The Best CoinTracking Alternative

Are you ready to make the switch to the most accurate and easy-to-use crypto tax software that exists today? Learn what separates Coinpanda from CoinTracking and how to migrate all your transactions to Coinpanda easily!

In this article, we will break down the most important reasons why you should consider moving from CoinTracking to Coinpanda. We will also explain in more detail how to make the switch to the most accurate tax solution.

Supported exchanges and blockchains

CoinTracking supports the majority of the most popular exchanges and blockchains that exist today. However, they seem to not support smaller and lesser-known exchanges. At the time when writing this article, the total number of supported exchanges and blockchains by CoinTracking is 53 and 21 respectively. It is therefore no doubt that Coinpanda has direct API integration with a lot more exchanges and blockchains than CoinTracking currently does.

Tax PlatformExchangesBlockchainsWallets
CoinTracking53219
Coinpanda 400+ 125 185+

However, the most important thing to consider when choosing between CoinTracking and Coinpanda is which platform supports your exchanges, blockchains, and wallets. Coinpanda is adding support for new API integrations each week, so reach out to support if you have questions about an exchange or blockchain we don’t support just yet!

DeFi and NFTs

DeFi has skyrocketed in popularity and adoption the past year, and you might be in the situation where you need help with figuring out your taxes for everything DeFi, liquidity mining, and staking! Luckily, both CoinTracking and Coinpanda can help you in this area, but there are some important differences you must be aware of.

Based on feedback from our users and also from what we have observed ourselves, CoinTracking does not always handle DeFi transactions correctly for tax purposes. Especially liquidity mining doesn’t seem to be imported and treated correctly for cost basis and capital gains calculations. Ethereum and other DeFi ecosystems are very complex, so it’s critical that you chose a tax platform that is able to import all your transactions correctly.

Tax Platform Liquidity miningStakingNFTs – EVM chains*NFTs – Cardano
CoinTracking Few pools/protocols Partly No No
Coinpanda Most pools/protocols Partly Yes Yes

* Ethereum including all EVM chains like Binance Smart Chain, Polygon, Avalanche, Fantom, Arbitrum, Moonriver, etc

When it comes to NFT support, there is a clear winner: CoinTracking does not support NFTs for tax calculations at the time of writing, while Coinpanda does this for Ethereum and all other EVM chains including Binance Smart Chain, Polygon, and Avalanche!

After adding your public address to Coinpanda, you will be able to see all your NFT transactions on the Transactions page including a free preview of the gain/loss for every transaction. As a bonus, Coinpanda has also support for NFTs on Cardano.

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 which might be something you should consider. If you are simply looking for a portfolio tracker, you will most likely be very satisfied using either CoinTracking or Coinpanda.

Customer support

Crypto taxes are no joke, and depending on how many transactions you have, you might find yourself spending quite a lot of time getting your reports accurate. While both CoinTracking and Coinpanda provide similar support features, there are some important key differences you must be aware of.

CoinTracking does not offer live chat for any of its users. However, they do offer free email support to all users. Coinpanda, on the other hand, offers 100% free support, including live chat, to all users whether they have upgraded their tax plan or not. This is something you must consider if getting the appropriate help and support is important to you.

Tax Platform Live ChatEmail SupportForum SupportHelp Center
CoinTracking No All users No Yes
Coinpanda All users All users All users Yes

CoinTracking does not seem to have a community forum as Coinpanda has.

Both platforms have an extensive help center with published help articles that explain most of the functionality, how to troubleshoot missing transactions, and how to import transactions from different exchanges and blockchains.

Pricing

The pricing works quite differently for CoinTracking and Coinpanda. While Coinpanda offers pricing plans with lifetime access for each tax year, CoinTracking has a monthly or yearly subscription fee. That means you will no longer have access to prior tax reports once your subscription has ended.

Both CoinTracking and Coinpanda offers a free plan that lets you export all the different tax reports and tax forms.

Tax Platform Free planPlan 1Plan 2Plan 3Higher limit
CoinTracking 200 txs$132
3,500 txs
$204
20,000 txs
$264
50,000 txs
$330
100,000 txs
Coinpanda 25 txs$49
100 txs
$99
1,000 txs
$189
3,000 txs
$389
20,000 txs

How to switch from CoinTracking to Coinpanda

Method 1

You have two options for importing your CoinTracking data to Coinpanda:

  1. Closing Position Report
  2. Transaction History

Closing Position Report

The Closing Position Report is an overview of your total holdings at the end of the tax year including the acquisition price (cost basis). Coinpanda will use this data to calculate your capital gains when you sell your crypto assets in the future.

  1. Log in to your CoinTracking account
  2. Click on ‘Tax Report’ in the menu
    (https://cointracking.info/tax/)
  3. Scroll down to ‘Overview of all created Tax Reports’ and click on ‘Load Report’ for the report you wish to export
  4. Scroll down to ‘Closing Position Report’ and click on ‘CSV Download’
  5. Upload the CSV file to Coinpanda

You will need to generate a tax report before you can export the Closing Position Report. Tax reports can be generated from the ‘Create a new Tax Report’ window on the Tax Report page.

Transaction History

The second alternative is to upload a CSV file with your complete transaction history from CoinTracking. Coinpanda will automatically classify and tag all transactions so that they are imported correctly.

  1. Log in to your CoinTracking account
  2. Click on ‘Enter Coins’ in the menu
    (https://cointracking.info/enter_coins.php)
  3. Click on ‘Export’ and then ‘CSV’
  4. Scroll down to ‘Closing Position Report’ and click on ‘CSV Download’
  5. Upload the CSV file to Coinpanda

We accept only CSV files in English at the moment. If necessary, please change your language before exporting the file from CoinTracking.

RECOMMENDED

Method 2

Connect your exchange accounts and wallets to Coinpanda and import all your transactions from all 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 be imported in 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 contact our support team and they will guide you through the process.

Click the button below to sign up 100% free with Coinpanda:

JOIN COINPANDA

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