🌐 Why NFT and DeFi Taxes Got Way More Complicated in 2025
By now, you already know that crypto isn’t just about buying and selling BTC. Maybe you’re minting NFTs, staking on Avalanche, farming liquidity pools on Arbitrum, or flipping meme coins built on Base. Great… until tax season hits.
In 2025, regulators have ramped up enforcement. If you’re doing anything beyond basic buy/sell trades, your tax doc pile has grown into a monster:
- Multiple wallets
- Airdrops, forks, gas fees
- Lending and borrowing
- NFT purchases and sales
- Missing cost basis on older assets
Even the IRS is now expecting detailed breakdowns of activity—even across decentralized platforms. Think OpenSea, Rarible, Uniswap, Aave, and all the rest. That’s where software like CoinLedger steps in.
💡 What Is CoinLedger?
CoinLedger is a crypto tax and portfolio software built specifically for individual investors, tax professionals, and yes—those of us swimming in NFTs and DeFi.
Here’s what stood out to me right away:
- Supports 300+ exchanges and wallets
- Pulls in transactions automatically (no more Excel imports)
- Tracks NFT activity across chains
- Supports staking, lending, and yield farming
- Lets you collaborate directly with your accountant from inside the app
In short: CoinLedger is for crypto users who are tired of cobbling together spreadsheets and wondering if they’re going to get audited.
⭐ Features That Matter for NFT and DeFi Traders
I’ve tested a ton of crypto tax tools, and most fall flat when things get weird—like with fractional NFTs or staking rewards. CoinLedger actually gets it.
✅ Automatic Wallet Sync
You connect your wallets and exchanges, and it pulls in every transaction, saving hours. Even rare NFT marketplaces and smaller DEXs are supported, which blew me away. If you’ve ever manually input OpenSea trades… you know that pain.
✅ NFT + DeFi Coverage
NFT trades, purchases, mints? Covered. Staking rewards? Yup. Token swaps on DEXs like Uniswap or Sushiswap? No problem. CoinLedger actually understands what DeFi investors are doing—not just BTC holders.
✅ Cost Basis Flagging
Missing cost basis? It flags it automatically, so you can import missing data before you submit to your accountant or file. This is a game-changer.
✅ Portfolio Tracker (Free Version)
Even if you’re not ready to export reports, just seeing your entire crypto portfolio—including NFTs and DeFi tokens—in one dashboard feels like magic.
Ready to check it out?
⚔️ CoinLedger vs Koinly vs TokenTax (Real Talk)
I’ve used all three. Koinly is a top pick internationally. TokenTax is more full-service (they’ll even file for you). But CoinLedger is built for DIYers who want control plus automation, especially in the NFT/DeFi space.
What CoinLedger Does Better:
- Intuitive interface (even for non-technical users)
- Accountant collaboration built-in
- Better handling of NFT collections and rare contracts
- Fast, responsive customer support
- No need to upgrade unless you go past a certain # of transactions
🔍 What Users Are Saying (Reddit, G2, Capterra)
You don’t need to just take my word for it. Here’s what real users are saying:
“NFT tracking was the clincher for me—other tools failed with OpenSea collections, but CoinLedger just worked.” — Reddit User
“As a tax pro, I love being able to directly access my clients’ data. Still waiting for more advanced customizations.” — G2 Reviewer
“Easy to use and amazing customer support. Helped me sort out a year’s worth of transactions in under an hour.” — Trustpilot
Could you do it manually? Sure. But CoinLedger makes you not hate tax season. That counts for a lot.
💰 Pricing: Is CoinLedger Worth It?
Here’s how pricing breaks down in 2025:
- Free: Portfolio tracking only
- Paid Plans: Start based on your # of transactions
- Most users fall into the $49–$199 range, unless you’re a high-frequency DeFi degenerate (no judgment)
Honestly, if you’re doing a decent amount of trading, CoinLedger pays for itself in peace of mind alone. The free version is already giving you insane value by tracking your portfolio in real time.
🧠 How to Use CoinLedger for Crypto Taxes in 2025
Here’s how easy it is to get started:
- : Link MetaMask, Coinbase, Kraken, Uniswap—you name it.
- Import Transactions: Auto-import or upload CSVs if needed.
- Review: Flag any missing cost basis or duplicates.
- Invite Your Accountant (Optional): Let them review in-app.
- Download Tax Forms: Generate official tax documents (Form 8949, Schedule D, etc.).
- File or Share: Send to TurboTax, TaxAct—or pass to your tax pro.
You don’t need to be a CPA to use it.
👨💼 Who Is CoinLedger Best For?
If you fall into any of these categories, CoinLedger is probably your new best friend:
- You trade NFTs regularly or collect art
- You’re using DeFi platforms for yield or lending
- You use multiple wallets and decentralized exchanges
- You want to hand things off to an accountant without email chaos
- You’re a tax pro managing crypto clients
✅ Final Verdict: Is CoinLedger the Best Crypto Tax Software in 2025?
If you’re asking me? Total no-brainer—especially for anyone touching NFTs or DeFi.
CoinLedger nails the big stuff (automatic imports, report generation) and the niche needs (OpenSea tracking, tax pro access, DeFi transactions). The only reason not to use it is if you’re still living on centralized exchanges only. But let’s be real, crypto in 2025 is way more exciting than just spot trading.
This isn’t another shiny tool. This is a time-saver, sanity-saver, and audit-protector—wrapped into one dashboard.
Try it for free and see if it saves you as much headache as it saved me.
💬 FAQ About CoinLedger
Does CoinLedger support NFT taxes?
Yes! CoinLedger tracks NFT transactions across chains and supports marketplaces like OpenSea and Rarible.
Is my data secure with CoinLedger?
Very. It doesn’t store API keys with withdrawal access, and you can revoke access anytime.
Can I use CoinLedger outside the US?
Absolutely. They have country-specific tax reports and support global users.
How does CoinLedger compare to Koinly?
Koinly is great for international users, but CoinLedger has the edge with direct accountant collaboration and more intuitive NFT tracking.
Can my tax professional use CoinLedger with me?
Yes—you can invite them directly from the dashboard for seamless collaboration.
That’s it from me. I’ve tested CoinLedger personally, and I’d recommend it to anyone trying to simplify crypto taxes without overcomplicating the process. You already work hard trading. Let this tool work hard during tax season.
Ready to make taxes less painful?