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Frequently Asked Questions

Below is a collection of answers to frequently asked questions about the Ledgible Crypto platform can how it can help you integrate cryptocurrency into your accounting, tax, and audit efforts.
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Which cryptocurrencies / blockchains / wallets / exchanges does Ledgible support?

See the list of our supported chains on our Supported Integrations page. Rest assured that we are constantly vetting and evaluating new integrations to support, so don't hesitate to ask if you don't see one you need.

Which accounting platforms does Ledgible support?

We are proud to offer certified integrations for Xero, QuickBooks Online and Netsuite. Through these integrations, you can keep your cryptocurrency assets in sync with your existing Chart of Accounts and run reports. We also offer file-based integrations for many other systems.

What kind of reporting does Ledgible provide?

We offer a core set of reports, including wallet balances, capital gain and loss and exchange orders among many others that allow you to filter and view your entire crypto portfolio in meaningful ways. See our Ledgible Crypto Business Accounting page for more information.

I don't see an integration that is critical to my business or asset portfolio, how will I know if you can support it?

Our team is constantly adding and improving the integrations on the Ledgible Crypto platform. If you don't see something you need, please reach out and ask us if it is on our roadmap.

What happens if I cancel my subscription?

There are no commitments required for tour custom monthly plans. These can be cancelled at any time once your subscription starts and you can download all of your data at any point. If you signed up for an annual commitment, we will prorate your refund based on the Monthly (non-discounted) rate for the months you were subscribed to the platform.

Where can I learn more about how the Ledgible platform works?

We maintain an active knowledge base for Ledgible users that is populated with detailed instructional content.

Do you pay taxes on crypto?

Yes according to the IRS cryptocurrency guidelines, the sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or services, or holding virtual currencies as an investment, generally has tax consequences that could result in tax liability. 

How much is crypto taxed?

Crypto currency tax obligations vary greatly in complexity. Generally speaking, your tax obligations will be based on disposal events. If the disposal date is less than a year after acquisition, it can be considered short-term capital gains and you will be taxed based on your income bracket. If the virtual currency is disposed later than one year, it is considered long-term capital gains and the tax rate is 0%, 15% or 20% depending on your taxable income and filing status.

How can I figure out my specific crypto tax obligation?

By using Ledgible Crypto Tax, you get clear reporting on the gain and/or losses you have incurred during the tax year.

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