TaxBit VS Robinhood Crypto

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 …

Robinhood Crypto

Zero-fee cryptocurrency trading from Robinhood 💸

Landing page //
2022-06-01

Landing page //
2023-09-29

Crypto Tax Tips 2021 — Taxbit Crypto Tax Software Review

Robinhood Crypto videos

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Robinhood Crypto Trading Is Now Live! - Robinhood Crypto Review

Category Popularity

0-100% (relative to TaxBit and Robinhood Crypto)

TaxBit

Robinhood Crypto

Fintech

63 63%

Fintech

37% 37

Cryptocurrencies

35 35%

Cryptocurrencies

65% 65

Crypto

33 33%

Crypto

67% 67

Cryptocurrency Wallets

0 0%

Cryptocurrency Wallets

100% 100

User comments

Share your experience with using TaxBit and Robinhood Crypto. 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 TaxBit and Robinhood Crypto

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

Robinhood Crypto Reviews

Best Places to Buy Bitcoin

Robinhood Crypto is technically a separate account that you use alongside your Robinhood stock investment account. It supports a fairly short list of currencies, but that could be fine for many bitcoin buyers.

Source: www.thebalance.com

Robinhood vs. Coinbase: Which Is Better?

While Robinhood offers cryptocurrency trading through an account with Robinhood Crypto, it’s not the platform’s main focus. It’s an online brokerage that handles popular investment assets including, U.S. listed stocks, options and exchange-traded funds (ETFs). It appeals to users with its minimal fees and mobile interface. That ease-of-use can set it apart from other...

Source: smartasset.com

Best Online Brokers for Bitcoin Trading

Robinhood Robinhood Crypto does not charge a commission for placing crypto trades; however, it generates tiny profits from each order as it is routed. This routing practice, known as payment for order flow (PFOF), is also how Robinhood makes money from stock trades. In their user agreement, Robinhood Crypto states that they may receive activity-based rebates from Crypto...

Source: www.stockbrokers.com

Social recommendations and mentions

Based on our record, TaxBit seems to be a lot more popular than Robinhood Crypto. While we know about 15 links to TaxBit, we've tracked only 1 mention of Robinhood Crypto. 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.

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