The Australian Tax Organization taxes cryptocurrencies as property. This means cryptocurrency trading, buying, selling, mining, staking, etc. are subject to capital gains and income taxes. This guide enlists the 9 best crypto tax software Australia.
Table of Contents
What does crypto tax software do?
A crypto tax software allows you to import into it, all your taxable transactions from all the Exchanges and Wallets with which you transacted in the taxable year. You can simply import these transactions using CSV, API for exchanges or using public key address of your wallets. Some exchanges which are not directly supported by the crypto tax software will need manual entry.
Once all the transactions are uploaded in the crypto tax software, it generates your capital gains/losses and income, which in most cases is available to you free of cost. It also generates your country specific Tax Reports (like IRS Form 8949 for USA) which you can use to file your crypto taxes. You can file your crypto taxes either by yourself or by sharing the Tax Reports with your accountant or by importing the Tax Reports to your favorite tax filing software like TurboTax, TaxAct and other platforms.
Best crypto tax software Australia
CoinLedger
Affordable and intuitive with a broad spectrum of partners (exchanges, wallets and blockchains).
Very good for beginners, for two reasons:-
1) Ample customer support service complemented with detailed articles
2) affordable for a lesser number of transactions ($49 for up to 100 transactions, $99 for up to 1500 transactions)
Key Features
- Tax Forms or Reports provided: ATO Tax Forms, Capital Gains
- Crypto Exchanges supported: Coinledger integrates with most of the crypto exchanges like CoinSpot, Binance, CoinJar, Coinspot and 300 plus exchanges. Check this.
- Crypto Wallets supported: CoinLedger supports Exodus, Metamask, Abra, Trust Wallet, Ledger, Trezor, Jaxx and MyEtherWallet. Check this.
- Blockchain integrations: Ethereum, Binance Smart Chain, Bitcoin, Polygon
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with CoinLedger, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets
- Customer Service: Email support and Live chat
- No. of cryptocurrencies supported: 10,000 plus
- DeFi and NFTs support: Yes. NFT (OpenSea) support for Ethereum.
DeFi Support to Bancor, Curve Finance, Synthetix, dYdX,SushiSwap, Pancake Swap, Compound Finance and more. Check this. - Starting Price: Zero
- Integration with Tax filing software-Yes. TurboTax
Pros-Cons
Pricing
CoinLedger offers a free plan for importing all of your cryptocurrency transactions, as well as viewing your net capital gains and losses and keeping track of your investment portfolio. Payment is only needed when you wish to view and download your tax report.
Koinly
Koinly is good for people who do not have a large number of transactions and are looking for a cheap plan. It offers good support for your NFTs and DeFi transactions.
Global crypto tax software that offers support to tax requirements in over 20 countries including the USA, Australia, Canada, New Zealand, Germany, and more. Supports over 160 plus blockchains, 350 plus exchanges and 50 plus wallets.
No matter how scattered your transactions have been, how many exchanges you used, or how many wallets you employed. Import all your transaction data from all the exchanges in a few clicks to generate your tax-filing report. Koinly provides services including complete portfolio management for all your transactions in multiple exchanges and wallets, tax calculation of all your gains, and relevant report generation like ATO Forms and Capital Gains and Losses reports..
Features
- Tax Forms or Reports provided: Country-specific tax reports like ATO Tax Forms and capital gains and losses reports.
- Crypto Exchanges supported: Direct integration with over 350 plus exchanges including Coinspot, Swyftx, Coinjar, Independent Reserve, and more. Check this.
- Crypto Wallets supported: 100 plus wallets including Ledger, Uphold, Trezor, Exodus, Metamask, etc. Simply connect your wallets using the public addresses.
Check this. - Blockchain integrations: Over 160 plus blockchains are supported including Ethereum, Bitcoin, Binance Chain, Cardano, Solana, Polygon (MATIC) and more. Check this.
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with Koinly, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets
- Customer Service: Good customer service which is also gauged by the comments of people in TrustPilot. Chat and email support for general inquiries is available here. For email support for specific issues you need to buy the paid plan.
- No. of cryptocurrencies supported: Over 6000 plus cryptocurrencies supported. Check this.
- DeFi and NFTs support: Covers support for DeFi, Margin Trades and Futures. Check the integration with DeFi platforms.
- Integration with Tax filing software-Yes. TurboTax, TaxAct & Co
Pricing
Free lifetime access for tax calculation. Only for report generation you need to purchase a paid plan.
Pros-Cons
CryptoTax Calculator
Features
- Tax Forms or Reports provided: Tax reports are generated as per the required formats of the ATO. Reports generated include ATO Tax Forms, Capital Gains Report, Income Report, Trading PnL Report .
- Crypto Exchanges supported: 500 plus integrations including all the popular Australian exchanges like Binance, Coinspot, Swyftx. Check all the integrations.
