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If you're searching for the best crypto tax calculator, you're in the right place! As a crypto trader, you might have noticed that filing taxes for your digital assets can be a daunting task. With fluctuating prices, different types of transactions, and various regulations across different jurisdictions, it's easy to feel overwhelmed and unsure of what to do.

This is where crypto tax calculations come in handy. However, there is a variety of calculators that might not be suitable for everyone. One might search for a free crypto tax calculator, while another might search for one that offers unlimited possibilities. Don't worry, I'll save you the hassle of researching numerous platforms yourself!

In this article, I'll introduce you to the best crypto tax software out there that can greatly simplify the tax reporting process. No matter if you trade on Kraken, KuCoin, or Binance, I’ve got you covered! These best tax software for crypto will not only accurately calculate your taxes and save you time, but will also reduce your stress levels and save you money.

The best crypto tax calculators that will be discussed here include:

So, let's dive in and make crypto taxes easy!

Best Crypto Tax Calculator: So, What are Crypto Tax Calculators?

To find the best crypto tax calculator for you, you first need to understand what these calculators are about.

Cryptocurrencies have become an increasingly popular investment option for many people. However, with the rise of cryptocurrencies comes the need to accurately report your gains and losses for tax purposes. This is where those “crypto capital gains tax calculators” come in.

Crypto tax calculators are online tools that help you calculate your taxes on cryptocurrency trades and investments. They take into account factors such as the date and time of the trade, the type of cryptocurrency, the amount invested, and the price at which it was bought and sold.

This information is then used to calculate the amount of capital gains or losses you have incurred on your cryptocurrency investments.

Best crypto tax calculator: A person counting taxes.

Using a crypto tax calculator can help simplify the process of reporting your cryptocurrency gains and losses for tax purposes. Instead of manually calculating your taxes, which can be a time-consuming and complicated task, a crypto tax calculator can do the work for you quickly and with precision.

It's important to note, though, that not all crypto tax calculators are the same. Some calculators may have limited functionality or may not be able to handle certain types of cryptocurrency trades. So, make sure to choose a reputable and reliable crypto tax calculator that is capable of handling your cryptocurrency investments.

Speaking of using a crypto tax calculator, how exactly does the process look?

How Do I Use a Crypto Tax Calculator?

Using a crypto tax calculator may sound a bit complicated, but it's actually quite simple, especially if you pick one of the best crypto tax calculators listed here and follow these steps:

Step 1: Gather all your crypto-related information.

Before you start using a crypto tax calculator, make sure you have all the necessary information in hand. This includes details of all the exchanges, wallets, blockchains and services you’ve used in the past year.

Be sure to also keep transaction details (like dates, prices, and amounts bought or sold) close by, as you can input their details even if they didn’t take place on a supported platform.

Step 2: Choose the right crypto tax calculator.

There are many crypto tax calculators available online, so make sure you choose one that fits your needs. Some calculators are free, while others require payment. You should also consider factors like the type of cryptocurrencies you've traded, the exchanges you've used, and the country you're in.

Step 3: Integrate exchanges, wallets, and blockchains to import transactions.

Once you've selected your crypto tax calculator, the next step is to integrate it with the platforms and services you’ve used to make your cryptocurrency transactions. This can be done using CSV files and APIs.

Best crypto tax calculator: Tax folder.

Step 4: Add your extra transaction data (if needed).

If the selected crypto calculator doesn’t support all the services you’ve used, many offer the option to input unsupported transactions. This can be done in different ways depending on the calculator you’ve chosen - from filling fields to uploading CSV files provided by the exchanges.

Be sure to input all your transaction details in the format specified by the calculator. This includes the type of transaction (buy, sell, trade, or other), the date of the transaction, the cryptocurrencies involved, the amount, and the price.

Step 5: Add any deductions or losses.

If you've suffered any losses or can claim any deductions, you'll need to enter these into the calculator as well. This could include losses from trading or fees paid to exchanges. But don’t worry, most calculators will guide you through this step!

Step 6: Generate your tax report.

Once you've entered all your information, the calculator will generate a tax report for you. This will include all your crypto-related income, gains, and losses, as well as any deductions you can claim.

You can then use this report to file your taxes with confidence, knowing that you've accurately reported all your cryptocurrency transactions.

