Key Points
– Cryptocurrency is taxable—and there’s no getting around it. From BTC/USDT trades to staking income from XT Earn, every transaction has the potential to constitute a taxable event.
– Mainstream tools such as Koinly, CoinLedger, and CoinTracking can help users simplify the tax filing process for spot, futures, and DeFi activities.
– Which software you choose depends on your location and investment strategy - there is no “one size fits all”, but Koinly and CoinLedger cover the tax requirements of most countries around the world.
– Most platforms offer a free version, but if you trade frequently or use multiple platforms, it is recommended to consider upgrading to a paid version to get full support.
As Bitcoin (BTC) gradually enters the mainstream, cryptocurrency traders are facing an increasingly realistic problem: taxation. By 2025, regulators in many countries and regions around the world are strengthening their supervision of digital assets. Whether you are doing BTC/USDT spot trading, laying out Bitcoin contracts , or obtaining staking income through XT Earn , you may need to declare taxes - and missing any transaction may bring considerable costs.
The good news is that there are already many excellent Bitcoin tax filing software that can help you automate the tax filing process, ensure compliance, and even legally reduce your tax burden by intelligently calculating the cost basis. This guide will systematically sort out the most worthwhile Bitcoin tax filing software for 2025, and evaluate them based on dimensions such as feature support, country coverage, price plans, and whether they can be integrated with major trading platforms and wallets.
Table of contents
Why Bitcoin Tax Filing Software Is a Must in 2025
Key features to look for when choosing Bitcoin tax software
Recommended Bitcoin tax filing software in various countries
Comparison at a glance: Which software is best for you?
Why Bitcoin Tax Software Is a Must in 2025
Today’s Bitcoin trading is no longer just a question of “making money or not”, but about compliance. Gone are the days when the tax authorities turned a blind eye to crypto assets. Now, whether it is the IRS in the United States, the HMRC in the United Kingdom, the ATO in Australia, or the CRA in Canada, you are required to declare everything - from the most basic BTC spot trading to the complex DeFi staking rewards, all must be included in tax considerations.
What makes things even more complicated is that crypto assets are inherently difficult to track. You might be buying and selling BTC on three exchanges at the same time, earning income on XT Earn , and occasionally playing with NFTs. Organizing these transaction records manually? Its too painful, not only prone to errors, but also extremely risky.
This is where Bitcoin tax filing software comes in handy. It can automatically import your transaction data, calculate your profit and loss, convert it into local currency, and generate reports that meet local tax filing standards. Not only does it make it easy for you to comply with regulations, it can also greatly reduce your psychological burden.
Key features to look for when choosing Bitcoin tax software
Not all cryptocurrency tax software is created equal. The leading platforms in 2025 will generally have the following features:
– Exchange Wallet Connection: You can synchronize your transaction records and support platforms such as Coinbase, Binance, XT.COM , Kraken, MetaMask, Ledger, etc.
– Trading strategy identification: Whether it is BTC spot trading, BTC perpetual contracts or Bitcoin staking , the software can automatically classify and apply the correct tax treatment.
- Earnings Tracking: Taxable earnings from staking platforms like XT Earn can be automatically included in your income statement.
– Local tax compliance: Supports exporting files that comply with official formats such as IRS 8949 (US), CGT Summary (UK/Australia), CRA Form (Canada), etc.
– Multi-currency conversion: Convert all transaction amounts into your local currency (such as USD, GBP, CAD, JPY, etc.) based on historical BTC prices .
– Audit support: Complete profit and loss calculation details and original data can be exported to facilitate accountant or tax review.
– Free Paid Plans: Most platforms offer a free trial or basic version, with advanced features generally starting at $49 per year, charged based on transaction volume.
Recommendations for the most suitable Bitcoin tax filing software for each country
USA
Tax analysis: The US IRS considers Bitcoin (BTC) as property. Any form of disposal (such as buying, selling, and paying) must be reported. The tax rate for short-term gains is up to 37%, and for long-term gains is 20%. Mining and staking (such as XT Earn gains) must be reported as income.
