8 Best Blockchain Accounting Software - Accounting Software Hub

Blockchain technology is rapidly gaining popularity, and it’s revolutionizing the way we manage our finances. With its decentralized and tamper-proof ledger system, blockchain accounting software is providing a secure and transparent way of recording transactions. This has led to a growing number of blockchain accounting software providers offering a range of solutions to help businesses manage their finances more efficiently. In this article, we’ll take a look at the top 8 blockchain accounting software providers that are changing the way we do accounting.

Best Blockchain Accounting Software

Ledgible
Accointing by Glassnode
Koinly
Cryptio
CoinLedger
TokenTax
CryptoTaxCalculator
TaxBit

1. Ledgible

Pricing Starts at $29/month

The Basic plan is priced at $29 per user per month and includes features such as unlimited transactions, bank account syncing, and basic reporting. The Professional plan is priced at $79 per user per month and includes additional features such as automated classification, project tracking, and multi-currency support. The Enterprise plan is priced at a custom rate and includes all the features of the Professional plan, along with additional customizations and dedicated support.

Best for High-Volume Transaction Businesses

Ledgible is best for businesses and organizations that are looking for a blockchain-based accounting solution that offers greater transparency, security, and accuracy in their financial reporting. The software is particularly suited to businesses that deal with a high volume of transactions and need a streamlined way to manage their accounting and financial reporting.

Highlights and Hidden Gems of Ledgible

Security and transparency: The blockchain technology used by Ledgible provides enhanced security and transparency, making it an ideal solution for businesses that require a high level of security in their financial reporting.
Automated classification: Ledgible uses AI-powered automated classification to streamline the accounting process and reduce the need for manual intervention.
Customizable dashboards: Ledgible offers customizable dashboards that provide a quick overview of a company’s financial health, making it easier to make informed decisions.
Integration with popular accounting software: Ledgible can be integrated with popular accounting software such as QuickBooks and Xero, making it easier for businesses to migrate their financial data.
Portfolio tracking: Ledgible offers a portfolio tracking feature that allows users to track the performance of their cryptocurrency holdings over time.
Real-time market data: Ledgible provides real-time market data for over 3,000 cryptocurrencies, allowing users to make informed investment decisions.
Wallet integration: Ledgible can integrate with popular cryptocurrency wallets, such as Coinbase and BitGo, to automatically import transaction data and keep records up-to-date.

Disadvantages and Limitations of Ledgible

Limited reporting options: While Ledgible offers some basic reporting features, it may not be suitable for businesses that require more advanced reporting and analytics.
Limited customization: While the software is customizable, there may be limitations on how much customization is possible.
Steep learning curve: Ledgible may be challenging for users who are new to blockchain technology and may require some training to use it effectively.

2. Accointing by Glassnode

Pricing: Hobbyist Plan is Free, Up to 100 Transactions/Year

Accointing by Glassnode offers three pricing plans: Hobbyist, Trader, and Professional. The Hobbyist plan is free and allows users to manage up to 100 transactions per year. The plan includes features such as automatic tracking of trades, tax calculation, and portfolio management. The Trader plan is priced at $99 per year and allows users to manage up to 5,000 transactions per year. The plan includes all the features of the Hobbyist plan, along with additional features such as advanced portfolio tracking, real-time market data, and integration with popular exchanges. The Professional plan is priced at $499 per year and allows users to manage an unlimited number of transactions.

Best for Frequent Traders

Accointing by Glassnode is best for crypto traders, investors, and businesses that deal with cryptocurrency transactions. The software offers a range of features that are specifically designed to help users manage their cryptocurrency portfolios, track their trading activity, and calculate their taxes. Accointing is particularly suited for those who trade frequently, as the software automatically tracks trades across multiple exchanges and wallets.

