As cryptocurrency continues to gain mainstream adoption, the complexity of managing crypto taxes has become a significant challenge for investors, particularly in the United States. With the IRS increasing its scrutiny on crypto transactions, accurate and compliant tax reporting is more critical than ever. In 2025, crypto tax software has become an indispensable tool for US investors, automating the process of tracking transactions, calculating gains and losses, and generating IRS-compliant reports. Among the leading platforms in this space are Koinly, CoinLedger, and TaxBit. Each offers unique features tailored to different investor needs, from individual traders to enterprise-level users. This article provides a detailed comparison of these three platforms, helping US investors choose the best crypto tax software for their specific requirements.
Overview of the Platforms
Koinly
Koinly is a popular choice for individual investors, known for its extensive support for over 23,000 cryptocurrencies, 400+ exchanges, and 170 blockchains. It offers tax reports for more than 20 countries, making it a versatile option for international users, though its primary focus is on individual investors. Koinly’s smart-matching AI simplifies transaction categorization, and its user-friendly interface appeals to both beginners and experienced traders. However, it lacks some advanced features like tax loss harvesting, which may be a drawback for some users.
CoinLedger
CoinLedger stands out for its ease of use and affordability. Designed by crypto investors for crypto investors, it integrates with over 350 exchanges and 181 DeFi platforms, making it ideal for users engaged in decentralized finance (DeFi) and non-fungible tokens (NFTs). CoinLedger’s partnership with TurboTax ensures seamless tax filing, and its audit trail feature provides transparency in calculations. It also offers a tax loss harvesting report, helping users optimize their tax liabilities.
TaxBit
TaxBit is geared more toward enterprise users and regulators, though it does offer a product for individual investors. It supports over 4,200 digital currencies and integrates with more than 500 platforms, including exchanges, wallets, and DeFi protocols. TaxBit’s focus on regulatory compliance and its ability to generate detailed audit trails make it a strong choice for users prioritizing compliance. However, its user interface has been criticized for being less intuitive, and its customer support has faced complaints about slow response times.
Comparison Based on Key Criteria
Ease of Use
- CoinLedger: Praised for its intuitive interface, CoinLedger is designed to simplify the tax reporting process. Users can import transactions and generate reports in minutes, making it ideal for those who value simplicity.
- Koinly: While Koinly has a sleek interface, some users have reported issues with transaction mislabeling, which can complicate the process and potentially lead to overpayment of taxes.
- TaxBit: TaxBit has been criticized for its confusing user interface, particularly for individual investors, which may make it less appealing for those without technical expertise.
Pricing
All three platforms offer free tiers, but their paid plans differ:
- CoinLedger: $49 for up to 100 transactions, scaling to $199 for up to 3,000 transactions.
- Koinly: $49 for up to 100 transactions, with higher tiers up to $279 for over 3,000 transactions.
- TaxBit: $50 for up to 250 transactions, with more expensive plans for higher transaction volumes. For individual investors, CoinLedger and Koinly offer more affordable options, while TaxBit’s pricing is better suited for enterprise users.
Customer Support
- CoinLedger: Offers free email and live chat support, with a reputation for quick and helpful responses.
- Koinly: Recently introduced email and live chat support for all users, though some users have reported delays.
- TaxBit: Provides email and chat support but has faced criticism for slow response times, which may frustrate users needing timely assistance.
Features
- DeFi and NFT Support: All three platforms support DeFi and NFTs, but CoinLedger and Koinly are particularly strong in this area, with CoinLedger offering more integrations for DeFi platforms.
- Tax Loss Harvesting: CoinLedger provides a tax loss harvesting report, a feature not available on Koinly or TaxBit, which can help users minimize their tax liabilities.
- Audit Trail: CoinLedger and TaxBit both offer audit trail features, providing detailed documentation of taxable events, which can be crucial during IRS audits.
US Tax Compliance
All three platforms generate IRS-compliant reports, including Form 8949. However, TaxBit’s focus on regulatory compliance and its enterprise-level features may appeal to users who prioritize strict adherence to tax laws.
Summary Table
| Criteria | Koinly | CoinLedger | TaxBit |
|---|---|---|---|
| Ease of Use | Good, but some mislabeling issues | Excellent, intuitive interface | Confusing for individual users |
| Pricing | $49–$279 | $49–$199 | $50–$500 |
| Customer Support | Email and live chat | Email and live chat | Email and chat (slow responses) |
| Key Features | Smart-matching AI, global tax reports | Tax loss harvesting, audit trail | Enterprise focus, regulatory compliance |
| US Tax Compliance | IRS-compliant reports | IRS-compliant reports, TurboTax integration | IRS-compliant reports, audit trail |
Conclusion
For most individual US investors in 2025, CoinLedger is the top choice due to its ease of use, affordability, and comprehensive features like tax loss harvesting and audit trail reports. Its seamless integration with TurboTax also simplifies the filing process. However, Koinly may be a better fit for investors with a large number of transactions or those needing support for a wide range of cryptocurrencies and exchanges, thanks to its extensive integrations and global tax support. For enterprise users or those prioritizing regulatory compliance, TaxBit offers robust features tailored to meet stricter compliance needs, though its user interface and customer support may be less appealing to individual investors. Ultimately, the best platform depends on the specific needs and preferences of the investor.
Read more : Best Crypto Tax Software for 2025