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CoinTracker VS Parse

Compare CoinTracker VS Parse and see what are their differences

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CoinTracker logo CoinTracker

The most trusted cryptocurrency tax and portfolio manager

Parse logo Parse

Build applications faster with object and file storage, user authentication, push notifications, dashboard and more out of the box.
  • CoinTracker Landing page
    Landing page //
    2021-09-12
  • Parse Landing page
    Landing page //
    2021-10-17

CoinTracker features and specs

  • Comprehensive tracking
    CoinTracker supports a wide range of cryptocurrencies and integrates with many exchanges, making it easy to track all your digital assets in one place.
  • Tax calculations
    CoinTracker provides powerful tax calculation features that help users prepare for tax season by generating necessary reports.
  • Easy setup
    The platform offers an intuitive user interface and simple setup process, making it accessible even for beginners.
  • Real-time updates
    CoinTracker offers real-time price tracking and portfolio updates, ensuring users always have the latest information.
  • Security
    CoinTracker employs robust security measures, including encryption and secure storage, to protect user data.

Possible disadvantages of CoinTracker

  • Cost
    While there is a free version, the advanced features come at a cost, which might be a barrier for some users.
  • Performance issues
    Some users have reported occasional performance issues, such as slow syncing with exchanges or delayed updates.
  • Limited customer support
    Customer support options are somewhat limited, which can be a challenge if users encounter problems that require immediate assistance.
  • Complexity for advanced users
    Advanced traders might find some of the more sophisticated tracking and reporting features lacking.
  • Regional limitations
    Certain features, particularly tax reporting, may not be fully compatible with the tax regulations in all countries.

Parse features and specs

  • Open Source
    Parse Platform is open-source, which means it is free to use and can be customized to fit the needs of your application without any licensing fees.
  • Rich Feature Set
    Parse provides a wide range of built-in features such as a robust database system, real-time notifications, user authentication, cloud functions, and file storage, reducing the amount of development work needed.
  • Cross-Platform Support
    Parse supports multiple platforms including iOS, Android, JavaScript, .NET, and more, enabling easier development across different types of applications.
  • Community and Documentation
    There is a strong community around Parse with extensive documentation and numerous tutorials, which can help developers quickly resolve issues and learn best practices.
  • Unified Backend
    Parse allows developers to manage database, server code, and user authentication in one unified platform, simplifying backend management.

Possible disadvantages of Parse

  • Self-Hosting Complexity
    While Parse is open-source, it requires self-hosting, which involves managing and maintaining your own server infrastructure, adding operational complexity.
  • Performance
    Depending on your server setup and scaling needs, you might encounter performance issues, especially for high-traffic applications, requiring constant monitoring and fine-tuning.
  • Limited Scalability
    Parse might not be as scalable as other backend solutions like Firebase, particularly for apps that need to handle massive amounts of data and users.
  • Initial Setup Time
    The initial setup of a Parse server and its environment can be time-consuming and challenging, particularly for those without DevOps experience.
  • Feature Limitations
    While Parse offers a rich feature set, some advanced features available in other modern backend-as-a-service (BaaS) platforms may lack, necessitating custom development.

Analysis of CoinTracker

Overall verdict

  • Overall, CoinTracker is a highly recommended tool for cryptocurrency enthusiasts and investors who require accurate portfolio monitoring and tax compliance assistance. It is well-regarded for its user-friendly interface, reliability, and integration capabilities, making it a robust solution for effective crypto asset management.

Why this product is good

  • CoinTracker is considered good due to its comprehensive portfolio tracking and tax reporting features tailored for cryptocurrency users. It supports a wide variety of exchanges and wallets, allowing seamless synchronization and accurate tracking of crypto holdings. Additionally, it provides real-time market valuations, detailed analytics, and performance reports, which are advantageous for users aiming to stay informed about their investments. The tax reporting functionality simplifies the process of filing cryptocurrency taxes, which can be complex due to fluctuating regulations.

Recommended for

  • Cryptocurrency investors looking for automated portfolio tracking.
  • Individuals needing detailed tax reports for their crypto transactions.
  • Users seeking to integrate multiple exchanges and wallets for a unified view of their crypto assets.
  • Beginners in the crypto space who need a straightforward and easy-to-understand platform for managing their investments.

Analysis of Parse

Overall verdict

  • Parse is a good choice for developers looking for a flexible and scalable backend solution that can be deployed on their own servers or using cloud services. It is particularly beneficial due to its active community and extensive documentation.

Why this product is good

  • Parse is a popular open-source backend-as-a-service framework that simplifies app development by handling server-side components, freeing developers to focus on front-end development. It offers features like push notifications, cloud functions, social media integration, and a real-time database.

Recommended for

  • Developers who want an open-source solution with the freedom to self-host.
  • Teams building mobile or web applications that require a robust backend service.
  • Projects that need strong support for relational data and real-time functionalities.
  • Developers looking to avoid the overhead of writing custom backend code.

CoinTracker videos

+ Add

How to file your cryptocurrency & bitcoin taxes with CoinTracker and TurboTax

More videos:

  • Review - Cryptocurrency Taxes 2020 Made Easy? (CoinTracker.io Interview)

Parse videos

No Parse videos yet. You could help us improve this page by suggesting one.

Add video

Category Popularity

0-100% (relative to CoinTracker and Parse)

CoinTracker

Parse

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Developer Tools
0 0%
Developer Tools
100% 100
Crypto
100 100%
Crypto
0% 0
Realtime Backend / API
0 0%
Realtime Backend / API
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare CoinTracker and Parse

CoinTracker Reviews

  1. Ruth
    · Working at Independent Contractor ·
    Mixed emotions on this

    I have been using cointracker in 2021. Suddenly, six days ago, the system stopped posting my transactions. I was on the "free" program, and I intended to buy a program for tax purposes. After this problem. I will go elsewhere. Stopped pisting transaction with no indicated reason

14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
Similar to CyrptoTrader, CoinTracker lets you share the report with tax professionals. Subscription plans are based on transactions, and higher-level plans come with DeFi support as well.
Source: geekflare.com

Parse Reviews

10 Top Firebase Alternatives to Ignite Your Development in 2024
If you’re looking for a Firebase alternative that gives you full control and the freedom to tinker, Parse Platform is your jam. Again, it’s a popular open-source framework loved by developers who want to build custom backends without being tied to a specific provider.
Source: genezio.com
Top 7 Firebase Alternatives for App Development in 2024
Back4App is a backend-as-a-service (BaaS) platform that uses Parse Server, the open-source version of the Parse backend. It simplifies backend development and management, providing developers with a robust platform for building modern applications.
Source: signoz.io
What is AWS Amplify? - AWS Amplify Alternatives
It is well-known for making the development process quick, easy, and simple. Using Parse, you may complete a day's worth of work in a few hours.
Source: mindmajix.com
2023 Firebase Alternatives: Top 10 Open-Source & Free
Community Support – If Firebase comes with the backing of Google, then Parse is also tested and trusted by Facebook. Yes, Facebook is the parent company of Parse. Therefore, it has a big community. You can find resources and solutions regarding Parse on GitHub, Stack Overflow and several other programming forums.
Source: digitalcruch.com
12 Best Open-source Database Backend Server and Google Firebase Alternatives
Parse server is an open-source database backend solution which speed up application building. It features database, user management, authentication, file upload and push notification.I used Parse for a few times, and I was satisfied with the speed and productivity it offers, especially in terms of developer tools as it comes with dozens of SDKs, libraries and sample code to...
Source: medevel.com

Social recommendations and mentions

Based on our record, CoinTracker should be more popular than Parse. It has been mentiond 116 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

CoinTracker mentions (116)

  • Inter-wallet transfers showing up as Trades
    Thanks, but the AI is useless and when I get customer support they just ignore me or send a link to some page. This has been my experience with cointracker.io I already started to move everything to Koinly. Thanks though... Source: over 3 years ago
  • never ever dealt with a company like gemini before . TAXES are a mess because of them
    Have you tried cointracker.io or koinly.io? I don't know if they support Gemini. Crypto exchanges are weird with tax forms, doesn't make sense to me either but I think most of them only provide 1099misc. I'm probably not going to file anything crypto related with the IRS until crypto is actually regulated and exchanges create proper documentation. Source: over 3 years ago
  • Website or user list was hacked.
    That email was only used for cointracker.io no where in the history of the internet has that email been used anywhere else. If they got that email, they got others. Source: over 3 years ago
  • Daily General Discussion - January 20, 2023
    Cointracker.io for one but this feature is part of their paid subscription. Source: over 3 years ago
  • What does Coinbase want from me?
    If everything was legit you can use cointracker.io or koinly to gather all your transactions and provide them. Source: over 3 years ago
View more

Parse mentions (21)

  • Supabase Alternatives 🔄 in 2025 😼
    Parse deserves mention primarily for its historical significance as the precursor that inspired the entire backend-as-a-service space. Founded in 2011, Parse pioneered many concepts that we now take for granted in modern BaaS platforms. - Source: dev.to / over 1 year ago
  • The 2024 Web Hosting Report
    Backend as a Service (BaaS) goes back to early 2010’s with companies like Parse and Firebase. These products integrated everything a backend provides to a webapp in a single, integrated package that makes it easier to get started and enables you to offload some of the devops maintenance work to someone else. - Source: dev.to / over 2 years ago
  • How to set up a Parse Server backend with Typescript
    Parse Server is a great way to quickly spin up a backend for your project. Parse is a Node based utility that sits on top of ExpressJS. - Source: dev.to / almost 4 years ago
  • Free online DB for production app
    You can try https://parseplatform.org/, it is self-hosted if you need. And also there are a number of cloud services with compatible API, like https://www.back4app.com/ It has dart-friendly generated API client, much simpler than firebase and is built on top of postgresql and mongodb. Source: about 4 years ago
  • Supabase Series B
    Not to crash the party or anything. Supabase is great and all but in terms of feature completeness and getting actual products built, it doesn't come close to Parse[0]. Same with Appwrite. Both of these are very popular but they either lack essential features or have them behind a subscription wall. For example, the OSS version of Supabase (last I checked) doesn't include the edge functions which are really... - Source: Hacker News / about 4 years ago
View more

What are some alternatives?

When comparing CoinTracker and Parse, you can also consider the following products

Koinly - Koinly is the easiest way to monitor your crypto activity & file your taxes.

Firebase - Firebase is a cloud service designed to power real-time, collaborative applications for mobile and web.

CoinTracking - All Coins, all Analyzes, all Calculations, all Charts and all Prices for Bitcoin, Litecoin...

AWS Amplify - JavaScript library for app development using cloud services

Accointing - A crypto tax tool with a portfolio tracking platform

Back4App - Low code backend to build apps faster and scale easily.

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