CoinLedger Review 2025: Best Budget Option?

What is CoinLedger?

CoinLedger (formerly known as CryptoTrader.Tax) is a cryptocurrency tax software founded in 2018 by David Kemmerer. Based in the United States, the platform rebranded from CryptoTrader.Tax to CoinLedger in 2022 to better reflect its expanded feature set beyond just tax reporting.

The platform's core mission is to make crypto tax filing affordable and accessible for everyday investors. While competitors like Koinly and CoinTracker charge $179-$199 for mid-tier plans, CoinLedger offers similar functionality at $49-$99, making it the most budget-friendly option among major crypto tax platforms.

CoinLedger supports 400+ exchanges and wallets and serves over 300,000 users primarily in the United States. The platform is particularly popular among casual crypto investors who want accurate tax reports without paying premium prices.

Key Features

1. TurboTax Direct Integration

CoinLedger's standout feature is its seamless TurboTax integration for US users:

• One-click export to TurboTax Online and Desktop
• Automatic import of Form 8949 and Schedule D
• No manual data entry required
• Updates sync automatically if you make changes

This integration saves significant time during tax season and reduces errors from manual entry. It's one of the smoothest TurboTax integrations in the crypto tax space.

2. 400+ Exchange Integrations

CoinLedger supports automatic syncing with 400+ exchanges and wallets:

• Major exchanges: Coinbase, Binance, Kraken, Gemini, Crypto.com
• US-focused platforms: Robinhood, Cash App, PayPal, Venmo
• Wallets: MetaMask, Trust Wallet, Ledger, Trezor
• Blockchains: Bitcoin, Ethereum, Polygon, BSC, Solana

While fewer integrations than Koinly (600+), CoinLedger covers all mainstream platforms that casual investors use.

3. Automated Tax Report Generation

CoinLedger generates comprehensive tax reports for multiple countries:

• United States: Form 8949, Schedule D, complete capital gains breakdown
• United Kingdom: HMRC capital gains tax report
• Canada: CRA Schedule 3
• Australia: ATO capital gains report

Reports are generated instantly once transactions are synced and categorized.

4. Multiple Cost Basis Methods

CoinLedger supports standard cost basis accounting methods:

• FIFO (First In, First Out) — most common
• LIFO (Last In, First Out)
• HIFO (Highest In, First Out) — tax minimization
• Specific Identification — choose which lots to sell

The platform shows how each method affects your tax liability, helping you choose the most tax-efficient option.

5. Tax Loss Harvesting Tools

CoinLedger includes basic tax loss harvesting features:

• Identifies coins currently at a loss
• Calculates potential tax savings from selling
• Shows short-term vs long-term loss impact
• Helps offset capital gains with losses

While not as sophisticated as Koinly's tax loss harvesting, it's sufficient for most users.

6. Historical Data Import

CoinLedger allows unlimited historical data import:

• Import transactions from any year
• Calculate taxes for past years
• Generate amended returns for corrections
• No extra fees for historical data

CoinLedger Pricing (2025)

CoinLedger uses a transaction-based pricing model that's significantly cheaper than competitors:

Price Comparison

How CoinLedger Works: Step-by-Step

Step 1: Create Account

Sign up at coinledger.io with email or Google sign-in. Free plan includes unlimited imports and tax preview.

Step 2: Connect Exchanges & Wallets

Add your exchanges via:

• API integration: Read-only API keys for automatic syncing
• CSV upload: Manual import for unsupported platforms
• Wallet address: Auto-import blockchain transactions

Step 3: Review Transactions

CoinLedger automatically categorizes transactions. Review and:

• Verify transaction types are correct
• Match transfers between your own wallets
• Add missing transactions manually
• Edit incorrect categorizations

Step 4: Select Cost Basis Method

Choose your accounting method (FIFO, LIFO, HIFO) and see how it affects your tax liability.

Step 5: Generate Tax Report

Download your tax reports:

• Form 8949 & Schedule D (US)
• Capital gains summary
• Income report (staking, mining)
• Complete transaction ledger

Step 6: Export to TurboTax or File

US users can export directly to TurboTax with one click. Alternatively, download reports and file manually or share with your accountant.

Accuracy Test Results

We tested CoinLedger's accuracy by importing the same transaction set used for Koinly and CoinTracker testing:

Test Portfolio

• 500 transactions across Coinbase, Binance, and Uniswap
• Mix of trades, transfers, staking, and basic DeFi
• Known tax liability: $12,450 in capital gains

Results

Verdict: CoinLedger's accuracy is very good for simple to moderate portfolios. The $70 discrepancy was due to a single Uniswap transaction being miscategorized, which we fixed manually in 30 seconds. For basic exchange trading, CoinLedger is just as accurate as premium alternatives.

DeFi Support

CoinLedger's DeFi support is basic but functional for mainstream protocols:

Verdict: If you're a heavy DeFi user with complex yield farming, liquidity pools, or cross-chain activities, CoinLedger will struggle. Koinly or TokenTax are better choices for advanced DeFi. However, for basic DeFi activities (simple swaps, staking, basic lending), CoinLedger handles it adequately.

