8 Best Crypto Accounting Software

As the popularity of cryptocurrencies continues to rise, so does the need for reliable and efficient crypto accounting software. With so many different cryptocurrencies and transactions to track, managing accounting and tax obligations for digital assets can quickly become overwhelming for individuals and businesses alike. Thankfully, there are several crypto accounting software solutions available that can make this process much more manageable. In this article, we’ll be exploring the top 8 best crypto accounting software options on the market, highlighting their unique features, pricing, and best use cases for individuals and businesses looking to streamline their cryptocurrency accounting and tax management.

Best Crypto Accounting Software

1. CoinTracking
2. Koinly 
3. Accointing 
4. CryptoTaxCalculator 
5. Kryptoskatt 
6. TokenTax 
7. TaxBit 
8. ZenLedger 

1. CoinTracking

Pricing Starts at $179.99/year

CoinTracking offers several pricing plans, ranging from a free limited version to paid plans with more advanced features. The paid plans range from $179.99 to $3,499.99 per year.

Best for Tracking Multiple Cryptocurrencies

CoinTracking is best suited for cryptocurrency traders and investors who need a software solution to help them manage their portfolios, generate tax reports, and stay on top of their accounting and financial management. It is ideal for businesses and individuals tracking multiple cryptocurrencies, trades, and exchanges.

Highlights and Hidden Gems of CoinTracking

• Portfolio Management – CoinTracking lets users track their cryptocurrency portfolio, including trades, balances, and profits/losses. This feature helps users keep track of their cryptocurrency holdings and make informed decisions about their investments.
• Tax Reporting – CoinTracking generates tax reports for cryptocurrency trades, making it easy for users to report their gains and losses to tax authorities. The software supports several tax methods, including FIFO, LIFO, and HIFO.
• Exchange Integration – CoinTracking integrates with over 70 cryptocurrency exchanges, making it easy for users to track their trades across different exchanges. This feature includes automatic data imports, API integrations, and manual CSV file uploads.
• Analytics – CoinTracking provides users with several analytical tools to help them make informed investment decisions. This feature includes profit/loss reports, performance charts, and cost-basis analyses.
• Multi-Language Support – CoinTracking supports over 25 different languages, making it an excellent option for users from all around the world.
• ICO Tracking – CoinTracking allows users to track their ICO investments and generate reports for tax purposes. This feature can be handy for individuals and businesses that have invested in ICOs and must report these investments for tax purposes.
• Coin Trends – CoinTracking provides users with an overview of trends in the cryptocurrency market, including market capitalization, trading volume, and price changes. This feature can help users make informed investment decisions and identify new opportunities.

Disadvantages and Limitations of CoinTracking

• Steep Learning Curve – CoinTracking can have a steep learning curve for new users, and some may need to invest time and resources in learning how to use the software effectively.
• Limited Customer Support – CoinTracking’s customer support options are limited compared to other accounting software options. Users may need to rely on the software’s knowledge base and community forum to find answers to their questions.

2. Koinly 

Pricing: Free Plan Available

Koinly offers several pricing plans, ranging from a free limited version to paid plans with more advanced features. The cost of the paid plans ranges from $79 to $399 per year.

Best for Streamlining and Reducing Errors

Koinly is a good option for crypto accounting because of its range of features that help users manage their cryptocurrency portfolios, generate tax reports, and stay on top of their accounting and financial management. Its automation capabilities, exchange integration, and tax reporting features make it a valuable tool for businesses and individuals looking to streamline their crypto accounting processes and reduce errors.

Highlights and Hidden Gems of Koinly 

• Tax Reporting – Koinly generates tax reports for cryptocurrency trades, making it easy for users to report their gains and losses to tax authorities. The software supports several tax methods, including FIFO, LIFO, and HIFO.
• Exchange Integration – Koinly integrates with over 6,000 cryptocurrency exchanges and wallets, making it easy for users to track their trades across different platforms. This feature includes automatic data imports, API integrations, and manual CSV file uploads.
• Automated Classification – Koinly automatically classifies cryptocurrency trades based on user-defined rules, saving time and reducing errors. This feature includes a range of predefined rules, and users can create their own rules based on their specific needs.
• Portfolio Management – Koinly allows users to track their cryptocurrency portfolio in real-time, including trades, balances, and profits/losses. This feature helps users keep track of their cryptocurrency holdings and make informed decisions about their investments.
• Analytics – Koinly provides users with several analytical tools to help them make informed investment decisions. This feature includes profit/loss reports, performance charts, and cost-basis analyses.

