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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.

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'll need to complete this manually or with other software.
  • Notable: Strong NFT support with OpenSea integration.

TokenTax

TokenTax offers both full-service accounting and crypto tax software.

  • Best for: Users who want hands-off, professional tax preparation.
  • Key differentiator: Full-service CPA option where professionals handle everything for you.
  • Pricing: $65 (100 transactions) to $4,499+ (VIP/full-service)
  • Limitation: Very expensive compared to alternatives. There’s no free version and no refund policy.
  • Notable: Comprehensive DeFi and NFT support with professional-grade tools.
2026-03-16

Pricing

  • Hobbyist: $49 (100 transactions) 
  • Investor: $99 (1,000 transactions) 
  • Pro: $199+ (3,000+ transactions)

Is there a free version?

Yes, CoinLedger offers a free version with portfolio tracking and unlimited transactions. To gain access to any reports, you’ll need to upgrade to a paid plan.

Pros and cons

Pros

  • Unlimited transaction plan available for high-volume investors. 
  • Known for its NFT support, including an integration for OpenSea. 
  • International tax reporting, with over 40 countries supported.

Cons

  • Doesn’t accept crypto as payment. 
  • Doesn’t offer specialized tax forms such as Schedule D.

Pricing

DIY Plans

  • Silver: $49 (100 transactions) 
  • Gold: $199 (5,000 transactions) 
  • Platinum: $399 (15,000 transactions)

Professional Consultation Plans

  • Premium Support Consultation: $275 (60 mins)
  • Tax Pro Prepared (single year): $2800
  • Tax Pro Prepared (multi-year): $5200

Is there a free version?

Yes, you can import your crypto transactions for free. However, to view, download, or access reports, you need to upgrade to a paid plan.

Pros and Cons

Pros

  • Integrates with tax platform TurboTax.
  • Offers professional tax consultations and services.
  • Offers a 14-day money-back guarantee/refund for all plans.

Cons

  • Doesn’t accept crypto as payment. 
  • High cost. If you have more than 100 transactions, you’ll need to pay $199.
  • Limited customer support. Some customers have reported issues with long wait times and a lack of helpful responses. 

Pricing

  • Newbie: $49 (100 transactions) 
  • Hodler: $99 (1,000 transactions)
  • Trader: $199 (3,000 transactions)
  • Pro: From $299 (10,000+ transactions)

Is there a free version?

Yes. Koinly provides a limited free version that allows you to track your portfolios. For access to any reports, you’ll need to upgrade to a paid plan.

Pros and Cons

Pros

  • Accepts crypto as payment, in addition to credit/debit card payments.
  • Provides an income overview, so you can see how much crypto you’ve earned from all your activities. 
  • Supports more complex crypto transactions like DeFi, NFT, and margin trading.

Cons

  • Limited security features. Compared to other crypto tax software, Koinly only mentions one layer of security – SSL.
  • Higher cost. Compared to other platforms, especially if you’re a high-volume trader. 
  • Usability. Some customers have reported potential syncing and labelling issues within the platform, while others said it wasn’t easy to navigate.

Pricing

  • Basic: $65 (100 transactions)
  • Premium: $199 (5,000 transactions)
  • Pro: $1,999 (20,000 transactions)
  • VIP: $3,499 (up to 30,000 CEX transactions)

Is there a free version?

No free version available. 

Pros and cons

Pros

  • Customer service. Live chat support is offered for every pricing tier.
  • Tax-loss harvesting. Offered for premium customers paying $199.
  • Multiple payment options. Accepts card or crypto payments. 

Cons

  • TokenTax costs a lot more than other crypto tax platforms. If you have over 100 transactions, you’ll have to pay at least $199. 
  • No refunds or money-back guarantee. 
  • No free version available.

