There are a hundred different portfolio trackers. To be honest, they're all a bit lacking so there's definitely room in this space.
That said, how is this portfolio tracker better than the others? Also, do you support defi?
That said, how is this portfolio tracker better than the others? Also, do you support defi?
You can trade directly on any of your exchanges through the platform
You can create your own index funds and calculate the necessary trades to rebalance your portfolio based on your settings
We support automatic balance syncing using your public keys or read-only exchange api keys
All the research and pricing is packaged in the same place, so you don't have to jump between providers
We don't currently support layer 2 syncing, but we're working on implementing a solution ASAP as it's a commonly requested feature.
In the future, once we have our licenses, we will also be introducing portfolio automation so your portfolio can track your index seamlessly.
Are there any other features you would like to see?
Also, it doesn’t look like you support BlockFi? Any plans to support them? Their reporting is mostly monthly pdf statements which I have to manually keep track of in spreadsheets.
Wash rule example. Let’s say in 2021 so far you crushed meme stocks and have a capital gains profit of $100k. Not so rockstar, you bought a large chuck of bitcoin at the top at $60,000. You can sell the bitcoin for a loss (wiping away the capital gains tax from the meme stocks) and then immediately buy back into Bitcoin. Yes, you pay fees or exchange premium, but worth it.
We don't support automated BlockFi syncing yet, due to a limited API, but we're always open to intros to get them integrated. If you don't see them in our wallet list, let us know and we'll add them to the index.
Regarding your wash rule example, we can take it a step further, eventually! Let's say you bought 1 BTC each at $12k in 2018, 6k in 2019, and $20k in 2021 and you wanted to sell 1 BTC at the top for $60k. We could help you specifically identify the BTC you bought at $12k so you could pay capital gains on a $48k gain instead of income tax on a $40k gain. This is uniquely possible because we have the full view of all your exchange venues.