Finding a crypto tax tool that fits your needs can take some time and effort. Two leading platforms in this space are Blockpit and Cointracking, each offering a range of features to calculate, optimize, and report crypto taxes for investors like you.
While there are many similarities between these two crypto tax calculators, there are some important differences when it comes to asset support, integrations, pricing structure, and special features.
Read on to learn why crypto investors are making the switch from Cointracking to Blockpit!
Key Facts
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>Pricing</td>
<td>Starting at 49$</td>
<td>Starting at 120$</td>
</tr>
<tr>
<td>Free Version?</td>
<td>Free portfolio tracking with full functionality</td>
<td>Free portfolio tracking, limited tax reporting, manual import only</td>
</tr>
<tr>
<td>Supported Assets</td>
<td>300,000+</td>
<td>31,000+</td>
</tr>
<tr>
<td>Mobile App</td>
<td>Free for iOS and Android</td>
<td>Not available</td>
</tr>
</table>
</figure>
Crypto Tax Reporting
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>Complete PDF Tax Report</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Supported Countries</td>
<td>60+</td>
<td>60+</td>
</tr>
<tr>
<td>Pre-Filled Tax Forms</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Income Overview</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Capital Gains</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Derivatives</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Cost Basis Methods</td>
<td>FIFO, ACB, Shared Pool</td>
<td>13</td>
</tr>
<tr>
<td>Additional Explanation for Tax Authorities</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Tax Optimization Features</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>
Blockpit and Cointracking both provide robust solutions for crypto tax reporting, but Blockpit's features give it a clear edge as a Cointracking alternative.
One of Blockpit's standout features is its ability to generate a complete tax report in PDF format, ready for submission as part of your tax return. This is a significant time-saver, as it eliminates the need for manual compilation and ensures accuracy.
You can view examples of the Blockpit PDF Reports here: Sample Tax Reports
Both Blockpit and Cointracking support a wide range of crypto tax frameworks from over 60 countries around the world, ensuring accurate crypto tax calculations based on a variety of cost basis methods. Blockpit even goes a step further, pre-filling the relevant tax forms with the tax-relevant information to make filing as easy as possible. Learn more about country-specific reporting in the next section.
While both crypto tax tools provide overviews for crypto income and capital gains, Blockpit also supports reporting for derivatives.
Additionally, Blockpit provides advanced Tax Optimization Features, highlighting opportunities to optimize your portfolio and offset losses.
Country-Specific Reporting
<figure class="block-table">
<table>
<tr>
<th>Country</th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>USA (IRS forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>UK (HMRC forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Germany (BZSt forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Canada (CRA forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>France (DGFiP forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Spain (AEAT forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Italy (Agenzia Entrate forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Austria (BMF forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Netherlands (Belastingdienst forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Switzerland (FTA forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Denmark (Skattestyrelsen forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>Finland (Vero Skatt forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>Belgium (SPF forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
Country-specific tax reporting is a key feature for any crypto tax calculator and should be one of the main points to evaluate when looking for an alternative to Cointracking.
Both Blockpit and Cointracking cover a wide range of local tax frameworks, placing them at the top of the list of global crypto tax calculators. This includes support for IRS forms for the USA, HMRC forms for the UK, BZSt forms for Germany, and many others.
While Cointracking supports several international tax forms, it lacks coverage in some key European countries, like France, Switzerland or Austria.
Portfolio Tracking
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>Free Portfolio Tracking</td>
<td>✅</td>
<td>✅, but limited to 200 transactions</td>
</tr>
<tr>
<td>Historical Price Info</td>
<td>14 years</td>
<td>15 years</td>
</tr>
<tr>
<td>Advanced Performance Indicators</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>NFT Gallery</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>
Blockpit and Cointracking both offer a free crypto portfolio tracker to track and analyze your crypto portfolio in one place.
The key differences lie in Cointracking’s transaction limitation (you can only import 200 transactions in the free plan) and its limited support for digital assets. Cointracking only supports around 30,000 digital assets, while Blockpit’s asset coverage includes a whopping 300,000 digital assets.
NFT fans may be interested in Blockpit’s NFT Gallery, which showcases any collectibles in your portfolio and provides useful additional information about their values.
