Best Crypto Tax Software 2024: Free & Cheap Services & Tools

Date:Tuesday, January 9, 2024
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This is the only article you will ever need to learn all about the best crypto tax software. We’ve got reviews, prices and pros and cons for 18 crypto tax and accounting platforms.

 

Best cryptocurrency tax software comparison chart (top 10 highest rated tools)

Here is a quick table of the top crypto tax software reviews with some pricing information. This table shows 10 vendors, but after we will get into the top 18 best tax software for cryptocurrency tools.

Product

Best for

Pricing

Website

CoinLedger (aka CryptoTrader.tax)

Best crypto tax software overall

$49 for 100 transactions

visit

Accointing

Best Bitcoin tax software

$75 per year

visit

Koinly

Best tax service for crypto

$59 CAD per year

visit

ZenLedger

Best free crypto tax software

$49 per year

visit

TaxBit

Best crypto tax calculator

$50 per year


 

visit

TokenTax

Best crypto tax software for TurboTax integration

$65 per year

visit

Fyn (fka BearTax)

Best crypto accounting software

$49 per year

visit

CoinTracker

Best NFT tax software

$79 CAD per year

visit

Bitcoin.Tax (aka BitcoinTaxes)

Cheapest crypto tax software

$44.95 per tax year

visit

Ledgible

Top crypto accounting tool for tax professionals

$49 per tax year

visit

What is the best crypto tax software 2024? Here’s our top 18 list:

Are you ready for this ultimate crypto accounting rundown? Our reviews of the best crypto tax software 2024 options include Accointing, Koinly, TaxBit, TokenTax, ZenLedger, and BearTax which is now called Fyn. This list is sure to have something for everyone, from the beginner crypto hobbyist to the pro.  

1. CoinLedger, aka CryptoTrader.tax (Best crypto tax software overall)

The number one tool for the best software for crypto taxes is CoinLedger. CoinLedger is a crypto economy tool out of Canada. It provides tools for tax reports, NFTs, and even features for tax professionals. The outdated URL CryptoTrader.tax now goes straight to CoinLedger.

Pros:

CoinLedger works with over 10,000 digital currencies with full historical data. You can sync your crypto accounts from unlimited crypto exchanges. The platform shows you profit and loss figures and tax liabilities throughout the year. There are a lot of great tools for IRS forms, income tax forms, capital gains tax and audit trails. You also get a good integrations library including DeFi and Wallet integrations.

Cons:

The hobbyist plan limits you to only 100 crypto transactions, and afterward the per month cost gets up there. Also, the tax loss harvesting tool, meant to help cut your tax bill by the end of the tax year, could be more effective.

Pricing:

  • Hobbyist plan is $49 for 100 transactions

  • Day Trader plan is $99 for 1,500 transactions

  • High Volume plan is $199 for 5,000 transactions

  • Unlimited plan is $299 

Website: coinledger.io
 

2. Accointing (Best Bitcoin tax software)

Coming in at number two in our crypto trades and tax filing software list is Accointing. Accounting is a top player for Bitcoin, Ethereum and filing crypto tax reports. It’s been lauded in Bloomberg and Forbes.

Pros:

It starts with portfolio tracking, staying on top of your entire crypto assets through Accointing. You can compare your crypto gains performance to other crypto portfolios. There are solid crypto market charts and you can automate price alerts. Accounting does market sentiment analysis to show you investing trends. As for your crypto tax calculator, you can use Accointing for general tax preparations of your crypto assets on your own or with a tax professional. You can easily file all your crypto tax reports, using different methods like FIFO, LIFO and HIFO. 

Cons:

Some online reviews have mentioned that getting amazing customer support from Accointing isn’t always a guarantee. Next, even the most expensive paid plan does not offer unlimited crypto trades. Finally, while you get exchanges from names like Binance, Coinbase and Bitfinex, the list could be bigger.

