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About

TaxBit is the world’s leading technology partner for Tax and Accounting compliance. Our platform provides a single system of record, capable of efficiently powering both information and financial reporting, for high-volume and highly complex asset transactions. Developed in a fast-evolving, digital asset driven world, TaxBit was created by experts for experts and offers: - A single platform: Providing full control of customer data and processes. No more fragmentation across manual processes, multiple vendors, and multiple solutions. - Powerful API technology: The TaxBit Platform automatically ingests, validates, and normalizes data processes for internal teams, external partners, and customers. - Bringing together best-in-class technology and certified experts: Our subject matter experts consist of CPAs, attorneys, IRS and FASB alumni, and Big Four partners who become a seamless extension of your team.

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.

Platforms Supported

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

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

Audience

Enterprises, exchanges, financial institutions, and fund administrators looking to automate, integrate, and report on their digital asset activity

Audience

Cryptocurrency investors or accountants looking for a tax solution

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

Support

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

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

Single or Multiple year SaaS licenses and volume contracts
Free Version Not Supported
Free Trial Not Supported

Pricing

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

Reviews/Ratings

Overall 5.0 / 5
ease 4.0 / 5
features 4.0 / 5
design 5.0 / 5
support 5.0 / 5

Reviews/Ratings

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

Pros & Cons from Real Users

Pros

  • Tax season is very busy but the support team at TaxBit is excellent. In addition to the articles and videos, I was able to easily upload and get my tax returns. Must try if you are skeptical.

Cons

  • The user interface on some pages seemed insufficient but over the last 6 months I have noticed that there has been constant development so I am hopeful with this product.

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.

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Training

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

Company Information

TaxBit
Founded: 2018
United States
taxbit.com

Company Information

TokenTax
Founded: 2017
United States
tokentax.co

Alternatives

Alternatives

Categories

Crypto Accounting Supported
Crypto Tax Supported

Categories

Crypto Supported
Crypto Accounting Supported
Crypto Tax Supported
DeFi Tools Supported

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

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

Integrations

CEX.IO Supported
Coinbase Supported
Ethereum Supported
Gemini Supported
Uphold Supported
Bitstamp Not Supported
Bitcoin Supported
Bitfinex Not Supported
EtherDelta Not Supported
Fireblocks Supported
Gemini Supported
Kryptos Supported
NetSuite Supported
OpenSea Not Supported
Poloniex Not Supported
Polygon Supported
QuickBooks Online Supported
Zerion Not Supported
eToro Not Supported
itBit Not Supported

Integrations

CEX.IO Supported
Coinbase Supported
Ethereum Supported
Gemini Supported
Uphold Supported
Bitstamp Supported
Bitcoin Not Supported
Bitfinex Supported
EtherDelta Supported
Fireblocks Not Supported
Gemini Not Supported
Kryptos Not Supported
NetSuite Not Supported
OpenSea Supported
Poloniex Supported
Polygon Not Supported
QuickBooks Online Not Supported
Zerion Supported
eToro Supported
itBit Supported
Claim TaxBit and update features and information
Claim TaxBit and update features and information
Claim TokenTax and update features and information
Claim TokenTax and update features and information