Highlights and Hidden Gems of Accointing by Glassnode

Automatic trade tracking: Accointing automatically tracks trades across multiple exchanges and wallets, making it easier for users to keep track of their portfolios.
Advanced tax reporting: Accointing offers advanced tax reporting tools that allow users to generate detailed tax reports for different countries, including the US, UK, and Germany. The platform also provides tax loss harvesting tools and other tax optimization features.
Advanced portfolio tracking: Accointing offers advanced portfolio tracking that allows users to monitor their investments in real-time, and provides insights into their asset allocation and performance.
Integration with popular exchanges: Accointing can be integrated with popular cryptocurrency exchanges such as Binance, Coinbase, and Kraken, making it easier for users to import their data.
Custom report generation: The software offers custom report generation, allowing users to create reports tailored to their specific needs.
Performance analysis: Accointing offers a performance analysis tool that allows users to track the performance of their portfolio over time and compare it to different benchmarks, such as the S&P 500 or the total cryptocurrency market.
Risk analysis: Accointing offers a risk analysis tool that allows users to analyze the risk metrics of their portfolio, including volatility, drawdown, and diversification.

Disadvantages and Limitations of Accointing by Glassnode

Limited to cryptocurrency transactions: Accointing is designed specifically for managing cryptocurrency transactions, and may not be suitable for businesses that deal primarily with fiat currencies.
Limited customer support: Some users have reported issues with the software’s customer support, with some users experiencing long wait times for responses.

3. Koinly

Pricing Includes a Free Plan

Koinly offers four pricing plans based on the number of transactions that need to be tracked: Hobbyist, Trader, Pro, and a free plan. The Hobbyist plan is designed for casual traders and investors and costs $49 per year, while the Trader plan is designed for active traders and costs $179 per year. The Pro plan is designed for professional traders and businesses and costs $399 per year, and the free plan allows users to track up to 10 transactions per year with limited features. All pricing plans are based on a yearly subscription model and come with a 30-day money-back guarantee.

Best for Traders Using Multiple Exchanges

Koinly is best for cryptocurrency traders, investors, and businesses that need a streamlined way to manage their crypto taxes and portfolios. The software is particularly suited for those who trade frequently or have multiple cryptocurrency transactions across multiple exchanges, as it can automatically track all transactions and generate accurate tax reports. Koinly is also ideal for businesses that accept cryptocurrency payments, as it can help them manage their accounting and financial reporting needs.

Highlights and Hidden Gems of Koinly

Customizable dashboard: Koinly offers a customizable dashboard that allows users to view and analyze their portfolio metrics in a way that suits their needs. Users can add and remove widgets, charts, and graphs to create a personalized dashboard that highlights the metrics that matter most to them.
Automated transaction classification: Koinly uses advanced algorithms to automatically classify and categorize cryptocurrency transactions, making it easier for users to keep track of their transactions. This feature can save users a lot of time and effort when it comes to record-keeping and tax reporting.
Accurate tax reporting: The software generates accurate tax reports that can be used for tax filing purposes, and it can also generate capital gains reports and other tax-related documents.
Support for multiple cryptocurrencies: Koinly supports over 6,000 cryptocurrencies, making it a versatile and comprehensive accounting solution for cryptocurrency traders.
Portfolio optimization: The software offers portfolio optimization tools that can help users maximize their returns and minimize their risks.

Disadvantages and Limitations of Koinly

Limited customer support: Some users have reported issues with the software’s customer support, with some users experiencing long wait times for responses.
Steep learning curve: Koinly may be challenging for users who are new to cryptocurrency trading and accounting, as the software has a relatively steep learning curve.

4. Cryptio

Pricing: Free Plan Available

Cryptio offers two pricing plans: Standard and Premium. The Standard plan is free and allows users to manage up to 50 transactions per month, with features such as automatic data syncing, real-time tracking, and basic reporting. The Premium plan is priced at €29 per month and includes all the features of the Standard plan, along with additional features such as advanced reporting, multiple user accounts, and custom branding.

Best for Businesses that Accept Cryptocurrency Payments

The software is ideal for businesses that need to manage their cryptocurrency transactions across multiple wallets, exchanges, and platforms.

Cryptio is also suited for businesses that accept cryptocurrency payments, as it can help them manage their accounting and financial reporting requirements.

