Just started using this. Had some a few issues that I sent a quick chat request to after 1AM in the morning EST, and they responded pretty instantly, including modifying their import process for a given Exchange due to said exchange changing their format and they made a code change in less than 24 hours to fix the issue. Awesome customer service.
I have a feeling many frustrated people will leave Cointracker and use Coinledger this year! 👍
Important read here… Without @CoinLedger, there is NO way I could have figured out all of the transactions across wallets and exchanges. It’s bad enough with help from software, but impossible without it! Because of the complexity with wallets and the Voyager bankruptcy, I used their Expert Review service this year, and it was worth it!
Great company to work with.
Yuri was very professional and helped solve several issues I encountered. He was very patient even when I asked for some clarifications.
Thank you for all your help Yuri, you are excellent at your job.
Would recommend to anyone and everyone stressing over their crypto taxes. Awesome user friedly software with detailed information & instructions for all experience levels
If anybody needs a solid crypto tax software let me know and I’ll refer you. I just finished mine via @CoinLedger.
They did everything they promised they would, great support, great software, etc. Will continue to use for years to come
Coin ledger is the BEST
Crypto tax time has been made so much better with CoinLedger! Their platform is well-designed and easy to learn. Their tech team is responsive, thoughtful and thorough. I also purchased the Professional Review the last 2 years and felt added assurance before I turned in my tax form.
@CoinLedger thanks for adding it all up for me, very eye opening actually doing my crypto taxes correctly for a change 😂
Coinledger made a great progress in their effort to improve integration across different platforms and exchanges . I was recently able to successfully AUTO import my data from Robinhood ( which was a huge issue prior ) . All together I had to put together data from 5 different platforms and it all worked out . Support team was phenomenal . Very helpful , took me from beginning to the end , making sure each issue was resolved . Karel was very helpful and went out of his way to address any issues that needed to be addressed . Great work guys .
Bloody Awesome experience. Almost 600 transactions were taken care of instantly. Charged me only 100 bucks, and I love it.
Dunno what I would do if I had to manually review all of my crypto buys sell stakes and gains for tax season
I used @CoinLedger to automatically generate all of my crypto tax reports for the year.
This is a GREAT COMPANY! Their Software and Tech Support is awesome also. This Crypto Tax stuff is a real Pain but Coin Ledger makes it WAY easier, and their Tech Support actually gets back to you promptly and is extremely helpful.
Just started using this. Had some a few issues that I sent a quick chat request to after 1AM in the morning EST, and they responded pretty instantly, including modifying their import process for a given Exchange due to said exchange changing their format and they made a code change in less than 24 hours to fix the issue. Awesome customer service.
Outstanding customer service
Outstanding customer service. Ben R has been extremely helpful, and I must say very responsive/timely with assisting me with downloading a couple of issues. The issues we really mine but Ben R took to the time to get me through them, rather than just referring me to the FAQ or Help menu's. The program makes it easy to identify potential issues with no associated cost. This is a welcomed change from the last (ZL) tax software I tried to use.
Bloody Awesome experience. Almost 600 transactions were taken care of instantly. Charged me only 100 bucks, and I love it.
I have a feeling many frustrated people will leave Cointracker and use Coinledger this year! 👍
Dunno what I would do if I had to manually review all of my crypto buys sell stakes and gains for tax season
I used @CoinLedger to automatically generate all of my crypto tax reports for the year.
If anybody needs a solid crypto tax software let me know and I’ll refer you. I just finished mine via @CoinLedger.
They did everything they promised they would, great support, great software, etc. Will continue to use for years to come
Great tools, exceptional service
These tools make life a lot easier and, if you need help with anything at all, the customer service is brilliant. The team replies within a day and they're focused on actually helping you (not just "dealing with" your help request). That's a sign of a solid company.
Coin ledger is the BEST
Great company to work with.
Yuri was very professional and helped solve several issues I encountered. He was very patient even when I asked for some clarifications.
Thank you for all your help Yuri, you are excellent at your job.
Great Customer Experience
I have used Coinledger the past 2 years. This year I had an issue with a missing cost basis, and Benjamin (Ben R) from their support team, saved me many hours of stress by helping solve my issues efficiently and throughly. He also took time to help answer additional questions I had about past and future tax transactions. I strongly recommend using Coinledger for your tax purposes. Great experience!
