In this article, we will explore the Best Crypto Tax Software on the market for crypto investors. First, we will begin by looking at what is crypto tax software and what factors you should be looking at when finding the best crypto tax software for your needs. We also provide a full-scale comparison of the best options available on the market.
Earning 5-10x on your favourite cryptocurrency feels great, right? But if you want to keep your money, you must pay taxes where you reside. This won’t be limited to your cryptocurrency assets but also any gains from NFTs and DeFi. Even for the experienced investor, crypto tax accounting can be daunting and overwhelming!
So, let’s jump in and see what the best Crypto Tax Software is available for you to file your next tax return and hopefully help you keep some of that hard-earned money. Let’s get taxed!
8 Best Crypto Tax Software in 2023
We have put together the 8 best crypto tax software we believe you should consider when filing your next crypto tax return! If you choose the right crypto tax software for your situation, you can quickly and easily file your crypto taxes in under an hour.
This guide will discuss tax software pricing, API Integrations, available tax reports, safety, and their compatibility with tax filing platforms.
- Accointing – Best Crypto Tax Software for Newbies!
- CoinTracker – Best for NFTs & DeFi Traders
- Coin Ledger – Best for Active Traders
- CoinTracking – Best for Mobile Users
- Koinly – Best for Altcoin Traders
- Token Tax – Best for Crypto Trading Businesses
- TaxBit – Best for Users in the US
- ZenLedger – Best for Security
Accointing software is user-friendly and can be used by crypto beginners to manage their crypto taxes and portfolio in one place. Accointing will automatically calculate your taxes, and their intuitive dashboard can be personalized with simple but insightful graphical data.
If you’re a beginner, you may not know the different tax strategies available to you. Accointing will guide you in executing tax strategies through the Holding Period Assistant dashboard. Moreover, guided processes are available for each exchange that you want to add, plus they even support NFT integration. Read the Accointing blog to know more about crypto taxes.
Accointing supports tax reports for the US, Germany, Switzerland, UK, Australia, and India, so if you live in another country and do not use the FIFO or LIFO tax methods, this might not be the best software for you. Although they do offer some generic reports for all countries as well.
Accointing.com Trustpilot Rating: Accointing currently has a TrustPilot rating of 4.2 out of 5, with 72 reviews.
Does Accointing have a Mobile App? Yes, Accounting.com has a mobile app that is available to download on the Apple app store and Google Play.
Accointing.com is a Switzerland-based crypto account software by Glassnodeand. They protect their customer data against any legal queries, and all customer data is read-only and encrypted. Also, their security system is routinely checked for OWASP Top-10, which are the most common security risks for web applications.
Accointing has a free version for up to 25 transactions with downloadable reports and a crypto tracker.
Accounting offers customers a 30-day money-back guarantee, so if you’re unhappy, you can request a refund. For more information about their pricing plans, check out their website.
|Plan||Price per Year||Number of Transaction|
For a full comparison of all the features offered, visit Accointing Pricing.
Verdict: Should you use Accointing?
With over 400+ exchange integrations and numerous wallet options, Accointing is a trusted platform for the crypto newbie. They won the Benzinga Global Fintech Awards in 2021 and were awarded Top Performer by Source Forge in 2022.
Their customer support is great, and if you live in a country that uses FIFO or LIFO, this might be the best option for you.
We now know that crypto tax software is great, but most of us will need an accountant to check our tax reports before we file them with the tax authorities. With CoinTracker, you can share all your tax reports directly with your accountant so that they can review them before filing.
Founded by Jon Lerner and Chandan Lodha in 2016 and used by 1 million users, CoinTracker.io provides full support in the US, UK, Canada, Australia and India; and partial support in other countries. Moreover, CoinTracker also has integrations with popular NFT and DeFi platforms like OpenSea, Compound and Uniswap.
Using the software, you can pull data of 10,000+ cryptocurrencies from more than 300 exchanges. If you want to check whether your desired exchange/wallet is supported, check their Integrations page. If the crypto platform is unavailable on CoinTracker, you can pull your data using your crypto wallet’s public address. This is far better than uploading CSV files of your crypto transaction history.
