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Cryptoworth

Cryptoworth

Overview

What is Cryptoworth?

Cryptoworth tracks crypto , connects wallets and exchanges and tracks transactions and streamlines bookkeeping operations.

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Learn from top reviewers

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Pricing

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Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.cryptoworth.com/pricing

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Starting price (does not include set up fee)

  • $99 per month
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Product Details

What is Cryptoworth?

Cryptoworth is a crypto accounting solution designed to automate and streamline digital asset management processes for businesses of all sizes. Integrating with over 200 blockchains and more than 1,000 sources, Cryptoworth ensures comprehensive data synchronization and financial control.

Key Features and Benefits:

  1. Automated Accounting: Cryptoworth eliminates manual entry errors by automatically recording transactions from various crypto wallets, exchanges, and blockchain platforms.
  2. Integrations: Syncs with existing accounting systems and ERP solutions, supporting a wide range of accounting methods including FIFO, LIFO, WAC, and ACB.
  3. Real-Time Data: Provides real-time transaction tracking and automatic spot price calculations to reflect accurate exchange rates between cryptocurrency and fiat currency at the time of transaction.
  4. Advanced Reporting: Generates detailed reports for accounting, auditing, and financial performance evaluation, ensuring transparency and compliance.
  5. Tax Optimization: Simplifies tax calculations and estimations with features like portfolio management and categorized transactions based on predefined rules.
  6. Diverse Solutions: Offers specialized solutions for Digital Assets Financial Close, Crypto Bookkeeping, Crypto Data Reconciliation Services for Accounting Firms, and API integration.

Cryptoworth Features

  • Supported: Support 200+ blockchains, 60+ exchanges, DeFi protocols (800+), fiats, wallets, cold storages, ERPs and many more
  • Supported: Automated accounting software that adhere to GAAP, IAS, IFRS
  • Supported: Reporting, Auditing and Compliance
  • Supported: DeFi Accounting
  • Supported: NFT Accounting
  • Supported: Staking / Mining Accounting
  • Supported: Automatic Spot Price Calculation
  • Supported: Cost Basis & Inventory Tracking
  • Supported: Cost Basis & Inventory Tracking
  • Supported: Report Generation (PnL, Unrealized GL, Trial Basis, etc)

Cryptoworth Screenshots

Screenshot of

Cryptoworth Video

A quick summary guide exploring the features of Cryptoworth digital asset subledger, tailored for both web3 accountants or new to web3 bookkeepers.

Cryptoworth Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported LanguagesEnglish

Frequently Asked Questions

Cryptoworth tracks crypto , connects wallets and exchanges and tracks transactions and streamlines bookkeeping operations.

Cryptoworth starts at $99.

Cryptio, Bitwave, and SoftLedger are common alternatives for Cryptoworth.

The most common users of Cryptoworth are from Small Businesses (1-50 employees).

Cryptoworth Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)60%
Mid-Size Companies (51-500 employees)10%
Enterprises (more than 500 employees)30%
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Comparisons

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Reviews From Top Reviewers

(1-5 of 6)

Very Scalable Addition to our Reporting Processes

Rating: 9 out of 10
October 26, 2024
Our company has numerous wallets and exchange accounts on the blockchain, over 50. Trying to manage these in the past and keep track of taxable events, business revenue, internal transfers, gas fees, vendor expenses paid via blockchain etc has been extremely difficult. Since we started using Cryporworth, it's been a major improvement.
  • Customer Service
  • Numerous connections
  • Value for Money
Cons
  • Accounting experts on team
  • The program can be a little glitchy from time to time
Cryptoworth is especially well suited for high volume, bigger enterprises with transactions stored across multiple places. Their support team is very accessible and friendly and willing to use whatever instant messenger app is most useful for your business. Subledger software is a newer concept and you can tell it's still being revised but Cryptoworth is definitely one of the best in the market right now.

Customer driven features

Rating: 10 out of 10
August 14, 2024
Vetted Review
Verified User
Cryptoworth
1 year of experience
We use Cryptoworth as our crypto subledger with millions of dollars in crypto over 50,000 historical transactions . We are project that transacts in our native token as well as many other chains. The team at Cryptoworth not only integrated and supported us while other subledger companies wouldn't, but they also are very attentive to feedback and product improvements. There is so much nuance in this industry and we can count on them to help navigate it and incorporate any new practices.
  • Customer service and feedback
  • Flexibility and openness to new transactions or chains
  • User experience is great, intuitive, and always seems to get better
Cons
  • There have been a few times in the past where the infra was timing out or slow. We would wait and come back to it working later
  • Bill forwarding from email would be a nice feature to have
  • Sometimes snapshots don't get all assets
I think that anyone using a subledger at all would benefit from Cryptoworth. Foundations or other projects with native tokens would absolutely benefit because the team is always willing to add chains and integrate based on customer needs. Subledgers are more for a business / enterprise use case so for individuals maybe some other coin trackers would be better.

VP Finance Experience Review - Cryptoworth, Super Recommended !

Rating: 9 out of 10
December 13, 2022
AR
Vetted Review
Verified User
Cryptoworth
1 year of experience
After years of manual work regarding Crypto accounting, we have implemented CryptoWorth - The team is very reliable, experienced, professional, and responsive. The system helped us set up our vast database using multiple tools. In addition, working with CW on a monthly basis is really convenient. The workflow is great and accurate and answers all of our compliance and accounting needs. Furthermore, for any specific feature that needs to be added, the team is very responsive and will definitely solve any problem or need you may have (Very important as each Crypto company has a lot of different aspects and needs). Also, tax-wise and reporting-wise, CW works like a charm. After reviewing and using a couple of Crypto accounting management software, I must say this is the best and I highly recommend it - Also the pricing is very reasonable.
  • Crypto accounting and compliance
  • Various reports
  • Tax matters
  • Crypto montioring
  • Responsive and professional team
Cons
  • Some minor bugs on UI & UX side
All Crypto accounting and monitoring-related matters - Works fantastic. If you worked manually until today and you wish to establish your past tx data for monthly work, super recommended !!

Cryptoworth- "if you are in Crypto, it is worth it"

Rating: 9 out of 10
December 20, 2022
Vetted Review
Verified User
Cryptoworth
1 year of experience
It is a great and essential tool for any individual or company dealing with digital assets. Finally you can consolidate your portfolio at one place and use the data to feed into your accounting ERP and also helps your with your tax compliance. Most well known exchanges, wallets, blockchains work seamlessly with API and for anything really specific other solutions are available to import your data. I really like the way that the accounting journals of transactions can be customised and the dashboard and other product features makes it easy to navigate through your transactions. Customer service is superb and the team is really supportive to enable you to use the product to its full potential.
  • 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
Cons
  • more API connections with some exchanges
  • more feedback, explanations on some of the error messages that guide you to correct your data
  • it would be great to be able to preview a journal for a specific transaction, before you do the Sync with the ERP
It takes some time to get to know the product and arrange, classify your data, but once it is done it is worth it. Cryptoworth is highly recommended if you use crypto on daily level and you need to import these data into your accounting software automatically.

Crypto Tax Sorted

Rating: 8 out of 10
February 23, 2022
Vetted Review
Verified User
Cryptoworth
1 year of experience
CryptoWorth was used as a trial alternative to the coin tracking app. It helps keep track of any taxes and crypto transactions. It allows our business to account correctly quarter by quarter for fluctuations in price. To top it all off they offered a free trial in order to do so.
  • Has a large array of crypto currency.
  • Clean UI.
  • Good support.
Cons
  • Fees after trial.
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.
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