CoinStats - Crypto Portfolio Manager

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Member since: Jun 2019Deals bought: 60
5 stars
5 stars
Posted: Nov 28, 2021

Great App - worth it!!!

Probably the best overall app for crypto.

PROS:
- Great research tools - Gets some info from intotheblock.com and nicely integrates into their site
- You can sync all major wallets
- Great news aggregator
- Ability to hide small balances (crumbs) in your portfolio list
- Ability to see all transactions from all wallets in your portfolio holdings
- LIVE pricing is awesome.

CONS
- Cost basis functionality needs work. The Total Portfolio amount and % does NOT represent your actual increase/decrease in overall value relative to your cost basis, which is slightly annoying and misleading. For example, if I purchase $1000 of crypto, the total will show and increase of +$1000. This value should only show the increase/decrease of my portfolio relative to cost basis.
- The individual portfolio holdings shows cost basis, but does NOT directly show the fees paid for Coinbase. However, after further examination, it appears to be showing the fees for Coinbase Pro, so my GUESS is that the regular Coinbase is not sending full transactional data via its API
- Furthermore, I was NOT able to manually edit the Fees on Coinbase transactions. I would enter it, but when you return, the amount is never saved. Even though Coinbase is auto-syncing, we should be allowed to add/edit cost basis since this level of detail is not included in the API.
- The Mac App does not match the web app. Functionality is missing, I cannot increase the size of the small fonts, and it is a “windowed” app - it does NOT act or appear like a regular Mac App.
- The iOS app does not have an “ALL” option to see the combined values of all of your wallets (like the web app does). Why not?
- So there are inconsistencies between the web app, iOS app and Mac App. The iOS app is still good, but wished that there was a consistent experience across all platforms.

I am curious to see the enhancements and improvements to this app. It is worth the money, despite my particular CONS. If the developer would solve the COST BASIS issue, this would be a home run. Cost Basis tracking is essential to successful crypto trading. So, I need to subscribe to another software program to track Cost Basis and provide IRS forms. It’s not costly, I just like convergence as much as possible.

I’d also like to be able to click BUY CRYPTO and link to the exchange of my choice. For example, if I want to buy SHIB, I should get options (based on my configured wallets) and make a selection. Then you can navigate to the buy page for that particular exchange.

With all of that said, this app still gets 5 tacos!!! If you are a crypto investor or trader, this is an essential part of the tools that you need.

Thanks!!!!

Founder Team
Narek_CoinStats

Narek_CoinStats

May 9, 2024

Hello, thanks for your motivating feedback! Your review means a lot to us and lets us know we're on the right track! 😎

We will definitely consider your requests to calculate the cost basis and buy crypto through synced exchanges for future improvements.

Some exchanges don't give away all your transaction history with an API key and allow us to go back up to a certain amount of trades per trading pair.

That means if your all sales and buys don't match your current balance, we create a fake transaction with the same data as your very first trade to "fill" our balance and have it correct. Now you can edit the price of your fill transactions with the correct cost.

Also, for the same reason, some information like fees might not be shown. But we are working on the improvements.

What refers to Mac App? Kindly share with us more details and some screenshots at support@coinstats.app, and we will investigate the case.

Mobile apps also have an All Assets view; just click on the expand button on the top left corner of the Portfolio page.

Thanks, and looking forward to talking to you soon 😊

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