As cryptocurrencies become more and more a recognized financial asset across most leading jurisdictions, handling your crypto taxes with care becomes a ncessity.
CoinTracker positions itself as a solution to tackling what can otherwise be an overwhelming experience, especially for investors who manage multiple exchanges, wallets, and on-chain transactions.
It offers automated portfolio tracking, tax calculations, as well as easy integrations with the majority of mainstream exchanges – all in one single, easy-to-use dashboard.
Key takeaways:
CoinTracker offers a reliable and accessible crypto tax solution, especially if you value automation and an intuitive interface. It features strong integrations with major exchanges and wallets, as well as with popular fiat bookkeeping tools such as TurboTax. The tool makes importing transactions, cost-basis calculations, and overall filing a lot easier. Premium features include high-end support, as well as tax-loss harvesting and more. CoinTracker is a great solution for most crypto users, primarily those who mostly use mainstream platforms.
Quick summary: Registering an account with CoinTracker is very easy. The onboarding process can also be guided, which is helpful for beginners. There are multiple advanced settings that you will have to configure, but the process is straightforward.
First things first, creating an account with CoinTracker is very easy. You can use your Google profile, your Coinbase account, or your Apple ID. Of course, you can register with a standalone email address as well.
Once you open your account, the platform will guide you through a simple setup. This includes some basic questions such as your country of residence, as well as prompts to import your very first exchange. You can skip all of these and come back to them later if you want.
If you do, however, CoinTracker will automatically set it up and present you with a dashboard, which already tracks your portfolio, based on the information you’ve imported.
If you don’t, you will be presented with a simple screen like this one:
Once you have your account all set up, I highly recommend that you take a look at the advanced tax settings.
Go to Account (bottom left) -> Settings -> Tax. This is the screen that you should see:
You should verify these based on your current tax jurisdiction and select the right choice. Note that CoinTracker supports the most popular cost-basis calculation methods – FIFO, LIFO, and HIFO.
CoinTracker’s interface is very intuitive. In the left sidebar, you will find everything you need to monitor your portfolio. If you navigate to Account health, you will also see some of the issues that CoinTracker monitors and alerts you for, such as:
Once you have all of your exchanges and wallets imported, here’s how an example dashboard overview looks like (image courtesy of CoinTracker):
Importing your wallets and exchanges to CoinTracker is very straightforward. On the top right of your homepage, you will find the “Add Wallet” button, and as soon as you click it, you will see the supported platforms.
You have multiple options to import. These include:
CoinTracker supports a broad range of exchanges and Web3 wallets. As mentioned above, importing them is very easy.
Quick summary: CoinTracker supports more than 500 exchanges, wallets, and blockchains. It imports data automatically, calculates cost basis and gains, and is capable of generating tax-ready forms. It can provide real-time portfolio alerts and insights, while also supporting advanced tax strategies like tax-loss harvesting.
Right off the bat, CoinTracker allows you to import more than 500 exchanges, wallets, and blockchains. If the automated import or the API syncing fails, you will be able to upload a CSV. Once you are connected, your full transaction history, which includes trades, transfers, staking income and other wallet-related movements, will be pulled in a unified ledger.
This particular automation reduces manual entry greatly and it helps you ensure that you don’t overlook any potential taxable events. For all of the major exchanges, CoinTracker does a really good job in automating the imports.
However, some of the lesser-known platforms and more obscure blockchains might still require manual uploads and review.
Who it’s best for: Investors across multiple exchanges or wallets seeking automation when filing crypto taxes.
CoinTracker will automatically calculate your cost-basis and your gain/loss using your connected transaction history. In other words, it aggregates all the data and does the calculations on all of it at the same time. The crypto tax tool will also automatically produce tax-ready documents, which include IRS Form 8949 and Schedule D for the US-based users.
This particular feature is central to its value – it converts raw transaction information into a format that aligns with official tax reporting requirements. It can save you hundreds of hours of manual work. More importantly, it makes sure that the information is presented in a compliant manner and that there are no mistakes when classifying taxable events.
However, keep in mind that if you’re engaging in very complex DeFi transactions and activities, it is highly recommended that you take a second look at the results and verify that they are correct.
Who it’s best for: Traders and investors who need very accurate tax documentation and minimal manual labor.
If you’ve read our article on the best ways to reduce your crypto taxes, you already know that using tax-loss harvesting is high up on that list. If you haven’t, well, I strongly suggest you do that right now!
Beyond basic import and reporting, CoinTracker can also identify tax-loss harvesting opportunities. It can break down tax lots, and thereby potentially reduce your tax liability. This is something that makes it more than just a regular bookkeeping tool – it also offers strategic value.
For example, the software is capable of flagging assets that show unrealized losses, which may offset realized gains when you sell. This is a very strong feature for proactive investors, but in many cases it’s shielded behind a high-tier paywall, so full access usually comes with increased pricing.
Who it’s best for: Active traders who want to optimize their tax outcomes.
If you’re like me, you like seeing all of your assets in one place. CoinTracker gives you a live dashboard, which shows your crypto holdings, asset allocation, as well as the realized and unrealized gains/losses over time. This allows you to quickly and easily monitor your entire crypto portfolio all within a unified dashboard.
This is helpful, because you can understand not just the tax implications, but also your overall portfolio health and make better financial decisions. The view is very clear and updated and you don’t have to switch between exchanges.
