5 best crypto tax software (2025): How to choose the right solution

The best crypto tax software in 2025 depends on your needs, but top platforms include CoinTracker, Koinly, ZenLedger, and CoinLedger. Among these, CoinTracker stands out for its DeFi support, seamless integrations, and compliance with 2025 IRS updates.

Mistakes on tax forms – crypto or otherwise – can be costly, leading to audits, penalties, or unexpected tax bills. Crypto taxes can be especially tricky, with transactions spread across multiple protocols, exchanges, wallets, and DeFi platforms. And with the IRS paying extra attention to crypto transactions, keeping clear, accurate, and comprehensive records of your crypto and web3 activity is all the more important.

Rather than spending hours logging everything manually, many investors use portfolio tracking tools and crypto tax software. The right software cuts down on tedious data entry, helps prevent people from reporting the wrong information, and makes tax season far less stressful.

In this guide, we’ll explain how crypto tax reporting software works. We'll also explore six of the best crypto tax software options for 2025 and share strategies to help you choose the right one for tracking your crypto taxes. 

5 top crypto tax software options

We’ll be upfront: At CoinTracker, we believe we offer the best crypto tax software. But we also know that every investor has different needs, which is why there are so many options available. Here’s a look at five top crypto tax software platforms to consider:

CoinTracker

More than 2.5 million users trust CoinTracker for a reason – actually, for many reasons. Since launching in 2017, CoinTracker has been dedicated to making crypto portfolio tracking and tax filing as stress-free of an experience as possible.

• Integrates with 500+ wallets and exchanges
• Supports 50,000+ DeFi smart contracts
• Automatically categorizes transactions and calculates cost basis
• Generates IRS-compliant forms and supports Rev. Proc. 2024-28
• Syncs with TurboTax, H&R Block, or CPAs
• Tracks NFTs, DeFi, and enables tax-loss harvesting
• Free Portfolio Tracker; paid plans: Base, Prime, Ultra

Koinly

Since its launch in 2018, Koinly has built a solid reputation among U.K. crypto investors – especially those dealing with DeFi, staking, and lending. Known for its user-friendly interface and detailed tax reports, Koinly supports compliance in 20+ countries and claims to generate tax-compliant forms in less than 20 minutes.

• Designed for international users (especially UK-based)
• Handles DeFi, staking, lending, and NFT trading
• Fast tax form generation (< 20 minutes)
• Includes tax/profit calculators and portfolio tracking
• Offers a free plan with paid upgrades for more features

TurboTax

Intuit’s TurboTax has long been a go-to tax software for fiat, and in recent years, it has expanded its offerings to support crypto traders. While it’s not a dedicated crypto tax platform, it features tools like a crypto tax calculator and access to crypto tax experts.

• General-purpose tax software with basic crypto support
• Offers crypto tax calculator and expert access
• No direct integrations with wallets/exchanges
• Best used alongside a crypto-dedicated tool like CoinTracker
• Tiered pricing through Intuit

ZenLedger

ZenLedger is a crypto tax software that offers DIY tax plans, state and federal filing, and access to tax professionals for complex cases. Launched in 2017, it has expanded its integrations with exchanges and DeFi applications and offers detailed audit trails.

• Provides audit trail tracking for compliance
• Expanding support for DeFi and exchange integrations
• Designed for users needing more in-depth tax support
• Slightly less intuitive UI compared to competitors

CoinLedger

Previously known as CryptoTrader.Tax, CoinLedger has focused on providing a simple solution for crypto taxes since its founding in 2018. CoinLedger users generally praise the platform's simple-to-scan dashboard and user-friendly design.

• Easy-to-use dashboard for tax filing
• Supports DeFi and NFT tracking
• Offers DIY and professional-tier plans

What is crypto tax software?

Crypto tax software helps investors track and organize digital asset transactions while staying compliant with tax laws. These platforms use algorithms to sort different types of crypto transactions and calculate taxable gains and losses in real time.

Many crypto tax tools connect directly to exchanges and wallets, automatically pulling transaction data to minimize errors and save time. Once the data is compiled, users can import it into tax forms, then either share it with a CPA or sync it with tax software like TurboTax and H&R Block for a smoother filing process.

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How does crypto tax software work?

Crypto tax software automatically pulls data from linked exchange accounts and wallets to track transactions and taxable events. Once imported, it categorizes activities like buys and sells, transfers, bridges, swaps, staking rewards, and liquidity pools, then calculates capital gains, losses, or taxable income. These platforms also align with and codify local tax regulations to generate federal and state-compliant tax forms, ensuring accurate reporting and filing.

Many crypto tax tools allow users to export data directly to tax software like TurboTax and H&R Block. They may also provide options to share reports with a CPA or connect with a crypto tax professional for personalized guidance.

