This article is for everyone that is staking crypto directly on their own, uses a staking service like Kraken.com, Binance, Coinbase, Bitcoin-Suisse or any other broker or exchange and is interested in finding the best crypto staking rewards calculator.

Crypto Staking Rewards Calculator - Accointing

The easiest way to get a nice summary is to use a tool like Accointing that has a crypto staking rewards calculator. The tool calculates all staking rewards automatically and provides a detailed summary report with information about the value at the receiving date and the total staked amount per year. This works for every blockchain and every service by simply connecting the exchange/wallet via API or public address.

For everyone that wants to go deeper into the single transaction, ACCOINTING.com offers an even more detailed section on their report that shows you every single transfer with the correct date, amount and value.

You will see the price/value changes and you can overlay the receiving information of your staking rewards with this graph:

As an example, I used a Kraken Account where you can automatically stake Polkadot (DOT) and Tezos (XTZ) and simply connect it to Accointing in a few clicks: https://www.accointing.com/app/import-data/connect/exchange/kraken

You can check the staking rewards per coin here: https://www.kraken.com/en-us/features/staking-coins

It’s super simple to setup: Just follow the connection steps for your exchange or wallet and start tracking your staking income automatically.

You can analyze the performance of your Staking activity and figure out if it would have been better to sell your staking rewards or just hodl it.

You can always check your staking rewards in the mobile app or the desktop web version of Accointing by Glassnode and you’ll have a full report of your income.

Sign-up for free today and start calculating your staking rewards.

Crypto Staking Rewards Calculator

Classifying your transactions correctly is critical for the accuracy of your tax report. The list below shows the circumstances under which each classification should be applied.

How to Classify Your Crypto Transactions Guide - Accointing

Certain classifications have different tax implications depending on the country you are filing in. If you need country-specific guidance on which classifications lead to a taxable event, you can learn more here: 

How to Classify Your Crypto Transactions Guide

As the world of crypto expands, keeping track of all your investments across different platforms can be challenging. Your holdings’ value constantly fluctuates, making it difficult to know where you stand. Crypto portfolio tracking software helps you stay on top of your investments. In this article, we explain the benefits of using a crypto portfolio tracker and what features to look for when choosing the right tool for your portfolio. Our team of experts has compared the best crypto portfolio trackers in 2023, highlighting the strengths and weaknesses of each option.

Best Crypto Portfolio Trackers in 2023

Crypto portfolio tracking software helps you manage and track your cryptocurrency investments. Using a tool like this makes it easy to keep track of your holdings by automatically importing your transactions from all your crypto wallets and exchanges and tracking their value over time.

Crypto portfolio tracking software provides real-time market data and price tracking, allowing you to stay up-to-date on the latest market trends and make informed decisions about buying and selling your assets. The best tools can also help you understand how your investments have performed historically, which supports you to make future investment decisions.

In addition to providing an all-in-one solution for monitoring your investments, some portfolio tracking software comes with advanced features for portfolio analysis. These features can help you identify the strengths and weaknesses of your crypto portfolio and give you insights into optimizing your crypto investments.

Overall, crypto portfolio tracking software is helpful for anyone investing in cryptocurrency. With the right tracking software, you can stay on top of your investments, make informed decisions, and optimize your portfolio for maximum returns.

If you’re investing in cryptocurrency, you’re likely aware of the market’s volatile and constantly changing nature. The value of your investments can change rapidly, making it difficult to keep track of your holdings and make informed investment decisions. This is where crypto portfolio tracking software comes in.

Here are some of the key benefits of using crypto portfolio tracking software.

Keep track of all your investments in one place

With a crypto portfolio tracker, you can import your transactions from your various crypto wallets and exchanges and track the value of your holdings in real-time. This allows you to see the big picture of your investments and make informed decisions about your portfolio.

Stay up-to-date on the latest market trends

Portfolio tracking software provides real-time market data and price tracking, so you can stay up-to-date on the latest market trends and make informed decisions about buying and selling your assets.

Portfolio tracking software can help you analyze the performance of your portfolio so that you can identify the strengths and weaknesses of your investments. You can view your historical trading by having your entire transaction history available, which can help you optimize your portfolio for maximum returns.

Some portfolio tracking software also offers tax reporting features, which can help simplify the process of filing your taxes.

Overall, crypto portfolio tracking software is essential for anyone investing in cryptocurrency. With the right tracking software, you can stay on top of your investments, make informed decisions, and optimize your portfolio for maximum returns.

What to Look Out for When Using a Crypto Portfolio Tracker?

