13 Best Crypto Tax Software to Make Calculations Easy and Stay Compliant

These best crypto tax software eliminate post-trade headaches by calculating your crypto tax liability in just a few clicks.

Cryptocurrency is one of the most popular means of transaction at the moment. Check this:

Bitcoin has risen over 4000% in the past five years. During the same period, Ether increased by a massive 25000%.

Crucially, cryptocurrencies are riding a wave that investors cannot afford to miss.

But when you talk about crypto taxes, people start scratching their heads

Some believe that cryptocurrency profits are not taxed because cryptocurrencies are not yet legal in their country.

Well, they may be completely wrong.

This is true even if governments have not yet legalized cryptocurrencies, as almost all instances of buying, selling, or exchanging cryptocurrencies are subject to tax.

You may avoid virtual currency taxes if your country includes virtual currency in tax-free income categories.

Therefore, while we see huge profits (and losses) in cryptocurrencies, it is important to pay taxes accordingly and comply with tax laws.

But we’re not all CPAs, so these top crypto tax software will come in handy. This gives you more time to focus on trading instead of wasting hours miscalculating your crypto taxes.

So, without further ado, let’s check out the best cryptocurrency tax software.

coin leisure

CoinLedger launched exclusively in the US. Finally, we added support for Australian users, allowing anyone whose country supports FIFO, HIFO, or LIFO reporting methods to use the platform.

CoinLedger has an easy-to-understand user interface and plenty of help to get started. It supports many platforms such as Binance, Coinbase, and Exodus.

We have detailed guides for importing transactions from each platform. Some cryptocurrency trading platforms also have an auto-import feature.

You can also invite an income tax professional to review the report and download it from your dashboard.

CoinLedger allows you to preview reports and import data for free. Additionally, you can add unlimited exchanges and sync your DeFi transactions.

Subscription plans are based on the number of transactions during a fiscal year.

attendant

You can use Accointing to calculate your crypto taxes and track your assets. The free tier also allows you to calculate cryptocurrency taxes on up to 25 transactions.

Like the other tools on this list, you can use this tool if your country supports FIFO, LIFO, and HIFO reporting methods.

Accointing allows you to integrate with numerous exchanges and wallets using API keys. Additionally, you can do a CSV upload or enter each transaction manually.

It also features a transaction tax optimizer that lists transactions to minimize crypto taxes. Acointing crypto tracker also gives you a central location to monitor your crypto portfolio.

Finally, in addition to a web interface, Acointing also has applications for Android and iOS platforms.

coin panda

If you want to get started without paying a dime, Coinpanda should be your go-to crypto transaction tax solution. Its free option is feature-packed and only lacks a few features reserved for the top-tier subscription.

You can earn crypto income from a variety of options including mining, staking, forking, airdrops, gifts, and donations.

Users with tax systems that allow FIFO, LIFO, ACB, shared pools, etc. can use this crypto tax calculation software.

Coinpanda supports over 7000 cryptocurrencies. You can import data from a myriad of exchange platforms using the regular API syn and CSV.

However, the free plan only allows 25 transactions, but that’s okay keeping in mind the features you get.

Finally, this top crypto tax software allows you to add as many exchanges as you like.

token tax

TokenTax is a similar crypto accounting utility that supports FIFO, HIFO, and LIFO reporting methods.

The Basic plan only supports Coinbase and Coinbase Pro accounts. And to use multiple exchanges you will have to upgrade to a higher level.

Plus, you can’t do anything without signing up for a subscription.

That said, the interface is intuitive. You can integrate many exchanges using API keys. Additionally, TokenTax allows manual entry/CSV upload of transaction data.

You can subscribe depending on the number of trades, exchange support, and several other features.

coin tracker

CoinTracker is one of the best cryptocurrency tax software because it comes with a free tier for beginners. You can use it for up to 25 transactions without paying anything.

But it’s not just cryptocurrency accounting. Additionally, the platform tracks your portfolio’s performance and helps you manage it to maximize your portfolio.

We currently support over 300 exchanges and over 8000 cryptocurrencies.

You can also add popular exchanges using API keys. Additionally, you can preview the tax implications by CSV upload or by manually uploading your entries.

Similar to CyrptoTrader, CoinTracker allows you to share your reports with tax professionals. Subscription plans are transaction-based, and higher-level plans also come with DeFi support.

