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What is the best app for tracking crypto taxes?

avatarAby MathewDec 16, 2021 · 3 years ago3 answers

I am looking for the best app to help me track my crypto taxes. Can anyone recommend a reliable and user-friendly app that can handle the complexities of calculating taxes for cryptocurrency transactions?

What is the best app for tracking crypto taxes?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best apps for tracking crypto taxes is CoinTracker. It offers a user-friendly interface and supports a wide range of cryptocurrencies. It can automatically import transactions from popular exchanges and wallets, making it easy to calculate your tax liabilities. Additionally, CoinTracker provides detailed tax reports that can be easily shared with your accountant or tax professional.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for a more advanced option, you might want to consider using CryptoTrader.Tax. This app is specifically designed for cryptocurrency tax calculations and offers features like FIFO, LIFO, and specific identification accounting methods. It supports a large number of exchanges and wallets, making it suitable for traders with diverse portfolios. CryptoTrader.Tax also provides detailed tax reports that can be used for filing your taxes.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we have developed our own app for tracking crypto taxes. Our app is designed to simplify the tax reporting process for cryptocurrency traders. It supports a wide range of exchanges and wallets, and offers features like automated transaction importing and tax calculation. Our app also provides detailed tax reports that can be easily exported and shared with tax professionals. Give our app a try and see how it can help you streamline your crypto tax reporting.