Now that we’ve covered what crypto portfolio tracking software is and why it’s essential, it’s time to look closely at what to consider when choosing the right software. To ensure that you get the most out of your portfolio tracking experience, you should keep the following factors in mind:

Max Number of Transactions: If you frequently trade in cryptocurrencies, looking for a portfolio tracker that can handle a high volume of transactions is essential. Some portfolio trackers limit the number of transactions that can be imported or tracked, so make sure your chosen software can accommodate your needs.

Supported Integrations: When selecting a portfolio tracker, it’s essential to choose one that supports various exchanges, wallets, and blockchains. The more integrations supported, the easier it will be to track all your investments in one place.

DeFi & NFT Support: If you’re involved in decentralized finance (DeFi) or non-fungible tokens (NFTs), make sure the software supports tracking these assets. As DeFi and NFTs are increasingly becoming popular in the crypto space, a portfolio tracker must be essential to keep up with these trends.

Customer Service: Reliable customer service options are essential when selecting portfolio tracking software. In case you have any questions or issues with the software, you want to be able to get help quickly and easily. Therefore, you should look for software that offers email support, live chat, or anything other than community-based support.

Cost: Cost is another crucial factor when selecting portfolio tracking software. While some portfolio tracking software is free, others may charge a monthly or annual fee. You should ensure that the software offers good value for the cost and consider any additional features or benefits that may be included.

Platform Availability: Consider which platforms the crypto portfolio tracker is available on, whether mobile or desktop. You’ll want to find a portfolio tracker compatible with your preferred platform and determine if it has a native app or is only accessible through the web. This will ensure that the software is accessible and easy to use on the devices you use most.

Tax Reporting: If you plan to use your crypto investments for tax reporting purposes, make sure the portfolio tracker you choose includes features that allow you to easily calculate your capital gains or losses, generate tax reports, and export your data to tax preparation software. This will save you time and effort when filing your crypto taxes and ensure that you comply with tax regulations.

Considering these factors, you can find the best crypto portfolio tracking software for your needs. In the next section, we’ll compare the best crypto portfolio trackers in 2023 based on these criteria.

Now that we’ve discussed the key features to consider when choosing a crypto portfolio tracker let’s take a closer look at how some of the top options on the market stack up. Below is a comparison table of some of the most popular portfolio tracking tools, highlighting key features, integrations, and pricing. Use this table to help you make an informed decision about which portfolio tracker is the best fit for your needs.

Now that we’ve looked at some of the top portfolio trackers in the market and what to look for when choosing one, let’s dive into the pros and cons of each option.

Accointing offers unlimited portfolio tracking, tax reporting, and customer service across all plans. The platform is a complete portfolio management solution for crypto traders and investors, offering a wide range of features like advanced analytics, DeFi & NFT support, and 400+ supported integrations across exchanges and wallets.

Can’t view your entire transaction history from the mobile app

With a robust database of over 7,000 coins and tokens, CoinGecko’s portfolio tracker allows you to monitor your crypto assets on the web or mobile seamlessly. It supports web, iOS, and Android platforms and offers unlimited transactions. However, tax reporting and customer service features are currently unavailable.

Provides little information about the number of integrations or their DeFi support.

CoinMarketCap’s portfolio tracker is a free and simple tool for tracking cryptocurrency holdings. It has unlimited transactions and supports web, iOS, and Android platforms. However, it has limited integrations and does not offer advanced features like tax reporting or customer service.

CoinStats is a robust crypto portfolio tracker that offers real-time market data and personalized news alerts. With its intuitive interface and 70+ supported integrations, CoinStats makes it easy to manage your crypto holdings and monitor the market.

Has a MacOS app available on the Mac App Store

Their mobile app provides widget support.

It doesn’t offer tax reporting. This is only possible via their third-party partnership with CoinLedger announced in 2023

You can only connect a limited number of wallets before paying.

CoinTracker is a comprehensive crypto tax software that helps users calculate and report their crypto taxes. With support for over 300 exchanges and wallets, CoinTracker is a popular choice for traders and investors looking to simplify their tax reporting process.

Integrates well with tax platforms like TurboTax

You can only connect a limited number of wallets.

Expensive monthly subscription, which doesn’t include tax reports in the price.

CoinTracking is an all-in-one crypto portfolio management tool that offers a range of features like trading analysis, tax reporting, and real-time market data. With 100+ supported integrations and a user-friendly interface, CoinTracking is a popular choice for novice and experienced traders.

You can only import 200 transactions before you have to pay

Delta is a sleek and user-friendly portfolio tracker that offers real-time market data and trading analysis across 300+ exchanges. With support for iOS and Android, Delta is an excellent choice for traders on the go.