Pricing

  • Rookie: $49 (up to 100 transactions)
  • Hobbyist: $99 (up to 1,000 transactions)
  • Investor: $249 (up to 10,000 transactions)
  • Trader: $499 (up to 100,000 transactions)
  • Advanced Trader: $999 (up to 200,000 transactions)

Summ also offers a 30-day, 100% money-back guarantee. If you’re not satisfied, you can receive a full refund by contacting the support team. 

Is there a free version?

Yes, Summ is free to use instantly when you sign up, allowing you to gain a full picture of your crypto portfolio, with support for up to 100,000 transactions. Take advantage of the smart suggestion and auto-categorization engine, portfolio tracking, unlimited integrations, DeFi and NFT support. 

To access the reports, the tax loss harvesting tool and priority support, you will need to upgrade to the appropriate paid plan.

Pros and Cons

Pros

  • Tax platform partnerships. Users can file reports directly with TurboTax and TaxAct.
  • Low price. Its starter ‘Rookie’ plan is one of the cheapest ones out there.
  • Tax loss harvesting tool. By identifying assets to sell at a loss, you can reduce your overall tax bill available on the or Investor and Trader plans.
  • Dedicated customer support. 24/7 support, including email and live chat support with a real person available for all customers.
  • Portfolio tracking mobile app. Connect your Summ account with the iOS mobile app and get a detailed view of your portfolio with accurate PnL & tax calculations.
  • Support for 200,000+ transactions. Perfect for high-volume traders.
  • Unlimited report downloads each year. Under the one plan subscription price you can download unlimited reports each year, perfect for users who make adjustments or are filing for multiple years at once.

Cons

  • Doesn’t currently accept crypto as a form of payment.
  • Mobile app not available on iOS
  • The tax optimization algorithm is only available on Investor and Trader plans

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
Mar 16
,
 
2026
 - 
10
min read

The Best Awaken Alternatives for 2026

Looking for Awaken alternatives? Compare the best crypto tax software including Summ, CoinTracker, and more. Features, IRS compliance & DeFi support.

Key takeaways
This tax guide is regularly updated: Last Update  

Looking for crypto tax alternatives to Awaken?

Chances are you’re in need of more integrations, established partnerships, or enterprise-grade security. Here's where to find it.

Quick Answer: The Best Awaken Alternative is Summ

Looking for the best alternative to Awaken? Here's our quick recommendation:

Summ is the top Awaken alternative for US crypto investors in 2026. It offers:

  • ✓ 3,500+ integrations (vs Awaken’s 500+)
  • ✓ Official tax partner of Coinbase and MetaMask
  • ✓ Comprehensive DeFi & cross-chain support with 2,300+ DeFi protocols
  • ✓ 7-day refund upon approval

Quick Comparison: Awaken vs Summ

Feature Summ Awaken
Total Integrations 3,500+ 500+
Starting Price $49 Free (limited)
Free Portfolio Tracking Over 200,000 transactions Up to 100 transactions
DeFi Support ✓ Complete (2,300+ protocols) ✓ Advanced
NFT Support ✓ Complete ✓ Supported
Tax Loss Harvesting ✓ (Investor & Trader plans)
SOC 2 Certified ✓ Type 2 ✓ Type 2
Multi-Factor Authentication
24/7 Live Support
Refund Policy 7-day refund (upon approval) Not specified
IRS Form 8949
Schedule D
TurboTax Integration
Coinbase/MetaMask Partner

Other Awaken Alternatives to Consider

While we believe Summ offers the best combination of features, integrations, and support, here are other alternatives worth considering:

{{CoinTracker Alternatives}}

{{CoinLedger Alternatives}}

{{TokenTax Alternatives}}

Awaken vs Summ (Formerly Crypto Tax Calculator)

Awaken is a newer entrant in the crypto tax software space, known for its AI-powered categorization and real-time tax calculations. It has gained attention for its automation capabilities that can label approximately 80% of transactions on average, saving users hours of manual work.

Summ (formerly Crypto Tax Calculator) is a more established platform with a comprehensive approach to crypto taxation. As the official tax partner of Coinbase and MetaMask, Summ supports over 3,500 integrations and offers advanced features like 24/7 live support and tax loss harvesting. It's designed to handle everything from simple trades to complex DeFi activities.

