Best Crypto Tax Software for 2025: Taxes Made Easy!

Finding the best crypto tax software for your needs can be a daunting task. To help with this, we’ve put together a list of the best crypto tax tools to make sure you stay on the right side of the law when it comes to buying and selling crypto. If you’ve been fortunate enough to make some profits, now is the time to ensure your earnings comply with local tax laws if you want to keep your funds!

Crypto Tax Software: Summary

This crypto tax guide will take you through a selection of our top five picks for crypto tax software. Included on the list are Koinly, Zendesk, CoinLedger, TokenTax, and CoinTracker.

These tools offer a range of features that should save you time when filing your taxes, from beginner traders with only a handful of trades under their belt, up to experienced high-frequency traders that have hundreds of transactions to reconcile on their tax report.

Top Crypto Tax Software Picks for 2025

Below is our selection of the best 5 crypto tax software for crypto investors to save time when compiling crypto tax reports. Best practice involves consulting a tax expert before submitting your report to your local tax authority, however. The choices we have compiled below are suitable for both crypto traders and tax professionals looking to manage a book of clients.

Confused by Crypto Tax? Feel free to check out our Crypto Tax Guide for 2025

Koinly – Best Overall Option for Majority of Traders

Koinly is our pick for the best free tax software, as you can see in our deep-dive Koinly review. The free plan processes up to 10,000 transactions, making it suitable for the majority of crypto traders. This makes it a great tool for quickly getting transaction data through its advanced API integrations with hundreds of crypto exchanges.

For example, have you made a bunch of trades on OKX over the last tax year? Koinly has you covered. It can pull in all your transaction history, including your PNL, to give you a complete tax report ready for tax season. What’s more, the free plan will allow you to pull through historical data from the last six years and accommodate things like airdrops and staking yield in its final reconciliation report.

Koinly will also support DeFi transaction history and features multiple cost-basis methods to suit every user’s needs, including LIFO and FIFO.

For US users, Koinly does not feature support for filing Form 8949, a crucial step for filing taxes in the US. However, US users can still use the data provided by Koinly to fill in this form themselves or have their accountant do it.

In addition, Koinly’s free plan does not feature a tax report as comprehensive as the paid version, so users must decide if they need to go for the paid option, depending on the complexity and frequency of their crypto financial activity.

Koinly Pros and Cons

ZenLedger- Best-in-Class DeFi Support

ZenLedger is our second pick, and we found it best suited to processing DeFi transactions from DEXs (decentralized exchanges), as well as associated DeFi activity such as staking yield, liquidity pool returns, and airdrops.

ZenLedger calculates the cost basis of these DeFi activities to give users a complete report of their cost basis, which they can download via a CVS file.

This is great for filling in the gaps for a tax payers’ transaction history where other platforms don’t offer support for certain DeFi protocols. In addition, ZenLedger generates Schedule D for US tax payers, making it a useful tool.

However, ZenLedger doesn’t come cheap. With its free plan starting at just 25 transactions to give you an idea of how the platform works, ZenLedger charges $127 per year for DeFi integration for up to 5,000 transactions per year. This is worth it for a high roller trader that makes frequent trades, but for someone with less than $100 invested, it may not be worth it.

For unlimited transaction support, the cost is $999 per annum – a figure that puts the platform out of reach for most retail traders but is priced at a good level for enterprises looking to automate their crypto DeFi transaction reconciliation processes.

ZenLedger Pros and cons

CoinLedger– Perfect for US taxpayers filing with the IRS

CoinLedger is our top pick for US traders. This is thanks to its US-friendly features, such as support for IRS Form 8949 (unlike Koinly), costing just $49 for CoinLedger to complete the form on the user’s behalf.

In addition to this, CoinLedger offers support for a number of other jurisdictions, such as the UK, South Africa, Australia, Canada, India, and Japan. The platform can also reconcile micro-transactions, such as those generated by staking income to ensure these are included in your tax report.

CoinLedger is integrated with hundreds of crypto platforms, including non-custodial wallets such as MetaMask, Trust Wallet, Uniswap and Pancake swap, so users can apply CoinLedger to whatever wallet or platform they use for quick and effective transaction reporting.

CoinLedger Pros and Cons

TokenTax – The Best Option for Beginners

TokenTax is our pick for beginners. Have you bought crypto recently for the first time and want to file your taxes on time? TokenTax is the option for you thanks to its simple, intuitive UI and beginner-friendly interface and NFT integration.

Users simply need to copy in their wallet and exchange API information and TokenTax will take it from there – typically generating a full report within 30 minutes.

