Crypto Tax Software Prices Hike with Transaction Volume

For crypto investors in Germany, it's essential to keep track of every transaction for tax returns. The records should include date, time, type of event, quantity, euro rate at the moment of trade, and the platform used.

With manual record-keeping becoming impractical beyond a few hundred entries, tax software for crypto-assets has become necessary. A recent comparison of four popular providers - Blockpit, Divly, Waltio, and Coinpanda - reveals how their pricing models work.

The logic behind the prices is the same across all four providers: users pay according to the number of transactions in the relevant tax year, not the value of the portfolio or the number of connected exchanges. This means that active traders who frequently move funds may end up paying more than those with a static portfolio.

Blockpit offers one-off purchases per tax year, ranging from 49 euros for 50 transactions to 549 euros for over 10,000 transactions. Divly's pricing tiers are also based on transaction volume, but the prices are lower, starting at 39 euros and reaching 599 euros for 100,000 transactions.

Waltio operates on an annual subscription model, with five tiers that offer varying features, including DeFi tracking, automatic profit and loss calculation, and guidance on tax returns. The most expensive tier costs 999 euros annually. Coinpanda stands out as it bills in US dollars and does not provide a German tax form specifically tailored to the country's requirements.

When comparing prices for 1,000 transactions across all four providers, three of them - Blockpit, Divly, and Waltio - land at around 99 euros, but the payment models differ: one-off purchases versus annual subscriptions. The choice between these options depends on individual circumstances and how likely a user is to need tax software in future years.