Pricing:

  • Accounting Starter is the free plan for up to 25 transactions

  • Hobbyist plan is $75 per year for up to 500 transactions

  • Trader plan is $199 per year for up to 5,000 transactions

  • Pro plan is $299 per year for up to 50,000 transactions

Website: accointing.com
 

3. Koinly (Best tax service for crypto)

Third down on this list of the best crypto tax service apps is Koinly. Founded in 2018, today Koinly tracks over $250 million funds. Their product includes crypto tax reports, a crypto tax calculator, and tools to manage exchanges.

Pros:

You get to use over 350 exchanges with integrations, as well as over 50 wallets, 6,000 blockchains and other crypto service apps. For filing tax reports and to pay taxes and calculate tax returns, you can export with a TurboTax integration or TaxACT. There are also international tax reports. Data imports of tax documents let you do API sync, CSV file imports, as well as migrate from Cointracking and Cointracker. 

Cons:

Koinly is a great tax service tool. However, when it comes to some of the crypto portfolio tracking features, some users prefer to go elsewhere. The functionalities to manage DeFi, margin trades and futures are not as sophisticated as they could be. 

Pricing:

  • Koinly has a free plan for 10,000 transactions, but no tax reporting

  • Newbie plan is $59 CAD per year

  • Holder plan is $119 CAD per year

  • Trader plan is $219 CAD per year

Website: koinly.io
 

4. ZenLedger (Best free crypto tax software)

Out of Bellevue, Washington comes ZenLedger, a crypto tax software as chill as it sounds. The free plan of ZenLedger is among the best free crypto tax apps on the market. This software solution is trusted by the IRS, TurboTax and IRS:CI. It is compatible with Windows, Android, and iOS devices. In addition, it is voted as one of the best Mac accounting software for crypto as well.

Pros:

The only things you are missing out on with the ZenLedger free plan are some features for DeFi, staking and NFTs, among some other fancy premium customer support that’s only reserved for the priciest version. You can do your tax audit reports with HFI, LIFO and FIFO, manage crypto income, do crypto mining and donations, use ICOs and Airdrops, and get some solid tax-loss harvesting tools. ZenLedger is also a good choice for beginners, as it's very user friendly.

Cons:

Now, even though it’s a great free plan, there is a low number of transactions there. Additionally, the suite of tools and prepaid plans for tax professionals might leave some pros wanting in comparison to other crypto tax SaaS. Finally, there is no mobile app as of yet.

Pricing:

  • ZenLedger has a free plan with 25 transactions

  • Starter is $49 per year for up to 100 transactions

  • Premium is $149 per year for up to 5,000 transactions

  • Executive is $399 per year for up to 15,000 transactions

  • Platinum is $999 per year for unlimited transactions

Website: zenledger.io
 

5. TaxBit (Best crypto tax calculator)

TaxBit is a crypto tax company founded by a bunch of tax attorneys, CPAs and software developers in 2018. It’s a great tax calculator, especially for larger companies, governments and enterprise operations. 

Pros:

The accounting software and tax calculator of TaxBit is proactive and offers regular real-time insights into your crypto tax portfolio based on sophisticated algorithms. It can sync transactions from over 500 sources. It is also compliant with GAAP and IFRS for crypto and digital assets. At the individual level, you can connect your wallets, exchanges, DeFi protocols, and NFTs. There are also transaction histories and other historical tax form tools.

Cons:

While this is a great tax calculator and overall accounting software for crypto and NFTs when it comes to larger companies, the individual-level features might be too much to handle. Also, the NFT suite and other crypto portfolio optimization tools are only for the expensive plans.

Pricing:

  • TaxBit offers an Individual free plan and only gets you email support

  • Individual Basic plan is $50 per year

  • Individual Plus+ plan is $175 per year

  • Individual Pro plan is $500 per year

Website: taxbit.com
 

6. TokenTax (Best crypto tax software for TurboTax integration)

TokenTax was started in 2017 with data imported from none other than Coinbase. In 2019, TokenTax bought out Crypto CPAs. This is a great crypto tax app to work with accounting providers such as TurboTax.