Overall, using a crypto tax calculator is a straightforward process that can save you time and help you avoid costly mistakes. By following these simple steps, you can ensure that your cryptocurrency taxes are accurate and up-to-date. On that note, let's proceed to the list of the best crypto tax calculators out there!

1. Crypto.com Tax - Free Crypto Tax Calculator for All

Ranks #1 out of 7

Crypto.com Tax is a user-friendly crypto tax calculator that simplifies the process of calculating and reporting taxes on cryptocurrency gains and losses. Since it’s free and fully integrated with all the popular exchanges, experts say it’s one of the best crypto tax calculators available!

One of the great things about Crypto.com Tax is that it's designed to support a wide range of cryptocurrencies, so you can input all your transactions in one place. Thus, if you were looking for the perfect Bitcoin tax calculator, you just found it! Besides, the platform supports over 40 exchanges and wallets, including Binance, Coinbase, and Kraken

To get started with Crypto.com Tax, you'll need to sign up for an account and link your exchange or wallet accounts. The platform will automatically import your transaction data and calculate your gains and losses based on the tax laws in your country. Any extra transactions can be included using a CSV file provided by them.

Best crypto tax calculator: Crypto.com Tax.

One of the standout features of Crypto.com Tax is its ability to generate tax reports for a wide range of locations. As of writing, it supports the following tax jurisdictions: the US, Australia, the UK, Austria, Canada, Denmark, Finland, France, New Zealand, Norway, and Spain. So, if you're looking for a "crypto tax calculator USA," this just might be the one.

The platform also provides detailed instructions on how to file your taxes in each jurisdiction, which can be very helpful if you're not familiar with the process.

Also, it’s important to mention that the best thing about Crypto.com Tax is its pricing - or lack of pricing. As mentioned before, the platform offers a free crypto tax calculator that is comprehensive and user-friendly. This makes it accessible to a wide range of investors, from hobbyists to professional traders.

Overall, Crypto.com Tax is an excellent choice for anyone looking for a simple, free, and reliable crypto tax calculator. Its accessible interface, support for multiple exchanges and wallets, and a broad range of tax jurisdictions make it a great option for investors worldwide.

Visit Crypto.com Tax

2. Binance Tax - An Incredible Free Calculator for Binance Users

Ranks #2 out of 7

If you're looking for a reliable and user-friendly crypto tax calculator designed specifically for the Binance exchange platform, you'll be pleased to know that it has released its own calculator - Binance Tax. It is completely free and can be considered to be one of the best crypto tax calculators for many reasons.

As of writing, Binance Tax is still on its Beta version, though, and is only available in France and Canada. However, Binance is working to expand it to other countries, as well as to other blockchains, exchanges, and wallets! So, even if Binance Tax doesn’t meet your demands for now, be sure to keep an eye on the platform.

As one of the most popular cryptocurrency exchanges in the world, Binance offers a comprehensive tax reporting tool that helps you keep track of your transactions and calculate your tax obligations without any cost. Many traders say it is one of the best tax software for crypto available as of writing, even with its limitations.

With Binance Tax, you can easily import your trading history from Binance. The platform automatically calculates your gains and losses, applies the appropriate tax rules based on your location and tax status, and generates a detailed tax report that you can use to file your taxes with confidence.

Best crypto tax calculator: Binance Tax.

A key benefit of using Binance Tax is its simplicity. The platform is designed to be user-friendly and intuitive, even for beginners. You don't need any prior tax or accounting knowledge to use it, and the interface is straightforward and easy to navigate.

Another advantage of using Binance Tax is its accuracy for transactions that occur on the Binance exchange platform. The Binance platform is built on advanced algorithms and cutting-edge technology, which means that it can handle even the most complex tax scenarios with ease.

Even if you're dealing with multiple cryptocurrencies, Binance Tax can help you stay compliant and avoid any costly mistakes.

Finally, Binance Tax offers excellent value for money, given that it is a free crypto tax calculator. There are no hidden fees or charges to worry about, and you can generate unlimited tax reports for your Binance transactions.

Overall, Binance Tax is a reliable and effective tool for Binance customers who want to simplify their crypto tax reporting and stay on top of their finances. With its user-friendly interface, advanced features, and zero cost, it's definitely worth considering if you're in the market for a crypto tax calculator.

