Skip to main content
All CollectionsWhat is Crypto Tax Calculator?
Getting Started with Crypto Tax Calculator
Getting Started with Crypto Tax Calculator

This is a concise introduction to CTC (Crypto Tax Calculator) to help you minimize the stress of doing your crypto taxes.

Shane Brunette avatar
Written by Shane Brunette
Updated over a year ago

Crypto taxes can be a nightmare to get sorted. We have experienced the pain firsthand and created this tool which has helped over 150,000 users. Although we do our best to work like magic, the reality is this is still a software product with lots of complex logic. Let’s get started!

1. Get started for free

Adding integrations and checking/editing your transactions are free. The free trial is available for 30 days.

If you decide to try more features provided by Crypto Tax Calculator, you can subscribe to our service, which helps you generate accurate tax reports for up to 100,000 transactions (check plans and our pricing model). To give you confidence, we offer a full 30-day money-back guarantee if you are unsatisfied with our product.

2. Add integrations

Our algorithm gets smarter as you add more data. When you add more sources, including exchanges (Coinbase, Binance, Swyftx, etc.), hot wallets (Metamask, Atomic, etc.), or cold wallets (Ledger, Trezor, etc.), CTC will have a better chance of determining what you were doing and start auto-categorizing transactions.

If we don't have your entire transaction history, CTC will not be able to determine your cost base accurately. Therefore, you need to make sure you have entered any missing data, such as OTC trades. Additionally, some exchanges can have corrupt or missing data from their end. If this is the case, you will have to isolate the issue and enter this data manually. It sucks! It is also a reason to start using an exchange with good records. Our guides show you how to import all types of data!

3. Use the Review page to save your taxes!

You can check and edit all your integrations and imported transactions on the Transactions page. But if you want to save some taxes, check out the Review page that Crypto Tax Calculator designed and built! Follow the prompt on the page or check our guides here.

There are more guides below on all the crypto transaction details you might want to know.

4. Generate reports

Reports are only available for paid plans. Ensure you review your transactions to generate accurate reports. Check our report guides for more details.

You've made it!

The reports will be ready for you and your accountant! If you still have questions, feel free to reach out to the support team via Intercom (the in-app chat box at the bottom right-hand side).

For the vast majority of users, CTC is able to pick up all their transaction history and categorize everything correctly. For other users, there might be a few transactions that need clarification, or you might be required to enter some missing data manually. However, a minority of users can find themselves in a difficult situation and need to spend time working on reconciling their transaction history in the app. This is particularly true for those who have traded in large volumes, across many exchanges, for multiple years and have incomplete or missing records. (The degens!🤝)

If you find yourself falling into one of these more challenging scenarios, the amount of work required might seem overwhelming at first. Unfortunately, there is no easy way to resolve this quickly. You could pay somebody to do it for you, but generally speaking, they're not able to do it much faster than you, and the going hourly rate for such a service can be significant.

The best suggestion we have is to sort the Transactions page from oldest to newest and try to get the history correct from the start onwards. Errors tend to compound over time, so as you go through this process, you will find many errors resolve themselves. Try biting off a small bit at a time. Eventually, you will be able to chew through it.

5. Involve your accountant

If you have gone through all the help guides and still can’t figure out how to reconcile your transactions and would like to get your accountant involved, you can have them sign up with us. Once they have their accountant accounts, they can invite you, go through your transactions, and provide you with tax advice.

CTC also has partner accountants in different tax jurisdictions that can help you. Hit us up for more information. 😀

Did this answer your question?