Pros:

With an API and wallet integrations, sync all your accounts to one neat place. TokenTax is great at keeping your data clean and up to date. There is a tax loss harvesting dashboard, Ethereum gas fee reports, mining and taking reports, and other average cost tax liability calculation tools. Advanced TokenTax features help identify missing cost basis, high transaction volume events and cross-chain transactions. This is a smooth operation when exporting to providers like TurboTax, or for filling out international forms.

Cons:

The price. There is no free TokenTax plan. The most affordable plan still starts out with a steep price tag. And while this is a good TurboTax integration, TokenTax is not the only player on the block who does that.

Pricing:

  • Basic plan is $65 per year

  • Premium plan is $199 per year

  • Pro plan is $799 per year

  • VIP plan is $3,499

Website: tokentax.co
 

7. Fyn, aka BearTax (Best crypto accounting software)

BearTax is now called Fyn, and it still promises the same crypto tax software excellence. Operating in the USA, Canada, Australia, Japan, and India, they have great international tax and currencies features for global investors.

Pros:

Fyn uses algorithms to suggest trades, calculate your capital gains or generate short-term reports or for the tax year based on crypto transactions and other taxable events. You can easily share your tax documents with your CPA and review trades using both FIFO or LIFO methods. Fyn loves to automate documents and reports and they can offer great wisdom to save you money. There is also a slew of features to help any web3 business that deals in crypto and digital asset trading. Finally, Fyn has one of the sleekest mobile apps for crypto tax and accounting.

Cons:

Connecting your data via API is not bad but there have been some bugginess reported regarding CSV files, though we’re sure those will get smoothed out as the updates roll in. Next, there seem to be users who are not pleased with the minimal attention to things like Blockchain and NFTs on their site.

Pricing:

  • Fyn, fka BearTax, has a free plan for 20 transactions

  • Basic plan is $49 per year

  • Plus plan is $149 per year

  • Pro plan is $499 per year

Website: fynhq.com
 

8. CoinTracker (Best NFT tax software)

Backed by heavyweight investors like the former CTO of Coinbase and tennis superstar Serena Williams, our next crypto accounting solution is CoinTracker.io. This is a top NFT tax software. To date, the company has tracked over $50 Billion in crypto assets.

Pros:

Import your Bitcoin, your Ether, and many other crypto assets and manage them through one superb platform. Tax reports can be regenerated if you need to make changes without much fuss. You can sync up from among hundreds of exchanges and wallets, and trade with minimal technical fuss anything from cryptocurrencies, NFTs, DeFi, margin trading and more. The CoinTracker tax calculator is a cinch to use. There is clear and relevant automated reporting. The cost basis analysis and capital gains tax calculations are available on every plan. Real time tax loss harvesting is a good tool. Finally, CoinTracker has a great mobile app version for iOS and Android devices.

Cons:

For some tax professionals, CPAs, accountants and people of similar knowledge and expertise, they might find CoinTracker to be a bit amateur hour. However, that is an advantage for novices who want to take more control of their crypto accounting. 

Pricing:

  • CoinTracker has a free plan

  • Hobbyist plan is $79 CAD per year

  • Premium plan is $279 CAD per year

  • The Unlimited plan is a customized price

Website: cointracker.io
 

9. Bitcoin.Tax, aka BitcoinTaxes (Cheapest crypto tax software)

To check out BitcoinTaxes, you’ll need to head over to the URL: Bitcoin.tax, which is also another name people use for this software solution. This is one very simple, straightforward and user-friendly crypto tool, and also one of the cheapest cryptocurrency tax software around.

