Accointing Review: Polished Crypto Tracking And Crypto Taxes

If you’re a cryptocurrency investor looking to keep close track of the financial performance of your digital assets, Accointing may be a good pick. Accointing is a web and mobile platform that connects to your crypto exchange accounts and wallets to track values, performance, transactions, and compile tax forms.

You can track your crypto portfolio with Accointing year-round for free, but most people must pay for tax forms and reports. You can use Accointing for free for up to 25 transactions per year, which works only for a small sliver of the crypto community. If you have 26 to 50,000 transactions, you’ll need to pay for an annual tax filing plan. Another important limitation is that it only works for up to 50,000 transactions per year, so extremely active and institutional investors won’t be able to use Accointing.

If you have somewhere between a few hundred and a few thousand transactions, you’re in the sweet spot for Accointing’s ideal customer. Here’s a closer look at what you need to know about Accointing. If you’re still hunting for the best crypto tax software, check out our list of the best cryptocurrency tax platforms here.

What Is Accointing?

Accointing is a cryptocurrency tracking and tax reporting platform from the company Glassnode. While you can use it anywhere in the world, it’s optimized for users in the U.S., U.K., Australia, Germany, and Switzerland. Accointing was acquired in October 2022 by Glassnode, a cryptocurrency analysis company based in Switzerland.

Glassnode was founded in 2017 and its flagship product is a powerful cryptocurrency trading platform designed to help active and institutional investors time the crypto markets.

As a newly acquired company, Accointing is poised to see improvements and optimizations in the coming years. For now, it remains a solid choice for year-round cryptocurrency portfolio tracking. It’s also a reasonably good option for cryptocurrency taxes, depending on the complexity of your portfolio and how much you want to spend on crypto tax forms.

What Does It Offer?

Accointing is a cryptocurrency tracking and tax reporting platform from the company Glassnode. While you can use it anywhere in the world, it’s optimized for users in the U.S., U.K., Australia, Germany, and Switzerland. Accointing was acquired in October 2022 by Glassnode, a cryptocurrency analysis company based in Switzerland.

Glassnode was founded in 2017 and its flagship product is a powerful cryptocurrency trading platform designed to help active and institutional investors time the crypto markets.

As a newly acquired company, Accointing is poised to see improvements and optimizations in the coming years. For now, it remains a solid choice for year-round cryptocurrency portfolio tracking. It’s also a reasonably good option for cryptocurrency taxes, depending on the complexity of your portfolio and how much you want to spend on crypto tax forms.

For 2023, see our picks for the best tax software here.

What Does Accointing Offer?

Accointing offers two main features

1. Cryptocurrency tracking 
2. Cryptocurrency taxes 

It supports for more than 400 exchanges and 20,000 cryptocurrencies. It also tracks the value of NFTs.

Cryptocurrency Portfolio Tracking

Anyone can use the cryptocurrency portfolio tracking features at Accointing for free. Generating tax forms is very easy if you already use the app for your crypto portfolio. Remember that portfolio tracking is designed to entice you with the opportunity to upgrade to a paid tax filing package every year.

Connecting to major exchanges like Coinbase is relatively quick and painless. Depending on your wallet or exchange, the steps to add your accounts takes anywhere from a few moments to a few minutes. If you have a lot of crypto accounts, it takes some time to set everything up, but that’s true of all crypto tax platforms.

Accointing works with most major cryptocurrency exchanges and wallets. If you use an obscure crypto exchange, you can add your data to a spreadsheet template and upload it manually.

Considering it’s free, this is a great offering and worthwhile if you don’t already have a crypto tracking tool.

There’s a web-based version and mobile versions for Android and iOS devices.

Cryptocurrency Taxes

Whether you like it or not, Uncle Sam wants to know how much money you made from crypto last year to get his slice. Major tax software like TurboTax can import tax forms summarizing your crypto activity. However, you’ll likely need an external platform like Accointing to put those tax forms together.

Tax reports from Accointing work for anyone with up to 50,000 annual transactions. If you have 25 or fewer, it’s free. If you have too many transactions, you’ll be prompted to pay to unlock a plan that works for your cryptocurrency holdings.

The tax report you get for United States taxes comes in a nonstandard format, so you’ll have to enter the results into your chosen tax filing program manually. That’s a big downside, though you get all of the information you need in a summary that’s easy to understand.

This shouldn’t be too tough if you’re confident and experienced with handling your taxes. But those less comfortable may struggle to put the form to use.

Are There Any Fees?

Accointing is free for cryptocurrency tracking and taxes when you have up to 25 transactions per year. Here’s a breakdown of costs beyond 25 transactions:

There’s a 30-day money back guarantee for paid plans, so you can get a refund if you sign up and you’re not happy in the first month.

How Does Accointing Compare?

How Do I Open An Account?

Opening an account with Accointing is quick and easy. You’ll need to enter an email and password or connect with an existing online account from Google or Apple. No payment information is necessary when signing up.

After confirming your email address, you’ll have full access to add your crypto accounts and wallets to track your portfolio value and do your taxes.

Is It Safe And Secure?

Accointing doesn’t get access to your wallet’s private keys, and you should only connect using API keys with read-only or view-only access. When you do so, your cryptocurrency remains safe even if a data breach happens with Accointing. 

However, it uses strong security and encryption features, so your information is generally safe.

Remember that all websites have at least some small risk of hacking. 

Use a unique password on every website, particularly financial ones like Accointing and your crypto exchanges. Also, take advantage of two-factor authentication as a second defense against cybercriminals.

How Do I Contact Accointing?

The primary method to contact support is with an email-based help form. You can email them directly [email protected]. There’s a chatbot and self-help section available as well. You can’t get quick live help from a human, whether by chat or phone.

One unique opportunity for help is available, however. There’s a link to schedule a 15-minute call with a member of the Accointing staff. It’s designed to provide feedback, but you can probably sneak in a few questions while you’re meeting.

Is It Worth It?

The free cryptocurrency portfolio tracking feature from Accointing is worth it if you’re not already tracking your entire cryptocurrency and NFT portfolio somewhere else. The easy setup and robust support for many exchanges and currencies make the setup process easier than others.

Accointing Features