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.
Rating: 4.7/5
Best for: Crypto investors, NFT traders, and DeFi users who need automated tax reporting and portfolio management.
Try CoinLedger: Visit Official Site
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