With the right crypto tax software, filling out your tax reports can be a piece of cake (or at the very least, not too frustrating). To propel your decision-making process, we have created this objective BitcoinTaxes VS Libra comparison. Take a look at the individual scores of both of these brands of crypto tax software and find out which one can be of greater assistance when the most stressful time of the year comes a-knocking.
Side by Side Comparison
|Number Of Transactions|
|Cost Basis Method|
|BTC, LTC, DOGE|
|Coinbase, Gemini, Circle, Bitstamp, BTC-e, Cryptsy, Bitfinex, Kraken, CaVirTex, CSV, Virwox and others|
|Core Wallet, BitPay, Coinbase, CEX.IO, and CSV|
|FIFO, HCFO, LIFO, CCFO|
|Capital gains, income, donation|
|Bitstamp, BTC-e, Coinbase, itBit|
|Bitgo, Bitpay, Blockchain.info, Circle, Xapo|
|blockchain, manual entry, load from CSV files|
Long-Term then HPFO
Our crypto tax software comparison process revolves around three key factors. We primarily focus on the quality of the service provided, including efficiency, reliability, accuracy, and presence or absence of limitations. We also examine the level of privacy and security ensured, given that generating tax reports requires sharing of sensitive personal data. Finally, we rate the quality of the overall experience and assign total scores which determine the winner of the comparison.