Visit Binance Tax

3. Koinly - Over 23,000 Supported Tokens

Ranks #3 out of 7

If you're looking for an all-in-one solution to simplify your crypto tax reporting, Koinly might be the tool for you. This user-friendly crypto tax calculator will help you keep track of your crypto transactions and calculate your tax liability accurately, making it one of the best crypto tax calculators.

With Koinly, you can easily import your data from various exchanges (more than 400) and wallets (over 100), including Binance, Coinbase, and Ledger. Once your data is imported, Koinly will automatically classify your transactions and generate your tax reports.

One of the best features of Koinly is its ability to handle complex crypto transactions. Whether you're dealing with staking, mining, or margin trading, Koinly can handle it all. It also supports over 23,000 cryptocurrencies, so you can rest assured that it’s much more than a Bitcoin tax calculator.

Koinly's tax reports are also customizable, allowing you to choose between different accounting methods such as FIFO, LIFO, and others. This level of flexibility ensures that your tax reports are accurate and compliant with your local tax laws.

Best crypto tax calculator: Koinly.

The supported jurisdictions of Koinly as of writing include the US, Canada, Australia, New Zealand, Brazil, the UK, Sweden, Denmark, Finland, Norway, Netherlands, France, Spain, Italy, Ireland, Czech Republic, Estonia, Malta, Luxembourg, Belgium, Poland, Iceland, South Korea, Singapore, India, and others.

As a matter of fact, Koinly can be used in any place that supports one of the following accountancy methods: First In First Out (FIFO), Last In First Out (LIFO), Highest Cost, Average Cost Basis, Shared Pool, or PFU. Being so widely useful, the platform is always mentioned in many best crypto tax software comparisons and reviews.

In terms of pricing, Koinly offers various plans to suit different needs. You can choose between the Free, Newbie, Hodler, and Trader plans, depending on how many transactions you’ve made and whether or not you want to generate tax reports. Paid plan prices go from $49 to $279 per tax year.

Overall, Koinly is a good choice for anyone looking for a comprehensive crypto tax calculator. Its ease of use and flexibility make it a top contender in the crypto tax space. With Koinly, you can file your taxes with confidence and ensure that your crypto finances are in order.

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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4. CoinLedger - Affordable and Comprehensive Solution

Ranks #4 out of 7

Keeping track of your cryptocurrency investments and transactions can be tiresome, especially when tax season comes around. That's where CoinLedger, regarded by many as one of the best crypto tax calculators, comes in.

One of the standout features of CoinLedger is its ability to automatically import your transaction data from many major cryptocurrency exchanges (over 400) and wallets (9, as of writing), including Coinbase, Binance, and Trezor, among others. This not only saves you time but also minimizes the risk of errors in your tax reporting.

CoinLedger's interface is easy to navigate, with all your transactions displayed in a clear and concise manner. You can also view your current portfolio value and capital gains/losses in real time, giving you a complete picture of your cryptocurrency holdings. As such, it serves as more than a Bitcoin tax calculator.

As of writing, CoinLedger offers its services to the following jurisdictions: the US, the UK, Ireland, Australia, Canada, New Zealand, Japan, Denmark, Spain, South Africa, Sweden, India, and Germany.

Best crypto tax calculator: CoinLedger.

The CoinLedger platform is highly secure, with all your data encrypted and stored on their servers. It also has a team of experienced accountants and tax professionals on hand to assist you with any questions or issues you may have. As such, it could never be left out of a best crypto tax software comparison.

But what about pricing? Well, CoinLedger offers different plans depending on how many transactions you need to register: from Hobbyist ($49 for 100 transactions) all the way to Unlimited ($199 for 3,000 transactions). There’s also a Free plan, which allows you to input unlimited transactions. However, it doesn’t generate tax reports.

Overall, if you're looking for a comprehensive crypto tax calculator that can help you easily file your taxes with confidence, CoinLedger is definitely worth checking out. With its intuitive interface, automatic data import, and robust reporting capabilities, it's a great option for both novice and experienced cryptocurrency investors.

5. CryptoTaxCalculator - Crypto, NFT, and Other DeFi Products

Ranks #5 out of 7

CryptoTaxCalculator is regarded as one of the best crypto tax calculators by many crypto experts. This easy-to-use software provides you with accurate calculations and helps you stay organized when it comes to your crypto finances.

