Coinpanda

Coinpanda

2.4 out of 5 stars
TokenTax

TokenTax

4.7 out of 5 stars
Coinpanda TokenTax

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Coinpanda:

About

Coinpanda is the world's most easy-to-use cryptocurrency portfolio tracker and tax software. Our platform allows you to import transactions from more than 450+ exchanges and blockchains today. This includes popular cryptocurrency exchanges like Coinbase, Binance, FTX, Uniswap, and Pancakeswap. Coinpanda supports also all major blockchains including Ethereum, Binance Smart Chain, and Polygon. After importing all transactions, simply generate your tax report with the click of a button. Coinpanda supports more than 65+ countries today. Our platform supports also tax calculations for futures and margin trading, DeFi, and NFTs.
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.
Coinpanda:

Platforms Supported

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

Audience

Cryptocurrency investors and traders
TokenTax:

Audience

Cryptocurrency investors or accountants looking for a tax solution
Coinpanda:

Support

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

Support

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

API

Offers API Not Supported
TokenTax:

API

Offers API Supported
Coinpanda:

Screenshots and Videos

TokenTax:

Screenshots and Videos

Coinpanda:

Pricing

$0 per tax year
Price plans are based on the number of transactions per tax year.
Free Version Supported
Free Trial Not Supported
TokenTax:

Pricing

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

Reviews/Ratings

Overall 2.4 / 5
ease 2.8 / 5
features 2.6 / 5
design 2.8 / 5
support 2.4 / 5
TokenTax:

Reviews/Ratings

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

Pros & Cons from Real Users

Pros

  • Yes loading up your wallets is easy, and getting a hold of support is simple. But it's all downhill from there.
  • They have by far the most crypto exchange/wallet integrations that I've found out of any crypto tax product. They make integration extremely user-friendly and straight forward. Their pricing is significantly better than any other crypto tax platform I've come across.
  • I'm a newbie and needed a lot of help and Ruben was very patient and took the extra steps to making sure I was taken care of and this is going over weeks, not just a one stop and move on kind of thing.
  • The main reason why I keep coming back to Coinpanda rather than any of the competitors is their API and CSV integrations with exchanges and blockchains. No other tax platform comes even close today. Until this changes I will remain a loyal Coinpanda user.
  • Lots and lots of blockchains and exchanges supported Wonderful and timely support from the support team.

Cons

  • As risky as crypto itself. The calculations are a disaster, and you pay a load of money out to see your numbers through plans, then if it looks completely obviously wrong, they make you jump through hoops and steps for things that should already be figured out for the money you spent, and if you're still unsatisfied, OOPS, you remember this is crypto, and no one has a sense of integrity or fairness, so you are not allowed a refund, and they get to run away with your money. I recommend keeping track of your own trades, and reduce the risk of operating with such a gamble.
  • I had zero negative issues with my experience on this platform.
  • So far, none that I'm aware of because they were able to help me with all of the uploads I needed to sort out.
  • Their UI does lack some of the features of similar sites. Although the UI makes for a good user experience, this is the weakest point as of right now.
  • Processing time for the calculations can take a while (but i had 70,000 transactions)
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.
Coinpanda:

Training

Documentation 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
Coinpanda:

Company Information

Coinpanda
Founded: 2019
Bulgaria
coinpanda.io
TokenTax:

Company Information

TokenTax
Founded: 2017
United States
tokentax.co
Coinpanda:

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TokenTax:

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Coinpanda:
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TokenTax:
Ledgible

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Coinpanda:
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TokenTax:
ZenLedger

ZenLedger

4.8 out of 5 stars
Coinpanda:
Binocs

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TokenTax:
Summ

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Coinpanda:

Categories

Crypto Supported
Crypto Tax Supported
TokenTax:

Categories

Crypto Supported
Crypto Accounting Supported
Crypto Tax Supported
DeFi Tools Supported
Coinpanda:

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
Coinpanda:

Integrations

Bitstamp Supported
Binance Supported
BitMEX Supported
Bitfinex Supported
Coinbase Supported
Ethereum Supported
Gate.io Supported
Gemini Supported
Kraken Supported
KuCoin Supported
Poloniex Supported
Uphold Supported
eToro Supported
BNB Smart Chain (BSC) Supported
Cash App Supported
OpenSea Not Supported
Trezor Supported
TokenTax:

Integrations

Bitstamp Supported
Binance Supported
BitMEX Supported
Bitfinex Supported
Coinbase Supported
Ethereum Supported
Gate.io Supported
Gemini Supported
Kraken Supported
KuCoin Supported
Poloniex Supported
Uphold Supported
eToro Supported
BNB Smart Chain (BSC) Not Supported
Cash App Not Supported
OpenSea Supported
Trezor Not Supported
Coinpanda:
Claim Coinpanda and update features and information
Claim Coinpanda and update features and information
TokenTax:
Claim TokenTax and update features and information
Claim TokenTax and update features and information