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Cryptocurrency Portfolio Management
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crypto portfolio tracker
best crypto portfolio

Gains and losses on your crypto portfolio tracker

Know your crypto portfolio’s realised gains and losses
Calculate the unrealised gains and losses
Tax liability on your realised gains

Know crypto portfolio allocation

Break up of assets such as crypto tokens, NFTs, margin trades
Get analyses on making better investment decisions
Understand an overview of the crypto portfolios risk exposure
crypto portfolio tracker
crypto portfolio tracker

Take charge of your crypto portfolio

Track your crypto asset performance in relation to the benchmark, eg, ETH
Know the value of your crypto portfolio at the start of the year vs currently
Notice the leverage of individual crypto trades and for the overall portfolio too

Integrate your transactions now to get an overview of your entire crypto portfolio.

crypto portfolio tracker

Calculate Crypto Taxes within 30 minutes

  • Designed for crypto taxes in the Indian market
  • Preview your tax report - for free!
  • File compliant reports directly with the regulators
crypto portfolio manager

We decrypt Crypto for you

crypto portfolio tracker
narenbinocsNov 15, 2022

What Are Stocks? and How to invest in Stocks?A stock is a broad term that refers to any company’s ownership certificates. A share, on the other hand, refers to a company’s stock certificate. You become a shareholder if you own a share of a specific company. Stocks are mainly invested in for either dividends or capital appreciation,Stocks are classified into two types:1. Common stock: Enables the investor to receive dividends and vote at shareholder meetings.2. Preferred stock: This type of stock entitles the owner to dividends before common stockholders. Furthermore, if a company declares bankruptcy and must liquidate its assets, preferred stockholders are prioritized over common stockholders. They cannot, however, vote in shareholder meetings.Investing small chunks of money in a public company is what investing in stocks entails. Those small shares are known as the company’s stock, and by investing in them, you are betting on the company’s long-term growth and performance.Investing in the stock market is a very detailed and complex topic, but when explained at a basic level, it’s just like buying chocolates (except you don’t eat those chocolates; instead, you hold or sell them until the price rises). You must first open a Demat account, which stores electronic copies of your shares before you can invest in both the primary and secondary markets. A trading account is also required when buying and selling stocks online. Following are the ways in which one can invest in the stock market:Invest in companies directly by purchasing their stock through a full-service broker.Investing in stocks is done through mutual funds.Investing in stocks through exchange-traded funds (ETFs), which are a type of index fund.What is cryptocurrency? How to invest in CryptocurrencyA cryptocurrency is a digital or virtual currency that is protected by cryptography, making counterfeiting nearly impossible. Many cryptocurrencies use blockchain technology to create decentralized networks. The fact that cryptocurrencies are generally not issued by any central authority makes them theoretically immune to government interference or manipulation. Cryptocurrencies have grown in popularity in recent years due to the high returns they can provide in a short period of time. Two of the most well-known cryptocurrencies are Bitcoin and Ethereum.Unlike fiat currency, cryptocurrency does not exist in physical form unless the owner wishes for it to be converted into one. When you purchase a crypto token through an online exchange platform, it is saved in a digital wallet.To invest in cryptocurrencies, you must first create an account on a cryptocurrency exchange platform. There are thousands of cryptocurrencies on the market, and a specific exchange may not support the virtual currency you wish to purchase. Step 1) Conduct research before deciding on an exchange.Step 2) Open an Account on the exchangeStep 3) Deposit fiat money before you can begin investing in cryptocurrencies.Your cryptocurrency token will be stored in an exchange-managed custodial wallet. Your tokens can also be stored in a cold wallet, which is a physical device also known as a hardware wallet. Another option is to use a hot or software wallet, which is a mobile, desktop, or web-based application that stores your token online. When compared to an online wallet, a physical wallet provides greater security.Difference Between Stocks and CryptocurrencyStocks are a long-standing asset class that can produce both long-term