In this complete guide, I’m going to show you the best crypto tax software of 2023.
With 100’s of crypto tax platforms and apps available today, picking the perfect software might seem like a hassle.
Most crypto investors and traders ignore the process of carefully selecting the right crypto software that can handle their tax processes, only to regret it later.
Koinly, TokenTax, CoinLedger, and Accointing are very popular crypto tax software providers. Keep reading to find out more tax software tools with easy-to-use features.
In this guide, you’ll discover:
- What the best crypto tax software solutions are
- What a crypto tax software really is
- What to consider when picking a crypto tax software
- The benefits of using a crypto tax software instead of spreadsheets
- Frequently asked questions
- And lots more…
So if you’re ready to automate your crypto tax calculations and track all your cryptocurrencies from one place, this guide is for you.
Let’s dive right in.
What Are The Best Crypto Tax Software?
Here are my top picks for the best crypto tax software for 2023:
- Koinly
- TokenTax
- Coinpanda
- CoinLedger (formerly CryptoTrader)
- CoinTracker
- Accointing
- TaxBit
- BitcoinTaxes
- BearTax
- ZenLedger
- Crypto.com Tax
- Crypto Tax Calculator
- Cryptio.co
- Blockpit Cryptotax
Alright, let’s dive right in. Here’s a breakdown of the 14 best crypto tax software of 2023:
1. Koinly
Best overall crypto tax software
Koinly simplifies crypto tracking and also offers tax reporting and filing tools.
The free version of Koinly is capable of calculating taxes on up to 10,000 total transactions. A transaction is any deposit, withdrawal, or trade.
With Koinly, split crypto transactions are automatically merged.
Koinly supports Binance, Kraken, Coinbase, Nexo, Celsius, and 300+ exchanges and wallets.
Users can choose between a free or a paid plan, and the free version allows users to generate all of their tax reports.
Key Features
- A complete crypto tax solution
- Import your trades from 300+ exchanges and wallets
- Preview and analyze your capital gains
- Download your tax document
- It’s operational in 20+ countries
Pros
- Access your crypto tax reports in 20 minutes
- It integrates with a lot of cryptocurrencies and exchanges
- Easily track performance on the go with the free version of the app
- Multiple tiers are available with varying costs
- It works in 20+ different tax jurisdictions
Cons
- Frequent crypto traders might pay higher to use the app
- Koinly is quite expensive compared to some crypto tax software
- It’s impossible to pay for services with cryptocurrency
Koinly Pricing
- FREE ($0.00/forever): 10,000 transactions, Portfolio tracking, Wallets & exchange accounts, etc.
- NEWBIE ($49.00/tax year): All the features in the free plan, plus Defi, Margin trades, etc.
- HODLER ($99/tax year): 1,000 transactions, unlimited wallets and exchange accounts, etc.
- TRADER ($179/tax year): 3,000 transactions, plus unlimited feature usage
Koinly simplifies crypto tracking and also offers tax reporting and filing tools.
2. TokenTax
Best crypto tax software for beginners
TokenTax is a powerful crypto tax software, with helpful portfolio tracking tools.
While it’s not a full-featured crypto portfolio tracker, the tax reporting features make it worth considering.
TokenTax supports all major exchanges and countries.
You’ll find it easy to get started. You can even sign up for a free trial to see how it works.
This crypto tax software was developed with tax reporting in mind, which many crypto investors find beneficial.
Key Features
- File your tax return
- Track trading activity
- Connect to any crypto exchanges
- Tax-loss harvesting
- International taxes
Pros
- It provides the easiest tools to file our crypto tax returns
- It integrates with every crypto exchange and wallet you can think of
- TokenTax offers excellent customer support via live chat, phone number, Telegram channel, and email.
- There’s an experienced team waiting to solve all your tax-related issues.
- Enjoy full support guidance during IRS audit
Cons
- The pricing is always changing (and increasing) (started at $19/year, now at $65/year).
- Trade data retrieval is quite costly (starting at $1,999) compared to some platforms
TokenTax Pricing
- Basic ($65/tax year): Get your tax liability calculated for major exchanges: Coinbase and Coinbase Pro.
- Premium ($199/tax year): A plan for crypto investors that use multiple exchanges and wallets. Up to 5,000 transactions.
