Best For
Pros & Cons
Pros
- Supports over 500 exchanges and wallets, facilitating seamless tracking of diverse crypto assets.
- Offers a clean and intuitive dashboard, making it accessible for both beginners and experienced users.
- Generates tax reports compliant with various global tax authorities, simplifying the tax filing process.
- The mobile application provides on-the-go access to portfolio tracking and tax reporting features.
Cons
- Limited capabilities in handling complex DeFi transactions, which may require manual adjustments.
- The cost for premium plans can be relatively high, especially for users with extensive portfolios.
- Some users report issues with missing transactions or incorrect data due to reliance on exchange APIs.
Feature Breakdown
| Feature | Rating | Details |
|---|---|---|
| Automatic Portfolio Sync | 4.0 | Integrates with over 500 exchanges and wallets, enabling real-time import of transactions and balances without manual data entry. |
| Real-Time Performance Insights | 4.0 | Provides a consolidated view of your entire crypto portfolio across networks, displaying total and per-asset cost basis, market value, and unrealized gains. |
| Smart Tax Calculations | 4.0 | Calculates short- and long-term capital gains, generates IRS Form 8949 and international equivalents, and supports accounting methods like FIFO, LIFO, and HIFO. |
| Tax Loss Harvesting Insights | 4.0 | Highlights assets with unrealized losses and suggests strategic disposals before tax deadlines to help users optimize sale timing across multiple assets. |
| Multi-User Access and Accountant Collaboration | 5.0 | Allows users to share read-only access with accountants, provides dedicated accountant dashboards for reviewing client portfolios, and supports exportable CSVs and integrations with tax software. |
Pricing
CoinTracker offers a tiered pricing structure with one free plan and six paid plans. The price increases the more transactions you need.
Free
Base
Prime
Ultra
Alternative Options
Crypto Tax Calculator
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Simpler UI and more focused on casual users, but has fewer integrations and less robust preview/reporting features compared to Koinly.
Learn MoreKoinly
Provides a user-friendly interface with support for over 350 exchanges and wallets, offering automated tax reporting and integration with various tax authorities.
Learn MoreFinal Verdict
After evaluating CoinTracker, we found it to be a user-friendly platform packed with features that simplify crypto tax management. Its broad integration support, including DeFi and NFT tracking, suits a wide range of investors. We appreciated the automated spam filtering and transaction classification that help reduce irrelevant data. Collaboration with tax professionals on the platform adds valuable functionality. However, the pricing tied to transaction volume requires careful planning, and some users may face limitations with tax-loss harvesting or unsupported exchanges.
Recommended For
Not Suitable For
Frequently Asked Questions
How does CoinTracker calculate taxes?
CoinTracker calculates taxes by tracking your crypto transactions, calculating capital gains and losses, and generating tax reports compliant with tax authorities.
Can I import my transaction history into CoinTracker?
Yes, CoinTracker allows you to import your transaction history by connecting your exchange accounts or uploading CSV files.
How do I file my crypto taxes using CoinTracker?
After purchasing a CoinTracker plan, you can generate the necessary tax reports. These reports can be downloaded and filed manually, or you can import them directly into tax preparation software like TurboTax or H&R Block. CoinTracker also allows you to share your reports with a tax professional for further assistance.
Can I use CoinTracker with other tax preparation software?
Yes, CoinTracker is compatible with various tax preparation software. For instance, you can import your crypto tax reports into TurboTax or H&R Block.