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About

Descrypt is India's leading crypto taxation software. Launched in 2022, Descrypt supports more than 35 exchanges and wallets. Choosing Descrypt has a lot of advantages. Descrypt's direct exchange integrations helps it drive accuracy in tax PnL calculations when compared to other platforms. Its affordability also makes it a preferred choice for most crypto investors. Descrypt powers crypto taxation, through its exclusive partnerships, of the largest software taxation firms in India such as Clear and TaxBuddy. Descrypt has offerings supporting: - crypto investors - tax firms/ tax preparers / Chartered Accountants (CAs)/ CPAs through their partner portal and - software tax firms through their API Suite Descrypt is now available for US and UK investors and is the most affordable tool in this segment.

About

Make tax reporting easy, reliable and accurate with Koinly. Simply connect your exchange accounts / public addresses and let Koinly calculate your capital gains, then generate a tax report for next year. Your final report is accepted by your tax agency and easy to print & file. Koinly is an accounting and tax reporting software for cryptocurrency investors, hobbyists and accountants. With over 700 integrations, Koinly supports over 400 Exchanges, 100 Wallets and over 170 Blockchains. This makes it easier for you to get the most out of your crypto capital gains. Easily track your crypto assets & taxes View your total holdings and portfolio growth over time - across all your wallets and accounts - along with your tax liabilities. Reliable cryptocurrency tax reports Preview your capital gains and taxes for free. Generate tax documents when you are ready. Easily find and fix issues with your transactions Say goodbye to absurd gains and inaccurate tax reports.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Crypto investors, standalone tax firms and tax software providers

Audience

Cryptocurrency investors or accountants looking for a tax solution

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

No images available

Screenshots and Videos

Pricing

$49 per user
Free Version
Free Trial

Pricing

Free
Koinly gives you more for less, with a generous free plan that features 10,000 transactions and support for over 700+ integrations including DeFi and NFTs.

Koinly also offer annual plans for when you are ready to generate your tax report:

* $49 for 100 transactions
* $99 for 1,000 transactions
* $179 for 3,000 transactions
* from $279 for 10,000+ transactions
Free Version
Free Trial

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Reviews/Ratings

Overall 4.9 / 5
ease 4.6 / 5
features 4.5 / 5
design 4.6 / 5
support 4.9 / 5

Pros & Cons from Real Users

Pros

  • * The most accurate P&L calculation. * Seamless fetching of cost basis. * Integration with most of the exchanges I traded. * Terrific customer support. * Domain experts in US, and Indian crypto tax laws. * Bulk transaction upload support. * Their P&L reports are vetted by independent tax experts. * The UI is quite slick and intuitive to use.

Cons

  • * The cost basis correction for more than 20 transactions gets tedious. I hope they roll out a bulk update feature here.

Pros & Cons from Real Users

Pros

  • I love that it can handle many blockchains and CEX's, the pricing is good. And also the customer support is amazing.
  • Just really amazing support with complicated Defi and NFT transactions, above and beyond what one would expect.
  • I find the Crypto Tax Reporting a bit complex and using Koinly and especially their Support Team has make it much simpler.
  • As a tax professional, I really love using Koinly’s service for my crypto clients! And whenever there’s an issue, the support team is very responsive and helpful! I’d very highly recommend Koinly!
  • Expert Service, Wallet Synchronisation, Tax Reporting, Free Trial Longevity, User Interface, Performance, Availability.

Cons

  • Maybe that it still has some issues with some relatively unknown chains (that have their own quirks like being able to pay gas in stable coins,...) , but it's understandable given the amount of chains they support.
  • Still early days for NFT and Defi transactions so requires a fair bit of manual adjustment.
  • Sometimes it took longer to get a response, but I understand that there are a TON of people looking for support and expertise. At the end of the day, they ALWAYS came through.
  • On one occasion I did receive an unfamiliar error message, but the team was very quick to resolve it!
  • Transaction search facility by contract is missing, transaction filtering could be improved, version control.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Descrypt
Founded: 2022
India
www.descrypt.com

Company Information

Koinly
Founded: 2018
United Kingdom
koinly.io

Alternatives

Alternatives

Catax

Catax

Block Chain Innovation Pvt Ltd
CryptaTax

CryptaTax

CryptaCount

Categories

Categories

Crypto Tax Features

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

Corporate Tax Features

Compliance Management
Data Import / Export
Data Verification
Electronic Filing
Exception Notification
For Nonprofits
For Partnerships
K-1 Reporting
Payroll & Employer Forms
Status Tracking
Tax Planning

Tax Practice Management Features

Approval Process Control
Billing & Invoicing
Client Management
Client Portal
Document Management
Due Date Tracking
Scenario Planning
Tax Filing
Tax Forms
Workflow Management

Integrations

Abra
Armory
B2BX
Beaxy
BitForex
CEX.IO
ChainX
CoinJar
DigiByte
Electrum
Energi
GOPAX
Helium Blockchain
IDCM
Moonlet
wallet.io

Integrations

Abra
Armory
B2BX
Beaxy
BitForex
CEX.IO
ChainX
CoinJar
DigiByte
Electrum
Energi
GOPAX
Helium Blockchain
IDCM
Moonlet
wallet.io
Claim Descrypt and update features and information
Claim Descrypt and update features and information
Claim Koinly and update features and information
Claim Koinly and update features and information