- Features: ★★★★☆ 4/5
- Crypto Portfolio Management: ★★★★☆ 4/5
- Mobile App: ★★★★☆ 4/5
- Ease of Use: ★★★★★ 5/5
- Pricing: ★★★★☆ 4/5
- Customer Satisfaction: ★★★★☆ 4/5
Last Updated: May 18, 2022
- Features: ★★★★☆ 4/5
- Crypto Portfolio Management: ★★★★☆ 4/5
- Mobile App: ★★★★☆ 4/5
- Ease of Use: ★★★★★ 5/5
- Pricing: ★★★★☆ 4/5
- Customer Satisfaction: ★★★★☆ 4/5
Best for portfolio tracking and tax management solution for cryptocurrency owners
- Extremely beginner-friendly and intuitive interface
- Supports a huge number of cryptocurrencies, exchanges, and wallets
- Features built-in tax-loss harvesting and tax optimization advice
- Offers excellent, user-friendly mobile apps
- 1-on-1 customer support options are somewhat limited
- The free plan is very limited
- Specific tax reports are only available in 5 countries
Do you wish that you had a single dashboard where you could track and analyze your entire crypto portfolio, especially when tax season comes around? Well, we might just have the answer – Accointing, a crypto and bitcoin portfolio and tax tracking platform.
In this Accointing review, we’ll look at this service from all angles, including:
- Ease of use
- Customer support
- Pros and cons
What Is Accointing and How Does It Work?
Accointing is a portfolio tracking and tax management solution for cryptocurrency owners, traders, and investors. Accointing acts as a single point of reference where you can see the transaction history, value, real-time activity, and performance across all of your cryptocurrency exchanges and crypto wallets.
As such, it’s an alternative to services like CryptoTax, Delta, CoinTracker, CoinTracking, etc.
Accointing was founded in 2018 and is headquartered in Bern, Switzerland. The company was co-founded by Dennis Wohlfarth, Alex Lindenmeyer, and Kyle Zhang.
Accointing is mainly aimed at those who are relatively new to crypto investing or trading. The platform provides tailored and automated tax advice as well as recommendations for tax optimization, tax-loss harvesting, etc. It also gives you the ability to gain insights into your crypto portfolio’s performance thanks to a variety of data tracking options and visualizations.
Accointing supports over 300 exchanges and crypto wallets and is available in most countries. You’ll also find that there are more than 7,500 currencies supported.
As part of our Accointing crypto review, we’ll look at the features this service has to offer.
Accointing is a platform for tracking and analyzing your cryptocurrency portfolio – not for actively trading or gambling. That said, we were really impressed with how much Accointing offers. It doesn’t just provide you with raw numbers regarding how much crypto you have and where it’s stored. Accointing also provides you with real-time, valuable insights by intelligently analyzing your entire portfolio.
The way to look at Accointing is as a hub for all your crypto-related activities. You go there to research, analyze, and get notifications on important market events or conditions that affect all your crypto holdings.
At first glance, when comparing Koinly vs Accointing, for example, you might think that Accointing is not sophisticated enough. However, it has some extremely sought-after features, such as tax-loss harvesting and tax optimization.
You can then take that information to whatever crypto exchanges or wallets you use to make informed decisions when engaging in trading or other transactions.
So, how does Accointing achieve this? Let’s take an in-depth look into its features to find out:
Crypto Portfolio Management
If you have a broad and highly diversified crypto portfolio, it’s usually quite a nightmare managing it. So, one of the things we liked about Accointing is that it supports and integrates with a huge number of crypto wallets and over 300 exchanges.
So, chances are you’ll be able to oversee your entire crypto portfolio on a single platform. Usually, it’s really easy to connect an exchange or wallet by just following a simple setup wizard. By looking at numerous Accointing reviews, it’s clear how much people enjoy this platform’s simplicity.
Not wallets and exchanges are supported via a direct connection or integration. For those, you can simply import your crypto portfolio data using a .CSV file.
Some of the most popular exchanges to use include Binance, Coinbase, Bitstamp, Bitpanda, and Kraken. You can also directly connect to a wallet for a specific cryptocurrency, such as Cardano, Dogecoin, Atomic, Ripple, Stellar, Bitcoin, and many more.
Although you can’t directly carry out trades or transactions using Accointing, you can set up alerts based on market conditions so that you can make more informed and timely moves.
As Accointing defines it, a transaction is “any trade, transfer, deposit, withdrawal or movement between different blockchain technologies that take part in wallets, exchanges, brokers or any other type of crypto technology.”
If you’re still wondering “what is Accointing?”, now is a good time to clear up that it is not an investment or trading platform. However, its tools can help you learn how to invest better in cryptocurrencies.
You can’t actually initiate any transactions using the Accointing platform as it’s mostly a tracking and visibility tool. However, Accointing will automatically collect and collate all your transaction information from your various connected crypto wallets, exchanges, etc.
