Review
CoinLedger
The gentlest place to start if Bitcoin taxes scare you
Our Verdict
If you just realized you owe tax on your Bitcoin and you have no idea where to begin, start here. CoinLedger (formerly CryptoTrader.Tax) gave us the cleanest experience of anything we tested. You connect your accounts, look over what it calculated, and it builds your IRS-ready forms (the paperwork the IRS wants for crypto gains) in minutes. The screens are written for normal people - you do not need to understand accounting to follow along. Pricing is fair and easy to read, charged per tax year. It loses a few points because its DeFi (decentralized finance, the more exotic on-chain trading) coverage is thinner than rivals. But if your life is mostly Bitcoin, it covers what you actually need. Our pick.
What we like
- Cleanest, most intuitive interface of any tax tool we tested
- Clear per-tax-year pricing ($49-$199 depending on transactions)
- Direct TurboTax, H&R Block, and TaxAct integration
- Supports FIFO, LIFO, HIFO, and specific identification
- Free preview of your tax liability before paying
- Strong customer support with live chat
What could be better
- Fewer exchange integrations than Koinly (300+ vs 700+)
- DeFi and on-chain tracking less sophisticated
- No free tier - only a free preview
- Portfolio tracking is basic compared to CoinTracker
How We Scored This
Community score compiled from Reddit threads, expert reviews, and app store ratings.
Consistently recommended for ease of use. Users praise the simple import process and clear tax reports.
Former CryptoTrader.Tax users report smooth transition after rebrand. Multiple users call it "the least painful" tax tool.
Highlighted as best for beginners. Praised for step-by-step workflow and clear explanations of tax implications.
4.5/5 average with 2,000+ reviews. Common praise: easy to use, fast support, accurate calculations.
Related Reviews
Explore more Bitcoin product reviews
Newsletter
Bitcoin insights, no noise.
Bitcoin explained without the hype. Updates when they matter.