Recording all of your crypto transactions for tax purposes can be a very tedious and worrisome task. You must disclose every crypto transaction you make to the IRS, from mining to trading. That's a lot of information to remember.
Fortunately, there is assistance available: crypto tax software like CoinTracker can automate this process and offer you fully prepared documentation. Additionally, you can also access the best CoinTracker alternative, ZenLedger, if the features of CoinTracker are not in line with your needs.
CoinTracker was founded in 2017 and is located in San Francisco, California.
CoinTracker is a crypto portfolio and tax manager for crypto accountants and investors who are seeking a tax solution. It seamlessly auto-syncs your transactions, displays your progress on a uniform dashboard and simplifies the process of filing your crypto taxes.
But if you think that these features aren’t enough for your crypto needs, you’ll of course look for Coin Tracker alternatives. ZenLedger is undoubtedly the best Coin Tracker alternative available out there.
Read on to find out more about this CoinTracker alternative.
Best CoinTracker Alternative: ZenLedger
ZenLedger was founded in 2017 and is located in Bellevue, Washington.
ZenLedger was built for catering to the needs of cryptocurrency traders and tax experts. They require a way to simplify the crypto tax accounting procedure in this new age of decentralized finance (DeFi).
ZenLedger, like many other crypto trackers, interfaces with a wide range of exchanges and crypto channels to provide comprehensive coverage for traders operating in these unpredictable markets.
Features of ZenLedger
- Crypto tax-loss harvesting
- Grand unified accounting
- Direct integration with TurboTax
- Prompt customer service
- Automated data import
- Direct integration with 400+ exchanges, 40+ blockchains, and 20+ DeFi protocols
- Annual pricing ranges from $0 to $399 per year
- Dedicated tax professional suite
- Packed with resources such as blogs, guides, and webinars
- Generating tax forms such as IRS Schedule 1, IRS Schedule D, and IRS Form 8949
CoinTracker Vs. CoinTracker Alternative: CoinTracker Vs. ZenLedger
Both CoinTracker and ZenLedger are big names in the crypto space, each catering to the different needs of crypto users. Here’s a comparative study of how ZenLedger is a better crypto tax accounting platform than CoinTracker.
As mentioned earlier, CoinTracker is a crypto portfolio and tax manager for crypto accountants and investors who are seeking a tax solution. On the other hand, ZenLedger is a better option for you, as it is built for catering to the needs of cryptocurrency traders and tax experts.
Each of the platforms has its own sets of features catering to different needs of crypto taxes. But if you’re looking for a simple and user friendly crypto tax accounting solution, ZenLedger is your go-to software!
With CoinTracker, you can only access online support.
However, ZenLedger takes customer support a step ahead and offers business hours, and 24/7 live support in addition to online tech support.
CoinTracker offers plans for $o to $2,999+.
ZenLedger, on the contrary, offers five different software plan options priced from $0 a year to $999 a year. Additionally, ZenLedger offers tax professional prepared plans, ranging from $3,500-$6,500. Reasonable prices, customized solutions, and detailed reports: all in one!
ZenLedger’s Crypto Tax DIY Plans
Invite your tax professional to ZenLedger at no cost. Refere for Zenledger’s crypto tax software plan pricing. All plans offer a generous 1-year refund policy. Personal product consulting available per request at $150/hr as an add-on.
With CoinTracker, you can only import CSV from 300+ exchanges. But with ZenLedger, you can have access to 400+ exchanges, 40+ blockchains, and 20+ DeFi protocols.
The Bottom Line: Summary
Here’s a complete summary of CoinTracker and the best CoinTracker alternative, Zenledger: