TokenTax

TokenTax

4.7 out of 5 stars
BlockSentry TokenTax

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BlockSentry:

About

The tax environment for cryptocurrencies is changing fast. Stay safe in an increasingly regulated market with our end-to-end compliance solution. You don’t have to be an accounting expert. Gain real-time insights into your trading performance with beautiful data visualizations. Our patent-pending technology categorizes transactions for you and automatically recognizes transfers between accounts, saving you time & money. Gain real-time insights into your trading across all of your exchanges with a detailed analysis of your gains and losses for individual currencies as well as broader portfolio trends. BlockSentry uses advanced A.I. technology to auto-fill your tax form, and automatically identify transfers between your accounts. This will save you hours of time and help you keep long-term cost basis, ensuring you pay the least in taxes.
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.
BlockSentry:

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
BlockSentry:

Audience

Companies looking for a Crypto Tax solution
TokenTax:

Audience

Cryptocurrency investors or accountants looking for a tax solution
BlockSentry:

Support

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

Support

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

API

Offers API Not Supported
TokenTax:

API

Offers API Supported
BlockSentry:

Screenshots and Videos

TokenTax:

Screenshots and Videos

BlockSentry:

Pricing

$49 per year
Less Than 200 Transaction
Free Version Not Supported
Free Trial Supported
TokenTax:

Pricing

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

Reviews/Ratings

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

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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.
BlockSentry:

Training

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

Training

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

Company Information

BlockSentry
Founded: 2017
United States
blocksentry.co
TokenTax:

Company Information

TokenTax
Founded: 2017
United States
tokentax.co
BlockSentry:

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BlockSentry:

Categories

Crypto Accounting Supported
Crypto Tax Supported
TokenTax:

Categories

Crypto Supported
Crypto Accounting Supported
Crypto Tax Supported
DeFi Tools 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
BlockSentry:

Integrations

Coinbase Supported
Gemini Supported
HitBTC Supported
Kraken Supported
KuCoin Supported
Poloniex Supported
BTC Markets Not Supported
BitPay Not Supported
Bitfinex Not Supported
Bithumb Not Supported
Compound Not Supported
EtherDelta Not Supported
Gate.io Not Supported
OpenSea Not Supported
TaxAct Supported
The Rock Trading Not Supported
Uphold Not Supported
eToro Not Supported
itBit Not Supported
TokenTax:

Integrations

Coinbase Supported
Gemini Supported
HitBTC Supported
Kraken Supported
KuCoin Supported
Poloniex Supported
BTC Markets Supported
BitPay Supported
Bitfinex Supported
Bithumb Supported
Compound Supported
EtherDelta Supported
Gate.io Supported
OpenSea Supported
TaxAct Not Supported
The Rock Trading Supported
Uphold Supported
eToro Supported
itBit Supported
BlockSentry:
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TokenTax:
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