Few things in life are more fun than doing your taxes. Off the top of my head, I can think of only a few events that would be more pleasurable. For instance: waking up to the bzzzz sound of a mosquito near your ear, discovering that your neighbor started taking saxophone lessons, or reminding yourself of that really embarrassing moment you had when you were 12, right before you fell asleep—those are some of the few moments more fun than doing your taxes.
But if you trade or invest in crypto, tax season can feel even more painful. To make things easier, the guide “Best Crypto Tax Software in 2025” will introduce you to the best tools out there, helping you find the right instruments to simplify tax reporting.
Top Crypto Tax Tools in 2025
Fortunately, there are tools out there that specialize in helping cryptocurrency investors make amends with the IRS. These crypto tax software can make tax season significantly easier.
- CoinLedger
CoinLedger is one of the most popular crypto tax software options, known for its user-friendly interface and powerful automation features. It integrates with major exchanges and wallets, allowing users to import transactions effortlessly. CoinLedger also offers tax-loss harvesting, helping investors minimize their taxable gains. Additionally, it provides IRS-compliant tax reports, making it easy to file taxes accurately.
- Koinly
Koinly is a great choice for beginners and international traders, supporting over 400 exchanges and 170 blockchains. It automatically tracks capital gains, losses, and income from staking or mining, ensuring users stay compliant with tax regulations. Koinly also offers multi-country tax support, making it ideal for investors who trade across different jurisdictions.
- Bitwave
Bitwave is designed for businesses and enterprises dealing with crypto accounting and tax reporting. It provides audit-ready bookkeeping, customizable tax tracking, and integration with traditional accounting software like QuickBooks and NetSuite. Bitwave is particularly useful for companies managing large-scale crypto transactions, ensuring compliance with financial regulations.
- TokenTax
TokenTax is a premium tax software that specializes in automated IRS tax form generation. It supports direct integration with TurboTax, making tax filing seamless for U.S. investors. TokenTax also offers expert tax consultation, helping users navigate complex tax scenarios, including DeFi transactions and NFT sales.
Cryptocurrency Tax Software Comparison
| Software | Best For | Supported Exchanges | DeFi/NFT Support | Pricing | IRS Compliance |
| CoinLedger | General investors, tax-loss harvesting | 100+ | Limited | Free & Paid Plans | Yes |
| Koinly | Beginners, multi-country traders | 400+ | Yes | Free & Paid Plans | Yes |
| Bitwave | Businesses, enterprise crypto accounting | Custom integrations | Yes | Enterprise Pricing | Yes |
| TokenTax | U.S. investors, advanced tax reporting | 100+ | Yes | Paid Plans Only | Yes |
| CryptoTaxCalculator | DeFi & NFT users, detailed tracking | 300+ | Yes | Paid Plans Only | Yes |
Automated Crypto Tax Filing Tools
Automation will help you fill out your tax forms a lot quicker, saving you time and the hassle of having to assess how much money you owe the government. This technology also avoids human error, so you don’t accidentally misreport your gains and end up explaining yourself to the IRS.
Automated crypto tax filing tools do the heavy lifting for you—importing your transaction history, sorting everything into taxable categories, and generating compliant reports that you can submit directly.
Once you connect your wallets and exchanges, these platforms take over the heavy lifting. CoinLedger, for example, automatically imports transaction histories from supported exchanges and wallets, categorizing them into taxable events like trades, staking rewards, or income.
Koinly supports over 400 exchanges and blockchains, meaning it has a wide coverage among nearly all crypto traders. TokenTax stands out for its simplicity for U.S. users due to its integration with TurboTax—allowing for seamless tax filing without manual data entry.
Tax Reporting Software for Crypto Traders
Aside from the previously mentioned tools, Accounting stands out for its powerful portfolio insights and tax reports tailored to investors who trade consistently throughout the year. If you’re looking for a tool that focuses on institutional investment, Ledgible might be the way to go due to its advanced reporting for professional handling of large volumes of transactions. On that note, TaxBit is also built for enterprises, providing unlimited transaction tracking.
Crypto Portfolio and Tax Management
Managing a crypto portfolio isn’t just about tracking profits. Sadly, it is also about staying compliant when the tax season comes around.
The thing is, every trade, transfer, staking reward, and NFT purchase impacts your tax liability. If this sounds like a nightmare to manage properly is because it is—at least without the proper tools.
Fortunately, you are probably not held accountable for losses. While you still need to report them, they can actually become deductible in the majority of cases.