Only available using their native mobile apps

Koinly is a robust crypto tax software that offers advanced tax reporting and analysis tools. With support for 700+ exchanges and wallets, Koinly is a popular choice for traders and investors looking to streamline their tax reporting process.

Has a large number of supported integrations

Zerion is a DeFi portfolio management tool that helps users track their investments across various decentralized finance protocols. With support for over 10 DeFi protocols and a user-friendly interface, Zerion is an excellent choice for anyone looking to get started with DeFi investing.

Reviewing and optimizing your crypto portfolio for taxes on Accointing is easy with its user-friendly platform and step-by-step guide.

Optimizing your Tax Data with Accointing by Glassnode

Make sure you have set-up all your wallets and tax settings correctly. To begin, navigate to the “Review” tab located on the left-hand side of the platform. This tab houses four sections: “Unknown currencies”, “Identify internals”, “Classify transfers”, and “Missing funds”.

First, head to the “Unknown currencies” tab and check for any coins that can’t be recognized by the platform’s database. If you are familiar with the coin in question, you can add it as a new currency. This will ensure that the platform can accurately calculate the gain or loss on the asset. If the coin is not recognized and you have never heard of it or interacted with it, it may be a scam coin. In this case, you can ask the platform to ignore it.

Next, check for any internal transactions that may have been missed. Internal transactions, which are transfers between two of your own wallets, are not taxable. The platform will flag potential internal transactions, but you should double-check that they are definitely between two of your own wallets. This will ensure that your tax bill is not higher than it needs to be.

To further optimize your portfolio for crypto taxes, you will need to review and classify any transactions that the platform couldn’t do for you. Classifications are labels that tell you why or how a transaction was made and are directly connected to how the assets are taxed. It is important to understand the tax implications of your transactions and to ensure that they are labeled correctly. 

Additionally, you can use the Missing Funds tool to find any missing transactions and make sure that your portfolio is complete. We recommend that you investigate any missing data, however, in the case that you cannot locate the right data, “Fix for me” will add a reconciliation transaction to make sure your portfolio is accurate.

By following these steps, you can stay on top of your crypto tax compliance and ensure that your portfolio is optimized for taxes. 

For additional information on filing your crypto taxes, including 1099 questions, extending your tax return, attachments and filing with multiple tax tools, check out our Crypto Tax Filing Guide 2023.

The information contained in this guide, including any supplemental materials, is for general information purposes and does not constitute financial, investment, legal or tax advice. The present content is not intended as a thorough, in-depth analysis, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. Please consult your tax advisor.

Optimizing your Crypto Tax Data with Accointing by Glassnode

Here's a step by step tutorial on how to set up a free account with Accointing by Glassnode to start tracking your crypto investments from our web and mobile apps and get insights into your portfolio.

Getting Set up with Accointing by Glassnode

Sign up to the platform using your email address or directly through Apple or Google. We recommend signing up regardless of your crypto tax position as the free plan allows you to track your crypto investments across our web and mobile apps and you can get some great insights into your portfolio.

Once you’re set up, connect all of your wallets and exchanges. To add a wallet, head to the wallet tab and click “add new.” Find the wallet you want to add, for example, Metal Mask, and choose to connect it through the wallet address. We recommend using the wallet address as it automatically pulls the information directly from the blockchain and saves you from having to manually type everything out.

To add an exchange, head to the exchange tab and use the API to upload your exchange accounts. We recommend uploading your exchange accounts via API as it saves you a lot of stress in the long run. You’ll need the API key and the secret key, which you generate from the exchange itself. If you find yourself getting stuck on this step, head to our YouTube Channel and the right video will be there for you.

Double-check that the balances shown on the platform match your actual balances to ensure the data you’re importing is accurate. It’s essential that there are no missing transactions or wallets for the platform to calculate your crypto taxes accurately.

In order to ensure accuracy and optimize your taxes, you should complete the review steps.

Don’t forget to navigate over to the settings tab and select the proper tax settings based on your jurisdiction. 

Once you’ve uploaded all of your wallets and exchanges, completed the review steps and selected the proper tax settings, the platform will be able to generate an accurate report for you. 

With Accointing by Glassnode, tracking your crypto taxes has never been easier. 

Are you a crypto investor or trader looking to choose the best crypto tax tool for your needs? With the surge of interest in digital assets, it’s no surprise that the tax implications of crypto investments have come under scrutiny by governments worldwide. This is where crypto tax software comes in. 

Best Crypto Tax Software in 2023

Using a comprehensive crypto tax tool can save you time, money, and headaches by automating the tax reporting process and providing accurate calculations. But with so many options on the market, how do you choose the right one for you? 

