Kryptos Vs Zenledger: Which Crypto Tax Calculator is Right for You?

As a crypto investor, you need to be on your toes when it comes to filing your taxes. You need to actively track all your transactions and keep a detailed record of these transactions to accurately file your crypto taxes. But let’s face it, it’s not particularly the most fun part about crypto investments. On average, you make anywhere between 100-1000 transactions every year, and tracking all of them is a hassle that you would love to let go of.

Crypto tax software is designed to take that hassle away from you. Crypto tax software can easily auto-fetch your transactions from your wallets, exchanges, and trading profiles within minutes and calculate all your gains/losses for you while you sip your coffee on the couch. They are more than capable of generating legally compliant tax reports based on your location and using a crypto tax software costs significantly less than hiring a tax accountant to do it for you.

So let’s get started…

What are Crypto Tax Tools?

Crypto tax software is simply a tool, available as a browser extension, web application, or mobile app, specifically developed to automate tax accounting for cryptocurrency users. It has advanced features that enable it to seamlessly auto-fetch user transactions from various digital wallets and crypto exchanges, creating a unified dashboard of all user activities.

By leveraging comprehensive data sets that contain vital information and country-specific regulations, these apps can accurately calculate capital gains and income, cross-reference them with local tax laws, and generate reliable tax reports within minutes. Ultimately, crypto tax tools are purposefully designed to streamline the tax filing process for cryptocurrency investors worldwide, while keeping it cost-effective.

Kryptos vs Zenledger Supported Countries

Zenledger is only available for users in the USA, so if you live outside of the US, you won’t be able to access Zenledger’s services.

Krytoksatt on the other hand fully supports three countries, Sweden, Norway, and Denmark with new countries being added as we talk. The supported countries list for Kryptoksatt is expected to grow to 10+ countries including the UK, Canada, and the US within the next few months.

Accessibility is a major problem with Zenledger despite being a major player. With Kryptos you can access our services from multiple countries and our regional customer support is ready to assist you on every step of your crypto taxation journey. We comply with the local tax laws, and we get your tax reports audited by CPAs from your jurisdiction to avoid any errors or legal discrepancies.

We don’t blindly rely on our algorithms to create your tax reports, we make sure they’re accurate and you don’t have to pay an extra penny in taxes.

Kryptos vs Zenledger Supported Exchanges and Wallets

Both Kryptos and Zenledger support all major crypto exchanges like Binance, Coinbase, Fantom, Crypto.com, Curve, Bancor, and Coinswitch. Given below is a list of all the exchanges supported by both Kryptos and Zenledger, you can look for your favourite exchanges in the list to ensure your investments are accounted for when you use them:

Exchanges Supported by Kryptos:

1inch, ACX, AEX, Altcoin Trader, Binance, Binance US, Bit2C, Bitbank, BitBay, Bitbns, Bitfinex, BitForex, BitGet, Bithumb, Bitkub, BitMax, BitMEX, Bitso, Bitstamp, Bittrex, Bitvavo, Bit-Z, BL3P, BTC Markets, BTC Trade UA, BTC-Alpha, BTCC, BTCTurk, Bybit, CBX, CEX.IO, Changelly, Coinbase, Coinbase Pro, CoinBene, Coincheck, CoinDCX, CoinEx, Coinfloor, CoinJar, Coinmate, Coinone, Coins.ph, Crex24, Crypto.com, CryptoBridge, CryptoMarkets, Deribit, Dex-Trade, Digifinex, DigiFinex Korea, DODO, DragonEx, DSX, DX.Exchange, eToroX, Exmo, FTX, Gate.io, Gemini, Graviex, HBTC, HitBTC, Hoo, Huobi, Huobi Korea, Huobi Russia, Huobi Thailand, Ice3x, Independent Reserve, Indodax, InziderX, Ionomy, Iquant, Joyso, Kraken, KuCoin, Kuna.io, Kyber Network, LBank, Liquid, Livecoin, Luno, Mercado Bitcoin, MixCoins, NAGAX, Nominex, NovaDAX, OKCoin, OKEx, Omgfin, Paribu, Paymium, Phemex, Poloniex, ProBit, P2PB2B, QuadrigaCX, Quedex, RightBTC, Sistemkoin, SouthXchange, STEX, Switcheo, Tagz, Tidex, Tokok, TradeOgre, Trading212, Upbit, VCC Exchange, Vinex Network, WhiteBIT, XT, ZB.com.

