Software Alternatives, Accelerators & Startups

CoinLedger VS TaxBit

Compare CoinLedger VS TaxBit and see what are their differences

CoinLedger logo CoinLedger

Filing your crypto taxes has never been easier!

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 …
  • CoinLedger Landing page
    Landing page //
    2023-10-02
  • TaxBit Landing page
    Landing page //
    2022-06-01

CoinLedger videos

Crypto Tax Reporting (Made Easy!) - CryptoTrader.tax / CoinLedger.io - Full Review!

More videos:

  • Review - Coinledger Review Is it Easiest For Beginners
  • Review - BEAT THE IRS! (CoinLedger CHANGES The Game For Crypto Taxes)

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 CoinLedger and TaxBit)
Crypto
45 45%
55% 55
Fintech
26 26%
74% 74
Cryptocurrencies
41 41%
59% 59
Finance
25 25%
75% 75

User comments

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

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

CoinLedger Reviews

14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
CoinLedger started exclusively for the United States. Eventually, it added support for Australian users, and now anyone can use this platform if their country supports either FIFO, HIFO, or LIFO reporting methods.
Source: geekflare.com
15 Best Koinly Alternatives 2022
Similar to Koinly, CoinLedger integrates with your favorite platforms for you to import your transactions. So, whether you are trading, buying NFTs, or earning interest, CoinLedger comes in handy.

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

CoinLedger might be a bit more popular than TaxBit. We know about 20 links to it since March 2021 and only 15 links to 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.

CoinLedger mentions (20)

  • Minimizing tax’s on crypto
    An easier way to minimize your crypto taxes is to use a good software like coinledger that can automatically detect and capitalize on tax savings opportunities for you based on your transaction history. Source: 10 months ago
  • 1099-B help
    Maybe https://coinledger.io/ can help. It'll go through the transactions to determine what actual gain / loss is. Source: about 1 year ago
  • PSA: Moving crypto between wallets is not taxable!
    If you’re having trouble with this or you just have a fuckton of transactions, you can use crypto tax software (like CoinLedger, CoinTracker, or whatever other option you choose) to calculate your gains and losses across all your wallets and exchanges. Source: about 1 year ago
  • Things to keep in mind before the tax deadline
    In cases like these, you might want to get started with crypto tax software that can integrate with your wallets and exchanges and pull the information you need to file your taxes automatically. There are tons of good options out there (CoinLedger, CoinTracker, and many more). Source: about 1 year ago
  • Tax season facts: Tax-free transactions & how to save money!
    When you keep records of the original purchase price, you’ll be able to track your capital gain or loss much easier. But let’s be honest, tracking all your Ethereum transactions takes serious time and effort. If you're too lazy to do this, one alternative is to track them through crypto tax software like CoinLedger, CoinTracker, or whatever else is out there now. Source: about 1 year ago
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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 CoinLedger and TaxBit, you can also consider the following products

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

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

Crypto Tax Calculator - Making your crypto taxes easier with support for over 600 integrations. Covers NFTs, DeFi & DEX trading. Backed by AirTree Ventures, Coinbase Ventures and 20VC.