The best alternative to Accointing
17 Jul, 2023 · 10 min read
The world of cryptocurrencies is complex and constantly changing. To succeed in this dynamic environment, investors need the right tools to manage their investments and optimize taxes. But is Accointing really the best option on the market? In this article, we shed light on the current situation and offer a powerful alternative to Accointing that is superior in many aspects.
What is Accointing
Accointing is a portfolio management and tax reporting platform founded in 2018. It offers features such as importing transactions from various wallets and exchanges, tracking tools, and tax reporting. Accointing offers country-specific tax calculations and is available in two languages with different pricing models.
We now take a closer look at CoinTracking and show why the market leader is considered the best alternative to Accointing.
CoinTracking vs Accointing
CoinTracking has established itself globally and has been on the market since 2012. The platform is a superior alternative and not only offers all the features like Accointing, but has many more advantages and features.
Price
There are notable differences between the two platforms in terms of pricing. CoinTracking offers a better price-performance ratio and more favorable pricing models.
For instance, CoinTracking provides a completely free option for up to 200 transactions and offers an unlimited lifetime account, which can be particularly appealing for traders or DeFi applications. Comparing the 1-year subscription with up to 50,000 transactions, Accointing charges $429 while CoinTracking only costs $284.
Furthermore, the selected plan can always be used until the transaction limit is reached, while with Accointing the plan is always limited to one year and must then be renewed.
So for example, if you had 1000 transactions in 2022 and another 1000 transactions in 2023, using CoinTracking would cost you only $115, whereas Accointing would cost you $298.00.
CoinTracking price chart
| Transactions | ||||||
|---|---|---|---|---|---|---|
| Plan | 200 | 3.500 | 20.000 | 50.000 | 100.000 | Unlimited |
| 1 year | 0 | $115.00 | $220.00 | $284.00 | $388.00 | $775.00 |
| 2 years | 0 | $206.00 | $335.00 | $335.00 | $620.00 | $1,188.00 |
| Lifetime | 0 | $408.00 | $967.00 | $967.00 | $1,398.00 | $6,026.00 |
Accointing price chart
| Transactions | ||||
|---|---|---|---|---|
| Tax year | 100 | 1.000 | 10.000 | 50.000 |
| 2023 | $49.00 | $149.00 | $329.00 | $429.00 |
| 2023/2022 | $98.00 | $298.00 | $658.00 | $858.00 |
| 2023/2022/2021 | $147.00 | $447.00 | $987.00 | $1,287.00 |
| 2023/2022/2021/2020 | $196.00 | $596.00 | $1,316.00 | $1,716.00 |
| 2023/2022/2021/2020/2019 | $245.00 | $745.00 | $1,645.00 | $2,145.00 |
Features
To understand the benefits of CoinTracking, let’s take a look at the core features of both Accointing and CoinTracking.
Portfolio Tracker Dashboard
Portfolio tracking features are crucial for real-time monitoring of crypto investments and obtaining detailed information on the portfolio performance.
| CoinTracking | Accointing | |
|---|---|---|
| Historical Charts | 26 000+ | 7000+ |
| Current price | 26 000+ | 7000+ |
| Total Value each Coin | ✅ | ✅ |
| Total Account Value | ✅ | ✅ |
| Total Trades | ✅ | ❌ |
| Trades per Exchange | ✅ | ❌ |
| Trades per Month | ✅ | ❌ |
| Balance by Day | ✅ | ❌ |
| Balance by Exchange | ✅ | ✅ |
| Balance by Currency | ✅ | ✅ |
Import of transactions
Both platforms offer to import transactions from various exchanges, wallets, and blockchains. However, CoinTracking surpasses in this aspect by providing more extensive options for importing transactions overall. It is especially appreciated by customers that all import functions work smoothly and without errors.
| CoinTracking | Accointing | |
|---|---|---|
| Exchanges | 141 | 44 |
| Wallets & Blockchains | 200+ | 86 |
| API Importer | 55 | 27 |
| CSV Importer | 86 | 28 |
| Legacy Importer | 22 | – |
| Transactions limit | unlimited | up to 50.000 |
| Backups | 20 | – |
| Sub-accounts | yes | – |
Portfolio Analysis Reports
These reports provide deep insights into your portfolio performance. Compared to Accointing, CoinTracking’s reports are significantly more comprehensive, making them a valuable tool for any crypto investor.