Integrations
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>Exchange Integration</td>
<td>160+</td>
<td>300+</td>
</tr>
<tr>
<td>Chain / Wallet Integrations</td>
<td>250+</td>
<td>200+</td>
</tr>
<tr>
<td>On-Chain Import Limitations</td>
<td>No Limitations</td>
<td>Some Limitations, dependent on plan</td>
</tr>
<tr>
<td>DeFi Protocol Integrations</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Auto-Sync</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>CSV Upload</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
The number and types of integrations are crucial in crypto tax solutions as they eliminate the need for manual data entry, significantly reducing the risk of errors and time required to maintain your portfolio.
Both Blockpit and Cointracking cover an exhaustive list of crypto exchanges, wallets and blockchains. We have to give props to Cointracking for their vast support of even the most obscure exchanges!
Have a look at our integrations list to see if Blockpit covers your needs: Blockpit Integrations
Both platforms support DeFi and auto-sync features, but Blockpit's broader range and lack of import limitations make it a popular Cointracking alternative as amore flexible and user-friendly option for crypto investors.
Supported Assets
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>Supported Digital Assets</td>
<td>300,000+</td>
<td>31,000+</td>
</tr>
<tr>
<td>LP Token</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Derivatives</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Commodities</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>NFTs</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>FIAT</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Spam Token Filter</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>
When it comes to the raw number of supported assets, Blockpit hits it out of the park. Blockpit offers extensive support for over 300,000 digital assets, including LP token, derivatives, commodities, and NFTs to ensure coverage for all types of crypto investments.
This wide range allows you to accurately track and report your entire portfolio, regardless of asset type. In comparison, Cointracking supports around 31,000 digital assets, which is significantly fewer.
Additionally, Blockpit features a spam token filter to enhance portfolio accuracy by excluding irrelevant tokens. This wide asset support and easy filtering make Blockpit a better choice for investors who want simple and accurate management of their diverse cryptocurrency portfolios.
DeFi, Futures, Margin
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>DeFi Support</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Staking</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Lending / Borrowing</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Add / Remove Liquidity</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Futures & Margin Trading</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
The rise of crypto brought in the era of decentralized finance and with it came many new and revamped financial products, services and applications. Most crypto tax calculators offer a basic support for these types of transactions, and Blockpit and Cointracking are no exception.
Blockpit supports a wide range of DeFi activities, including staking, lending, borrowing, and liquidity management. It also handles futures and margin trading, ensuring widespread coverage of all trading activities. Cointracking offers similar features but lacks some advanced functionalities, making Blockpit a more robust alternative.
Customer Support
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Cointracking</th>
</tr>
<tr>
<td>Live Chat</td>
<td>✅+ Smart Tax Bot</td>
<td>⛔+ Normal Chat Bot</td>
</tr>
<tr>
<td>Crypto Tax Guides</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Email</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Community</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Help Center</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Webinars</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>
Crypto tax can be a complex topic for many, with an ever changing regulatory landscape and a ton of very specific edge cases and scenarios. Unfortunately, Cointracking isn’t doing a lot to support their users on their way to their crypto tax return. Cointracking offers email support and a basic chat bot but lacks live chat and community support. Their tax guides provide only a high-level overview of crypto tax regulations.
Blockpit offers robust customer support with their recently launched smart tax bot, email assistance and a comprehensive help center. The smart tax bot has been trained on crypto tax regulation and can answer questions with specific tax information.
Additionally, Blockpit is known for its growing community of crypto investors and tax experts and hosts regular webinars to provide valuable insights, answer questions, and help users maximize their platform experience.
Why Blockpit Is the Best Cointracking Alternative for Your Crypto Tax Report
Blockpit stands out as the top alternative to Cointracking for several compelling reasons. Its comprehensive tax reporting capabilities, including complete PDF tax reports and support for various international tax forms, streamline the tax preparation process, saving users significant time and effort. Blockpit’s competitive pricing structure, starting at €49 per year, offers excellent value without sacrificing quality or features.
Customer support is another area where Blockpit shines, providing a smart tax bot, a community forum, webinars and much more. This comprehensive support network ensures users have access to help and resources whenever needed. Blockpit’s user-friendly interface and advanced features, such as tax optimization tools and real-time portfolio tracking, make it a community favorite.
If you’re looking for a reliable, efficient, and cost-effective tax solution, Blockpit is the superior choice, offering distinct advantages that make it the best alternative to Cointracking.
