CoinTracker costs $199/year, Koinly costs $49/year, TokenTax costs $65/year. They all do the same math, but the differences matter if you have 500+ transactions or DeFi activity.
Crypto tax software reads your exchange exports, calculates gains and losses, and generates the IRS forms. The 3 main options are CoinTracker, Koinly, and TokenTax. This page covers the price differences, the feature differences, and which one to pick based on your situation.
Crypto tax software reads your exchange exports, calculates gains and losses, and generates the IRS forms. CoinTracker is the most popular in the US, with the best US-specific tax form support. Koinly is the best value for international users and high-volume traders. TokenTax is the best for complex situations (DeFi, NFTs, margin trading).
All three accept the same input format: CSV or Excel from your exchange, cleaned by the recon cutoff tool. The recon cutoff tool’s output is the input to the tax software. The conversion is the bridge between the exchange and the tax software.
For the broader crypto tax workflow, see the crypto tax statement preparation guide pillar. For the 1099-DA, see the 1099-DA reporting guide. For cost basis methods, see the cost basis methods guide.
The 3 Main Options
3 main crypto tax software options cover 95% of US crypto investors. Each has a different price point and a different feature set.
What most guides miss about crypto tax reporting is that the quality depends on the mechanism, not on the tool. Two tools that look different on the surface often run the same 4-step process underneath: read, find, parse, verify. The difference is in how well each step handles edge cases (merged cells, missing balances, non-standard date formats, scanned vs digital input).
Choosing between tools based on UI alone misses the actual quality lever.
Option 1: CoinTracker
CoinTracker is the most popular US crypto tax software. The pricing is $199/year for the US plan (unlimited transactions). CoinTracker integrates with 300+ exchanges and wallets. The US-specific tax form support is the best of the 3 options: Form 8949, Schedule D, Schedule B, and the new 1099-DA import.
CoinTracker’s strengths: best US tax form support, the largest integration list, the best mobile app. CoinTracker’s weaknesses: highest price, slower than Koinly on large datasets, no DeFi specialization.
Option 2: Koinly
Koinly is the best value for international users and high-volume traders. The pricing is $49/year for the Hobby plan (100 transactions), $99/year for the Newbie plan (1,000 transactions), $199/year for the Hodler plan (3,000 transactions), and $299/year for the Trader plan (10,000 transactions). Koinly integrates with 350+ exchanges and wallets.
Koinly’s strengths: lowest price for small-to-medium accounts, the largest integration list (350+), fast on large datasets. Koinly’s weaknesses: US-specific tax form support is good but not as deep as CoinTracker, no audit support.
Option 3: TokenTax
TokenTax is the best for complex situations (DeFi, NFTs, margin trading). The pricing is $65/year for the basic plan, $199/year for the Pro plan. TokenTax integrates with 100+ exchanges and wallets. The DeFi and NFT support is the best of the 3 options.
TokenTax’s strengths: best DeFi and NFT support, the lowest price for the Pro plan, audit support included. TokenTax’s weaknesses: smallest integration list, US-specific tax form support is good but not as deep as CoinTracker.
The Feature Comparison
The 3 options differ on 5 features. The feature comparison is the right way to choose.
Feature 1: US Tax Form Support
CoinTracker is the best for US tax forms. The Form 8949, Schedule D, Schedule B, and 1099-DA import are all supported. Koinly is good but not as deep. TokenTax is good but not as deep as CoinTracker.
For US investors who file Form 8949 and Schedule D, CoinTracker is the right choice. For US investors who only need Schedule D (no other forms), Koinly or TokenTax is fine.
Feature 2: DeFi and NFT Support
TokenTax is the best for DeFi and NFTs. The DeFi support covers Uniswap, SushiSwap, Aave, Compound, and others. The NFT support covers OpenSea, Rarible, and others. CoinTracker and Koinly have DeFi support but not as deep as TokenTax.
For investors with significant DeFi or NFT activity, TokenTax is the right choice. For investors with only exchange-based crypto, CoinTracker or Koinly is fine.
