TradeOgre

What is TradeOgre?

TradeOgre is a centralized crypto-to-crypto exchange founded in 2018, focused on altcoin trading. With support for 90+ coins and 200+ trading pairs—primarily against Bitcoin, USDT, and Litecoin—it offers fast, anonymous trading with no KYC process, a minimalist interface, and 0.2% trading fees :contentReference[oaicite:3]{index=3}.

TradeOgre provides a clean, efficient UI favored by privacy-conscious users. It enables quick limit and market orders and has optional two-factor authentication. However, the platform lacks fiat support and advanced security features, and transparency around ownership and liquidity has raised concerns in some communities :contentReference[oaicite:4]{index=4}.

Why Accounting Teams Use TradeOgre with Cryptoworth

• Cost Basis & Inventory Tracking: Trade history—comprising token pairs, volumes, prices, and timestamps—feeds directly into Cryptoworth to calculate weighted average cost and inventory value.
• Unrealized Gain/Loss & Impairment: Real-time market references sync with Cryptoworth to compute unrealized P&L and test for asset impairments under accounting standards.
• Reconciliation & Sanity Checks: Structured trade and withdrawal data enables ledger matching against on-chain movements—reducing errors at month-end close :contentReference[oaicite:5]{index=5}.
• NFT Valuation: TradeOgre’s support for altcoin NFTs allows valuation, cost basis, and ledger mapping directly within Cryptoworth.
• ERP Integration: Prebuilt adapters push TradeOgre transactions into QuickBooks, NetSuite, Sage, and Xero—streamlining journal entry and close processes.

Security & Operational Notes

• No-KYC Trading: Anonymity attracts privacy-focused users, but also means no customer verification—raising regulatory and counterparty concerns :contentReference[oaicite:6]{index=6}.
• Low Trading Fees: Flat 0.2% together with dynamic 0.00005 BTC withdrawal fees support cost-effective frequent trading :contentReference[oaicite:7]{index=7}.
• Volatility in Liquidity: Liquidity can vary, especially on altcoin pairs—occasionally causing slippage or withdrawal delays :contentReference[oaicite:8]{index=8}.
• Transparency Trade-offs: Minimal public information on corporate structure, with mixed user feedback on coin availability and wallet performance :contentReference[oaicite:9]{index=9}.

Frequently Asked Questions

1. Can Cryptoworth calculate cost basis using TradeOgre trades?

Yes. TradeOgre exports full trade history—including timestamps, token pairs, quantities, and price data—that feeds into Cryptoworth’s cost basis engine to calculate Weighted Average Cost (WAC) and generate ledger-ready journal entries. Try our Crypto Cost‑Basis Calculator.

2. How are unrealized gains and impairment values handled?

Cryptoworth imports real-time market data to assess unrealized P&L and perform asset impairments in line with GAAP or IFRS. This process uses pricing from TradeOgre alongside other sources for financial statement preparation.

3. How does reconciliation work with TradeOgre?

TradeOgre provides structured transaction metadata—including trade IDs, timestamps, and wallet hashes—that Cryptoworth matches with on-chain movements automatically, reducing reconciliation errors at month-end.

4. Does Cryptoworth support NFT valuation from TradeOgre?

Absolutely. NFT trades on TradeOgre are tokenized and imported as discrete asset classes in Cryptoworth, allowing cost basis tracking, valuation adjustments, and comprehensive ledger entries.