BlogSharesight Features & Tips

Track Bitcoin and other cryptocurrencies with Sharesight

by David Olsen, Senior Marketing Manager - Content/SEO, Sharesight

With Sharesight, investors can easily track cryptocurrencies including Bitcoin, Ethereum, Ripple and many more. Prices are updated every 5 minutes, with intraday cryptocurrency prices (in addition to intraday foreign exchange rates) provided through Open Exchange Rates’ API. To learn more about why you should track your cryptocurrency investments with Sharesight, keep reading.

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Why track cryptocurrencies with Sharesight?

With support for 8 major cryptocurrencies plus intraday updates, Sharesight’s portfolio tracker is the perfect tool for investors who also trade in more than one asset class. With Sharesight, you can track cryptocurrency, stocks, ETFs, managed funds, and even custom investments such as cash accounts and property to get the complete picture of your investments in a single place. Sharesight users will also benefit from the platform’s award-winning performance and tax reporting features, plus powerful reports including Performance, Portfolio Diversity, Contribution Analysis and Future Income (upcoming dividends).

What cryptocurrencies does Sharesight track?

Investors can track 8 different cryptocurrencies in Sharesight:

  • Bitcoin (XBT)

  • Ethereum (ETH)

  • Ripple (XRP)

  • Litecoin (LTC)

  • Stellar (XLM)

  • Dash (DAS)

  • Monero (XMR)

  • Bitshare (BTS)

If you are invested in cryptocurrencies outside this list, you can still manually track them using the custom investments feature.

What if I trade cryptocurrencies not supported by Sharesight?

What if I trade cryptocurrencies not supported by Sharesight?

If you trade cryptocurrencies other than the 8 that are supported by Sharesight, you can still track your investments by adding a Custom Investment into your Sharesight portfolio. To add a Custom Investment, simply click ‘Add New Holding’ on the Portfolio Overview or Holdings page, and select ‘Add a custom investment’ from the top right-hand corner of the Manual Holding screen.
Tracking crypto custom investments When entering a cryptocurrency custom investment into Sharesight, make sure to select the country of the fiat currency used to purchase your cryptocurrency. Once you have created a Custom Investment, you will be redirected to the Manual Holding screen to add details such as the trade date, trade type, quantity and price. To track the performance of your crypto investment in your portfolio, simply update the price movements by uploading a spreadsheet of prices or manually entering the price movements on a regular basis. If you are tracking custom crypto investments along with the rest of the stocks in your portfolio, it is also advised that you classify your investments using the Custom Groups feature to easily differentiate between these different asset classes.

Tracking cryptocurrencies in USD

If you commonly trade cryptocurrencies on international exchanges, you might prefer to see the values denominated in a particular fiat currency such as USD (if you trade USD/XBT pairs, for example). However, if the fiat currency differs from the currency of the tax residency of your Sharesight portfolio, you will need to add a separate Sharesight portfolio with a tax residency that uses that particular fiat currency.

How to track cryptocurrencies with Sharesight

Watch this video to learn how to track your crypto with Sharesight.

Embedded content: https://www.youtube.com/watch?v=e4y5sFBXS6w

Track cryptocurrency with Sharesight today

Thousands of investors like you are already using Sharesight to track their cryptocurrency investments. What are you waiting for? Sign up and:

Sign up for a FREE Sharesight account and get started tracking your crypto and other investments today.

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