Software crypto

By using CryptoTrader. This is a crypto tax solution that makes it simple to manage your taxes and it does it at a reasonable price.

Plus it will reduce or eliminate much of the stress associated with crypto taxes and provide reliable and accurate tax reports.

Koinly combines crypto accounting and tax all in one software package. The UI is one of the best in the crypto tax field, and in addition to handling tax reporting for the U. These are actual reports that users can submit directly to their tax authorities. For example, U. Of course Koinly has an API that allows it to connect to major exchanges, and it supports over different exchanges as well as over 70 wallets and more than 6, blockchains. It will synch users complete transaction history quickly and easily.

You can use it to keep track of your crypto portfolio as well, watching how it changes over time, and generating some really lovely graphs. While there are certainly other portfolio tracking tools, Koinly shines by offering both portfolio tracking and tools to monitor and reduce taxes.

Koinly has a feature that matches transfers between exchanges and your own wallets, which helps avoid unnecessary taxes. It also has a smart error handling system that warns when there are discrepancies in the data or when there might be inaccuracies in the tax report. They also have a crypto tax guide to help users get the most out of the platform. Koinly also lets users get started for free. Payment is only required to generate reports.

Another great alternative crypto tax tool is that of TaxBit. This is one of the only crypto tax software packages that was founded by blockchain CPAs and cryptocurrency tax attorneys.

Not only this, but TaxBit is the only company that we have on the list that has received substantial venture funding. Well firstly, although this is a crypto tax tool supports over 4, coins , it also supports a range of other assets. The likes of commodities, equities and other fiat currencies. This means that you can use it for your other trading purposes. TaxBit is also partnered with numerous exchanges so you can quickly and easily track your transactions. These include the likes of Kraken , Coinbase Pro, Bitstamp and many more.

Something else that I really liked was their portfolio analytics tool. Unlike most software that is used only at the end of the year to generate the returns, TaxBit allows you to monitor your portfolio live and on a continuous basis. This gives you a full picture of your potential tax position currently.

You will also appreciate the immutable audit trail that has been designed by CPAs. The software also lets you customise your personal tax rate. Using the demographic information that you provide, TaxBit calculates your individual tax rate by taking into account the state and federal levels. If you want to view specific altcoin charts on a single website, then you should consider Coinigy. It allows users to tap into the global digital currency economy with data connectivity across 40 crypto exchanges from a single account such as:.

For a full list of supported exchanges, click here to view the exchange list on the website. Altcoin traders will also appreciate the wallet portfolio feature to monitor your entire crypto balances across all exchanges at all times, even when you're sleeping! Now, you might be thinking how much does Coinigy cost? You can always create a free account to trial it out too. Also, Coinigy does not take a commission on trades. There is no added fee when trading through Coinigy other than your monthly subscription.

Create a free trial for 30 days with Coinigy. If you wondering whether that's good value for money, let's take a look at some features included with the basic plan. The Coinigy starters subscription plan comes with a comprehensive suite of powerful trading cryptocurrency tools and in-depth indicators.

Traders that rely on technical analysis will have access to more than 75 technical indicators to trade directly from the chart on all your favorite exchanges. If that's not enough, Coinigy comes with price alerts via email, SMS and in-browser and a mobile phone app to chart Bitcoin and other altcoins when you're on the move. Watch the video below for a demonstration. Quadency is an all-in-one cryptocurrency website that allows users to connect multiple cryptocurrency exchanges to chart and trade from a single platform.

Gone are the days of logging into several Bitcoin exchanges to trade a particular altcoin, storing coins on different exchanges, and without a way to efficiently execute trades across all of your holdings. Quadency solves this pain in a simple, yet powerful trading tool to help you chart, trade and manage your crypto investments. When it comes to charting altcoins, Quadency offers a sleek and intuitive trading interface using the Tradingview engine.

The charting site currently supports crypto and altcoins pairs the following exchanges:. Once an exchange is connected, traders can view the account balance, transactions and orders which are automatically synced. This allows you to take control over your trading accounts with just a few clicks. Although, using Quadency offers additional benefits to execute trades across multiple connected exchanges using the one platform that you don't get with TradingView.

