What Are the Best Crypto Tax Tools?

• Blockchain Council
• February 20, 2025

Handling cryptocurrency taxes has become increasingly complicated as regulations evolve. Tracking transactions, calculating gains or losses, and filing accurate reports require precision. The right crypto tax tools can simplify this process, helping users stay compliant while maximizing potential deductions.

This guide explores the best crypto tax tools of 2025, highlighting their key features, pricing, integrations, and how they cater to different crypto traders.

Why Crypto Tax Tools Are Necessary

Many tax authorities, including the IRS, categorize cryptocurrency as property. This means any sale, trade, or earned income from staking, mining, or other activities is taxable. Tracking every transaction across multiple exchanges and wallets manually is time-consuming and prone to errors.

Using crypto tax tools helps automate calculations, generate reports, and ensure accuracy in tax filings. These tools also integrate with various tax software, making submission easier.

Key Features to Look for in Crypto Tax Tools

Choosing the right crypto tax software depends on the complexity of your transactions, trading volume, and required integrations. Here are some essential features to evaluate:

1. Automatic Transaction Import

A reliable tax tool should sync with exchanges and wallets, automating data imports to reduce manual entry.

2. Detailed Tax Reporting

The software should generate clear, compliant reports, covering capital gains, staking income, airdrops, mining rewards, and NFT transactions.

3. DeFi and NFT Compatibility

With the rise of decentralized finance (DeFi) and NFTs, the tool must accurately track and classify these complex transactions.

4. User-Friendly Interface

An intuitive design simplifies navigation, ensuring users can quickly access and review their tax data.

5. Integration with Tax Filing Software

Some platforms connect with TurboTax, TaxAct, and other tax software, making it easier to transfer crypto tax data during the filing process.

6. Tax-Loss Harvesting

Some tools offer automated tax-loss harvesting, identifying potential losses that can be used to offset taxable gains.

Best Crypto Tax Tools for 2025

Based on extensive research, user reviews, and software capabilities, these are the top crypto tax tools available in 2025.

1. Koinly

Best for: Beginners and experienced traders

Koinly provides a simple and efficient way to track crypto transactions, supporting over 800 exchanges and wallets. The platform automatically imports transactions, calculates taxes, and provides reports suitable for tax authorities in multiple countries.

• Pricing: Free plan available (limited features). Paid plans start at $49 per year.
• Integrations: Compatible with Coinbase, Binance, Kraken, MetaMask, and many more.

Pros:

• Supports DeFi and NFT transactions
• Offers tax-loss harvesting
• Provides easy-to-use reports for tax filing

Cons:

• Some advanced features require premium plans

2. CoinLedger

Best for: TurboTax users and NFT traders

CoinLedger offers seamless integration with major crypto exchanges and wallets, making transaction tracking simple. It also provides support for NFTs and DeFi activities, making it a great choice for users involved in decentralized finance.

• Pricing: Free portfolio tracking. Paid plans start at $49 per year.
• Integrations: Works with Coinbase, Binance, Kraken, Ethereum wallets, and more.

Pros:

• Compatible with TurboTax for direct tax filing
• Provides guides and customer support for new users
• Supports advanced DeFi transactions

Cons:

• High-volume traders may find pricing expensive

3. TurboTax Crypto

Best for: General taxpayers who use TurboTax

TurboTax, a well-known tax filing software, has added features for cryptocurrency users. It allows users to import transactions, calculate gains and losses, and file directly with tax authorities. Live tax experts are available to help users with complex filings.

• Pricing: The Premier plan starts at $89 per year, covering investments and crypto reporting.
• Integrations: Works with CoinLedger and Koinly for direct data imports.