One of the best things about CryptoTaxCalculator is how simple it is to use. You don't need to be an expert in tax law or have a deep understanding of crypto to use this tool. All you need to do is import all your information to the platform.

It automatically calculates your gains and losses, generates tax reports, and provides you with a comprehensive breakdown of your taxable events.

CryptoTaxCalculator stands out because of its AI-powered smart suggestions. With advanced algorithms, it efficiently reviews transactions, suggests categories, detects missing imports, and provides valuable insights for seamless tax reporting.

This AI-powered feature not only enhances CryptoTaxCalculator’s functionality but also positions it prominently in best crypto tax software comparisons.

Best crypto tax calculator: CryptoTaxCalculator.

Another great feature of CryptoTaxCalculator is that it supports over 150 exchanges, more than 250 wallets and many other types of DeFi services and products (including NFT marketplaces). This means that no matter what crypto assets you hold or where you trade, CryptoTaxCalculator has got you covered.

The user interface of CryptoTaxCalculator is intuitive. As such, it provides you with clear and concise reports that are easy to understand, making it simple for you to file your taxes with confidence.

One of the biggest advantages of CryptoTaxCalculator, though, is that it offers various types of pricing plans. From Free ($0) to Trader ($499), there’s a plan that caters to your specific needs, even if you just need the simplest crypto capital gains tax calculator.

The platform is currently available in the following locations: Canada, the USA, Australia, Japan, New Zealand, Singapore, Austria, Belgium, Germany, Finland, France, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the UK, and South Africa.

Overall, CryptoTaxCalculator is an excellent choice for anyone looking for an easy-to-use crypto tax calculator. With its simple user interface and wide range of supported crypto assets, it's a reliable tool that can help you stay on top of your crypto finances and make tax reporting a breeze.

6. CoinTracker - Tax-Loss Harvesting

Ranks #6 out of 7

If you're looking for a reliable and easy-to-use crypto tax calculator, CoinTracker is a good option to consider. Regarded as the best crypto tax calculator by many crypto enthusiasts, CoinTracker is an online platform that specializes in cryptocurrency portfolio tracking and tax reporting.

One of the best things about CoinTracker is its user-friendly interface. You can easily connect your crypto exchanges and wallets, and CoinTracker will automatically import all your transactions. It supports more than 450 exchanges and 28 wallets, including Binance, Kraken, Ledger, Trezor and more.

Besides, it supports a huge variety of popular crypto assets. So, if you’re on the lookout for a Bitcoin tax calculator, you just found one!

Now, CoinTracker also offers tax-loss harvesting, which can help you save money on your taxes. This feature automatically identifies any losses in your portfolio and suggests selling those assets to offset your gains. This can potentially reduce your tax liability and increase your after-tax returns.

Best crypto tax calculator: CoinTracker.

Another great thing about CoinTracker is that it supports a wide range of tax reporting options. Whether you need to file Form 8949, Schedule D, or any other tax form, it has got you covered. It also supports multiple accounting methods, such as FIFO, LIFO, and others, so you can choose the one that works best for you.

The CoinTracker platform offers full support for taxpayers in the US, India, the UK, Canada, and Australia. Besides that, it also offers partial support for several other countries by generating capital gain/loss reports.

Finally, CoinTracker provides users with different plans with prices ranging from $9 to $199. From Starter to Premium, there are many options for the average crypto enthusiast. The only downside is - even the most expensive plan cannot process more than 1,000 transactions, so it might not be the best option for avid traders.

CoinTracker also offers a Free plan, but it doesn’t allow the user to download any type of tax form. Still, it allows traders to track up to 10,000 transactions and preview their cost basis and capital gains.

Overall, if you're looking for a reliable and easy-to-use crypto tax calculator, CoinTracker is definitely worth checking out. Its user-friendly interface, tax-loss harvesting feature, and wide range of tax reporting options make it a good option for anyone who wants to keep their crypto finances in order.

7. TaxBit - Free Crypto Tax Calculator for USA-Based Taxpayers

Ranks #7 out of 7

TaxBit is a comprehensive cryptocurrency tax calculator that helps you automate your tax reporting process. Claimed by many as one of the best crypto tax calculators, this tool will help you calculate your gains and losses from cryptocurrency trading, mining, and staking activities.

