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Track Bitcoin (BTC) and other Cryptocurrency accounts in Quicken (45 Legacy Votes)

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  • Joseph ArdenJoseph Arden Member ✭✭
    edited November 2019

    I'd just settle for the option to be added to Quicken to increase the number of decimal places to 8 to accommodate cryptocurrency share amounts and prices. 

    From my understanding, some cryptocurrency is 9 or even 10 decimal places for the number of shares. 
  • UnknownUnknown Member
    edited February 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    Quicken does not accommodate cybercurrency purchases. Buying a product using bitcoin, Etherium, etc. is both a stock-like sell and a spending transaction. A new transaction type is needed to account for this.
  • NotACPANotACPA SuperUser ✭✭✭✭✭
    edited October 2018
    This reply was created from a merged topic originally titled Cybercurrencies.


    The only problem with the purchase of cybercurrencies (which should be treated as an Investment ... not as Cash) is that Q only supports pricing to 6 decimal places ... and cybercurrencies frequently require as many as 9 decimal places.

    Search "bitcoin" (without the quotes) at the top of this forum for other discussions of the issue and how others are handling it.

    Note: This conversation was created from a reply on: Cybercurrency.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • UnknownUnknown Member
    edited February 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    Thank you, and 'yes', you can account for the buy and sell of cybercurrencies using an investment account. But a Q investment account can't handle the purchase of a categorized product or service. The 7th, 8th and 9th decimal places only really matter if your transactions are in the tens of millions of dollars and up. Otherwise, the write-off is negligible.

    Note: This conversation was created from a reply on: Cybercurrencies.
  • NotACPANotACPA SuperUser ✭✭✭✭✭
    edited October 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    AHHH, but you CAN use categories ... it's a 2 step process.  Sell the investment, and then use the Cash Transactions actions at the bottom of the investment acount's "Transaction List"

    Note: This conversation was created from a reply on: Cybercurrencies.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • UnknownUnknown Member
    edited February 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    It's a sell for currency (incurring a capital gain) and a distinct spend.  A single transaction could theoretically exist, but it would sure muddy the capital gains recognition that is required.

    Note: This conversation was created from a reply on: Cybercurrencies.
  • splashersplasher SuperUser ✭✭✭✭✭
    edited October 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    @Steve The 6 digits refers to the right (not the left) of the decimal and Quicken doesn't have enough precision to handle bitcoins.

    Note: This conversation was created from a reply on: Cybercurrencies.
    -splasher  using Q since 1996 -  Subscription  -  Win10
    -also older versions as needed for testing
    -Questions? Check out the  Quicken Windows FAQ list

  • UnknownUnknown Member
    edited October 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    I think what Steve is saying is this.  If bitcoin is at $10,000 (at $9,000 presently), 10,000 * .000001 = 1 cent.  So for moment and for bitcoin only (don't know about others) any part of a bitcoin that is a smaller faction doesn't matter, at least not until you add up a lot of those kinds of fractions.

    For instance you can't pay for anything with less that .000001 bit coins.

    Note: This conversation was created from a reply on: Cybercurrencies.
  • UnknownUnknown Member
    edited February 2018
    This reply was created from a merged topic originally titled Cybercurrency.


    That's actually a sensible approach, and I kinda wish I'd thought of it a year ago.  My choice was to record all cryptocurrencies in thousandths (1000 mBTC = 1 BTC, for example).  A little cumbersome, but it does have the satisfaction of tracking down to the 9th decimal.

    Since I can't download quotes through Quicken anyway, my price download spreadsheet does the 1000ths calculation for me.

    Note: This conversation was created from a reply on: Cybercurrencies.
  • Andrew TricaricoAndrew Tricarico Member ✭✭
    edited January 2019
    This reply was created from a merged topic originally titled cryptocurrency quotes.


    Please add quotes for cryptocurrencies to Quicken. Data can be pulled from sources such as Yahoo Finance, CoinMarketCap, Forbes CryptoMarket. etc. Please also increase the number of decimal places accepted in quicken for share qty to =>8 places.
  • UnknownUnknown Member
    edited January 2019
    Would be great to get this added as a feature, can Quicken respond if this is actually going to be added to a roadmap or a future update?
  • John NeilJohn Neil Member ✭✭
    Quicken needs to add asset support for digital crypto currently exchanges like Coinbase. These should be treated like brokerage accounts with the ability to buy and sell quantities of crypto currency with cash ala stocks. Also Quicken should be able to download and save the value of the crypto currencies in my exchange portfolio just like stocks.
  • John NeilJohn Neil Member ✭✭
    Currently I have to emulate this by setting up a brokerage account for Coinbase and then entering fake stock symbols for the crypto currency I hold. I shouldn't have to do this.
  • NotACPANotACPA SuperUser ✭✭✭✭✭
    edited August 2019
    Your seemingly simple request would require an EXTENSIVE amount of work/change to Q ... as Q doesn't currently support as many digits as would be required in order to support Crypto currencies.
    Don't expect your change to happen anytime soon.  EVERY amount field in Q would have to be expanded, an effort comparable to what happened for Y2K.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • Gold listed in grams with 3 decimal points. Silver ounces also with at least 3 decimal points. Coins of various sizes in both gold and silver or other precious metals.
    Crypto assets to 8 decimal points or more.

    I have not used mobile apps because I don’t want balances of accounts or transaction amounts sent by email!
  • schwaneschwane Member
    I must admit, I do feel like a boomer when I use Quicken and it can't even track my crypto. Honestly this should be a high priority task if quicken wants to survive the 20s.
  • chall3809chall3809 Member ✭✭
    I'm tracking my crypto by creating a custom security. I just want Quicken to be able to download prices. I'm not upgrading until I see this feature.
  • CatannieCatannie Member
    As a Boomer these comments mean nothing to me. Is there a step by step plan for entering a Bitcoin account somewhere? As in 1) take your bit coin and divide it by 100 and buy $1.00 worth or something along these lines. 2) put it in an investment account. cash account etc. I will be buying more Bitcoin and need to keep track of the spending in my budget. It also needs to show up in my estate for my guardian to find.
  • Scott CorfieldScott Corfield Member ✭✭
    Is it currently possible to track cryptocurrencies, specifically Ethererum in quicken? It would be great to be able to download transactions and price history from Coinbase into quicken. Is this possible today?
  • Quicken_TykaQuicken_Tyka Moderator mod
    Hello @Scott Corfield

    Thank you for taking the time to visit the Community to post your question, although I apologize that this feature isn't currently offered.

    I have moved your post to the ongoing Idea thread to add the ability to track Cryptocurriencies in Quicken.

    This Idea is under consideration and being reviewed by the development team, I do not have an ETA to provide when or if this will be implemented. Any changes or updates will be posted on this thread.

    Thank you,

    -Quicken Tyka

    -Quicken Tyka
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