Let's break down how these platforms compare across the features that matter most.

Integrations (Supported Exchanges, Wallets and Blockchains)

The verdict: Summ's extensive integration coverage significantly reduces manual data entry and the risk of reporting errors.

Why it matters: Every unsupported integration means manual work or missing data. Summ's integration library of 3,500+ is one of the largest in the industry, which means you're far less likely to encounter an unsupported exchange or protocol. As one Summ customer said, there are “Extensive integrations to import transactions from [al]most every exchange.”  

Integration Type Summ Awaken
Total Integrations 3,500+ 500+
Exchanges 150+ Growing
Wallets 500+ Growing
DeFi Protocols 2,300+ Advanced
Blockchains Comprehensive Standard

While Awaken is building out its integration library, Summ's established network of 3,500+ integrations provides broader coverage for users with diverse crypto portfolios.

DeFi Support

The verdict: Both platforms offer strong DeFi support. Summ provides broader protocol coverage, whereas Awaken was built specifically for web3 and is primarily DeFi focused.

Why it matters: DeFi includes activities like staking your crypto to earn rewards, providing liquidity to trading pools, lending your assets, or using decentralized exchanges. These transactions are notoriously complex to track and categorize correctly for tax purposes.

If you've used platforms like Uniswap, Aave, Compound, or participated in liquidity pools, your tax software needs to handle:

  • Cross-chain swaps (trading across different blockchains like Ethereum to Polygon)
  • Liquidity pool deposits and withdrawals
  • Yield farming rewards (income from DeFi protocols)
  • Staking income (rewards from validating transactions)
  • Lending and borrowing (interest earned and paid)

If you’re an advanced DeFi trader, Awaken may be your best option. It uses AI-powered categorization for DeFi transactions, automating over 20,000 smart contracts, and also offers split transactions for complex multi-step DeFi transactions.

However, if you’re involved with DeFi across a range of platforms, Summ may be the right fit for you.  The platform supports over 2,300 DeFi protocols, providing a broader safety net for users active across multiple platforms.

Tax Reports & IRS Compliance

The verdict: Both platforms generate the necessary IRS forms. 

Why it matters: For US crypto investors, IRS compliance is non-negotiable. You need software that generates accurate, ready-to-file tax forms.

Tax Feature Summ Awaken
Form 8949
Schedule D
TurboTax Integration
TaxAct Integration
FIFO Method
LIFO Method
HIFO Method
Specific ID

What is Form 8949? Form 8949 is the IRS form where you report individual crypto transactions and their gains or losses. Each trade, sale, or taxable event needs to be listed.

What is Schedule D? Schedule D summarizes your total capital gains and losses from all sources, including crypto.

Security

The verdict: Summ offers documented enterprise-grade security with additional protections including zero-trust architecture and 24/7 threat detection.

Why it matters: Crypto tax software accesses your complete financial history across all exchanges and wallets. This is sensitive data that deserves serious protection.

Security Feature Summ Awaken
SOC 2 Type 2 Certified
Multi-Factor Authentication
Zero-Trust Architecture Not specified
24/7 Threat Detection Not specified
SSL Encryption
Read-Only API Access

What is SOC 2 Type 2? It's an independent audit that verifies a company's security practices meet rigorous industry standards. It's the gold standard for SaaS security compliance.

While Awaken is SOC 2 certified, Summ has additional security measures like zero-trust architecture and continuous threat monitoring to make sure your financial data is properly protected.

Pricing

The verdict: Both platforms offer competitive pricing, depending on whether you’re a low or high-volume trader. If you’re a low-volume trader with less than 100 transactions, it’s best to take advantage of Awaken’s free tier to download tax reports and track your portfolio. However, if you have over 100 transactions, Summ offers more features at a lower cost.