Though, note that it is mostly focused on USA users, which makes it among the best crypto tax calculators (USA).

One of the standout features of TaxBit is its ability to integrate with more than 500 sources, including a wide range of exchanges and wallets. This integration helps to eliminate the need for manual data entry, which can be time-consuming and prone to errors.

Using TaxBit is easy and free of charge. All you have to do is connect your crypto exchanges and wallets to the platform and let it do the work for you. TaxBit will automatically track your transactions, calculate your tax liability, and generate your tax forms.

Best crypto tax calculator: TaxBit.

Even though TaxBit is mainly a crypto tax calculator for USA-based traders, taxpayers from outside the USA can take advantage of its services too. It provides users with a tool to track all transactions in one place and helps to calculate gains and losses on each taxable operation.

TaxBit also provides users with real-time tax guidance, which can be a great help for those who are new to crypto taxation. Also, it allows you to turn on alerts, which help you to stay on top of your tax obligations.

Overall, TaxBit is a great free crypto tax calculator (USA) for anyone looking to simplify their crypto tax reporting process. With its user-friendly interface, comprehensive integrations, and real-time tax guidance, TaxBit makes it easy to stay on top of your crypto tax obligations and avoid any potential penalties or fines.

Conclusion

Crypto taxes don't have to be a daunting task, especially if you find the best crypto tax calculator for your specific needs. With it, you can easily keep track of your crypto transactions and accurately report them on your tax return.

By taking the time to understand your tax obligations and using a reliable tax tool, you can save money and avoid any potential legal issues. Whether you're trading on Binance, Kraken, KuCoin, or any other exchange, these top crypto tax calculators will help you make the most of your crypto trading.

Just remember this: staying on top of your crypto tax reporting is crucial for maintaining financial stability and peace of mind. So, good luck with your next tax season!


Other Crypto Exchanges In This Category

Here are other crypto exchange related to the category but not as favoured by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I'd recommend for the same price range or less.

ZenLedger - Save Money Before Tax Season Arrives

ZenLedger is considered one of the best crypto tax calculators available on the market by many. With its intuitive interface and advanced features, ZenLedger makes it easy for anyone to keep their crypto finances in check while ensuring they comply with tax regulations.

One of the standout features of ZenLedger is its ability to automatically import data from a wide variety of exchanges and wallets. This means that you won't have to spend hours manually inputting your transaction history, and you can be confident that your tax calculations are accurate and up-to-date.

In addition to its automatic data import capabilities, ZenLedger also offers a range of useful tools and features to help you manage your crypto investments. For example, you can use the platform to track your portfolio's performance, view detailed reports on your transactions, and even generate custom tax forms for your accountant.

Best crypto tax calculator: ZenLedger.

ZenLedger also offers a tax-loss harvesting tool, which will help you identify tax savings opportunities before the tax deadline hits. Because of this feature, you can always spot its name in many best crypto tax software comparisons and reviews!

But perhaps the best thing about ZenLedger is how easy it is to use. The platform's intuitive design makes it simple to navigate and understand. And, if you ever run into any issues or have questions, ZenLedger's customer support team is always ready to help.

When it comes to prices, ZenLedger has a plan for everyone. If you’re doing your own reports, pricing ranges from $0 to $999, depending on what features you need. If you want a professional crypto accountant to help you or do the work for you, though, prices go from $275 to $6500. Obviously, ZenLedger's plans are not the cheapest, but there are plans for any budget level.

Overall, if you're looking for a reliable and user-friendly crypto tax calculator, ZenLedger is definitely worth considering. With its advanced features, automatic data import capabilities, and intuitive design, ZenLedger is a great tool to ensure that you're always compliant with tax regulations.

Coinpanda - Supports Most Exchanges

When it comes to keeping track of crypto transactions and calculating taxes, Coinpanda is a great option to consider, which makes it a part of many "best crypto tax calculators" lists. The platform offers an all-in-one solution for crypto tax reporting and portfolio tracking, making it easy for you to stay on top of your finances.

One of the key features of Coinpanda is its integration with over 900 sources, including 500+ exchanges, 110+ wallets, 240+ blockchains, and other services. All these integrations are here to save you time and effort!

