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The Best CoinTracking Alternative

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

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Are you looking for a crypto tax calculator to help you report crypto taxes? If you are deciding between CoinTracking and Coinpanda, this comparison guide may help you determine which platform is best for your specific needs.

Integrations

CoinTracking supports the majority of the most popular exchanges today. However, it does not seem to support smaller and lesser-known exchanges. At the time of writing this article, CoinTracking’s total number of supported exchanges and wallets was 132 and 9, respectively.

Coinpanda is the clear winner when it comes to integrations, with 900+ integrations today compared to CoinTracking’s 163.

CoinpandaCoinTracking
Total integrations900+163
Supported exchanges473132
Supported wallets1589
API integrations370Unknown
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 CoinTracking and Coinpanda which both support the most common transactions, but there are some important differences to be aware of.

In general, Coinpanda will automatically detect and categorize complex DeFi and NFT transactions more accurately than CoinTracking. Because CoinTracking also supports very few blockchains, you may find yourself unable to import transactions from many of the most popular 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.

CoinpandaCoinTracking
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 CoinTracking does.

CoinTracking also does not have an NFT center like Coinpanda which lets you view all NFTs and their associated cost basis.

Coinpanda NFT center

Portfolio tracking

Both CoinTracking 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.

CoinTracking also has features for detailed portfolio insights. If you are simply looking for a portfolio tracker, you will most likely be very satisfied using either CoinTracking or Coinpanda.

Coinpanda dashboard

Futures and margin trading

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

However, because CoinTracking supports only a limited number of integrations with trading platforms, you might not be able to import futures transactions automatically and accurately.

Because of this, we encourage you to try both CoinTracking 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 CoinTracking 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.

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

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

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

If you report 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 CoinTracking. You can also export a CSV file compatible with TurboTax and TaxAct.

However, anyone outside the US will find that CoinTracking 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

CoinpandaCoinTracking
Portfolio trackingCheck greenCheck green
Transaction detailsCheck greenCheck green
Cost analysisCheck greenCheck green
Capital gains previewCheck greenCheck green
NFT centerCheck greenCross grey
Tax reportsCheck green 25 transactionsCheck green 100 transactions

The free plan offered by both CoinTracking and Coinpanda lets you explore most features before deciding to upgrade to a paid tax plan. The free plans come with complete portfolio tracking, access to transaction details and cost analysis, and much more.

In fact, there is not much that separates the free plan on CoinTracking and Coinpanda, except that CoinTracking has a slightly higher transaction limit for exporting tax reports. On the other hand, Coinpanda offers an NFT center which CoinTracking does not have.

Pricing

CoinTracking and Coinpanda have similar pricing plans. The amount you pay depends on the total number of transactions for a specific tax year. 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, we hope you have gained insight into some of the most important differences between CoinTracking and Coinpanda.

One key decision factor may be that Coinpanda has more integrations than CoinTracking does today. This is important since unless you want to spend hours manually importing your transactions in CoinTracking, 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 CoinTracking!

If you are already a CoinTracking 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 CoinTracking account. Next, upload this file to a CoinTracking 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 CoinTracking. 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 CoinTracking 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 CoinTracking 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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