TokenTax features integration with hundreds of wallets and exchanges, including derivative trading platforms. As most traders use derivatives, this makes it invaluable for simplifying cost basis calculations by doing the heavy lifting for you. TokenTax features four cost-based reporting methods for users to pick from, depending on their needs: FIFO, LIFO, minimization, and average cost.

Unfortunately, TokenTax’s major drawback is its cost. With no free plan for new users to try out the platform, the lowest entry cost is $65 per year at only 100 transactions. However, for beginners in the crypto investing world, we’d argue that this cost is worth it if your investments are worth a significant amount to ensure adherence to tax-paying compliance requirements.

From here, plans range upwards to $199/year or $1,599 /year for up to 5,000 and 20,000 transactions, respectively. With this in mind, we’d recommend TokenTax to investors who have made relatively few transactions over the tax year, such as once-per-month spot buy orders to calculate their tax liability.

TokenTax Pros and Cons

CoinTracker- Most Comprehensive Crypto Tax Software

CoinTracker is arguably the most comprehensive tax software solution on the market. Featuring support for hundreds of crypto wallets, platforms, and exchanges, CoinTracker additionally supports over 10,000 crypto tokens.

Boasting around 2 million users worldwide, CoinTracker’s wide support allows it to service users cannot find support for their portfolios on other tax software platforms, as well as offering support for airdrops, staking, minting and mining transactions.

CoinTracker’s base plan is $59/year, which includes unlimited tax reports. However, this does not include tax loss tools. For this, users have to pay $199/year, which can help reduce tax liability by offsetting losses against your final tax bill. CoinTracker’s $599/year plan features all of these previous features in addition to advanced multiple cost-basis methods and 24-hour support.

CoinTracker Pros and Cons

Evaluating the Best Crypto Tax Software Features

When putting together this guide we considered a variety of factors to bring the best 5 options for crypto tax software. This includes an evaluation of user interfaces, transaction imports, support for cryptocurrencies, and tax optimization features, such as tax losses accounting.

User Interface and Experience

All of the platforms we’ve featured in this guide feature intuitive, easy to use interfaces, along with step-by-step guides for how to import your transaction history.

Finding your exchange’s API key is arguably the most difficult step in this process. However, you should easily be able to find this with a quick Google search on how to get this information for your chosen platform’s wallet data.

The platforms featured in this guide will produce full tax reports within 30 minutes or so. Believe us, this is much quicker than going through your transaction history manually and calculating your cost basis to token prices at the time of trades.

Comprehensive Transaction Import and Sync

One of the other big considerations is how well crypto tax software platforms import transaction histories. Typically this is done in the form of CVS files that users can download and use for filing their tax returns to their accountants.

The degree at which each platform featured in this guide varies, with Koinly offering the best free package for users. However, any errors in the generated tax reports are still the responsibility of the taxpayer, so ensure that transaction histories are accurate by having an accountant verify the data before submitting to your local tax authority.

As many of these platforms offer different membership tiers and specialties, the best option and best plan will depend on the frequency and type of crypto transactions you tend to use.

Support for Various Cryptocurrencies and Tokens

Some platforms offer support for mostly major and long-standing cryptocurrencies, such as Bitcoin or Ethereum. However, other platforms, such as CoinTracker, offer support for a much wider range of crypto assets.

Again, this should factor into your decision for choosing which platform to go with; we’ve tried to cover all the bases with our chosen platforms, catering for investors and traders in “blue-chip” cryptos such as Bitcoin and Ethereum, as well as more “adventurous” traders that have holdings in newer more novel cryptos.

Tax Optimization Strategies

There are multiple ways to pay your taxes, some more efficient than others. Many of the platforms covered in this guide will allow you to produce financial tax reports that are tailored to your country’s local laws. This can mean adherence is paid to calculating losses or using tax-deductible methods to bring down your overall tax bill. These are legal ways that every taxpayer is typically entitled to use to mitigate against their tax bill, however, you should always consult an accountant on the correct way to do this.

If you are in a country with no support on any of the featured platforms, then you can still use those tools to generate your profit and loss calculation then hand that to your accountant. Your accountant will be able to make revisions based on your local jurisdiction.

Advanced Features to Look For

Advanced features can help optimize your tax bill to ensure you cover all the bases covered. Below, we’ve taken a look at the real-time portfolio tracking, tax-loss harvesting, DeFi integration, and more.

Real-Time Portfolio Tracking

Portfolio tracking is an active feature that tracks your cost basis (AKA the price you bought at) and sale prices for every transaction. This is crucial for submitting accurate tax filings, especially given the crypto market’s volatility and price fluctuations.