Highlights and Hidden Gems of Cryptio

Automatic transaction tracking: Cryptio automatically tracks transactions across multiple wallets, exchanges, and platforms, making it easier for users to manage their accounting needs.
Real-time tracking: The software offers real-time tracking of transactions, allowing users to stay up-to-date on their financial activity.
Customizable dashboard: With Cryptio’s customizable dashboard, businesses can access the most critical data and metrics at a glance, enabling them to make informed decisions about their cryptocurrency investments and financial reporting. The customizable dashboard allows users to add and remove widgets, charts, and graphs to create a personalized dashboard highlighting the metrics that matter most to them.
Custom branding: With Cryptio’s custom branding feature, businesses can add their logo, color scheme, and custom domain to the platform, creating a seamless and professional experience for their clients. The custom branding feature is handy for cryptocurrency service providers such as exchanges, wallets, and trading platforms. It allows them to offer a white-label solution that looks and feels like their product. This can help increase brand recognition, build client trust, and differentiate their business from competitors.

Disadvantages and Limitations of Cryptio

Limited customer support: Some users have reported issues with the software’s customer support, with some users experiencing long wait times for responses.
Limited integration options: Cryptio may not integrate with all the software solutions that a business uses, which may require manual data entry or additional tools.

5. CoinLedger

Pricing: Basic Plan is Free, Up to 50 Transactions

CoinLedger offers three pricing plans: Basic, Pro, and Business. The Basic plan is free and allows users to track up to 50 transactions, with features such as tax reports, wallet tracking, and exchange imports. The Pro plan is priced at $49 per year and allows users to track up to 1,000 transactions, with additional features such as advanced tax reports, capital gains reports, and priority support. The Business plan is priced at $499 per year and allows users to track an unlimited number of transactions, with all the features of the Pro plan, along with additional features such as multi-user accounts, custom branding, and a dedicated account manager.

Best for Affordability

CoinLedger is best for cryptocurrency traders, investors, and businesses that need an affordable solution for managing their cryptocurrency transactions and tax reporting needs. The software is ideal for those who have a high volume of cryptocurrency transactions across multiple exchanges and wallets.

Highlights and Hidden Gems of CoinLedger

Automated transaction classification: CoinLedger uses advanced algorithms to automatically classify and categorize cryptocurrency transactions, making it easier for users to keep track of their transactions. This feature can save users a lot of time and effort when it comes to record-keeping and tax reporting.
Comprehensive tax reporting: CoinLedger offers comprehensive tax reporting tools that allow users to generate detailed tax reports for different countries, including the US, UK, and Canada. The platform also provides tax optimization features and tools for tax-loss harvesting.
Real-time market data: CoinLedger provides real-time market data for over 8,000 cryptocurrencies, allowing users to stay up-to-date with the latest market trends and make informed investment decisions.
Portfolio tracking: CoinLedger offers a portfolio tracking feature that allows users to track the performance of their cryptocurrency holdings over time. Users can also view detailed reports on their portfolio’s performance and other metrics.
Exchange integrations: CoinLedger integrates with over 100 exchanges, making it easier for users to track their trades and transactions across multiple exchanges.
Customizable dashboard: CoinLedger offers a customizable dashboard that allows users to view and analyze their portfolio metrics to suit their needs. Users can add and remove widgets, charts, and graphs to create a personalized dashboard highlighting the metrics that matter most to them.

Disadvantages and Limitations of CoinLedger

Limited features: CoinLedger’s features may be limited compared to some other cryptocurrency accounting software solutions, which may not be suitable for users with more advanced accounting needs.
Limited integration options: CoinLedger may not integrate with all the software solutions that a user uses, which may require manual data entry or additional tools.

6. TokenTax

Pricing Starts at $65 Annually

The plans are as follows: Hobbyist, Pro, and Premier. The Hobbyist plan is designed for casual traders and is priced at $65 per year, allowing users to track up to 500 transactions. The Pro plan is designed for active traders and is priced at $199 per year, allowing users to track up to 5,000 transactions. The Premier plan is designed for high-volume traders and is priced at $799 per year, allowing users to track up to 20,000 transactions.

Best for High Volume Traders with Multiple Exchanges

The software is ideal for those who have a high volume of cryptocurrency transactions across multiple exchanges and wallets. TokenTax is also suited for businesses that accept cryptocurrency payments, as it can help them manage their accounting and financial reporting requirements.