Recommended Software:
– Koinly – Supports exporting IRS 8949 forms, strong DeFi support
– TaxBit – Enterprise-grade solution to automate IRS filing
– CoinLedger – seamlessly integrates with platforms like TurboTax, suitable for individuals
– ZenLedger – provides audit trails and crypto donation tracking
U.K.
Tax analysis: Bitcoin is taxed as a capital asset, and CGT is payable if the annual income exceeds £12,300. Staking rewards are treated as income, and there is no long-term holding benefit.
Recommended Software:
– Koinly – Supports HMRC format reports, with clear merging logic
– CoinLedger – Automatically matches wallet transfers to UK tax system
– Accointing – Simple interface, supports exporting HMRC special forms
Germany
Tax analysis: holding for more than one year is tax-free, while short-term gains are taxed as income. Staking rewards also need to be declared. The 10-year tax-free rule has been abolished since 2023.
Recommended Software:
– Blockpit – developed in Germany, supports KrZFA format
– CoinTracking – Most commonly used by German users, with detailed reports
– Koinly – Customizable holding period settings to flexibly respond to German tax requirements
Canada
Tax analysis: Cryptocurrencies are treated as commodities, and 50% of profits are taxed as capital gains. Staking income must be fully declared. Corporate traders are required to calculate the full amount of tax.
Recommended Software:
– Koinly – can generate CRA format reports and support automatic CAD conversion
– CoinLedger – can distinguish between capital gains and income
– CoinTracking – Powerful exchange rate conversion and analysis functions
Australia
Tax brief: All disposals are subject to CGT, with a 50% discount for holdings ≥ 12 months. Mortgage and lending income is taxable.
Recommended Software:
– Koinly – Generates ATO format CGT reports
– Accointing – Automatically track XT Earn income, support AUD
– CoinLedger – Supports dual reporting of income and capital gains
Japan
Tax analysis: Cryptocurrency income is considered miscellaneous income and is taxed at up to 55%. Annual income below ¥200,000 is tax-free, but there is no long-term holding benefit.
Recommended Software:
– CoinTracking – Supports JPY conversion and FIFO/LIFO strategies
– Koinly – Adapting to Japanese tax rules
– CoinLedger – Simplified reporting process, support for local exchanges
South Korea
Tax analysis: No CGT before 2025, but regulators have obtained user data from exchanges. It is expected that a 20% tax will be imposed on future earnings.
Recommended Software:
– Koinly, CoinTracking, CoinLedger – all support Korean exchanges such as Bithumb, Upbit, etc.
India
Taxation in brief: A flat 30% income tax is levied on profits, and a 1% TDS is charged on single transactions exceeding ₹ 10,000. No loss deduction is allowed, and gifts are also taxable.
Recommended Software:
– CoinLedger – Provides India-specific tax classification
– Koinly – Supports INR and TDS tracking
– CoinTracking – First choice for advanced users, strong in detail handling
Singapore
Tax analysis: Ordinary individuals are not subject to CGT, but professional traders or companies may need to pay taxes on crypto gains.
Recommended Software:
– Koinly, Accointing – Supports tracking GST and exporting SGD reports
Switzerland
Tax brief: Private investors are exempt from CGT, but need to declare crypto assets as wealth tax and declare staking/mining income.
Recommended Software:
– CoinTracking, Blockpit, Koinly – provide comprehensive wealth and income tracking capabilities
Features Matrix: How to Choose the Best Bitcoin Tax Filing Tool for You
As crypto transactions become increasingly complex, from BTC spot , BTC contracts to staking platforms like XT Earn , choosing the right Bitcoin tax filing software can not only help you save a lot of time, but also effectively avoid high costs of misreporting. The following is a comparative analysis of several mainstream software, each with its own advantages:
Koinly
– Supports over 800 exchanges and wallets, including XT.COM , Binance, Coinbase and MetaMask
- Accurately track BTC spot, contract and pledge income
- Automatically classify rewards from platforms such as XT Earn as taxable income
- Supports the generation of localized tax reports for more than 100 countries (such as IRS 8949, UK CGT, ATO CGT)
– Provides multiple cost basis calculation methods (FIFO, LIFO, HIFO, etc.)