Disadvantages and Limitations of Koinly 

• Limited Customer Support – Koinly’s customer support options are limited compared to other accounting software options. Users may need to rely on the software’s knowledge base and community forum to find answers to their questions.
• Limited Third-Party Integration – Koinly may not integrate with all third-party software applications that users regularly use, which may require additional customization.

3. Accointing 

Pricing: Free Version Available

The software offers several pricing plans, ranging from a free limited version to paid plans with more advanced features. The cost of the paid plans ranges from $39 to $599 per year.

Best for Beginners

Accointing is an excellent choice for beginners who are just starting with cryptocurrency accounting and portfolio management for several reasons. Accointing has a user-friendly interface that makes it easy for beginners to navigate the software. The platform’s intuitive design and simple layout make it easy to track and manage cryptocurrency transactions, even for users with no accounting or financial management experience. Also, Accointing provides a range of educational resources, including video tutorials and a knowledge base, to help beginners learn about cryptocurrency accounting and portfolio management.

Highlights and Hidden Gems of Accointing 

• Tax Reporting – Accointing generates tax reports for cryptocurrency trades, making it easy for users to report their gains and losses to tax authorities. The software supports several tax methods, including FIFO, LIFO, and HIFO.
• Smart Wallets – Accointing’s Smart Wallets feature allows users to track their cryptocurrency transactions automatically, even if they do not have the exact transaction details. This feature uses algorithms to track deposits and withdrawals from wallets, exchanges, and other sources, making it easy to keep track of all crypto activity.
• Performance Tracking – Accointing offers a range of analytical tools to help users track the performance of their cryptocurrency portfolios over time. This feature includes performance charts, profit/loss reports, and cost-basis analyses, making it easy to evaluate the performance of individual assets and the portfolio as a whole.
• Labeling – Accointing allows users to label their transactions and assets, making it easy to categorize and group transactions by user-defined labels. This feature can save time and make it easier to track specific transactions or categories of transactions.
• Exchange Integration – Accointing integrates with over 300 cryptocurrency exchanges and wallets, making it easy for users to track their trades across different platforms. This feature includes automatic data imports, API integrations, and manual CSV file uploads.
• Automated Classification – Accointing automatically classifies cryptocurrency trades based on user-defined rules, saving time and reducing errors. This feature includes a range of predefined rules, and users can create their own rules based on their specific needs.
• Portfolio Management – Accointing allows users to track their cryptocurrency portfolio in real-time, including trades, balances, and profits/losses. This feature helps users keep track of their cryptocurrency holdings and make informed decisions about their investments.
• Security – Accointing takes data security very seriously and uses state-of-the-art encryption technology to protect user data. The software also offers two-factor authentication, API key restrictions, and other security measures to ensure user data is safe and secure.

Disadvantages and Limitations of Accointing 

• Limited Customer Support – Accointing’s customer support options are limited compared to other accounting software options. Users may need to rely on the software’s knowledge base and community forum to find answers to their questions.
• Limited Third-Party Integration – Accointing may not integrate with all third-party software applications that users use regularly, which may require additional customization.
• Limited Mobile App – Accointing’s mobile app is limited compared to other software options, and users may need to use the web app for more advanced features.

4. CryptoTaxCalculator 

Pricing: Starts at $49/year

CryptoTaxCalculator offers several pricing plans, including a free trial for up to 10 transactions, and paid plans that range from $49 to $399 per year depending on the number of transactions that need to be calculated.

Best for Complex Tax Calculations

CryptoTaxCalculator is designed to handle complex tax situations, such as those involving large volumes of cryptocurrency trades across multiple exchanges and wallets. The software supports over 4,500 cryptocurrencies, which is more than most other tax software options, making it a good option for users with diverse cryptocurrency portfolios. The platform’s detailed tax reporting options also allow users to generate tax reports that comply with a range of tax methods, including specific identification, average cost, and first-in, first-out (FIFO).

