In this article, we are going to explain how to create trade groups in CoinTracking.
Using trade groups can help you gain a better overview of your transactions and organize them more effectively.
The article is separated into three sections:
1) How to create Trade Groups
2) Additional Use Cases for Trade Groups
3) Best Practices/Recommendations:
1) How to create Trade Groups
On the Transactions page, you can manually assign a "trade group" to any transaction.
If you want to set a trade group for multiple transactions, you can perform a Bulk Edit.
You can also add a trade group / label to API or blockchain jobs. This will create a corresponding trade group for all transactions imported through that job.
This feature can be useful to distinguish between different imports, such as BTC Imports or ETH Imports, since all transactions from these imports are automatically categorized as "BTC Transaction" or "ETH Transaction."
How to set a label for an API or Blockchain Job:
In this example, we will create a label for an API Job. The process is the same for a Blockchain Job.
When you create an API job by importing your API and Secret Key, you can set a label for the transactions imported via the API. All transactions imported via this API will now carry your provided label:
You can also set a label for an existing API Job. To do so, go to your desired API importer and click on "Edit"
Then enter your desired label:
Now your transactions will be displayed with your chosen label / trade group for a better overview:
2) Additional Use Cases for Trade Groups
You can filter via trade group on every CoinTracking feature or tool that offers a filter option. This provides an even better overview of your transactions.
On the Balance by Exchange page, you can also use the drop-down menu to sort transactions by Trade Group.
3) Best Practices/Recommendations:
- Keep trade group names concise (limit to 60 characters).
- Use a limited number of trade groups (preferably fewer than 50) to avoid potential performance issues in Reports / Tools.
- Trade groups can be utilized as a condition for Bulk Edit and Delete transactions.