Why it matters: While Awaken wins on the free tier, if you’re a medium to high-volume trader Summ comes out on top. With significantly more integrations, additional security measures, and the ability to handle up to 500,000 transactions – 4x Awaken’s limit – Summ is made for both casual traders and seasoned pros.

Transaction Tier Summ Awaken
Up to 100 $49 (Rookie) $0 (Minnow)
Up to 300 $99 (Hobbyist) $99 (Fish)
Up to 1,000 $99 (Hobbyist) $199 (Dolphin)
Up to 5,000 $249 (Investor) $399 (Dolphin)
Up to 10,000 $249 (Investor) $599 (Whale)
Up to 50,000 $499 (Trader) $999 (Whale)
Up to 100,000 $499 (Trader) N/A
Up to 500,000 $999 (Trader) N/A

Annual subscriptions: Both prices reflect annual subscriptions. Summ's subscription covers all historical tax years back to 2014, meaning you pay once and can generate reports for any previous year, which can be valuable if you need to amend or submit past returns. Awaken doesn’t clearly specify if there is a limit to how far back you can get tax reports for, it just says you can access “all prior years,” in one plan. 

Refund policy: Summ has a 7-day refund policy, upon approval. Awaken doesn’t offer any refunds, unless the user has been improperly charged. 

Free Tier

The verdict: If you have under 100 transactions, Awaken’s free tier is significantly more generous, letting you access and download all necessary tax reports without paying a dollar. However, if you have over 100 transactions and are looking to evaluate your performance using the Dashboard Summ’s free tier will give you what you need. 

Why it matters: Having full access to view and download tax reports is a great perk, but it’s only relevant if you have a small number of transactions. It’s also important to be able to conduct an evaluation of any new product so you don’t get locked into something that’s not 100% right for you. 

Summ Free Tier:

  • Portfolio tracking for up to 100,000 transactions
  • Unlimited integrations
  • Smart suggestions and auto-categorization
  • DeFi and NFT support
  • Tax reports require a paid upgrade
  • Mobile app for portfolio tracking on iOS

Awaken Free Tier:

  • Portfolio tracking for up to 100 transactions
  • Limited features
  • Can download tax reports for up to 100 transactions 
  • Export to TurboTax and TaxAct

Established Partnerships

The verdict: Summ's official partnerships with major platforms provide additional credibility and integration benefits.

Summ is the official tax partner of both Coinbase and MetaMask, two of the largest crypto platforms in the world. These partnerships mean:

  • Seamless integration with popular platforms
  • Ongoing development to support new features
  • Trust and validation from industry leaders

Conclusion: Why Summ is the Best Awaken Alternative

After comparing the platforms across integrations, DeFi support, security, pricing, and partnerships, Summ emerges as the strongest Awaken alternative for most US crypto investors.

Here's what sets Summ apart:

  • Significantly more integrations (3,500+ vs Awaken's 500+)
  • Official Coinbase and MetaMask partner industry-validated trust
  • Enterprise-grade security with additional protections 
  • Comprehensive DeFi support with 2,300+ protocols
  • 24/7 live human support when you need help
  • 7-day refund policy (upon approval)

That said, Awaken may be preferable if you value its advanced DeFi features, AI-powered categorization, or are looking for a newer platform. Awaken has built a strong reputation for AI automation and accuracy.

For US investors seeking established partnerships, comprehensive integrations, and documented security practices, Summ delivers proven value.

Frequently Asked Questions

Is Summ better than Awaken?

For most US crypto investors, Summ offers meaningful advantages over Awaken: significantly more integrations (3,500+ vs Awaken's 500+), established partnerships with Coinbase and MetaMask, additional security protections, and 24/7 live support. Both platforms offer  DeFi support, but Summ's broader integration coverage and proven track record make it a stronger choice for most users.

Does Summ support real-time tax calculations?

Yes. Summ provides real-time portfolio tracking and tax liability monitoring, allowing you to see your potential tax obligations as you trade.

Is Summ free to use?

