ZenLedger Logo

Cost:

 

$0–$999

Supported platforms:

 

SaaS, iPad, Windows, Mac, Linux

Free trial:

 

Free plan available

Support:

 

Business hours, 24/7 live support, online

Editorial Rating

ZenLedger Logo

Editorial Rating

ZenLedger Review

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Cost:

 

$0–$999

Supported platforms:

 

SaaS, iPad, Windows, Mac, Linux

Free trial:

 

Free plan available

Support:

 

Business hours, 24/7 live support, online

Mobile app:

 

No

Exchange integrations:

 

400+

ZenLedger Logo

Editorial Rating

Are you new to the crypto world, or have you been its part for a while? Either way, you’ll need to pay taxes. With regulations kicking in, calculating crypto taxes is a must — especially if you want to avoid jail time for tax fraud.

Keeping track of your crypto activity for tax purposes can be tricky. Fortunately, cryptocurrency tax software like ZenLedger can automate this task and provide you with ready-to-file paperwork.

Read our ZenLedger review to find out how the software works.

What Is ZenLedger?

Founded in 2017 in Bellevue, Washington, the company is known for its widely used crypto tax software. ZenLedger intends to ease DeFi, NFT, and crypto taxes for investors and tax professionals.

The software was created to facilitate crypto tax accounting for crypto traders and tax experts. ZenLedger integrates with over 400 crypto exchanges and cryptocurrency networks.

So, let’s determine whether this software is the right call for you.

ZenLedger Services

You want to know what the software offers? Read our findings on the variety of ZenLedger services.

Tax-loss harvesting

Zenledger’s tax-loss harvesting tool can help crypto traders minimize their capital gains tax liability. It allows insight into unrealized gains and losses. It also gives advice on how to harvest losses.

What’s great about this feature is that all ZenLedger customers have access to it, regardless of the plan they use.

Free crypto tax software

ZenLedger offers cryptocurrency tax software solutions for free. While the free plan comes with certain restrictions (such as a limited number of transactions — only 25), it allows users to download detailed tax reports generated by ZenLedger. This is an excellent option for traders who don’t have that many crypto transactions per year.

Integrations

When it comes to the exchanges, wallets, blockchains, and DeFi protocols ZenLedger can work with, the list is extensive. Still, let’s check out some integrations ZenLedger allows.

Exchanges and wallets

ZenLedger directly integrates with an impressive number of exchanges and wallets. It supports them through API or CSV.

These are just a few of the 400+ exchanges that ZenLedger supports directly:

As for the wallets ZenLedger integrates with, these include:

  • Abra
  • Exodus
  • MyEtherWallet
  • Metamask
  • Ledger
DeFi integrations

ZenLedger is widely known for supporting a significant number of decentralized financial services on blockchains. The software supports 20+ DeFi protocols, which is outstanding compared to its competitors (for example, TaxBit only supports four).

Some DeFi protocols that ZenLedger supports include:

  • Ethereum
  • PancakeSwap
  • Uniswap
  • Aave
  • Curve
  • Synthetix
TurboTax integration

ZenLedger and TurboTax can be used together to help you with your cryptocurrency taxes. So, if you have difficulties understanding and calculating the crypto tax rates, don’t worry.

Since ZenLedger allows exporting all crypto tax-related documents it generated to TurboTax, you can combine these with your overall yearly tax reports.

ZenLedger’s tax forms

ZenLedger can easily generate tax forms using your cryptocurrency transaction history. These are used to declare capital gains and losses from your crypto assets.

ZenLedger provides the following tax forms:

  • IRS Schedule 1
  • IRS Schedule D
  • IRS Form 8949

In general, ZenLedger allows you to save time and improve the accuracy of your crypto tax returns. If you’re a new investor or don’t trade often, software like ZenLedger will probably be adequate.

Grand unified accounting

This feature offers users an overview of all the transactions they’ve imported from various exchanges and wallets (with taxes included), and it’s based on the settings you choose.

You can easily download it as a spreadsheet and even share it with your CPA for additional verification.

How to Use ZenLedger?

Getting started with ZenLedger is easy and free, but its services are only available to individuals aged 18 or above.

The process of creating an account is quite simple:

  • Visit the official homepage of the company
  • Click on the get started for free button

You can create a ZenLedger account via your e-mail address or your Coinbase or Google accounts.

ZenLedger Pricing

Depending on what you need ZenLedger for, you can get one of five Crypto Tax DIY plans, or one of three Tax Professional Prepared plans.

  • Free plan ($0 per year) – comes with only 25 crypto transactions per year. However, it includes many services available in paid plans as well.
  • Starter plan ($49 per year) – limited to 100 crypto transactions per year that can be imported into the ZenLedger accounting software. However, services like DeFi and staking aren’t included in this plan.
  • Premium plan ($149 per year) – users are able to import up to 5,000 transactions per year. This popular plan includes everything from the Starter plan plus support for DeFi protocols, staking, and margin trading.
  • Executive plan ($399 per year) – with it, customers can import up to 15,000 transactions per year. DeFi, staking, and margin trading are also available in this plan.
  • Platinum plan ($999 per year) – comes with everything from the previous plans plus  unlimited transactions.

If you want to leave crypto tax calculations to professionals, ZenLedger also offers tax professional prepared plans. This allows users to have their taxes prepared by a certified tax professional.

Depending on how much you’re willing to pay, you can get a:

  • Consultation, where a tax professional will provide you answers to all the crypto-tax-related questions you may have. A 30-minute consultation will cost you $295.
  • Single-year tax report – a tax professional will prepare crypto tax reports for the current year, which will cost you $3,500 per year.
  • Multi-year tax report – a tax professional will prepare crypto tax reports for two years. This will cost you $6,500 per year.

