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Author: Admin | 2025-04-28
Crypto tax is painful - especially when you're not using the best tool for the job. Follow our complete guide on combining multiple crypto tax software together.The method to follow to combine or switch crypto tax software very much depends on the information you’re trying to combine and the end goal, so we’ll cover a few different common scenarios we see from users.Combining information from exchange tax calculatorsSome crypto exchanges - like Binance - offer their own crypto tax calculator service. However, these exchange tax calculators are often limited only to the platform itself - for example, Binance Tax only calculators transactions made on Binance. While a select few allow users to import CSV files from a limited number of other crypto exchanges. This presents a couple of issues when it comes to accurately calculating your gains, losses, and income. First, you need to do this for every single exchange and wallet you’ve used. So if your exchange tax calculator offers only calculations for its platform or limited support, you’ll still end up having to use other crypto tax software regardless.As well as this, depending on your transactions, the numbers produced by your exchange tax calculator may be incorrect. For example, if you transferred crypto from your wallet or another exchange into Binance, Binance is unable to know your original cost basis. This means when it generates tax reports, it’s not using the correct figures to do so, meaning you may end up paying too much tax or not enough tax.The only time an exchange tax calculator may be suitable is when you’ve only used that exchange, with no transfers of crypto to that exchange. Otherwise, you’re better off using crypto tax software to complete all the calculations you need as this software is able to track cost basis because it has an overview of all your transactions - across platforms.However, some platforms create particular issues - generally, ones that offer investments outside of crypto.Combining information from multi-asset exchangesSome platforms offer investments beyond just crypto - for example, Robinhood, eToro, and Revolut. The way to deal with these platforms very much depends on your investments and the specific platforms.In some instances, like with Revolut, these offer easy integration with crypto tax software, so if you’ve got other crypto transactions or only crypto investments, using crypto tax software is still likely your best bet to get the job done easily. Similarly, platforms like eToro offer CSV exports for crypto transactions which can easily be uploaded to crypto tax software, alongside your other crypto transaction history from other platforms.But the clue is in the name - crypto tax software only deals with the tax calculations for crypto assets. So if you’ve been investing in other assets like stocks, ETFs, commodities, and so on, then you’ll need to deal with the calculations for these investments separately.Finally, in some specific instances, some platforms simply don’t play well with crypto tax software. This is usually where the platform doesn’t offer any API integration or CSV
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