However, paying taxes on the trades you make with crypto exchanges may become a complex process. If you are a crypto trader, you must have completed several transactions in a year. Everyone can’t keep track of these transactions and then calculate net profit and loss.

This is when the need for well-performing and easy-to-use crypto tax software occurs. You can use crypto tax software to make this task easier for you. This software automatically syncs across crypto exchanges and wallets, calculates capital gains and losses, and provides final results. In addition, crypto tax software also makes it simple to calculate and file your crypto taxes.

The following is a handpicked series of the Best Crypto Tax Software, including their features and key statistics. 

7 Best Crypto Tax Software

1. Koinly

Koinly is the best crypto tax software. It easily connects your wallets, exchanges, blockchain addresses, and services to provide a clear picture of your invested money across multiple platforms. This software makes tax calculations easy by calculating the tax liability in just a few clicks. It is compatible with 353 cryptocurrency exchanges, 74 wallets, and 14 blockchain addresses. In addition, the results you get at the end are easily transferable from other tax software. even you can use the koinly Coupon Code, and you will get great offers and discounts.

What makes it stand out:

• Sync your data from all sources automatically.
• You can export your transaction data to other tax software.
• Tracks your portfolio across wallets and accounts
• Displays real-time profit, loss, and tax liabilities.
• Affordable premium plans
• International tax filing is available

2. Accointing

Accointing is a cryptocurrency tracking and tax reporting software. It provides tools to track the market, analyse your portfolio, and harvest tax loss. Additionally, it includes tax reports to make tax filing easier for you.

Since it only supports tax reporting for 25 transactions, its free version is very useful for novice traders.

What makes it stand out: 

• Best tools for portfolio analysis 
• Lets you investigate the cryptocurrency market.
• It helps to determine your profits and losses.
• Generate easy-to-understand tax reports  
• You can use this crypto software on desktop and mobile.
• Integrates with more than 300 different wallets and exchanges

3. TokenTax

TokenTax is a tax software which helps calculate complex taxes for your crypto exchanges to file your taxes. The software’s automation features make tax reporting extremely simple and convenient. TokenTax is a crypto filing tax software that can calculate and file your taxes. It is an excellent piece of crypto accounting software which makes tax filing easy.

What makes it stand out:

• Provides audit assistance
• Every exchange is available.
• Automatically merges with businesses to collect your data.
• Seek the aid of a crypto accountant.
• It can both calculate and file your taxes.
• Tax-loss harvesting software.
• Support more than 85 exchanges 

4. ZenLedger

ZenLedger is a crypto tax software that supports integration with more than 400 exchanges, including more than 30 DeFi Protocols. ZenLedger offers its crypto tax simplifying services to investors and tax professionals.

In addition, it also offers a free plan with access to a tax expert. With this free plan, you can keep track of around 25 transactions. For people who hold their assets, it might be a wise choice.

What makes it stand out: 

• Use your transaction history to determine crypto gains and losses.
• It provides access to a tax expert.
• Best tax loss harvesting tool
• Charges depend on the number of transactions.
• Available at pocket-friendly prices

5. TaxBit

TaxBit is the best crypto tax solution for individuals who want to convert their 1099s and other data into crypto tax reports. It is also beneficial for those businesses that must issue 1099s. This software provides automation technology that syncs your data and quickly generates final tax reports.

Moreover, it is an easy-to-use crypto tax tool that greatly helps users with crypto taxation. Best of all, it automatically syncs your transactions from various exchanges and generates tax reports with zero hardship.

What makes it stand out:

• Supports more than 150 exchanges & 2000+ currencies.
• Allows you to export transaction reports.
• Display tax situation, asset balances, and unrealised profits/losses.
• It offers tax loss harvesting & portfolio performance analysis.
• Reliable customer support service

6. Cointracking

Contracting is a well-known crypto tracking and tax reporting software. This crypto tax software is famous for its easy-to-use features and outstanding results. It offers a tonne of great features for tax reporting and market analysis. You can import your crypto transactions using automation features and get details on market trends for 12,033 different coins. Here you can also get a free version of the software, which supports 200 transactions for tracking.

