- 8.2/10 Score
- 8.2 Rating
Blockpit vs CoinTracking
Which should you choose?
Choose Blockpit if you prioritize streamlined tax compliance and want a tool specifically optimized for accurate, jurisdiction-specific tax reporting with minimal setup. Choose CoinTracking if you need comprehensive portfolio analytics across multiple exchanges and want more detailed trading insights alongside tax reporting capabilities. For casual investors focused solely on taxes, Blockpit is the faster choice; for active traders needing deep analytics, CoinTracking offers better value.
- 6.0/10 Score
- 6.0 Rating
- Free
| Feature | Blockpit | CoinTracking |
|---|---|---|
| Invoicing & Billing | – | – |
| Expense Tracking | – | – |
| Bank Reconciliation | – | – |
| Financial Reporting | – | – |
| Multi-currency Support | – | – |
| Tax Compliance | – | – |
| Accounts Payable/Receivable | – | – |
Blockpit
- Free basic version available for crypto portfolio tracking and tax reporting
- Legitimate tax expertise through partnerships with certified tax advisors (Validvent, Baumann)
- Data accuracy issues - users report significant discrepancies (thousands of euros) between Blockpit and exchange balances
- Technical limitations with multi-token transactions (liquidity provision, staking) showing as unlabeled separate transactions
CoinTracking
- Scammers impersonate the service via phone calls claiming users have dormant accounts with substantial Bitcoin holdings
- Fraudsters create fake login portals mimicking the legitimate website to steal credentials and personal information
Frequently asked questions
- Which tool is better for my needs?
- Blockpit is better if your primary focus is tax compliance and reporting accuracy, while CoinTracking is better if you need comprehensive portfolio analytics alongside tax reporting. Choose Blockpit for streamlined tax workflows, or CoinTracking if you want deeper trading analysis across multiple exchanges.
- What's the main difference between Blockpit and CoinTracking?
- Blockpit specializes in automated tax report generation with a focus on compliance, while CoinTracking emphasizes portfolio analytics and supports integration with 300+ exchanges for detailed trade tracking. Both generate tax reports, but CoinTracking offers broader exchange coverage and analytics features.
- How do the prices compare?
- Specific pricing details for either tool are not provided in this comparison. Visit Blockpit's and CoinTracking's websites directly to review their current pricing plans and choose based on your budget and feature needs.
- Is it worth switching from one to the other?
- Switching is worth it if your current tool doesn't meet your specific needs—switch to Blockpit if you need better tax accuracy, or to CoinTracking if you need more detailed analytics and multi-exchange support. Evaluate whether the features you're missing justify the migration effort and any switching costs.