Pros:

BitcoinTaxes gets a lot of points for ease-of-use. When it comes to calculating crypto capital gains and figuring out the best strategy for when to trade, BitcoinTaxes is a great service. You get unlimited fiat transaction purchases. For Canadians, there is an adjusted cost basis and superficial loss calculations. UK users can do pooling with same-day or 30-day rules. Reports can be automated to go to TurboTax, TaxACT and even H&R Block. For added features, Bitcoin.Tax can offer full-service tax preparation including tax forms and tax returns as well as general tax planning advice.

Cons:

The first drawback of Bitcoin.Tax, or BitcoinTaxes, is the look and feel of the dashboards and interfaces. It is very old school and web 1.0-looking, which is a turn off for many people. However, the tools work fine, and for the competitive price, it’s a fair trade. Also, once you get past the affordable plans, the premium pricing structure is complicated. 

Pricing:

  • Bitcoin.Tax has a free version

  • Premium plan is $44.95 per tax year

  • Premium Extra plan is $54.95 per tax year

  • Deluxe plan is $64.95 per tax year

  • Trader plans go from $139 to $529 per tax year depending on the number of transactions

  • Data processing costs $120 per hour

Website: bitcoin.tax
 

10. Ledgible (Top crypto accounting tool for tax professionals)

No, that's not a typo for ‘readable’ but a play on the word ‘ledger’ which is the OG tool of accounting pros going back to 15th century Venice. Ledgible is directly aimed at the more professional side of cryptocurrency accounting. 

Pros:

The professional side of Ledger is a one-stop tool for managing a crypto tax wallet workflow for quick automated events like reminders and portfolio progress checks. Pros can set up a client portal to best communicate with their network about their asset management. The crypto tax reporting also syncs up with standard tax software solutions. There is also a consumer side to Ledger, which allows for DIY crypto tracking and crypto trading. On top of everything, there are also some great crypto resources from Ledger including a blog and knowledge base.

Cons:

The Ledger platform is a bit on the feature heavy side which may overwhelm some people who want to test out the consumer tools. For pros, we don’t imagine this is too much of a problem. 

Pricing:

  • Professional and consumer tax plans start at $49 per tax year and are good for up to 200 transactions

  • Contact Ledger for enterprise accounting prices

Website: ledgible.io
 

11. CryptoTaxCalculator (Great crypto tax program)

From Sydney, Australia, the land of down under, comes CryptoTaxCalculator. We swear these names are not going to get easier to distinguish one from another, oh well. This software was founded by a pair of bros, literally. 

Pros:

The first advantage here is that this app gets you unlimited integrations no matter which pricing plan you take. We're talking about everything from Binance, Coinbase, Trezor, Ledger, Cash App, Terra, Bancor, Frax and more. Integrations are divided up between exchanges, wallets and DeFi. You get serious NFT support with this tool, which include wrapped and burnt NFTs, bulk-mints, airdrops, and NFT bridging. There is a strong crypto tax calculator with simple exporting, with geo-political specific reporting for the US, UK, Australia, and Canada.

Cons:

While almost every single core feature is available with all the plans, the more affordable plans are missing key tools like trading stock reports. Also, customer support can be limited here.

Pricing:

  • Rookie is $49 per year 

  • Hobbyist is $99 per year 

  • Investor is $189 per year 

  • Trader plan is $299 per year

Website: cryptotaxcalculator.io
 

12. Coinpanda (Good crypto mining tax software)

Here we have a crypto tax tool from Scandinavia, where they are famous for their panda bears, lol. Started in 2019, Coinpanda today is still a relatively small company, though with remote working, they do have an international reach.

Pros:

While not a crypto mining software, Coinpanda is a great choice to handle your accounting needs for crypto mining. This means you can set up simple automated tax reports for everything from your mined crypto assets, as well as crypto income, capital gains, staking and DeFi. You can also run your futures trading and margin trading of digital assets, as well as manage your NFTs and metaverse goods. Coinpanda has native integrations with all the exchanges, wallets and blockchains you could imagine, like Cloinbase, Binance, Kraken, Bitstamp and Bittrex. 