- Crypto Wallets supported: 500 plus integrations with exchanges and wallets. Check all the integrations.
- Blockchain integrations: 500 plus integrations with exchanges and wallets. Check all the integrations.
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with Crypto Tax Calculator, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets
- Customer Service: Help Desk and Chat support.
Email: [email protected]
Help-desk support - DeFi and NFTs support: Yes. Covers tax preparation for NFT trades from Ethereum, Solana, Avalanche and L2’s. Integration with popular NFT Marketplaces like OpenSea, LooksRare and more.
DeFi support-Support trading from popular DEXs like Uniswap, Pancakeswap, Sushiswap, Quickswap, Serum and more. - Starting Price: AUD 49 for up to 100 transactions.
Pricing
The free trial can let you import data, review transactions, see a full breakdown of calculated taxes against each transaction, and review the dashboard. The paid plan starts at a price of AU$49 which covers up to 100 transactions and supports all the exchanges in the Partner ecosystem of Crypto Tax Calculator.
Pros-Cons
TokenTax
TokenTax is a global crypto tax software that is mainly recommended for advanced users and businesses. It can calculate as well as file your crypto taxes. It is recommended for all big, small and complex crypto tax calculations and reporting.
Unlike other crypto tax software, which are portfolio trackers, TokenTax was built as a tax accounting software which is well reflected in their tools like Tax Loss Harvesting Dashboard and Minimization accounting method.
Features
- Tax Forms or Reports provided: ATO compliant tax forms, Tax Loss Harvesting report, Mining and staking report and more tax reports needed.
- Crypto Exchanges supported: Supports popular Australian exchanges like Coinspot. Check all the integrations here.
- Crypto Wallets supported: Almost all popular crypto wallets. Check all the integrations here
- Blockchain integrations: Check all the integrations here
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with TokenTax, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets.
- Customer Service: Email ([email protected]), Text and Call ((845) 663-1173-contact number given at their website at the time of writing this guide)
- No. of cryptocurrencies supported: Check all the integrations here
- DeFi and NFTs support: Yes. Ethereum, Avalanche, Solana, Fantom, and more.
- Starting Price: USD 65
- Integration with Tax filing software-Yes. TurboTax, TaxAct & Co
Pricing
The basic plan for TokenTax starts with USD 65 per tax year, which supports up to 500 transactions, but only for Coinbase and Coinbase Pro exchanges. The consecutive higher subscription plans support 5000 transactions for USD 199 per tax year, 20,000 transactions for USD 799 per tax year and 30,000 transactions for USD 3499 per tax year.
Pros-Cons
CoinTracking
Best for diversified and serious investors and traders as it provides even more accurate calculations, a wider spectrum of custom, and more comprehensive reports.
CoinTracking provides support to individual investors as well as corporate.
It provides a complete Dashboard of all your trades, first trade, last trade, the value of total coins, commodities, currencies and more. Check this. Beginners can opt for free and more affordable crypto tax software like CoinLedger and Koinly.
Features
- Tax Forms or Reports provided: 25 customizable crypto reports, Interactive charts for trades and coins, Profit / loss & Audit reports. Reports are ATO compliant.
- Crypto Exchanges supported: 80 plus exchanges including legacy support from closed exchanges. Check here.
- Crypto Wallets supported: Multiple wallets support including Ledger, Trezor, MyCellium, Exodus. Check here.
- Blockchain integrations: Avalanche, Bitcoin, Bitcoin Cash, Cardano, Binance Chain, BSC, DASH, Polkadot, EOS, Ethereum (including DEX Ethereum), Fantom, Litecoin, Terra Classic (LUNA), Polygon (MATIC), Solana, Tron (TRX), Stellar, Ripple, Zcash and 200 plus altcoins.
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with CoinTracking, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets.
- Audit Report: Yes
- Customer Service: Raise Ticket
Support Desk listing varied issues
AI chatbox
CoinTracking communities:
| · Twitter · YouTube · Discord | · Bitcointalk Forum (English) · Bitcointalk Forum (German) · CoinForum.de (German) · Telegram (German) |
You can even opt for a Full-Service Plan which will render you support from professional crypto tax professionals.
- No. of cryptocurrencies supported: 20,843 coins and assets
- DeFi and NFTs support: Yes tax support provided to NFTs, DeFi and DAOs.
- Starting Price: Free preview of reports up to 200 transactions
Pricing
The free version supports 200 transactions, like trades, deposits, or withdrawals that you can enter manually or import via CSV files from all major exchanges. Post 200 transactions you are required to subscribe to the paid plan, starting at 10.99 USD per month.
Pros-Cons
Accointing
Easy and intuitive user experience, with prompt customer support (reportedly). Good crypto tax software to start for beginners.
