With cryptocurrencies, taxation often becomes even more difficult than earning. Therefore, in this article we’ll be comparing some of the best crypto tax software. Here’s a comparison table on Koinly vs CoinTracker vs Accointing that you briefly help understand which one of them will be the best for your needs.
What are Crypto Tax Tools?Crypto tax tools facilitate the preparation of your taxes for gains and losses from your cryptocurrency assets.
These tools allow you to estimate profit and loss from cryptocurrency trading and take deductions on expenses.
Additionally, crypto tax tools help you import data from wallets and exchanges, track the price of the crypto assets, and generate tax reports
Koinly vs CoinTracker vs Accointing What is Koinly?Koinly is among the best crypto tax software and was founded in 2018 and worked out of Palo Alto, California. It was built with the intent to automatically track crypto transactions across your exchange accounts and wallet addresses.
It recognizes transfers within your exchange accounts/wallets and keeps all traces of original acquisition costs when you exchange cryptocurrencies.
It also lets you swap between two modes: an investment mode and a tax mode. This will help you to define and calculate the gain or loss for every transaction.
Koinly What is CoinTracker?Based in San Francisco, CoinTracker is one of the best crypto tax softwares among its competitors.
The platform allows clients to stay ahead with crytocurrency tax regulations and differentiates your business from the gold standard in crypto tax compliance.
They also help in educating the company through books, newsletters, and podcasts to learn about whatever you want.
CoinTracker What is Accointing?Accointing by Glassnode is a one-stop solution for all your crypto tax problems. This particular platform offers a wide range of tools. These tools help you to track and manage your crypto taxes in a simple and user-friendly environment.
Moreover, it has flexible features that let you create personalized tax strategies, including a Crypto tax calculator with which you can automatically classify and calculate your crypto tax and a Crypto tracker which tracks your crypto portfolio for insights tools.
Accointing by Glassnode Koinly vs CoinTracker vs Accointing: Features Koinly FeaturesYes, Koinly is completely safe to use as it encrypts the API keys using aes-256-gcm before storing them. Further, services and data are hosted on Heroku, an application that applies security checks at each layer to protect the customers from threats.
Only authorized employees, who require the data for their job, can access customers’ data. Further, Koinly performs pen tests and vulnerability scanning through third-party security tools.
Additional security checks by Koinly include Security and Awareness training annually for employees, a detailed set of security policies, Confidentiality contracts that employees have to sign, etc.
VISIT KOINLY Is CoinTracker Safe?Yes, Cointracker is safe to use as it does not ask for access to your wallet’s private keys. All exchanges have read-only access to your API keys on the exchange accounts. In addition, all API keys are kept encrypted & securely stored.
Further, the website server is protected by implementing SSL (HTTPS). CSRF attacks are prevented by verifying the authenticity of POST, PUT, and DELETE requests and implementing SQL injection filters.
Vulnerability detection and annual penetration tests are conducted regularly by third-party security checks. Further, the platform supports two-factor authentication and is SOC 2 compliant certified.
VISIT COINTRACKER Is Accointing Safe?Yes, Accointing by Glassnode is safe to use as it secures inter-service or client/server communication with SSL. Further, to simplify the complexity of the platform, it uses Identity authentication and management through OAuth, an open-standard authorization protocol.
You will be able to export your data from the platform at any time with no restriction. If you decide to delete your account, all your data is totally erased from its databases.
VISIT ACCOINTING Koinly vs CoinTracker vs Accointing: Pricing Koinly PricingAlthough Koinly is among the best crypto tax softwares, it offers competitive pricing when compared to other platforms. Further, it allows a lifetime free trial period without the need for submission of your credit cards.
Koinly Pricing CoinTracker PricingCoinTracker has four different types of pricing editions which are mentioned below:
CoinTracker Pricing Accointing PricingFrom our list, Accointing by Glassnode is the one that provides the most accessible prices in the market with free transaction reports. It also includes transaction features. There are 4 plans offered by this platform.
Accointing Pricing Koinly vs CoinTracker vs Accointing: Customer Care and Support Koinly Customer SupportThe users have a live chat box to contact the Koinly team. You can also reach out to them at their email address at [email protected]. Also, you can get acquainted with the various resources to solve the issue and problems, including blogs on the latest news and advice on cryptocurrency taxes. Further, Koinly also has social media handles like LinkedIn or Twitter.
Koinly Customer Support CoinTracker Customer SupportCoinTracker is available on most social media platforms for its users to reach out to Telegram and Reddit. In addition, you can also become a part of the platform’s community, frequently asked questions, tax guides, IRS Letter Guides, and blogs. So it solves the problem of its users by offering them various educational resources.
Accointing Customer SupportYou can reach out to Accointing’s team on various social media platforms, including Twitter, Discord, and Instagram. You can also file a request regarding your issue. Furthermore, the platform also offers a Crypto 101 guide, Crypto Tax guide, and Blogs. Moreover, you can also become a part of the Accointing by Glassnode community.
Koinly vs CoinTracker vs Accointing: Mobile Application Koinly AppKoinly has a mobile app for iOS and Android devices that provides all the features and products. Koinly mobile application has a smooth and easy-to-use design, making it suitable for most users.
CoinTracker AppCoinTracker also empowers its users with a crypto tax app that can be accessed by iOS and Android devices. You can also visualize how your cryptocurrency moves between wallets and exchanges. Besides, you can see all of your transactions in one place through the CoinTracker app.
Accointing AppAccointing by Glassnode has a mobile application for both iOS and Android devices and provides the most affordable and user-friendly crypto tracking platform. It offers you a personalized dashboard with straightforward but insightful graphics to get the real value of your data.
Koinly vs CoinTracker vs Accointing: ConclusionUndoubtedly, there is cutthroat competition for the best crypto tax software in this crypto era. They are constantly evolving, adding new features and providing one look into your tax liabilities spread across multiple wallets and exchanges.
However, as a conclusion to this article, we believe that Koinly might be the best crypto tax software for you out there. It comes with a tons of features, guides, tutorials, and also has a free version. To learn more, you can read out Koinly review.
Frequently Asked Questions How to track cryptocurrency for taxes?You can use a number of platforms to track your cryptocurrency for taxes, including Koinly, CoinTracker, and Accointing, according to your needs.
Is CoinTracker good for taxes?Yes, CoinTracker is an excellent platform for filing and tracking taxes. It allows the clients to stay ahead with virtual currency tax regulations, and differentiates the user’s business from the gold standard in crypto tax compliance.
Is Accointing legit?Yes, Accointing by Glassnode is legit. It is a one-stop solution for all your crypto tax problems. This particular platform offers a wide range of tools to help you track and manage your crypto taxes in a simple and user-friendly environment.
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