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The Best CoinTracker Alternative

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

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CoinTracker and Coinpanda are two of the most widely used tax platforms today. Despite their numerous similarities, there are notable distinctions between them that are important to understand when determining which crypto tax calculator best suits your needs.

In this comparison, we will examine how CoinTracker stacks up against Coinpanda so that you can make an informed choice when selecting the ideal crypto tax calculator.

Integrations

CoinTracker supports a long list of the most popular exchanges, but there are quite many that are not supported with either API or CSV file upload.

According to their own website, they only support 81 exchanges and 28 wallets with either API or direct file upload. This is in stark contrast to Coinpanda, which has 473 and 158 supported exchanges and wallets, respectively. CoinTracker also lacks accurate API integration with many major platforms, such as Bybit, Gate.io, and Bitfinex.

When it comes to integrations, both the total number supported and the import accuracy, Coinpanda is the clear winner and is miles ahead of CoinTracker.

CoinpandaCoinTracker
Total integrations900+524
Supported exchanges47381
Supported wallets15828
API integrations37066
Major platforms/blockchainsCheck greenMinus solid

DeFi and NFTs

Nowadays, the majority of crypto tax platforms provide basic support for typical DeFi transactions like borrowing, lending, and staking. CoinTracker and Coinpanda are no exceptions, offering support for the most common transactions. However, you should be aware of some significant differences between them.

Based on observations, CoinTracker has limited or no DeFi support from popular blockchains like Solana, Cardano, Algorand, and other L1 blockchains. It appears that CoinTracker has focused mainly on Ethereum and other EVM blockchains, while Coinpanda has DeFi integration with almost all popular L1 blockchains today. In addition, CoinTracker supports very few DEX protocols compared to Coinpanda.

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.

CoinpandaCoinTracker
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

When it comes to NFT support, both CoinTracker and Coinpanda support NFTs on Ethereum and the other most popular EVM blockchains, such as Polygon and Avalanche.

However, Coinpanda supports automatic import and tracking of NFTs from many more L1 blockchains than CoinTracker does. At the time of writing, Coinpanda supports NFTs from blockchains not supported by CoinTracker, such as Flow and NEAR.

Although both CoinTracker and Coinpanda have an NFT center that lets you view all NFTs and their associated cost basis, Coinpanda does take the lead on CoinTracker when it comes to NFT support.

Coinpanda NFT center

Portfolio tracking

Both CoinTracker and Coinpanda have similar functionality when it comes to portfolio tracking. Both platforms let you connect your exchange accounts and wallets using either API keys or your public addresses. The Dashboard pages on both platforms give you a full overview of your portfolio holdings and the latest movements in the crypto market.

While Coinpanda offers a 100% free portfolio tracking feature, CoinTracker offers a paid subscription starting at $59 per year if you want access to portfolio tracking features. Because Coinpanda also supports a lot more exchanges and blockchains than CoinTracker does, Coinpanda is again the winner when it comes to portfolio tracking.

Coinpanda dashboard

Futures and margin trading

Both CoinTracker and Coinpanda support derivatives trading and can handle all transaction types, such as trading fees, funding payments, and realized gains and losses.

However, because of the limited number of integrations with trading platforms supported by CoinTracker, you might be unable to import futures transactions automatically and accurately.

Because of this, we encourage you to try both CoinTracker and Coinpanda to see which platform works best for you and can import your transactions most accurately.

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, but CoinTracker does not offer chat support at the moment. This might be a dealbreaker for many people who need help getting their transactions imported or troubleshooting other issues.

If you have the time and patience to contact support via email, this might be less of an issue for you, but Coinpanda is probably the better choice for anyone who prefers getting help via chat.

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

In addition to email support, 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

CoinpandaCoinTracker
Complete Tax Report (PDF)Check greenCross grey
Income and expense reportCheck greenCross grey
USA, IRS formsCheck greenCheck green
UK, HMRC reportCheck greenCross grey
Australia, ATO reportCheck greenCross grey
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 CoinTracker. 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 CoinTracker.

However, anyone outside the US or Canada will find that CoinTracker 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, Australia, France, Japan, and many others.

Free plan

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

The free plan offered by both CoinTracker and Coinpanda lets you explore most features before deciding to upgrade to a paid tax plan. However, portfolio tracking is not supported on CoinTracker’s free plan.

The free plan on CoinTracker also doesn’t allow exporting tax reports or forms, while Coinpanda’s free plan limits transactions to 25.

Pricing

Both CoinTracker and Coinpanda have pricing where the number of transactions determines the required plan, but there are some important differences.

As you can see in the table below, Coinpanda’s tax plans are cheaper than those of CoinTracker. Not only does Coinpanda let you save money, but you also get access to more features on the lower plans compared with CoinTracker.

In addition, 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!

CoinpandaCoinTracker
25 transactionsCheck green FreeCross grey
100 transactions$79$59
1,000 transactions$149$199
3,000 transactions$249$299
20,000 transactions$389$599

Conclusion

After reading this comparison guide, we hope you have gained insight into some of the most important differences between CoinTracker and Coinpanda.

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

Although we might be slightly biased, our conclusion is that Coinpanda is the overall winner and provides more value for money than CoinTracker!

If you are already a CoinTracker 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 CoinTracker account. Next, upload this file to a CoinTracker 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 CoinTracker. All future transactions must be imported using either API import or by uploading CSV files.

RECOMMENDED

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 CoinTracker 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 CoinTracker 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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