Yes, Summ offers a free tier that includes portfolio tracking for up to 100,000 transactions, unlimited integrations, DeFi and NFT support, and smart transaction categorization. To download tax reports (Form 8949, Schedule D, etc.), you'll need to upgrade to a paid plan starting at $49.

Does Summ support DeFi transactions?

Absolutely. Summ was built with DeFi support at its core, covering over 2,300 DeFi protocols. This includes cross-chain swaps, liquidity pool deposits and withdrawals, yield farming, staking rewards, lending, and borrowing. 

Is Summ safe and secure?

Yes. Summ takes security seriously with multiple layers of protection:

  • SOC 2 Type 2 certification: Independent verification of security practices
  • Zero-trust architecture: No implicit trust for any user or system
  • 24/7 threat detection: Continuous monitoring for security issues
  • Multi-factor authentication: Optional additional account protection
  • Read-only API access: Summ can never move or access your crypto

What tax forms does Summ generate?

Summ generates all the forms US crypto investors need:

  • Form 8949: Lists individual transactions and gains/losses
  • Schedule D: Summarizes total capital gains and losses
  • Income reports: For staking, mining, and other crypto income
  • Transaction history: Complete audit trail for your records

Disclaimer: This content is for informational purposes only and does not constitute tax advice. Consult with a qualified tax professional for advice specific to your situation.

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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16 March 2026

X

 Min read

The Best Awaken Alternatives for 2026

Looking for Awaken alternatives? Compare the best crypto tax software including Summ, CoinTracker, and more. Features, IRS compliance & DeFi support.

Team Summ

This tax guide is regularly updated: Last Update 

....

March

16

2026

Looking for crypto tax alternatives to Awaken?

Chances are you’re in need of more integrations, established partnerships, or enterprise-grade security. Here's where to find it.

Quick Answer: The Best Awaken Alternative is Summ

Looking for the best alternative to Awaken? Here's our quick recommendation:

Summ is the top Awaken alternative for US crypto investors in 2026. It offers:

  • ✓ 3,500+ integrations (vs Awaken’s 500+)
  • ✓ Official tax partner of Coinbase and MetaMask
  • ✓ Comprehensive DeFi & cross-chain support with 2,300+ DeFi protocols
  • ✓ 7-day refund upon approval

Quick Comparison: Awaken vs Summ

Feature Summ Awaken
Total Integrations 3,500+ 500+
Starting Price $49 Free (limited)
Free Portfolio Tracking Over 200,000 transactions Up to 100 transactions
DeFi Support ✓ Complete (2,300+ protocols) ✓ Advanced
NFT Support ✓ Complete ✓ Supported
Tax Loss Harvesting ✓ (Investor & Trader plans)
SOC 2 Certified ✓ Type 2 ✓ Type 2
Multi-Factor Authentication
24/7 Live Support
Refund Policy 7-day refund (upon approval) Not specified
IRS Form 8949
Schedule D
TurboTax Integration
Coinbase/MetaMask Partner

Other Awaken Alternatives to Consider

While we believe Summ offers the best combination of features, integrations, and support, here are other alternatives worth considering:

{{CoinTracker Alternatives}}

{{CoinLedger Alternatives}}

{{TokenTax Alternatives}}

Awaken vs Summ (Formerly Crypto Tax Calculator)

Awaken is a newer entrant in the crypto tax software space, known for its AI-powered categorization and real-time tax calculations. It has gained attention for its automation capabilities that can label approximately 80% of transactions on average, saving users hours of manual work.

Summ (formerly Crypto Tax Calculator) is a more established platform with a comprehensive approach to crypto taxation. As the official tax partner of Coinbase and MetaMask, Summ supports over 3,500 integrations and offers advanced features like 24/7 live support and tax loss harvesting. It's designed to handle everything from simple trades to complex DeFi activities.

Let's break down how these platforms compare across the features that matter most.

Integrations (Supported Exchanges, Wallets and Blockchains)

The verdict: Summ's extensive integration coverage significantly reduces manual data entry and the risk of reporting errors.

