CoinTracker Review 2024: Pricing, Plans, & Features

CoinTracker is a popular crypto tax software, which provides intuitive tools to get your crypto accounting right – streamlining a process which could take weeks if it was done manually.

In this review, I’ll cover my first-hand experience with the software, as well as its features, support, and comparisons to some of the other crypto tax platforms out there.

Let’s dig in:

CoinTracker Overview

What Is CoinTracker?

CoinTracker is a crypto accounting app that keeps track of all your transactions, profits and losses, so that you can quickly and easily file your taxes with the IRS. 

As you may already know, accounting in crypto isn’t easy. Every time you spend, sell, or exchange crypto, that’s a taxable event – and you’ll need to keep track of that. Needless to say, if you’re a bit of a crypto degen like me, the number of these transactions adds up pretty damn fast over the course of a year.

Even if you’re trading one crypto for another crypto, the IRS sees the transaction as a sale (which has to be accounted for in US dollars) followed by a new purchase, with a cost basis in US dollars. Sound confusing? It is!

That’s why crypto tax software like CoinTracker exists – to crunch the numbers all at once (and accurately) so that you don’t have to.

How Does CoinTracker Work?

CoinTracker connects directly to your favorite crypto exchanges and your crypto wallets, pulling all of the relevant data to recognize each transaction and taxable event.

It will aggregate all of this transaction history in one place, then mark each transaction as a gain, a loss, or simple income. Once you’re done, it will spit out tax-ready reports, known as an IRS Form 8949 and a 1040 Schedule D.

CoinTracker also connects nicely to TurboTax or H&R Block, letting you work your crypto taxes into the rest of your taxes for the year. If you so choose, there’s even a way to file all your taxes with CoinTracker.

Key Features

• Easy account import from exchanges and wallets: Import your transactions from Coinbase, MetaMask, or hundreds of other sources.
• Export to H&R Block or TurboTax: Export your crypto transactions to these leading tax software apps — or download completed tax forms to file on your own.
• NFT support: Track your NFT purchases and sales for accurate tax reporting.
• Support for top DeFi protocols: Pull transaction data from 20,000+ DeFi protocols like Uniswap and Aave.

CoinTracker Review: A First-Hand Experience

Your average Joe dipping their toes into crypto may have a handful of transactions each month on a centralized exchange, which is great – BUT, a heavy DeFi user like myself really puts the CoinTracker software to the test. So that’s what I did.

Overall, I was impressed with the simple user interface, the clean layout and the support for a solid range of different exchanges, wallets and blockchains. 

But did CoinTracker keep up with my use of weird and obscure tokens and platforms? 

Here’s how it went.

Adding Exchanges And Wallets

CoinTracker starts with Zen-like nothingness, but that’s easy to fix. Begin by adding your wallets and the exchanges you use.

This was a tad confusing for a hot second, since wallets and exchanges are added via the same button named “Wallets” – I was looking around for an “exchanges” button at first, which didn’t exist.

It’s a breeze importing your transaction history from the top exchanges like Coinbase and Binance, via a simple API connection. It was unfortunate, however, when I tried to link to MEXC – a top 12 exchange at the time of writing – and it didn’t support its API key. 

Instead, it required me to import the data as a .csv file, which seemed like a good workaround until I realized I also had to completely reorganize and reformat the spreadsheet file that MEXC provided. Still a massive timesaver over completely manual work, but disappointing given that MEXC provides an API key for this sort of purpose. 

On the other hand, every other major exchange did enable an API connection, so maybe I just got unlucky on that one.

In contrast, adding my Ethereum addresses was super simple. If you use multiple networks like Polygon and Arbitrum, CoinTracker will suggest pulling transactions from these networks too, all at the same time — a handy one-click feature.

You can also choose to add wallet addresses directly through a connection to your web3 wallet, such as MetaMask or Coinbase Wallet, if desired.

What’s really going on behind the scenes is that CoinTracker is checking the transactions on the blockchain for your wallet address (regardless of which wallet you use).

During this step, be sure to add EVERY exchange and wallet you’ve used. You can add wallets, exchanges, and blockchains later if you forget one or two.

The good: Adding major exchanges and on-chain data is nice and easy – and CoinTracker takes care of putting it all together. 

