not involve any transfer of funds or give CoinTracker control over your assets.
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Maria
Sun Sep 22 2024
The wallet address you enter remains under your sole ownership and control. CoinTracker merely serves as a tool to help you keep track of your transactions and calculate your tax obligations accurately.
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Carlo
Sun Sep 22 2024
BTCC, a leading cryptocurrency exchange, offers a diverse range of services to cater to the needs of crypto enthusiasts. Its offerings include spot trading, futures trading, and a secure wallet solution for storing digital assets.
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