CoinLedger Review: A Leading Crypto Tax Reporting & Portfolio Tracker

CoinLedger (formerly known as CryptoTrader.Tax) is a crypto tax software and portfolio tracking solution designed to help investors and traders automate tax calculations, track transactions, and generate tax reports. With support for exchanges, wallets, and DeFi protocols, CoinLedger makes it easy to stay compliant with tax regulations across multiple jurisdictions. In this review, we’ll explore CoinLedger’s features, pricing, security, usability, and how it compares to other crypto tax tools.

Key Features

1. Crypto Portfolio Tracking

CoinLedger provides a real-time portfolio tracking dashboard for users to monitor crypto holdings, transactions, and capital gains.

Tracks 10,000+ cryptocurrencies
Real-time profit/loss insights
Multi-wallet and exchange support
Tax-adjusted portfolio tracking

2. Exchange & Wallet Integrations

CoinLedger automates transaction imports via API connections and CSV uploads.

Exchange support: Binance, Coinbase, Kraken, KuCoin, FTX, and more
Wallet integrations: MetaMask, Trust Wallet, Ledger, Trezor
DeFi & NFT support (expanding to new chains)

3. Automated Crypto Tax Reporting

One of CoinLedger’s standout features is its automated tax compliance tool, which helps users generate tax reports with ease.

Supports FIFO, LIFO, HIFO, and ACB tax methods
Capital gains, income, and staking tax calculations
Generates IRS Form 8949, Schedule D, and more
Exports to TurboTax, TaxAct, and CPA-friendly formats

4. DeFi & NFT Tax Support

CoinLedger is one of the few crypto tax tools that supports DeFi and NFT transactions, making it ideal for Web3 users.

DeFi staking, yield farming, and lending tax tracking
Ethereum & Solana-based NFT reporting
Taxable events identification for DeFi interactions

5. Tax Loss Harvesting

CoinLedger includes tax optimization tools to help users reduce taxable gains and increase deductions.

Identifies opportunities for tax loss harvesting
Provides audit-ready reports for tax compliance

6. Multi-Platform Access

CoinLedger is available on Web & Mobile, offering a seamless experience across devices.

Cloud-based access for easy report generation
Automated notifications & tax reminders
Customizable dashboards & tracking tools

7. Security & Privacy

CoinLedger follows industry standards for secure data handling and privacy protection.

Read-only API connections (no withdrawal access)
Data encryption & secure authentication
Compliance with GDPR & tax authority requirements

Pricing

CoinLedger offers a free plan for tracking and paid plans for tax reporting.

Free Plan: Track transactions & import data (no tax reports)
Hobbyist Plan: $49/year (100 transactions, tax reports included)
Day Trader Plan: $99/year (1,500 transactions, tax optimization features)
High Volume Plan: $199/year (5,000+ transactions, advanced tax support)
Unlimited Plan: Custom pricing for businesses & high-frequency traders

Pros & Cons

Pros

Automated tax reporting for multiple jurisdictions
Seamless API integrations with exchanges & wallets
Tracks DeFi, staking, and NFTs
Tax loss harvesting for optimized tax savings
User-friendly interface & multi-platform access
Free plan available for portfolio tracking

Cons

Free version doesn’t include tax reports
DeFi & NFT tracking is still expanding
Premium plans can be costly for high-volume traders

Comparison with Competitors

Feature	CoinLedger	Koinly	CoinTracker	Crypto Pro
Free to Use	(Limited)	(Limited)	(Limited)	(Basic)
API Syncing
Crypto Tax Reports
DeFi & NFT Tracking			(Limited)
Mobile & Web Access				(Apple-Only)
Tax Loss Harvesting

Who Should Use CoinLedger?

CoinLedger is best suited for:

Crypto investors who need automated tax reporting
DeFi and NFT traders looking for tax compliance tools
Users who need tax-optimized trading insights
Individuals or businesses filing crypto taxes
Traders who want seamless portfolio management with API sync

Final Verdict

CoinLedger is a top-tier crypto tax reporting and portfolio tracking tool for investors and traders who need automated tax calculations and compliance tools. While its free plan is limited, its tax optimization features, API integrations, and NFT/DeFi support make it a must-have for serious crypto users.