TokenTax Reviews & Ratings

TokenTax

4.7 out of 5 stars
Koinly Reviews & Ratings

Koinly

4.9 out of 5 stars

Ratings and Reviews 12 Ratings

Total 4.5 out of 5 stars
ease 4.5 out of 5 stars
features 4.5 out of 5 stars
design 4.5 out of 5 stars
support 4.5 out of 5 stars

Ratings and Reviews 56 Ratings

Total 5 out of 5 stars
ease 4.5 out of 5 stars
features 4.5 out of 5 stars
design 4.5 out of 5 stars
support 5 out of 5 stars

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What is TokenTax?

TokenTax serves as a comprehensive cryptocurrency tax calculator that links with virtually every crypto exchange available. We facilitate the importation of your data from any country and align it with your trading records. With our platform, you can effortlessly monitor your capital gains, losses, and tax obligations for every transaction involving virtual currencies. Our Tax Loss Harvesting feature offers invaluable assistance in minimizing your tax burden. When preparing your TurboTax return, you can easily generate essential tax documents like Form 8949. If you require assistance in filing your taxes, our dedicated team of cryptocurrency tax professionals is ready to guide you through the process. You can connect leading exchanges such as Binance, Coinbase, and BitMEX through seamless automatic API imports or choose to upload a trade history spreadsheet from any exchange you prefer. Our platform is meticulously designed to manage all components of digital asset taxation, ensuring accurate capital gains calculations and the automatic generation of tax forms. TokenTax utilizes your crypto trading history to fill out Form 8949, which is essential for reporting capital gains. This form can either be included with your tax return or imported directly into TurboTax, simplifying your filing experience. Additionally, our user-friendly interface makes it easier than ever for anyone to navigate the complexities of cryptocurrency taxation.

What is Koinly?

Simplify your tax reporting process with Koinly, a tool designed to ensure accuracy and reliability; just link your exchange accounts or public addresses, and Koinly will handle the calculations of your capital gains, ultimately producing a tax report ready for the next filing season. The final report provided is approved by tax agencies, making it straightforward to print and submit. Koinly offers a comprehensive accounting and tax reporting solution tailored for cryptocurrency enthusiasts, investors, and accountants alike. With an impressive range of over 700 integrations, Koinly is compatible with upwards of 400 exchanges, 100 wallets, and more than 170 blockchains, enabling users to maximize their cryptocurrency capital gains effectively. You can consolidate all your transactions in one convenient location, eliminating the hassle of switching between various wallets and accounts. By easily syncing your data with Koinly, you gain a clear overview of your entire trading history. Tracking your cryptocurrency assets and associated tax obligations is effortless, as you can monitor your total holdings and portfolio growth over time across all your wallets and exchanges, alongside your tax responsibilities. Additionally, Koinly equips you with tools to identify and resolve any discrepancies in your transactions, helping to eliminate the headache of unexpected gains and erroneous tax reports. With Koinly, you can confidently preview your capital gains and tax obligations for free before generating the necessary tax documentation.

Media

Media

Integrations Supported

Bitstamp
BTC Markets
Binance
BitPay
Bithumb
Changelly
Coinbase
EtherDelta
HitBTC
Liquid
Poloniex
The Rock Trading
Tidex
Uphold
eToro
itBit

Integrations Supported

Bitstamp
BTC Markets
Binance
BitPay
Bithumb
Changelly
Coinbase
EtherDelta
HitBTC
Liquid
Poloniex
The Rock Trading
Tidex
Uphold
eToro
itBit

API Availability

Has API

API Availability

Has API

Pricing Information

$65 per tax year

Pricing Information

Free
Koinly gives you more for less, with a generous free plan that features 10,000 transactions and support for over 700+ integrations including DeFi and NFTs.

Koinly also offer annual plans for when you are ready to generate your tax report:

* $49 for 100 transactions
* $99 for 1,000 transactions
* $179 for 3,000 transactions
* from $279 for 10,000+ transactions
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub

Company Facts

Organization Name

TokenTax

Date Founded

2017

Company Location

United States

Company Website

tokentax.co

Company Facts

Organization Name

Koinly

Date Founded

2018

Company Location

United Kingdom

Company Website

koinly.io

Categories and Features

Crypto

Not specified

Crypto Accounting

Not specified

Crypto Tax

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

DeFi Tools

Not specified

Categories and Features

Corporate Tax

Data Import / Export
Data Verification

Crypto

Not specified

Crypto Accounting

Not specified

Crypto Tax

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

DeFi Tools

Not specified

Tax Practice Management

Client Management
Client Portal
Due Date Tracking
Tax Filing
Tax Forms
Workflow Management

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