TaxBit Review 2026 – Free Crypto Tax Software Worth Using?
TaxBit made waves by offering a free individual plan. But is it the right tool for your crypto taxes? Here is an honest review of TaxBit's features, limitations, and who it works best for.
What Is TaxBit?
Calculate Your Crypto Taxes Automatically
Import your transactions and get a complete tax report in minutes – no manual spreadsheets needed.
Start for free →TaxBit is a US-founded crypto tax platform launched in 2018. It has two main products: TaxBit for individual investors and TaxBit Enterprise for exchanges and institutions. Major exchanges like Coinbase, FTX (formerly), and others have used TaxBit's enterprise platform – which means some users' 1099s were generated by TaxBit.
TaxBit Free Plan
TaxBit offers a free individual plan that includes:
- Unlimited transactions (via connected exchanges)
- Tax form generation (Form 8949)
- Portfolio tracking
- Limited to certain supported exchanges via direct integration
Catch: The free plan primarily works well for users on partner exchanges. Complex situations with wallets, DeFi, and manual CSV imports may require the paid plan.
TaxBit Paid Plans
- Basic: $50/year – more exchange connections
- Plus: $175/year – DeFi and NFT support
- Pro: $500/year – unlimited transactions, priority support
TaxBit Strengths
- Clean, modern user interface
- Strong exchange integrations (Coinbase, Kraken, Gemini, etc.)
- Audit trail for each transaction
- Used by major exchanges for their 1099 generation
- Free basic tier is genuinely functional
TaxBit Limitations
- DeFi support less comprehensive than specialized platforms
- No European tax reports (German Anlage SO, UK Section 104)
- Manual CSV imports can be cumbersome
- Customer support response times can be slow during tax season
TaxBit vs CoinTaxReporting
| Feature | TaxBit | CoinTaxReporting |
|---|---|---|
| Free plan | ✅ Yes | ✅ Trial |
| EU tax reports | ❌ | ✅ Germany, Austria, CH |
| DeFi support | ⚠️ Limited (paid) | ✅ Advanced |
| HIFO optimization | ✅ | ✅ |
Bottom Line
TaxBit's free plan is a genuine option for simple US investors using major exchanges. If you have DeFi activity, European tax obligations, or complex wallet situations, a more specialized platform will serve you better.
Related Resources
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Start for free →Disclaimer: This article is for general informational purposes only and does not constitute tax advice. For individual tax advice, consult a licensed tax professional.