Best Crypto Tax Software 2025

Properly filing crypto taxes can be a daunting task. Thankfully, various platforms have emerged to ease the pain of tax season and make filing your crypto taxes as easy as filing regular taxes.

While almost all crypto tax software platforms automatically import your various transactions, they differ on how effectively they categorize the transactions, how well they can optimize your tax burden, and, of course, how much you have to pay to use them.

It is important to be aware of tax rules yourself, as these crypto tax tools may not be perfect. And on top of this, you may run into a list of questions before even getting started with a tax software.

Why you can trust Milk Road: Our mission is to bring you the most up-to-date crypto news and product information. We use a fact-driven approach to compare different products, highlighting the strengths and the tradeoffs of each, with the ultimate goal of helping you make intelligent decisions based on your individual needs. 

Best Crypto Tax Software 2025

Awaken.Tax

Visit Awaken.Tax

Awaken Tax was one of the best performers during our tax exercise. The software automatically classified the vast majority of our transactions. In instances where manual classifications were required, they were easy to make with Awaken’s intuitive interface.

Review

4.8

Price

$69-$699

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

YES

Overview

Awaken Tax was one of the best performers during our tax exercise of 2025. The software automatically classified the vast majority of our transactions. In instances where manual classifications were required, they were easy to make with Awaken’s intuitive interface. You can join with Milk Road on Awaken to make crypto taxes easy and get $25.00 off your first purchase.

Why We Picked It

Awaken offers native support for a wide range of soughtafter DeFi protocols, including Hyperliquid, Uniswap, dYdX, and over 100 others. This extensive protocol support makes the platform a prime choice for web3 enthusiasts and DeFi users. Beyond DeFi, a standout feature of Awaken is its support for popular NFT platforms such as OpenSea, Blur, and LooksRare. The platform also offers a powerful AI engine that adapts and learns as you label your transactions.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
Awaken	$0 for basic crypto tax reports $69 tier for 500 transactions $199 tier for 1,500 transactions $299 tier for 3,000 transactions $399 tier for 5,000 transactions $699 tier for unlimited transactions	Swaps, NFTs, wallet transfers, staking, loans, DeFi protocols	Awaken integrates with 100+ crypto platforms, including chains (like Ethereum, Solana, Base etc.) and centralized exchanges (like Coinbase, Binance, Robinhood etc.).	Awaken offers a free version that lets you generate basic crypto tax reports.	Web3- focused including DeFi (decentralized finance) and NFTs

Pros & Cons

Pros:

• • Support for lots of DeFi actions that other platforms may not offer
  • Integrations with 100+ DeFi platforms
  • Free version that lets you generate basic tax reports

Cons:

• • A relatively barebones interface compared to established competitors

Comparing Crypto Tax Software

Awaken.Tax

Visit Awaken.Tax

Awaken Tax was one of the best performers during our tax exercise. The software automatically classified the vast majority of our transactions. In instances where manual classifications were required, they were easy to make with Awaken’s intuitive interface.

Review

4.8

Price

$69-$699

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

YES

Overview

Awaken Tax was one of the best performers during our tax exercise of 2025. The software automatically classified the vast majority of our transactions. In instances where manual classifications were required, they were easy to make with Awaken’s intuitive interface. You can join with Milk Road on Awaken to make crypto taxes easy and get $25.00 off your first purchase.

Why We Picked It

Awaken offers native support for a wide range of soughtafter DeFi protocols, including Hyperliquid, Uniswap, dYdX, and over 100 others. This extensive protocol support makes the platform a prime choice for web3 enthusiasts and DeFi users. Beyond DeFi, a standout feature of Awaken is its support for popular NFT platforms such as OpenSea, Blur, and LooksRare. The platform also offers a powerful AI engine that adapts and learns as you label your transactions.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
Awaken	$0 for basic crypto tax reports $69 tier for 500 transactions $199 tier for 1,500 transactions $299 tier for 3,000 transactions $399 tier for 5,000 transactions $699 tier for unlimited transactions	Swaps, NFTs, wallet transfers, staking, loans, DeFi protocols	Awaken integrates with 100+ crypto platforms, including chains (like Ethereum, Solana, Base etc.) and centralized exchanges (like Coinbase, Binance, Robinhood etc.).	Awaken offers a free version that lets you generate basic crypto tax reports.	Web3- focused including DeFi (decentralized finance) and NFTs

