In this article, we will break down the most important reasons why you should consider moving from Kryptosekken to Coinpanda. We will also explain in more detail how to make the switch to the most accurate tax solution.
Supported exchanges and blockchains
Kryptosekken seems to only support 20 exchanges with API sync today. They also only have direct API integration with two blockchains (Bitcoin and Ethereum) and two wallets (Exodus and Ledger). At the time of writing, Coinpanda has API integration with more than 150 exchanges and 125 blockchains in total.
It is therefore very likely that the best choice for you will be Coinpanda if you have traded on many different exchanges and if you have wallets on several blockchains.
File upload: 74
|Coinpanda|| API: 150+|
File upload: 400+
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 Kryptosekken 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, Kryptosekken does not always handle DeFi transactions correctly for tax purposes. 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 mining||Staking||NFTs – EVM chains*||NFTs – Cardano|
When it comes to NFT support, there is a clear winner: Kryptosekken 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.
Both Kryptosekken 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, but keep in mind that Kryptosekken only supports very few of the exchanges and blockchains supported by Coinpanda.
The key difference to be aware of is that Kryptosekken only offers very basic tracking which only shows your total portfolio balance. Coinpanda, on the other hand, offers much more advanced portfolio tracking and insights. The Dashboard page on Coinpanda gives you a full overview of your total portfolio holdings and the latest movements in the crypto market.
If choosing a tax platform that also offers a solid and robust portfolio tracking feature is of importance, you should most likely consider Coinpanda before Kryptosekken for these reasons.
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 Kryptosekken and Coinpanda provide similar support features, there are some important key differences you must be aware of.
Kryptosekken seems to only offer live chat from time to time, and it’s not entirely clear during which hours it is possible to send them a message directly from the chat bubble. However, they do offer free email support to all users. Coinpanda offers 100% free support, including live chat that is open 24/7, 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 Chat||Email Support||Forum Support||Help Center|
|Coinpanda||All users||All users||All users||Yes|
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.
Both Kryptosekken 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 which you have upgraded. Both platforms have also custom plans for users with a large number of transactions exceeding the lower plans seen in the table below.
|Tax Platform||Free plan||Plan 1||Plan 2||Plan 3||Higher limit|
How to switch from Kryptosekken to Coinpanda
If you are already a Kryptosekken user and want to switch to Coinpanda, you have two options:
Export an XLSX file with your complete transaction history from your Kryptosekken account. Next, upload this file to a Kryptosekken wallet in your Coinpanda account. Coinpanda will automatically detect and categorize your transactions similar to how they were imported to Kryptosekken. All future transactions must be imported using either API import or by uploading CSV or XLSX files.
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 Kryptosekken 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 Kryptosekken to Coinpanda – 100% free of charge! If you have questions, please contact our support team and they will guide you through the process.