In this article, we’ll walk you through everything you need to know about crypto tax software and help you pick the best solution for your needs.

Cryptocurrency tax software is a tool that helps crypto investors and traders calculate and report their taxes. With the rise of cryptocurrencies in recent years, tax authorities worldwide have started paying closer attention to the tax implications of buying, selling, and trading digital assets.

Such software solutions often include a portfolio tracking functionality to automatically import data from crypto exchanges, wallets, and other sources. Users save time and effort otherwise spent on manually collecting their transaction history. This integration also allows the software to support a wide range of cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Litecoin, as well as lesser-known altcoins and tokens. 

Additionally, the best crypto tax software solutions offer real-time market data and portfolio analysis, which helps investors and traders make more informed decisions about their cryptocurrency holdings.

Apart from portfolio tracking features, crypto tax software provides users with tools for cost-basis tracking, transaction classifications, and report generation. These features make it easier to calculate your gains and losses on cryptocurrency transactions and generate accurate crypto tax reports.

If you buy, sell, or trade cryptocurrencies and want to stay compliant with tax regulations, using a crypto tax tool is essential. 

Accointing stands out as a leader among the various options available due to its comprehensive features, user-friendly interface, and reliable customer support.

Using a tax calculator can save you time and reduce the stress of calculating your taxes by automatically importing data from your crypto wallets, exchanges and other sources. These tools support a wide range of cryptocurrencies and often provide real-time market data and portfolio analysis to help you make more informed decisions about your cryptocurrency holdings.

In addition, by using crypto tax software, you can ensure that you accurately report your cryptocurrency transactions and pay the right amount of taxes. A good crypto tax calculator will help you stay compliant with tax regulations and save you money on taxes via tax loss harvesting.

Do you understand the perks of crypto tax software but still have doubts as to whether you need it or not? . Here’s a list of several compelling reasons why you should opt for a crypto tax calculator.

One of the most compelling reasons to use crypto tax software is to improve accuracy in tax reporting. Crypto transactions can be complex and challenging to track, and manually calculating cryptocurrency taxes is often prone to errors and omissions. 

A quality crypto tax tool ensures that all relevant information is accounted for, including gains and losses from trades, fees paid to exchanges, and other taxable events. This way you’ll avoid under-reporting or over-reporting your taxes, which reduces the risk of audits or penalties from tax authorities.

Manual calculation of cryptocurrency taxes can be time-consuming and tedious, especially for traders who engage in frequent transactions across multiple exchanges. Crypto tax software automates collecting and categorizing transaction data from exchanges, wallets, and other sources. This saves users significant time and effort, allowing them to focus on their trading strategies and other more exciting activities.

Tax authorities worldwide are already paying close attention to cryptocurrency tax reporting. Failing to accurately report crypto gains or losses can get you in trouble. costly penalties or fines. By using crypto tax software, investors and traders can ensure that they comply with tax regulations and avoid the risk of noncompliance. Additionally, many crypto tax software solutions provide tax reports that comply with specific countries’ tax laws, making it easy for users to file their taxes correctly.

Many crypto tax software solutions offer powerful portfolio management tools to help investors and traders make more informed decisions about their cryptocurrency holdings. These tools can provide real-time market data, performance tracking, and cost basis tracking. By having a comprehensive view of their portfolio, users can better understand their investment performance, identify areas for improvement, and make more strategic trading decisions.

By storing users’ data in secure, encrypted servers, crypto tax software can help protect users’ privacy and prevent unauthorized access to their sensitive financial information. This is especially important in an industry that has experienced numerous hacks and security breaches in recent years. By using a trusted cryptocurrency tax calculator, users can have peace of mind knowing that their data is secure.

What to Look out for When Using Crypto Tax Software?

Different crypto tax tools pack different features at varying levels of quality. How to choose the best crypto tax tool out there? When selecting a crypto tax software to buy, it’s essential to consider several factors to ensure it meets your specific needs and helps you comply with tax regulations. Here are the key features to look out for in a crypto tax tool.

Make sure that the crypto tax software you go for supports tax reports for your country of residence. Some solutions have limited functionality in specific regions and may not cover  the jurisdiction where you’re reporting.

A quality crypto tax solution allows you to export files to the tax filing platform of your choice, such as TurboTax or TokenTax for the US. In addition, your tax tool should support different accounting methods like FIFO (First In First Out) and LIFO (Last in First Out). 

Look for a software solution that can integrate with your preferred exchanges, wallets, and other data sources to ensure that all of your transactions are tracked. Some tools may only support the bigger exchanges such as Binance and Coinbase, so it’s important you check if they have the integrations you need before deciding to purchase. You must have a complete view of your crypto portfolio for tax reporting purposes.