What makes it stand out: 

• It also offers tools to study coin trends for trading
• It provides profit and loss statements.
• Allows you to send tax reports to CPSs or tax offices.
• It provides tutorials in the form of FAQs and videos.
• Tax reporting for cryptocurrency traders and companies
• It supports over 5,000 different coins. 
• It offers portfolio tracking and detailed charting.
• Available on both Android and iOS

7. BitcoinTaxes

BitcoinTaxes helps you determine your capital gains and losses to file your taxes. It is a widely popular crypto tax software that provides a variety of pricing plans that match your budget. It also connects you to a crypto tax professional who can advise you on how to enter Bitcoin crypto trades.

What makes it stand out:

• Make a list of your capital gains and losses.
• It also provides full-service tax preparation.
• Seek the advice of a tax professional for better tax planning
• It makes tax filing more accessible and more convenient
• It creates capital gains, income, donation, and closing reports.
• Form 8949, TaxACT, and TurboTax TXF formats are available.

Final Thoughts: Best Crypto Tax Software

Crypto exchanges are rapidly growing worldwide. The primary reason for this vast popularity is the high possibility of making large profits with minor investments. However, if you trade in crypto, you must pay taxes and accurately calculate your capital gains and losses.

This may become a difficult task to complete. However, the crypto mentioned above software makes this task simple and convenient. With their help, you can obtain tax reports in minutes and effectively increase your investing skills. So, select the best suitable crypto tax software for your needs and enhance your crypto investment experience.

Bitcoin has acquired more than 4000% in the beyond five years. During a similar period, Ether shot up a vast 25000%! Convincingly, cryptocurrencies are riding a powerful wave that financial backers would rather not miss.

Be that as it may, discuss crypto charges, and individuals begin scratching their heads. Some accept crypto gains aren’t available since crypto isn’t yet lawful in their country.

Indeed, they may be off-base.

Since every case of purchasing, selling, or trading cryptocurrency qualifies as an available occasion, this turns out as expected, regardless of whether your administration is yet to sanction crypto.

You could dodge crypto charges assuming it comes into the absolved pay classification in your country.

So while you can see huge benefits (and misfortunes) with cryptocurrencies, paying burdens appropriately and being agreeable with charge regulations is essential.

Yet, since we as a whole aren’t sanctioned bookkeepers, these top crypto charge software will prove to be helpful. It’ll allow you to zero in on the exchanging and not squander hours misjudging your crypto charges.

This way, we should check the Top 10 best crypto tax tools.

1-TokenTax

TokenTax is a comparative crypto bookkeeping utility that upholds FIFO, HIFO, and LIFO detailing techniques.

Their base arrangement upholds just Coinbase and Coinbase Pro records. Furthermore, you would update their higher levels to utilize numerous trades.

Furthermore, you can do nothing without pursuing memberships.

That being said, the point of interaction is instinctive. You can coordinate many trades with API keys. Furthermore, TokenTax allows manual passage/CSV transfer or exchange of information.

You can buy in as per the number of exchanges, trade support, and several different features. Also, get 30% off using the TokenTax Coupon Code.

2-CoinLedger

CoinLedger began only for the United States. In the long run, it added help for Australian clients, and presently anybody can utilize this platform if their nation upholds either FIFO, HIFO, or LIFO announcing techniques.

CoinLedger has a spotless UI, and there is a lot of help to get everything rolling. They support numerous platforms like Binance, Coinbase, Exodus, etc.

There are point-by-point guides for bringing in exchanges from every platform. Some crypto exchanging media additionally have auto-import usefulness. You can likewise welcome your expense proficiency to survey the report and download it from the dashboard.

CoinLedger allows free report see and information import. Moreover, you can add limitless trades and sync your DeFi exchanges.

Membership plans depend on the number of exchanges during a financial year.

3-CoinTracker

CoinTracker is one of the most special crypto charge software as it accompanies a complementary plan for fledglings. One can involve that for up to 25 exchanges without paying anything.

In any case, it accomplishes something other than crypto bookkeeping. Furthermore, this platform tracks your portfolio performance and assists you with overseeing it to acquire the most extreme.

They presently support 300+ trades and 8000+ cryptocurrencies.

You can likewise add well-known trades with API keys. One can again do a CSV transfer or physically transfer sections and see the duty influence forthright.

