Best Crypto Tax Software, Rated and Reviewed for 2023

If you sold or traded crypto last year, you likely owe the government tax.

Two pieces of information are needed to track and pay the appropriate taxes to the government:

• The date and price of every crypto asset you’ve bought.
• The date and price of every crypto asset you’ve sold.

With these two pieces of information, you can figure out the taxes you owe, or the losses you can claim. (U.S. readers can see frequently asked questions from the IRS here.)

Tracking this information can be complicated, especially when making hundreds or thousands of trades yearly. That is where crypto tax packages come in.

These programs automatically sync across exchanges and wallets to calculate your gains and losses, and give you a final tax report that you can file with the government.

In this article, we will compare some of the best tax software for crypto available today. Our editors have rated software based on pricing, number of supported exchanges, reviews from other customers, and social credibility.

Read on to find out our top picks for crypto tax software, plus what your fellow customers are saying about them. Here are our picks for the best crypto tax tools for 2023.

How to do Crypto Taxes

In short: pay your taxes.

According to the IRS, virtual currencies are taxable by law. So if you don’t report crypto on your year-end taxes, you’ll likely face an audit from the IRS. This failure could lead to criminal prosecution, resulting in a fine of up to $250,000 or up to five years in prison.

There’s no doubt that tax law is miles behind the rapid pace of blockchain innovation. In the U.S., for example, just buying a cup of coffee with bitcoin is a “taxable event,” meaning that it doesn’t function like currency, it functions like an investment (i.e., you pay tax on the gain of your bitcoin when spending it).

Crypto tax software is an essential tool, as it functions as a third-party aggregator for collecting data. After purchasing a subscription plan, the software will connect to all your crypto exchanges, wallets, and addresses. Then, it’ll reconcile the transactions and produce a detailed gain and loss report that’s compatible with the IRS guidelines.

Typically, these reports include a Form 8949, Schedule D. In some cases, the reports may also include a Schedule 1. To the untrained eye, all of these software solutions may look like a good solution for your tax needs. However, each platform comes with its strengths and weaknesses, which we’ll discuss below.

What’s New in 2023 (Filing Your 2022 Crypto Tax Return)

The IRS now treats airdrop rewards (tokens that are dropped into your wallet, like our BMJ token) as taxable income in the year you acquired them.

Moreover, the “wash sale” rule remains a gray area for crypto investors. It may arise when a trader sells tokens at a loss and buys them back within 30 days to offset other capital gains. Wash trading is currently allowed with crypto, but this may change.

Long-term capital gain taxes range from 0-20%, while short-term capital gain taxes range from 10-37%, depending on your federal income tax bracket.

Crypto Tax Software: Our Top Picks

	Company Launch Year	No. of Supported Exchanges	Price (minimum)	Price (maximum)	Social Following (Twitter)	BMJ Score
Cointracker	2017	500	$0.00	$179.00	57,100	4.5
TaxBit	2018	500	$0.00	$500.00	15,800	4.0
CoinTracking	2013	70	$0.00	$19.99	11,000	3.5
Accointing	2018	400	$0.00	$299.00	11,500	3.5
CoinLedger	2018	400	$49.00	$299.00	23,500	3.5
Zen Ledger	2017	400	$0.00	$3,500.00	15,500	3.0
Legible	2016	200	$49.00	$100.00	3,400	3.0
Token Tax	2017	85	$65.00	$3,499.00	20,400	2.5
Bitcoin.Tax	2019	40	$0.00	$529.00	1,600	2.0

CoinTracker

Best for: Crypto and NFT taxes.

CoinTracker syncs all information from your crypto portfolios and uses the data to create tax forms to file your returns. The software supports more than 500 exchanges and 10,000 cryptocurrencies. Plus, it is compatible with Turbotax and TaxAct.

A stand-out feature is the support for NFT-related trading taxes, thanks to a partnership with Opensea.

Features:

• Automatically generates tax reports for each year.
• Compatible with TurboTax and TaxAct.
• An interactive portfolio that shows transactions with fees, and taxable income.
• It has a mobile app for both Android and iPhone users.
• It has a 3.1 rating on Trustpilot.

Price:

• Free $0
• Hobbyist: $53/year
• Premium: $179/year
• Unlimited: Priced individually

What customers have to say:

“CoinTracker has functionality that (surprisingly) Coinbase does not. So that’s why I started using CoinTracker: to see my unrealized returns (%). Also, their charts are easy to use. Thankful that they integrate with Coinbase and allow me to see important information about my portfolio that Coinbase doesn’t.” (aMw, Trustpilot)

“Just got a notice from LifeLock that my email was found on the Dark Web from a Cointracker hack but I don’t have any emails from them warning me of a breach.” (Tim Naughton, Trustpilot)

Verdict:

We give CoinTracker an overall score of 4.5. It’s generally a great tool for tracking your Defi and NFT taxes, with wide exchange integration and a reasonable price point. However, there have been privacy concerns based on a data breach at Sendgrid, their email service provider.

