Coinpanda VS TaxBit

Coinpanda Reviews

1. Kevin    

   about 4 years ago
   Very simple to use

   I am really happy with how easy Coinpanda is. I trade mostly on Coinbase and Binance and I could import all my transactions without issues. Will recommend this product to all crypto traders.

   🏁 Competitors: CoinTracker, Koinly, ZenLedger, Accointing, BearTax

   👍 Pros:    Easy user interface|User-friendly|Great customer support

TaxBit Reviews

Coinpanda mentions (8)

• Why doesn’t snowtrace csv export show the price at time of txn?

  I was waiting on koinly.io to incorporate Avalanche, but then someone mentioned coinpanda.io. I'm looking into it as an automated transaction compiler for tax purposes. Source: over 2 years ago

• Calculate P&L for a financial year

  This website has something http://coinpanda.io but it is asking for a lot of money. Source: over 2 years ago

• I’ve tried crypto tax software so you don’t have to.

  I’ve moved to coin panda next - https://coinpanda.io/ Great selection of exchanges and all sorts of wallets, compliance with both US regulations and EU regulations. But UI/UX was a bit complicated to me compared to Koinly + Koinly was 10$ cheaper for my amount of transactions 😁 Obvious move to Koinly. Source: over 2 years ago

• Goals & porftolio tracking product

  What I mean is: you have entered your entries + goals for selling coins on futures and spot & set goals that you want to reach with your porftolio? Cointracker.io & https://coinpanda.io/ are great but they don't really give me this possibility, excel or google sheet with some advanced scripts can deal with this issue but nothing else. Feedback is much appreciated! Source: over 2 years ago

• US tax strategies

  I was reading coinpanda.io musings on how the IRS breaks down staking for "business" vs "hobby". Source: over 2 years 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: 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