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Coinbase

r/CoinBase

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Posted by2 hours ago
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Posted by2 hours ago
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Posted by7 hours ago
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Posted by9 hours ago

I am really considering on transferring all my assets to another crypto exchange.

Why?

Because CoinBase lacks in showing your own Profit / Loss statistic in a straigthforward / simple manner. I am not talking about the Total Balance of your CoinBase account (that is shown and well).

What we do not have is a single page where you would see the complete list of your assets together with the percentage (%) and the absolute value of the Profit (in positive green) or Loss (in negative red) of your investment. The Profit / Loss, not of last 24 hours, not of last 7 days, not of last month, but since your asset investment dates to see if you are making money or losing money with a particular asset.

The only way I can see Profit / Loss of an asset is through the CoinBase Mobile app (yes, only the mobile version, not the website one — I just do not undertand this "discrimination"). These are the steps you must take to ONLY see one particular asset's profit/loss information (in %, not absolute value):

  • CoinBase App -> My Assets -> Bitcoin -> Bitcoin Main Balance -> Select any buy transaction -> Click on "upload" icon (top right corner)

Now, imagine doing this for each cryptocurrency you own, for each transaction you have made.Is not this a waste of time?

Why can not CoinBase provide a single page where it shows you the Profit / Loss of each asset you own? What is the point of seeing the Total Balance of your account, if then you can not know immediately which asset is making or losing you money?

P.S.:

  1. - If I missed a menu where CoinBase shows you the Profit / Loss, please, do prove me wrong.

  2. - Yes, you can make a simple (or not so simple) Google Sheets where, e.g., you request through API Connector extension your account assets information and the cryptocurrency spot prices from CoinBase, and then apply all the formulas you need. I am doing that and I know how to code. But, what about those who do not know how to code? Is it fair to keep them in the dark? Is software meant to easy our lives out, or not?

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Created Mar 21, 2013
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