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BearTax is a cryptocurrency portfolio tracker and tax tool. It tracks exchange deposits and trades to automatically calculate your gains and losses from cryptocurrency trades. This makes life much easier come tax time.
BearTax uses a smart matching algorithm to automatically tie together deposits and trades to calculate profits or losses. Where its algorithm cannot confidently do this, it will ask you to manually confirm.
The end result is that it does the hard work for you, but doesn't action and process the same kinds of mistakes a fully automated system might.
To use it, you can either plug in your exchange API keys so it can automatically get your trading history, or you can manually upload your trading records to BearTax as a CSV or Excel document.
The tiers for BearTax's plans are primarily determined by the number of transactions you want to track. Plans are charged per tax year and in USD.
As of 17 June 2019, BearTax's pricing structure is as follows:
Plan | Transactions tracked | Annual cost |
---|---|---|
Dollar | 20 | US$0.99 |
Basic | 200 | US$29.99 |
Plus | 999 | US$59.99 |
Ultimate | Unlimited transactions | US$199.99 |
There are several features to pay attention to when you're looking for the best cryptocurrency portfolio tracker for your needs.
BearTax calculates your gains and losses from crypto trades over the course of a financial year. It does this by tracking crypto purchases, deposits and trades across multiple exchanges.
You can use your exchange API keys to automatically synch your trading data with BearTax. But if you don't want to hand over your exchange API keys or are using an unsupported exchange, you can download a CSV or Excel document of your trading history from the exchange and then upload that to BearTax.
Even if BearTax does not directly support an exchange, you can still manually upload CXV or Excel files of your trades made on that exchange.
With supported exchanges, you can track trades automatically. The cryptocurrency exchanges BearTax supports include the following: