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http://bit.ly/CommunitySSOTrack Bitcoin (BTC) and other Cryptocurrency accounts in Quicken (45 Legacy Votes +3 Merged)
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Right now buying in exchanges is a PITA. Want to buy ripple in an account/exchange? Enter a sell order for BTC, at whatever current market is, then enter your buy order. Exchanges detail everything in the crypto used for the exchange, but Quicken requires 2 entries. Use same 'dollar amount' in both transactions, but you need to track the sale price of BTC, and cost basis for your purchase per the IRS.
If the update service could interact with generic online crypto reporting services (I used blockfolio, others have been mentioned) it would be easy to import pricing.
8-9 decimal places in 'share' balances, and pricing would be great. I have had to enter wallets as unlinked brokerage accounts, manually entered 'coins' as a OTHER class of stock, then manually update every so often. Just spent 45 minutes updating values since BTC is over $20k today.
As someone else mentioned, if Quicken doesn't fill the void, someone else will. I would think Quicken would want to service those few million users. Maybe not.
Allow 8 decimal places for number of shares. Cryptocurrency shares goes out to 8 decimal points.
Allow Quicken to download historical cryptocurrency prices.
Add Coinbase Wallet to Financial institution list to download transactions from your Coinbase Wallet account into Quicken. https://wallet.coinbase.com
1) Add Coinbase Wallet (https://wallet.coinbase.com) to the list of financial Institutions so we can track and download our cryptocurrency assets.
2) Allow 8 decimal places for number of shares. Cryptocurrency shares goes out to 8 decimal points.
3) Allow Quicken to download historical cryptocurrency prices.
Quicken please add these features.
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP
If Quicken wants to keep pace with technology / FinTech and the cutting edge masses of customers starting to use it, we need more decimal places!
The underline variable type they have to be using is a double. It has a max precision from 15 to 17 digits. For that to changed almost ever part of the code would be affected, not to mention since it wouldn't be able use a built-in type, the performance of all of Quicken would go down.
What's more you have understand that the 15 to 17 digits are the "total digits", not the digits after the decimal point. A double is stored as 1 bit for the sign, 11 for the exponent, and 52 for the "digits". It is the 52 bits that determine how many digits can be displayed accurately. This is the standard for all current floating point processors. Because the conversion between binary and decimal can be "fractional" that is why you can't pin down the exact amount of digits that would be accurate, so 15 would be the conservative number to use to make sure you really have that precision. So even doing this 1.00000000000001 isn't possible.
And not only would this affect every number in Quicken, it would also affect how they have to be displayed. In other words columns and text boxes and such that have these numbers in them would have to be increased in size.
BTW it is an interesting fact that they recently bumped up the number of decimal "after the decimal point" recently by two more digits. And that in turn caused "rounding errors" for some people's data. I have a feeling the developers might not be inclined to repeat that with adding even more digits.