- Pro ($799/tax year): Get extra features to facilitate margin trading, up to 20,000 transactions.
- VIP ($3,500/tax year): A complete crypto reconciliation, accounting support, and advanced tax support, with up to 30,000 transactions.
TokenTax is a powerful crypto tax software, with helpful portfolio tracking tools.
3. Coinpanda
A better tax solution for cryptocurrencies
Coinpanda lets you file your crypto taxes especially if you invest in a wide array of crypto assets.
It can generate reports and forms in less than 20 minutes and supports over 65 countries.
It supports imports from major exchanges, such as Bitfinex and Kraken. Its free version allows you to perform 25 transactions.
Coinpanda is a great choice if you’re a frequent trader or investor in cryptocurrencies.
It can process your transactions in less than 20 minutes and has easy-to-use dashboards and toolbars.
Key Features
- A user-friendly interface
- Manage portfolios and generate crypto tax reports
- Automatically send reports to local tax professionals
- DeFi and NFTs supported
Pros
- Easily file your crypto tax in under 20 minutes
- Reduce your taxes (for the next tax year) with helpful insights
- Connect with 350+ exchanges and wallets
- It’s operational in 65+ countries of the world
Cons
- It’s a bit hard to import Bitcoin into the system
- There are transaction limits imposed on different payment plans
Coinpanda Pricing
- Free ($0/free forever): 25 transactions, unlimited exchanges, all tax reports, and other basic features.
- Hodler ($49/tax year): 100 transactions, Error reconciliation, Margin trading, etc.
- Trader ($99/tax year): All the features in Hodler, plus NFTs & DeFi, Email support, Live chat support, and all tax reports.
- Pro ($189/tax year): 3,000 total transactions, unlimited exchanges, custom imports, and all the features the software offer.
Coinpanda is a cryptocurrency tax calculator built to simplify and automate the process of calculating your taxes and filing your tax reports. Special Offer: $15 discount on all plans.
4. CoinLedger (formerly CryptoTrader)
Best cryptocurrency tax software to save time
CoinLedger is an all-in-one crypto tax software and portfolio tracker for investors.
As a crypto trader, this software will save you time, money, and give you market insights.
The software comes with various features and supports all popular cryptocurrencies, including Ethereum, bitcoin, and Litecoin.
There are professional tax experts who provide a lot of help, which is to your advantage if you’re a professional trader.
Key Features
- An easy-to-use crypto tax tool
- Free Report Preview
- International Support
- Official TurboTax Partner
Pros
- Track and calculate your cryptocurrency taxes with ease
- Quickly import and process your historical transactions from exchanges
- Export, download, and use the completed tax forms
- Its easy to generate your income reports in any currency of your choice
Cons
- A learning curve is required to master the software
- No popular tax software is supported, except Turbotax
CoinLedger Pricing
- Hobbyist ($49): This plan allows 100 trades, and comes with a 14-day money-back guarantee.
- Day Trader ($99): It allows up to 1,500 trades, and much more.
- High Volume ($199): 5,000 trades, and every feature in the Day Trader plan.
- Unlimited ($299): Unlimited trades, and all the features that software has to offer.
Note: All reports are a one-time purchase per tax season.
CoinLedger (formerly CryptoTrader) lets you simplify the entire process of cryptocurrency tax. It’s built to save you time, money, and maximize your refunds.
5. CoinTracker
A better platform to track your crypto portfolio and taxes
CoinTracker is a crypto tax automation software.
It also offers a cryptocurrency portfolio tracker to help you keep track of all your investments.
With the CoinTracker crypto portfolio tracker, you can sync your data across all of your devices. It supports 300+ exchanges and well over 8,000 cryptocurrencies.
CoinTracker also lets you track your portfolio and analyze your gains and losses. This software supports more than 8,000 cryptocurrencies and 300 exchanges.
It’s possible to manually upload transactions, and you can see how much each transaction is worth in tax terms right away.
