Coinpanda review
- Federal starting price
- $0
Our verdict
A crypto tax software with support for over 500 exchanges, wallets and blockchains.
But since its pricing starts to deviate from the industry's going rate when you exceed 3,000 transactions, it's best for low-volume traders. Coinpanda doesn't have a plan for those looking for a crypto tax software that supports 5,000 transactions.
If you make more than 3,000 transactions, you'll need to jump straight to its Satoshi plan, which costs $389 for up to 20,000 transactions. In comparison, competitors Accointing, TokenTax and CryptoTrader.Tax all have a plan for 5,000 transactions for $199. And while Coinpanda's Satoshi plan covers up to 20,000 transactions, you can find other software that's cheaper or about the same price for unlimited transactions.
For example, ZenLedger costs $399 for unlimited transactions. This is only $10 more than Coinpanda's Satoshi plan which only allows up to 20,000 transactions. And competitor CoinLedger costs $299 for unlimited transactions, which is $90 less than the Satoshi plan.
Pros
-
Crypto tax reports in under 20 minutes
-
Capital gains report
-
Mining, staking & income
-
Futures & margin trading
-
Tax forms
Cons
-
No mobile app
-
No crypto payments
-
Expensive for frequent traders
Details
Features
| Federal starting price | $0 |
| Transaction limit | 25 to 3,000 |
| Intro or bonus offer | Free trial available |
| Automatic generated tax forms | IRS Form 8949, Income Report, Audit Trail Report, Schedule D, International tax reports |
| Payment options | Credit, Debit, Pay with your tax refund |
At a glance
- Supports over 500 exchanges, wallets and blockchains
- Supports margin trading, NFTs and DeFi
- Portfolio tracker with a personalized dashboard
Coinpanda supports over 500 exchanges
Through API keys and CSV files, Coinpanda casts a wide net by supporting:
- Over 500 exchanges, including Avalanche, Bitcoin, Bitpanda, Changelly, Kraken and Swyftx.
- 75 wallets.
- 125 blockchains.
- 12,000+ cryptocurrencies.
How much does Coinpanda cost?
The number of transactions Coinpanda supports determines its cost.
| Account | Annual cost | Transaction limit | Features |
|---|---|---|---|
| Free | $0 | 25 |
|
| Hodler | $49 | 100 | Everything in the Free plan |
| Trader | $99 | 1,000 | Everything in the Hodler plan, plus:
|
| Pro | $189 | 3,000 | Everything in the Trader plan, plus
|
| Satoshi | $389 | 20,000, with the option of purchasing additional transactions in bundles of 100 for $0.69 | Everything in the Pro plan |
How to sign up for Coinpanda
Start tracking your crypto transactions with Coinpanda in four steps:
- Select Apply now.
- Enter your name, email address and password. Alternatively, log in with Coinbase or Google. Hit Sign up.
- Choose your base currency and home country. Select Save and then Get started.
- Hit Add wallet to start importing your historical transactions.
Eligibility
While anyone with an email can sign up for Coinpanda, it can only calculate taxes for 65 countries, including:
- Australia
- Canada
- New Zealand
- The UK
- The United States
Required information
Creating an account requires your name and email address. You’ll also need your exchange and wallet credentials if you’re importing your transactions via an API key.
7 benefits of Coinpanda
- Supports an impressive number of exchanges. Coinpanda has API and CSV upload support for over 500 exchanges, wallets, blockchains and services — more than most of its competitors like Koinly, which supports 360 exchanges. And it adds new protocols each week.
- Generates three tax reports. While some crypto tax software like Accointing and Taxbit only include Form 8949, Coinpanda generates three ready-to-file tax forms — Form 8949, Schedule D and Schedule 1 — based on your trading activity.
- Supports Defi, NFTs and metaverse. Coinpanda supports DeFi on all blockchains and tracks your NFT transactions from OpenSea.
- Portfolio tracker. Get insight into your crypto portfolio’s value and performance in a personalized dashboard.
- Tax-loss harvesting. Pay less tax with the tax-loss harvesting tool.
- Only pay for tax reports. Create an account and use all of Coinpanda‘s features for free and pay when you’re ready to download your tax reports.
- 7-day refund policy. You’re eligible for a full refund within seven days if you haven’t downloaded your tax report yet and you’re unsatisfied with a bug or issue that Coinpanda couldn’t resolve. While it’s not the most generous refund window we’ve seen — especially next to ZenLedger’s one-year money-back guarantee, it’s better than TokenTax’s no-refund policy.
3 drawbacks of Coinpanda
- No mobile app. While Coinpada has a comprehensive portfolio tracker, it doesn’t have an app like Accointing.
- No crypto payments. Although all major credit cards are accepted, using cryptocurrency to pay for Coinpanda is out of the question. If you want to pay with cryptocurrency, consider another crypto tax software like Koinly or TokenTax.
- Expensive for frequent traders. Coinpanda offers competitive pricing on its Trader and Pro plans. But once you exceed 3,000 transactions, you’ll be out at least $389, with the option to purchase additional transactions in bundles of 100 for $0.69.
How safe is Coinpanda to use?
Coinpanda requests read-only access to your exchanges and wallets, so it can’t make any changes to your crypto holdings. Its services and data are hosted by Amazon Web Services, a leader in cloud web hosting. And Coinpanda turns to Stripe to handle payments, so Coinpanda never stores your payment details.Compare crypto tax accounts
Coinpanda reviews and complaints
Although Coinpanda earns 4.4 out of 5 stars on Trustpilot based on 44 reviews. Several reviewers praise the Coinpanda team for its frequent updates and how quickly it adds support for new protocols.
The primary complaint is slow response times from customer support.
Customer service
Get in touch with Coinpanda customer support by:
- Live chatting with a representative by selecting the messaging icon on its website.
- Emailing support by filling out a ticket on its website.
Note that Coinpanda lists no specific business hours. Each of its contact methods allow you to reach out, but you could wait indefinitely for the next available representative.
Disclosure: The writer owns BAT cryptocurrency as of the publishing date.Your reviews
Kimberly Finder
Writer
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