Why it matters: Every unsupported integration means manual work or missing data. Summ's integration library of 3,500+ is one of the largest in the industry, which means you're far less likely to encounter an unsupported exchange or protocol. As one Summ customer said, there are “Extensive integrations to import transactions from [al]most every exchange.”  

Integration Type Summ Awaken
Total Integrations 3,500+ 500+
Exchanges 150+ Growing
Wallets 500+ Growing
DeFi Protocols 2,300+ Advanced
Blockchains Comprehensive Standard

While Awaken is building out its integration library, Summ's established network of 3,500+ integrations provides broader coverage for users with diverse crypto portfolios.

DeFi Support

The verdict: Both platforms offer strong DeFi support. Summ provides broader protocol coverage, whereas Awaken was built specifically for web3 and is primarily DeFi focused.

Why it matters: DeFi includes activities like staking your crypto to earn rewards, providing liquidity to trading pools, lending your assets, or using decentralized exchanges. These transactions are notoriously complex to track and categorize correctly for tax purposes.

If you've used platforms like Uniswap, Aave, Compound, or participated in liquidity pools, your tax software needs to handle:

  • Cross-chain swaps (trading across different blockchains like Ethereum to Polygon)
  • Liquidity pool deposits and withdrawals
  • Yield farming rewards (income from DeFi protocols)
  • Staking income (rewards from validating transactions)
  • Lending and borrowing (interest earned and paid)

If you’re an advanced DeFi trader, Awaken may be your best option. It uses AI-powered categorization for DeFi transactions, automating over 20,000 smart contracts, and also offers split transactions for complex multi-step DeFi transactions.

However, if you’re involved with DeFi across a range of platforms, Summ may be the right fit for you.  The platform supports over 2,300 DeFi protocols, providing a broader safety net for users active across multiple platforms.

Tax Reports & IRS Compliance

The verdict: Both platforms generate the necessary IRS forms. 

Why it matters: For US crypto investors, IRS compliance is non-negotiable. You need software that generates accurate, ready-to-file tax forms.

Tax Feature Summ Awaken
Form 8949
Schedule D
TurboTax Integration
TaxAct Integration
FIFO Method
LIFO Method
HIFO Method
Specific ID

What is Form 8949? Form 8949 is the IRS form where you report individual crypto transactions and their gains or losses. Each trade, sale, or taxable event needs to be listed.

What is Schedule D? Schedule D summarizes your total capital gains and losses from all sources, including crypto.

Security

The verdict: Summ offers documented enterprise-grade security with additional protections including zero-trust architecture and 24/7 threat detection.

Why it matters: Crypto tax software accesses your complete financial history across all exchanges and wallets. This is sensitive data that deserves serious protection.

Security Feature Summ Awaken
SOC 2 Type 2 Certified
Multi-Factor Authentication
Zero-Trust Architecture Not specified
24/7 Threat Detection Not specified
SSL Encryption
Read-Only API Access

What is SOC 2 Type 2? It's an independent audit that verifies a company's security practices meet rigorous industry standards. It's the gold standard for SaaS security compliance.

While Awaken is SOC 2 certified, Summ has additional security measures like zero-trust architecture and continuous threat monitoring to make sure your financial data is properly protected.

Pricing

The verdict: Both platforms offer competitive pricing, depending on whether you’re a low or high-volume trader. If you’re a low-volume trader with less than 100 transactions, it’s best to take advantage of Awaken’s free tier to download tax reports and track your portfolio. However, if you have over 100 transactions, Summ offers more features at a lower cost.

Why it matters: While Awaken wins on the free tier, if you’re a medium to high-volume trader Summ comes out on top. With significantly more integrations, additional security measures, and the ability to handle up to 500,000 transactions – 4x Awaken’s limit – Summ is made for both casual traders and seasoned pros.

