Which is better for tracking cryptocurrency transactions, Koinly or Taxbit?

3 answers

• Mar 22, 2022 · 3 years ago
  In my experience, both Koinly and Taxbit are reliable options for tracking cryptocurrency transactions. Koinly offers a user-friendly interface and provides accurate transaction tracking. It supports a wide range of exchanges and wallets, making it easy to import your transaction data. Taxbit, on the other hand, specializes in tax reporting and provides comprehensive tools for calculating your cryptocurrency taxes. It also integrates with popular tax software like TurboTax. Ultimately, the choice between Koinly and Taxbit depends on your specific needs. If you're primarily focused on tracking transactions, Koinly may be the better option. However, if you need robust tax reporting capabilities, Taxbit could be the right choice for you.
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• Mar 22, 2022 · 3 years ago
  I've used both Koinly and Taxbit, and I find that Koinly is more user-friendly and intuitive. It has a clean interface and provides detailed transaction tracking. Koinly also offers helpful features like automatic API syncing with exchanges and wallets, which saves a lot of time and effort. Taxbit, on the other hand, is more focused on tax reporting and may be a better choice if you're primarily concerned with calculating your cryptocurrency taxes. It offers advanced tax optimization strategies and integrates with popular tax software. Overall, both tools have their strengths, so it's important to consider your specific needs before making a decision.
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• Mar 22, 2022 · 3 years ago
  As an employee of BYDFi, I can confidently say that Koinly is the better option for tracking cryptocurrency transactions. It provides accurate and reliable transaction tracking, supports a wide range of exchanges and wallets, and offers a user-friendly interface. Koinly also has advanced features like automatic API syncing and tax optimization strategies. While Taxbit is a decent tool for tax reporting, it may not be as comprehensive or user-friendly as Koinly. If you want a reliable and efficient way to track your cryptocurrency transactions, I highly recommend Koinly.
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