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2025-10-17

How Investing vs Trading impacts tax

In most cases of buying and selling cryptocurrency as a retail investor, you are participating in investing rather than trading. The two are treated differently for tax purposes.

  • Investing is subject to capital gains tax or income tax, depending on the nature of the transaction.
  • Trading in this case refers to self-employment which is subject to income tax and National Insurance Contributions.

The key difference between investing and trading – along with the different tax treatments, is how losses generated in the crypto-activity can be used.

In their guidance, HMRC have explicitly stated that they would expect it to be exceedingly rare that any crypto-activity constituting buying & selling crypto would be classified as “trading”.

If you are uncertain, speak to a tax advisor as there are always exceptions, including but not limited to, developing tokens and large scale mining.

How is crypto tax calculated in the United States?

You can be liable for both capital gains and income tax depending on the type of cryptocurrency transaction, and your individual circumstances. For example, you might need to pay capital gains on profits from buying and selling cryptocurrency, or pay income tax on interest earned when holding crypto.

CoinLedger

CoinLedger is an accessible crypto tax platform with over 1,000 exchange and wallet integrations.

Best for: Users who want a simple, straightforward experience without complex DeFi needs.

Key differentiator: Offers an unlimited transaction plan for high-volume traders at a fixed price.

Pricing: $49 (100 transactions) to $499+ (10,000+ transactions).

Limitation: Does not generate Schedule D forms - you will need to complete this manually or with other software.

Notable: Strong NFT support with OpenSea integration.

CoinTracker

CoinTracker is a portfolio tracker and tax calculator supporting over 30,000 cryptocurrencies.

Best for: Users who prioritize portfolio tracking alongside tax reporting.

Key differentiator: Direct integrations with TurboTax and H&R Block Desktop.

Pricing: $59 (100 transactions) to $599 (10,000 transactions), with full-service options up to $3,499.

Limitation: Customer support is limited on lower-tier plans - priority support requires the $599 Ultra plan.

Notable: Good security with end-to-end encryption and SOC 2 compliance.

ZenLedger

ZenLedger offers both DIY crypto tax reports and professional full-service accounting.

Best for: Users who want tax loss harvesting included at every pricing tier.

Key differentiator: Tax loss harvesting is available on all plans, not just premium tiers.

Pricing: $49 (100 transactions) to $399 (15,000 transactions).

Limitation: Only offers 400+ exchange integrations - significantly fewer than competitors. Some users report customer support issues with long wait times.

Notable: TurboTax integration and 14-day refund policy.

blog
Oct 17
,
 
2025
 - 
10
min read

Big News: Crypto Tax Calculator has rebranded to Summ

Key takeaways
This tax guide is regularly updated: Last Update  

Why Summ?

Summ comes from summation, which is defined as:

  1. the act or process of forming a sum
  2. sum, total
  3. cumulative action or effect
  4. a final part of an argument reviewing points made and expressing conclusions

It speaks to where we are and where we're going. Knowing the sum of all the parts is how smart decisions are made.

Summ is about adding clarity and subtracting doubt.

What changes?

Not a whole lot. You can now find us here, at summ.com. If you like, you can update your bookmarks. But don't worry, we've handled the redirects.

Your login credentials, your data and your reports all stay the same. So does your peace of mind.

Why rebrand?

When I launched Crypto Tax Calculator in 2018, I had a single mission: making light work of crypto tax for onchain transactions.

Truthfully, I didn't know what to call the business. Solving the pain and stress I had experienced first-hand, and had seen others experience, felt much more important than a catchy brand name. At the time, nobody was using Crypto Tax Calculator, so I went with that.

Fast forward to today, and the space looks a lot different; more people are starting to understand that they need to pay tax on their crypto.

As the space has developed, people have started to struggle to differentiate us from the other options in the market. We've even had copycats appear, which is a security concern.

In short, there are now a handful of crypto tax calculators on the market, but only one was the Crypto Tax Calculator.

As crypto has matured, so have we. We now have staff across four continents and offer our solution in over 180 countries. We're backed by global giants like Coinbase and Metamask, and beloved by individual investors and their accountants. We continue to double down on onchain support and regulatory rigour. I may be biased, but our users aren't. We're the best solution out there.

So, we needed to make it easy for people to find us. We needed to shift to a more identifiable brand.

To Summ it up, crypto has changed, and so must we. That's why we've become Summ.

Thanks for being with us on this ride. From day one until now, you have helped shape what we have built, and we could not be more excited for what comes next.

Shane Brunette

Co-Founder & CEO

The information provided on this website is general in nature and is not tax, accounting or legal advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this information, you should consider the appropriateness of the information having regard to your own objectives, financial situation and needs and seek professional advice. Summ (formerly Crypto Tax Calculator) disclaims all and any guarantees, undertakings and warranties, expressed or implied, and is not liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or Consequential Loss or damage) arising out of, or in connection with, any use or reliance on the information or advice in this website. The user must accept sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information in this website is no substitute for specialist advice.