Pros:

• Established brand with reliable tax filing features
• Provides access to tax professionals
• Suitable for users with multiple income sources

Cons:

• Limited support for DeFi and NFT transactions
• More expensive than dedicated crypto tax tools

4. CoinTracker

Best for: Real-time tracking and automated calculations

CoinTracker offers automatic syncing with over 500 exchanges and wallets, making it one of the most comprehensive tracking tools available. It provides real-time portfolio tracking and generates IRS-compliant tax reports. Security is a key focus, with SOC 1 Type II and SOC 2 Type II certifications in place.

• Pricing: Free plan available (up to 25 transactions). Paid plans start at $59 per year.
• Integrations: Works with Coinbase, Binance, Kraken, and multiple wallets.

Pros:

• Tracks crypto portfolios in real time
• Provides strong security measures
• Offers tax-loss harvesting

Cons:

• Pricing can be high for users with large transaction volumes

5. ZenLedger

Best for: High-volume traders and CPA support

ZenLedger supports a wide range of crypto transactions, including DeFi, NFTs, staking, and margin trading. It generates IRS-compliant reports and provides audit support, making it useful for high-volume traders.

• Pricing: Free plan for up to 25 transactions. Paid plans start at $49 per year.
• Integrations: Works with Coinbase, Binance, Kraken, Ledger hardware wallets, and more.

Pros:

• Supports advanced crypto transactions
• Includes CPA assistance and audit reports
• Provides tax-loss harvesting

Cons:

• Interface could be more user-friendly

Comparison: Best Crypto Tax Tools of 2025

Tool	Best For	Pricing (Starting)	Supported Exchanges	DeFi & NFT Support	Tax-Loss Harvesting	Audit Support
Koinly	Beginners & experienced traders	$49/year	800+	Yes	Yes	No
CoinLedger	TurboTax users & NFT traders	$49/year	300+	Yes	Yes	Yes
TurboTax Crypto	General taxpayers	$89/year	Partner integrations	Limited	No	Yes
CoinTracker	Real-time tracking	$59/year	500+	Yes	No	No
ZenLedger	High-volume traders	$49/year	400+	Yes	Yes	Yes

Latest Crypto Taxation Updates for 2025

Tax laws are changing, and keeping up with new rules is essential. Here are some key updates:

1. IRS Expands Crypto Tax Reporting

Starting in 2025, crypto exchanges like Coinbase and Binance must report sales proceeds directly to the IRS. This means traders will no longer be able to underreport gains.

2. International Tax Compliance Tightens

Governments in Europe, the UK, and Australia are enforcing stricter reporting rules, requiring real-time tax submissions for crypto transactions.

3. Increased Adoption of Crypto Donations

Donating crypto to charitable organizations is gaining popularity. Many crypto tax tools now track donations, helping users optimize tax benefits.

4. Triple Tax Benefit Accounts for Crypto Traders

Some investors are maximizing tax advantages using Health Savings Accounts (HSAs) and Solo 401(k)s to trade crypto tax-free.

• HSAs allow crypto trading without capital gains tax, provided funds are used for medical expenses.
• Solo 401(k) plans let self-employed individuals invest in crypto tax-deferred or even tax-free in a Roth option.

How to Choose the Right Crypto Tax Tool for You?

With so many options, picking the right tool depends on your specific needs. Here are some key questions to ask:

1. How Many Crypto Transactions Do You Have?

• Low volume (<100 transactions/year): Koinly, CoinTracker, or ZenLedger Free Plan.
• Medium volume (100-1,000 transactions/year): CoinLedger or ZenLedger Standard Plan.
• High volume (>1,000 transactions/year): TurboTax Crypto or ZenLedger Premium.

2. Do You Trade NFTs and DeFi?

• Yes: Koinly, CoinLedger, CoinTracker, or ZenLedger.
• No: TurboTax Crypto or Koinly Basic.

3. Do You Need Direct Tax Filing Integration?

• Yes: CoinLedger (integrates with TurboTax), TurboTax Crypto.
• No: Any other tool with manual report exports.