Features
- Tax Forms or Reports provided: ATO compliant tax reports.
- Crypto Exchanges supported: 300 plus integrations. Direct integrations with over 28 exchanges including CoinSpot, CoinJar, FTX, Binance, Bitpanda, and more. Check this.
- Crypto Wallets supported: Direct integration with over 50 wallets for API or public address import. Some of the popular wallets supported include Atomic wallet, BlockWallet, Coinbase, Exodus, Infinity, MEtaMask, and more. Check this.
- Blockchain integrations: Direct integration with over 25 blockchains including Binance Chain, Bitcoin, Ethereum, Cardano, Litecoin, Polygon, Polkadot, and more. Check this.
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with Accointing, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets.
- Customer Service: Prompt customer support
Email support: [email protected]
You can open your specific support request here. Choose your issue as specific as you can and the team will route you to the right department. - No. of cryptocurrencies supported: 20,000 plus cryptocurrencies tracked
- DeFi and NFTs support: NFTs support provided
- Starting Price: Free up to 25 transactions
Pricing
You can choose a free plan for up to 25 taxable transactions. Beyond this, you will need to choose a paid plan which starts from USD 79 per year.
Pros-Cons
BitcoinTaxes
Good for intermediate crypto traders and investors. One of the reasons for this is that BitcoinTaxes allows direct integration with only 21 exchanges for which you can easily import transaction data via CSV or API. For other exchanges manual entry is required which can be cumbersome for beginners.
Also not good for pro-traders or frequent traders who easily generate over 200,000 transactions. You can find more affordable prices in Bear Tax or other crypto tax software.
Features
- Tax Forms or Reports provided: Capital Gains and Losses and ATO compliant tax reports.
- Crypto Exchanges supported: Most of the popular exchanges in Australia.
- Crypto Wallets supported: Most of the popular crypto wallets
- Blockchain integrations: Most of the popular blockchain platforms
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with BitcoinTaxes, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets.
- Customer Service: Email and Text message, FAQs, Knowledge Base and Video Library. Check this.
Send a message.
Email: [email protected] - No. of cryptocurrencies supported: Almost all popular cryptocurrencies
- Starting Price: Zero dollars
- Integration with Professional Tax filing software: TurboTax, H&R Block, TaxACT, Drake Software, CCH, or any tax software that supports TXF files.
Pricing
BitcoinTaxes offers separate set of prices for individuals, traders and tax professionals. For individuals the free plan covers up to 20 trading transactions and email support. The consecutive higher plans cover up to 1000, 5000 and 10,000 trading transactions.
For traders the pricing starts from USD 139 for up to 50,000 transactions and USD 529 for up to 1 Million transactions. For unlimited transactions you can contact BitcoinTaxes directly to negotiate the pricing.
Pros-Cons
Fyn or Bear Tax
Affordable and global Crypto Tax Software supports 25 countries including the USA, India, Japan, Australia, Austria, and more.
Features
- Tax Forms or Reports provided: ATO compliant tax reports.
- Crypto Exchanges supported: Most of the popular crypto exchanges.
- Crypto Wallets supported: Edge, Exodus, Ledger, MetaMask, MEW and MyCrypto. Check this.
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with Fyn, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets
- Customer Service: Chat, Email
- No. of cryptocurrencies supported: Multiple
- DeFi and NFTs support: DeFi support for Celsius and Nexo. NFTs are not currently supported for taxes.
- Starting Price: Zero
Pricing
The free plan allows you to preview and download all your gains and losses from all your exchanges and wallets, up to 20 transactions.
Pros-Cons
CoinPanda
Another global crypto tax software supporting over 65 countries that generates tax reports for all your crypto income such as buy/sell, mining, staking, yield farming, forks, airdrops, gifts, donations, and lost/stolen coins.
Features
- Tax Forms or Reports provided: ATO compliant tax reports.
- Crypto Exchanges supported: Most of the popular crypto exchanges.
- Crypto Wallets supported: Coinpanda supports over 80 wallets. Check all integrations.
- Blockchain integrations: Coinpanda supports over 174 blockchains. Check all integrations.
- The format in which data is imported from Exchanges and Wallets: For exchanges and wallets having direct integration with CoinPanda, you can directly import all your transaction data by importing an API key or a CSV file for exchanges and public key address for wallets
- Customer Service: Email support under the free plan and Live Chat, Priority Support under the paid plan.
Help-Desk - No. of cryptocurrencies supported: 12000 plus.
- DeFi and NFTs support: DeFi support for all blockchains like Ethereum, Avalanche, Polygon and Elrond. NFTs tax support for OpenSea.
- Starting Price: Zero
Pricing
The free plan allows tax reports up to 25 transactions, unlimited exchanges, NFT and DeFi support , Margin trading and Email support.