Highlights and Hidden Gems of TokenTax

Comprehensive tax reporting: TokenTax provides a comprehensive tax reporting solution, including capital gains reports, Schedule D tax forms, and more, making it easier for users to file their taxes accurately.
Automated transaction classification: TokenTax uses advanced algorithms to automatically classify and categorize cryptocurrency transactions, making it easier for users to keep track of their transactions. This feature can save users a lot of time and effort when it comes to record-keeping and tax reporting.
Exchange integrations: TokenTax integrates with over 20 exchanges and wallets, making it easier for users to track their trades and transactions across multiple platforms.
Real-time tracking: The software offers real-time tracking of transactions, allowing users to stay up-to-date on their financial activity.

Disadvantages and Limitations of TokenTax

Limited features in lower-tier plans: The Hobbyist and Pro plans have limited features compared to the Premier plan, which may not be suitable for users with more advanced accounting needs.
Limited integration options: TokenTax may not integrate with all the software solutions that a user uses, which may require manual data entry or additional tools.

7. CryptoTaxCalculator

Pricing: Free Limited Plan Available

CryptoTaxCalculator’s Basic plan is priced at $49 per year and allows users to track up to 100 transactions. The Pro plan is priced at $99 per year and allows users to track up to 2,500 transactions. The Unlimited plan is priced at $299 per year and allows users to track an unlimited number of transactions. The software also offers a free plan that allows users to track up to 25 transactions, with limited features.

Best for Simplicity

CryptoTaxCalculator is best for cryptocurrency traders, investors, and businesses that need a simple and affordable solution for managing their cryptocurrency transactions and tax reporting needs. The software is ideal for those who have a moderate volume of cryptocurrency transactions across multiple exchanges and wallets.

Highlights and Hidden Gems of CryptoTaxCalculator

Advanced tax reporting: The Pro and Unlimited plans offer advanced tax reporting features such as capital gains reports, Schedule D tax forms, and more, which can help users file their taxes accurately.
Portfolio optimization: The software offers portfolio optimization tools that can help users maximize their returns and minimize their risks.
Automatic exchange imports: CryptoTaxCalculator can automatically import data from more than 40 popular cryptocurrency exchanges, making it easier for users to track their transactions across multiple platforms.
Personalized tax advice: The software offers personalized tax advice from a team of tax experts, which can be useful for users who have complex tax situations.

Disadvantages and Limitations of CryptoTaxCalculator

Limited features: CryptoTaxCalculator’s features may be limited compared to some other cryptocurrency accounting software solutions, which may not be suitable for users with more advanced accounting needs.
Limited customer support: Some users have reported issues with the software’s customer support, with some users experiencing long wait times for responses.

8. TaxBit

Pricing is Based on the Number of Transactions

The plans are as follows: Basic, Premium, and Enterprise. The Basic plan is designed for casual traders and is priced at $19.95 per year, allowing users to track up to 100 transactions. The Premium plan is designed for active traders and is priced at $199.95 per year, allowing users to track up to 10,000 transactions. The Enterprise plan is designed for high-volume traders and is priced on a case-by-case basis, allowing users to track an unlimited number of transactions.

Best for Comprehensive Crypt Transaction Plus Tax Reporting Solution

TaxBit is best for cryptocurrency traders, investors, and businesses that require a comprehensive solution for managing their cryptocurrency transactions and tax reporting needs. The software is ideal for those who have a high volume of cryptocurrency transactions across multiple exchanges and wallets.

Highlights and Hidden Gems of TaxBit

Comprehensive tax reporting: TaxBit provides a comprehensive tax reporting solution, including capital gains reports, Schedule D tax forms, and more, making it easier for users to file their taxes accurately.
Automatic transaction tracking: TaxBit automatically tracks transactions across multiple exchanges and wallets, making it easier for users to manage their portfolios and taxes.
Advanced tax optimization: The software offers advanced tax optimization features that can help users minimize their tax liabilities and maximize their returns.
Accurate tax calculations: TaxBit uses a proprietary algorithm to calculate tax liabilities, ensuring accuracy and reducing the risk of errors.

Disadvantages and Limitations of TaxBit

Limited free plan: The free plan is limited to 10 transactions, which may not be sufficient for users with a high volume of trades.
Limited integration options: TaxBit may not integrate with all the software solutions that a user uses, which may require manual data entry or additional tools.