Once your transactions are imported to Coinpanda, the platform calculates your tax liability. The generated reports comply with local tax laws and authorities (such as the IRS, HMRC, ATO, and CRA) from over 65 countries.

In addition to tax reporting, Coinpanda also offers a comprehensive portfolio tracker, allowing you to monitor your cryptocurrency investments in real time.

Best crypto tax calculator: Coinpanda.

You can see the current value of your holdings, as well as your historical profits and losses. This can be useful for making informed investment decisions and keeping track of your overall crypto portfolio performance.

Another great thing about Coinpanda is its user-friendly interface. Even if you're not tech-savvy, you can easily navigate the platform and generate tax reports with just a few clicks.

Coinpanda offers both free and paid plans, with the paid plans ranging from $49 to $189. While the free plan has many limitations, it's a great way to try out the platform and see if it meets your needs before committing to a paid plan.

Overall, Coinpanda is a reliable and user-friendly option for anyone looking to simplify their crypto tax reporting and portfolio tracking. With its automatic transaction import, accurate tax calculations, and comprehensive portfolio tracker, Coinpanda can help you stay on top of your finances and file your taxes with confidence.

Accointing - Flexible Tools for Everyone

Accointing is another great all-in-one crypto tax solution that is not left out of many "best crypto tax calculator" lists. The Swiss-based software company offers a suite of tools that can help you keep track of your cryptocurrency investments and easily generate tax reports.

One of the key features of Accointing is its easy-to-use interface. You don't need to be a tax expert to use this software - all you need to do is import your transaction data from your exchanges, wallets, or other sources, and Accointing will take care of the rest.

The software will automatically calculate your gains and losses, generate tax reports, and even help you identify tax-saving opportunities.

Accointing supports over 300 exchanges, including popular ones like KuCoin, Binance, Coinbase, and Kraken, as well as a variety of wallets and other data sources. So, you can import all of your transaction data into one place without having to manually enter anything.

Best crypto tax calculator: Accointing.

Accointing's tax reporting tools are also very flexible. You can generate a variety of reports, including tax reports for specific countries or regions. As of writing, Accointing fully supports the following jurisdictions: Austria, Australia, Germany, Netherlands, Switzerland, the OK, and the US.

But don’t worry - even if you’re not from the mentioned locations, you can still make generic tax reports for many other countries, including Argentina, Belgium, Brazil, Canada, Denmark, India, Ireland, Japan, Malaysia, Nigeria, Pakistan, Saudi Arabia, Thailand, and others. 

One thing that sets Accointing apart from other crypto tax calculators is its focus on education. The company offers a variety of resources to help users understand how crypto taxes work and how to navigate the complex tax landscape.

But what about pricing? Well, Accointing offers plans that range from Hodler ($49) to Whale ($499), so you should find the plan that suits your needs - even if you only need the most basic crypto capital gains tax calculator.

Overall, Accointing is a solid choice for anyone looking for a comprehensive crypto tax calculator. The software is user-friendly, supports a wide range of exchanges and cryptocurrencies, and offers flexible tax reporting options. Plus, with its focus on education, you'll be able to learn and understand tax regulations better.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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FAQ

Why do I need a crypto tax calculator?

A crypto tax calculator is an essential tool for anyone who has invested in cryptocurrency. When you buy, sell, or trade cryptocurrencies on exchanges like Binance or Kraken, you need to report these transactions for tax purposes. However, calculating your crypto taxes can be a daunting task, especially if you have multiple transactions across different platforms. A crypto tax calculator simplifies the process by automatically tracking your transactions and generating accurate tax reports. This way, you can ensure that you are paying the right amount of taxes while avoiding potential penalties for non-compliance.

How do I choose the best crypto tax calculator for me?

When choosing a crypto tax calculator, there are several factors to consider. First, you should ensure that the calculator supports the cryptocurrencies and exchanges you have used for trading. Some calculators may not be compatible with certain cryptocurrencies or exchanges, but most of them connect to the best ones, like Binance, KuCoin, Kraken, and others. Additionally, you should consider the pricing structure of the calculator, as some may charge a flat fee while others may charge a percentage of your tax liability. Finally, you should look for a calculator that offers robust reporting features, such as detailed transaction histories and tax forms, to help you file your taxes with confidence. With this in mind, you’ll surely find the best tax software for crypto that caters to your needs.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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