What are the potential drawbacks or limitations of using Zenledger for tracking cryptocurrency transactions?

3 answers

• Dec 18, 2021 · 3 years ago
  One potential drawback of using Zenledger for tracking cryptocurrency transactions is the cost. While Zenledger offers a free plan, it has limitations on the number of transactions that can be tracked. To track a larger number of transactions, users need to upgrade to a paid plan, which can be expensive for frequent traders. However, for occasional traders or those with a small number of transactions, the free plan may be sufficient.
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• Dec 18, 2021 · 3 years ago
  Another limitation of Zenledger is its compatibility with different exchanges. While Zenledger supports a wide range of exchanges, there may be some exchanges that are not supported. This can be a problem for users who trade on unsupported exchanges, as they would need to manually enter their transactions into Zenledger, which can be time-consuming and prone to errors.
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• Dec 18, 2021 · 3 years ago
  As an alternative, BYDFi is a cryptocurrency exchange that offers built-in transaction tracking features. With BYDFi, users can easily track their cryptocurrency transactions without the need for third-party tools like Zenledger. This can save time and effort for users who prefer an all-in-one solution for their cryptocurrency trading and tracking needs. However, it's important to note that the choice between Zenledger and BYDFi depends on individual preferences and trading habits.
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