| CoinTracking | Accointing | |
|---|---|---|
| Current Balance | ✅ | ✅ |
| Balance by Exchange | ✅ | ✅ |
| Balance by Currency | ✅ | ✅ |
| Coins by Exchange | ✅ | ✅ |
| Realized Gains | ✅ | ✅ |
| Unrealized Gains | ✅ | ✅ |
| Tax-privileged Coins (Short & Long) | ✅ | ✅ |
| Missing Transactions | ✅ | ✅ |
| Duplicate Transactions | ✅ | ✅ |
| NFT Center | ✅ | ❌ |
| Average Purchase Prices | ✅ | ❌ |
| Coin Charts | ✅ | ❌ |
| Coin Price Calculator | ✅ | ❌ |
| User Statistics | ✅ | ❌ |
| API Live Data check | ✅ | ❌ |
| Trading Statistics | ✅ | ❌ |
| Trading List | ✅ | ❌ |
| Trading Prices | ✅ | ❌ |
| Trading Fees | ✅ | ❌ |
| Number of Trades | ✅ | ❌ |
Tax reports
| CoinTracking | Accointing | |
|---|---|---|
| Countries | 100+ | 48 |
| Tax methods | 14 | 6 |
| Transactions | unlimited | up tp 50.000 |
| Capital gains | ✅ | ✅ |
| Income | ✅ | ✅ |
| Margin gains | ✅ | ✅ |
| Gifts and donations | ✅ | ❌ |
| Fees | ✅ | ❌ |
| Lost and stolen Funds | ✅ | ❌ |
| Closed positions | ✅ | ❌ |
Tax Tool Integration
| CoinTracking | Accointing | |
|---|---|---|
| Turbotax | ✅ | ✅ |
| TaxACT | ✅ | ✅ |
| Drake | ✅ | ❌ |
| Wiso Steuer | ✅ | ❌ |
| TaxDown | ✅ | ❌ |
| HR block | ❌ | ✅ |
| Cash App | ❌ | ✅ |
Tax Forms
| CoinTracking | Accointing | |
|---|---|---|
| USA (Form 8949) | ✅ | ✅ |
| USA (Form 8938) | ✅ | ❌ |
| USA (Form 1040) | ✅ | ❌ |
| Canada (T1135) | ✅ | ❌ |
| Germany | ✅ | ✅ |
| Austria | ✅ | ✅ |
| Switzerland | ❌ | ✅ |
| UK | ✅ | ✅ |
| Australia | ✅ | ✅ |
| Spain | ✅ | ❌ |
| Italy | ✅ | ❌ |
| Belgium | ✅ | ❌ |
| Denmark | ✅ | ❌ |
| Finnland | ✅ | ❌ |
| India | ✅ | ❌ |
| New Zealand | ✅ | ❌ |
Countries and languages
CoinTracking offers tax reports for over 100 countries worldwide in 15 different languages.
| CoinTracking | Accointing | |
|---|---|---|
| Countries | 100+ | 48 |
| Languages | English, German, Spanish, French, Italian, Polish, Portuguese, Indian, Russian, Albanian, Turkish, Vietnamese, Catalan, Korean, Chinese |
German, English |
Switch to CoinTracking
To take advantage of CoinTracking, it doesn’t require a lot of effort. However, there are a few basic steps that should be followed.
Recapture transactions – Recommended!
It is recommended to export the complete transaction history from Accointing. All transactions should then be re-entered into CoinTracking. This will ensure that all information is complete and accurate.
Importing data from Accointing into CoinTracking
Entering transactions can either be done manually for a manageable amount of data, or via an automatic import of an Excel or CSV file. Once the data is imported into CoinTracking, it is important to carefully review and verify its completeness and correctness.
Frequently asked questions
about Accointing alternatives
Conclusion
Although Accointing is a solid platform for crypto portfolio management and tax reporting, CoinTracking offers a superior alternative. With its comprehensive features and affordable pricing, the platform is an excellent choice for those who value reliable portfolio management and want to efficiently generate tax reports.
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