CoinTracker also offers support for TurboTax, and the best part is you also have the option to automate your tax reports. The CoinTracker Blog regularly publishes advice on crypto taxes and even publishes detailed guides for filing taxes in support countries.
CoinTraker.io Trustpilot Rating: CoinTracker currently has a TrustPilot rating of 3.1 out of 5, with 204 reviews.
Does CoinTraker have a Mobile App? CoinTracker has a mobile app available to download on the Apple app store and Google Play.
Your coins are 100% safe with CoinTracker, as they will only obtain read-only access to the connected platforms. All API keys obtained are encrypted, and if you want, you can turn on 2-Factor Authentication in the Account Settings. Read all their security procedures!
For beginner traders and crypto holders, CoinTracker offers a free account with up to 25 transactions. This is a great free option if you have minimal transactions. However, transactions can quickly add up, and you may soon find yourself on the CoinTracker paid plan!
CoinTracker offers customers a 30-day money-back guarantee, so if you’re unhappy, you can request a refund. For more information about their pricing plans, check out their website.
|Plan||Price per Year||Number of Transaction||Support|
|Hobbyist||$59 per year||100|
|Premium||$199 per year||1,000||Priority|
If you have more than 1,000 transactions, you can check CoinTracker Pricing here, which varies according to your country!
Verdict: Should you use CoinTracker?
If you dabble in NFTs and DeFi, CoinTracker.io could be a one-stop solution for you. With CoinTracker, you can consolidate all your transactions in one place!
They have a free version which might suit hodlers or beginner traders who do not want to spend too much on their tax obligations. Unlike Koinly, they have a mobile app that can be used to stay on top of your crypto portfolio.
3. Coin Ledger
Coin Ledger was founded in 2018 by three passionate founders who wanted to automate crypto taxes for users. With more than 300,000 users and 70 billion dollars in transactions processed, CoinLedger is one of the kingpin crypto tax software on the market.
Coin Ledger has integrations with most of the major platforms like Coinbase, Gemini and even OpenSea. Coin Ledger also has Integrations with most crypto wallets and with 4 different tax preparation platforms like TaxAct, TurboTax, TaxSlayer, and H&R Block. You can also pull your data from a public blockchain address or upload a CSV file.
One great feature of Coin Ledger is that you can hire a certified crypto tax accountant directly from their website directory. Once your tax professional has created their free Tax Pro account, they can view and download your tax reports.
CoinLedger.io Trustpilot Rating: Coin Ledger currently has a TrustPilot rating of 4.8 out of 5, with 590 reviews.
Does Coin Ledger have a Mobile App? Coin Ledger doesn’t currently have a mobile app to download on the Apple app store or Google Play.
FUN FACT: Coin Ledger was originally named CryptoTrader.Tax.
Coin Ledger Safety:
Yes, Coin Ledger is a safe tool. Like other crypto tax software, it requests read-only access to your financial and personal details. All data is encrypted in transit, meaning there are zero chances of theft or unauthorized access.
Coin Ledger Pricing:
With Coin Ledger, you can view your capital gains/losses for free. You only need to pay when you want to download and view tax reports.
Coin Ledger offers customers a 14-day money-back guarantee, so if you’re unhappy, you can request a refund. For more information about their pricing plans, check out their website.
|Plan||Price per Year||Number of Transaction|
For a complete comparison of all the features offered, visit Coin Ledger Pricing.
Verdict: Should you use Coin Ledger?
Coin Ledger has all the features of a great crypto tax software, and if you have a high volume of transactions, this is the most budget-friendly option for you. However, they do not accept crypto payments, which is quite strange for a crypto tax software. Secondly, you might face problems importing transaction data from some crypto wallets and might have to upload a PDF.
Founded in 2013, CoinTracking is a German based company that has an active user base of 1,253,000. However, few know that CoinTracking was the first software to ever offer crypto portfolio tracking and tax reporting.