Pros & Cons

Pros:

• • Support for lots of DeFi actions that other platforms may not offer
  • Integrations with 100+ DeFi platforms
  • Free version that lets you generate basic tax reports

Cons:

• • A relatively barebones interface compared to established competitors

TurboTax

Visit TurboTax

Review

4.3

Price

$99 –$159/year

Staking Support?

NO

DeFi & NFT Support?

NO

Tax Loss Harvesting?

YES

Why We Picked It

TurboTax is one of the world’s largest and most popular tax software platforms. Unlike others in our roundup, it’s designed for everyone—not just crypto users.

Thanks to its reputation and global reach, TurboTax is one of the most trusted tax platforms, with over 100 million users worldwide.

Unlike traditional tax software that’s primarily used at filing time, the Investor Center is free and accessible anytime, updating within 24 hours of new transactions.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
TurboTax	$99 tier to file your own taxes $159 tier to receive assisted help	Tracks buy, sell, swap and rewards	Integrated with 400+ crypto exchanges and 100+ wallets	The free version offers little to no features	Lets you import tax reports from other crypto-native tax platforms

Pros & Cons

Pros:

• One of the most trusted tax platform
• Lets you import tax reports from other platforms
• Year-round insights
• Integrates seamlessly with TurboTax Online

Cons:

• Struggles with DeFi, staking, margin trading, futures, or NFT transactions
• TurboTax Online, which the Investor Center feeds into, caps CSV imports at 4,000 transactions

CoinTracker

Visit CoinTracker

Review

4.5

CoinTracker Review

Price

$0 –$599/year

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

YES

Why We Picked It

CoinTracker is trusted by over 1 million users, accommodates over 10,000 cryptocurrencies, and offers integrations with over 500 wallets and exchanges. A key feature of CoinTracker is its automated tax loss harvesting strategies which help minimize your tax liability.

The platform provides full support for users in the US, UK, Canada, and Australia, while also offering partial support for other regions, showcasing its global applicability. For those on the go, CoinTracker enhances user convenience with its fully featured mobile app, available for both Android and iOS.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
CoinTracker	$0 for tax summary $59 tier for 100 transactions $199 tier for 1,000 transactions $599 tier for 10,000 transactions	Swaps, staking, margin trading, DeFi functionality	More than 500 exchanges, wallets, and blockchains + Turbotax	Free version only gives you a tax summary	Any paid tier gives you integrations with TurboTax and HR Block

Pros & Cons

Pros:

• Trusted by over 1 million users
• Supports 500+ wallets and exchanges
• Offers automated tax loss harvesting

Cons:

• Reporting for any more than 1,000 transactions puts you into the highest pricing tier of $599

Crypto Tax Calculator

Visit Crypto Tax Calculator

Review

4.5

Price

$49–$499

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

YES

Why We Picked It

Crypto Tax Calculator offers fully automated, audit-proof tax reports, but it really stands out with its unique “Least Tax, First Out” algorithm, designed to minimize your taxes by identifying the most optimal cost basis for your assets. Tax professionals and CPAs aren’t left out, as there’s a dedicated accountant portal that caters to their needs, making it easier to manage client portfolios.

