Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
What is BearTax?
BearTax is a cryptocurrency portfolio tracker and tax tool. It tracks exchange deposits and trades to automatically calculate your gains and losses from cryptocurrency trades. This makes life much easier come tax time.
BearTax uses a smart matching algorithm to automatically tie together deposits and trades to calculate profits or losses. Where its algorithm cannot confidently do this, it will ask you to manually confirm.
The end result is that it does the hard work for you, but doesn’t action and process the same kinds of mistakes a fully automated system might.
To use it, you can either plug in your exchange API keys so it can automatically get your trading history or you can manually upload your trading records to BearTax as a CSV or Excel document.
How to use BearTax
How much does it cost to use BearTax?
The tiers for BearTax’s plans are primarily determined by the number of transactions you want to track. Plans are charged per tax year and in USD.
As of June 17, 2019, BearTax’s pricing structure is as follows:
Key features of the BearTax cryptocurrency tax calculator
There are several features to pay attention to when you’re looking for the best cryptocurrency portfolio tracker for your needs.
What does it track?
BearTax calculates your gains and losses from crypto trades over the course of a financial year. It does this by tracking crypto purchases, deposits and trades across multiple exchanges.
How do I sync it?
You can use your exchange API keys to automatically sync your trading data with BearTax. But if you don’t want to hand over your exchange API keys or are using an unsupported exchange, you can download a CSV or Excel document of your trading history from the exchange and then upload that to BearTax.
What exchanges does BearTax support?
Even if BearTax does not directly support an exchange, you can still manually upload CSV or Excel files of your trades made on that exchange.
With supported exchanges, you can track trades automatically. The cryptocurrency exchanges BearTax supports include:
In a nutshell
- Flexible. You can use API integrations or manually upload trade data.
- Wide exchange support. BearTax supports a wide range of exchanges through API and almost all via manual document uploads.
- Smart. The BearTax smart matching algorithm errs on the side of caution by asking for manual confirmation if it’s unsure.
- Limited by transactions. The tiers are based on transaction numbers, so people who frequently trade low volumes may not find it suitable.
- Value may vary. Whether BearTax offers good value for your money depends on your situation.
Compare BearTax against other crypto portfolio tracker appsPrice disclaimer: Last verified June 17, 2019. Prices are subject to change and should be used as a general guide only.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.