Crypto tax software automates this process. By providing the software with an API key linked to your exchange accounts and wallets, the software can automatically track your transaction history, saving you the headache of manually going through a block explorer for a record of your transactions.

Tax Loss Harvesting Opportunities

Tax loss tools are a way to pay tax more efficiently. This is the same strategy employed by savvy people’s accounting teams who use tax write-offs to reduce their tax bills.

Every trader has a history of some trades that didn’t go their way. Using these losses, especially if they’re significant sums, is a great way to legally bring down your tax bill.

Here’s the rub, however: although tax loss tools are offered by a number of the platforms featured in this guide, they typically come with higher fees. As such, you need to assess roughly how much your losses are to determine if this service is worth it.

Support for DeFi, Staking, and Yield Farming

If you’ve ever looked at your DeFi wallet transaction history, you’ll probably know that DeFi transactions are complicated; there’s staking, network and gas fees, liquidity pool transactions, yield farming, and more. Crypto tax software for DeFi investors is essential, as trying to unpick all of this manually is time-consuming and complicated. This is why you should ensure that your chosen crypto software tax platform supports DeFi transactions and all of the associated fun stuff, like staking. This will help to ensure you pay the correct amount of tax and do not overpay or underpay.

Capital Gains and Losses Crypto Tax Calculator

Capital gains are taxes that most countries require investors to pay on their profits; otherwise known as “realized gains.” To calculate how much you need to pay, tax authorities typically require information about every single trade you have made in the accounting period.

This required information includes but is not limited to, the name of the coin, date of purchase, purchase price, date of and price of sale, and the finalized profit and loss (PNL) once the train was complete.

Crypto tax software platforms automate the process of gathering this information, which is why they are so popular with crypto traders who want to stay compliant with their tax authority. If you are not an active trader and more of an investor who has a longer-term trading objective, such as dollar-cost averaging, you likely have far fewer transactions to reconcile on your tax report. If so, the manual process of doing this may be easier with only a handful of transactions but do note that crypto tax software offers free use up to a certain number, so it may still be beneficial.

Crypto tax software typically takes up to 30 minutes to compile tax reports, which can make calculating your PnL for capital gains tax a far less time-consuming task.

Tax Form Automation

Tax forms can present a painstaking process for traders with many complex transactions to reconcile on multiple forms. Some platforms will automate this process for you by producing these completed forms. This is especially useful for US taxpayers who are required to file Form 8949 to the IRS, for example.

These forms typically have the same requirements we listed above for capital gains tax (name of coin, date of purchase, purchase price, date of and price of sale, and PNL), so make sure you double-check the information on the form with your accountant.

Pricing Models Explained

The crypto tax software platforms featured in this guide offer different pricing models. The more advanced the feature, the higher the price. This section will help you determine the optimal package on your chosen platform for your requirements.

Subscription vs. One-Time Purchase

Some platforms use a subscription model that requires monthly payments. This is typically for platforms featuring advanced features such as real-time portfolio tracking, as offered by Koinly.

Some features require a one-time purchase, such as CoinLedger’s Form 8949 completion feature, priced at $49.

Deciding on the best pricing model for you requires evaluating what kind of investor or trader you are. If you trade frequently and have a large portfolio, you will likely want to consider greater transaction packages than someone who only makes a few transactions a year.

Free Trials and Money-Back Guarantees

Most transactions feature a basic free service that you can use to determine if the platform is to your liking. Some platforms offer free trial periods or free features you can use to work out if the platform suits your requirements.

Given this, you shouldn’t be afraid to generate some tax reports on different platforms to see if they provide you with the information needed to file your taxes before committing to more advanced features and consequently higher prices.

Conclusion

As Benjamin Franklin once said, “Nothing is certain except death and taxes”.

Paying taxes on your crypto earnings is an important part of a crypto trader’s journey – you do not want to be on the wrong side of your local government as it can land you in big trouble.

In the early days of crypto paying taxes was a messy complicated process, due to nascent regulations and few tools that could help generate financial reports. With the advent of crypto tax software platforms over the last few years, it’s easier than ever to pay your taxes quickly and easily.

Our pick for the best crypto tax software is Koinly. Featuring the most comprehensive free plan out of our all our picks on this list, Koinly is a great platform to get started on your crypto tax season journey.

FAQs

References

“Last-In, First-Out (LIFO).” Tax Foundation, https://taxfoundation.org/taxedu/glossary/last-in-first-out-lifo/.

“First-In, First-Out (FIFO).” Lean Enterprise Institute, https://www.lean.org/lexicon-terms/first-in-first-out-fifo/.

“API Keys.” LabKey Documentation, https://www.labkey.org/Documentation/wiki-page.view?name=apikey.