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BearTax

BearTax’s clean user interface makes it easy for you to calculate your crypto taxes. The software supports over 50 exchanges, and it has a dedicated section for accountants handling taxes on behalf of their clients. In addition, BearTax has a smart-matching algorithm that matches your withdrawals and deposits across exchanges, preventing you from accidentally hitting a negative balance due to mismatches.

Features:

• Access to an accounting professional for only $200 per year
• Integrates with traditional tax reporting software such as TurboTax
• Tools for accountants handling clients’ taxes
• Access to sales reports, audit trail reports, and more
• ​​Integrate directly via API or CSV with over 50 prominent exchanges across the world and supports users to import from almost every exchange in the world
• Rated 3.9 on Trust Pilot

Price:

• Basic: $10/year
• Intermediate: $45/year
• Expert: $85/year
• Professional: $200/year

What customers have to say:

• “BearTax was able to customize their offering to my needs, and they’re much more cost-efficient on my finances. Thank you BearTax, looks like compliance isn’t a problem anymore again!” (Kunal Dubey, TrustPilot)
• “Fast and amazing support. It doesn’t feel like you are talking to a robot.” (Danilo, TrustPilot)

Verdict:

We give BearTax an overall rating of 4.0. BearTax is one of the most affordable crypto tax software programs out there, and they even offer a free trial. However, the software’s CSV file parsing could improve, and there are few online reviews for the software.

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TaxBit

Best For: Professional traders and enterprises in charge of clients’ crypto taxes.

TaxBit stands out from other software programs in that it’s the only one created by tax attorneys and CPAs, working alongside software developers. The software comes with an extensive electronic paper trail that will back you up in the event of an audit. TaxBit offers an extremely intuitive layout that’s fit for everyone, from novice investors to industry regulators.

Features:

• Supports over 500 exchanges and over 2000 currencies
• A robust dashboard that shows your asset balances, unrealized profits/losses, and tax positions
• Compatible with TurboTax
• Rated 4.0 on Trustpilot

Price:

• Free $0
• Basic: $50/ year
• Plus: $175/year
• Pro: $500/year

What customers have to say:

“The TaxBit app is extremely convenient and easy to set up. It’s so great to have one place to track crypto accounts. Everything from cost basis to unrealized profits to taxable gains are there at a click of the mouse. Highly recommend this product.” (Keith, Trustpilot)

“Although I wish there was more transparency regarding the escalation team’s progress, I can’t complain about the overall experience I’ve had with TaxBit so far.” (Kennedy Shaun, Trustpilot)

“Great user interface, and easy to understand and filter through data. Great online support. Easy integration with tax filing and third-party platforms.” (Chris, Trustpilot)

Verdict:

We give TaxBit an overall score of 4.0. The high price for the Pro version of TaxBit had a modest impact on the overall score. The software supports most crypto exchanges, provides you with an immutable audit trail, and offers responsive customer support agents. However, some users find there are limited options for auto-syncing and reporting.

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CoinTracking

Best for: Crypto traders and crypto companies.

CoinTracking is a pioneer in the crypto tax space. Initially, it was a portfolio-tracking app. Currently, it performs crypto trade analysis and generates real-time tax reports. It has a live demo option to give you a feel of how the software works before paying. CoinTracking’s full service gives you access to CPAs and agents in the USA.

Features:

• Allows automatic imports using APIs.
• 2-factor authentication.
• Create tax reports for over 100 countries.
• 2.9-star rating on Trustpilot.

Price:

• Free $0
• Pro: $12.99/year
• Premium: $19.99/year
• Unlimited: $16.99/year

What customers have to say:

“Not perfect, but still the best software for serious traders. It takes a little while to learn, but it’s worth it if you want to get accurate calculations. Those who don’t have many transactions might want to look elsewhere for a free solution.” (Superpluff, Trustpilot)

“2 years ago, I decided to purchase “2-year unlimited” and recently I decided to go lifetime unlimited. The support is great and responsive, they are very polite. The only issue is that it can take a bit of time to understand the process of importing everything and can require a lot of deleting all trades and starting fresh to figure it out which is time-consuming. Perhaps a step-by-step mode for new users would ease people in?” (Craig Crawford, Trustpilot)

Verdict:

We give CoinTracking an overall score of 3.5. The score for CoinTracking was negatively influenced by its small number of supported exchanges and its relatively small social following. CoinTracking is a helpful tool for crypto traders and companies. It can be a handful when starting, but easy to use once you have a grip on it.

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Accointing

Best For: Beginner and professional crypto traders looking for robust features.

