How do I connect my Litecoin account to CoinTracker?
To add your Litecoin transactions to CoinTracker:
Download the CSV export of your transactions from Litecoin
Reformat those transactions into our CoinTracker CSV format (see our support guide here)
Import your CSV export to CoinTracker here
How to find your Litecoin public address
Your Litecoin (LTC) public address is what you use to receive or track your coins.
Mobile wallets (e.g., Trust Wallet, Exodus, Litewallet):
Open your wallet app.
Select your Litecoin account.
Tap Receive.
Copy your public address (usually starts with L, M, or ltc1).
Hardware wallets (e.g., Ledger, Trezor):
Connect your device and open the Litecoin app.
In the companion interface (Ledger Live, Trezor Suite), click Receive.
Copy the address displayed (L/M/ltc1).
Desktop wallets (e.g., Electrum-LTC, Exodus):
Open your wallet software.
Go to the Receive tab.
Copy your LTC public address.
Your public address can safely be shared for deposits or tracking—but never share your recovery phrase or private key.
How are Litecoin transactions taxed?
Litecoin (LTC) is treated as property for tax purposes, similar to Bitcoin. Each type of activity has its own tax implications:
Buying LTC with fiat (USD, MXN, etc.) – Not taxable; establishes your cost basis.
Selling LTC for fiat – Taxable capital gain/loss = sale proceeds − cost basis.
Trading LTC for another cryptocurrency – Taxable disposal of LTC; the new asset's value becomes your new cost basis.
Spending LTC on goods or services – Taxable, as it counts as selling crypto.
Mining Litecoin – Ordinary income at fair market value when mined; later sale = capital gain/loss.
Receiving LTC as payment – Taxable income upon receipt.
Transferring LTC between your own wallets – Non-taxable, but important to track for cost basis accuracy.
Transaction (network) fees – May be added to basis or deducted from proceeds depending on transaction type.
CoinTracker automatically categorizes your Litecoin transactions and computes your gains, losses, and income with precision.
Can the IRS track Litecoin?
Yes. Litecoin is a public blockchain, and all LTC transactions are recorded and traceable. The IRS and other tax authorities can:
Use blockchain analytics tools to analyze Litecoin transactions.
Receive transaction data and 1099 forms from exchanges and custodians.
Match wallet addresses to verified user accounts on KYC-compliant platforms.
Connecting your Litecoin wallet to CoinTracker ensures that all your activity is accurately tracked and compliant with reporting requirements.