Coin Lee

Koinly has a very generous free subscription that allows up to 10,000 transactions with many additional features. Our tax accountants support common methods such as FIFO, LIFO, and average cost basis.

Supports data import (API and CSV) from 350+ exchanges, 50+ wallets, and 15 blockchains.

Koinly supports over 17000 cryptocurrencies and allows you to track all your crypto holdings in one place.

You can report missing transactions and remove duplicate entries. All Koinly plans (including the free plan) are compatible with DeFi, margin, and futures trading.

tax bit

TaxBit integrates with over 500 cryptocurrency exchanges, wallets, and DeFi platforms. This crypto is natively supported for US taxpayers only. However, the platform states that anyone with a similar tax regime can use it.

TaxBit has a forever free plan that allows unlimited trading for individual customers. You can also integrate various related services and see them all in one dashboard.

TaxBit’s Tax Optimizer allows you to recognize capital gains and losses before trading.

In particular, some features such as tax optimization, loss recovery, and IRS audit support are reserved for higher tiers.

bitcoin tax

BitcoinTaxes allows you to calculate cryptocurrency taxes using FIFO and certain identification accounting methods.

You can import trades from popular crypto exchange platforms such as Binance, Coinbase, Exodus, and Kraken.

BitcoinTaxes also gives you the option to manually upload transaction entries.

One good thing about this tool is that the free tier has the same features as the top subscription plan. The only limit is the number of transactions (up to 20) for the free forever plan.

You can also ask a cryptocurrency tax expert to help you prepare your tax return. Additionally, it offers services such as CSV file conversion, results analysis, and custom report creation.

zen leisure

ZenLedger is a top cryptocurrency tax software with extensive support for numerous exchanges via API keys and CVS uploads.

Compatible with HIFO, LIFO, and FIFO reporting methods. ZenLedger allows you to use unlimited exchange platforms. Additionally, you can report a variety of crypto income including DeFi, NFTs, staking, donations, mining, and more.

ZenLedger has two categories of subscriptions: DIY and Tax Professional Assistance.

Needless to say, the former is more economical with a free tier that allows up to 25 transactions. And even this free plan has all the attributes of a paid subscription, except for DeFi and NFT support.

The latter category also comes with a significantly cheaper consultation-only option. You can also go for it and go ahead with the DIY plan as an economical alternative.

tax.crypto

The best thing about Tax.Crypto is that there are no paid subscriptions. It’s completely free. This utility natively supports Germany, UK, US, Canada, and Australia.

You can add wallets and API keys to sync transactions.

Currently, only popular exchanges in the jurisdictions listed above have API sync. However, you always have the option to prepare and upload a CSV to calculate your cryptocurrency taxes.

Virtual currency tax calculation tool

Crypto Tax Calculator is a premium crypto tax accountant utility. The feature list is quite long and varies depending on your subscription.

We have an exhaustive list of supported exchanges. Foreign investors can also use this software, but it would be wise to check how they will file their taxes beforehand.

This tool does not have a free tier. Instead, it comes with a 30-day free trial. The trial version allows you to import data, calculate taxes, and review transactions.

However, to create fiscal year reports, you must subscribe to a paid tier. Yes, data upload by API key and CVS upload are supported.

encryption

You can see that Cryptio is very similar to the previously mentioned options. First, there is a free trial that makes up for the lack of a free tier. And secondly, it has a wealth of subscription-based features.

However, this option is targeted at tax accountant corporations. The registration form will be populated with your current company and designation details.

If you are a crypto-native company working on DeFi solutions, blockchain gaming, metaverse, etc., Cryptio can help.

You can sign up for a full 14-day trial to see if it fits your bill.

crypto tax

Blockpit’s CryptoTax helps you comply with tax laws in the United States, France, Spain, Germany, Austria, and Switzerland.

It supports the most popular exchanges such as Binance, Coinbase, and Kraken.

API and CSV import functionality is available. You can import an unlimited number of transactions, but the free tier limits tax reporting to a maximum of 25 transactions.

This cryptocurrency tax software comes with automatic transaction classification and error checking. Additionally, you can track your crypto taxes from a wide range of sources.

conclusion

Taxes are a necessary evil and cannot be avoided.

In particular, the features listed under Tools are not all-inclusive. Therefore, we recommend that you check the details before signing up for any crypto tax software.

I want more! Check out our extensive list of measures to protect your cryptocurrencies.