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  • About CoinTracker
    • CoinTracker features
  • CoinTracker product rating: 3.6 stars
  • The pros of CoinTracker
  • The cons of CoinTracker
  • CoinTracker alternatives
  • FAQ
moneyGenius Team
Written and Edited By

CoinTracker is a software that specializes in cryptocurrency and NFT tax management. It allows you to sync all your wallets into one place, which you can then use to help simplify your crypto tax filing.

You can generate a CRA tax form or file taxes directly with one of CoinTracker's many tax software partners, including popular choices like TurboTax and H&R Block.

CoinTracker features

While CoinTracker isn't a traditional tax software, it still has many of the same features:

CoinTracker
3.6
Genius Rating
Why You Want It
All your crypto-related taxes in one place
Special Features
  • 500+ supported wallets and exchanges
  • Read-only access to wallets
Provinces
ALL
Features
Fee Per Basic Return
$79
Free Version Available?
No
Requirements For Free Version
See Issuer for Details
Import Prior Year Data?
Yes
Import Prior Year Data From Another App?
Yes
Free Support Available?
No
Accuracy Guarantee
No
Mobile App?
Yes
Access To Tax Expert
Yes

CoinTracker product rating: 3.6 stars

The two most important aspects of tax software are accuracy and clarity. Thankfully, CoinTracker knows this and has made these details its chief concerns. Once you sync all your wallets with CoinTracker, they can all be seen together on a single dashboard, striking a nice balance between high information and solid clarity.

CoinTracker also functions as a portfolio tracker, with daily updates and performance tracking to keep up to date on all of your wallets.

Rating methodology

To evaluate tax software, we analyze over 10 data points to generate a trustworthy Genius Rating. We consider all aspects of the tax software, including fees, accuracy guarantees, access to an app, customer satisfaction, and access to experts, to assess its overall value. Then, the tax software’s features are rated based on how they stack up against other available options.

Learn more about our rating methodology.

The pros of CoinTracker

Here's what you'll love about CoinTracker:

Pros

proAll your transactions in one place

With CoinTracker, you can sync all of your transactions from any of the 500+ supported wallets and exchanges into a single dashboard. Taxes are complicated enough without dozens of different wallets to keep track of, so this feature makes CoinTracker especially attractive.

proRead-only access to your wallets

You don't have to worry about CoinTracker's information getting hacked, as they don't have any access to make actual transactions from your wallets. It also offers token-based two-factor authentication for added security.

proGenerate CRA tax forms directly

If you don't want to import your transaction data into another tax software, you can always just generate information to fill out your CRA tax forms directly.

proTrack airdrop transactions easily

It can be a headache to file taxes for airdrops. With CoinTracker, you can track a transaction as an airdrop, and the software will do the rest for you – a feature that can be a real sanity saver.

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The cons of CoinTracker

Here are a few things to keep in mind about CoinTracker:

Cons

conBare-bones free version

The free version of CoinTracker doesn't offer many features. If you want automatic tax filing, portfolio tracking, and access to support, you'll have to pay a subscription fee.

conTransactions capped per subscription tier

Even if you do pay for a subscription, your yearly transaction limit for tax forms might be a limiting factor for active traders. The base subscription price of CA$79 per year includes an annual limit of 100 transactions, and prices increase rapidly from there.

CoinTracker alternatives

Here's a look at how CoinTracker stacks up against its competitors:

CoinTrackerWealthsimpleTurbotaxUFile
AccountCoinTrackerWealthsimple TaxTurboTaxUFile
Genius Rating3.63.94.62.3
Why You Want ItAll your crypto-related taxes in one placeEasily file your taxes for free + Get a 100% accuracy guarantee.Fast, easy tax filing + 100% accuracy guarantee + 20% off your purchase.Autofill your return with an accuracy guarantee + Certain groups can file for free.
Fee Per Basic Return$79$0$30$20.95
Free Version Available?NoYesYesYes
Requirements For Free Version See Issuer for Details
  • Always
  • Have a simple return
  • Comes with limited features
  • Have a simple return
  • Be a student
  • Have income below $20,000
Import Prior Year Data?YesYesYesYes
Import Prior Year Data From Another App?YesNoYesNo
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FAQ

Is CoinTracker safe?

Yes, CoinTracker is safe. It doesn't hold any of your actual assets – all it does is read your data in order to help you track your portfolio and file your crypto-related tax forms. CoinTracker also uses token-based two-factor authentication, which is one of the most secure methods to safeguard a personal account.

Is CoinTracker free?

While CoinTracker technically has a free option, it only includes basic portfolio updates. If you want the main function of the software (filing your crypto taxes), you'll need to pay at least CA$79 per year for the base version.

Is CoinTracker legit?

Yes, CoinTracker is a legitimate company. They have trustworthy official partners like TurboTax and H&R Block and are highly-rated by customers on Google Play and the Apple App Store. CoinTracker is a secure and easy way to organize your crypto-related taxes.

How much does CoinTracker cost?

The bare-bones version of CoinTracker is free, though it doesn't include automatic tax filing. Beyond that, CoinTracker has four subscription tiers. The Base version costs CA$79 per year, and Prime is $199 annually. The annual price tag for Ultra is CA$799, and Full Service (for big investors or businesses) comes to CA$4,689 for the year.

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Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.

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3.6
Genius Rating
 
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