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2025-03-06

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.

All Countries

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Guides
Mar 6
,
 
2025
 - 
10
min read

Crypto Tax Guides 2025

Key takeaways
This tax guide is regularly updated: Last Update  
CryptoTax Calculator thumbnail

Below is a list of crypto tax guides for various countries. These guides will walk you through the local tax laws in your country and help you prepare a crypto tax report for your local tax authority.

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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