Exchanges Supported by Zenledger:

1inch, Aave, Airswap, FTX, AscendEx, Balancer, Bancor, BiBox, BigONE, Binance, Binance US, Binance DEX, BitMEX, Bitfinex, Bitstamp, Bittrex, BlockFI, Blockchain.com, C2CX, CEX IO, Cash app, Celsius, CoinSpot, Coinbase, Coinbase Pro, CoinSwitch, Compound, Crypto.com, Cryptopia, Curve, Deribit, Dharma, ErisX, EtherDelta, etoro, evercoin, FTX, Gate IO, Gemini, HitBTC, Huobi, IDEX, Kraken, Kucoin, Kyner Network, Latoken, Liqui, Liquid, Lolli, Lyke, Merceto X, Nexo, Ok Coin, OKEX, Oasis, Pancake Swap, ParaSwap, Poponiex, QuadrigaCX, Relay, Stex, SouthXchange, SushiSwap, Synthetix, Tidex, Uniswap, Uphold, Voyager, Zapper, Zerion

Kryptos vs Zenledger: Integrations

This isn’t even a close call. Kryptos supports way more integrations than Zenledger, especially when it comes to NFTs and De-Fi platforms. Given below is a breakdown of the integrations supported by both Zenledger and Kryptos:

Kryptos supports 1250+ Integrations in total.

Zenledger supports a little over 650 integrations.

A look at the above statistics makes it pretty clear why you should pick Kryptos over Zenledger any day. We offer way more integrations than Zenledger, we have a much simpler UI/UX layout, and we can give you tax reports much faster than Zenledger.

Kryptos vs Zenledger: Features and Services

Krytoskatt and Zenledger come stacked with features like a central dashboard, live tracking, tax reports, and unified accounting to make things easier for their users. However, the feature list of Zenledger is designed to accommodate the needs of US residents, and the accounting methods and tax-saving strategies suggested by Zenledger comply with the US tax laws.

Kryptos offers almost all the features that Zenledger does and it also offers some unique features that elevate the user experience and are more in line with the needs of the international audience. One of the best features offered by Kryptos is the auto-sync feature for its premium users that allows them to track their transactions in real-time conveniently.

Here’s a list of some of the other unique features offered by Kryptos:

Kryptos Unique Features

• Direct APIs and CSV support
• Automated Tagging for different transaction types
• Supports all time zones and currencies
• Supports 1000+ De-Fi transactions
• Easy-to-use UI for users
• Supports 7000+ cryptocurrencies across 200+ exchanges
• Inbuilt tax-saving strategies like Tax Loss Harvesting
• De-Fi  and NFT profile overview
• CFA audits on tax reports
• Supports multiple cost-basis methods

Kryptos vs Zenledger- Other Supported Services(Mining, Staking, Defi, Liquidity providing, NFTs, etc.)

Crypto assets have evolved over the years offering investors a suite of investment avenues to diversify their portfolios. And although that’s a good thing for investors, it makes the process of taxes a little more complicated. Therefore, you should be extra careful while choosing your tax companion. Both Kryptokatt and Zenledger support transactions involving mining, staking, Liquidity farming, NFTs, and De-Fi.

However, Kryptos supports way more NFT and De-Fi integrations than Zenledger does as already mentioned in the above sections. Oh, and did we mention that Zenledger’s premium plan costs $999/year while ours costs just $129/year? Well, even if we didn’t, now you know it and we assume you are happy to know that you can enjoy a ton more features than Zenldger for an 87% discount on Kryptos.

Kryptos auto-syncs all your NFT transactions regardless of which blockchain they are minted on and generates your NFT tax report within minutes. We also support 1000+ De-Fi protocols, top DAOs, and 30+ EVM chains. Whether you are staking, LP’ing, or lending, Kryptos categorizes all your DeFi transactions automatically. Kryptos also has extensive coverage dealing with complex DeFi and NFT transactions with 50+ labels to work, the accuracy of mapping transactions with Kryptos is a cut above the rest.

Comparison of Kryptos vs Zenledger

We have curated a table comparing some of the important features f both these crypto tax software:

Best Crypto Tax Software: Kryptos vs Zenledger

Kryptos is better than Zenledger in almost all imaginable categories. From pricing to UI to customer support everything is impeccable. We offer a one-stop solution to all your tax problems at a fraction of the price of what other tax software in the market charge, and this is just the tip of the iceberg.

Frequently Asked Questions (FAQs)

1. Why Should I use Kryptos over Zenledger?

Because it’s simply better than Zenledger in every way and costs 87% less. Here are some additional reasons why you should consider using Kryptos over Zenledger:

• International Tax Reports
• Secured by advanced encryption algorithms to ensure data security
• 1000+ De-FI integrations
• Auto sync available for both crypto and NFT transactions
• Easier to use
• Faster than Zenledger
• Costs 87% less than Zenledger

2. Kryptos Vs Zenldger: Which crypto tax software is better?

Kryptos offers way more integrations than Zenldger. It is more affordable and is also much easier to use. Moreover, Zenledger is only available for people in the US, while Kryptos is available in three countries, with that list expected to grow to 10 countries within the next few months. Kryptos is better because it offers way more features than Zenledger for a fraction of the price and the customer support at Kryproskatt is impeccable.

3. Can Kryptos help minimize your crypto tax liabilities?

Kryptsokatt’s algorithm is more than capable of suggesting tax reduction strategies based on the nature of your transactions, the overall structure of your transactions, and your location. It optimises your capital gain calculations by choosing the best-suited accounting methods, helping you save a ton of money on your tax bill. The algorithm also employs strategies like tax-loss harvesting to lower your tax bill while ensuring you pay just the right amount of taxes, not less, not more.