Like CyrptoTrader, CoinTracker allows you to impart the report to burden experts. Membership plans depend on exchanges, and more elevated plans accompany DeFi support.

4-Koinly

Koinly has a highly liberal let-loose membership that licenses 10,000 exchanges with extra features. It upholds the typical FIFO, LIFO, customary cost premise, and so on for charge bookkeeping.

It upholds information import (API and CSV) from 350+ trades, 50+ wallets, and 15 blockchains.

By taking special care of over 17000+ crypto coins, Koinly lets you track all crypto property access in an isolated spot.

It can report missing exchanges and eliminate copy passages. All Koinly plans (counting the free) are viable with DeFi, Margin, and Futures exchanging.

5-Accounting

You can ascertain crypto duty and track resources utilizing Accounting. Furthermore, its complementary plan grants crypto charge estimation for up to 25 exchanges.

Like the others on this rundown, you can utilize this tool assuming that your nation upholds FIFO, LIFO, and HIFO announcing strategies.

Bookkeeping allows you to incorporate various trades and wallets with API keys. What’s more, you’re allowed to do CSV transfers or enter every exchange physically.

It likewise has a Trading Tax Optimizer that will list exchanges to limit your crypto charges. Furthermore, with the Accounting crypto tracker, you can have a focal spot to screen your crypto portfolio.

At long last, Accounting has applications for Android and iOS platforms, notwithstanding the web interface.

6-TaxBit

TaxBit is coordinated with 500+ crypto trades, wallets, and DeFi platforms. This crypto has local help just for citizens of the United States. Notwithstanding, the platform expresses that anybody with comparative duty systems can utilize it.

TaxBit has a free-forever plan for individual clients that empowers limitless exchanges. You can coordinate different related administrations to have everything on a solitary dashboard.

With TaxBit’s duty streamlining agent, you can understand capital additions and misfortunes preceding any exchange.

Outstandingly, a few features like duty improvement, charge misfortune collecting, and IRS review support are saved for the higher levels.

7-BitcoinTaxes

BitcoinTaxes allows you to compute your crypto charges with FIFO and explicit proof bookkeeping strategies.

You can import your exchanges from famous crypto trade platforms like Binance, Coinbase, Exodus, Kraken, and others.

BitcoinTaxes likewise has the choice to transfer exchange passages physically.

Something beneficial with this tool is that even the complementary plan has similar features as the highest membership plan. The main restriction is the number of exchanges (up to 20) with its free forever plan.

Similarly, crypto charge experts can assist you with setting up your expense report. Additionally, they offer administrations like changing over CSV documents, results investigation, custom report manifestations, etc.

8-BearTax

BearTax works with FIFO and LIFO frameworks of detailing. One can transfer sections and review the capital increase/misfortune without paying anything.

In any case, this utility doesn’t accompany a free membership. Also, you need to pay for downloading any expense records.

You can import from limitless trade platforms using API keys or CSV transfers. Their shrewd matching calculation can assist you with keeping away from insignificant available occasions with all trades.

At long last, BearTax assists you with ordering your crypto pay from eleven classes: gifts, marking, mining, airdrops, and references.

9-ZenLedger

ZenLedger is a top crypto charge software with comprehensive help for various trades using API keys and CVS transfers.

You can have limitless trade platforms with ZenLedger. It’s viable with HIFO, LIFO, and FIFO revealing techniques. Likewise, it allows you to report an assortment of crypto pay, including DeFi, NFTs, marking, gifts, mining, etc.

ZenLedger has two classifications of memberships: DIY and Tax-proficient helped.

The former is more monetary, with a complimentary plan allowing up to 25 exchanges. And surprisingly, this free arrangement has every one of the characteristics of the paid memberships, notwithstanding support for DeFi and NFTs.

The last class also accompanies a leading consultation choice, which is less expensive. You can choose that and afterward continue with the DIY plans as an efficient, other option.

10-Tax.Crypto

The best thing with Tax.Crypto is that there is no paid membership. It’s free. This utility has local help for Germany, the UK, the USA, Canada, and Australia.

One can add wallets and API keys to match up the exchanges.

Right now, just well-known trades in the referenced locales accompany API sync. Nonetheless, there is dependably a choice to set up a CSV and transfer it to work out your crypto charges.