and short-term returns. Cryptocurrency is a newer financial instrument with higher price volatility and risk. While both instruments are appealing to traders and investors, cryptocurrencies are frequently viewed as a viable alternative to more traditional assets. Having said that, profitable strategies can exist in both markets. here the major difference between the two:Point of DifferenceStocksCryptoType of AssetsPhysical AssetDigital AssetNatureOwning a part/entire of the public companyOwning the part/entire digital currencyEntrance to the MarketRelatively HarderEasier, Anybody can start mining or dealingRegulatedStrongly & safely regulatedIn its initial phase, thus lightly regulatedRisk FactorInherent but Limited & VariesHigh RiskFutureHere to StayUnpredictableInvestment strategyMany, but long-term holding yields the best return.Fewer data is available, thus early exit at a higher price is good enough.Crypto Taxation vs Stocks Taxation– Capital Gains are the SameCrypto and stock capital gains are identical. According to IRS Notice 2014-21, cryptocurrency is considered property. When you hold a token as an investment, it is subject to the same capital gains tax as stocks and securities.– Capital Losses: Crypto Offers More Frequent Tax Loss HarvestingCrypto does provide more benefits when your portfolio crosses the ‘Red’ line. Because cryptocurrency is treated as property, the wash sale rule does not apply to it, so it will assist you in offsetting the losses with your other income. The wash sale rule forbids companies from claiming losses on sold stocks and then repurchasing “identical” stock within 30 days of disposal. There is no need to wait 30 days to harvest losses in the case of cryptocurrency.Crypto or Stocks: What Should You Invest In?– Stock InvestingIf you want to build wealth gradually, investing in stocks may be the best option for you. We can see from decades of stock trading history that stocks are among the best ways to build wealth in the long run. Given the inherent risk, performing proper fundamental analysis in conjunction with a prudent approach to investing can produce excellent results.– Cryptocurrency InvestingInvesting in crypto is risky, but it has the potential to rapidly increase your wealth if you have knowledge about it. The volatility factor cannot be ignored, and cryptocurrency’s future is uncertain. The vast majority of financial advisors advise their clients to avoid this risky investment in order to meet their long-term financial objectives.The Bottom LineThe article very clearly answers the hot question: is crypto better than stocks? And where should you invest? The differences are mentioned in the article and it states to you the good and bad aspects of both instruments. Investing in stocks vs crypto is like buying clothes; some like baggy and trendy, while others like form-fitting and timeless, but neither is inferior to the other. Similarly, it is your appetite, capital, and goals that will determine which is better crypto or stocks.FAQs 1. Are crypto taxes the same as stocks?No, stocks vs crypto taxation are totally different. According to recent reports, the government intends to tax cryptocurrency income at a flat 30% rate. Short-term capital gains on the sale of equity shares/equity-oriented mutual funds are taxed at a flat rate of 15% on the sale of equity shares/equity-oriented mutual funds. Long-term capital gains on the sale of equity shares/equity-oriented mutual funds, on the other hand, are taxed at 10% above Rs 1 lakh. There is no tax on gains up to Rs. 1 lakh.2. Does crypto make taxes harder?No, cryptocurrency is a type of asset that will be taxed when profited from, it’s that simple. It may not be accurate or reasonable because it is a new concept for taxation, but currently, flat tax rates on cryptocurrency may be unreasonable but make calculation and compliance fairly simple.3. Is it better to invest in stocks or crypto?Each to their own! Both crypto and stocks have the potential to fluctuate in value, so investing in either is risky. Whereas stocks are slightly more stable but offer fewer rewards, cryptocurrency has a reputation for abrupt and severe fluctuations in value that can occur without warning and can earn you unimaginable returns. It will be your decision to choose which is better crypto or stocks based on your requirements.4. Is crypto tax higher than stocks?Yes, when it comes to stocks vs crypto taxation there is a higher gap, where crypto is currently taxed at a flat 30% rate, whereas stocks are taxed based on holding period, with the highest tax rate on stocks being 20%.5. Which is better crypto or stocks?Both assets have their own pros and cons, but it is your inclination and future planning that will automatically show you who wins in stocks vs crypto. 