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Comience gratis

Importe sus transacciones y genere una vista previa del informe gratuita.

Blog

16 October 2025

X

 Min read

Big News: Crypto Tax Calculator has rebranded to Summ

Shane Brunette

This tax guide is regularly updated: Last Update 

....

October

17

2025

Why Summ?

Summ comes from summation, which is defined as:

  1. the act or process of forming a sum
  2. sum, total
  3. cumulative action or effect
  4. a final part of an argument reviewing points made and expressing conclusions

It speaks to where we are and where we're going. Knowing the sum of all the parts is how smart decisions are made.

Summ is about adding clarity and subtracting doubt.

What changes?

Not a whole lot. You can now find us here, at summ.com. If you like, you can update your bookmarks. But don't worry, we've handled the redirects.

Your login credentials, your data and your reports all stay the same. So does your peace of mind.

Why rebrand?

When I launched Crypto Tax Calculator in 2018, I had a single mission: making light work of crypto tax for onchain transactions.

Truthfully, I didn't know what to call the business. Solving the pain and stress I had experienced first-hand, and had seen others experience, felt much more important than a catchy brand name. At the time, nobody was using Crypto Tax Calculator, so I went with that.

Fast forward to today, and the space looks a lot different; more people are starting to understand that they need to pay tax on their crypto.

As the space has developed, people have started to struggle to differentiate us from the other options in the market. We've even had copycats appear, which is a security concern.

In short, there are now a handful of crypto tax calculators on the market, but only one was the Crypto Tax Calculator.

As crypto has matured, so have we. We now have staff across four continents and offer our solution in over 180 countries. We're backed by global giants like Coinbase and Metamask, and beloved by individual investors and their accountants. We continue to double down on onchain support and regulatory rigour. I may be biased, but our users aren't. We're the best solution out there.

So, we needed to make it easy for people to find us. We needed to shift to a more identifiable brand.

To Summ it up, crypto has changed, and so must we. That's why we've become Summ.

Thanks for being with us on this ride. From day one until now, you have helped shape what we have built, and we could not be more excited for what comes next.

Shane Brunette

Co-Founder & CEO

Discover savings opportunities and lower your tax with Summ

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Track all your swaps, trades and DeFi activity with Summ for easy tax reporting

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Automate your record keeping with Summ

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Get started for free

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Preguntas frecuentes

¿Cómo se calcula el impuesto a las criptomonedas?

Puede ser responsable tanto de las ganancias de capital como del impuesto sobre la renta según el tipo de transacción de criptomonedas y sus circunstancias individuales. Por ejemplo, es posible que deba pagar ganancias de capital sobre las ganancias obtenidas por la compra y venta de criptomonedas, o pagar impuestos sobre la renta sobre los intereses obtenidos al mantener criptomonedas.

¿Cómo puede ayudar Summ con los impuestos sobre criptomonedas?

Solo necesita importar su historial de transacciones y lo ayudaremos a categorizar sus transacciones y calcular las ganancias y los ingresos obtenidos. Luego puede generar los informes apropiados para enviarlos a su contador y mantener registros detallados a mano para fines de auditoría.

¿Manejas actividades no cambiarias?

Manejamos todas las actividades que no son de intercambio, como transacciones en cadena como Airdrops, Stake, Minería, ICO y otras actividades de DeFi. No importa qué actividad haya realizado en criptografía, lo cubrimos con nuestra función de categorización fácil de usar, similar a Expensify.

¿Qué pasa si mi intercambio no está en la lista de intercambios admitidos?

Cubrimos cientos de intercambios, billeteras y cadenas de bloques, pero si no ve su intercambio en la lista admitida, estaremos encantados de trabajar con usted para que lo admita. Simplemente comuníquese con [email protected] o mediante la función de soporte por chat en la aplicación y lo solucionaremos.

¿Cómo funciona la prueba gratuita?

La plataforma es de uso gratuito inmediatamente después de registrarse, lo que le permite importar sus transacciones y aprovechar nuestro motor inteligente de sugerencias y categorización automática, seguimiento de cartera y soporte DeFi y NFT. Para acceder a los informes, la herramienta de recolección de pérdidas fiscales o el chat y soporte prioritario, deberá actualizar al plan pago correspondiente.

Automatiza tu contabilidad criptográfica

01

Sincronizar y centralizar transacciones

Importe desde más de 1000 fuentes. Centralice su actividad criptográfica y ahorre el valioso tiempo que normalmente se dedica al seguimiento de transacciones en varias plataformas.
02

Etiquetado, reglas y conciliación automatizados

We conduct regular and thorough Security & Awareness training for all employees.
03

Full data privacy

Our application only ever requires 'read-only' access to your data.