Accointing is a crypto tax reporting and tracking software that offers tools to analyze your portfolio, track the market, and produce tax reports so you can file your taxes easily. Accointing comes with an intuitive interface that’s easy to use for both novice and professional crypto traders. The software supports over 400 exchanges, and it allows you to automatically import all of your crypto transactions via your wallet address.

Features:

• Supports more than 400 wallets and exchanges and over 7,500 currencies
• Print an unlimited number of reports
• Track your cryptocurrency portfolio
• Portfolio analysis tools to help you make more informed decisions
• Compatible with TurboTax
• Rated 4.0 on Trustpilot

Price:

• Free: $0
• Hobbyist: $79
• Trader: $199
• Pro: $299

What customers have to say:

“​​Amazing Portfolio Analytics to combine all your wallets and exchanges in one place! Awesome crypto tax service too!” (Matt, Trustpilot)

“The best platform to keep track of crypto assets across wallets and exchanges. Simple to use and quick to set up. Additionally, they have great content to stay on top of news in the crypto market.” (Daniel Kohlsdorf, Trustpilot)

“I used Accointing for my German Tax Report, the import works well (with some manual adjustments), and the tax report is perfect with all the explanations and paragraphs. Very professional.” (Lukas P, Trustpilot)

Verdict:

We give Accointing an overall rating of 3.5. The fact that Accointing is a newcomer, and its relatively small social following combined to pull its score down somewhat. Accointing comes with an easy-to-use interface that allows you to check your portfolio in just a few clicks. This affordable software is a good middle-of-the-road option, even if it does not have the social following (i.e., customer base) of some of its competitors.

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CoinLedger

Best for: Crypto hobbyists and casual investors.

CoinLedger claims to have over 300,000 crypto investors. The tax software allows you to file taxes for both cryptocurrency and NFTs. It also features an easy-to-use interface that allows you to import data, preview taxes, and create profit and loss reports for both crypto assets and NFTs. Additionally, it integrates with TurboTax and TaxAct.

Features:

• Integrates with TurboTax
• Complete tax reports for different countries
• Portfolio tracking

Price:

• Hobbyist: $49/year
• Day Trader: $99/year
• High Volume: $199/year
• Unlimited: $299/year

What customers have to say:

“I was having a problem with my Nano X. I submitted a request for help and sincerely didn’t think I’d hear back for days. I heard back later that day and even had a back-and-forth communication with the representative helping me. They were very responsive in solving my problem.” (Jennifer Gubler, Trustpilot)

“CoinLedger’s interface is intuitive, and their one-on-one chat support was immensely helpful to get all of my information organized properly. My first time navigating crypto taxes has been relatively painless.” (David Bell, Trustpilot)

Verdict: We give CoinLedger an overall rating of 3.5. The lack of a free option hurt CoinLedger’s score. Apart from importing crypto data from any platform for your tax needs, you can also monitor your losses and profits — but the price is a bit higher than some competitors.

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ZenLedger

Best For: Beginner and professional crypto traders looking for ample customer support.

ZenLedger allows you to manage your crypto taxes and keep records of all of your crypto investments in one place. In addition, the software gives you access to CPAs and tax accountants, and it includes a tax-loss harvesting tool that helps you save money on crypto taxes.

Features:

• Supports over 400 exchanges
• Compatible with DeFi applications
• Integrates with TurboTax
• Calculates crypto profits and losses with the help of your transaction history
• Rated 3.4 on Trustpilot.

Price:

• Free: $0/year
• Starter: $49/year
• Premium: $149/year
• Executive: $399/year
• Platinum: $999/year
• Prepared: $3,500/year

What customers have to say:

“ZenLedger has been invaluable in helping me accurately track crypto transactions – very user-friendly. Their customer support (both with the free chat and appointments for a fee) made all the difference in working through some tracking issues I had. Can’t say enough good things.” (SC, Trustpilot)

“ZenLedger is accurate, powerful, fast and cost-effective. It saves a lot of effort to get things right on crypto tax.” (Jason W., Trustpilot)

“ZenLedger makes getting ready for crypto tax time so easy. It really is so much easier than trying to sift through all your transactions by hand.” (John Harvey, Trustpilot)

Verdict:

We give ZenLedger an overall rating of 3.0. The high price of the Platinum plan and the prepared tax forms pulled the score down for this otherwise excellent crypto tax preparation software. ZenLedger is an excellent crypto software for calculating profits/losses, organizing taxes, and tracking trades. It offers robust professional tax support and quality customer support. However, it comes with localized tax forms that are only available in the United States.

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Ledgible

Best For: Institutions, CPAs, and Tax professionals.