CoinTracking is supported in more than 100 countries with the option of multiple languages and active customer support that strives to keep the customers happy. With the software, you can track over 20,000 cryptocurrencies across 70 exchanges.
One of the unique features of CoinTracking is that you can use their crypto tax consultant database of 75 countries. Provided free of cost, you can read the tax laws of your country of residence and hire a tax specialist. You can find more than 25 different crypto tax reports on their platform and play around with different accounting methods.
CoinTracking.info Trustpilot Rating: CoinTracking currently has a TrustPilot rating of 3.1 out of 5, with 6 reviews.
Does CoinTraking have a Mobile App? Yes, CoinTracking has a mobile app that is available to download on the Apple app store and Google Play.
CoinTracking can see activity on all your connected accounts and does not store any information. You can enable 2-factor authentication from your dashboard, and they have created secure import processes for exchanges like Gate.io that do not offer read-only API keys. In terms of security, all bases are covered!
With a free plan of up to 200 transactions, CoinTracking can be a great option for traders on a budget. Moreover, when you sign up for one of their premium packages, you can avail discounts on Binance.US, Gemini, Crypto.com and other exchanges. Choose the best package according to your needs:
|Plan||Price per Year||Number of Transaction|
For a full comparison of all features, visit CoinTracking Pricing.
Verdict: Should you use CoinTracking?
Most exchanges offer a free plan, but only for 25-50 transactions. With CoinTracking, you can file your taxes for up to 200 transactions for zero charges. CoinTracking is also great for mobile users, with applications available for both iOS and Android users.
With extensive API tracking across 70 different exchanges, CoinTracking is one of the best crypto tax software options available on the market.
Koinly crypto tax software was founded by Robin Singh in 2018, with its headquarters in Silicon Valley. Koinly.io will help you file your taxes in less than 20 minutes. More than 110,000 tax reports have been filed using this software, and it is completely free to start!
With Koinly, you can file your taxes in 20+ countries, and even if your country is not supported, you can still use the platform if it uses any of the cost-basis methods. If you don’t know, the cost basis is the method used to calculate capital gains/losses for your crypto taxes.
What is particularly attractive is that Koinly supports most altcoins. Koinly supports 17,000+ tokens listed on Coin Market Cap and keeps adding more tokens. The software also supports over 100 wallets, 400 crypto exchanges, including Binance, Coinbase and Crypto.com and services such as Nexo and Compound. All you need to do is integrate your crypto exchange or wallet with Koinly, and all transactions will be automatically updated inside the software dashboard.
With Koinly, you can generate detailed reports for futures, options, crypto staking, lending, and mining and export them to TurboTax and H&R tax preparation platforms.
Koinly.io Trustpilot Rating: Koinly currently has a Trustpilot rating of 4.7 out of 5 with 855 reviews.
Does Koinly have a Mobile App? Koinly doesn’t currently have a mobile app to download on the Apple app store or Google Play.
Koinly hosts most of its facilities on AWS and does not collect any personal details like transaction data or card details. This means Koinly cannot share your data with tax authorities. To start using Koinly, you only need an email address to sign up!
Koinly offers a free lifetime trial for viewing up to 10,000 transactions. However, if you want to download any tax reports (like Form 8949), you will need to purchase one of their paid plans, depending on your annual transaction count. You can pay using crypto (BTC, ETH, DAI, USDC) or your credit/debit card.
|Plan||Price per Year||Number of Transaction|
All Plans Include Downloadable Tax Reports
Verdict: Should you use Koinly?
Koinly is a trusted and feasible option for traders that want to keep things simple and hassle-free. You will need to connect your crypto trading platforms and wallets, and Koinly will take care of the rest!
If you dabble too much into altcoins, then Koinly offers support for an extensive range of altcoins. The only thing that goes against Koinly is they do not have a mobile application.
Overall, Koinly is one of the best crypto tax software available on the market.