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ACCOINTING.com Review: Track crypto portfolios and generate tax reports

ACCOINTING.com allows users to track their cryptocurrency portfolios and file crypto taxes. It was founded in 2018 and is headquartered in Switzerland. It offers a desktop platform as well as a mobile application. Both have an intuitive user interface with an in-depth dashboard that allows users to track their financial performance (DeFi), central finance (CeFi)…

ACCOINTING.com allows users to track their cryptocurrency portfolios and file crypto taxes. It was founded in 2018 and is headquartered in Switzerland.

It offers a desktop platform as well as a mobile application. Both have an intuitive user interface with an in-depth dashboard that allows users to track their financial performance (DeFi), central finance (CeFi) and non-fungible token transactions (NFT).

It allows users to categorize trades and transactions in order to file taxes in their country or region.

This is an in-depth review of ACCOINTING.com that explains how it works, the key features it offers, and its pros and cons.

How it Works

ACCOINTING.com provides a range of tools that can be used to assist with the following tasks.

Crypto portfolio tracking including market overview, market lists, market alerts, and market sentiments
Crypto portfolio management including asset allocation and historical portfolio performance.
Creating tax reports including tax software integration and custom tax reports. Turbo tax, Form 8949, and WisoSteauer), and tax optimization (Trading Tax Optimizer-Tax Loss Harvesting).

ACCOINTING.com has integrated with over 400+ crypto service providers including crypto wallets, exchanges, and DeFi protocols, to allow you to automatically import your transactions from your crypto wallets and exchanges for purposes of calculating your gains and losses. You can also do real-time analysis and deep-dive on your transactions across the cryptoverse.

ACCOINTING.com allows you to access your crypto tax reports within 5 clicks. The reports can be downloaded in FIFO and LIFO formats.

You can also view the performance of the crypto market, set alerts, search for trending tokens and share your personalized and curated token lists via Twitter.

Key features

Crypto APIs

ACCOINTING.com has over 400+ integrations with crypto exchanges, wallets, blockchains, and other crypto service providers to help users import transactions from other crypto platforms.

Some exchanges it has integrated are Binance and OKX, FTX. BitPanda. FTX. Coin Spot. Kraken, Gemini. Poloniex. Kucoin.

Crypto portfolio management

ACCOINTING.com offers a crypto portfolio dashboard for its desktop, iOS and Android platforms. This allows users to connect to all their cryptocurrency exchanges and wallets in order to view a summary and their net profit.

Crypto tax calculator

This allows users to automatically calculate and classify their crypto taxes. It can account for all crypto activities, including DeFi staking and margin trading, mining, trading, and trading. It generates crypto tax reports using the widely accepted crypto tax principles.

The crypto tax calculator can help you identify tax-saving opportunities and helps with tax reporting.

ACCOINTING.com pricing

ACCOINTING.com offers four packages: the starter package, Hobbyist, Trader, and Pro.

Starter package – This is free and it allows users to file up to 25 taxable transactions per year. This package is suitable for those who do not conduct many crypto transactions.
Hobbyist package – This allows users to file reports for up to 500 taxable transactions per year. It costs $75 per year.
Trader package -This allows users to file reports for up to 5,000 taxable transactions per year. It costs $199 per year.
Pro package – This allows users to file reports for up to 50,000 taxable transactions per year. It costs $299 per year.

Pros and Cons of ACCOINTING.com

Pros

ACCOINTING.com allows users to easily connect to wallets and crypto exchanges and track their crypto portfolio from a single platform.
It allows users to quickly classify crypto transactions, and generate crypto tax reports.
It takes just 5 clicks to generate crypto tax reports.
It also includes NFT transactions in tax reports generation.
It allows users the ability to modify transaction details in order to ensure accurate

tax reports.

Cons

When there are many crypto transactions, it can be confusing to understand the details.
It also requires further integrations to include wallets such as Trust wallet, which has become a very popular cryptocurrency wallet.

Why use ACCOINTING.com

Filing crypto taxes can be difficult, especially if you are involved with too many transactions including NFTs. It is difficult to classify crypto transactions in order to determine the tax due. This becomes more challenging when you trade or transact with different crypto products.

ACCOINTING.com is a platform that allows you to generate tax reports and file your crypto taxes. Depending on how many transactions you made during the year, you can choose which package to use.

After you sign up and make payment for the package that interests you, it takes only 5 clicks to generate your crypto tax reports. This saves you the pain of manually calculating and classifying tax.

They offer exceptional customer service and best-in-class accuracy in generating tax reports. Additionally, they provide detailed explanation guides to help newcomers understand the process of filing crypto taxes.

Final verdict

ACCOINTING.com makes it easy to fill out crypto taxes for individuals and companies. Small businesses, medium-sized businesses, entrepreneurs, individuals freelancers, crypto whales and non-profit organizations can all choose from the same packages based on how many crypto transactions they are taking into consideration.

