CoinLedger

CoinLedger

4.9 out of 5 stars
CoinSmart

CoinSmart

4.0 out of 5 stars
CoinLedger CoinSmart

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CoinLedger:

About

CoinLedger (formerly CryptoTrader.Tax) takes away the pain of preparing your bitcoin and crypto taxes. Simply connect your exchanges, import trades, and download your tax report in minutes. Import your trades using the API import tool or upload your trade history file. CoinLedger integrates with all major exchanges to make this process quick and painless. Add your sources of cryptocurrency income from the tax year. CoinLedger calculates your gains from mining, staking, gifts, airdrops, and forks. CoinLedger calculates your tax liability using the same methods tax professionals use. Rest assured that you are paying the correct amount and minimizing your crypto tax liability. Download your completed IRS forms to file yourself, send to your accountant, or import into software like TurboTax and TaxAct. Partnered with the largest tax preparation platform to make it easy for you to E-File your crypto gains and losses with your full tax return.
CoinSmart:

About

Our mission is to make cryptocurrency accessible to everyone. Coinsmart is the easiest to use cryptocurrency trading platform. Buy and sell bitcoin and other digital currencies quickly and easily on desktop and mobile. Buy and sell Litecoin, Bitcoin Cash, Cardano, Stellar, XRP and more with CoinSmart. We are constantly adding digital currencies to our exchange. Create an account and get verified in minutes. Access your funds the same day you make a deposit – no more pairing and tethering needed. Once you get verified you can start buying and selling your digital currencies. You spoke and we heard you! At CoinSmart, we’ve eliminated long wait times for deposits, withdrawals and account verification. Download the best crypto trading app today and see how easy it is to buy and sell bitcoin and many other coins through our mobile app.
CoinLedger:

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
CoinSmart:

Platforms Supported

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

Audience

Cryptocurrency investors or accountants looking for a tax solution
CoinSmart:

Audience

Cryptocurrency Exchange platform for everyone
CoinLedger:

Support

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

Support

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

API

Offers API Supported
CoinSmart:

API

Offers API Not Supported
CoinLedger:

Screenshots and Videos

CoinSmart:

Screenshots and Videos

CoinLedger:

Pricing

$49 per tax season
Free Version Not Supported
Free Trial Not Supported
CoinSmart:

Pricing

0.20% for single trade
Free sign-up and use of the app.
Free Version Not Supported
Free Trial Not Supported
CoinLedger:

Reviews/Ratings

Overall 4.9 / 5
ease 4.8 / 5
features 4.5 / 5
design 4.6 / 5
support 5.0 / 5
CoinSmart:

Reviews/Ratings

Overall 4.0 / 5
ease 3.8 / 5
features 3.8 / 5
design 3.8 / 5
support 4.0 / 5
CoinLedger:

Pros & Cons from Real Users

Pros

  • I really liked how easy and how fast it was to import my transactions to CoinLedger. I imported transactions via API and via CVS file upload and both were very smooth. I also really liked their customer support. This was my first attempt to tackle crypto taxes, so I had a ton of questions and concerns which were answered quickly making the whole process much less stressful and allowing me to meet my extension deadline. I also really liked that you could view your gains/losses with each of the different accounting methods allowed. Made decisions on how to proceed very easy.
  • When I had some questions I simply wrote CoinLedger. Upon doing so I received quick replies with detailed help/instructions.
  • Crypto-tax is not easy but this service is super-helpful. And would have been very easy if all my exchanges were ones listed with CoinLedger. I made a mistake in my data entry and the support offered to trouble-shoot for me was prompt and second to none. I happily recommend.
  • -FANTASTIC customer service -Most exchanges supported -Very reasonable price -Easy API imports -Easy upgrades/cancellations
  • This firm produce superb support services for their clients, even though they are not 24 hours they do correspond promptly within a convenient timeframe. I am an emotive businessman so prioritizing customer service is a must for myself and CoinLedger fulfills that satisfaction.

Cons

  • The couple things I didn’t like I was told will be fixed in the app update Nov.2021, so really it becomes a moot point. I will mention them anyway though in order to give a fair and accurate review. I had crypto gifts, and I found it a little hard to figure out what the cost basis would be for the person receiving the gift. Not only did customer service offer me a work around, they also informed me that will be taken care of the the app update coming next month. The other thing that I was told will also be upgraded is the availability to connect Meta Mask and Dex’s.
  • There are no cons with which I am familiar with CoinLedger.
  • There was a pop up just before I finalised, saying tax wasn't due for this year (it was), which was (and still is) confusing. However, the support team quickly addressed my query on the matter and advised simply to proceed, which went smoothly.
  • -No Kraken margin trade support yet. There are some things I'd like to be able to adjust manually that I can't, but that seems to be a limitation on other comparable services as well
  • A mobile application should be considered for maximum utilization.
CoinSmart:

Pros & Cons from Real Users

Pros

  • Very simple. the deposit was quick, was able to trade the same day without any issues.
  • Obviously, nothing is bulletproof. but it's nice to see that they are regulated, unlike other crypto exchanges. Like Binance that tomorrow can literally take everyone's money and disappear. And they have stellar Customer service. The longest I've waited was 2 minutes on Chat.
  • Canadian owned, great IOS app, love the customer service. Easy to buy Solana, Bitcoin and Ethereum!
  • There is very little I can find helpful in using this platform. What else can I say if there is not anything positive to say!

Cons

  • No staking option. Advanced trade is only on their website, not the app.
  • the number of coins that they currently have on their exchange, but it looks like they are adding 2-4 coins a month at least from what I'm seeing the past couple of months.
  • I want more coins!! I also wished they showed me how much my portfolio increased in value each day or week.
  • Their support is not very good especially when one is in the middle of a deal and one cannot get immediate support. 2Factor authentication does not always get results.
CoinLedger:

Training

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

Training

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

Company Information

CoinLedger
Founded: 2017
United States
coinledger.io
CoinSmart:

Company Information

CoinSmart
Founded: 2018
Canada
www.coinsmart.com
CoinLedger:

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CoinLedger:
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CoinLedger:
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CoinLedger:
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CoinSmart:
CoinLedger:

Categories

CoinSmart:

Categories

CoinLedger:

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
CoinLedger:

Integrations

Uniswap Supported
Azbit Supported
B2BX Supported
Bancor Supported
BitMEX Supported
Bitget Supported
Cardano Not Supported
Coincheck Supported
Coinmate Supported
Dex-Trade Supported
Mercatox Supported
NiceHash Supported
Stellar Not Supported
Voyager Supported
Yearn Supported
dYdX Supported
CoinSmart:

Integrations

Uniswap Supported
Azbit Not Supported
B2BX Not Supported
Bancor Not Supported
BitMEX Not Supported
Bitget Not Supported
Cardano Supported
Coincheck Not Supported
Coinmate Not Supported
Dex-Trade Not Supported
Mercatox Not Supported
NiceHash Not Supported
Stellar Supported
Voyager Not Supported
Yearn Not Supported
dYdX Not Supported
CoinLedger:
Claim CoinLedger and update features and information
Claim CoinLedger and update features and information
CoinSmart:
Claim CoinSmart and update features and information
Claim CoinSmart and update features and information