Question 1

Can I use Clarity as a Monero portfolio tracker?

Accepted Answer

Yes. Clarity works as a comprehensive Monero portfolio tracker that monitors all your connected accounts with detailed cost basis calculations, real-time performance metrics, and complete net worth context in one unified dashboard that updates automatically every day. You can monitor your Monero position alongside every other asset you own — stocks, bonds, crypto, cash, and real estate — without switching between multiple apps or maintaining manual spreadsheets for reconciliation. Clarity syncs your Monero data automatically through secure daily connections so your portfolio information is always current and accurate, giving you the confidence to make informed investment decisions based on reliable, up-to-date Monero position data that reflects your entire financial picture across all accounts and platforms.

Question 2

How does Monero tracking in Clarity compare to other crypto trackers?

Accepted Answer

Unlike single-purpose crypto trackers that only show one asset class in isolation, Clarity shows Monero alongside all your other assets — bank accounts, brokerage positions, exchange balances, and wallet holdings — so you see the complete financial picture rather than just one isolated slice of your portfolio. Clarity also provides automatic cost basis calculations using FIFO methodology, comprehensive tax reporting preparation with wash sale detection, and historical performance benchmarking against major market indexes that most standalone crypto trackers do not include in their feature set. This comprehensive, unified approach means you can evaluate how Monero contributes to your overall net worth and long-term investment strategy without juggling multiple platforms or manually combining data.

Question 3

Is my Monero data secure in Clarity?

Accepted Answer

Clarity uses read-only connections through providers like Plaid and direct API integrations, so Clarity does not move funds or execute trades on your behalf. Sensitive integration credentials are encrypted before persistent storage, data is protected in transit with TLS, and the broader database layer uses provider-managed encryption at rest. For Plaid-linked institutions, Clarity does not receive your bank login credentials. For direct exchange or AI-provider connections that you choose to add, Clarity may store encrypted API tokens so the connection can keep working. We do not sell your Monero data to third parties.

Question 4

Does Clarity calculate Monero cost basis for tax reporting?

Accepted Answer

Yes. Clarity calculates your Monero cost basis using FIFO methodology and maintains detailed tax lot records for every single transaction across all your connected exchanges and wallets. The system automatically detects wash sales within the thirty-day window, properly accounts for transfers between your own wallets without triggering false taxable events, and organizes your complete Monero activity into the specific categories needed for Form 8949 and Schedule D reporting. This automation saves you hours of manual reconciliation each tax season and reduces the risk of reporting errors that could trigger audit attention from the IRS.

Question 5

Can I track Monero across multiple wallets and exchanges in Clarity?

Accepted Answer

Absolutely. Clarity connects to all major centralized exchanges through direct API integration and monitors on-chain wallet balances across multiple chains, aggregating all your Monero holdings into a single consolidated view regardless of where you store them. Whether you hold Monero on Coinbase, Binance, Kraken, MetaMask, Ledger hardware wallets, or any other supported platform, every balance and transaction appears in one unified dashboard with consistent cost basis tracking across all sources. This aggregation eliminates the need to manually reconcile Monero positions across multiple platforms and gives you a true picture of your total crypto exposure.

Question 6

Is Monero (XMR) a good investment?

Accepted Answer

Clarity does not provide investment advice, but it helps you track and analyze your XMR holdings alongside the rest of your portfolio. We recommend doing your own research before making investment decisions.

Question 7

How do I track Monero for taxes?

Accepted Answer

Clarity calculates XMR cost basis using FIFO methodology and organizes your trade history into tax lots for straightforward capital gains reporting on Form 8949.

Monero

XMR price chart

What Clarity tracks

What you can do

How Monero compares to other cryptocurrencies

How people review XMR in Clarity

Cost Basis Tracking

Price Monitoring

Tax Lot Management

Frequently asked questions