Impressively, Crypto Tax Calculator supports over 300,000 cryptocurrencies, ensuring it covers almost every conceivable crypto transaction you might have. Finally, the software includes a guided reconciliation process for transactions which ensures that generated tax reports are as accurate as possible.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
Crypto Tax Calculator	$49 tier for 100 transactions $99 tier for 1,000 transactions $249 tier for 10,000 transactions $499 tier for 100,000 transactions	Swaps, NFTs, wallet transfers, staking, loans, DeFi, Airdrops	Almost 3,000 crypto apps including exchanges, wallets, and DeFi protocols	Free version does not provide tax reports, but allows you to track your portfolio, and generate sample reports	You can generate unlimited tax reports with Crypto Tax Calculator

Pros & Cons

Pros:

• Backed by Coinbase Ventures
• For medium power users, the $249 “Investor” tier offers reports for up to 10,000 transactions

Cons:

• Free plan does not allow you to export reports or integrate with tax-filing software

CoinLedger

Visit CoinLedger

Review

4.4

CoinLedger Review

Price

$0–$199/year

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

YES

Why We Picked It

CoinLedger streamlines the tax reporting process thanks to its partnership with TurboTax, the largest tax preparation platform. Uniquely versatile, CoinLedger allows users to generate tax reports for any country and in any currency, catering to a global audience. The software also offers a free crypto dashboard, providing an efficient and user-friendly alternative to traditional “Excel spreadsheets” for tracking your cryptocurrencies.

A standout feature for CoinLedger is its ability to generate an audit trail as part of your tax report. This detailed documentation covers every taxable event you’ve incurred, boosting transparency and accuracy in your tax filings. Additionally, CoinLedger boasts integrations with hundreds of wallets, exchanges, and DeFi protocols, ensuring that virtually all your crypto transactions can be seamlessly imported and accurately reported.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
CoinLedger	$0 tier only for transaction tracking $49 tier for 100 transactions $99 tier for 1,000 transactions $199 tier for up to 3,000 transactions (additional transactions available for purchase within app)	Swaps, mining, staking, NFTs, airdrops, DeFi liquidity providing	Hundreds of wallets, exchanges, and DeFi protocols + TurboTax, TaxACT, H&R Block, Tax Slayer, and others	Free version does not provide tax reports, but allows you to track your portfolio	Relatively low price and unique features such as an audit trail and an official partnership with TurboTax

Pros & Cons

Pros:

• • One of the most popular crypto tax software solutions

• • Official TurboTax partner

Cons:

• • The Pro version only supports up to 3,000 transactions, after which you have to purchase additional transactions within the platform

Koinly

Visit Koinly

Review

4.1

Price

$49-$1990/year

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

NO

Why We Picked It

Koinly supports 170 blockchains, 400 exchanges, 100 wallets, and over 30 services. This vast array of supported assets and platforms makes Koinly one of the most comprehensive tax platforms on the market. The crypto tax software also has full support for over 20 countries, making it a prime choice for international crypto enthusiasts.

One of Koinly’s standout features is its smart-matching AI system which detects transactions within your own wallets and intelligently excludes them from tax reports, thereby avoiding double-dipping. The platform also simplifies error reconciliation, helping users to easily identify and rectify any discrepancies in their transaction data. This is particularly beneficial for those who might be new to crypto or have complex portfolios, making Koinly a great choice for both novice and experienced crypto users.

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
Koinly	$0 tier only for transaction tracking $490 tier for 100 transactions $990 tier for 1,000 transactions $1990 tier for 3,000 transactions (additional tiered pricing available up to 10,000 transactions)	Swaps, mining, margin trading, staking, airdrops, DeFi lending	Over 750 exchanges and wallets  + TurboTax and TaxAct	Free version does not provide tax reports, but allows you to track your portfolio	Provides an income overview to see all earnings from DeFi, staking and / or mining

Pros & Cons

Pros:

• • Integrations for hundreds of blockchains and exchanges

• • Support for over 20 countries

• • Handles advanced transactions such as staking and DeFi lending

Cons:

• • Some customers have reported mislabeled transactions
  • The Pro version only supports up to 3,000 transactions, after which you have to purchase additional transactions within the platform

Blockpit

Visit Blockpit

Review

4.1

Price

£0-£249/year

Staking Support?

YES

DeFi & NFT Support?

YES

Tax Loss Harvesting?

YES

Why We Picked It

With support for over 250,000 cryptocurrencies, Blockpit is the go-to crypto tax software in Europe. While it’s available in the US, its core focus remains on serving European countries.

With 1 million+ tax reports generated and a customer base of 350,000, Blockpit is trusted for providing country-specific tax reports tailored to local regulations. It also boasts numerous integrations with exchanges, wallets, blockchains, and dApps, making tax reporting seamless and efficient.

 

Features

	Price	Transactions Tracked	Integrations	Free Trial?	Standout Features
Blockpit	£0 tier only for portfolio tracking £49 tier for 50 transactions £99 tier for 1,000 transactions £249 tier for 25,000 transactions £599 (special) tier for unlimited transactions (up to 500,000)	Swaps, derivatives, NFT, DeFi	250,000 supported assets across exchanges, blockchains, wallets and dApps	Free version does not provide tax reports, but allows you to track your portfolio	Provides country-specific tax reports in line with the local regulations

Pros & Cons

Pros:

• • Go-to tax software in Europe
  • Supports 250,000+ crypto assets
  • Mobile app for iOS and Android

Cons:

• • Country-specific tax frameworks can’t be changed after setup

How To Choose A Crypto Tax Software

Here are some considerations you should keep in mind when searching for the best crypto tax software:

Integrations with your existing tax software

When selecting a crypto tax software, one of the crucial factors to consider is its integration capabilities. Automatic integrations not only simplify the process of compiling your transaction history, but they also ensure accuracy in reporting.

The ideal crypto tax tool should seamlessly connect with various cryptocurrency exchanges, wallets, and even DeFi protocols, allowing for automatic import of your transaction data. In addition to integrating your wallets, you want to ensure that crypto tax reports can be easily extracted and integrated into popular tax accounting tools like TurboTax, H&R Block, TaxAct, and others.

Pricing Model

The cost of crypto tax software can vary significantly, making pricing a critical factor. It’s important to find a balance between affordability and software that is best for your personal situation.

Some crypto tax solutions provide basic functionalities and only integrate with a few exchanges and wallets at a lower cost, which might be suitable for individuals with only a few transactions. Most platforms, however, offer tiered pricing models based on how many transactions, types of transactions, or level of tax guidance needed, catering to both casual traders and those with more complex portfolios. For example, if you’re earning daily crypto rewards the number of transactions you need to account for can balloon quite quickly.

When it comes to pricing, the ultimate deciding factor will usually be how many transactions you made, and how many wallets you utilized. If you’re a heavy trader, you should get ready to dish out several hundred bucks for a full crypto tax report for any given tax year.

Types of Transactions Tracked

Finally, when picking a crypto tax software, it’s important to make sure it can keep track of all the various crypto transactions you might have made.

The ideal software should be able to handle not only basic buying and selling, but also more complex transactions such as futures and perpetuals trading, staking, mining, DeFi loans, and more (especially as many of these are taxed differently).

In simple terms, your tax software should understand and correctly categorize every kind of crypto transaction you make, whether it’s through a regular exchange or a DeFi platform, to make sure you’re in accordance with all tax requirements.

Methodology

To compile this list, we examined dozens of crypto tax software options and picked the five that most impressed us in terms of features, ease of use, and price. We then did a deep dive into each option, examining its pricing, the types of transactions it can track, and the integrations it offers. We also considered each option’s free version, and wrapped up by selecting some standout features for each. 

This list reflects a diverse set of options for crypto traders of all kinds, so whether you’re an active DeFi user, a tax professional, or even a CPA, you can find something in one of these options.

Getting Started With Crypto Taxes

The following information is relevant to U.S. taxpayers. Tax code in other jurisdictions can vary so always check on your local tax laws if you are located outside of the United States.

Relevant Terminology

While you are going through your transactions or getting started with a tax software, here is some terminology you may come across:

• Cost basis: The sum of the price that you paid for an asset and the fees that you paid to acquire it. If you purchase the same token in multiple instances, your cost basis will be the average of these. This serves as your entry price for taxation purposes.
• Capital gains: The difference between your cost basis and the proceeds you receive for selling an asset. If you hold an asset for over a tax year, your capital gains report will be long-term and you will receive a more favorable tax rate.
• Miscellaneous income: Crypto income that you receive aside from selling assets for a gain. This can come in the form of staking income, token airdrops, or interest from DeFi activities.
• Deductions: The costs associated with transacting or interacting with crypto, which can be used to offset income or crypto gains.
• Tax-loss harvesting: When you purposely sell a token for a loss, in order to lower your taxable crypto income from other profitable investments.