If you trade in decentralized finance (DeFi), ensure that the crypto tax software can accurately track your transactions and generate reports for these activities. Check whether the software supports more advanced DeFi transactions, such as staking or NFT trading, as not all solutions offer these features.

Good customer support is essential when using any software, including crypto tax software. You don’t want to find yourself stressing over how to use your crypto tax app before the tax filing deadline. Choose a solution that provides timely and helpful customer support, such as through email or live chat, rather than just public forums or community chat.

Most crypto tax software solutions limit the number of transactions you can import, which can be an issue if you have a high volume of trades. Consider your trading activity and choose a solution that can accommodate your needs.

The cost of crypto tax software can vary significantly. Consider the software’s features, accuracy, and support when assessing value for money. Some solutions offer free tiers, while others have subscription-based pricing, so choose one that meets your budget.

Considering these factors, you can select a crypto tax software solution that meets your needs and helps you comply with tax regulations. Remember that different solutions may prioritize various features, so choosing the best fit your specific requirements is essential.

Now that you know what to look out for when choosing a crypto tax software solution, let’s compare some of the top options on the market. Below, you’ll find a detailed comparison of the key features, pricing, and other essential factors to help you make an informed decision.

The comparison table above provides a quick overview of some of the more popular crypto tax software options available today, and how they compare across a number of key features such as supported countries, integrations, customer service, transaction limits, and cost. Now, let’s dive deeper into the specific features and benefits of Accointing and its competitors.

If you’re looking for a reliable and comprehensive crypto tax software solution, Accointing is a popular choice. With support for 6 countries and over 400 integrations, it’s a versatile option that can handle a range of cryptocurrency transactions. Accointing’s inclusion of DeFi and NFT support sets it apart from some other competitors, and its pricing includes customer service to help ensure a smooth tax season.

Accointing is a top choice among crypto tax software options due to its robust functionality, including cost-basis tracking, transaction classifications, and report generation, as well as its ease of use and outstanding customer support. Additionally, Accointing’s DeFi and NFT support is included in all plans, and their customer service is available for all users.

– Customer service is included in the pricing

– Cant generate reports that include more than 50,000 transactions

CoinLedger is a solid choice for those looking for a crypto tax software solution that supports a wide range of countries and integrations. With support for 16 countries and over 400 integrations, CoinLedger is well-suited to handling diverse cryptocurrency portfolios. CoinLedger also includes customer service in its pricing, making it a user-friendly option.

– Pricing is not transparent as it requires in-app purchases to increase transaction limit

– Available plans do not include very many transactions

While CoinTracker may support fewer countries than some competitors, its robust support for over 500 integrations makes it a strong option for many cryptocurrency users. Additionally, CoinTracker includes DeFi and NFT support, ensuring it can handle even complex transactions. While some of its pricing plans limit access to customer service, it may still be a worthwhile choice for those seeking a feature-rich crypto tax software solution.

– Plans are more expensive than most competitors

– Customer service only included in more expensive plans

CoinTracking is a crypto tax software solution that supports seven countries and over 100 integrations. It offers support for DeFi and NFT transactions, and customer service is included with certain plans. With CoinTracking, you can track an unlimited number of transactions and generate reports that can help you file your taxes accurately. CoinTracking’s pricing ranges from free to 9.99 per month, depending on the plan you choose.

– Offers support for unlimited transactions

– Customer service is only available to paying users

Koinly’s broad support for 8 countries and over 500 integrations makes it a versatile option for many cryptocurrency users. Its inclusion of DeFi and NFT support, along with customer service in its pricing, add to its appeal. Additionally, Koinly’s pricing plans offer generous transaction limits, making it a solid option for frequent traders.

– Higher amounts of vendor lock-in by limiting data exports

While ZenLedger may be limited to the United States, its broad support for over 500 integrations makes it a strong choice for many U.S.-based cryptocurrency users. Its inclusion of DeFi and NFT support, along with a range of pricing plans to suit different users, make it a versatile option. However, it’s important to note that customer service is available for an additional cost, so users should factor that into their decision-making.

– Only provides tax reports for users in the United States

– Only supports DeFi and NFT transactions on higher tier plans

– Customer service is only provided at an additional hourly cost

Don’t let tax season stress you out! With the right crypto tax software, you can simplify your tax preparation and reporting process and ensure compliance with tax regulations. We’ve covered everything you need to know about selecting the right crypto tax software, including what to look for and how different solutions compare. Now it’s time to take action and sign up for a free trial with the solution that meets your needs. By doing so, you can take control of your crypto taxes and focus on what really matters – growing your crypto portfolio.