CoinTracker Logo

Cost:

 

$0-$199 (over $199 for a customized plan)

Supported platforms:

 

SaaS, iPhone, Android, Mac

Free trial:

 

Free plan available

Support:

 

Online

Editorial Rating

CoinTracker Logo

Editorial Rating

CoinTracker Review

Advertiser disclosure This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that spendmenot.com may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners.

Cost:

 

$0-$199 (over $199 for a customized plan)

Supported platforms:

 

SaaS, iPhone, Android, Mac

Free trial:

 

Free plan available

Support:

 

Online

Mobile app:

 

Yes

Exchange integrations:

 

300+

CoinTracker Logo

Editorial Rating

With the number of people buying cryptocurrencies soaring every day, so is the number of those who have to pay taxes on crypto transactions.

If you only make a small number of them a year, tracking what you owe in taxes shouldn’t be that difficult.

Still, whether you are a beginner or an experienced trader, crypto tax software makes it easier to keep track of your crypto activity and figure out how much you’ll have to give on crypto tax each year.

With crypto tax software like CoinTracker, you can automatically sync your exchanges and wallets, calculate your capital gains and losses, and produce final tax reports, which could be used to file your taxes.

This CoinTracker review will provide you with a deeper look into the software’s tools. So, keep reading and find out if this is the right software for you.

What Is CoinTracker?

The company was founded in 2017 in California with the goal of changing the crypto-tracking game. Aside from making it easy to keep track of your crypto activity, it also offers tools that facilitate crypto tax calculations.

CoinTracker supports over 300 exchanges and 10,000+ cryptocurrencies. You can easily keep track of information about your crypto assets via a dashboard that includes details such as real-time prices, historical data, deposits and withdrawals, and market caps.

Additionally, with Cointracker, you can easily import and export CSV files.

How Does CoinTracker Work?

To sign up for CoinTracker, users must be at least 18 years of age. The process of creating an account takes just a few seconds. To sign up, just follow the steps below:

  • Visit the company’s official website and click on “try it free”.
  • Sign up using your email address or Google or Coinbase account
  • If you opt for email/Google account, follow the link you’ll receive in your inbox
  • After logging in, add your exchanges and wallets to your account
  • Set up 2FA (Two-factor Authentication) to secure your account

Adding a Coinbase account will require entering a verification code you’ll receive via SMS. After entering it, the process will be completed.

CoinTracker Features

Using CoinTracker is possibly the best way to track your crypto portfolio (or at least one of the best). Let’s see what services this crypto tax software offers.

Error reconciliation

Mistakes often happen. Luckily, there is no need to worry — CoinTracker simplifies the process of investigating the errors of your assets.

If you have problems with submitting data issues with duplicate or missing transactions, CoinTracker has a solution to all of that. The error reconciliation feature is included in all its plans, including the free one.

CoinTracker’s tax forms

The platform’s number one priority is helping its users stay compliant with cryptocurrency tax laws. You can easily download a CoinTracker tax report and file it with TurboTax, TaxAct, or your own accountant.

CoinTracker provides the following tax forms:

  • Capital gains download (CSV)
  • Transaction history (CSV)
  • IRS Form 8949 report
  • IRS Schedule D (Form 1040) report

Mobile app

CoinTracker has its own mobile app available on Google Play Store and Apple App Store. It allows users to keep track of their portfolio on the go. Also, you can set price alerts for any coin you wish, so you’ll be notified when the price reaches your target.

Multiple cost basis methods

CoinTracker users can generate their tax forms by selecting one of five cost basis methods. These include:

  • First in first out (FIFO)
  • Highest in first out (HIFO)
  • Last in first out (LIFO)
  • Share pooling (AS)
  • Adjusted cost base (ACB)

CoinTracker’s Integrations

Let’s check out some of the most popular crypto exchanges, wallets, and DeFi protocols that CoinTracker supports:

Exchanges

Wallets

  • Exodus
  • Ledger
  • Trezor
  • Metamask
  • Trust Wallet

DeFi integrations

  • Uniswap
  • Compound
  • IDEX
  • Maker

CoinTracker Pricing

CoinTracker plans come in four tiers, three of which are paid:

  • Free plan ($0) – this plan isn’t paid but is quite limited — it comes with only 25 transactions per year. Aside from the downloadable reports, the plan also includes error reconciliation, cost basis methods, and forum support.
  • Hobbyist plan ($59 per year) – has the same features as the free plan but offers more transactions — up to 100.
  • Premium plan ($199 per year) – includes all Hobbyist plan features plus up to 1,000 transactions, margin trading, DeFi functionality, tax summary by wallet, and email support.
  • Unlimited plan (priced individually) – this plan offers everything from the Premium plan plus concierge support and a higher number of transactions. Depending on how many transactions you need, you could pay anywhere from $299 to $2,999 for the plan.

