If you're in the market for a cryptocurrency tracking solution, you've probably come across both Cointracker and Zenledger. Both platforms offer a variety of features and benefits, but which one is right for you? In this post, we'll take a closer look at both Cointracker and Zenledger to help you make a decision, as well as look at a good alternative.
Cointracker vs. Zenledger: Overview
Some of the key features of Cointracker include portfolio tracking, tax calculation, and import/export capabilities. Cointracker also offers a premium subscription service that gives users access to additional features like real-time data and unlimited exchanges.
Zenledger is a paid platform that offers similar features to Cointracker, including portfolio tracking, tax calculation, and import/export capabilities. One key difference between the two platforms is that Zenledger allows users to track their portfolios in real-time, whereas Cointracker does not. In addition, Zenledger has some integrations with accounting tools that Cointracker doesn't.
Cointracker vs. Zenledger: Pricing
One of the biggest differences between Cointracker and Zenledger is pricing. Cointracker is free to use to start, while Zenledger starts at $9 per month ( billed annually). If you opt for the premium subscription service from Cointracker, it will cost you $79 per year.
Ease of Use:
Both Cointracker and Zenledger are relatively easy to use; however, there are a few key differences between the two platforms. First of all, Cointracker does not offer real-time data tracking, which means you will have to manually refresh your portfolio data in order to see the most up-to-date information. Additionally, Cointracker can be difficult to navigate if you have a large portfolio; this is due to the fact that all of your assets are displayed on one page.
Zenledger, on the other hand, offers real-time data tracking as well as an intuitive interface that makes it easy to view your entire portfolio at a glance. In addition, Zenledger integrates with popular accounting software like QuickBooks and Xero, which makes it easy to keep track of your crypto taxes.
So, which platform is right for you?
While Cointracker and Zenledger both offer features attractive to investors, they don't have the widest functionality. The Ledgible crypto tax and accounting platform is trusted by top institutions and accounting firms – it's also the only tool of the three that is fully SOC 1 & 2 Type 2 Audited, the highest level of independent data security for a software provider.
Ledgible offers all of the features Zenledger and Cointracker do, with the additional functionality of connecting your account to a tax pro if your DIY crypto taxes get too difficult. Ledgible is also free to get started and discover your tax burden, then it's $49 come tax season when you want to report your gains and losses. With integrations into TurboTax and other DIY consumer tax platforms, there's really no better option for crypto investors looking for a crypto tax and accounting platform.
The Ledgible platform also fully supports CPAs and Tax professionals - in fact, it's the only tool designed from the ground up for this market, meaning it's the only platform where you'll find client and team management portals alongside integrations with the leading professional tax software, like Thomson Reuters and Wolters Kluwer CCH Axcess.