What is Mint.com?
Mint.com is a free service from the company known as Intuit that also offers other financial tools like TurboTax and others. Mint is a service that can be used to set up your own budget, check your credit score for free, get bill reminders, and more! It allows you to keep track of your bank accounts, investment accounts, all of your loans, and many other things. Mint.com compiles all of that information together for you so that can keep close track of your budget and net worth.
What are cryptocurrencies?
For those of you who are unfamiliar with what cryptocurrency is and how it works, a crypto is basically a form of digital currency. Many cryptocurrencies are backed by something called a blockchain. A blockchain is a detailed ledger of all of the different transactions of the cryptocurrency that are typically accessible to the public. The blockchain is distributed and duplicated throughout an entire network. This means that there is not one central bank or government entity that controls any of the numerous types of cryptocurrencies.
How to connect your crypto accounts to Mint!
Until recently, Mint.com only allowed you to connect and track regular banking and investment services like Sofi, M1 Finance, Worthy Bonds, and many more. However, they recently announced that they are now giving people the capability of connecting cryptocurrency-based accounts to their site now!
The investment brokerages that offer cryptocurrencies that you can now track on Mint.com include:
- Coinbase(includes: Coinbase, Coinbase Pro, and Coinbase Canada)
- Paypal(Includes: Paypal and Paypal Canada)
In order to connect your Mint account to any of these cryptocurrency brokerages, go to the app or website and go “Add Account” button, which is on the home page of the website and is an option in the little plus button on the top right of the Mint.com app. Enter the name and login information of whatever brokerage or brokerages that you use and Mint.com will link your account for you. Then you should be able to keep track of your cryptocurrency in the investment tab just like any regular investment accounts that you have linked.
image from Mint.com
There are other investment brokerages like Sofi Invest that offer many different cryptocurrencies that you can invest in. As of yet, it doesn’t seem like you can link your crypto accounts from them with Mint.com. Hopefully, now that Mint.com is has started allowing people to link cryptocurrency, especially ones where crypto isn’t the main focus like Robinhood and PayPal, they will continue to add other brokerages that offer cryptocurrencies as a secondary option in the future!
Disclaimer: I am not any sort of investment or financial professional giving any sort of legal advice. I’m just some guy trying to teach other people about how they might navigate the financial world.