Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
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. In situations 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
The first step is to go to the site and create an account. You will need to enter your name, email, country and choose a password.
Select your exchanges and, where available, choose whether you want to API import or manually upload your trades.
Once you’ve uploaded your transactions, you calculate your gains and losses.
The first step is to upload and review them, the second is to run the calculator and the third is to review the information.
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 17 June 2019, BearTax’s pricing structure is as follows:
Plan
Transactions tracked
Annual cost
Dollar
20
US$0.99
Basic
200
US$29.99
Plus
999
US$59.99
Ultimate
Unlimited transactions
US$199.99
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 CXV or Excel files of your trades made on that exchange.
With supported exchanges, you can track trades automatically. The cryptocurrency exchanges BearTax supports includes the following:
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.
Cons
Limited by transactions. The tiers are based on transaction numbers, so people who frequently trade low volumes may not find it suitable unless they pay for the highest plan (Ultimate).
Value for money may vary. Whether BearTax offers good value for money depends on your situation.
Compare BearTax against other crypto portfolio tracker apps
Price disclaimer: Last verified 17 June 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.
Andrew Munro is the cryptocurrency editor at Finder. He was initially writing about insurance, when he accidentally fell in love with digital currency and distributed ledger technology (aka “the blockchain”). Andrew has a Bachelor of Arts from the University of New South Wales, and has written guides about everything from industrial pigments to cosmetic surgery.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
