Exchange Review

Best Crypto Tax Software Australia

Summary: The best overall Crypto tax software for Australians is Koinly. They integrate with every Australian exchange and all major DeFi platforms.

By 
Austin Barwick
 on  
August 13, 2022

If you are an Australian cryptocurrency trader or investor, you will need to find a good crypto tax software platform in order to stay compliant with the Australian Tax Office (ATO). There are a few different options available, and we have compiled a list of the best ones below.

Table of Contents

Koinly

Koinly is a great option for Australians who want to automate their crypto tax reporting. It supports all major exchanges and wallets, and allows you to import your transaction data easily. Best of all, it offers a free plan for those with a small number of transactions.

Koinly Tax Calculator

The service is very easy to use. You simply connect your exchanges and on-chain wallets and Koinly does the rest. It automatically calculates your gains and losses on trades, DeFi lending and NFTs, and generates a report that you can file with your taxes.

We highly recommend Koinly to any cryptocurrency investor who wants to save time and money on their taxes.

TokenTax

TokenTax is another popular choice among crypto investors and traders. It also offers support for all major exchanges and wallets, and can help you automate your tax reporting. TokenTax also has a very user-friendly interface, making it easy to get started. The company has a team of experienced accountants and tax lawyers.

TokenTax integrates with NFTs and DeFi wallets on major networks like Ethereum, Avalanche, Solana, Fantom, and more.

TokenTax Calculator
The TokenTax Crypto tax calculator.

CoinTracking

CoinTracking is a good option for those who want more control over their crypto tax reporting. It offers a wide range of features, including support for multiple exchanges and wallets, and allows you to create custom reports. CoinTracking also has a free plan for those with a small number of transactions.

This platform is recommended for advanced users who are competent in developing automated spreadsheets and using other advanced aspects of Microsoft Excel.

CoinTracking
The CoinTracking tax calculator for Aussies.

CryptoTax Calculator

CryptoTax Calculator is another great option for Australians who want to automate their crypto tax reporting. It supports all major exchanges and wallets, and offers a range of features to help you stay compliant with the ATO.

CryptoTax also has a free plan for those with a small number of transactions, and also covers DeFi, NFT and DEX trading.

Crypto Tax Calculator
Crypto Tax Calculator: free platform for Australians.

TaxBit

TaxBit is a good choice for those who want to automate their crypto tax reporting. It supports all major exchanges and wallets, and offers a range of features to help you stay compliant with the ATO. TaxBit also has a free plan for those with a small number of transactions.

Their company is a team of expert lawyers and accountant who provide a service that is more tailored toward enterprise teams and institutional investors. TaxBit also services sovereign wealth funds and governments who have engaged in digital assets.

Taxit
The TaxBit Crypto tax platform.

What is the best Crypto Tax platform in Australia?

Overall, Koinly is the best cryptocurrency tax software for Australian's to stay compliant with the Australian Tax Office (ATO). Their platform integrates with the most exchanges and NFT, DeFi, and Decentralised Exchange (DEX) platforms to generate a simple and accurate tax report.

Visit Koinly Tax

Author Bio

Austin is a NFT and Metaverse maniac - with over 20% of his portfolio invested into the space. He is our resident multi-chain NFT expert.

DeFi Guides that Matter.

Keep up to date with the fastest moving markets with out newsletter. Find the best yields in DeFi and latest tokens.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.