- 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.
- 7.3/10 Score
- 7.3 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
- Capable of handling large transaction volumes (30,000+ transactions tracked)
- Supports multiple exchanges, spot trading, and derivatives in one platform
- Produces balance errors and negative holdings when not properly configured
- Steep learning curve requiring professional expert assistance for proper setup and historical data cleanup