So, if you’re interested in improving your chances of coming out of the trading season with a profit, why not check out our exclusive Legends Community? We have exclusive market insights, trading setups, courses, and a lot more!
Tax Software for DeFi and NFTs
The IRS won’t discriminate where you got your money from via crypto. This means that DeFi projects and NFTs are also liable to be taxed. Out of all the tools in the market, CryptoTaxCalculator is likely the most geared towards that genre of crypto trading, due to its ability to automatically sort through DeFi transactions and NFT trades without requiring manual input.
This tool covers staking, yield farming, or flipping digital collectibles—which means it’s built for the kind of crypto activity that standard tax software might struggle with.
IRS-Compliant Crypto Tax Software
All the tax tools we’ve mentioned comply with IRS regulations, but some are specifically built for U.S. tax reporting. These platforms focus on generating 8949 and Schedule D forms, ensuring compliance with American tax laws.
TokenTax and TaxBit are two of the strongest options for U.S.-focused tax reporting, offering automated form generation, direct IRS filing support, and guidance on tax regulations that impact crypto traders in the country. CoinLedger and Koinly also produce IRS-compliant reports, but their scope is broader, serving traders across multiple jurisdictions.
Best Crypto Tax Apps for Beginners
Crypto taxes don’t have to be a nightmare. If you’re new to this, the right app can make filing way easier. CoinLedger keeps things simple by pulling your transaction history and sorting it automatically. Koinly is great for step-by-step guidance, making sure you don’t miss anything. Accointing balances portfolio tracking with tax reporting, so you can see your gains and losses in real time.
Free vs Paid Crypto Tax Software
Not all crypto tax software comes with a price tag, but free versions usually have their limitations. If you’re not handling hundreds of transactions or taxable events per year, free tools like Koinly’s basic plan or CoinLedger’s free tier might be enough for your needs.
However, if you’re trading across multiple exchanges, handling NFTs, or engaging with DeFi protocols—the paid versions may be worth considering. Premium plans offer full tax reports, API integrations, and advanced features like tax-loss harvesting, ensuring your filings are accurate and compliant.
If you’re still in doubt about which platform to use, why not use those free versions to test the waters? That way, you can get a feel for the interface and features before committing to a paid plan.
Multi-Country Crypto Tax Platforms
Koinly is one of the best options for international users, supporting tax regulations in over 20 countries and automatically calculating liabilities based on local tax laws. CoinLedger also offers multi-country support, making it easy for global investors to generate compliant reports. For enterprise users, TaxBit provides specialized tax solutions tailored for businesses operating across multiple regions.
How to File Crypto Taxes with Software
Filing crypto taxes doesn’t have to be as complicated as it sounds. Regardless of the tool, here is a simple step-by-step guide to getting it done without too much hassle.
1. Gather your transaction history
Pull records from all the exchanges and wallets you’ve used throughout the year. Every trade, withdrawal, deposit, or staking reward counts.
2. Import the data into tax software
Most crypto tax platforms let you upload a file or sync accounts automatically, saving you time.
3. Categorize taxable events
Sales, swaps, staking rewards, and mining income all fall under different tax rules. Double-check that everything is classified correctly.
4. Calculate gains, losses, and liabilities
The software will tally up capital gains and deductions, helping you understand what you owe—or what you can write off.
5. Generate tax reports
Once everything looks good, export a tax report that aligns with your country’s requirements, whether that’s an IRS form or another official document.
6. File your taxes
Either submit manually, use a tax filing service, or pass the report to a professional for review. If needed, make adjustments before finalizing your return.
Best Crypto Tax Software for Accountants
Accountants have a much harder task than the rest of us. On top of handling your year-long crypto activities, they also have to manage all the reports from their other clients. That means they need tools that aren’t just accurate but also efficient, scalable, and built for professional tax workflows.
That’s where professional-grade platforms come in. These tools offer advanced tracking, reconciliation, and multi-client management, making it way easier to handle large transaction volumes without drowning in spreadsheets.
Ledgible integrates with traditional accounting software, making tax reporting smoother for CPAs. TaxBit focuses on enterprise-level compliance, helping firms stay on top of regulations. Bitwave specializes in crypto bookkeeping, providing audit-ready reports for businesses.
Did you know WEEX is offering a 50% deposit bonus? Deposit and get a 50% bonus, up to 1,000 USDT. It’s a great way to increase your trading potential—make sure to take advantage before the offer ends!