The bad: If the API key for your favorite exchange isn’t supported, you’re going to have a bad time fiddling with spreadsheets.Note: If you choose to connect to an exchange via an API key, you’ll most likely need to log into that exchange separately and set that key up. This lets CoinTracker access your transactions in a secure way. Don’t worry. It sounds more complicated than it is. CoinTracker points you to the right page for each exchange API, where you’ll find instructions.

Wallet, Exchange, And Protocol Support

In total, CoinTracker supports more than 500 wallets and exchanges (but note that some of these are simply via .csv files rather than direct connections).

20,000+ DeFi protocols are also supported. Here’s a sampling:

CoinTracker Pricing

CoinTracker gives potential customers a free plan with no limits on the number of transactions, but with a catch: It won’t allow you to download your tax forms. In this sense, it’s really more of a platform demo than anything else.

Real pricing and availability begins with its “Base” plan, which starts at $29 a year (or $99 for Base+). The Base plan allows users to track up to 100 transactions, or 250 transactions for Base+. You’ll also be limited to tracking staking rewards of up to only $25, which may make this plan impractical for many people. Base customers get TurboTax & HR Block integrations, as well as Portfolio tracking.

The next step up is the “Prime/Prime+” tier, which costs $199 or $299 per year. This tier accommodates 10 times more transaction volume than Base and Base+, tracking up to 1,000 and 2,500 transactions, respectively. The Prime tier also comes with unlimited staking values, as well as priority customer support. Prime customers also get access to performance tracking and tax loss harvesting features, which Base customers don’t get.

Finally, we have the $599 Ultra and $1999 Ultra+ tiers, for high-volume users. Ultra accommodates up to 10,000 transactions, while Ultra+ will allow for up to 250,000 transactions. Customer support for these users is available 24 hours a day, with all the features of the other tiers plus breaking down tax lots, the ability to change cost-basis method by year, and early access to new features.

How does CoinTracker’s cost stack up against the competition? At the lower tiers, it’s close — but then we get some big variations at the higher-end. Here’s how CoinTracker’s pricing compares to other popular options:

Error Reconciliation

Despite previous versions of CoinTracker having some issues with identifying spam or scam tokens impersonating legit ones (and thus messing with account balances) – I’m happy to say that this issue no longer exists on the platform. 

In the address I tested, these tokens are now shown for their true value (most often zero) and neatly tucked away at the end of the wallet assets list. They’re still viewable and editable, so if you think anything’s been wrongly flagged or mispriced it’s an easy fix. Super handy for blockchains that are increasingly full of “dusting” transactions or strange spam.

CoinTracker Review For DeFi

The ability for crypto tax software to track simple Bitcoin transactions should be a piece of cake; the same should go for transactions on well-known DeFi applications like Aave. But, I was curious to see how well CoinTracker handled transactions on lesser-known DeFi protocols, such as more obscure Layer-2 DeFi applications.

When put to the test, CoinTracker did a pretty great job when tested against transactions across a range of Layer-2s, picking up virtually all of my obscure tokens and dApps positions. I only came across one gap in three pages of transactions, which was easy to fix using the edit options.

It also handled my Solana wallets and transactions very nicely — so its ability isn’t limited only to DeFi on Ethereum and its Layer-2s. 

On the other hand, some of the newer and lesser-used Layer 2s didn’t show up at all, but that’s somewhat expected.

CoinTracker Support

With the exception of the top tier, you won’t have access to 24-hour support on CoinTracker. The good news is that the support available was better than expected.

There’s a searchable knowledge center and a friendly AI bot called Chatoshi.

Chatoshi was fast and provided competent answers to general questions, also providing links to related FAQ articles. With a pretty large user base, Google returns a decent selection of users’ questions and answers, even if they’re not directly from the CoinTracker website itself.

Although there’s also a search box for help articles within the CoinTracker support section, I noticed this one wasn’t quite as nicely organized as others – you could be digging for answers there for a while.

A handful of recent reviews on CoinTracker’s across the Google Play Store, Apple’s App Store and on TrustPilot complained about a lack of customer support. However, this may or may not just be related to the specific tier of plan that those customers purchased.

Reports And Export Integrations

CoinTracker supports several ways to help you file your crypto taxes – provided that you’re a paying customer.

