Bitwave vs. Cryptoworth

If you are mainly using Bitcoin, ERC-20 tokens, or any supported chains where they have automatic data retrieval the system is great. The biggest issue, which Bitwave is constantly working on, is not supporting automatic transaction retrieval of specific crypto blockchains. They currently have a workaround by allowing manual uploads of unsupported chains (i.e., layer two chains like Arbitrum or Cosmos-based chains). The Bitwave platform still works excellently with unsupported chains; however, it is just a little more time-consuming b/c transactions are inputted using a CSV file that needs to be correct. But I imagine they will continue to add new supported chains, and since I have been a customer, I have seen the number of blockchains they support at least double.

Incentivized

It may not be needed by all yet but will become more applicable as tax and self-assessment on crypto assets get cracked down on. It's best to stay ahead and use these products early in order to stay on top.

• Ability to categorize taxable and non-taxable transactions.
• Able to handle DeFi transactions.
• Documentation support to track digital asset balances & locations.
• Can read token transaction activity better than most wallet explorers.

• accounting tool to plug into your ERP
• great dashboard that shows your positions of your portfolio
• reports, tax and other essential calculations made easy
• easy to connect your data with the most often used wallets, exchanges....etc.
• very easy to use user interface
• high level of customisation is possible if required
• fantastic customer service
• very useful HelpCentre if you need to help

• Bitwave can seemingly miss picking up some transactions due to glitches, but if you discover them, they can resolve them.
• Ability to re-sync transactions to ERP if there are changes, without having to delete said transaction in ERP first

• Some minor bugs on UI & UX side

Top customer support.

Legible was similar service but too high in pricing. Coinpanda was able to support some chains that Bitwave wasn't able to automatically support; however, Coinpanda was a less professionalized operation with less customer support.

Incentivized

Cryptoworth has competitors in the crypto accounting software field but there are things that it does best. One of the competitors that stack up against Cryptoworth is CoinTracker which has some similarities but also differences. For one, the UI look of CoinTracker may be more appealing to some users, such as myself. However, Cryptoworth is more robust and has more professional tools that some users can take advantage of.

Incentivized

• Increased knowledge on tax implications.
• Security and trust have increased.
• Less time spent working out taxes on crypto.