Feature 3: Price
Koinly is the cheapest for small accounts. CoinTracker is the most expensive at $199/year. TokenTax is in the middle at $65-199/year. The price depends on the transaction count and the plan.
For investors with fewer than 100 transactions, Koinly’s free tier works. For 100-1,000 transactions, Koinly’s Newbie plan ($99/year) is the best value. For 1,000+ transactions, CoinTracker or TokenTax’s higher tiers are better.
Feature 4: Audit Support
TokenTax is the only one with built-in audit support. The audit support includes a dedicated CPA team and the ability to generate IRS audit response documents. CoinTracker and Koinly do not have built-in audit support.
For investors who have been audited or are likely to be audited, TokenTax is the right choice. The audit support is worth the higher price for high-net-worth investors.
Feature 5: Mobile App
CoinTracker has the best mobile app. The app lets you check your tax liability in real time, upload exchange statements on the go, and see the 1099-DA import status. Koinly and TokenTax have mobile apps but not as polished.
For investors who manage their crypto on mobile, CoinTracker is the right choice. For desktop-only investors, any of the 3 is fine.
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Convert your statementThe Decision Tree
3 questions to pick the right software.
Question 1: Do You Have DeFi or NFT Activity?
If yes, use TokenTax. The DeFi and NFT support is the best of the 3 options. If no, move to question 2.
Question 2: How Many Transactions Per Year?
If fewer than 100, use Koinly’s free tier. If 100-1,000, use Koinly’s Newbie plan. If 1,000+, use CoinTracker. If 5,000+ with complex situations, use TokenTax’s Pro plan.
Question 3: Do You Need US-Specific Tax Forms?
If yes (Form 8949, Schedule B, 1099-DA), use CoinTracker. The US tax form support is the best. If only Schedule D, any of the 3 is fine.
A common failure mode bookkeepers report is treating this as a single operation rather than a chain of dependent steps. The temptation is to find a tool that ‘just works’ and stop investigating the mechanism.
The result is a wrong-fix cycle: the tool gives partial output, the bookkeeper spends 30+ minutes troubleshooting, the fix is for the wrong step, and the same error recurs on the next statement. The fix: identify which step failed and apply the right intervention to that step.
How the Recon Cutoff Tool Fits
The recon cutoff tool’s per-transaction export is the input to all 3 options. The export is a clean Excel or CSV file with the lot ID, the date, the asset, the quantity, the proceeds, the cost basis, and the gain/loss. The 3 tax software options read this format.
The recon cutoff tool’s per-exchange handling (Coinbase, Kraken, Gemini, Robinhood) reads each exchange’s format and normalizes the output. The tax software then applies the cost basis method you choose and generates the IRS forms. The conversion is the bridge between the exchange and the tax software.
For the broader crypto tax workflow, see the crypto tax statement preparation guide pillar. For the 1099-DA, see the 1099-DA reporting guide . For cost basis methods, see the cost basis methods guide . The bank statement converter handles all the steps with the integrity check at the end. The bank statement converter handles all the steps with the integrity check at the end.
The bank statement converter handles all the steps with the integrity check at the end. The bank statement converter handles all the steps with the integrity check at the end.
Related: complete 1099-DA crypto tax guide
This topic is part of the broader 1099-DA and crypto-tax cluster on this site. The consolidated hub for the entire topic, including the form mechanics, broker requirements, cost basis methods, reconciling to bank statements, and state-level differences, now lives in the complete 1099-DA crypto tax reporting guide.
For related reading, the complete US bank payment rails guide covers ACH and wire cash flows from crypto exchanges, and the complete MCC guide covers merchant category codes on credit-card statements. The expanded bank statement anatomy pairs naturally with this hub.
More on the broader cluster
For the broader context on US bank-statement reading, see the consolidated hubs on merchant category codes, payment rails, and the statement anatomy. These hubs work together to cover credit-card statements, bank-account statements, and the categorization signals that survive merchant-name truncation.
When reconciliation runs into edge cases, the practical answer usually lives in the federal-regulations cluster, the bookkeeper-resource cluster, or the credit-card-statements cluster. Each offers a domain-specific take on the same underlying signal.
