CryptoTaxCalculator (Summ) vs. Bitcoin.Tax
Stuck between Summ and Bitcoin.Tax?
If you’re trying to find the right crypto tax calculator to fit your needs, this complete comparison guide will weigh up both options and tell you what you need to know to help you choose with confidence.
| Bitcoin.Tax | Summ | |
|---|---|---|
| Free plan | ✔ for up to 20 transactions | ✔ with limited features |
| Cheapest plan | $49.95 per tax year for 1000 transactions | $49 per tax year for 100 transactions |
| Payment options | Credit, debit, crypto | Credit, debit |
| Integrations | 40+ | 3,500+ (including DeFi protocols) |
| Free portfolio tracking | ✔ | ✔ |
| NFT dashboard | ✘ | ✔ |
| TurboTax, TaxAct | ✔ | ✔ |
| DeFi | ✔ | ✔ |
| Margin trading | ✔ | ✔ |
| Futures, options, and other CFDs | ✔ | ✔ |
| Loans | ✔ | ✔ |
| IRS tax forms | ✔ | ✔ |
| International tax reports | ✘ | ✘ |
| Free tax loss harvesting tool | ✘ | ✘ |
| Expert review | No prices available | ✘ |
Integrations
| Bitcoin.Tax | CryptoTaxCalculator | |
|---|---|---|
| All integrations | 45+ | 1,000+ |
| TurboTax | ✔ | ✔ |
Winner: Summ
When it comes to supported platforms, Summ takes the lead with 1,000+ total integrations. Bitcoin.Tax supports around 45 integrations and relies heavily on CSV imports, placing the onus on you to edit files to match their template before uploading your data. This kind of manual work can quickly add up. Whereas Summ has more API integrations to help users quickly sync their transaction data.
What Koinly offers:
Koinly supports over 1,000 exchanges, wallets, blockchains, and more than 7,000 DeFi protocols. The majority of these platforms are supported by API integrations for automatic import, making it easier and faster to import your data.
Portfolio tracking
| Bitcoin.Tax | Summ | |
|---|---|---|
| Portfolio tracking dashboard | ✔ | ✔ |
| View unrealized gains and losses | ✘ | ✔ |
| Individual holdings breakdown and ROI | ✘ | ✔ |
| View real-time market data | ✘ | ✔ |
Winner: Summ
While Bitcoin.Tax offers a brief overview of your portfolio, it doesn't include key data such as unrealized gains and losses or real-time market data. Summ takes the lead as their portfolio tracker offers a more intuitive interface and far more functionality.
What Koinly offers:
Koinly includes a free, intuitive, and functional portfolio tracker, with access to tax optimization tools, an asset maturity tool, and the NFT dashboard, so you can manage your portfolios completely in-app.
DeFi, NFTs, margin trading, and derivatives
| Bitcoin.Tax | Summ | |
|---|---|---|
| DeFi | ✘ | ✔ |
| Margin trades | ✘ (only on Kraken) | ✔ |
| Futures, options, and other derivatives | ✘ | ✔ |
| Mining & staking | ✔ | ✔ |
| Lending | ✘ (for certain exchanges) | ✔ |
| Airdrops | ✔ | ✔ |
| NFTs | ✘ | ✔ |
Winner: Summ
If you’re dealing with more complicated transactions, Summ is the better choice. They support a wide range of transaction types from common activities such as airdrops, mining, or staking rewards to more complex on-chain transactions.
Bitcoin.Tax, on the other hand, supports basic income and some smart contract-capable blockchains, but the platform is largely limited in terms of the data it imports automatically, the accuracy, and the manual work some users are expected to perform to ensure their calculations are correct.
What Koinly offers:
Koinly supports all transaction types, including DeFi, derivatives, margin trading, lending, NFTs, and more. It leads with its automated support for new and growing DeFi chains and expanding ecosystems.
Free plan
| Bitcoin.Tax | Summ | |
|---|---|---|
| Rich transaction detail | ✘ | ✔ |
| Tax summary preview | ✔ | ✘ |
| Tax loss harvesting tool | ✘ | ✘ |
| Portfolio tracking | ✔ | ✔ |
Winner: Summ
Both tools offer a free plan that allows you to import transactions and review your transaction data, but Summ offers more functionality and insight, including richer transaction detail and a better portfolio tracker.