Transaction Tier Summ Awaken
Up to 100 $49 (Rookie) $0 (Minnow)
Up to 300 $99 (Hobbyist) $99 (Fish)
Up to 1,000 $99 (Hobbyist) $199 (Dolphin)
Up to 5,000 $249 (Investor) $399 (Dolphin)
Up to 10,000 $249 (Investor) $599 (Whale)
Up to 50,000 $499 (Trader) $999 (Whale)
Up to 100,000 $499 (Trader) N/A
Up to 500,000 $999 (Trader) N/A

Annual subscriptions: Both prices reflect annual subscriptions. Summ's subscription covers all historical tax years back to 2014, meaning you pay once and can generate reports for any previous year, which can be valuable if you need to amend or submit past returns. Awaken doesn’t clearly specify if there is a limit to how far back you can get tax reports for, it just says you can access “all prior years,” in one plan. 

Refund policy: Summ has a 7-day refund policy, upon approval. Awaken doesn’t offer any refunds, unless the user has been improperly charged. 

Free Tier

The verdict: If you have under 100 transactions, Awaken’s free tier is significantly more generous, letting you access and download all necessary tax reports without paying a dollar. However, if you have over 100 transactions and are looking to evaluate your performance using the Dashboard Summ’s free tier will give you what you need. 

Why it matters: Having full access to view and download tax reports is a great perk, but it’s only relevant if you have a small number of transactions. It’s also important to be able to conduct an evaluation of any new product so you don’t get locked into something that’s not 100% right for you. 

Summ Free Tier:

  • Portfolio tracking for up to 100,000 transactions
  • Unlimited integrations
  • Smart suggestions and auto-categorization
  • DeFi and NFT support
  • Tax reports require a paid upgrade
  • Mobile app for portfolio tracking on iOS

Awaken Free Tier:

  • Portfolio tracking for up to 100 transactions
  • Limited features
  • Can download tax reports for up to 100 transactions 
  • Export to TurboTax and TaxAct

Established Partnerships

The verdict: Summ's official partnerships with major platforms provide additional credibility and integration benefits.

Summ is the official tax partner of both Coinbase and MetaMask, two of the largest crypto platforms in the world. These partnerships mean:

  • Seamless integration with popular platforms
  • Ongoing development to support new features
  • Trust and validation from industry leaders

Conclusion: Why Summ is the Best Awaken Alternative

After comparing the platforms across integrations, DeFi support, security, pricing, and partnerships, Summ emerges as the strongest Awaken alternative for most US crypto investors.

Here's what sets Summ apart:

  • Significantly more integrations (3,500+ vs Awaken's 500+)
  • Official Coinbase and MetaMask partner industry-validated trust
  • Enterprise-grade security with additional protections 
  • Comprehensive DeFi support with 2,300+ protocols
  • 24/7 live human support when you need help
  • 7-day refund policy (upon approval)

That said, Awaken may be preferable if you value its advanced DeFi features, AI-powered categorization, or are looking for a newer platform. Awaken has built a strong reputation for AI automation and accuracy.

For US investors seeking established partnerships, comprehensive integrations, and documented security practices, Summ delivers proven value.

Frequently Asked Questions

Is Summ better than Awaken?

For most US crypto investors, Summ offers meaningful advantages over Awaken: significantly more integrations (3,500+ vs Awaken's 500+), established partnerships with Coinbase and MetaMask, additional security protections, and 24/7 live support. Both platforms offer  DeFi support, but Summ's broader integration coverage and proven track record make it a stronger choice for most users.

Does Summ support real-time tax calculations?

Yes. Summ provides real-time portfolio tracking and tax liability monitoring, allowing you to see your potential tax obligations as you trade.

Is Summ free to use?

Yes, Summ offers a free tier that includes portfolio tracking for up to 100,000 transactions, unlimited integrations, DeFi and NFT support, and smart transaction categorization. To download tax reports (Form 8949, Schedule D, etc.), you'll need to upgrade to a paid plan starting at $49.

Does Summ support DeFi transactions?

