Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
provider, service or offering. It is not a recommendation to trade.
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.
How to use BearTax
The first step is to go to the site and create an account. You will need to enter your name, email, country and choose a password.
Select your exchanges and, where available, choose whether you want to API import or manually upload your trades.
Once you've uploaded your transactions, you calculate your gains and losses.
The first step is to upload and review them, the second is to run the calculator and the third is to review the info you get out.
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
Key features of the BearTax cryptocurrency tax calculator
There are several features to pay attention to when you're looking for the best cryptocurrency portfolio tracker for your needs.
What does it track?
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.
How do I sync it?
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.
What exchanges does BearTax support?
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:
Compare BearTax against other crypto portfolio tracker apps
Price disclaimer: Last verified 17 June 2019. Prices are subject to change and should be used as a general guide only.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency.
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