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The Best CoinLedger Alternative

Is CoinLedger not working for you, or simply looking for a better alternative? Learn more in our Coinpanda vs. CoinLedger comparison to find out which crypto tax calculator is the best choice for you!

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Both CoinLedger and Coinpanda are two popular crypto tax platforms. While there are many similarities between the two, there are also some key differences that may be important when deciding which crypto tax calculator is the right choice for you.

In this detailed comparison, we will see how CoinLedger compares against Coinpanda so you can make an informed decision when choosing the right crypto tax calculator.

Integrations

Both CoinLedger and Coinpanda support most exchanges, wallets, and blockchains that are widely used today.

However, at the time of writing, Coinpanda has integrations with more exchanges and wallets than CoinLedger currently supports. This might not be a deal breaker for you, so instead, we encourage you to see which platform can best import transactions from the exchanges and wallets you have used.

CoinpandaCoinLedger
Total integrations900+632
Supported exchanges473Unknown
Supported wallets15883
API integrations370109
Major platforms/blockchainsCheck greenCheck green

DeFi and NFTs

Today, most crypto tax platforms have basic support for typical DeFi transactions such as borrowing, lending, and staking. This includes also CoinLedger and Coinpanda which both support the most common transactions, but there are some important differences to be aware of.

Based on our users’ feedback and observations, CoinLedger does not support DeFi from popular blockchains like Solana, Cardano, Algorand, and other L1 blockchains. It appears that CoinLedger has focused mainly on Ethereum and other EVM blockchains, while Coinpanda has DeFi integration with almost all popular L1 blockchains today.

Depending on which blockchains you have used or will use in the future, this might be a deciding factor. DeFi transactions can be very complex, so it’s critical that you choose a tax platform that can import all your transactions correctly with minimum manual corrections.

CoinpandaCoinLedger
General DeFiCheck greenCheck green
StakingCheck greenCheck green
Lending/borrowingCheck greenCheck green
Add/remove liquidityCheck green 450+ protocolsMinus solid Few protocols
NFTsCheck green 70+ blockchainsMinus solid Few blockchains

The same goes for NFTs. Coinpanda supports automatic import and tracking of NFTs from many more blockchains than CoinLedger does. At the time of writing, Coinpanda supports NFTs from blockchains not supported by CoinLedger, such as Flow and NEAR.

As a bonus, Coinpanda has an NFT center that lets you view all NFTs and their associated cost basis, so Coinpanda does take the lead on CoinLedger when it comes to NFT support.

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Coinpanda NFT center

Portfolio tracking

For many years, CoinLedger did not offer portfolio tracking but finally released this earlier in 2024.

Both CoinLedger and Coinpanda let you connect your exchange accounts and wallets using API keys or your public addresses. They also offer a dashboard that gives you a full overview of your portfolio holdings and the latest movements in the crypto market.

In addition to basic information such as your crypto assets, both CoinLedger and Coinpanda also provide more in-depth details such as cost basis and unrealized gains and losses.

If you are simply looking for a portfolio tracker, you will most likely be very satisfied using either CoinLedger or Coinpanda.

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Coinpanda dashboard

Futures and margin trading

At the time of writing, CoinLedger does not support futures, derivatives, or margin trading.

It’s not entirely clear when or if they plan to add support for this, but Coinpanda is, therefore, likely a better choice for anyone trading futures or derivatives on exchanges such as Binance, Bybit, or Kraken.

Customer support

Doing your crypto tax calculations can be both a very challenging and intimidating task, and it’s critical that you get enough support and help so that you can generate an accurate tax report.

Chatting with a real person is the best way to get help, and both CoinLedger and Coinpanda support this. Although there can be differences in how long time you need to wait before getting a reply, you are likely to get the help you need from both platforms.

CoinpandaCoinLedger
Live chatCheck greenCheck green
Email supportCheck greenCheck green
Forum supportCheck greenCross grey
Help CenterCheck greenCheck green

Coinpanda has a community forum where you can report bugs and import issues or request new features and integrations, but CoinLedger does not currently have this.

