Coinbase VS 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 …

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2018-09-30

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2022-06-01

Coinbase Commerce vs Bitpay Merchant Services - The Ultimate Crypto Payment Gateway

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Crypto Tax Tips 2021 — Taxbit Crypto Tax Software Review

Category Popularity

0-100% (relative to Coinbase and TaxBit)

Coinbase

TaxBit

Cryptocurrencies

97 97%

Cryptocurrencies

3% 3

Fintech

0 0%

Fintech

100% 100

Crypto

96 96%

Crypto

4% 4

Cryptocurrency Wallets

100 100%

Cryptocurrency Wallets

0% 0

User comments

Share your experience with using Coinbase and TaxBit. For example, how are they different and which one is better?

Reviews

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

Coinbase Reviews

shah7

| Admin at Coin Master | over 1 year ago

Coinbase is Love
One of the main benefits of Coinbase is its extensive security measures, which include offline storage for a majority of the company's cryptocurrency holdings and advanced security measures for online storage. Additionally, Coinbase is licensed and regulated by several financial authorities, which helps to provide users with a certain level of confidence in the security of their funds.

Best Crypto Payment Gateways 2024

– Real-time Conversion: Coinbase Commerce offers real-time conversion of cryptocurrencies into fiat currency, mitigating price volatility concerns for merchants. This feature enables seamless transactions without the need for manual conversions or additional steps.

Source: bitcoinist.com

9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]

Coinbase Commerce allows small and medium scale businesses to accept crypto payments from customers. Being one of the best crypto exchange platforms, Coinbase supports a wide range of cryptocurrencies. Its Coinbase Pro platform has advanced features to serve professional traders. Businesses can create invoices, simple hosted checkouts, and Coinbase payment buttons using this...

Source: coingape.com

Top Crypto and Bitcoin Payment Processors - Accept Digital Currencies

Moreover, Coinbase Commerce charges only a 1% transaction fee, which is insignificant compared to the benefits it provides. It’s important to mention here that Coinbase Commerce offers the first US$1 million worth of transactions for free, making it one of the cheapest payment processors available today. All in all, if you’re seeking a professional and reliable payment...

Source: originstamp.com

6 Best Coinbase Alternatives for 2022

Coinbase opens the door to the world of cryptocurrencies for many investors. It focuses on simplicity, providing easy access to over 100 cryptocurrencies through a well-designed app, where users buy, sell, and exchange crypto with ease.

Source: investingintheweb.com

Best Crypto Exchanges in Europe in 2022 (Ranked and Reviewed)

While Coinbase is known for its simplicity, the platform has higher transaction fees than its competitors. Users also tend to complain about its customer service, saying that it is hard to contact other humans, with the service being primarily automated. Finally, Coinbase Europe is not a regulated financial service provider for digital currency services.

Source: investingintheweb.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.

Source: rigorousthemes.com

Social recommendations and mentions

Based on our record, Coinbase seems to be a lot more popular than TaxBit. While we know about 454 links to Coinbase, we've tracked only 15 mentions of TaxBit. 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.

Coinbase mentions (454)

Ask HN: Who is hiring? (June 2024)
- We move at the pace of a startup, with value to full stack skillset, shipping fast, total ownership - Senior Product Manager, ideally ex-engineer, who has built API products before and written documentation - Engineering Manager for our Commerce team ( https://commerce.coinbase.com/ ) Send your github or resume to nemil.dalal+hn /at Coinbase's domain name. - Source: Hacker News / 15 days ago
reset password email never shows
I have been trying to regain access to my account FOR OVER TWO FUCKING YEARS... The website only leads me in circles with no resolution, the reset password email NEVER shows up.. Yes I have checked my spam folder, yes I have searched for @coinbase.com in my emails search bar, yes I have contacted my email service provider whom states they cant even locate the emails being sent... I just need to reset my password... Source: 6 months ago
Over $50k was stolen from my account!!!
Late (2am) on the 26th, I received 3 text messages indicating the BTC (and ETH) being sent from my account are being delayed for security reasons. The text had a link (to a coinbase.com domain) to disable my account by clicking on the link. I did so for all 3 transactions (no login was required as it was a token based string) at around 6am when I saw the texts. Source: 9 months ago
Accept Term problem
I got an e-mail that my account will be discontinued on Sept 25, and I should withdraw my funds. But after log in, I'm stuck on accept term, using app mobile, coinbase.com (firefox, google chrome , and safari) I tried also to connect to VPN but nothing happens. Source: 9 months ago
Withdrawing money from Binance in the UK - how?
I do have an existing Coinbase.com account if that makes any difference? Source: 9 months ago

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: about 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: about 2 years ago