CoinLedger review

CoinLedger’s software helps you navigate the complex landscape of cryptocurrency tax. You can generate reports from any crypto exchange or public wallet address.

Find out what you need to know about CoinLedger’s platform and if it will work for you in this review.

• Tax reports can be generated via any cryptocurrency exchange or public wallet address.
• Plans range to accommodate hobbyists as well as advanced traders with over 5,000 transactions.

• Assets with an unverified origin will need to be classified manually, which can be time-consuming.

How to sign up for CoinLedger

Signing up to CoinLedger, (formerly CryptoTrader.Tax) is simple and can be completed in a few steps:

1. Enter your personal information
2. Verify your account
3. Select your currency and country
4. Import and review your transaction history

How much does CoinLedger cost?

CoinLedger’s pricing is a tiered structure based on the amount of transactions in your imported wallets.

CoinLedger lets you import your transaction history as well as calculate capital gains and losses free of charge. To download your report, you will need to complete payment.

You can pay using Visa, Mastercard or American Express. A 14-day money back guarantee is available on all packages.

Main benefits of CoinLedger

• Easily import historical data. Once you connect to your chosen exchange or wallet, you will be able to see your full transaction history.
• Partnered with TurboTax and TaxAct. You are given the option to file taxes with partnered providers.
• File international tax reports. Reports can be used to complete the relevant tax forms for Canada, the US and Australia.
• Support across any crypto platform. With so many exchanges and wallets available, CoinLedger allows you to access all of your transaction history in a single place.

Main drawbacks of CoinLedger

• Other crypto tax platforms offer free use for hobbyist traders. CoinLedger charges $49 for hobbyist traders, while you can get this for free with other crypto tax providers.
• Classifying imports can get messy. If you’re a trader with multiple wallets, you may be required to declare how you originally acquired some of your crypto.
• Does not accept crypto as payment.

How does CoinLedger work?

CoinLedger is simple to use and easy to get started. Once logged in, you will be prompted to select relevant exchanges or wallets. Next, enter your read-only API keys, or public wallet address for all selected accounts.

After importing accounts and classifying transactions, you will be able to review your entries and generate your report. Once your report is generated and payment verified, you will be able to select whether to import into CoinLedger’s partnered tax software providers TurboTax or TaxAct. If you would prefer to file the report yourself, or send it to your accountant, you can skip this step.

Guide to cryptocurrency taxes Canada

How experienced do you need to be with crypto to use CoinLedger?

CoinLedger’s tax reporting software is designed to accommodate beginner to advanced crypto users. Importing transaction history is as simple as entering your public wallet address, or the read-only API key provided by your cryptocurrency exchange.

For users with accounts across many wallets and different blockchains, things can get more complicated. For unidentifiable transactions, you will be required to declare where the funds originated. Whether it be from staking rewards, an airdrop, a token mint, etc.

What cryptocurrencies can I use with CoinLedger?

CoinLedger is able to generate profit and loss reports for all cryptocurrencies as well as NFTs from marketplaces including OpenSea.

Is CoinLedger safe? What are the risks?

CoinLedger utilises industry best practices including end-to-end encryption on all traffic, keeping your data safe and secure.

The main risk associated with any form of cryptocurrency or blockchain interaction is private key security. Always be sure that you’re submitting your public wallet address and not your secure keys.

Compare CoinLedger to other tax software

Crypto tax rules are still evolving. You should get help from a tax professional to ensure you’re compliant with the CRA’s latest rules. Be aware that not all tax professionals are familiar with handling crypto, so look for those who have experience with digital assets.

1 - 4 of 4

Product GXFCY-PTR	Pricing by tier (per year)	Supported exchanges
Koinly Crypto Tax Reporting	Free - Track 10,000 transactions with no tax report CAD$49 - 100 transactions + tax reports CAD$99 - 1,000 transactions + tax reports CAD$199 - 3,000 transactions + tax reports CAD$299 - 10,000+ transactions + tax reports	Supports all major exchanges	Koinly can produce detailed cryptocurrency tax reports in under 20 minutes. The basic plan only allows tracking and cannot generate tax reports.	Go to siteView details	loading Fetching your data...
CryptoTaxCalculator Cryptocurrency Tax Reporting	Free - 100,000 transactions but no tax reports CA$49 - 100 transactions + tax report CA$99 - 1,000 transactions + tax report CA$249 - 10,000 transactions + tax report CA$499 - 100,000 transactions + tax report	Supports all major exchanges	This Australian-made software helps you file a CRA-compliant crypto tax return and generates tax reports on all financial years.	View details	loading Fetching your data...
CoinLedger Crypto Tax Reporting	Free ⁠— Unlimited US$49 ⁠— up to 100 trades US$99 ⁠— up to 1,000 trades Pro: $199.99 — 3,000 transactions Pro: $299.99 — 10,000 transactions Unlimited: $499.99 — 1,000,000 transactions	Supports all major exchanges	Connect your exchanges, import trades and download your crypto tax report within minutes.	Go to siteView details	loading Fetching your data...
CoinTracking Crypto Tax Reporting	Free - 200 transactions Pro: US$155.88 - 3,500 transactions + tax reports Expert 1: US$239.88 - 20,000 transactions + tax report Expert 2: US$323.88 - 50,000 transactions + tax report Expert 3: US$431.88 - 100,000 transactions + tax report Unlimited: US$839.88 - unlimited transactions + tax report	Supports all major exchanges	Get 10% off upgrades to Pro or Unlimited accounts Track trades and generate real-time reports on profit and loss, the value of your coins and more. Two year and lifetime plans also available.	Go to siteView details	loading Fetching your data...

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Verdict

CoinLedger’s ability to generate profit and loss reports across multiple platforms is a massive advantage over some competitor products. It offers a fair pricing model relative to the industry and tiered plans to suit a range of needs.

CoinLedger has helped over 300,000 investors successfully complete their cryptocurrency tax returns. With a 4.8 star TrustPilot rating and many positive customer reviews, CoinLedger has earned its place as a trusted cryptocurrency tax review company.

Guide to cryptocurrency

Written by

Billy Endres

Cryptocurrency writer

Billy Endres was a cryptocurrency writer for Finder. His background in software development helped open the door to the world of decentralised technologies, financial markets and technical writing. See full bio

Billy's expertise

Billy has written 7 Finder guides across topics including:

• Web3 and decentralised technologies
• Front-end development
• Cryptocurrency futures trading and technical analysis
• DeFi and on-chain analysis