Discover what the internet is saying about CryptoTrader.Tax.

Cryptotrader.Tax Review

Yay or nay?

Upgraded Reviews scanned the web to find out what real users are saying about CryptoTrader.Tax.

See the highlights below and decide for yourself!

Pros and Cons

Table of contents

✅ Pros

CryptoTrader offers two pricing packages.
Review Pros
There are four different paid tier offerings.
Cryptotrader.tax also provides the ability for a user to download their IRS Form 8949 with a detailed help guide.
Customer support provided include Getting Started Guides, Common Issues, FAQ’s and a ticketing system that runs through Zendesk.
Their platform currently support Coinbase, Bittrex, Gemini, Binance, and Poloniex exchanges.
Free version is available.
You can buy your report with credit cards like Visa, MasterCard, or American Express.
CryptoTrader.Tax allows you to quickly import your trades from any exchange by either using the API import tool or uploading your trade history files.
CryptoTrader.Tax supports all crypto exchanges and wallets.
Each report generated on CryptoTrader.Tax can be used in tax forms for any country that supports FIFO, LIFO or specific identification.
You can see CryptoTrader.Tax at work before shelling out money for a license.
It allows TurboTax and TaxAct “Direct Import”.
CryptoTrader.Tax supports a wide range of popular exchanges.
The process of generating your tax forms on CryptoTrader.Tax consists of five simple steps that can be completed in under 10 minutes.
The platform integrates with virtually all major exchanges available on the market in order to provide users with a seamless experience.
CryptoTrader.tax helps cryptocurrency traders calculate their capital gains/loss exposure in minutes.
CryptoTrader.Tax offers good value compared to some equivalent products, especially in the $49 for up to 100 trades tier.
By prioritizing ease of access and a supporting trustworthy APIs, CryptoTrader.Tax circumvents many of the vague and overwhelming regulations that the cryptocurrency industry currently faces.
There are four different pricing options for CryptoTrader.Tax.
CryptoTrader.Tax charges for reports as a one-time payment per tax season.
Creating an account generally takes only a few minutes.
All options come with a free trial and a 14-day money-back guarantee.
The platform offers an easy-to-use tax filer.
The program is suitable for any country.
CryptoTrader.Tax shines in this aspect with integration to almost every known exchange in crypto world.
Live chat customer support is available.
It offers seamless integration with wallets and exchanges.
It can be integrated with TurboTax for added simplicity.
The design is simple and makes it easier for even first-timers to know what to click with the help of their intuitive help instructions.
You probably only need CryptoTrader.Tax at tax time, so the fee comes as a one-off payment at tax time.
It auto-fills the IRS Form 8949.
The downloadable tax file report includes a series of documents.
It integrates with all the major exchanges.
While the platform is mostly geared towards the US market, international support is also offered.
It is slightly less expensive than alternatives.
It is easy to establish communication with a member of CryptoTrader.Tax using either live chat or email.
CryptoTrader.Tax offers a full money-back guarantee on any purchases.
Their simply interface makes it easy to import your trades and make sure that you’re not overpaying on your taxes.
It generates your tax report in minutes.
There is also an affiliate program that is quite generous for people that are willing to invite their family and friends.
100% Money-back guarantee is available.
Users can pay for CryptoTrader.Tax using a Visa, MasterCard, or American Express credit/debit card.
The platform is able to compute gains obtained via a variety of alternative sources, including mining, gifts, forks, airdrops, and staking.
They offer a full money-back guarantee for all purchases, within 14 calendar days of your purchase.
CryptoTrader.Tax offers advice on what crypto assets you should sell or trade before the end of the year so you can realize your losses and lower the crypto tax you owe.
CryptoTrader.Tax saves even more time by giving you a thorough selection of completed documentation.
Their blog covers a range of different topics, such as the best exchanges, wallets, portfolio trackers and mining software.
The tax loss harvesting tool and other features help you save on taxes.
You can export your data for your tax accountant if you have somebody who will fill your tax form for you.
CryptoTrader.Tax has partnered with notorious platform TurboTax allowing users to easily import software, download required documents, and disseminate them to the appropriate parties.
By offering clients the opportunity to evaluate and manage crypto taxes at a competitive rate, the potential hours saved by utilizing CryptoTrader.Tax is well worth the affordable price.
The easiest way to get in touch with the service is to simply use the live chat window you find on the right corner on the bottom of the website.
The supported website list includes Binance, Bittrex, Bitfinex, Coinbase, Gdax, Gemini, Kraken, and Poloniex.
The team behind the tool is very transparent with solid record track in IT and accounting history.
When you upload your trades, CryptoTrader.Tax automatically establishes a fair market value and cost basis for them using historical data.
It is easy to sign up.
The program is very easy to use.
CryptoTrader.Tax has built-in tax-loss harvesting tools to help you reduce and offset your capital gains.
CryptoTrader.Tax generates crypto-based tax returns in four simple steps.
Another thing that I like about this platform is that it’s compatible with other tax software, such as TurboTax and TaxAct.