Bitcoin.Tax is free up to 20 transactions, but the majority of investors will have more transactions than this.
Paid plan
Winner: Bitcoin.Tax
Bitcoin.Tax comes out on top with its lowest plan starting at $54.95 per year for up to 1,000 transactions; for the same number of transactions on Summ, you would need their Hobbyist plan at $99 per year.
It is important to consider that the prices do reflect the functionality of the platforms; Bitcoin.Tax has fewer features and more manual work involved than Summ. However, it’s still a suitable option for investors with simpler transactions across fewer blockchains.
What Koinly offers:
Koinly’s free plan includes everything (excluding report downloads) from rich transaction detail to an asset maturity tool, a tax optimization tool, and an NFT dashboard. You even have the ability to preview a free tax summary and make sure you’re happy with the figures before you even have to purchase a plan.
Usability and features
| Bitcoin.Tax | Summ | |
|---|---|---|
| Easy to use, without compromising functionality | ✔ | ✔ |
| Automatic error detection | ✘ | ✔ |
| Supported transaction types | ✘ | ✔ |
| Transaction filters | ✔ | ✔ |
| Customizable tax settings | ✘ | ✔ |
Winner: Summ
Crypto tax software takes a little getting used to, but Summ offers a more intuitive experience that can help you settle in faster. Giving you more control and visibility through better categorization and customizable tax settings.
Bitcoin.Tax requires more manual work to get everything looking how you want it to. Supported transaction types are limited, and you’re unable to adjust your tax settings to match your approach to your tax situation.
What Koinly offers:
Koinly has all of the features listed above, as well as automatic transaction tagging and automatic error detection on a wallet and transaction level, with in-app guidance on how to quickly fix any issues.
Customer support
Both Summ and Bitcoin.Tax have good Trustpilot reviews at an average of 4.6 stars and 4.5 stars, respectively. Summ offers live chat and email support, while Bitcoin.Tax offers only email support for paying users.
What Koinly offers:
Koinly boasts outstanding customer service, with an average of 4.6 stars on Trustpilot, with over 2,000 reviews. With live chat and email support, as well as a wealth of self-help guides and a community forum.
Reputation and security
Summ is backed by Coinbase Ventures and has partnerships with a number of experienced crypto accounting firms. The platform is SOC 2 certified, but previously suffered a data breach as a result of unauthorized third-party access.
It is unclear from publicly available information what partnerships or security protections Bitcoin.Tax has in place, however, it doesn’t seem to have suffered any data breaches to date.
What Koinly offers:
Koinly has partnered with a wide range of established crypto businesses, including major exchanges and wallets such as Binance, MetaMask, CoinSpot, and tax and accounting firms like TaxScouts and Clear Tax. Koinly is also ISO 27001 and SOC 2 certified and has never suffered a direct security breach.
Supported Countries
| Bitcoin.Tax | Summ | |
|---|---|---|
| USA IRS reports (inc TurboTax) | ✔ | ✔ |
| Australia ATO report | ✘ | ✔ |
| Canada CRA report | ✘ | ✘ |
| UK HMRC report | ✘ | ✘ |
| European reports | ✘ | ✘ |
Winner: Summ
For the US, both CryptoTaxCalculator and Bitcoin.Tax lets users export a number of forms, including Form 8949 and Schedule D, as well as TurboTax and TaxAct exports.
Summ marginally takes the lead globally, with direct support for Australia.
What Koinly offers:
Koinly also has direct reports for US users, including TurboTax, but also supports international investors with country-specific reports for 10+ countries worldwide. This is backed by a Comprehensive Tax Report that can help investors file in over 100 countries.
Conclusion: Which is better?
If you have simple transactions on major exchanges, Bitcoin.Tax will get the job done, but for anything more complicated, you’re likely better off using Summ.
This said, Koinly tops both with more features, more integrations, and a superior free plan. And while we might be a little biased, you can compare the two yourself in our Koinly vs. Summ guide and Koinly vs. Bitcoin.Tax guide to see what you think.
