Great Software for SMEs
February 07, 2025

Great Software for SMEs

Anastasija Verbicka | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Cryptoworth

We are a decentralised exchange on Sui. Cryptoworth helps us to correctly calculate and report our crypto revenue & transactions.

Pros

  • Has many integrations with chains and tokens
  • Has a comprehensive classification system
  • Has a very responsive customer support team

Cons

  • The platform is prone to bugs
  • The UI/UX is rather confusing to use and takes time to get used to
  • Takes a considerable time to load and import all transactions
  • Positive Impact: more access to transaction data and visibility to funds.
  • Negative Impact: Spending lots of time with CS team to identify bugs and duplicated entries.
  • Positive Impact: Taxable events calculation.
Overall, Cryptoworth is a good solution that addresses problems for crypto accounting. It has many integrations, assets supported, types of wallets covered, etc. However, software in itself is still being built. In other words, as a user I expect the final product from Cryptoworth, but it turns out to be far from the reality. Like the more you use the platform, the more questions appear, and as a result, you end up improving and reporting the problems to the CS team. I recognise that any software might have bugs or issues that generally need to be reported but not to the point that you observe several bugs in one sitting.
The only reason why we've selected Cryptoworth against other competitors like TRES Finance is because it's considerably cheaper. At that time, we've made a hard decision to proceed with Cryptoworth even though we found that other solutions like TRES were much better suited for our job from the get-go.

Do you think Cryptoworth delivers good value for the price?

Yes

Are you happy with Cryptoworth's feature set?

Yes

Did Cryptoworth live up to sales and marketing promises?

Yes

Did implementation of Cryptoworth go as expected?

Yes

Would you buy Cryptoworth again?

No

As a company that uses multiple wallets, many swaps between assets and users, Cryptoworth might not be the easiest solution to use.If you have a low number of monthly transactions and a fairly uncomplicated structure, then Cryptoworth will be a good and cost-effective solution.

However, if you think that your company has lots of transactions, multiple chains, complicated reporting requirements, etc., then Cryptoworth might not be the best solution because you'd spend more time fixing bugs with the CS team than actually doing accounting.

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