Software Alternatives & Reviews

Bitcoin.Tax VS TaxBit

Compare Bitcoin.Tax VS TaxBit and see what are their differences

Bitcoin.Tax logo Bitcoin.Tax

Bitcoin.Tax is an online digital cryptocurrency platform that allows customers to get balanced reports between the earned profit and expenditures with tax deduction details for managing the wallet-based assets.

TaxBit logo TaxBit

TaxBit is an advanced intelligence-based platform that allows getting the detailed overview of tax reports by interacting with digital cryptocurrency rates like Bitcoin, Ethereum, BlockFi, Coinbase, Gemini, and many more with easy-to-use exchanging …
  • Bitcoin.Tax Landing page
    Landing page //
    2023-08-29
  • TaxBit Landing page
    Landing page //
    2022-06-01

Bitcoin.Tax videos

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TaxBit videos

Crypto Tax Tips 2021 — Taxbit Crypto Tax Software Review

More videos:

  • Review - Crypto Taxes Made Simple | Taxbit Review & Interview w/ Austin Woodward

Category Popularity

0-100% (relative to Bitcoin.Tax and TaxBit)
Fintech
47 47%
53% 53
Cryptocurrencies
51 51%
49% 49
Crypto
52 52%
48% 48
Finance
49 49%
51% 51

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Bitcoin.Tax and TaxBit

Bitcoin.Tax Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
BitcoinTaxes represents one of the market’s cheapest options for cryptocurrency capital gains tax reporting and computing. The platform is suitable for traders, investors, businesses, and tax professionals. BitcoinTaxes also provides a unique data processing service, where data analysts can help convert CSVs, import data, analyse results, and more.
Source: blockonomi.com
14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
BitcoinTaxes lets you calculate your crypto taxes with FIFO and specific identification accounting methods.
Source: geekflare.com

TaxBit Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
TaxBit is a popular cryptocurrency tax platform that was designed by a series of tax attorneys and certified public accountants. Over its years of service, the platform has served thousands of users, thanks to its array of features that include a full audit trail, optimized taxes, the ability to claim capital losses, and more.
Source: blockonomi.com
14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
TaxBit is integrated with 500+ crypto exchanges, wallets, and DeFi platforms. This crypto has native support only for taxpayers of the United States. However, the platform states that anyone with similar tax regimes can use it.
Source: geekflare.com
15 Best Koinly Alternatives 2022
TaxBit is a complete tax and accounting solution for your digital assets. It is similar to Koinly, just that it helps you achieve compliance and accuracy while operating at a scale of a Big Four grade self-service solution.

Social recommendations and mentions

Based on our record, Bitcoin.Tax should be more popular than TaxBit. It has been mentiond 106 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Bitcoin.Tax mentions (106)

  • Coinbase profit/loss completely incorrect
    Not an ad but I use bitcoin.tax. Works like a chart. Note, coinbase.com is different exchange than 'coinbase pro' so if you used both, then you need to set up separate API keys at both and then import both (separately) to your tax software. Source: about 1 year ago
  • Small bitcoin mining hobby and filing taxes
    I filed a separate Sch C for mining. I used bitcoin.tax to automatically calculate the gross income by inputting my public address (you have to pay tax on the value at the time it was mined). Tracked my hardware costs and electricity usage costs and listed them as expenses. I used the De Minimis Safe Harbor election since all my hardware costs we less than $2500 per item so that I didn't have to calculate... Source: about 1 year ago
  • Missing cost basis from Coinbase Pro auto-migration to Coinbase
    I use bitcoin.tax last couple years. Source: about 1 year ago
  • Cant upload Gemini transaction history and grow history into any crypto tax software
    Ive tried (and paid for) bitcoin.tax, cointracker and taxbit. It will not accept my gemini info for grow/earn no matter what I do. Has anyone found a way to do this? Source: about 1 year ago
  • Coinbase Pro API Still Operationable?
    Yes, it's still working and pulling data from 2022. We use it at bitcoin.tax and have customers importing their data fine at the moment. Source: over 1 year ago
View more

TaxBit mentions (15)

  • BlockFi 1099B for Tax Year 2022 has inflated value of Proceeds
    If I use the information generated by TaxBit.com, then will I be audited by the IRS, and if so, which side the IRS will side with? Source: about 1 year ago
  • Tax Forms
    Hi there, thank you for visiting our sub! We unfortunately don't have the option to mail the tax forms, but they can be downloaded and printed out directly from the app. In addition, we don't generate tax forms for your Crypto account, but we do provide the CSV file with all of your transactions for the calendar year. To help with reporting your Crypto gains and losses on your taxes, we've partnered with TAXbit.... Source: about 1 year ago
  • Is it legal for US persons to buy or own $IMX?
    Yes, you can own IMX in the US. Use cointracker.io or https://taxbit.com/ to track your transactions and taxes due for the US. Source: over 1 year ago
  • Monthly subscription Tax company failed to file my taxes on time and forces me to stay paying 6 more months
    That's ridiculous. You should have signed a contract before handing over your files. If you were going to end up filing your taxes by yourself even after hiring their services, don't you think you should have tried tax tools? That could have saved your time, money, and energy. There are a lot of tools out in the market like TaxBit and Cointelli and pretty much easy to use. I can't give any particular advice to you... Source: almost 2 years ago
  • Need Help regarding Crypto Tax
    Hey! This is a great article that breaks down the Crypto Tax as a whole and the current laws in the US. TaxBit makes crypto taxes super easy and they have a free plan option for you to try it out first before downloading your tax forms. I used it this year for my taxes and saved myself so much time! Source: almost 2 years ago
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What are some alternatives?

When comparing Bitcoin.Tax and TaxBit, you can also consider the following products

Koinly - Koinly is the easiest way to monitor your crypto activity & file your taxes.

Coinpanda - Calculate & file tax reports for Bitcoin and cryptocurrencies. Made for traders and investors.

TokenTax - Crypto taxes made easy. TurboTax for cryptocurrency.

ZenLedger - Automated IRS tax calculation & forms for crypto investors

CryptoTrader.Tax - Tax software for cryptocurrency

Blockpit - Keep track of your crypto portfolio & taxes in one place