Filing crypto taxes remains a persistent challenge for users worldwide, especially for those engaging in complex transactions across multiple wallets and blockchains. Whether you're in the UK, Canada, the US, or Australia, finding reliable cryptocurrency tax software is crucial when tax season arrives. This guide explores the best platforms to streamline your crypto tax reporting in 2025.
Why Accurate Crypto Tax Filing Matters
Few missteps in crypto carry heavier consequences than incorrect tax filings—or worse, neglecting them entirely. While the complexity of crypto taxes can be daunting, third-party software offers a practical solution to ensure compliance and minimize errors.
Understanding Short-Term vs. Long-Term Capital Gains
Crypto transactions are taxed based on profit, not total sale value. For example:
- Profit Calculation: If you buy 1 BTC at $10,000 and sell it for $60,000, your taxable profit is $50,000.
Holding Periods:
- Short-term: Assets sold within 1 year are taxed as ordinary income.
- Long-term: Assets held over 1 year qualify for lower tax rates.
👉 Learn how to optimize your crypto tax strategy
Disclaimer: Consult a tax professional for personalized advice.
Best Crypto Tax Software for 2025
1. CoinLedger
Trusted by 500,000+ users, CoinLedger supports:
- Centralized (CEX) and decentralized exchanges (DEX).
- NFT tax calculations.
- Intuitive setup with pay-only-when-ready pricing.
2. Accointing (Now Blockpit)
Ideal for beginners, Accointing offers:
- Automated tax calculations.
- Guided workflows for adding exchanges.
- Note: Acquired by Blockpit in 2023 after Glassnode’s pivot from tax services.
3. Koinly
Founded in 2018, Koinly enables:
- Tax reports in under 20 minutes.
- Support for 17,000+ tokens and 400+ exchanges.
- Global compatibility (20+ countries).
4. CoinTracker
Features include:
- Pre-submission sharing with accountants.
- Integration with 10,000+ cryptocurrencies and 300+ exchanges.
- DeFi/NFT support (e.g., OpenSea, Uniswap).
5. TurboTax
While not crypto-exclusive, TurboTax’s Premier Plan:
- Supports crypto transaction reporting.
- Best used alongside dedicated crypto tax tools.
FAQs
Q: Can I use crypto tax software for NFTs?
A: Yes! Platforms like CoinLedger and CoinTracker include NFT tax calculations.
Q: What if my country isn’t supported by Koinly?
A: You can still use Koinly if your country follows standard cost-basis methods.
Q: Is TurboTax sufficient for crypto taxes alone?
A: For complex crypto activities, pair TurboTax with specialized software like CoinTracker.
Final Notes
Accuracy in crypto taxes is non-negotiable. The right software saves time, reduces errors, and ensures compliance. While alternatives exist, the platforms above offer robust solutions tailored to diverse needs—whether you’re a DeFi enthusiast, NFT collector, or frequent trader.
For further insights, dive into our detailed comparisons and case studies.