✅ It provides Strong support for DeFi applications.
✅ It integrates TurboTax.
✅ There is a free choice for novice cryptocurrency traders.
✅ Tax experts are available for additional assistance.
✅ For all users, there is premium customer support available.
✅ Track cryptocurrency holdings and transactions across several exchanges and wallets.
✅ Tax-loss harvesting reports are provided without further cost.
✅ Excellent customer service.
❌ Only higher-end user tiers have access to DeFi functionality.
❌ Tax professional assistance at the entry level is expensive.
❌ Localized tax form support is provided only in the United States.
❌ If you have more than 100 transactions, it may be pricey.
❌Some accounts can’t connect using the API.
ZenLedger’s official website makes it simple and quick to sign up for the service. To start the process of creating your account, simply click the “Get Started for Free” icon in the upper-right corner of the homepage. To create your account, you must enter your email address and password on the next page. However, you can also sign in using your Google or Coinbase accounts. You can start linking your exchange accounts and cryptocurrency wallets to ZenLedger once your account has been created and you have signed onto your custom homepage.
ZenLedger supports all popular crypto and fiat currencies, including Yen, Dollars, Euros, Pounds Sterling, Ethereum, and Litecoin. The website is regarded as a tax-loss harvesting device.
In order to make it simple to manage many clients from a single IRS-friendly interface, ZenLedger has made sure to customize its application to meet CPAs and professional accountants as well. It also provides tax forms.
Individual users can use the tool to determine their bitcoin taxes, and ZenLedger didn’t forget about any form of the crypto user profile, including day traders and miners.
As would be expected from a tool of this nature, ZenLedger provides tier-based options catered to users with various preferences. Two factors are used to categorize the packages:
a) The number of transactions.
b) The cost of digital assets
The cheapest pricing package is set at $69 for those with up to $15k in asset worth and less than 100 crypto transactions. The largest package, which starts at $999, has no restrictions on the number of transactions or the value of the assets.
|The Plan||Annual Cost||Transaction Limit|
In the world of cryptocurrency exchanges and wallets, ZenLedger interacts with everything that seems important. Each week, they continue to add new integrations. Major exchanges that are supported by ZenLedger are- Bittrex, Gemini, Cryptopia, KuCoin, Binance, Kraken, Coinbase, Binance.us, Coinbase Pro, Ledger, Robinhood, Trezor, BitMEX, etc
In the case of multi-coin wallets, not all coins are supported as ZenLedger only supports these blockchains at this time: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH & ERC-20), Ethereum Classic (ETC), Ripple (XRP), Dash (DASH), Litecoin (LTC), NEO, EOS, and Dogecoin (DOGE).
ZenLedger’s status as a reliable crypto tax tool for novices has some drawbacks, including the fact that users outside of the United States are not supported for localized tax documents.
In this new era of decentralized finance, ZenLedger was developed for cryptocurrency traders and tax experts who needed a solution to streamline the crypto tax accounting procedure (DeFi). To provide complete coverage for traders who operate in these unpredictable markets, ZenLedger interacts with a wide range of exchanges and cryptocurrency networks, like many other trackers for cryptocurrencies on the market.
If the user creates a new account using the ZenLedger referral link, they can be qualified for a bonus. By employing the offered referral link or referral code, users can benefit from the referral incentive.
Since the “Referral Code” area in your browser will already be filled in, using our link or referral code is now hassle-free. Just complete the last few stages of the registration process.
Due to its extensive automated support for these kinds of applications, this platform is especially well-liked by companies in the DeFi sector.
Before continue, make sure you have read and comprehended all of the T&Cs. Make sure you are completely aware of all the terms before you begin your trading adventure with them with joy and satisfaction.
ZenLedger has never experienced a data breach and complies with all industry best practices for cyber security. The most crucial point to keep in mind is that ZenLedger only has checking rights on your exchanges, not access to your funds, in order to gather the necessary data. However, you may add a second layer of security (2FA) to your ZenLedger account, all data is transmitted via SSL encryption, and you can enable email notifications for login and other account operations.
They are extremely quick and cordial. On their website, there is a chat feature where you may ask any inquiry and get a response practically immediately. You can also use the conventional email ticket system to contact support.
Additionally, they have a sizable knowledge base that, along with their blog, provides access to a wealth of relevant information about bitcoin taxation.
Simply put, ZenLedger is among the greatest solutions available for people who are new to cryptocurrency taxation or the industry at large. Yes, the user interface is really nice, but ZenLedger’s high beginner utility goes much beyond having a user-friendly app.
For starters, ZenLedger’s customer service is unrivaled in that it is accessible to all platform users, including those who do not pay for an account. Additionally, it is uncommon for these kinds of programs to allow customers to get their whole tax reports with a free account. Those who may have been active in the cryptocurrency community for a long time but are only now dipping their toes into Ethereum and various DeFi applications may find value in the strong interaction with these applications. So, ZenLedger can be one of the best crypto tax tools for beginners.
The high level of user support offered by ZenLedger is arguably its strongest feature. Customer assistance is a common element in the crypto tax accounting sector. However, it is less common for all customers to have access to full, premium service. Despite this, if you want help from a certified tax professional, you will still need to be prepared to fork over a sizeable sum of extra cash.