Bitwave vs. Ledgible Tax

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bitwave
Score 8.6 out of 10
N/A
Bitwave provides enterprises a drop in solution for handling digital assets. The platform offers complex tax tracking capabilities, automatic mark-to-market capabilities, crypto invoicing, and crypto bill pay. It is a multi-user, multi-sig wallet that helps businesses hold their coins safely, securely, and compliantly; it is a fuback-office software solution for businesses using crypto, holding tokens, etc.N/A
Ledgible Tax
Score 10.0 out of 10
N/A
Ledgible Tax Pro is a crypto tax platform designed specifically for professionals.N/A
Pricing
BitwaveLedgible Tax
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
BitwaveLedgible Tax
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsContact vendor for pricing information.
More Pricing Information
Community Pulse
BitwaveLedgible Tax
Considered Both Products
Bitwave
Chose Bitwave
Bitwave has Solana Chain support. NetSuite integration support. these others did not have both of these at the time of our discovery process.
Chose Bitwave
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.
Ledgible Tax

No answer on this topic

Top Pros

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Best Alternatives
BitwaveLedgible Tax
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.2 out of 10

No answers on this topic

Medium-sized Companies
Vertex
Vertex
Score 8.3 out of 10

No answers on this topic

Enterprises
Vertex
Vertex
Score 8.3 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
BitwaveLedgible Tax
Likelihood to Recommend
8.6
(4 ratings)
10.0
(1 ratings)
User Testimonials
BitwaveLedgible Tax
Likelihood to Recommend
Bitwave
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.
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Verady
Ledgible is great for CPAs, Accounting firms, or even independent tax professionals looking for a simple, effective, and easy way to navigate the confusing world of cryptocurrency. If you are a tax professional overwhelmed with understanding the crypto space, Ledgible is the right software solution for you. They also have great interoperability between their platform and my tax software.
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Pros
Bitwave
  • 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.
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Verady
  • Client Management
  • Crypto Tax Reporting
  • Transaction Matching
  • Team Management for Tax Practices
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Cons
Bitwave
  • 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
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Verady
  • Nothing, fits my needs exactly
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Alternatives Considered
Bitwave
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.
Read full review
Verady
Ledgible has the most intuitive UI and is the only crypto tax software that seems to be built for professionals. Kudos to them for focusing on the tax professional niche!
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Return on Investment
Bitwave
No answers on this topic
Verady
  • Crypto Client Advisory
  • Crypto Client Management
  • Tax Planning and Estimation
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