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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

The Ledgible Platform provides cryptocurrency tax and accounting software for accountants, tax professionals, consumers, businesses, enterprises, and institutions. Our tax product, Ledgible Crypto Tax Pro, services tax and accounting professionals seeking to manage and file their client's crypto taxes. Our accounting product, Ledgible Accounting, is utilized by enterprises and institutions to manage and account for crypto data. Ledgible is fully SOC 1 & 2 Type 2 Audited and was designed from the ground up for professional and institutional use. We have established partnerships with some of the largest tax & accounting software companies on the market to ensure crypto data can be managed in traditional systems. In short, Ledgible makes crypto, legible.

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

Platforms Supported

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

Audience

Crypto investors, standalone tax firms and tax software providers

Audience

Accounting firms, Institutions, and Consumers looking for a crypto tax & accounting solution

Support

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

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

API

Offers API Not Supported

API

Offers API Supported

Screenshots and Videos

No images available

Screenshots and Videos

Pricing

$49 per user
Free Version Supported
Free Trial Not Supported

Pricing

Free
Less than 100 transactions
Free Version Not Supported
Free Trial Supported

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 5.0 / 5
features 4.8 / 5
design 4.8 / 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 the amount of integrations that it provides. Makes connecting all my wallets and trades very very easy.
  • Best online crypto tax platform that allows you to monitor all your crypto currency activities and produce tax reports. Single platform where we perform our financial activities and left the worries behind.
  • I like how my clients' portfolio is automatically integrated with their profiles and it calculates the taxes on their losses and gains.
  • Ledgible has the ability to not only provide a snapshot of our assets balance and capture every crypto transactions. This greatly improve our crypto accounting records and financial assets report.
  • Ledgible has some of the best manual categorization of crypto on the market. I come from tools like Cointracker, where if there isn't a direct integration, you can't use it. This isn't the case with Ledgible, and fit my needs perfectly.

Cons

  • I haven't found anything that I don't' like about this as of yet.
  • Take some professional mange the reports and customer portfolio and made some advisory services.
  • The only con would be to offer a lower-tier package for smaller businesses.
  • Since there are so many new chains and DeFi with crypto, sometimes the software doesn't have the integration we need.
  • A little pricy for my transaction volume, but I think most of the tools today or fairly similar.

Training

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

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Descrypt
Founded: 2022
India
www.descrypt.com

Company Information

Ledgible
Founded: 2016
United States
ledgible.io

Alternatives

Alternatives

Catax

Catax

Block Chain Innovation Pvt Ltd
AEM Journaler

AEM Journaler

AEM algorithm

Categories

Crypto Tax Supported

Categories

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

Corporate Tax Features

Compliance Management Supported
Data Import / Export Supported
Data Verification Supported
Electronic Filing Supported
Exception Notification Not Supported
For Nonprofits Not Supported
For Partnerships Not Supported
K-1 Reporting Not Supported
Payroll & Employer Forms Supported
Status Tracking Supported
Tax Planning Supported

Tax Practice Management Features

Approval Process Control Not Supported
Billing & Invoicing Not Supported
Client Management Supported
Client Portal Supported
Document Management Supported
Due Date Tracking Supported
Scenario Planning Not Supported
Tax Filing Supported
Tax Forms Supported
Workflow Management Supported

Integrations

Bitstamp Not Supported
Bibox Not Supported
Binance Not Supported
Bitfinex Not Supported
Blockchain.com Not Supported
Canton Not Supported
Coinbase Not Supported
DigiShares Not Supported
Gemini Not Supported
HTX Not Supported
HitBTC Not Supported
Kraken Not Supported
NetSuite Not Supported
OKX Not Supported
Poloniex Not Supported
QuickBooks Online Not Supported
QuickBooks Online Advanced Not Supported
Xero Not Supported

Integrations

Bitstamp Supported
Bibox Supported
Binance Supported
Bitfinex Supported
Blockchain.com Supported
Canton Supported
Coinbase Supported
DigiShares Supported
Gemini Supported
HTX Supported
HitBTC Supported
Kraken Supported
NetSuite Supported
OKX Supported
Poloniex Supported
QuickBooks Online Supported
QuickBooks Online Advanced Supported
Xero Supported
Claim Descrypt and update features and information
Claim Descrypt and update features and information
Claim Ledgible and update features and information
Claim Ledgible and update features and information