Understanding CoinTracker's Pricing Information Sources
CoinTracker utilizes pricing data from CoinMarketCap.com for all supported cryptocurrencies. We use the 'opening' price as of 12 AM UTC each day.
Direct API Pricing Sources for Select Platforms
For cryptocurrencies traded on Coinbase, Uniswap, and Compound, CoinTracker integrates pricing directly through the APIs of these specific platforms.
Cost Basis Calculation for NFTs
The cost basis for Non-Fungible Tokens (NFTs) within CoinTracker is determined by the price of the cryptocurrency used at the time of purchase. This pricing strategy accurately reflects the real cost to the user when acquiring NFTs. Further information on valuing NFTs, particularly when dealing with transactions lacking historical price data, is provided in supplementary guidance materials like our NFT Crypto Tax Guide.