For example, CoinTracker lets users link APIs from exchange accounts, connect public wallet addresses, and import CSV files, compiling all transactions in one centralized dashboard. CoinTracker also tracks DeFi activity, giving users a comprehensive view of their crypto holdings.

How to choose the best tax software for cryptocurrency

With so many crypto tax software options available, choosing the right one might seem easier said than done. When it comes to choosing a platform, the best fit depends on a trader’s specific needs. Here’s what to keep in mind:

• Supported exchanges and wallets: For any crypto tax software to be useful, it needs to integrate with your preferred platforms. Before committing, be sure it supports all the exchanges, wallets, and DeFi protocols that you use.
• Legal compliance: For U.S. taxpayers, the best crypto tax software in the U.S. offers IRS-compliant forms and aligns with state-specific tax rules. If you’re outside the U.S., check whether the platform generates the correct forms for your country’s tax authorities.
• Security and data privacy: Crypto tax software requires sensitive information, from know-your-customer (KYC) details to linked exchange APIs and wallet addresses. Research a provider’s encryption standards, security measures, and reputation to protect your data from potential breaches. 
• Pricing: While accuracy should be the priority, cost is still a key factor. Overpaying for features you don't need will only eat into any potential tax savings.
• User-friendly interface: A good crypto tax tool should simplify the process, not complicate it. Look for a platform with an intuitive layout that makes tracking and reporting transactions as simple as possible.
• Special features: If you’re still torn between platforms, consider any extra perks they offer. The best crypto tax software for NFT traders may not be the best crypto tax software for DeFi, so explore what each platform offers and how it fits your trading habits.

Benefits of using crypto tax software

Here’s a closer look at some of the perks crypto tax software offers:

Saves time

Unless you’ve only made a handful of trades throughout the year, tracking each and every crypto transaction can quickly cause a headache. Even without DeFi loans, staking, or yield farming, it takes time to record cost basis, track transfers, and categorize transactions correctly. Crypto tax software handles this automatically by syncing with your accounts and sorting everything for you.

Reduces errors

Crypto tax calculations are tedious, and mistakes happen easily. Crypto tax software minimizes human error by pulling precise transaction data with timestamps and details and automatically categorizing them. This improves accuracy, simplifies tax returns, and helps investors identify opportunities for tax-loss harvesting, impermanent loss, and overall gains or losses.

Makes compliance easy

Another benefit of crypto tax software is that it automates many processes that you’d otherwise have to do manually. It uses your transactional data to generate important IRS forms like Form 8949, Schedule D, and Schedule C. With all your essential documents prefilled, you'll file more accurately, which lowers the risk of IRS audits or penalties.

Simple, stress-free crypto tax reporting with CoinTracker

No matter how you engage in the crypto market, CoinTracker helps take the stress out of tax season. As one of CNBC & Statista’s Top Fintech Companies 2025, our easy-to-use platform lets you link exchange accounts and wallets for a real-time view of your transactions. When it’s time to file, CoinTracker organizes your data into IRS-compliant forms, ready for a CPA or tax software like TurboTax and H&R Block.

FAQs

What is the best crypto tax software for DeFi?

CoinTracker is one of the best crypto tax solutions for DeFi users in 2025. It supports over 50,000 DeFi smart contracts and offers deep integrations with major wallets and protocols. CoinTracker automatically tracks staking, liquidity pools, bridges, and other DeFi activities, making it easy to organize complex transactions for tax reporting.

Are there any free crypto tax software options available?

Yes. Several platforms offer free plans, including CoinTracker, Koinly, and CoinLedger. CoinTracker’s free plan includes a Portfolio Tracker and a general tax summary, giving users a comprehensive overview of their crypto holdings at no cost. Free plans typically support limited transaction volumes and basic reporting features.

Is CoinTracker IRS-compliant in 2025?

Yes. CoinTracker is fully IRS-compliant and supports the latest regulatory updates, including Rev. Proc. 2024-28, which introduced mandatory per-wallet cost basis tracking in 2025. CoinTracker is one of the only platforms to restructure its technology around this rule, helping users maintain safe harbor protection and align with new Form 1099-DA requirements.

Can I use CoinTracker with TurboTax?

Absolutely. CoinTracker integrates directly with TurboTax and H&R Block, and is their official crypto tax partner. Users can export their crypto tax data seamlessly into their preferred tax filing software. This makes it easy to transition from transaction tracking to filing with just a few clicks.

What is the best crypto tax platform for Coinbase?

CoinTracker is one of the best platforms for Coinbase users. It has an official partnership with Coinbase, allowing users to automatically import their transaction history without needing to manually upload CSV files. This ensures accurate, up-to-date tax reporting with minimal effort.

Sign up for a free CoinTracker Portfolio Tracker account and see how simple managing crypto taxes can be.

Disclaimer: This post is informational only and is not intended as tax advice. For tax advice, please consult a tax professional.