• Form 8949: This is the form to report sales and dispositions of capital assets, crypto in this case. CoinTracker gives you a completed form separating long-term gains and losses from short-term gains and losses.
• Schedule D: IRS form 1040 Schedule D summarizes your capital gains and losses. CoinTracker completes this form for you as well, so you can download it to file with the rest of your tax forms.
• CSV export: Some tax applications, like OLT (the free one offered by the IRS), require an upload in CSV format for crypto transactions. CoinTracker provides a spreadsheet so you can upload it in the required format.
• H&R Block and TurboTax: Export your crypto tax data in the format required by all of these providers.
• Tax-loss harvesting: If you have a Prime subscription or higher, CoinTracker tax loss harvesting can help you identify potential crypto tax-loss harvesting strategies. This lets losses from trades offset certain gains, resulting in lower overall capital gains taxes. Pricing for CoinTracker’s Prime tier starts at $199 per year.

Portfolio Tracking

The Portfolio Tracking feature gives you a detailed view of your crypto assets. All paying customers ($59+) are eligible for this feature on CoinTracker.

Who Is CoinTracker For?

This CoinTracker app review shows that it has strengths that make it a better fit for certain situations. These include:

• People who trade on exchanges: If you do your crypto trading on centralized exchanges like Coinbase, you’ll probably have smooth sailing with CoinTracker. The app connects to well-known exchanges to pull transaction data for trades and staking income.
• People who use well-known DeFi apps: If you get too far off the beaten path, you might end up with some more obscure platforms and tokens that few apps can handle well. But if you stick to the main Layer-2s, the software does just fine – even with weird meme tokens on major blockchains, CoinTracker should provide accurate reporting.
• People with fewer crypto transactions: CoinTracker’s pricing tiers are competitive for lower amounts of transactions (up to 100).

CoinTracker Alternatives

Our CoinTracker review compares several top crypto tax software options. Here’s how CoinTracker compares to other popular choices.

CoinTracker Vs. Koinly

In our testing, Koinly was a bit better at correctly identifying obscure coins and tokens, cutting down on the manual fixes needed for accurate transaction data. This is subjective, of course, and your results may differ. Pricing for the two crypto tax products is similar at the lower end, with CoinTracker offering a plan for $29 with 100 transactions and Koinly coming in at $49 for 100 transactions.

CoinTracker Vs. CoinLedger

CoinLedger brings support for additional tax apps, including TaxSlayer. Pricing for annual plans is similar for both apps. CoinLedger provides tax-loss harvesting support for all paid plans. By contrast, this feature is only available with the Prime Tier or above on CoinTracker — a $199/monthly plan.

CoinTracker Vs. TokenTax

TokenTax brings higher transaction limits but offers fewer integrations, both for importing crypto data and exporting tax data too. Currently, TokenTax only supports TurboTax Online. However, the TokenTax premium plan ($199) includes 5,000 transactions as well as an IRS audit trail transaction report.

CoinTracker Vs. TaxBit

TaxBit offers a novel pricing strategy: they made it free for consumers. However, TaxBit isn’t a perfect fit for everyone. Support for wallets and exchanges is limited compared to other providers, but large exchanges like Coinbase, Kraken, and Binance.US are all supported. If you use a self-custody wallet, you may need to upload a CSV file — or choose tax software built for the task.

Final Thoughts On CoinTracker

In a crowded sector of crypto tax software, CoinTracker stands out with an intuitive user interface, and great support across a range of exchanges, wallets and blockchains – but keep in mind that there might be some spreadsheet work for some smaller centralized exchanges.

There’s also good support for common tokens, well-known DeFi apps, and NFTs. CoinTracker impressively manages to keep up with accounting for some quite obscure apps and tokens, but if you’re a full DeFi degen you’ll still be left hanging for support on some newer platforms. It’s a big crypto world out there, and we need to give these apps time to add support for newer tokens and protocols.

Crypto taxes aren’t a DIY project. You’ll want the right tools to automate the process — and if you do most of your crypto transactions on exchanges, CoinTracker deserves a closer look.For a detailed analysis of how CoinTracker stacks up against the competition and how other products performed, check out our crypto tax software comparison, where we put 7 of them to the test.

Frequently Asked Questions

Shannon Ullman

Managing Editor

Managing editor working to make crypto easier to understand. Pairing editorial integrity with crypto curiosity for content that makes readers feel like they finally “get it.”

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