Both platforms have an extensive help center with published help articles explaining most of the functionality, troubleshooting missing transactions, and importing transactions from different exchanges and blockchains.

Supported countries

CoinpandaCoinLedger
Complete Tax Report (PDF)Check greenCheck green
Income and expense reportCheck greenCheck green
USA, IRS formsCheck greenCheck green
UK, HMRC reportCheck greenCross grey
Australia, ATO reportCheck greenCheck green
Canada, CRA reportCheck greenCheck green
France, Formulaire 208Check greenCross grey
Sweden, K4 blankettCheck greenCross grey
Japan, total cost basisCheck greenCross grey

If you are reporting taxes in the US, you are in safe hands with all required IRS forms, including Form 8949 and Schedule D, supported by both Coinpanda and CoinLedger. You can also export a CSV file compatible with TurboTax and TaxAct. The same goes also for Canadians, where CRA Schedule 3 can be exported from both Coinpanda and CoinLedger.

However, anyone outside the US, Canada, or Australia will find that CoinLedger does not offer any detailed tax reports or tax forms. Coinpanda, on the other hand, lets you export detailed country-specific tax reports for all major jurisdictions such as the UK, France, Japan, and many others.

Free plan

CoinpandaCoinLedger
Portfolio trackingCheck greenCheck green
Transaction detailsCheck greenCheck green
Cost analysisCheck greenCross grey
Capital gains previewCheck greenCheck green
NFT centerCheck greenCross grey
Tax reportsCheck green 25 transactionsCross grey

The free plan offered by CoinLedger and Coinpanda lets you explore most features before deciding to upgrade to a paid tax plan. The free plans include portfolio tracking, access to transaction details, and much more.

However, you will find that Coinpanda’s free plan offers more features than CoinLedger.

Pricing

Both CoinLedger and Coinpanda have a similar pricing plan structure. How much you need to pay depends on the total number of transactions for a specific tax year. All plans give you lifetime access to download tax reports for the year to which you have upgraded. Both platforms also have custom plans for users with a large number of transactions exceeding the lower plans.

Although the pricing is fairly similar, it’s important to be aware that Coinpanda may import significantly fewer transactions from derivatives and futures trading by consolidating all transactions from the same day into a single transaction. This means that you may end up with fewer transactions in a given tax year, so you only need to upgrade to a lower tax plan on Coinpanda, thus saving money!

Conclusion

After reading this comparison guide, it should be clear that both CoinLedger and Coinpanda are great options for anyone looking for a crypto tax calculator. Although there are small differences, most crypto investors will find that both platforms can help calculate crypto taxes and provide an accurate tax report.

One key decision factor may be that Coinpanda has more integrations than CoinLedger does today. This is important, since unless you want to spend hours importing your transactions manually in CoinLedger, you may find the API integrations offered by Coinpanda help you save hours.

Although we might be slightly biased, our conclusion is that Coinpanda is the overall winner based on the aforementioned reasons!

If you are already a CoinLedger user and want to switch to Coinpanda after reading this comparison, you have two options:

Method 1

Export a CSV file with your complete transaction history from your CoinLedger account. Next, upload this file to a CoinLedger wallet in your Coinpanda account. Coinpanda will automatically detect and categorize your transactions in a way that is similar to how they were imported to CoinLedger. All future transactions must be imported using either API import or by uploading CSV files.

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Method 2

Connect your exchange accounts and wallets to Coinpanda and import all your transactions from all the years you have traded crypto. This is the recommended method for several reasons:

  • No duplicate transactions will be imported
  • Makes it much easier to import future transactions and keep all your wallets up to date
  • Avoids the possibility of transactions imported wrongly to CoinLedger to also be imported wrongly to your Coinpanda account
  • Easier to debug and troubleshoot the data imported

Our support team is available 24/7 to help you migrate from CoinLedger to Coinpanda – 100% free of charge! If you have questions, please get in touch with our support team, and they will guide you through the process.

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