Ledgible is a tax software tool suitable for accountants, businesses, enterprises, and institutions. It is designed for tax calculation, tracking transactions, and producing crypto tax and accounting reports.  The tool has an interesting feature, where you can add users to your account to help you monitor your assets.

Features:

• Enterprise-grade security.
• Tracks activities and generates reports.
• Allows Manual data entry to increase accuracy.
• Compatible with current crypto tax software.
• 4.2-star rating on Trustpilot.

Price:

• Up to 200 transactions: $49/year
• 200-1000 transactions: $50/year
• Over 1000 transactions: $100/year
• Enterprise accounting: custom pricing

What customers have to say:

“My firm needed a solution to handle all of our clients with crypto, and Ledgible was the perfect fit. We were quickly able to add all of our team members and get our client’s taxes filed with no problem!” (Andrew Christian- Trustpilot)

“Implementing Ledgible into my crypto tax workflow has been simple. I’m not sure how I could’ve done it without their team’s support” (Trev- Trustpilot)

Verdict:

We give Legible an overall rating of 3.0. Ledgible may be a good choice for tax pros and institutions.  The pricing is flexible based on the number of transactions you need to monitor. Plus they have great reviews regarding their technical support team.

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TokenTax

Best For: Crypto traders who use multiple exchanges.

TokenTax is a robust software that makes calculated complicated crypto taxes simple with its automated features. TokenTax provides margin trading tax calculations, professional tools for CPAs, tax reports, and a tax-harvesting option.

Features:

• Support available from crypto accountants
• Supports every exchange and integrates automatically to collect your data
• Audit assistance
• Calculate and file your taxes seamlessly
• Compatible with TurboTax
• Rated 4.3 on Trustpilot

Price:

• Basic: $65/year
• Premium: $199/year
• VIP: $3,499/year

What customers have to say:

“UI is easy to understand and instructions are clear. Massive time saver using these guys. Their customer support was also quick to respond and super helpful.” (Ben, Trustpilot)

“They went above and beyond to help me sort through some transaction issues and caught and fixed a user error issue. Extraordinary service from Elle, Oat, Daniel, Isaac, and co-founder Scott followed up as well.” (Jeff Clark, Trustpilot)

“I have been using TokenTax for about 3 years now. I have spoken with the team on numerous occasions over complex tax issues. I feel that they have been very helpful in solving my problems and keeping my records in order. I would highly recommend TokenTax!” (CA, Trustpilot)

Verdict:

We give TokenTax an overall rating of 2.5. This all-in-one crypto software makes it easy for you to calculate and file your taxes. TokenTax provides automation in every step of the filing process, and you can export tax forms in any format you need.

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BitcoinTaxes

Best For: Comprehensive tax reports.

BitcoinTaxes is one of the tax platforms that supports the most crypto exchanges in the market. It has two services that stand out. The Audit defense service in case you have an IRS audit opened for a tax year. Additionally, the platform has partnered with tax professionals to offer the Full tax preparation service to handle your tax reporting for a fee.

Features:

• Allows fiat currencies.
• Import of trade history forms.
• Profit and loss margins calculation.
• A tax professional and accountant packages are available.

Price:

• Free: $0
• Premium: $44.95/year
• Premium Extra: $54.95/year
• Deluxe: $64.95/year
• Trader: $139 to $529/year

What customers have to say:

The premium service saved me a lot by using alternative tax accounting methods. (Pation- Bitcoin.tax)

Verdict:

We give BitcoinTaxes an overall rating of 2.0. Bitcoin Taxes can be used by both beginners and professionals in the crypto tax space. The tool allows you to input the information, let the app do the calculations for you, then download the tax reports or you can choose to delegate the process to tax professionals.

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Do They Make Free Crypto Tax Software?

While there are some free software programs available, keep in mind that they don’t come with all of the features of paid programs. Most of the providers highlighted above who have free packages limit the number of transactions to 20 or 25. Useful for those who make few transactions, but it’s a low cap that many will surpass.

Some of the top free options include:

• Koinly: Koinly claims to generate a free crypto tax report in under 20 minutes. However, you only get a free report preview. Access to the full report will cost money, with plans starting at $79/year. Koinly is available in over 20 countries, and it’s compatible with TurboTax.
• Crypto.com Tax Tool: This software program will calculate how much you owe in taxes at no cost, regardless of how many transactions you’ve had in the past years. However, the software is only available in the US, Canada, Australia, and the UK.
• Coinpanda: Available in over 65 countries, Coinpanda offers free tax report previews with no credit card required. Access to your full tax report will be charged based on the number of transactions per year.

Overall Winner: CoinTracker

While the above crypto software programs are great, CoinTracker came out with the highest score. With affordable pricing, support for most exchanges and tokens, NFT support, and integration with TurboTax and TaxAct, we found CoinTracker to be the best choice out there for most crypto investors and traders.

 

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