Cons:

For good customer support, you must get the expensive plans, otherwise it's just email support, which can be very slow. What’s more, much of the customization over your dashboard is also reserved for the pricier plans.

Pricing:

  • Coinpanda offers a free version for 25 transactions

  • Hodler plan is $49 for 100 transactions

  • Trader plan is $99 for 1,000 transactions

  • Pro plan is $189 for 3,000 transactions

Website: coinpanda.io
 

13. CryptoTax (Great crypto tax app for IRS compliance)

No frills, no fuss, no muss, nothing but clean and easy crypto tax filing with a special emphasis on IRS reports and compliance. Here is CryptoTax, not to be confused with CryptoTaxCalculator or CryptoTrader.

Pros:

You can easily import all your crypto trades to CryptoTax including transaction histories. CryptoTax then reviews all your data and trade history to suggest the optimal way to calculate your tax returns. From there you can get a custom 8949 tax form for the IRS along with easy-to-follow instructions on how to use it with CPA filing software. You can connect your data with API or CSV files. Even the cheap plans have full TaxACT and TurboTax integration as well as IRS forms.

Cons:

You don't get too much in the way of crypto tracing here although there is a separate crypto tracker product you can use alongside the tax tools. Next, there is no free version of this. 

Pricing:

  • Lite plan is a one-time payment of $39 

  • Standard plan is a one-time payment of $97

  • Pro plan is a one-time payment of $379

Website: cryptotax.com
 

14. Cointelli (Top crypto tax app for exchange integrations)

Cointellis is the brainchild of a CPA/PhD, a software engineer, and a cryptocurrency developer, so you know this company has a good three-brained head on its shoulders.

Pros:

Cointelli has got a bunch of your basic crypto tax report tools for Bitcoin and other tokens. The list of integrations for crypto exchanges is very impressive and easy to set up. Among these are Coinbase, Binance, Tidex, Kraken, Gemini and Crypto.com. For wallets there are also many good integrations like Exodus, Ledger, Bread Wallet, Crypto Wallet and more. For blockchain integrations you get Bitcoin,. Ethereum, XRP or Ripple, Dogecoin, Dash, Bitcoin Cash and Litecoin. There are even good service integrations such as Nexoi, BlockFi and Celsius. Another advantage to Cointelli is that the pricing is very clear.

Cons:

As a crypto tax software this is decent, but there is something lacking here if you want more advanced crypto tracking features. 

Pricing:

  • Cointelli has a free plan for import and review tools

  • For Everyone plan is $49 per tax year

  • Enterprise plans for more than 100k annual trades is custom priced

Website: cointelli.com
 

15. Atani (Good crypto tax tracker for advanced trading)

This company was started by a brother-sister duo. Today, Atani is no joke when it comes to big time trades and moves on the crypto scene, regardless if you are a pro or a noob. 

Pros:

Advanced terminal crypto trading gets you access to over 3,000 crypto currencies including Bitcoin. You can get full reviews of historical trades, do drag and drop orders and one-click trading. You can transact in over 40 currencies. Advanced order features include stop loss, OCO or one-cancels-the-other, and take profit workflows. You can also set up highly customized lists and review real-time order books. Other features here let you create and download tax reports with minimal work.

Cons:

Pricing information is not readily available on their website. Next, while Atani does have mobile apps, they are not the smoothest user experience. 

Pricing:

  • Contact Atani for more pricing information

Website: atani.com
 

16. Cryptoworth (Great mobile crypto accounting app)

Cryptoworth is a cryptocurrency and blockchain accounting app which got off the ground in 2017, and today they claim to manage over $1 Billion in crypto balances.

Pros:

With Cryptoworh, even the cheapest plans get you unlimited portfolios, wallets, exchanges and CSVs, though the free plan is only good for 1 portfolio. Cryptoworth includes ERP support for those working with Quickbooks. You get full DeFi and NFT accounting. There are also reconciliation and sanity checks. You can get the Cryptoworth mobile app from the Apple App Store or Google Play Store. It is a great crypto tax app for mobile devices for crypto trading, crypto tracking, and general crypto bookkeeping. 

