TaxBit: Crypto Tax Software So Easy, Even a Crypto Newbie Can Do It

The Crypto Tax Wizard for Newbies Who Think HODL Means "Hold Onto Da Laughs" Me, a crypto newbie, lost in the crypto jungle, didn't know a thing 'bout tax beasts. But crypto taxes, oh boy, they sounded scarier than a bull run in a china shop!


UPDATE: As of Sep 29, 2023 taxbit will close their services to consumer accounts. Read the notice here.

That's when I stumbled upon They said it's so easy even a crypto newbie like me could figure it out.

Guess what? It's the real deal! TaxBit made taxes look like child's play. I was done in less time than it takes for Bitcoin to go from moon to earth.

Here's the scoop, and it's simpler than counting fingers:

  • Make a free account (easy-peasy).
  • Connect your crypto nooks and crannies.
  • TaxBit does the magic, pulling all your crypto wiggles and jiggles.
  • Check your moves and tweak if needed.
  • Hit the tax report button.

Boom! That's all there is to it. Easier than trying to explain blockchain to your grandma.

So, if you're a crypto greenhorn trembling at the thought of tax season, trust me, go for It's crypto tax software so easy even a crypto newbie can rock it.


Here's more good stuff about TaxBit:

  • It knows 400+ crypto hideouts.
  • Handles fancy moves like staking, mining, and DeFi without breaking a sweat.
  • Offers freebies for the basics.
  • It's got a user-friendly vibe and friendly folks to help when you're in a pickle.
  • It's SOC 2 Type 2 compliant, so it's legit and super secure.

In short, I'm head over heels for TaxBit. It's the bee's knees in crypto tax software. If you want to turn tax time into a crypto carnival, TaxBit is your ticket.


Now, let's tackle some minor bumps in the crypto road:

  • The free plan caps at 200 transactions.
  • Paid plans can be a bit spendy, like trading your Bitcoins for Beanie Babies.
  • It can snooze now and then, making you wonder if it's running on crypto time.

But fear not, the pros outweigh the cons like a bull market against a bear.


Would I recommend TaxBit to a friend? Absolutely! It's the holy grail of crypto tax software for us newbies. Easy, budget-friendly, and they've got your back when you need 'em.

And for the skeptics out there wondering, "Is TaxBit legit?"

Yep, TaxBit ain't no shady crypto alley. They're registered with the SEC as a Money Services Business and have passed the SOC 2 Type 2 test with flying colors. Even the big shots like Coinbase and Kraken trust 'em.

So, if you're on the hunt for a legit and safe way to tackle your crypto taxes, TaxBit's the gold standard. Now go forth, my crypto comrades, and let TaxBit lead you through the crypto tax maze!