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❌ Cons

There is no priority support for lower price tiers.
Despite offering competitive pricing, it may be cheaper in some instances to simply calculate your returns yourself.
Originally, CryptoTrader.Tax charged just $39 for the Unlimited membership plan. Several years later they increased the price of this membership to $149; recently, the cost was raised again to $299.
As compared to Cointracking.info, it’s very basic but it does the job.
The platform may seem difficult to first understand.
It is mostly focused on the United States.
While the documents provided are useful time-savers anywhere, some of CryptoTrader.Tax’s documents provided, such as the IRS Form 8949, are specific to the United States.
It would have been much better if they listed out a number but they do not provide phone support.
It doesn’t include actual tax filing.
It is a bit on the expensive side.
There is limited support for cryptocurrency activities outside of buying and selling.
Only a handful of websites are supported.

⚖️ Final Say

Read the summaries of what reviewers think about CryptoTrader.Tax below.

Review Summaries
While assuring accuracy and compliance, the platform has eliminated common tax reporting errors, reduced overpaying, and lessened the associated stress that often ensues cryptocurrency trading and tax reporting.
CryptoTrader.Tax is a great cryptocurrency tax calculator that simplifies crypto tax reporting requirements. With its simple four-step process and fully interoperable user interface, users can generate their cryptocurrency tax reports in under an hour. Additionally, their blog offers plenty of useful articles for people looking to learn more about the cryptocurrency space.
CryptoTrader.Tax is one of the simplest crypto tax software options on the market that is compatible with both TurboTax and TaxAct. Although the service is missing some key features that their competitors offer, most crypto asset traders will find everything they need in this software.
CryptoTrader.Tax is a crypto tax software platform that imports trade data from exchanges to create downloadable tax reports.
Cryptotrader.tax is a website that offers nothing out of the ordinary but provides a straightforward service. The only problem we encountered was figuring out of the website provided free services because their premium account options are hidden from plain sight. This is both welcoming and frustrating at the same time. Newly registered account owners will not be afraid to explore the website and its services due to the un-restricted feel that they get with the free account. All-in-all, the website provides a solid service that a lot of people looking for crypto tax services will appreciate.
CryptoTrader.Tax is a program that automatically generates tax documents for your cryptocurrency holdings. To help minimize your tax paid on crypto earnings, CryptoTrader.Tax lets you choose either LIFO or FIFO for calculating liabilities.
Overall, this is a great tool – broad selection of exchanges, seamless integration with popular tax software for automatic filing of reports + tiered pricing to fit everyone’s taste make CryptoTrader Tax one of the, if not THE, best cryptocurrency tax calculators in 2021.
This platform represents one of the market’s most popular choices, given the fact that it provides cryptocurrency traders and investors with a lightning fast method of calculating their capital gains, losses, and owed taxes. CryptoTrader.Tax promises up-to-date legislation and tax forms, in an effort to ensure that all clients can accurately calculate and report their taxes.
CryptoTrader.Tax is focused on making it as easy as possible to file and pay your crypto taxes. While learning about all of the different taxes that apply to your cryptocurrency holdings and then paying those taxes can take many hours of time and labor, CryptoTrader.Tax is able to completely automate this entire process to the point where you can get your crypto taxes prepared in a matter of minutes.
If you’re looking for ways to automate all of your crypto tax reporting, CryptoTrader.Tax is a more-than-adequate platform. In the age of rampant cryptocurrency trading and endless IRS crackdowns, you want to get it right with your crypto tax reports. This software integrates with all your cryptocurrency platforms — import your transaction history across all platforms and generate tax reports in a click.
CryptoTrader.tax helps cryptocurrency traders calculate their capital gains/loss exposure in minutes. Their simply interface makes it easy to import your trades and make sure that you’re not overpaying on your taxes.
This smart tool allows you to import your crypto income and trades into the program where your gains and taxes will be calculated. The program will also prepare the tax form, so you literally have no effort at all with the boring and time-consuming calculations since you will just spend a few minutes using the cryptotrader.tax service program, and not hours by doing everything on your own by hand.
CryptoTrader.Tax allows anyone to easily manage and calculate their crypto taxes at a reasonable price. What could take hours or even days can be done in minutes on the CryptoTrader.Tax platform. On top of that, CryptoTrader.Tax ensures that your Bitcoin tax report is accurate and compliant, mitigating the risk of mistakes and overpaying on your crypto taxes.

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