Cons:

The prices shoot from totally free to quite expensive with no middle ground. This is only really an amateur tool. And while the mobile app is great, the desktop could stand for some tweaking to its interface.

Pricing:

  • Cryptoworth Basic is free

  • Business Tier 1 is $285 per month

  • Business Tier 2 is $555 per month

  • Business Tier 3 is $910 per month

  • For enterprise prices, contact Cryptoworth

Website: cryptoworth.app
 

17. Softledger (Good real-time cloud accounting tool for crypto)

Softledger is not a crypto accounting solution per se, but it does include features specifically geared for the cryptocurrency world. A dude named Ben came up with this company in 2015 as a way to streamline bookkeeping.

Pros:

You can take advantage of Softledger in the crypto scene if you are a trader, a tracker, a crypto miner, a digital asset manager or token enthusiast. You’ve got integrations with the biggest brands like Coinbase and Kraken and Binance, and a robust API means additional integrations are a snap. You can also set up crypto wallet donations and crypto mining protocols with automated notifications. Softledger also offers quite nice reporting based on real-time data to help inform your trading decisions. 

Cons:

The cost of Softledger will prove prohibitive for many, as it is priced as an accounting tool and not just for the niche crypto market. Also, one might experience the functionality-avalanche effect.

Pricing:

  • The SMB plan starts at $979 per month for up to 3 users

  • Contact SoftLedger for enterprise pricing

Website: softledger.com
 

18. CoinTracking (Top crypto tax platform for international accounting)

Here’s another platform with an easy-to-mix-up name in this list, it’s CoinTracking, not to be confused with CoinTracker or CoinLedger. CoinTracking started in 2012 making it one of the earliest cryptocurrency tax reporting systems.

Pros:

Use this tool for tax declarations in over 100 countries for your crypto capital gains. It makes use of over 13 tax calculation methods including the big ones like FIFO, LIFO and AVCO. You can chart the histories for more than 20,000 different coins, and get insights into coin trading trends. For tax reports, there is a profit/loss audit tool, and realized versus unrealized gains feature. You can also leverage CoinTracking to get professional help with your taxes from pro tax advisors. CoinTracking has a mobile version which is pretty sweet too.

Cons:

The aesthetics of the interfaces might be due for a facelift. Also, the best and most advanced tools are only there for the expensive plans. 

Pricing:

  • There is a free CoinTracking plan

  • Pro plans is $10.99 per month billed annually

  • Expert plan is $16.99 per month billed annually

  • Unlimited plan is $54.99 per month billed annually

Website: cointracking.info

 

What is crypto tax software & what does it do?

The list of tools and features for what crypto tax and accounting systems do is as follows:

  • Track cryptocurrency trading

  • Prepare tax reports based on your crypto assets

  • Syncs up multiple crypto exchanges, wallets and blockchains

  • Calculates your capital gains tax

  • Monitors crypto transactions in portfolios

  • Handles other digital assets like NFTs and DeFi

  • Prepares tax filings to send to TurboTax

  • Helps you work more closely with tax professionals

  • Automated things like notifications for trades or mining

  • Offers tax loss harvesting tools

  • Streamlines your dealings with the IRS

Do keep in mind that there are different types of accounting software for crypto, and each comes with specific features, advantages, and disadvantages. Make sure to base your choice on the features that are going to benefit you the most.

 

Which crypto tax tool is best for me? Our takeaways

You have completed this journey through the best tax software for crypto currencies, congratulations! Our takeaway is that CoinLedger is going to be the number one option for a lot of you, due to its vast number of advanced features.

However, if by the end of the article you realized that maybe crypto tax tool is not the best choice for you and you’re looking for alternatives, make sure to check out our best small business accounting software article for more options!

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