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.
Coinpanda | CoinTracking | |
---|---|---|
Total integrations | 900+ | 163 |
Supported exchanges | 473 | 132 |
Supported wallets | 158 | 9 |
API integrations | 370 | Unknown |
Major platforms/blockchains |
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.
Coinpanda | CoinTracking | |
---|---|---|
General DeFi | ||
Staking | ||
Lending/borrowing | ||
Add/remove liquidity | ||
NFTs |
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.
Coinpanda | CoinTracking | |
---|---|---|
Live chat | ||
Email support | ||
Forum support | ||
Help Center |
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
Coinpanda | CoinTracking | |
---|---|---|
Complete Tax Report (PDF) | ||
Income and expense report | ||
USA, IRS forms | ||
UK, HMRC report | ||
Australia, ATO report | ||
Canada, CRA report | ||
France, Formulaire 208 | ||
Sweden, K4 blankett | ||
Japan, total cost basis |
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
Coinpanda | CoinTracking | |
---|---|---|
Portfolio tracking | ||
Transaction details | ||
Cost analysis | ||
Capital gains preview | ||
NFT center | ||
Tax reports |
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!