It is an excellent choice for creating crypto tax reports as you can connect to any cryptocurrency service provider. It integrates almost all crypto wallets and exchanges. The few that ACCOINTING.com does not integrate are often because they don’t have APIs.

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Vote postponed to renominate SEC commissioner Caroline Crenshaw

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw” The vote was postponed minutes before it was due to begin by Brown No date has been set for Crenshaw’s renomination A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been…

Senate Banking Committee chair Sherrod Brown called it a “disgusting smear campaign against Caroline Crenshaw”
The vote was postponed minutes before it was due to begin by Brown
No date has been set for Crenshaw’s renomination

A US Senate vote to renominate Democrat Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed.

The vote was originally scheduled on December 11; however, it was postponed minutes before it was due to begin, reports Bloomberg. Sherrod Brown, the Senate Banking Committee chair, delayed the vote. When Brown requested the vote occur later that day, Republican senators blocked his request.

Brown later released a statement saying that corporate special interests are running a “disgusting smear campaign against Caroline Crenshaw.”

No date has been set for her renomination.

Earlier this week, crypto and blockchain advocacy groups voiced their opposition to Crenshaw’s renomination.

In a letter to Brown and Senate Banking Committee Ranking Member Tim Scott, the Blockchain Association and the DeFi Education Fund argued that Crenshaw’s actions have undermined Congress’s mandate to establish clear regulatory policies for the crypto industry.

In their letter, they mention Crenshaw’s “continued opposition to the approval of a spot Bitcoin ETP.”

Following the news of Crenshaw’s reappointment, Brian Armstrong, CEO of Coinbase, took to X to say: “She tried to block the Bitcoin ETFs, and was worse than Gensler on some issues (which I didn’t think was possible).”

A Republican-majority SEC?

The delay to Crenshaw’s renomination opens up the possibility of a three-person Republican SEC once Donald Trump enters the White House in January. Crenshaw’s term at the SEC officially ended in June; however, if she’s renominated she would be the only Democratic SEC commissioner.

The SEC can make up to five commissioners, but no more than three can form the same political party. Current SEC chair Gary Gensler, a Democrat, is stepping down on January 20, and SEC Commissioner Jaime Lizárraga, also a Democrat, will step down on January 17.

Last week, Trump nominated pro-crypto Paul Atkins, a Republican, as chair of the SEC.

Including Gensler and Lizárraga, the three remaining SEC commissioners include Republicans Hester Peirce and Mark Uyeda.

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Australia fines Kraken operator $5 million for non-compliance

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements. The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations. Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for…

Kraken shutting down its NFT marketplace just a year after its launch

Kraken operator in Australia Bit Trade will pay a $5.1 million fine for non-compliance with regulatory requirements.
The Australian Securities and Investment Commission accused the crypto platform of offering a credit facilty that did not comply with regulations.

Kraken crypto exchange’s Australian operator firm has been slapped with a AU$8 million ($5.1 million) fine for non-compliance with Australian regulations.

The Australian federal court fined Bit Trade following a lawsuit by the Australian Securities and Investment Commission. In its order, the court said that the Kraken crypto exchange operator must comply with the country’s crypto regulations.

The court ordered that the exchange ought to pay 8 million Australian dollars as a penalty for non-compliance with the local regulations. Notably, Kraken recently announced a licensed broker offering for clients in Australia.

Bit Trade failed to comply with regulations

In August this year, the court ruled in favour of the Australian Securities and Investment Commission. The regulator had filed a case accusing Bit Trade of issuing a credit facility without following the legal proceedings.

ASIC argued that Bit Trade did not make the target market determination, a requirement to protect investors. Between October 2021 and August 2023, ASIC stated that the firm offered a margin extension to 1,100 users which cost them a loss of over $5.2 million without following the legal requirements.

The market regulator’s demand was Bit Trade to pay a fine worth 20 million Australian dollars. On their argument, Bit Trade put their limit to a maximum of four million Australian dollars. The penalty follows these proceedings, and the Kraken operator in Australia has 60 days to comply with the order.

In addition, the firm would cover for all the commissions court proceedings costs.

Kraken has faced regulatory hurdles in the US too, with the Securities and Exchange Commission (SEC), suing the exchange earlier in November 2023.

SEC’s allegations include Kraken offering of unregistered activities and operating as an unregistered broker. In August 2024, a US court denied the exchange’s motion that sought to dismiss the SEC’s lawsuit.

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Saylor and Bukele Discuss How El Salvador Can Accelerate Global Bitcoin Adoption

Michael Saylor has met with Salvadoran President Bukele to discuss accelerating global bitcoin adoption as El Salvador strengthens its position, continuing to accumulate bitcoin despite IMF-driven policy adjustments. Michael Saylor Meets Nayib Bukele to Discuss Bitcoin Strategy Michael Saylor, executive chairman of Microstrategy (Nasdaq: MSTR), met with El Salvador’s President Nayib Bukele on Feb…
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