In a way, it could be said that Quadency merges the best parts of TradingView and Coinigy. When it comes to Quadency pricing, it is a premium service that also offers a free cryptocurrency charts when you connect an exchange.

However, it is limited in functionality and serious crypto traders should consider the PRO Plan. Create a free Quadency account! But, if you are already a profitable altcoin trader, then it might be a worthwhile investment so you can efficiently chart, trade and manage your entire crypto portfolio using the one site.

Hardware wallets allow users to send or receive funds only when the device is connected to a computer with access to the internet, and cannot send funds without a user pressing a physical switch or button on the device itself. France-based Ledger is one of the longest-operating hardware wallet manufacturers.

Nano X users connect their wallet to any mobile device or computer with USB or Bluetooth, and are able to store 30 different cryptocurrencies on the device. To learn more about Ledger wallets, click here. The Trezor is another highly popular hardware wallet manufactured by Satoshi Labs, the first crypto hardware wallet manufacturer in the world. The Trezor Model T improves on previous iterations of the Trezor product line, offering a touchscreen interface and far greater support for altcoins than the Ledger Nano X.

Trezor offers impressive functionality, allowing users to access conversion to fiat currency, atomic swaps, and additional security features that protect users from common PC threats such as keyloggers.

Notably, the Trezor Model T presents all transaction requests along with details on the built-in touchscreen, ensuring users are aware of which service or cryptocurrency they are using at all times. Checkout Trezor here. The KeepKey , manufactured by ShapeShift, is a budget-conscious crypto hardware wallet that offers much of the functionality delivered by other more expensive hardware wallets at a lower price point.

The KeepKey streamlines the backup and recovery process, allowing users to manage their cryptocurrency holdings in a fully secure manner. ShapeShift, the manufacturer of the KeepKey, operates a cryptocurrency exchange platform of the same name, which allows KeepKey owners to trade crypto commission free directly from their KeepKey wallet, making it a strong choice for newer traders.

Long-term cryptocurrency holdings should be stored in dedicated crypto hardware wallets. Ensuring that you keep up-to-date records of your cryptocurrency transactions is a critical element of any effective crypto tax strategy. To learn more about how cryptocurrency income is taxed, checkout this complete cryptocurrency tax guide. Today, tens of thousands of crypto investors all over the world use CryptoTrader. Tax to automate all of their tax reporting.

Simply sign up for an account for free, connect your wallets and exchanges, and generate your crypto tax reports with the click of a button. Once generated, CryptoTrader.

Tax reports can be provided to an accountant or imported into tax filing software such as TurboTax or TaxAct. You can learn more about how CryptoTrader. Tax works here. FREE Get started today and maximize your refund. SoftLedger is so effective tool that allows perfect tracking of profits and losses that helps you to fulfill the crypto tax and reporting requirements. SoftLedger prices are not directly provided and you have to contact the vendor for pricing.

Cryptio is accounting software for digital assets that is a feature-rich tool to automate crypto accounting and also focuses on your business. It optimizes bookkeeping tasks and saves significant time and resources.

Cryptio has all the power and potential to accurately convert digital asset data into accounting data to stay on top of your cryptocurrency business. Its efficiency and effectiveness are a direct result of its ability to connect to crypto wallets, exchanges, and custody solutions.

All those characteristics make Cryptio one of the best crypto accounting software. Cryptoworth is another remarkable tool for crypto businesses that provides the ultimate solution for crypto tax and accounting.

It is a user-friendly, methodical, and well-organized tool. Cryptoworth comes with an all-inclusive dashboard and clearly exhibits a portfolio breakdown of all types of coins. It also allows users to fully analyze a transaction to take a deep look at it for internal reviews of each transaction. ZenLedger is another helpful tool for crypto businesses that is custom-built for crypto tax calculations but also helps in accounting and bookkeeping activities. It helps to track crypto transactions, calculate profits, and avoid overpaying taxes.