Description
Blockpit is a comprehensive crypto tax and portfolio tracking platform designed to simplify the process of calculating and filing cryptocurrency taxes.
Key Features:
- Automatic Transaction Import: Connect wallets, exchanges, and DeFi protocols via secure API, public wallet addresses, or CSV uploads.
- Tax Calculation Engine: Automatically detects taxable events and calculates gains and losses according to official crypto tax rules for over 100 countries.
- Tax Optimization: Identifies tax-saving opportunities including loss harvesting, tax-free allowances, and unrealized gains and losses overviews.
- Ready-to-File Reports: Generate complete crypto tax reports as PDF and CSV files, pre-filled with country-specific tax forms where available.
- Broad Asset Support: Supports 500,000+ assets including cryptocurrencies, NFTs, DeFi positions, derivatives, and commodities.
Use Cases:
Blockpit is used by individual crypto investors, tax advisors, and institutions needing compliant tax reporting. It supports complex transaction types such as staking, lending, borrowing, liquidity pools, yield farming, and NFT trading. Founded in 2017, Blockpit is Big4-certified, GDPR-compliant, and trusted by over 350,000 customers worldwide.
Highlights
Pros
- Built-in tax-loss harvesting optimizer that identifies opportunities to realize losses and offset taxable gains
- GDPR-compliant with AES-256 encryption, SSL, two-factor authentication, and read-only API keys that cannot access or move user funds
- Source of Funds report creates a certified chain-of-custody document proving cryptocurrency wealth legitimacy for banks and regulatory authorities
- Generates pre-filled, ready-to-file tax forms including IRS Form 8949, Schedule D, and country-specific equivalents for 10 fully supported countries
- Supports complex crypto activities including staking, yield farming, liquidity pools, airdrops, mining, NFT trading, and DeFi transactions across 500,000+ assets
- Automatic transaction import from 160+ exchanges, 190+ blockchains, and 70+ wallets using read-only API keys or public wallet addresses
Cons
- No direct integration with mainstream tax filing software like TurboTax or H&R Block, requiring manual data entry
- Some users report the mobile app occasionally experiences bugs when switching between sections
- Only 10 countries receive fully pre-filled tax forms; users in other regions must manually transfer figures to their local tax forms
- Exchange and wallet integration count is limited compared to leading competitors that support 800+ integrations
- Currently supports only the FIFO (First-In-First-Out) cost basis method, limiting tax strategy flexibility compared to competitors offering LIFO and HIFO