How to Maximize the Benefits of Crypto Tax Tools

Choosing a crypto tax tool is only the first step. To make the most of it, consider these best practices:

1. Keep Your Transactions Updated

Regularly syncing your wallets and exchanges with the tool prevents last-minute tax season stress. Many platforms offer automatic syncing, but double-checking the accuracy of the data is still necessary.

2. Categorize Transactions Correctly

Most software classifies transactions automatically, but errors can occur. Reviewing and ensuring each buy, sell, trade, staking reward, airdrop, or NFT sale is correctly labeled helps avoid discrepancies.

3. Take Advantage of Tax-Loss Harvesting

Some platforms, like Koinly and ZenLedger, provide a tax-loss harvesting feature. This helps you offset capital gains by selling assets at a loss, reducing the total taxable amount.

4. Use Multi-Country Tax Support if Needed

If you trade across different regions, choosing a tool with global tax support is crucial. Some tools, like Koinly and CoinTracker, generate tax reports for multiple countries, making cross-border compliance easier.

5. Plan for Future Tax Regulations

Since tax laws continue to change, staying ahead of updates is essential. Some platforms offer built-in compliance updates, ensuring tax reports meet the latest regulatory requirements.

Common Crypto Tax Mistakes to Avoid

Even with the best crypto tax tools, mistakes can happen. Here are some of the most common errors traders make:

1. Ignoring Small Transactions

Many traders focus only on major trades, forgetting smaller transactions like staking rewards, NFT royalties, and DeFi earnings. These count as taxable income and should be reported.

2. Not Reporting Crypto-to-Crypto Trades

Exchanging one cryptocurrency for another (e.g., BTC to ETH) is considered a taxable event in most countries. Some users mistakenly assume that only conversions to fiat (USD, EUR, etc.) are taxed.

3. Missing Data from Multiple Wallets

If you use different exchanges or self-custody wallets like MetaMask or Ledger, ensuring all data is imported is critical. Some traders forget to include hardware wallet transactions, leading to incomplete reports.

4. Relying Solely on Exchange Reports

Exchanges provide transaction histories, but they may not always categorize transactions correctly. Using dedicated crypto tax software ensures accurate calculations and tax classifications.

5. Waiting Until Tax Season to Organize Transactions

Delaying tax preparation can result in errors, missing data, or penalties. Keeping track of transactions throughout the year prevents last-minute filing issues.

Future Trends in Crypto Taxation

As crypto adoption grows, tax regulations are expected to become more structured and transparent. Here are some trends to watch in the coming years:

1. More Automated Tax Reporting

With exchanges now required to report transactions to tax authorities, tax tools will likely integrate real-time tax tracking, reducing the need for manual calculations.

2. Increased Regulation on DeFi and NFTs

Regulators are starting to apply stricter tax rules to DeFi earnings and NFT sales. Tax tools will need to improve support for decentralized transactions.

3. Stricter Rules for Offshore Crypto Holdings

Governments are working on global tax agreements, making it harder for investors to hide assets in offshore exchanges. Crypto tax tools will need to comply with international tax treaties.

4. Integration with More Financial Platforms

As cryptocurrency investments become part of retirement accounts, traditional finance platforms, and business tax filings, expect crypto tax tools to expand integrations with banks, accounting software, and payroll systems.

Final Thoughts: Which Crypto Tax Tool is Best?

Choosing the best crypto tax software depends on your needs. Here’s a quick recommendation based on different use cases:

• Best for Beginners: Koinly (Easy-to-use interface, automated transaction tracking).
• Best for NFT & DeFi Users: CoinLedger or CoinTracker (Strong support for decentralized finance transactions).
• Best for TurboTax Integration: TurboTax Crypto or CoinLedger (Direct filing support).
• Best for High-Volume Traders: ZenLedger (Handles complex transactions and audits).
• Best for Real-Time Portfolio Tracking: CoinTracker (Live insights into gains and losses).

With new IRS regulations, evolving crypto laws, and growing adoption, it’s more important than ever to use a reliable crypto tax tool to stay compliant and maximize your tax savings.