Software Alternatives & Startups

CoinFriendly VS Blockpit

Compare CoinFriendly VS Blockpit and see what are their differences

CoinFriendly logo CoinFriendly

CoinFriendly was created to help people from across the globe discover businesses that transact using cryptocurrency around them.

Blockpit logo Blockpit

Keep track of your crypto portfolio & taxes in one place
  • CoinFriendly Landing page
    Landing page //
    2022-07-14
  • Blockpit Landing page
    Landing page //
    2023-06-27

CoinFriendly features and specs

  • User-Friendly Interface
    CoinFriendly offers an intuitive and easy-to-navigate interface, making it accessible for both beginners and seasoned cryptocurrency users.
  • Wide Range of Cryptocurrencies
    The platform supports a diverse array of cryptocurrencies, allowing users to explore and invest in various digital assets.
  • Security Features
    CoinFriendly emphasizes security with features such as two-factor authentication and encryption to protect user data and assets.
  • Educational Resources
    The platform provides a wealth of educational materials and resources, enabling users to enhance their knowledge about cryptocurrencies and blockchain technology.

Possible disadvantages of CoinFriendly

  • Limited Customer Support
    Some users have reported that customer support can be slow to respond, which might be frustrating in urgent situations.
  • Fees Structure
    The fee structure of CoinFriendly might be complex or higher compared to some competitors, which could affect frequent traders.
  • Regional Restrictions
    Certain features or the platform itself might not be available in all regions, limiting access for some potential users.
  • New Platform Concerns
    As a relatively new platform, there may be concerns about its long-term reliability and reputation in the rapidly evolving cryptocurrency market.

Blockpit features and specs

  • Comprehensive Tracking
    Blockpit offers comprehensive tracking of cryptocurrency transactions, ensuring accurate and detailed records for tax purposes.
  • Automatic API Sync
    The platform allows users to sync their transactions automatically via API integrations with multiple exchanges, reducing manual effort and potential errors.
  • Tax Reports
    Blockpit generates tax reports that comply with local regulations, simplifying the filing process for users.
  • User-friendly Interface
    The platform has an intuitive and straightforward interface, making it accessible even to those who aren’t tech-savvy.
  • Real-time Data
    Blockpit provides real-time tracking and updates on your cryptocurrency portfolio, allowing for timely decision-making.
  • Security
    The platform uses high-grade security measures to protect user data and privacy.

Possible disadvantages of Blockpit

  • Pricing
    Blockpit can be relatively expensive compared to other similar platforms, which might be a drawback for some users.
  • Limited Free Tier
    The free tier has limited functionalities, which may not meet the needs of all users.
  • Exchange Compatibility
    While Blockpit supports a variety of exchanges, it may not cover all exchanges, potentially requiring some users to input data manually.
  • Learning Curve
    Despite its user-friendly interface, new users might still require some time to fully understand all available features and functionalities.
  • Geographical Limitations
    Some features or tax report templates might be optimized for specific regions, limiting utility for users from other areas.

Analysis of Blockpit

Overall verdict

  • Blockpit is generally regarded as a reliable and efficient tool for managing cryptocurrency taxes. Its ability to quickly and accurately process a large volume of transactions sets it apart in the tax software market.

Why this product is good

  • Blockpit is considered a good platform because it offers automated tracking of cryptocurrency transactions for tax purposes. It provides comprehensive reporting tools that help users comply with tax regulations. The platform supports integration with various exchanges and wallets, making it a versatile option for crypto investors. Users often highlight its user-friendly interface and the ease of generating tax reports.

Recommended for

    Blockpit is recommended for cryptocurrency investors and traders who need a streamlined solution for managing their tax obligations. It's particularly useful for those who engage in frequent trading or use multiple exchanges and wallets, as well as accountants who manage crypto portfolios for clients.

CoinFriendly videos

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Blockpit videos

BITCOIN vs STEUERN - 2 Trackingplattformen im Vergleich. CoinTracking.info und blockpit.io im Test

More videos:

  • Tutorial - How to migrate your Accointing data to Blockpit - Tutorial
  • Tutorial - Bitpanda Taxes Discount Promotion - Blockpit Tutorial 2023
  • Tutorial - Bitvavo Crypto Tax Reporting Made Easy - Blockpit Tutorial 2023

Category Popularity

0-100% (relative to CoinFriendly and Blockpit)
Crypto
16 16%
84% 84
Fintech
14 14%
86% 86
Cryptocurrencies
15 15%
85% 85
Payments
100 100%
0% 0

User comments

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Reviews

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

CoinFriendly Reviews

We have no reviews of CoinFriendly yet.
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Blockpit Reviews

15 Best Koinly Alternatives 2022
Blockpit is a crypto tax tool like Koinly that lets you calculate crypto taxes for your entire portfolio. This software is worth considering as it is fast, reliable, and 100% compliant. Full compliance is what makes Blockpit stand out against Koinly.

Social recommendations and mentions

Based on our record, Blockpit seems to be more popular. It has been mentiond 12 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.

CoinFriendly mentions (0)

We have not tracked any mentions of CoinFriendly yet. Tracking of CoinFriendly recommendations started around Oct 2021.

Blockpit mentions (12)

  • Experience with crypto tax software?
    I am part of the Blockpit team - a crypto tax software startup based in Austria (https://blockpit.io/). We are dedicated to enhancing our product based on valuable feedback from savvy crypto users, especially from the UK. Source: over 3 years ago
  • Taxes help
    Some options are https://blockpit.io and lila’s ledger https://dfkreport.cognifact.com/. Source: over 3 years ago
  • Hey guys, found this resource for bitpanda users and thought it might help some of you out!
    Maybe if you don't know it already give it a try :) blockpit. Source: about 4 years ago
  • Blockpit is now free for Bitpanda transactions!
    Every Bitpanda user can now use blockpit.io free of charge for all bitpanda transactions. Doing your taxes just got cheaper and easier :). Source: over 4 years ago
  • Cryptocurrency Laws in Germany
    If you are staking and depending on which chain, blockpit.io works better for me. Source: over 4 years ago
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What are some alternatives?

When comparing CoinFriendly and Blockpit, you can also consider the following products

Accept Crypto - Find out if a company or website accepts Cryptocurrency.

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

Accepting - All the places that let you pay with Bitcoin

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

Munt - Accept multiple cryptocurrencies with just 5 lines of code

TokenTax - Crypto taxes made easy. TurboTax for cryptocurrency.