Mint, the free, web-based personal finance management service, just announced today that users can now link their Coinbase accounts to their Mint accounts. Mint’s product manager Vince Maniago stated,
“There are now 12 million Bitcoin in circulation and 60,000 merchants accepting it via Coinbase… We felt like it was something we couldn’t ignore anymore, and this is a good time to go out and support the currency as it becomes more legitimate.”
Here’s what the MintLife Blog had to say regarding today’s announcement:
“Mint.com now gives users a view [of] their digital Bitcoin transactions alongside their traditional financial accounts.”
“Mint is the only personal finance and money management tool that enables users to view their Bitcoin transactions.”
Mint users can keep tabs on how many Bitcoins they have, and to keep things simple, this amount is displayed in US Dollars. However, Mint isn’t really considering Bitcoin a legitimate currency, and instead the service is categorising Bitcoin as an investment like mutual funds and stocks.
This will surely disappoint some Bitcoin purists, but considering how volatile Bitcoin’s value is, it makes sense to consider it an asset.
“Bitcoin value can fluctuate so much, which is precisely why Mint is treating it like an investment.”
But anyway, let’s say you’ve got a Mint account and want to link it to Coinbase. How do you do it? It’s simple.
1. Log in to your account.
2. Go to the “Accounts” section and click “Add Account”
3. Search for “Coinbase”
4. Type in your Coinbase API Key (info about Coinbase API Keys here) and click “Add it”.
5. You’re done! Your Coinbase account will be available under “Investments” and you can track your Coinbase history over time.
Now you can easily manage all your money, including your Bitcoins.