Cryptocurrency trading can be highly profitable, but it also comes with complex tax obligations. As governments worldwide tighten regulations, traders must accurately report their crypto transactions to avoid penalties. Fortunately, several crypto tax software solutions simplify this process by automating calculations, generating tax reports, and ensuring compliance.
In this guide, we’ll explore the best crypto tax software for traders in 2024, comparing features, pricing, supported exchanges, and ease of use. Whether you’re a casual trader or a high-volume investor, this breakdown will help you choose the right tax tool.
Why Do Crypto Traders Need Tax Software?
Before diving into the best options, let’s understand why crypto tax software is essential:
- Automated Calculations – Manually calculating capital gains, losses, and income from hundreds (or thousands) of transactions is error-prone. Tax software does this instantly.
- Regulatory Compliance – Tax authorities (IRS, HMRC, ATO, etc.) require crypto transactions to be reported. Software ensures you meet legal requirements.
- Time Savings – Instead of spending hours on spreadsheets, tax tools generate reports in minutes.
- Audit Protection – Detailed records help defend your filings if audited.
- Multi-Exchange & Wallet Support – Most traders use multiple platforms; tax software aggregates all transactions in one place.
Now, let’s review the top crypto tax software options.
1. Koinly – Best for Ease of Use & Comprehensive Reporting
Key Features:
✅ Supports 700+ exchanges and wallets
✅ Automatic capital gains & income tax reports
✅ FIFO, LIFO, HIFO, and specific identification accounting methods
✅ Integrates with TurboTax & TaxAct
✅ Free plan available (up to 10,000 transactions)
Pricing:
- Free (up to 10,000 transactions, no reports)
- Tax Report ($49) – One-time tax filing
- Investor ($99/year) – Up to 10,000 transactions
- Trader ($199/year) – Up to 100,000 transactions
- Pro ($399/year) – Unlimited transactions
Best For: Traders who want a user-friendly interface with strong tax reporting.
2. CoinLedger (formerly CryptoTrader.Tax) – Best for TurboTax Integration
Key Features:
✅ Supports 300+ exchanges
✅ TurboTax & TaxAct integration
✅ Tax-loss harvesting tool
✅ FIFO, LIFO, HIFO accounting
✅ Free plan (up to 25 transactions)
Pricing:
- Hobbyist ($49/year) – Up to 100 transactions
- Investor ($99/year) – Up to 1,500 transactions
- Professional ($199/year) – Up to 5,000 transactions
- Business ($299/year) – Up to 15,000 transactions
Best For: US-based traders who use TurboTax for filing.
3. CoinTracking – Best for Advanced Traders & Portfolio Tracking
Key Features:
✅ 25+ years of historical tax data
✅ Real-time P&L tracking
✅ Supports 11,500+ cryptocurrencies
✅ Tax optimization strategies
✅ API & CSV import
Pricing:
- Free (up to 200 transactions)
- Pro ($10.99/month) – Up to 3,500 transactions
- Expert ($16.99/month) – Up to 20,000 transactions
- Unlimited ($54.99/month) – Unlimited transactions
Best For: Professional traders who need detailed analytics and tax optimization.
4. ZenLedger – Best for CPAs & Tax Professionals
Key Features:
✅ IRS audit support
✅ Mining & staking tax reporting
✅ DeFi & NFT support
✅ TurboTax & TaxAct integration
✅ Free plan (up to 25 transactions)
Pricing:
- Starter ($49/year) – Up to 100 transactions
- Premium ($149/year) – Up to 5,000 transactions
- Executive ($399/year) – Up to 20,000 transactions
- Ultimate ($999/year) – Unlimited transactions
Best For: High-net-worth traders and those needing CPA-friendly reports.
5. Accointing – Best for Mobile Users & Tax-Loss Harvesting
Key Features:
✅ Mobile app available
✅ Tax-loss harvesting insights
✅ Supports DeFi & NFTs
✅ Hodl & day trading analytics
✅ Free plan (up to 25 transactions)
Pricing:
- Hobbyist ($79/year) – Up to 500 transactions
- Trader ($199/year) – Up to 5,000 transactions
- Pro ($399/year) – Up to 50,000 transactions
Best For: Traders who prefer mobile access and tax-saving strategies.
6. TokenTax – Best for High-Volume & Institutional Traders
Key Features:
✅ Full-service tax filing option
✅ Supports margin trading & derivatives
✅ Custom tax strategies
✅ CPA-reviewed reports
Pricing:
- Basic ($65/year) – Up to 500 transactions
- Premium ($199/year) – Up to 5,000 transactions
- VIP ($999/year) – Unlimited transactions
- Custom Pricing for institutions
Best For: Active traders, hedge funds, and institutions needing white-glove tax services.
Comparison Table: Best Crypto Tax Software (2025)
| Software | Best For | Free Plan | Pricing (Starting) | TurboTax Integration | DeFi/NFT Support |
|---|---|---|---|---|---|
| Koinly | Ease of Use | ✅ (10K tx) | $49+ | ✅ | ✅ |
| CoinLedger | TurboTax Users | ✅ (25 tx) | $49+ | ✅ | ✅ |
| CoinTracking | Advanced Traders | ✅ (200 tx) | $10.99/mo | ❌ | ✅ |
| ZenLedger | CPAs & Audits | ✅ (25 tx) | $49+ | ✅ | ✅ |
| Accointing | Mobile Users | ✅ (25 tx) | $79+ | ✅ | ✅ |
| TokenTax | Institutions | ❌ | $65+ | ✅ | ✅ |
How to Choose the Best Crypto Tax Software?
When selecting crypto tax software, consider:
- Supported Exchanges & Wallets – Does it integrate with your platforms?
- Tax Reporting Methods – Does it support FIFO, LIFO, or specific ID?
- DeFi & NFT Support – Important if you trade in decentralized finance.
- Pricing & Transaction Limits – Avoid overpaying for unused features.
- Ease of Use – A clean dashboard saves time.
- Customer Support – Helpful for resolving tax issues.
Final Verdict
- Best for TurboTax Users: CoinLedger
- Best for Advanced Traders: CoinTracking
- Best for CPAs: ZenLedger
- Best for Mobile: Accointing
- Best for Institutions: TokenTax
Using crypto tax software ensures accurate reporting, saves time, and minimizes audit risks. Choose the one that fits your trading volume, preferred features, and budget.
FAQ
Q: Is crypto tax software necessary if I only have a few transactions?
A: Even with a few trades, manually calculating gains/losses can be tricky. Free plans (like Koinly’s) work well for small traders.
Q: Does crypto tax software work with DeFi?
A: Yes, most top tools (Koinly, ZenLedger, Accointing) support DeFi and NFTs.
Q: What if my exchange isn’t supported?
A: You can usually upload a CSV file or use an API workaround.
Q: Can crypto tax software help reduce my taxes?
A: Yes! Tools like CoinLedger & Accointing offer tax-loss harvesting to optimize liabilities.
Conclusion
Crypto tax compliance doesn’t have to be stressful. The best crypto tax software automates calculations, ensures accuracy, and keeps you audit-ready. Whether you’re a beginner or a pro trader, using a reliable tax tool will save you time and headaches during tax season.
Which crypto tax software do you use? Share your experience in the comments!