What Crypto Transactions are Taxable Events

While crypto tax tools do a solid job of categorizing your transactions, knowing how crypto transactions are taxed can help you prepare for tax season. Here is how some of the main types of crypto transactions are taxed, acknowledging the rules are different across juridictions:

• Selling a token: When selling/swapping any token, you owe capital gains tax on the amount of proceeds you receive that are higher than your cost basis. If you sell for a loss, this amount will offset your other crypto gains for the tax year.
• Receiving interest in DeFi: Interest is taxed as ordinary income, just as wages or your salary is.
• Receiving a token airdrop: Airdrops are taxed as ordinary income based on the token price at the time you claim them. This amount becomes your cost basis, and then you may owe capital gains tax when you sell it.
• Claiming staking rewards: Staking rewards are taxed as ordinary income, just as wages or your salary is.
• Trading perpetual futures: These trades are taxed using the 60/40 rule: 60% is taxed as a long-term capital gain, and 40% is taxed as a short-term capital gain.
• Trading NFTs: NFTs are taxed in the same way as other tokens. If you own NFTs that have become worthless, you can use a service to capture a tax loss.

Most underreporting relates to crypto-to-crypto swaps, paying for goods and services with crypto, receiving staking rewards, and receiving tokens via airdrops, mining, or via payment/tips for services.

Which Crypto Transactions Are Not Taxable Events

In addition to the above, there are also types of transactions that do not create a taxable event for crypto users. For example, if you simply transfer crypto from an exchange to your wallet, no taxes are owed on this.

It is also important to note that you only owe taxes when you sell your crypto, or swap one digital asset into another. And if you ultimately sell your crypto for a loss, this will benefit your tax situation.

Lastly, gifting tokens or donating them to charity are not taxable events. You can actually use donations to offset your taxes up to a certain limit based on your jurisdiction.

When Would a Crypto Accountant Make Sense?

For most crypto users, uploading reports from a professional tax software is a sufficient way to file their taxes. However, in certain cases hiring an tax professional who specializes in digital assets could be beneficial.

If you work as a freelancer in the space or have a wide range of different income sources, an accountant may be for you. Additionally, if you operate a business within the crypto space or use/receive crypto for payments, it may be a safe bet to work with an accountant.

When it comes to choosing the right accountant, ensure that you pick one that has a solid understanding of the digital asset industry. It can also be a good idea to seek a referral from a trusted friend, or find an accountant who is in your area and reachable.

Free Crypto Tax Software

If you’re on a budget or want to try tax software on for size with no commitment, you’ve got options. Many of the above software options have a free tier. Sure, the free stuff might have some limitations, like preview-only views and caps on transactions, but they can still help you prep your crypto taxes enough so you understand your crypto tax situation, compare software vendors, or decide if need to upgrade to a paid plan.

To Sum It Up

Picking the best crypto tax software is highly dependent on your individual situation.

For web3 and DeFi natives, options like Awaken provide extensive DeFi integrations in an easy-to-use manner. Everyday investors need not go past TurboTax Investor Center. Whereas power users and CPAs, on the other hand, can look to CoinTracker, Koinly, CoinLedger or Crypto Tax Calculator as platforms that support thousands of tokens and complex transactions, while boasting a wide range of integrations with traditional tax software.

Frequently Asked Questions

Sources

Archie Keshan

Milk Road Writer

Archie has been active in the crypto space for over 3 years, dedicating his extensive research and writing skills to simplify the crypto world. Whether it’s technical writing, news articles, or blog posts, his focus is always on simplifying the complexities of blockchain for everyone.

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Tyler Galbraith

Milk Road Editor

Tyler got orange pilled in 2019 and quickly fell down the crypto rabbit hole after that. As the GM and Lead Editor at Milk Road, he’s focused on making sure all of our content is entertaining, easy to understand and packed with value.

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