You will need to take your level of activity into account before you choose your Accointing plan. Accointing limits the number of transactions that it will include in your reports for managing your crypto portfolio or filing your taxes. The limit is 25 transactions for the free tax plan with limits of 500, 5,000, or 50,000 for the paid plans.
Also, beware if you plan on importing unlimited transactions as all Accointing plans have limits.
Now, we get to the part that most of you are here for: our Accointing crypto tax review.
As anyone with a substantial crypto portfolio knows, doing your taxes can be a nightmare. Tracking all your crypto-related incomes, figuring out what’s taxable, consolidating different tax rates, and organizing the data in a way that’s suitable for filing taxes can be really complex. And, it gets harder the more crypto you own (especially if it’s in different coins).
One of Accointing’s main features is its automated tax calculator tool. This crypto tax tool uses general, well-established tax rules and applies them to your crypto portfolio. Accointing doesn’t just follow US tax policies, but can also generate a specific tax report for tax residents of the UK, Austria, Switzerland, and Germany.
So, is Accointing legit in other countries? Yes, most of its features still work, but you can only get specific, legit tax advice if you’re a tax resident in one of those 5 locations.
Because it has all the relevant data related to your crypto holdings, the online tool can accurately create tax reports. These reports can be used by you if you personally file your taxes or by the company you hire to file your taxes for you.
For US citizens, it automatically creates your IRS Form 8949. However, you’ll need to manually fill in the data for your Schedule D form, and Accointing provides no help with Schedules 1, B, or C forms. Despite this limitation, we still found plenty to look forward to when researching for our Accointing crypto tax review.
It also has a built-in Trading Tax Optimizer (TTO) that can help crypto traders identify tax-saving opportunities. Before you execute your trades, you can consult with the TTO tool and it will give you suggestions on ways to make your trades in the most tax-efficient way possible.
For example, it can provide Tax-Loss Harvesting recommendations to reduce your tax bill for the current season. This allows you to optimize your profits/losses and pay minimal taxes.
The TTO tool can be used to provide tailored advice based on your goals as well as your net worth and level of activity. It’s really an impressive and advanced online tool that we were pleasantly surprised by.
Accointing’s portfolio tracker offers real-time tracking of your entire crypto portfolio, using either the website or the mobile app.
The dashboard incorporates user-friendly and attractive graphs, providing great visibility and insights into your crypto portfolio. For example, you can track the performance of individual cryptocurrencies, transactions, trades, or your entire portfolio. When researching for our Accointing app review, we were also impressed with the high-level oversight you get on mobile.
You can also adjust the review period from 1 day to 1 year as well as compare your performance to that of others.
It also shows your entire portfolio allocation using a pie chart to give you a quick glance at your entire portfolio.
Other useful data you can see is the changes in values, average purchase price, loss/profit, etc. of specific currencies, coins, or specific trades and transactions.
What we liked about it is that you don’t have to be an expert trader to understand the portfolio tracker. Everything is presented in a really simple and informative way for beginners. However, more experienced traders can use the filtering and reporting tools for deeper dives into the data.
Aside from the web interface, Accointing also comes in the form of a mobile app for Android and iOS. Both are available for download from their respective official app stores.
The mobile apps come with all the most important crypto management and tracking features:
- watch lists
- market views
- portfolio overviews
- portfolio and price alerts
Nearly every Accointing app review shows that the apps follow the same principles as the website when it comes to the user experience. The interface is really modern and intuitive without being too busy or overwhelming. The graphs and tracking tools are superb, giving you a quick and highly illustrative overview of your portfolio.
The customers’ satisfaction is reflected in the apps’ customer reviews as the iOS version has a 4.6/5-star rating and the Android version a 4.1/5-star rating. There are some complaints about syncing issues on the Android app which is why its rating is slightly lower.
However, the vast majority of users are still extremely happy with the app, and many claim that it’s the best of its kind.
|Crypto Portfolio Management||★★★☆☆ 3/5|
|Transaction Management||★★★☆☆ 3/5|
|Taxes Management||★★★★★ 5/5|
|Portfolio Tracking||★★★★★ 5/5|
|Mobile App||★★★★☆ 4/5|
Ease of Use
In the next part of our Accointing crypto review, we’ll give you a step-by-step look at our hands-on experience of signing up and getting started:
1. Go to the Accointing website and click any of the “Sign up” buttons:
2. You can then log in or sign up using any of the below accounts. Or, you can just provide your email and password:
3. You’ll then be taken through to your Accointing dashboard. The first thing you’ll want to do is add a wallet or exchange so that you can start importing and tracking your crypto. So, just click the green “Add a Wallet or Exchange” button:
4. Now, you can either search for a wallet or exchange directly using the search box or you can click the “Wallet” or “Exchange” buttons. Doing the latter will show a pop-up with the list of all the available wallets and exchanges for you to browse through. Find and choose your wallet/exchange of choice to continue:
If you compare Koinly vs Accointing, for example, it’s this kind of frictionless design that makes Accointing stand out.
