TokenTax Review: Scam and Fake or not?

TokenTax is a well-known software for crypto taxes from the United States.

But is TokenTax a scam?

No, it is not: According to our experience and review, TokenTax is a safe crypto tax software.

About TokenTax

This is everything you need to know about this crypto exchange at a glance:

Name TokenTax
Company Token Tax LLC
Address 33 W 8th St #2 New York, NY 10011, United States
CEO Zachary McClure
Founder Alex Miles, Zachary McClure
Founded 2017
Contact Mail, Phone, Live Chat
Features Crypto Taxes, Crypto Tracker
Integrations 120 exchanges, wallets, blockchains and services supported
Supported Countries Canada, United Kingdom, United States
Payment Methods Credit Card, Crypto
Fees $65 per year for Basic (up to 500 transactions), $199 per year for Premium (up to 5,000 transactions), $3,499 per year for VIP (up to 30,000 transactions), other fees might apply for different services
Coupon currently no coupon available
App not available
Languages English

What profi say about TokenTax and crypto investing:

Heinrich Hase

TokenTax is a well-known cryptocurrency tax platform that offers individuals and businesses a comprehensive solution for managing their crypto tax obligations. With its established reputation, TokenTax streamlines the process of calculating gains, losses, and other tax-related transactions associated with cryptocurrencies.

Key features of TokenTax include:

  1. Transaction Import: TokenTax allows users to easily import transaction data from various exchanges, wallets, and platforms, simplifying the tracking of crypto activities.

  2. Accurate Tax Calculations: The platform calculates capital gains and losses, as well as other taxable events, based on different transaction types and tax regulations.

  3. Tax Reporting: TokenTax generates detailed tax reports, such as IRS Form 8949 in the United States, which can be used for tax filing purposes.

  4. Exchange Integrations: TokenTax offers integrations with a wide range of cryptocurrency exchanges, making it convenient to sync transaction data.

  5. FIFO/LIFO Calculation: Users can choose between different accounting methods, such as First-In-First-Out (FIFO) or Last-In-First-Out (LIFO), for calculating gains and losses.

  6. Tax Regulation Compliance: TokenTax considers tax regulations specific to different jurisdictions, ensuring accurate reporting and compliance with local laws.

  7. CPA Assistance: TokenTax offers assistance from certified public accountants (CPAs) who specialize in cryptocurrency taxation, providing expert guidance for complex situations.

TokenTax's platform aims to simplify the process of cryptocurrency tax reporting, helping users navigate the intricacies of tax regulations in the cryptocurrency space. With its user-friendly interface and focus on accuracy, TokenTax empowers users to manage their crypto tax obligations with confidence, whether they are casual investors or experienced traders.