Of course, its accuracy is strictly based on the information you’ve imported, so missing transactions can easily distort the broader overview.
Who it’s best for: Investors who need visibility into their investment performance and tax exposure.
Undoubtedly, security is a primary concern when you are connecting your APIs to financial and crypto platforms. CoinTracker is using read-only API integrations, as well as end-to-end encryption, token-based two-factor authentication, and also supports many smart contracts and dApps to reflect its coverage.
This means you can trust it to handle your transaction data securely. Of course, while this level of security offers certain peace of mind, I highly encourage you to verify wallet permissions and to keep your personal credentials secure.
Who it’s best for: Users who want to prioritize data protection and want audit-ready compliance for their crypto tax workflow.
CoinTracker integrates with QuickBooks and Xero. This means you can sync your crypto transactions directly into these accounting ledgers. The integrations can further streamline your tax workflow, especially if you are an accountant or a crypto-oriented business by aligning crypto activities with fiat bookkeeping systems.
Moreover, CoinTracker also offers automatic exports to tax-filing platforms such as TurboTax and H&R Block Tax Software. This enables compliant crypto-tax reports that are ready for whoever is handling your taxes.
Who it’s best for: Accountants, tax professionals, crypto-oriented businesses, and firms with substantial activities in the industry.
Quick summary: CoinTracker offers a free tier for those who are interested in mostly monitoring features. The paid plans start at around $59 per tax year and scale up to high-volume tiers and enterprise solutions. Higher tiers unlock more features and a higher transaction count.
Cost: $0
Includes: Unlimited imports (tax-form downloads require an upgrade), portfolio tracking, import of exchange/wallets, live dashboard, and basic tax summary.
Best for: Beginners or casual users looking to test the platform, or who want to consolidate their portfolio overview in a single dashboard.
Cost: $59/year
Includes: Up to 100 transactions, all Free features + downloadable tax forms, support for tax-software export, some staking-limit exclusions.
Best for: Intermediate crypto users who have moderate trade volume and are not active traders.
Cost: $199/year
Includes: Up to 1,000 transactions, all Base Plan features + tax-loss harvesting, performance and portfolio analytics, priority support.
Best for: The majority of active traders, multi-exchange users, or those who have many wallets and seek optimization tools and higher transaction limits.
Cost: $3499/year
Includes: You pretty much get a dedicated account manager who handles everything for you.
Best for: Very high-volume traders, institutions, accounting firms, or users with very large portfolios and transaction count.
Quick summary: CoinTracker delivers strong performance and reliability for the majority of crypto users looking for tax assistance. This is especially true for those of you who use mainstream exchanges and standard Web3 wallets. Its support infrastructure is also very solid and ranked highly by thousands of users.
CoinTracker’s system, in general, is developed to process a large volume of crypto transactions in an efficient way. It supports more than 500 different exchanges, Web3 wallets, and blockchain networks, providing automatic classification of transaction types and generates reports. Syncing data from major exchange venues like Coinbase, Binance, and others, will most likely go smoothly for you – as it did for me and many others. Portfolio tracking updates are also very fast. At the same time, if you try to connect lesser-known apps, chances are that you will have to do some manual work. But it’s important to note that this is common for the majority of the best crypto tax software solutions.
In my experience, CoinTracker was performing reliably, and this seems to be the shared consensus. The real-time portfolio tracking, as well as the core features such as automatic tax-form generation, work consistently. Even if you are using an obscure exchange or want to sync transaction data for rare tokens, as long as you import the information correctly, CoinTracker is likely to handle the rest accurately and reliably.
CoinTracker’s customer support receives almost exclusively positive feedback. Users on Trustpilot have given it a score of 4.7 out of 5 based on a whopping 1600+ reviews. According to the majority of testimonials, the team helps troubleshoot complex imports and tax-form exports and provides quick assistance.
Considering your alternatives is always important. Some notable competitors to CoinTracker include Koinly, CoinLedger, TokenTax, and CryptoTaxCalculator.
You can find a detailed breakdown and ocmparison in the following chart:
Yes. CoinTracker uses read-only APIs for imports, as well as end-to-end encryption and two-factor authentication. It is considered safe to use, and there are no reported incidents.
CoinTracker does a great job of automating transaction imports, calculations of cost-basis, and offering advanced tax-reduction strategies. However, Koinly is known for superior exchange integration support and more accessible product suite altogether.
CoinTracker is not a broker or an exchange, and as such, it bears no responsibility to report to the IRS. However, you, as the user, are obligated to provide the necessary tax forms according to the deadlines.
CoinTracker has a free tier, but it is limited to mostly monitoring features. If you want to use any of the advanced features, you will have to upgrade to a paid plan.
CoinTracker is generally regarded as a safe and reliable crypto tax and portfolio-tracking platform. It’s supported by strong security standards and a long operational history.
The fact that it uses read-only API connections means that it’s unable to move or withdraw user funds under any circumstances. In other words, all wallet and exchange integrations are designed strictly for data retrieval – this minimizes risk significantly.
In addition, CoinTracker is a great option for users who trade or invest through mainstream crypto platforms and Web3 wallets.
Overall, CoinTracker is considered both safe and performant for casual investors and even for high-volume traders.