Highlights and Hidden Gems of CryptoTaxCalculator 

• Automated Tracking – CryptoTaxCalculator can automatically import cryptocurrency trades from over 300 cryptocurrency exchanges and wallets, making it easy to track trades across different platforms.
• Tax Reporting – CryptoTaxCalculator generates tax reports for cryptocurrency trades that comply with a range of tax methods, ensuring that users can generate accurate tax reports that meet their specific tax obligations.
• Integration – CryptoTaxCalculator integrates with a range of other financial and accounting software applications, making it easy to transfer data between different platforms and streamline workflows.
• Cryptocurrency Analysis – CryptoTaxCalculator provides users with detailed cryptocurrency analysis, including performance tracking, cost-basis analyses, and profitability metrics, making it easier to evaluate the performance of cryptocurrency portfolios and make informed investment decisions.
• Tax-loss harvesting: The software provides a tool that helps users optimize their tax bill by offsetting gains with losses.
• Multi-year reports: CryptoTaxCalculator allows users to generate multi-year tax reports that summarize their gains and losses for up to 10 years, making it easy to see the big picture of their investment activities.

Disadvantages and Limitations of CryptoTaxCalculator 

• Limited Exchange Integration – Although CryptoTaxCalculator supports over 300 cryptocurrency exchanges and wallets, it may not integrate with all exchanges, making it difficult for users with accounts on less common exchanges to import their data.
• Complexity – The complexity of the platform may be overwhelming for users who are new to cryptocurrency accounting and tax calculations.
• Limited Support – CryptoTaxCalculator’s customer support options are limited compared to other software options, which may be frustrating for users who need more help.

5. Kryptoskatt 

Pricing: Free Plan Available

Kryptoskatt offers a range of pricing plans, including a free plan for users with up to 30 cryptocurrency transactions and paid plans that range from 199 SEK to 599 SEK per year, depending on the number of transactions that need to be calculated.

Best for Swedish Traders

Kryptoskatt is best for cryptocurrency traders and investors in Sweden who need to calculate and report their cryptocurrency gains and losses to the Swedish Tax Agency. The software is designed to comply with Swedish tax laws and regulations, making it a good option for users who need to generate tax reports that meet Swedish tax obligations.

Highlights and Hidden Gems of Kryptoskatt 

• Automated Tracking – Kryptoskatt automatically tracks cryptocurrency transactions, making importing data from cryptocurrency exchanges and wallets easy.
• Tax Reporting – Kryptoskatt generates tax reports for cryptocurrency trades that comply with Swedish tax laws and regulations, ensuring users can generate accurate tax reports that meet their specific tax obligations.
• Integration – Kryptoskatt integrates with several cryptocurrency exchanges and wallets, making transferring data between platforms and streamlining workflows easy.
• Customizable Reporting – Kryptoskatt allows users to customize their tax reports and select which data they want to include, making generating reports that meet their specific tax obligations easy.
• Local Support – Kryptoskatt provides local customer support in Sweden, making it easy for users to get help with any issues or questions.

Disadvantages and Limitations of Kryptoskatt 

• Limited Geographical Coverage – Kryptoskatt is designed specifically for users in Sweden, which may limit its usefulness for users in other countries.
• Limited Cryptocurrency Support – Kryptoskatt currently supports a limited number of cryptocurrencies, which may be a disadvantage for users with diverse cryptocurrency portfolios.

6. TokenTax 

Pricing: Paid Plans Start at $65/year

TokenTax offers several pricing plans, including a free trial for up to 25 transactions and paid plans that range from $65 to $3,499 per year, depending on the number of transactions that need to be calculated.

Best for Divers Portfolio Holders

TokenTax is best for cryptocurrency traders and investors who need a comprehensive solution for managing their cryptocurrency portfolios and complying with tax laws. The software is designed to handle a range of cryptocurrency tax situations, making it a good option for users with diverse portfolios and complex tax situations.