Great experience with CoinLedger
Great experience with CoinLedger. I've been in crypto for a couple cycles now, and it's always been a nightmare tracking transactions come tax time. Thankfully I came across CoinLedger - the interface is easy to understand, much of the coin tracking is automated, and there is live customer service/ chat if you have a question. Would give 10 stars if I could; highly recommended.
@CoinLedger thanks for adding it all up for me, very eye opening actually doing my crypto taxes correctly for a change 😂
Looking for an easy way to track your crypto gains and losses? Try CoinLedger — the portfolio tracker trusted by 500,000+ users around the world.
CoinLedger can connect your wallets and exchanges so you can see all of your gains, losses, and income at a glance!
CoinLedger uses industry-best practices to keep your data safe — including end-to-end encryption, virtual private cloud (VPC) with network access control lists (ACLs), and more!
With CoinLedger, you can track your gains, losses, and income from cryptocurrency completely for free! You’ll only pay if you want to download a tax report.
1. Choose the relevant cryptocurrency (ETH, BTC, etc.) This field is optional — you can simply enter the Buy and Sell Price.
4. Any relevant fees you paid to acquire your cryptocurrency should be entered in the field labeled ‘Investment Fee’. Any fees you paid to dispose of your crypto should be inputted in the field labeled ‘Exit Fee’. If you don’t have this information, you can leave these fields blank.
5. Once you’ve finished the steps above, you’ll be able to see your total gain/loss!
1. Enter your starting investment amount (ex. $1,000).
2. Enter the type of cryptocurrency (ex. Bitcoin, Ethereum, etc.)
3. Enter a starting date (ex. 09/23/2010)
Once you’ve inputted the relevant information, the What If Calculator will show your Return on Investment and what the current value of your investment would be if you held your cryptocurrency continuously!
Looking for an easy way to track your gains and losses from your entire crypto portfolio? CoinLedger makes it easier than ever to track your cryptocurrency across all your wallets and exchanges!
Just connect your wallets and exchanges to CoinLedger and the platform will automatically track your gains and losses for all of your crypto-assets!
CoinLedger takes steps to keep your data safe. The platform uses ‘Read Only’ API keys — meaning the platform can’t make any trades or move any assets on your account!
You can use the following formula to calculate your gains and losses in cryptocurrency.
In this case, your proceeds are the fair market value of your cryptocurrency at the time of disposal, minus the cost of any fees related to the disposal.
Meanwhile, your cost basis is the fair market value of your crypto at the time of receipt, plus the cost of any fees related to acquisition.
In the United States, cryptocurrency is subject to income and capital gains tax.
You can calculate your income based on the fair market value of any cryptocurrency you earned at the time of receipt. Examples of crypto income include mining, staking, and referral rewards.
You can calculate your capital gains based on the profit you made from disposing of cryptocurrency. Examples of crypto disposals include selling and trading away cryptocurrency.
Looking for an easy way to calculate your crypto taxes? Check out our free crypto tax calculator.
Before you reinvest your crypto profits, you should consider your unique financial situation. There are a few factors to consider.
While reinvesting your profits from cryptocurrency can potentially lead to a larger return in the future, some investors choose to hold their gains in cash or invest in less volatile assets — such as stocks and real estate.
It’s also important to remember that selling or disposing of crypto is subject to capital gains tax. You should be sure that you have the cash on hand to pay your tax bill before you reinvest your profits.
Generally, you should never invest more in cryptocurrency than you can afford to lose.
It’s important to remember that the ‘best percentage to take profit in crypto’ may differ for each investor. The exact number may depend on your specific situation and your specific risk preferences.
Many investors choose to measure their own returns against the S&P 500. Historically, the S&P 500 averaged a 11.88% annual return from 1957 to the end of 2021.
In general, the higher return that you aim for, the more risk that you take on. It’s important to remember that the cryptocurrency market is exceptionally volatile and that large price increases are sometimes followed by large price crashes. You should speak with a financial advisor if you’re considering selling your crypto.
Trying to calculate profits for other cryptocurrencies in your portfolio?
Explore more of our crypto profit calculators below.