Absolutely. Summ was built with DeFi support at its core, covering over 2,300 DeFi protocols. This includes cross-chain swaps, liquidity pool deposits and withdrawals, yield farming, staking rewards, lending, and borrowing. 

Is Summ safe and secure?

Yes. Summ takes security seriously with multiple layers of protection:

  • SOC 2 Type 2 certification: Independent verification of security practices
  • Zero-trust architecture: No implicit trust for any user or system
  • 24/7 threat detection: Continuous monitoring for security issues
  • Multi-factor authentication: Optional additional account protection
  • Read-only API access: Summ can never move or access your crypto

What tax forms does Summ generate?

Summ generates all the forms US crypto investors need:

  • Form 8949: Lists individual transactions and gains/losses
  • Schedule D: Summarizes total capital gains and losses
  • Income reports: For staking, mining, and other crypto income
  • Transaction history: Complete audit trail for your records

Disclaimer: This content is for informational purposes only and does not constitute tax advice. Consult with a qualified tax professional for advice specific to your situation.

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Frequently asked questions

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.

I lost money trading cryptocurrency. Do I still pay tax?

The way cryptocurrencies are taxed in most countries mean that investors might still need to pay tax, regardless of whether they made an overall profit or loss. Depending on your circumstances, taxes are usually realized at the time of the transaction, and not on the overall position at the end of the financial year.

How do I calculate tax on crypto-to-crypto transactions?

In most countries you are required to record the value of the cryptocurrency in your local currency at the time of the transaction. This can be extremely time consuming to do by hand, since most exchange records do not have a reference price point, and records between exchanges are not easily compatible.

How can Summ help with crypto taxes?

You just need to import your transaction history and Summ (formerly Crypto Tax Calculator) will help you categorize your transactions and calculate realized profit and income. You can then generate the appropriate reports to send to your accountant and keep detailed records handy for audit purposes.

Can't I just get my accountant to do this for me?

We always recommend you work with your accountant to review your records. If you would like your accountant to help reconcile transactions, you can invite them to the product and collaborate within the Summ web app. We also have a complete accountant suite aimed at accountants.

Does Summ handle non-exchange activity?

Summ (formerly Crypto Tax Calculator) handles all non-exchange activity, such as onchain transactions like Airdrops, Staking, Mining, ICOs, and other DeFi activity. No matter what activity you have done in crypto, we have you covered with our easy to use categorization feature, similar to Expensify.

Do I have to pay for historical tax reports?

Our subscription pricing is per year not tax year, so with an annual subscription you can calculate your crypto taxes as far back as 2013. The process is the same, just upload your transaction history from these years and we can handle the rest.

Can I use my own accountant?

Yes, Summ is designed to generate accountant-friendly tax reports. You simply import all your transaction history and export your report. This means you can get your books up to date yourself, allowing you to save significant time, and reduce the bill charged by your accountant. You can discuss tax scenarios with your accountant, and have them review the report.

How does payment work?

Summ has an annual subscription which covers all previous tax years. If you need to amend your tax return for previous years you will be covered under the one payment.

What if my exchange is not on the list of supported exchanges?

Summ covers thousands of exchanges, wallets, and blockchains, and DeFi apps, but if you do not see your exchange on the supported list we are more than happy to work with you to get it supported. Just reach out to [email protected] or via the in-app chat support feature and we will get you sorted.

Does Summ support NFT transactions?

We do! Summ integrates with many NFT marketplaces and offers categorization options for any NFT-related activity (minting, buying, selling, trading).

How does the free trial work?

Summ is free to use immediately upon signup, allowing you to import your transactions and take advantage of our smart suggestion and auto-categorization engine, portfolio tracking, DeFi and NFT support. For access to reports, the tax loss harvest tool or chat and priority support, you will need to upgrade to the appropriate paid plan.

Automate your crypto bookkeeping

01

SOC 2 type 2 certified

As SOC 2 Type 2 compliant, we ensure robust data security, giving customers confidence in entrusting us.
02

Secure organization

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.