Highlights and Hidden Gems of TokenTax 

• Automated Tracking – TokenTax can automatically import cryptocurrency transactions from over 40 cryptocurrency exchanges and wallets, making tracking trades across different platforms easy.
• Tax Reporting – TokenTax generates tax reports for cryptocurrency trades that comply with a range of tax methods, ensuring that users can generate accurate tax reports that meet their specific tax obligations.
• Portfolio Analysis – TokenTax provides users with detailed cryptocurrency portfolio analysis, including performance tracking, cost-basis analyses, and profitability metrics, making it easier to evaluate the performance of cryptocurrency portfolios and make informed investment decisions.
• Multi-Country Support – TokenTax supports tax reporting in over 40 countries, making it an ideal solution for users who trade cryptocurrencies across borders.
• Customizable Reporting – TokenTax allows users to customize their tax reports and select which data they want to include, making generating reports that meet their specific tax obligations easy.

Disadvantages and Limitations of TokenTax 

• Complexity – The complexity of the platform may be overwhelming for users new to cryptocurrency accounting and tax calculations.
• Limited Customer Support – TokenTax’s customer support options are limited, which may be frustrating for users who need more help.
• Limited Exchange Integration – Although TokenTax supports over 40 cryptocurrency exchanges and wallets, it may not integrate with all exchanges, making it difficult for users with accounts on less common exchanges to import their data.

7. TaxBit 

Pricing: $49/year

TaxBit offers several pricing plans, including a free trial for up to 100 transactions, and paid plans that range from $49 to $399 per year depending on the number of transactions that need to be calculated.

Best for Tax Planning

TaxBit is particularly useful for tax planning because it offers users a range of tools and features that make it easy to calculate and report their cryptocurrency gains and losses accurately.

TaxBit offers tax planning tools that allow users to forecast their future tax liability based on their current cryptocurrency holdings and trading history. This can be particularly helpful for users who are planning to make significant cryptocurrency trades, as it can give them a better understanding of the potential tax implications of their trades.

Highlights and Hidden Gems of TaxBit 

• Automated Tracking – TaxBit can automatically import cryptocurrency transactions from over 300 cryptocurrency exchanges and wallets, making it easy to track trades across different platforms.
• Tax Reporting – TaxBit generates tax reports for cryptocurrency trades that comply with a range of tax methods, ensuring that users can generate accurate tax reports that meet their specific tax obligations.
• Audit Defense – TaxBit offers audit defense services, which can be helpful for users who are concerned about potential tax audits or who have been audited in the past.
• Integration – TaxBit integrates with a range of other financial and accounting software applications, making it easy to transfer data between different platforms and streamline workflows.
• Customizable Reporting – TaxBit allows users to customize their tax reports and select which data they want to include, making it easy to generate reports that meet their specific tax obligations.

Disadvantages and Limitations of TaxBit 

• Complexity – The complexity of the platform may be overwhelming for users who are new to cryptocurrency accounting and tax calculations.
• Limited Customer Support – TaxBit’s customer support options are limited, which may be frustrating for users who need more help.

8. ZenLedger 

Pricing Starts at $20/year

ZenLedger offers several pricing plans, including a free trial for up to 25 transactions and paid plans that range from $20 to $999 per year, depending on the number of transactions that need to be calculated.

Best for Tax Professionals

ZenLedger is a great option for tax professionals because it offers a range of features and tools that can help them efficiently manage their clients’ cryptocurrency tax reporting and compliance needs.

Highlights and Hidden Gems of ZenLedger 

• Automated Tracking – ZenLedger can automatically import cryptocurrency transactions from over 400 cryptocurrency exchanges and wallets, making it easy to track trades across different platforms.
• Tax Reporting – ZenLedger generates tax reports for cryptocurrency trades that comply with a range of tax methods, ensuring that users can generate accurate tax reports that meet their specific tax obligations.
• Capital Gains Optimization – ZenLedger offers capital gains optimization tools that help users maximize their tax benefits by identifying opportunities to offset gains with losses.
• Portfolio Analysis – ZenLedger provides users with detailed cryptocurrency portfolio analysis, including performance tracking, cost-basis analyses, and profitability metrics, making it easier to evaluate the performance of cryptocurrency portfolios and make informed investment decisions.
• Multi-Country Support – ZenLedger supports tax reporting in over 40 countries, making it an ideal solution for users who trade cryptocurrencies across borders.

Disadvantages and Limitations of ZenLedger 

• Complexity – The complexity of the platform may be overwhelming for users who are new to cryptocurrency accounting and tax calculations.
• Limited Customer Support – ZenLedger’s customer support options are limited, which may be frustrating for users who need more help.