The services market overview for the accounting of crypto-currency portfolios

We have carried out the analysis of 17 cryptocurrency accounting services.
They can be divided into 2 categories:

• Broad functionality, but unhandy interface.
• Good design and usability, but lack of features.

Portfolio accounting services comparison:

https://docs.google.com/spreadsheets/d/14sIHtNYW99iZ8lf2Lfin_0sSfR1_xspjgCe38KclOOE/edit?usp=sharing

Let’s consider the chosen services in more detail

Coin.fyi
The service lets you add currencies and specify their USD value.
Absence of other transaction types, limited to a single portfolio only. The system simply calculates the summarized portfolio value and ROI of currencies and portfolio. It’s a very simple scheme. Even Google Tables or Excel can offer a broader functionality.

Cointracking
It has plenty of features, half of which are not in demand even among traders or trusts (many transaction types have in fact the same meaning). Yet it’s the most functional system; it offers standard reports with an export option, dashboard, import from various exchanges via CSV, API integration, forecasting.
Cons: all features are very inconvenient to use, free version has a scaled down functionality, there’s no mobile app and no analytics on multiple transactions*.
It also has just one portfolio, which makes the system pointless for traders and trusts.

CryptoCompare
The most usable of the existing services. It allows you to create multiple portfolios, offers the overall basic analytical tools for portfolios and currencies.
Cons:

• no mobile app;
• no transaction import/export feature;
• no automated data transfer from the exchanges;
• no reports;
• no exchange/transfer transaction types;
• impossible to perform multiple operations*;
• no guest access feature – portfolios can either be public, or private.

Thus, the service can be great for personal use, but doesn’t meet the needs of traders and trusts.

Blockfolio
The only decent mobile app as of today. It’s got the buy/sell feature, the notification system, the wide choice of exchanges.
Cons: there’s no desktop version, which makes it exhausting to add many transactions and currencies. Also, there’s no percentage calculation for multiple transactions*.
The service is only good for personal use with a small amount of currencies and transactions.

How is FinTab different from its competitors?

The free version of FinTab will have functions similar to CryptoCompare and Blockfolio. Moreover, it will offer:

• both desktop and mobile versions, which will be synchronized automatically;
• the accounting of ICO tokens (even the ones that are not issued yet);
• ability to add currencies that are not present in the market yet;
• ability to add custom exchanges and wallets;
• the buy / sell / exchange currency functions, as well as transferring between the exchanges;
• calculation of portfolio dynamics and its profit/loss and ROI considering multiple transactions * (replenishment, withdrawal, exchange);
• calculation of currency dynamics and its profit/loss considering multiple transactions * (replenishment, withdrawal, exchange);
• other standard functions (exchange rates, notifications, etc.);
• blockchain implementation for decentralized processing and storage of users’ transaction database.

*The example of multiple transactions: say you’ve purchased a currency at one rate, sold it at another rate, purchased it again and sold it, traded it for another currency, etc. It becomes challenging to calculate the percentage of currency profitability, as well as the whole portfolio ROI.

FinTab team has found the solution to this problem. Now you can always be sure to know your exact profit or loss (% or absolute value) on each currency or portfolio, no matter how many transactions you’ve performed.

But those are not our main differences

Our main point is our positioning. The service is intended for use by the following user categories:

• Traders — active users, working both on short and long positions. They perform numerous transactions and may have several active portfolios. Unlike the "Individual investors", traders perform series of transactions: several transactions within the same currency - purchase, exchange, transfer, withdrawal. They need to keep a record of these transactions and be able to see the overall statistics. Moreover, it is important to automate the addition of transactions.
• Trusts — in other words, traders who take third-party finance under management and supervise several clients. They need to be able to separate the agent and client accounts, and actively interact with the technical support for individual improvements. The agent account will feature the possibility of setting the client cabinet for each separate client: displaying the relevant information, placing a personal logo, generating a report, etc.

Here are the vital features that will be implemented for these types of users:

• the unlimited number of portfolios divided into public and private ones;
• personal cabinet with reports system and extended analytical tools;
• simple, yet powerfully protected integration with cryptocurrency exchanges via API for the automated transaction data transfer (in order to exclude the manual transaction input).

For trusts (traders managing multiple clients) the most important features will be:

• division into agency and client accounts **;
• personal technical support.

**Each client’s individual portfolio access. You can set up the information you wish to display to each separate client. At the same time, unlike the ordinary portfolios, the client accounts are automatically synchronized with the agency accounts, thus, performing any transactions in your agency account you won’t need to manually duplicate them in your client’s account.

Now we are preparing for the pre-ICO. If you have an interest and want to take part in pre-ICO, apply for the pre-ICO here:
http://fintab.io