Key Features
- Downloadable easy-to-read tax reports
- Automated crypto portfolio tracking
- Connect to 8,000+ cryptocurrencies and 300+ exchanges
- Track your portfolio on the go with iOS and Android mobile apps
Pros
- You can generate tax reports using 12 unique methods
- Easily download and fill out IRS form 8949
- Track all your crypto investments from one place
- The mobile app is easy to use
Cons
- No margin trading is permitted
- There’s no option for derivatives, swaps, and futures
CoinTracker Pricing
- Free ($0.00/tax year): For beginners, 25 transactions, forum support, and some basic features.
- Hobbyist ($59/tax year): 100 transactions, cost basis & capital gains, plus all the features in the free plan.
- Premium ($199/tax year): All the features in Hobbyist, plus Error reconciliation, Margin trading, etc.
- Unlimited: This is priced individually. It allows unlimited transactions, tax summary by wallet, concierge support, and all the features and tools that app offers.
CoinTracker automates Bitcoin taxes, crypto portfolio tracking, and gives real-time crypto prices.
6. Accointing
A better platform to track your crypto portfolio and taxes
Accointing is a platform that lets you track your portfolio and file your crypto taxes with ease.
It supports Bitcoin, Ethereum, Polygon, Arbitrum, Avalanche, Solana, and other popular cryptocurrencies.
The Accointing Crypto Tax Software is one of the most convenient tools available for people who trade cryptocurrencies and need to file their taxes.
It integrates with 300+ popular platforms including Binance, Coinbase, Bittrex, Crypto.com, giving you the chance to view all of your transactions in real-time.
This is a great tool for new investors, who may not have a lot of experience with the industry.
If you plan to process 25 transactions each year, then you can use the free plan.
Key Features
- Crypto Tax Calculator
- Trading tax optimizer
- Crypto portfolio tracking tools
- Import your crypto transactions from 300+ platforms
- Review crypto insights
Pros
- A beginner-friendly user interface with clean navigation
- Get the desktop and/or mobile version to access your tax reports
- Download & print your crypto performance reports
- Connect with up to 300 exchanges & wallets
Cons
- It’s costly in comparison with some crypto tax solutions
- Beginners to crypto tax tools might be overwhelmed by the high-end features
Accointing Pricing
- Free Plan: Up to 25 transactions to get you started.
- Hobbyist ($79/tax year): 500 total transactions, tax-loss harvesting tool, crypto tracker app, etc.
- Trader ($199/tax year): 5,000 total transactions, track your whole portfolio, plus all the features in Hobbyist.
- Pro ($299/tax year): 50,000 transactions, portfolio tracking dashboard, plus all the features in Trader.
Accointing is a platform that lets you track your portfolio and file your crypto taxes with ease.
7. TaxBit
Best crypto tax software for individuals and enterprises
TaxBit is a unified platform for handling crypto tax and accounting.
If you are a cryptocurrency investor or even just a user, you will benefit from TaxBit’s yearly tax reporting feature.
TaxBit is ideal for individuals, enterprise tax and accounting, and also for the government.
The software works with your entire cryptocurrency transaction history and generates IRS-friendly tax forms.
You will be able to see the taxable gain and loss of each transaction in real-time, and you’ll be notified of any refunds.
TaxBit integrates with 500+ exchanges, wallets, DeFi protocols, and NFT marketplaces for free.
Key Features
- End-to-End tax reporting for crypto traders
- Enterprise tax processing
- IRS audit trail management
- Seamless integration with native platforms
- Smart tax and spending tools
Pros
- A clean user interface for beginners to crypto tax reports
- Connect with all major exchanges and wallets
- It makes tax-filing easier for every crypto holder
- TaxBit is secure via independently SOC 2 certified
- It’s a trusted crypto tax software, used by the regulatory agencies
Cons
- The CSV file parsing could be improved
- Auto-Sync and Reporting functionality are limited
TaxBit Pricing
- FREE ($0.00/tax year): Get the basic features to manage your crypto tax reporting
- BASIC ($50/tax year): For expert crypto investors and traders who want more features
- PLUS ($175/tax year): Get started with all the extra add-ons, including crypto portfolio tracking
- PRO ($500/tax year): Everything in PLUS, including all the security features, Read-Only API Keys, and more.
TaxBit is a unified platform for handling crypto tax and accounting. TaxBit is ideal for individuals, enterprise tax and accounting, and also for the government.
8. BitcoinTaxes
Best Bitcoin tax software for entrepreneurs
