Once assets are acquired across multiple exchanges and wallets (both centralized and DeFi), the need for aggregation and compliance becomes paramount. These tools consolidate data for accurate reporting and performance review.
Dedicated Portfolio Trackers
- Coin Stats / Delta:
- Focus: Mobile-first, seamless synchronization of holdings across a vast network of centralized exchanges (CEXs), wallets (e.g., MetaMask), and DeFi protocols.
- Key Feature: Providing a unified, real-time Net Worth view, tracking true Profit/Loss, and setting custom price alerts. Delta, in particular, excels at tracking a diversified portfolio (stocks, ETFs, and crypto) in one place.
- Coin Tracking (The Veteran):
- Focus: Known for its robust and detail-oriented approach to transaction tracking.
- Features: Supports over 300 imports (APIs/CSVs), offers 25+ custom performance reports, and has a dedicated trade analysis module.
Crypto Tax Software
- The Critical Requirement: Due to the complexity of calculating capital gains and losses from trades, swaps, staking rewards, and yield farming, dedicated tax software is essential for compliance in most jurisdictions.
- Koinly:
- Strengths: Widely praised for its ease of use and simple setup. It handles complex DeFi and NFT transactions and integrates with major exchanges/wallets.
- Output: Generates comprehensive tax reports (e.g., for IRS, HMRC) using various cost-basis accounting methods (e.g., FIFO, LIFO, HIFO).
- CoinLedger (formerly CryptoTrader.Tax):
- Strengths: Known for its user-friendly interface and direct integration with platforms like TurboTax, streamlining the final tax filing process.
- ZenLedger / CoinTracker:
- Strengths: Comprehensive support for a wide range of complex activities, with a focus on audit-trail readiness and accuracy.