However, this plan is customizable, so you can contact the CoinTracker team and agree on a price based on the features you require.

Note: all plans have a 30-day money-back guarantee. 

Is CoinTracker Safe?

When you start using CoinTracker, the platform can only have access to your transaction history, but not your assets. Therefore, in case of a hacker attack, no one can actually access your crypto assets.

CoinTracker has been certified with SOC 2, which means it provides better protection than that offered by standard security measures.

Lastly, CoinTracker clearly states it will never sell your personal data to third-party sources — it is only used for tracking crypto activity and generating tax reports.

CoinTracker Customer Reviews

Unlike its competitors such as TaxBit and ZenLedger, CoinTracker has poor reviews on Trustpilot. However, many customers only have positive things to say about this crypto tax software.

Let’s see some of the things that users like about CoinTracker:

  • Easy to put all your info in one place
  • Great customer service
  • Excellent way of tracking the wallets and exchanges
  • Great mobile app

Also, we’re going to mention some of the things that users dislike:

  • Some users reported duplicate transactions and errors despite the error correction feature
  • Many users reported they waited a long while for a refund or never even got one
  • Some customers said they have problems with importing CSV files

CoinTracker Alternatives

Let’s check out how CoinTracker compares to its closest competitors in terms of pricing, products, and services offered.

CoinTracker vs CoinTracking

Both offer free plans. However, CoinTracking’s free plan includes up to 200 transactions, whereas CoinTracker’s is limited to 25.

Moreover, CoinTracking’s priced plans are much cheaper than CoinTracker’s.

However, CoinTracker supports around 200 exchanges more than CoinTracking.

CoinTracker vs Koinly

Again, both offer free plans, with Koinly’s allowing up to 10,000 transactions. However, Koinly’s free plan is essentially a never-ending free trial — it offers many features, but you can’t generate tax reports with it.

Another big difference is that although primarily intended for UK citizens, Koinly provides full support for more than 20 countries. Meanwhile, CoinTracker only offers full support for citizens of the US, Canada, Australia, and the UK.

For more information about the differences, check out our detailed comparison of Koinly vs CoinTracker.

CoinTracker vs TaxBit

CoinTracker has a mobile app, while TaxBit doesn’t.

However, unlike CoinTracker customers, those who sign up for TaxBit can enjoy a 14-day free trial.

Wrap Up

Taking into account numerous CoinTracker reviews and what customers had to say about the software, what we can conclude is — CoinTracker is an all-powerful instrument for tax preparation.

All in all, the platform is exceptionally useful if you don’t understand how crypto taxes work and will help reduce the time you’d spend on tax calculations.

Pros

  • Free plan available
  • 30-day money-back guarantee for all the pricing plans
  • Mobile app available

Cons

  • Limited features for high-end traders
  • Margin and DeFi support reserved for high-value plans
CoinTracker Logo

Editorial Rating

FAQ

How much does CoinTracker cost?

CoinTracker offers four plans — a free one and three priced ones: the Hobbyist plan ($59 per year), the Premium plan ($199 per year), and the Unlimited plan (priced individually).

Is CoinTracker owned by Coinbase?

No. However, CoinTracker has partnered with Coinbase to help Coinbase users with crypto tax reports.

Is it safe to connect Coinbase to CoinTracker?

To integrate with Coinbase, the platform requests read-only access to your Coinbase account data. What this means is that CoinTracker can’t access your actual assets.

Is CoinTracker good for taxes?

In this CoinTracker review and many others available online, you’ll find the software is seen as an excellent solution for both keeping track of your crypto activity as well as helping you with crypto tax calculations.