Cryptocurrencies

dennisestoll's Avatar

dennisestoll

16 Jan, 2018 09:45 PM

Can MoneyDance track the current price of cryptocurrencies?

  1. Support Staff 1 Posted by Ethan on 16 Jan, 2018 11:40 PM

    Ethan's Avatar

    I don't believe that our current source for security prices supports automatically downloading cryptocurrency values. From what I read, the prices can vary significantly based on the particular exchange.

    You can however enter in cryptocurrencies into Moneydance and update their prices manually. This can be done by either creating the cryptocurrency as a new currency or as a security in an investment account. I'd recommend the latter, since it seems like regulatory agencies are starting to consider these more akin to stocks as opposed to actual currencies, although I don't think this is settled. Moneydance also has better reporting tools for tracking changes in investment accounts versus simple currencies.

    Ethan
    Infinite Kind Support

  2. System closed this discussion on 17 Apr, 2018 11:50 PM.

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