Setting an account up on TaxBit is simple. We just need your name, email and a password. To get started calculating your taxes you will need to link your account to an exchange/wallet.
No. We only require read only access to your wallets and exchanges through their official API’s.
You can delete your account and all your account data at any time from the settings page.
Currently we only support customers in the US. We will be expanding to other countries soon.
We support all of the currencies listed on Coinbase, Coinbase Pro (GDAX), Binance, and Uphold
Click here for a full list of supported coins.
Coinbase, Coinbase Pro (GDAX), Binance, Uphold.
We are adding new exchanges every month please see our roadmap for more info.
We pull our crypto pricing from a variety of exchange API’s.
No. Every TaxBit feature is completely optional.
Right now while we are still in Beta yes, however we will be providing an option to import your transactions by uploading a CSV.
Not yet. We plan to release native mobile apps in the future. However currently our web app is fully responsive and works great on mobile devices.
TaxBit has very talented CPAs and tax attorneys on staff. However, each users tax situation is unique and personal. TaxBit’s service is not intended to substitute for tax, audit, accounting, or legal advice. For financial, tax, or legal advice please consult your own professional. TaxBit disclaims any responsibility for the accuracy or adequacy of any positions you take with regards to your tax returns.
TaxBits tax algorithms default to first-in-first-out (FIFO), which is the most common acceptable cost basis method seen by the IRS. In order to optimize your tax liability, TaxBit will also support last-in-first-out (LIFO), highest-in-first-out (HIFO), and average cost. Specific rules apply when it comes to selecting a cost basis method and when/how often you can change that method.