5. Different wallets/exchanges integrate with Accointing in different ways. As you can see, Coinbase allows for automatic integration, file import, using an Accointing template, or manually entering your data. Other wallets/exchanges may have different options. Choose the method you prefer to proceed:
6. Accointing will just inform you of the type of data it will have access to for your awareness. Just click “Got it” to continue:
7. You can now give your exchange/wallet a name to use on your Accointing dashboard as well as choose a date range for importing data:
8. Depending on your exchange/wallet, you may need to authorize your email for security reasons:
9. Once that’s done, you’ll see the exchange/wallet listed on your Accointing dashboard under “Wallets.” It may initially take some time for Accointing to import all the information:
Just follow the steps in this hands-on Accointing review to add as many of your wallets or exchanges as you want. All of them will be listed on your dashboard and Accointing will automatically import the data and update your reports and portfolio tracking information in real time.
Next, you can check what type of subscription plans Accointing offers:
|Plan||Price + Subscription||What is included?||Best for|
|Free tax plan||$0||
||Beginner crypto holders with a small portfolio|
||Intermediate crypto traders and hobbyists with a moderate portfolio|
||Experienced and active crypto traders|
||Professional/full-time crypto traders|
If you’re still wondering “is Accointing legit?”, perhaps the fact that it offers a 30-day money-back guarantee with all its plans will convince you.
As you can see, Accointing’s pricing is relatively straightforward and all-inclusive. There is no feature lock based on your plan. The only thing that changes is the number of transactions that Accointing will take into account when generating reports or calculating your taxes.
Because of that, the free tax plan is actually extremely generous, especially if you mostly hold a significant amount of crypto without actively trading or engaging in other transactions. However, if you do actively trade or make a lot of transactions, you’ll need to upgrade in order to ensure that your reports and tax calculations are accurate and complete.
Unfortunately, Accointing only offers expert one-on-one support via ticket submissions. There is also no availability guarantee. However, you can also seek help from the community by asking a question on the forum or on their highly active social media channels. Generally, customer Accointing reviews are very positive with a 4-star rating on Trustpilot.
Let’s see how Accointing compares to its alternatives:
|Accointing vs Robinhood
For more info on Robinhood, check our full review.
|Robinhood doesn’t offer customized tax advice.||Accointing does not allow you to trade crypto like Robinhood.||Robinhood is one of the best no-fee trading platforms.|
|Accointing vs Wealthsimple
For more info on Wealthsimple, check our full review.
|Accointing does not have any minimum deposits.||Accointing does not offer investment opportunities or advice like Wealthsimple.||Beginners looking for an easy and safe way to start investing.|
|Accointing vs Koinly
For more info on Koinly, check our full review.
|Accointing offers its own, independent tax-loss harvesting tool.||Koinly’s free plan allows 10,000 transactions (with certain limitations though) compared with Accointing’s 25 (yet totally free).||Koinly is best for advanced tax reporting capabilities.|
There aren’t many crypto portfolio management and tracking tools that compete directly with the likes of Accointing and Koinly. One of the things that set Accointing apart from even its direct competitors is how beginner-friendly it is and how streamlined the tools are.
Options like Koinly may provide more advanced tax features (minus tax-loss harvesting), especially for those who file their taxes by themselves. However, the experience is not quite as frictionless as that offered by Accointing.
While Accointing doesn’t allow you to actively trade or invest, like Robinhood or Wealthsimple, these investing and trading platforms don’t allow you to combine data from your different exchanges and wallets. So, which platform is more convenient will depend on your preferences.
Accointing Review: Conclusion
Simple. Effective. Beginner-friendly. Those would be the top three words we’d use to describe Accointing after our thorough review of its cryptocurrency portfolio tracking and tax management capabilities. The balance between ease-of-use and intelligent tax advice means that it’s suitable for almost everyone, from newbies dabbling in crypto to full-time crypto traders for whom it’s their main source of income.
Accointing is a beginner-friendly, affordable, and effective crypto tax tool to track the performance of your crypto portfolio allocation and perform accurate tax calculations.
Yes. Privacy and security are obviously important factors when it comes to your crypto holdings. Accointing’s website is secured using SSL encryption and user data is protected by the AWS Key Management System (KMS). Accointing also doesn’t provide trading or transactions, so it cannot affect your exchange/wallet funds.
Yes, you pay for using Accointing per single tax year. However, if after you sign up you feel that you will burst your transaction quota and want that information included in your tax reports and calculations, you can upgrade your plan at any time.
Yes, as seen in this Accointing review, this service actually offers a very generous free plan. With the free plan, you can use all of its features, although you will only be able to process up to 25 transactions for the tax year in question.