10 Top Crypto Accounting Software for UK Crypto Enthusiasts
Cryptocurrency has changed how we think about money, but with its growth comes the challenge of keeping track of transactions, calculating taxes, and staying compliant with changing rules.
If you are an investor, trader, or business owner in the UK, handling this alone can quickly become overwhelming. That's where crypto accounting software comes in!
Let’s discuss some of the best crypto-accounting software and what you should look for while choosing.
What Is Crypto Accounting Software?
Crypto accounting software is a tool designed to make managing cryptocurrency transactions easier. Unlike regular accounting software, it's made specifically for digital assets like Bitcoin, Ethereum, and NFTs.
These tools include real-time portfolio tracking, integration with multiple exchanges, and tax compliance support. This helps users stay organized while meeting legal requirements.
With crypto accounting software, you can avoid the confusion and stress of managing crypto finances manually and ensure everything is accurate.
Best Crypto Tax Software for UK Users
Several tools make handling your tax reports easier and staying compliant with HMRC.
Here’s a quick look at some of the best crypto tax software options for UK users.
1- Koinly: Easy to Use for Investors and Small Businesses
Koinly is excellent for UK users because it fully complies with the HMRC’s cryptocurrency tax regulations. It helps with tax reporting, including Capital Gains Tax (CGT). Moreover, it automatically matches your transactions from over 90+ wallets and 350+ exchanges, so you don’t have to do it manually.
It’s perfect for individual investors and small businesses. Koinly is free for basic tracking, and tax reporting plans start at £39 per year.
2- CoinTracker: A Smooth Option for Traders and Crypto Holders
CoinTracker works well for UK users by connecting with HMRC-compliant tax software, making filing your taxes easier. It tracks all your transactions across wallets and exchanges and gives you tips on your UK tax obligations.
This is ideal for traders and crypto holders. CoinTracker has a free version for basic use, with premium plans starting at £49 per year for extra features.
3- ZenLedger: Great for Advanced Traders and NFT Fans
ZenLedger is perfect for UK users who trade more complex assets, like DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens). It handles all kinds of transactions and helps with capital gains and income tax reporting for HMRC. Plus, it creates ready reports in case HMRC asks for an audit.
This is best for advanced traders and businesses. ZenLedger’s plans start at £40 per year.
4- CoinTracking: A Complete Solution for Crypto Portfolios
CoinTracking offers one of the most detailed tracking systems for your crypto transactions. It works with over 110 exchanges and wallets, helping you keep everything in check. The software generates HMRC-compliant reports, including CGT calculations, and gives you insights into your portfolio’s performance.
It’s great for people with many crypto transactions or businesses needing detailed reports. CoinTracking is free for up to 200 transactions, and paid plans start at almost £100 per year.
5- TokenTax: Expert Help for High-Net-Worth Individuals
TokenTax is ideal for people who need specific help with HMRC reconciliation. The software connects you with tax professionals who know the ins and outs of UK crypto tax laws. It also handles more complicated portfolios, like staking and DeFi.
TokenTax is best for high-net-worth individuals and businesses. Pricing starts at around £50 per year.
6- Ledgible: Perfect for Businesses and Accountants
Ledgible is a great platform for businesses and accountants. It’s designed to meet UK tax rules and helps with mining, staking, and multi-chain transactions. Ledgible is also built to handle corporate-level needs, so it’s great for companies that manage a lot of cryptos.
Ledgible is best for businesses and accounting firms. Individual plans start at £40 per year, with custom pricing for larger companies.
7- Cryptio: Best for Enterprises and Startups
Cryptio is built for crypto-native businesses and startups in the UK that need HMRC-compliant reporting. It offers tools for managing crypto treasury and reconciliation and integrates smoothly with ERP (Enterprise Resource Planning) systems.
Cryptio is ideal for enterprises and Web3 startups. The pricing is custom, depending on the features you need.
8- QuickBooks with BitPay Integration: Simplifying Reconciliation
If your business already uses QuickBooks, adding BitPay can make managing your fiat (GBP) and cryptocurrency accounts easier. This tool is excellent for businesses accepting crypto payments and needing to comply with UK rules. It works well with HMRC-compliant tax software for easy filing.
This option is perfect for businesses already using QuickBooks. Pricing depends on your QuickBooks and BitPay subscriptions.
9- Bitwave: For Enterprises Handling Crypto Payroll and Payments
Bitwave is a powerful tool for businesses that manage crypto payroll, payments, or invoices. It helps you stay compliant with UK VAT (Value Added Tax) and cross-border transactions and prepares your business for audits.
Bitwave is designed for large enterprises. Pricing is custom based on your needs.
10- CoinLedger: Simple Tax Reporting for Individuals and Small Businesses
CoinLedger is another excellent choice for individuals and small businesses in the UK. It simplifies tax reconciliation and generates HMRC-compliant reports. It’s great for people who manage several wallets or exchanges.
CoinLedger is perfect for individual investors and small businesses. Pricing starts at £39 per year, which makes it a budget-friendly option.
Read More: How to Choose the Best Crypto Tax Accountant Near You?
How to Choose the Best Crypto Accounting Software?
When selecting the best crypto accounting software, keep the following factors in mind:
Define Your Needs: Are you an individual investor, trader, or business owner? Do you need to track DeFi or NFT transactions?
Try Free Trials: Many platforms offer free trials, allowing you to test them and choose the best fits your workflow.
Check for Integration: Ensure the software integrates with your exchanges and wallets.
Review Pricing: Look for pricing plans that match your budget while offering the needed features.
Evaluate User Feedback: Reading reviews can provide valuable insights into a software’s strengths and weaknesses.
Ensure Regulatory Compliance: For international traders, ensure the software supports multiple tax regulations.
Conclusion!
Crypto accounting software is an essential tool for anyone involved in cryptocurrency. Investing in the right software can save time, reduce errors, and avoid costly mistakes.
Explore top solutions today and take the first step toward hassle-free crypto management. Contact Crypto Accountants to get started with your crypto tax accounting and reconciliation.