crypto portfolio tracker
narenbinocsNov 15, 2022

How do Crypto Taxes work?Cryptocurrencies such as bitcoin are considered property under IRS regulations. This means that any time you sell, exchange, or dispose of cryptocurrency to buy something, you are engaging in a taxable transaction. Crypto taxes will be levied on the owner of such cryptocurrency. Users will be able to “instantly convert their chosen cryptocurrency balance to fiat currency, with the certainty of value and no incremental fees,” according to the Paypal announcement.This means that whenever a user purchases a product or service from a merchant, PayPal will convert the cryptocurrency to fiat, resulting in a tax liability for the user. The best part is that merchants will be able to accept a new payment method without having to worry about additional taxes or the complexities of cryptocurrency accounting because PayPal crypto hub will allow users to deal with PayPal crypto taxes and generate cryptocurrency on the user’s behalf while paying the merchant in fiat currency.What is the PayPal crypto hub?PayPal announced the launch of the PayPal crypto hub in October 2021. This new service would allow PayPal customers all over the world to buy, sell, and store cryptocurrency, spend it at any of PayPal’s 26 million merchants as well as deal with PayPal crypto tax through the hub. Users will be able to buy and sell four different cryptocurrencies through the PayPal crypto hub, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.When you buy cryptocurrency with PayPal, you cannot move it off the platform like you can with traditional crypto exchanges and wallets. This is due to the fact that with PayPal crypto tax is bound to occur as you only have access to the public address of your cryptocurrency, not the private key. This means that the platform is useful for those who want to buy HODL crypto in PayPal, or even sell more frequently as the market fluctuates. However, it is of little use to investors who want to move their crypto between wallets and exchanges in order to use their crypto for other investments such as staking, lending, or DeFi protocols.How do you report PayPal crypto taxes?Capital gains and losses in cryptocurrency are reported to the IRS as part of your Individual Tax Return. On Schedule D of IRS Form 8949, you must list each disposal (sale or spend) as well as your net capital gains and losses. Because PayPal’s crypto assets are ‘locked’ within the platform, tax reporting for PayPal crypto is much simpler. Often these cryptocurrency platforms allow you to move your cryptocurrency between exchanges and wallets, as well as wrap coins to move them across blockchains. This makes tracking things like cost basis and subsequent capital gains and losses difficult.However, because all of your cryptocurrency in PayPal is locked up – this isn’t an issue for those using the PayPal crypto hub, which may explain why PayPal decided to keep custody of private keys. This means that PayPal will be able to provide users with accurate 1099 forms to assist them in reporting their cryptocurrency taxes.Example: Using bitcoin to buy a car on PayPalJohn wishes to purchase a $1,500 car from a PayPal merchant. To complete the payment, John uses three Litecoins that he has in his PayPal wallet. John paid $300 for this Litecoin a few years ago, and it is now worth $1,500. When John initiates the payment, PayPal converts the three Litecoins into $1,500 (fiat currency) and transfers the funds to the merchant. It is your responsibility to determine whether or not any taxes apply to transactions made through your Cryptocurrencies Hub. You can view your transaction history and account statements in your PayPal account to determine your PayPal crypto taxes and any required tax filings or payments. As a result, John at this taxable event must pay long-term capital gains tax on $1,200 ($1,500 – $300) at the time of the conversion. Taxes would be approximately $180 ($1,200 x 15%).Cryptocurrency WithdrawalsIt’s also worth noting that, at least initially, PayPal will not allow cryptocurrency withdrawals from your PayPal wallet to any other wallet. If a user wishes to close their PayPal crypto account, they must sell the cryptocurrency in the account, resulting in a taxable event.FAQs1. Can you transfer Bitcoin to PayPal?Yes, PayPal initially prohibited such transactions, but users can now add Bitcoin to their PayPal account/wallet. You can also transfer cryptocurrency from other wallets into PayPal and to other PayPal users.2. What are PayPal crypto fees?The platform’s simplicity has a positive side effect: it means that paying PayPal crypto taxes or fees is simple. Each transaction will incur a fee, just like any other cryptocurrency. When you buy or sell cryptocurrency on the PayPal crypto hub, you will be charged the following fees. Meanwhile, when you spend cryptocurrency through PayPal, it converts it to USD automatically, so there are no fees for using this service.Purchase/Sale AmountFee$1 – $24.99$0.50$25 – $1002.30%$100.01 – $2002.00%$200.01 – $1,0001.80%$1,000.01+1.50%3. How much crypto can I buy on PayPal?You can purchase cryptocurrency for as little as $1 or as much as $100,000 per week. The investor has to keep in mind that this will include the fees that have to be paid for specific transactions as well. 

Frequently asked questions

Everything you need to know about Binocs.
Do I need to add any personal information?
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