– Very suitable for multinational traders, DeFi users and tax professionals with audit needs
Image Credit: Koinly Homepage
CoinLedger
– Quick setup and intuitive interface suitable for novice and intermediate users
– Fully support BTC/USDT spot and contract transactions
- Automatically integrate XT Earn and other platforms’ staking and airdrop income
– Can export reports suitable for IRS and is compatible with tax filing platforms such as TurboTax/TaxAct
– Covering mainstream tax systems such as the United States, the United Kingdom, Canada, Australia and India
– Ideal for individual traders who value efficiency, simplicity and compliance
Image Credit: CoinLedger Homepage
CoinTracking
– Advanced data analysis tools with over 300 platform integrations
- Comprehensively track the profit and loss of BTC spot , leverage and contract transactions
- Manual support for staking income ( XT Earn income needs to be entered manually)
– Provide historical data graphs, customized tax logic and audit exports
– Popular among high-frequency traders and institutional users
– Ideal for advanced users who need granular control and multi-year data management
Image Credit: CoinTracking Homepage
Accointing
– User-friendly interface, backed by Glassnode data
– Support BTC spot, perpetual contracts and staking activities
- Automatically track DeFi activities and partially support XT Earn staking income
– Can export tax reports applicable to the UK, US, Canada and Europe, supporting CSV format
– Accointing is more suitable for novice to intermediate users in Europe and the United States
Blockpit
– Designed specifically for European users, with built-in local tax logic (such as Germany, Austria)
- Support BTC spot, contract, pledge, NFT and DeFi protocols
– Provide KPMG certified tax forms and full audit trail capabilities
– Although XT Earn support is limited, it performs well in terms of EU compliance and KrZFA format support
– Ideal for professional users and businesses in the EU
Image Credit: Blockpit Homepage
Last words
Whether you are trading BTC/USD on a centralized exchange (CEX), earning staking income through XT Earn , or planning to invest in the Bitcoin futures market, you cannot avoid one reality: crypto taxation is real and is becoming increasingly stringent.
Choosing the right Bitcoin tax software can make the difference between an easy tax return and a tough one. Tools like Koinly, CoinLedger, and TaxBit can automatically sync your transaction data, calculate taxable events, and generate standard tax returns, making it easy for you to submit them to a professional accountant or file them yourself.
Ready to simplify your crypto taxes for 2025? Choose a tool that’s right for you, connect your accounts, and let the system take care of the rest.
FAQ: Things You Might Want to Know About Bitcoin Tax Software
If I only trade BTC/USDT, do I still need to use tax software?
Yes. Most countries stipulate that every transaction (even spot transactions) is a taxable event. Using software can help you record and declare accurately.
Does BTC staking income (such as XT Earn) need to be taxed?
It is usually considered “ordinary income” and is included in your tax liability when you receive it. Tools such as Koinly and CoinLedger can automatically identify and categorize this type of income.
Can tax filing software support multiple wallets and trading platforms?
Of course. Most mainstream tools support more than 300 platforms, including Binance, XT.COM , MetaMask, Ledger, etc.
Is there a free version of Bitcoin tax software?
Yes. Koinly, CoinLedger, and others offer free accounts (usually for up to 100 transactions), and premium plans start at around $49/year.
Which tool is best for me?
– Koinly : Global support and the most comprehensive features
– CoinLedger : Especially suitable for US users
– CoinTracking : Powerful analysis capabilities
– Accointing : user-friendly interface, suitable for beginners
– Blockpit : Focus on the EU market
– TaxBit : For enterprise users
Can tax filing software help me lower my tax burden?
Yes. For example, through cost basis algorithms, loss deductions, and anomaly detection, we can help you file your taxes smarter, not just faster.
