During tax season, cryptocurrency tax software can help you save hours of time and work.
Our team of specialists spent time reviewing the market’s best crypto tax software options. In this tutorial, we’ll go over the seven finest platforms for reporting crypto taxes in minutes.
Quick look: Best crypto tax software platforms
The best crypto tax software tools on the market:
- CoinLedger
- ZenLedger
- Koinly
- TokenTax
- CoinTracker
- TaxBit
- Bitcoin.Tax
CoinLedger
More than 400,000 investors use CoinLedger, the top-rated cryptocurrency tax and portfolio tracking software, globally.
CoinLedger is made to be simple to use, even if you aren’t an expert in technology or finance.
While manually filing your cryptocurrency taxes might be time- and labor-intensive, CoinLedger is made to make the process easier. You may report your taxes quickly using the platform’s interfaces with hundreds of exchanges and blockchains.
What’s cool about CoinLedger: CoinLedger is easy to use — importing your wallets and transactions just takes minutes! That’s part of the reason why the platform is rated 4.8 stars with more than 600 reviews on Trustpilot!
Pros:
DeFi, NFT, and exchange support: Whether it’s exchanges like Coinbase, Gemini, and Kraken, or blockchains like Ethereum, Avalanche, and Solana, customers at all pricing tiers can import their transactions into CoinLedger.
Tax-loss harvesting: CoinLedger’s Tax-Loss Harvesting report allows you to see the biggest tax saving opportunities in your portfolio!
Customer support: Unlike other crypto tax platforms, CoinLedger has customer support available for all customers via email and live chat.
Data Reconciliation: If you’ve used other crypto tax software products before, you know that accounting for all of your data across wallets and exchanges can be challenging. CoinLedger simplifies this process by auto-matching your on-chain transactions as well as with custom reconciliation features including the Missing Cost Basis Troubleshooting flow.
Expert Review: Not confident filing your crypto taxes on your own? Get a CoinLedger expert to take a look at your return and identify issues with your taxes before you file!
Tax software support: You can import your crypto tax report into platforms like TurboTax, TaxAct, H&R Block, and Taxslayer.
International support: CoinLedger serves countries around the world — including the U.S., Canada, Australia, and Japan!
Cons:
Does not accept cryptocurrency as payment: At this time, CoinLedger does not accept cryptocurrencies like Bitcoin and Ethereum as payment.
ZenLedger
ZenLedger was founded in 2017. Today, ZenLedger serves more than 50,000 users in the United States.
What’s cool about ZenLedger: ZenLedger offers integrations with hardware wallets like Trezor!
Pros:
DeFi, staking, and NFT support: ZenLedger offers DeFi, staking, and NFT support for users in their top three pricing plans.
TurboTax support: ZenLedger allows users to import their crypto tax reports into TurboTax.
Tax-loss harvesting: ZenLedger provides users with a tax-loss harvesting report.
Cons:
Paid support : If you require two hours or more of customer support, users will need to pay for ZenLedger’s Premium Plan — which costs $999.
Difficult to use: Users have criticized ZenLedger for having a difficult and complicated user experience.
Koinly
Koinly is a crypto tracking & tax reporting platform founded in 2018. The platform is available in more than 20 countries.
What’s cool about Koinly: Koinly gives users an income overview so they can see all the cryptocurrency they’ve earned from DeFi, staking, and mining.
Pros:
DeFi, NFT, and margin trading: Koinly allows users to import DeFi, NFT, and margin trading transactions.
International support: Koinly supports many countries — including the United States, Australia, and Japan.
API and blockchain imports: Koinly supports automatic imports from hundreds of exchanges and blockchains.
Cons:
Lacking Help Center: Compared to other platforms, Koinly’s Help Center is lacking in resources needed to help guide users through the process of tax reporting.
Transaction limit: Koinly has a transaction limit of 100,000 transactions per year. If you’re a high frequency trader, the platform may not be right for you.
TokenTax
TokenTax is a crypto tax software and full-service accounting firm. The platform also offers enterprise plans for crypto businesses and high net worth individuals.
What’s cool about TokenTax: TokenTax has an in-house accounting team. Customers who pay premium prices can get professional help reporting their taxes!
Pros:
Hands off tax reporting: For $4,499, a TokenTax accounting expert will file your taxes for you from start-to-finish.
Support: TokenTax offers customer support at every pricing tier.
DeFi and NFTs: TokenTax offers support for DeFi and NFTs for users in its Premium pricing plan.
Cons:
Affordability: TokenTax is more expensive than other crypto tax platforms. If you have to import transactions from multiple exchanges and blockchains, you’ll pay at least $199.
Product issues: Some users have complained that TokenTax focuses more on its in-house accountant offering rather than its crypto tax platform.
CoinTracker
CoinTracker was founded in 2017 by Chandan Lodha and Jon Lerner. Today, it’s one of the most popular crypto tax reporting and portfolio tracking platforms on the market.
Cool feature: CoinTracker supports more than 10,000 cryptocurrencies!
Pros:
Portfolio tracker: CoinTracker’s portfolio tracker allows you to keep track of your gains, losses, and income throughout the year.
Forum support: While CoinTracker doesn’t offer chat support, the platform does have a forum where customers can ask questions about the product.
Tax-loss harvesting: CoinTracker shows users all of their tax-loss harvesting opportunities.
Cons:
Limited customer support: CoinTracker offers email support only for customers who pay for their Hobbyist and Premium plans.
Affordability: CoinTracker’s pricing scales up based on how many transactions you have. Customers with a large amount of transactions can pay up to $2,999 for a tax report.
TaxBit
TaxBit is one of the most well-known crypto tax platforms in the United States. The platform was launched in 2018 and now serves individuals, enterprises, and governments.
What’s cool about TaxBit: TaxBit works with government agencies around the world for data analysis purposes!
Pros:
Integrations: TaxBit offers integrations with more than 500 exchanges!
NFT and DeFi support: TaxBit offers limited support for NFT and DeFi transactions.
TurboTax support: TaxBit tax reports can be imported into tax platforms like TurboTax!
Cons:
Lack of international support: TaxBit is built for U.S. users only.
Lack of data mutability: Users have complained that it’s difficult to manually add transactions and make changes to transaction data on TaxBit.
Lack of support: While TaxBit has a free plan, chat support is only available for paying customers.
Bitcoin.Tax
Originally founded in 2013, Bitcoin.Tax is one of the oldest players in the crypto tax reporting space.
What’s cool about Bitcoin.Tax: Bitcoin.Tax offers a free plan for customers who have less than 20 transactions for the year.
Pros:
Expert consultation: Bitcoin.Tax offers the option to schedule a consultation with Gordon Law Group, a tax preparation firm.
Integrations: Bitcoin.Tax integrates with dozens of exchanges and the Ethereum blockchain.
Cons:
No chat support: Bitcoin.Tax offers email support only. Chat support is not available.
No tax-loss harvesting: Bitcoin.Tax does not offer a tax-loss harvesting feature.
Limited blockchain support: At this time, Bitcoin.Tax only offers support for the Ethereum blockchain.
No refund: Unlike other crypto tax platforms, Bitcoin.Tax does not have an explicit refund policy.