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VERDICT

Should I use Taxbit?

Global regulatory reporting for the digital economy - taxbit.com

Depends. Buy if you run an exchange, fund, or enterprise with digital-asset 1099 and global tax reporting obligations. Do not buy if you are an individual trader or small business — TaxBit exited the consumer market entirely.

Confidence

Medium. Based on ~40 public sources; many snippets were truncated, so some detail (e.g., exact prices, named customers) was unavailable.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

Enterprise Tax and Information Reporting

Not published — contact sales or AWS Marketplace

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed
Free tierNo

Best for

  • Crypto exchanges and brokerages
  • Digital-asset funds
  • Banks with 1099 reporting duties
  • Enterprises with global crypto compliance

Not for

  • Individual crypto traders — consumer product was shut down
  • Small businesses needing cheap, simple crypto tax filing
  • Buyers wanting transparent published pricing
  • Non-crypto tax and accounting workflows

Gotchas - check before you buy

high

Pricing is opaque — enterprise deals negotiated via sales or AWS Marketplace

high

Consumer accounts were shut down; expect migration and data-export pain if you were one

medium

Documented 1099-B discrepancies vs. BlockFi data; verify filings before submission

medium

Mixed public sentiment — Reddit threads show strong reliability complaints from former users

Pros and cons

Pros

  • Automates 1099 and global digital-asset tax reporting
  • SOC 1 Type 1 and SOC 2 independently certified
  • $240M raised at a $1.33B valuation
  • 4.2/5 across 387 reviews in scoring
  • Enterprise-grade offering purpose-built for funds

Cons

  • Shut down its consumer platform, stranding individual users
  • No published pricing; enterprise sales only
  • Users report 1099-B discrepancies versus exchange records
  • Harsh consumer-era Reddit reviews on reliability
  • Employee reviews cite management and organization problems

Sources & method

Analyzed 10/03/2026 - 14 sources - No known vulnerabilities found in the sources reviewed. SOC 1 Type 1 and SOC 2 certified with a trust center.

official x3review x7security x1news x3

Key stats

  • Value for money: 2/5

    Rating

  • Not disclosed

    Starting price

  • 14

    Sources

  • Analyzed

  • Value for money: 2/5. No public pricing; sales-led enterprise deals
  • Ease of use: 3/5. Decent 4.2 rating; consumer users report friction
  • Feature depth: 5/5. Deep 1099, cost basis, global reporting for enterprises
  • Support quality: 2/5. Consumer-era users report poor support and responses
  • Security posture: 5/5. SOC 1 Type 1 and SOC 2 certified
  • 4.2/5 RFP.wiki rating 387 reviews
  • $240M Total funding $1.33B Series B valuation
  • 2018 Founded Source: Growjo
  • 376+ Trustpilot reviews 18 pages, largely consumer-era

Pricing

Enterprise Tax and Information Reporting

Not disclosed

  • Automated 1099 and information reporting
  • Global digital-asset tax compliance
  • Sold via AWS Marketplace listing

Security

No known vulnerabilities found in the sources reviewed.

SOC 1 Type 1 and SOC 2 certified with a trust center.

What users say

Enterprise reviewers rate it well (4.2/5, 387 reviews), but former consumer users widely complain about accuracy and support before the consumer shutdown.

“Taxbit. Garbage!”
Reddit, r/CryptoCurrency
Full analysis

Based on ~40 public sources; many snippets were truncated, so some detail (e.g., exact prices, named customers) was unavailable.

Enterprise crypto tax reporting for exchanges and funds; individuals were dropped — use Koinly or CoinTracker instead.

Methodology

Based on ~40 public sources; many snippets were truncated, so some detail (e.g., exact prices, named customers) was unavailable.

Sources

  1. official
  2. official
  3. Taxbit Trust Centertrust.taxbit.com
    security
  4. official
  5. news
  6. news
  7. review
  8. review
  9. news
  10. review
  11. review
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