Add Bitcoin to your portfolio

Content also available for New Zealand and Australian tax entities or on our global site.

Sharesight beta feature for tracking Bitcoin

1 From the left panel ‘Add New Holdings’ on the ‘Add or import holdings’ page, type the holding name: Bitcoin or code: XBT in the ‘Search by name or code’ box. Bitcoin is on the FX: Foreign Exchange Market in Sharesight.

1 type Bitcoin CA

2 Select if you are adding a ‘Buy’ or ‘Opening Balance’

Buy - step by step guide

3 Select the date of the transaction from the dropdown calendar.

4 In the ‘Quantity’ box, input the number of Bitcoins purchased from the Buy trade.

5 Input the ‘Exchange Rate’ at the date of the Buy trade. Alternatively select the exchange rate provided by Sharesight by selecting the rate below the box. The exchange rate is Bitcoin to the currency of the portfolio, as determined by the portfolio residency.

6 Input ‘Brokerage’ fees if there are any. Brokerage can be in Bitcoin or the currency of the portfolio, as determined by the portfolio residency. Select the currency from the dropdown menu above.

7 Review and then click ‘Save this holding’.

Bitcoin buy trade

Opening Balance - step by step guide

3 Select the date of the Opening Balance from the dropdown calendar. We recommend using the date of the beginning of the financial year.

4 Input total Bitcoin cost at Opening Balance date in ‘Cost base’.

5 Input number of Bitcoins at Opening Balance date in ‘Quantity’.

6 ‘Market value’ is calculated by Sharesight using the ‘Quantity’ of Bitcoins, divided by the exchange rate. The exchange rate is Bitcoin to the currency of the portfolio as determined by the portfolio residency and can be edited by selecting the ‘edit’ link. To change the market value, select the ‘edit’ link and input a ‘Market price’ and ‘Exchange rate’ at the date of the Open Balance.

7 Review and then click ‘Save this holding’.

Bitcoin Opening Balance

Once the trade is saved, your Bitcoin investment will be added to your Sharesight portfolio and the Portfolio Overview page will load.

If you haven’t set up custom grouping, your holdings will be grouped by market on the Portfolio Overview page. Bitcoin is located in Foreign Exchange Market, FX.

FX market

Click on Bitcoin to load the individual holding detail page of Bitcoin.

Bitcoin Page

We’ve got a few additional features lined up in this space, so we’re interested in our clients’ initial feedback on this feature. Please post on the Bitcoin holdings tracking topic on Sharesight community with your thoughts and feedback.

Last modified on January 10, 2018 UTC