Easy Statement Sheet reads bank-statement and credit-card statement PDFs into a clean four-column output (Date, Description, Amount, plus Merchant Category Code for credit-card statements, plus the running balance for bank-account statements). Files are never stored.
The first three statement conversions are free, no card required. Plans start at $15 per month. The four-column output preserves the categorization signals without retyping, so the rule-based reconciliation layer survives merchant-processor changes.
Decision framework for this topic
For the broader context on US bank-statement reading, see the consolidated hubs on merchant category codes, payment rails, and the statement anatomy. These hubs work together to cover credit-card statements, bank-account statements, and the categorization signals that survive merchant-name truncation.
Each hub is built to be the canonical reading for one cluster of search intent, with cross-cluster links that take you to the right next node.
When reconciliation runs into edge cases, the practical answer usually lives in the federal-regulations cluster, the bookkeeper-resource cluster, or the credit-card-statements cluster. Each offers a domain-specific take on the same underlying signal. The merchant category code is the same whether the reader is the small-business owner, the bookkeeper, or the lender.
For lender workflows, the merchant category code on credit-card statements and the ACH SEC code on bank-account statements are the two signals underwriters most often scan first. Lenders use the four-column conversion output as a quick reference for what the borrower actually spent.
Cash advances flagged at MCC 6011 and quasi-cash at MCC 6051 draw particular scrutiny at mortgage underwrite, and crypto exchanges on the ACH rail draw additional questions for self-employed applicants.
For bookkeeper workflows, the categorical signal ties directly into the chart-of-accounts. A bookkeeper who maintains categorization rules keyed off the merchant category code can process dozens of clients per week without manual categorization of common merchant types. The conversion output is the durable input; the rule set is the durable work product.
Easy Statement Sheet reads bank-statement and credit-card statement PDFs into a clean four-column output (Date, Description, Amount, plus Merchant Category Code for credit-card statements, plus the running balance for bank-account statements). Files are never stored. The conversion runs entirely in memory and produces a deterministic output that downstream tools can parse.
The first three statement conversions are free, no card required. Plans start at $15 per month. The four-column output preserves the categorization signals without retyping, so the rule-based reconciliation layer survives merchant-processor changes. For bookkeepers handling dozens of clients per month, this is the highest-leverage workflow to standardize.
Related reading and broader clusters
For the broader context on US bank-statement reading, see the consolidated hubs on merchant category codes, payment rails, and the statement anatomy. These hubs work together to cover credit-card statements, bank-account statements, and the categorization signals that survive merchant-name truncation.
Each hub is built to be the canonical reading for one cluster of search intent, with cross-cluster links that take you to the right next node.
When reconciliation runs into edge cases, the practical answer usually lives in the federal-regulations cluster, the bookkeeper-resource cluster, or the credit-card-statements cluster. Each offers a domain-specific take on the same underlying signal. The merchant category code is the same whether the reader is the small-business owner, the bookkeeper, or the lender.
For lender workflows, the merchant category code on credit-card statements and the ACH SEC code on bank-account statements are the two signals underwriters most often scan first. Lenders use the four-column conversion output as a quick reference for what the borrower actually spent.
Cash advances flagged at MCC 6011 and quasi-cash at MCC 6051 draw particular scrutiny at mortgage underwrite, and crypto exchanges on the ACH rail draw additional questions for self-employed applicants.
For bookkeeper workflows, the categorical signal ties directly into the chart-of-accounts. A bookkeeper who maintains categorization rules keyed off the merchant category code can process dozens of clients per week without manual categorization of common merchant types. The conversion output is the durable input; the rule set is the durable work product.
Easy Statement Sheet reads bank-statement and credit-card statement PDFs into a clean four-column output (Date, Description, Amount, plus Merchant Category Code for credit-card statements, plus the running balance for bank-account statements). Files are never stored. The conversion runs entirely in memory and produces a deterministic output that downstream tools can parse.
The first three statement conversions are free, no card required. Plans start at $15 per month. The four-column output preserves the categorization signals without retyping, so the rule-based reconciliation layer survives merchant-processor changes. For bookkeepers handling dozens of clients per month, this is the highest-leverage workflow to standardize.
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