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The Review Wizard

CoinLedger Reviewed

About CoinLedger from CoinLedger...

We believe that cryptocurrency can bring about a better economic future for people all over the globe. However, right now, cryptocurrency transactions are scattered across multiple wallets, exchanges, and protocols. This makes it difficult for investors to keep track of their holdings and pay their taxes. CoinLedger helps investors navigate the new crypto-economy. Our suite of products allows any cryptocurrency user to easily understand their crypto portfolio and generate necessary tax forms in minutes.

Is what CoinLedger claims true? See what real users are saying about CoinLedger.

Coinledger dashboard.

Image Credit: CoinLedger

đź‘Ť Pros

It is a great resource for my crypto taxes, easy to use, and reliable tax reports.

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Their customer service is excellent and always prompt in helping.

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Calculates taxes due on all cryptocurrency transactions

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Free version of the platform available to all users.

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Automated Tracking: CoinLedger takes the hassle out of manual data entry.

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Export results to TurboTax and TaxAct.

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Consolidated single view of all your holdings across various exchanges and wallets.

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Robust security, Form 8949 generation and tax-loss harvesting for reducing capital gains.

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This was one of the few times a product did exactly what I needed it to. It saved me a lot of time and money and was super easy to use. The customer service is great as well.

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CoinLedger’s tax report includes an audit trail linked to each step for calculating capital gains for your records. It details every taxable event that occurred.

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CoinLedger offers comparisons for all of their competitors. They want to help you find the best crypto tax software for you (even if it isn’t Coinledger)!

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Easily import historical data. Once you connect to your chosen exchange or wallet, you will be able to see your full transaction history.

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An obvious pro would be its fantastic tool for tracking cryptocurrencies, making it a haven for those interested in digital currency investments. It provides live updates and helps manage transactions efficiently.

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File international tax reports. Reports can be used to complete the relevant tax forms for Canada, the US and Australia.

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Relatively low price and unique features such as an audit trail and an official partnership with TurboTax.

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Just three steps are required to generate a tax report for the year.

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I have been using CoinLedger for the past year and it has greatly simplified my cryptocurrency tracking and reporting.

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đź’°Current Discounts

Interested in trying it out? Check out these CoinLedger Discounts and Coupon Codes.

Get 10% discount when you subscribe with the promo code

Get CoinLedger Promo Code

CRYPTOTAX10


đź‘Ž Cons

CoinLedger offers free trials, but all users must pay to receive downloadable tax reports.

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Limited crypto wallet support and cannot pay for services with cryptocurrency.

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No API or direct connection to some exchanges and no ongoing account analysis.

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Other crypto tax platforms offer free use for hobbyist traders. CoinLedger charges $49 for hobbyist traders (100 transactions).

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Limited tools for NFTs.

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Classifying imports can get messy. If you’re a trader with multiple wallets, you may be required to declare how you originally acquired some of your crypto.

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⚖️ Final Say - Yay or Nay?

CoinLedger is an intuitive crypto tax software that provides a range of features to simplify the process of tracking crypto transactions and preparing tax reports. With its portfolio tracking tool, NFT tax software, and compatibility with popular tax filing software, CoinLedger offers a comprehensive solution for investors of all levels.

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Overall, CoinLedger (formerly known as CryptoTrader.Tax) is one of the best available options for filing your bitcoin taxes quickly and cheaply.

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CoinLedger is relatively easy to use. It’s cost-efficient and allows you to compute your crypto taxes seamlessly. However, classifying transaction data can become messy and it’s ironic that a crypto tax platform doesn’t accept cryptocurrency payments from customers.

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CoinLedger is not just another run-of-the-mill tax tool; it’s your crypto concierge, offering a seamless experience for users trying to make sense of their digital financial landscape. The platform caters to both seasoned traders and crypto newbies, making it user-friendly without compromising on robust features.

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If you need to do your crypto taxes, you'll likely need crypto tax software. CoinLedger does an overall good job of helping users calculate what they need for their annual tax return.

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CoinLedger offers 4 pricing tiers – Hobbyist ($49/year; max 100 transactions), Day Trader ($99/year; max 1,500 transactions), High Volume ($159/year; max 5,000 transactions) and Unlimited ($299/year; no limit).

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CoinLedger emerges as a reliable and cost-effective solution for crypto tax management. Its intuitive interface, broad integrations, and competitive pricing make it an attractive choice for individuals navigating the complexities of cryptocurrency taxation. Whether you’re a hobbyist or a high-volume trader, CoinLedger has a plan tailored to your needs.

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CoinLedger may be useful in calculating your crypto taxes in addition to providing you with the necessary reports to file with the IRS. Furthermore, the platform could be integrated with over 300+ cryptocurrency exchange platforms.

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Honestly this app completely saved me. I traded in and out of multiple different cryptocurrencies over the course of the past three years. Just recently, I found out that I needed to be filing taxes on these transactions. Like most people, I freaked out. I called many different "crypto accountants" who wanted THOUSANDS of dollars to help me file Form 8949 from my past few years. Enter CryptoTrader.Tax. The platform saved me. Entered my trade history and it immediately spit out my required tax forms for ALL years I needed them for a fraction of the price the accountants wanted. Awesome tech.

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By automatically importing transactions from exchanges and blockchains, CoinLedger provides real-time updates on portfolio value and transaction history, ensuring accurate tracking of crypto investments. Additionally, its automatic tax calculations and tax reporting features save investors valuable time and ensure compliance with tax regulations.

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đź’°Current Discounts

Interested in trying it out? Check out these CoinLedger Discounts and Coupon Codes.

Get 10% discount when you subscribe with the promo code

Get CoinLedger Promo Code

CRYPTOTAX10