TokenTax

TokenTax

4.7 out of 5 stars
Bitwave TokenTax

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Bitwave:

About

Bitwave powers bookkeeping, accounting, tax tracking,​ invoicing, bill pay, and payroll for DeFi and crypto. DeFi ROI monitoring and digital asset treasury management are easy with Bitwave. Calculating taxes for crypto and DeFi can be incredibly complex. As a business that transacts in cryptocurrencies, it is your obligation to properly track the cost basis of your digital assets and track the corresponding crypto taxes. Luckily, Bitwave offers a complete solution for crypto and DeFi tax tracking and simplifies your end of the quarter. Our enterprise digital asset platform connects the blockchain to your accounting system making it easy to prepare your crypto taxes. We also support cost averaging and specific selection. You can run reports for each and pick the tax strategy that’s right for you. Our platform also syncs mark-to-market adjustments to mark the current value of holdings, and your crypto gains and losses.
TokenTax:

About

TokenTax is the only cryptocurrency tax software that integrates with every crypto exchange—from major players like Coinbase, Binance, and BitMEX to DeFi platforms to NFT marketplaces like Opensea. No matter where your data is from, we can import it via API or CSV and reconcile it with your trading history. What’s more, TokenTax automatically generates tax forms like the Form 8949, tracks your capital gains and losses, and can help you choose the right reporting strategy with our Tax Loss Harvesting tool. We give you the choice: file with our expert tax filing team, or easily take your crypto-related tax documents to another tax provider or filing software.
Bitwave:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
TokenTax:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
Bitwave:

Audience

Enterprises and businesses in search of a platform to manage their digital assets and their financial operations
TokenTax:

Audience

Cryptocurrency investors or accountants looking for a tax solution
Bitwave:

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported
TokenTax:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
Bitwave:

API

Offers API Supported
TokenTax:

API

Offers API Supported
Bitwave:

Screenshots and Videos

TokenTax:

Screenshots and Videos

Bitwave:

Pricing

No information available.
Free Version Not Supported
Free Trial Supported
TokenTax:

Pricing

$65 per tax year
Free Version Not Supported
Free Trial Not Supported
Bitwave:

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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TokenTax:

Reviews/Ratings

Overall 4.7 / 5
ease 4.4 / 5
features 4.5 / 5
design 4.6 / 5
support 4.7 / 5
TokenTax:

Pros & Cons from Real Users

Pros

  • A complex crypto reconciliation has been delivered on time for two years. One does not simply do this.
  • Customer service is unparalleled, extremely responsive to all questions. Everyone I worked with at TT was a pro. If you're stressing about your crypto filing this is the place for you, they're pros, 5 STARS!
  • TokenTax has grown so much over 4 years since I first started using the software to collect all my transactions. Nowadays, they have advanced integrations for DeFi and centralized exchanges. The customer service is amazing. They're sincerely committed to being helpful and kind to customers. But more importantly, no one is more expert than this team. You'll hear others larping they know as much about crypto taxes but it is undeniable they're at the bleeding edge of crypto tax knowledge. They continue to hire the smartest folks from the likes of KPMG (Arthur Teller) and others from places like Microsoft who actually worked on the Excel product (James). While I currently use their most advanced enterprise level service, previously, I've used their lower tier software package when my taxes were simpler and they were amazing to me back then. However, the last 2 years have required a finer touch and I am please to say they've over-delivered on this top level service. Few businesses meet my expectations nowadays, but TokenTax continually exceeds them.
  • • Experts with tremendous experience in all matters of accounting, including complex cryptocurrency issues (DeFi, Liquidity Providing, Airdrops, Cross-Chain, Missing Transactions, High Transaction volume, etc). • Personalized attention to detail. • Prompt responses • Variety of packages available depending on client needs
  • - TokenTax team is deep into crypto and are on top of the latest trends and changes in different token types - They are highly responsive - They understand tax law well

Cons

  • Do not expect a quick turnaround or not to do any work. You need to provide your records and respond to the team's questions. Be proactive about discussing your unique situation and expectations.
  • Nothing to see here! Can't think of anything negative in my experience.
  • I heard from some random complaints on Twitter back in fall 2021, when the crypto markets started taking off and TokenTax was growing like gangbusters. I have to say I truthfully didn't experience any such growing pains with TokenTax, but at least now, in 2021/2022, I can firmly attest they've scaled up significantly to provide the most unbelievable level of service. One complaint you hear is "they don't support all blockchains" or "they're missing a DeFi app" and neither are true. Because a) you can upload any CSV for any blockchain transactions and b) you can also upload those separate transactions for new DeFi apps. There's hundreds of DeFi apps that come and go so you can't expect TokenTax to support every protocol with deep integrations.
  • • Candidly, I have zero cons. TokenTax took extremely good care of me from start to finish. Perhaps the only thing I could critique would be that it can take up to a day to get back to you, but the attention to detail in their replies more than make up for that small wait.
  • The software is still buggy and requires a lot of manual updates and changes. Also I felt the crypto side of the house was a lot more in order than the non crypto tax filing side of the house.
Bitwave:

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported
TokenTax:

Training

Documentation Supported
Webinars Supported
Live Online Not Supported
In Person Not Supported
Bitwave:

Company Information

Bitwave
Founded: 2018
United States
www.bitwave.io
TokenTax:

Company Information

TokenTax
Founded: 2017
United States
tokentax.co
Bitwave:

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Bitwave:

Categories

Crypto Supported
Crypto Accounting Supported
Crypto Tax Supported
DeFi Tools Supported
TokenTax:

Categories

Crypto Supported
Crypto Accounting Supported
Crypto Tax Supported
DeFi Tools Supported
Bitwave:

Crypto Tax Features

Automated Data Import Supported
Exchange Integration Supported
Export Transactions Supported
Historical Prices Supported
Income Overview Supported
Margin & Futures Support Supported
Profit & Loss / Cap Gains Supported
Staking / Lending / DeFi Support Supported
Tax Form Generation Supported
Tax Loss Harvesting Supported
Wallet Integration Supported
TokenTax:

Crypto Tax Features

Automated Data Import Supported
Exchange Integration Supported
Export Transactions Supported
Historical Prices Supported
Income Overview Supported
Margin & Futures Support Not Supported
Profit & Loss / Cap Gains Supported
Staking / Lending / DeFi Support Supported
Tax Form Generation Supported
Tax Loss Harvesting Supported
Wallet Integration Supported
Bitwave:

Integrations

Coinbase Supported
Kraken Supported
Uniswap Supported
BTC Markets Not Supported
BitMEX Not Supported
Canton Supported
Compound Not Supported
Ethereum Not Supported
Gate.io Not Supported
Gemini Not Supported
HitBTC Not Supported
Koinly Not Supported
NYDIG Supported
OpenSea Not Supported
Poloniex Not Supported
Sage Intacct Supported
The Rock Trading Not Supported
Uphold Not Supported
Xero Supported
YoBit Not Supported
TokenTax:

Integrations

Coinbase Supported
Kraken Supported
Uniswap Supported
BTC Markets Supported
BitMEX Supported
Canton Not Supported
Compound Supported
Ethereum Supported
Gate.io Supported
Gemini Supported
HitBTC Supported
Koinly Supported
NYDIG Not Supported
OpenSea Supported
Poloniex Supported
Sage Intacct Not Supported
The Rock Trading Supported
Uphold Supported
Xero Not Supported
YoBit Supported
Bitwave:
Claim Bitwave and update features and information
Claim Bitwave and update features and information
TokenTax:
Claim TokenTax and update features and information
Claim TokenTax and update features and information