Country Support

CoinLedger supports tax reporting for 15+ countries, with strong focus on English-speaking markets:

United States 🇺🇸

• Forms: Form 8949, Schedule D, Schedule 1
• TurboTax: One-click export to TurboTax Online/Desktop
• Accuracy: Excellent — built for US tax code
• Cost basis: FIFO, LIFO, HIFO, Specific ID

United Kingdom 🇬🇧

• Format: HMRC capital gains tax report
• Rules: Same-day rule, 30-day bed-and-breakfast rule
• Accuracy: Good — Section 104 pooling supported

Canada 🇨🇦

• Format: CRA Schedule 3
• Rules: Superficial loss rules, 50% inclusion rate
• Accuracy: Good

Australia 🇦🇺

• Format: ATO capital gains report
• Rules: 50% CGT discount after 12 months
• Accuracy: Good

Other Countries

CoinLedger also supports Germany, France, Spain, Netherlands, and several others. However, support is more limited than Koinly (which supports 100+ countries).

Pros & Cons

CoinLedger vs Competitors

CoinLedger vs Koinly

Winner: CoinLedger for budget and simplicity; Koinly for features and DeFi.

CoinLedger vs CoinTracker

Winner: CoinLedger for value; CoinTracker if you want portfolio tracking.

Who Should Use CoinLedger?

✅ Perfect For:

• Budget-conscious investors — Save 50% vs Koinly
• Casual traders (100-1,000 transactions)
• Simple exchange trading — Coinbase, Binance, Kraken
• US taxpayers — Excellent TurboTax integration
• Basic staking/rewards — Exchange-based staking
• First-time crypto tax filers — Simple interface

❌ Not Ideal For:

• Heavy DeFi users — Limited yield farming/LP support
• International investors — Limited country support
• High-volume day traders — Better options at high tiers
• Users wanting portfolio tracking — No live price monitoring
• Complex tax situations — No CPA network like TokenTax

Consider Instead:

• Koinly — If you need better DeFi support or international tax reports
• TokenTax — If you want CPA assistance or audit defense
• CoinTracker — If you prioritize portfolio tracking over cost

Frequently Asked Questions

Is CoinLedger free?

CoinLedger offers a free plan that lets you import unlimited transactions and preview your tax liability. To download actual tax reports, you need a paid plan starting at $49/year.

Is CoinLedger the same as CryptoTrader.Tax?

Yes. CryptoTrader.Tax rebranded to CoinLedger in 2022. It's the same platform with the same features and pricing — just a new name.

How accurate is CoinLedger?

Very accurate for simple to moderate portfolios. Our testing showed 99.4% accuracy for basic exchange trading. However, complex DeFi transactions may need manual review.

Does CoinLedger work with TurboTax?

Yes. CoinLedger has excellent TurboTax integration. US users can export Form 8949 and Schedule D directly into TurboTax Online or Desktop with one click.

Does CoinLedger support DeFi?

CoinLedger supports basic DeFi (simple swaps on Uniswap, staking) but struggles with complex yield farming, liquidity pools, and cross-chain bridges. For heavy DeFi, consider Koinly or TokenTax.

Can I use CoinLedger outside the US?

Yes. CoinLedger supports 15+ countries including UK, Canada, Australia, Germany, and more. However, if you're outside these countries, Koinly (100+ countries) may be a better choice.

How much does CoinLedger cost?

Pricing ranges from $49/year (100 transactions) to $299/year (unlimited). Most casual investors pay $49-$99/year, making it the most affordable crypto tax software.

Does CoinLedger have a mobile app?

No. CoinLedger is web-only and doesn't offer iOS or Android apps. If you need mobile portfolio tracking, consider CoinTracker.

Is CoinLedger safe?

Yes. CoinLedger uses bank-level 256-bit encryption and only requests read-only API access (cannot withdraw funds). The company has served 300,000+ users with no security breaches.

Can I switch from Koinly to CoinLedger?

Yes. Export your transaction history from Koinly as CSV files and import into CoinLedger. You may need to reconnect exchanges via API for automatic syncing.

Final Verdict: Is CoinLedger Worth It?

CoinLedger is absolutely worth it if you're a budget-conscious investor with simple to moderate crypto activity. At $49-$99 for most users, it's the most affordable crypto tax software that still delivers accurate results and professional tax reports.

The TurboTax integration is seamless and saves significant time for US taxpayers. The platform handles basic exchange trading, staking rewards, and simple DeFi without issues. For casual investors who trade on Coinbase, Binance, or Kraken and want to minimize costs, CoinLedger is the clear choice.

However, if you're a heavy DeFi user, need advanced portfolio tracking, or want international tax support beyond the main English-speaking countries, you should consider paying more for Koinly or TokenTax. CoinLedger sacrifices some advanced features to keep prices low — which is perfect for 80% of users, but not ideal for power users.

Choose CoinLedger If:

• You want to save money without sacrificing accuracy
• You have <1,000 transactions per year
• You trade mainly on major exchanges
• You're a US taxpayer using TurboTax
• You only need tax reports (not portfolio tracking)