Is ZenLedger Safe?

ZenLedger is completely safe to use. You do give the software access to your crypto transaction history, but it can’t access your assets. In addition to this, you don’t need to create an account with ZenLedger via your personal email address, and you can delete it after you get your tax forms.

Finally, when integrating your exchanges and wallets, you never disclose your private wallet keys.

ZenLedger Customer Reviews

While analyzing what customers had to say about ZenLedger, we established the reviews were mostly positive.

Here’s what ZenLedger customers like about the software:

  • Easy exchange and wallet integrations
  • Easy tracking of assets
  • Cryptocurrency beginners find the platform easy to use
  • Users often praise ZenLedger’s customer support

Here’s what ZenLedger customers weren’t so happy with:

  • Software glitches and malfunctions
  • Overcharging

However, ZenLedger seems to be quick in replying to negative reviews and strives to resolve problems in a timely manner.

ZenLedger Alternatives

Let’s check out how similar or different ZenLedger is compared to its top competitors.

ZenLedger vs CoinTracker

Based on Trustpilot customer reviews, ZenLedger has a much higher customer satisfaction rate compared to CoinTracker.

In addition to this, while ZenLedger offers a free plan, CoinTracker does not. It does, however, offer a free trial of its paid plans, while ZenLedger doesn’t.

Finally, both ZenLedger and CoinTracker have the option to purchase unlimited transactions. However, with ZenLedger, you can get them for $999, while CoinTracker can charge you anywhere from $299 to $2,999 for “unlimited” transactions.

ZenLedger vs Koinly

Both have high customer scores, and both offer free plans.

However, ZenLedger and Koinly greatly differ in some services they offer. For example, Koinly doesn’t include unlimited transactions in its plans. In addition to this, Koinly doesn’t generate tax forms for users of its free plan.

ZenLedger vs TokenTax

The most obvious difference between the two is that, unlike ZenLedger, TokenTax doesn’t offer a free plan.

In addition to this, TokenTax integrates with fewer exchanges than ZenLedger.

As for the services ZenLedger and TokenTax offer, they are mostly the same.

ZenLedger vs TaxBit

While ZenLedger offers far more services in its free plan, TaxBit integrates with more exchanges. However, while Taxbit has a 30-day refund policy, ZenLedger’s lasts for a whole year!

Lastly, ZenLedger offers various services, while TaxBit can only be used to calculate cryptocurrency taxes.

CoinTracker.io

CoinTracker is the go-to solution for keeping track of your portfolio automatically and accurately. The real-time preview of portfolio value and taxes is probably why this software has more than 500,000 users.

  • Real-time tracking
  • Mobile app for better insight
  • More than 12 methods for generating reports

CoinTracker is the go-to solution for keeping track of your portfolio automatically and accurately. The real-time preview of portfolio value and taxes is probably why this software has more than 500,000 users.

Koinly.io

Easily connect to your exchange platform or wallet and get a preview of your portfolio in no time. Koinly generates location-specific tax reports for over 20 countries, something which non-US citizens will appreciate.

  • Automatic synchronization of data across platforms
  • Exports to TurboTax or TaxAct
  • Accepts crypto payments for membership fees

Easily connect to your exchange platform or wallet and get a preview of your portfolio in no time. Koinly generates location-specific tax reports for over 20 countries, something which non-US citizens will appreciate.

TokenTax.co

A software designed to simplify the process of filing your crypto taxes. If its automation features are not enough, its skillful experts can jump in to save the day.

  • Supports integration with every exchange
  • Accepts crypto payments
  • Supports tax minimization techniques

A software designed to simplify the process of filing your crypto taxes. If its automation features are not enough, its skillful experts can jump in to save the day.

TaxBit

Founded by accountants and tax attorneys, TaxBit caters to both individual and professional users. Its synchronization features, together with the tax optimization tools, are on par with what is expected from top-notch solutions.

  • Freemium model
  • Tax optimization tools
  • No transaction limits for memberships

Founded by accountants and tax attorneys, TaxBit caters to both individual and professional users. Its synchronization features, together with the tax optimization tools, are on par with what is expected from top-notch solutions.

Wrap Up

If you’ve learned how to buy cryptocurrencies, that doesn’t necessarily mean you’ve become a tax expert. If you need help with your crypto tax liabilities and other calculations, ZenLedger might be a good choice for you.

ZenLedger comes with a great variety of tools and services available even with the free plan. It has proven useful to a great number of satisfied customers, which is evident from many positive ZenLedger customer reviews.

All in all, if you want to save time and file your taxes correctly, ZenLedger is well worth the annual fee.

Pros

  • Free plan
  • TurboTax integration
  • Additional support from tax professionals
  • Тax-harvesting included in all plans

Cons

  • DeFi protocols available only in pricier plans
  • Unlimited transactions available only with the Platinum plan
ZenLedger Logo

Editorial Rating

FAQ

Where is ZenLedger based?

ZenLedger is a US-based company located in Bellevue, Washington.

Does ZenLedger work with TurboTax?

Yes, ZenLedger integrates with TurboTax.

Is ZenLedger free?

ZenLedger does offer a free plan. With it, you can enjoy many features also available in paid plans as well. However, it is limited to 25 transactions.

Is ZenLedger trusted?

In this ZenLedger review, as well as in many others, you will only find a positive answer to this question. Because you only give the software access to your transaction history and no private wallet keys, no one can access your assets but you.