Cryptoworth vs. NODE40

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

Incentivized

NODE40 is a favorable crypto tax calculating assist. It is great in tracks for portfolios and creates very informative views of previous transactions and assets. It has a lot of great features. NODE40 is a fascinating solution for crypto block chaining. We are lucky with gain and loss reports, and IRS Form 8949s.

Incentivized

• 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

• NODE40 performs as the most improved crypto volatiles reporting solution.
• NODE40 delivers independently verifiable, data-centric audit trails as the basis for our crypto transactions.
• NODE40 does tax, and cybersecurity, as well as blockchains.

Incentivized

• Only minor issues that gets resolved instantly
• Hope it can create one journal entry for bulk transactions that are similar in nature. One entry in a week/month for example.

• The basic plan is not generating reports.
• The integration into other tool especially for tax is not existing or competitive.
• There is not much support of so many popular accounting methodologies.

Incentivized

We really like Cryptoworth as a product and their level of customer support is excellent. In particular I give a shoutout to one of their founders [...] who seems to be available night or day to troubleshoot! Subledger technology for blockchain is still a relatively new concept industry wide but Cryptoworth are a reliable and value for money market leader. They also are keen to collect feedback and continue to refine and improve.

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

Incentivized

Top customer support.

CryptoWorth offers more services than CoinTracker. It is easier to track multiple wallets and larger amounts of transactions into and out of these wallets. It is cloud-based so can be used on even the simplest machine. It is much simpler to create tax returns and is almost fully automated.

NODE40 let us deal perfectly with all taxable events dedicated to crypto traders in the USA. They allow flexibility for traders. Our work in crypto taxing is very much reduced and error-free. Our efforts with API keys are streamlined. We are concerned about reports despite we prefer the NODE40 perspective on that topics.

Incentivized

• Compliance completely upleveled
• End of month closeout takes a fraction of the time
• Querying old transactions or specific wallet addresses saves time every time we have to do it
• Reliable for balances

• Our gains increased, and our loses decreased a lot.
• We are now better at IRS Form 8949s.
• Our safety and security is much enhanced by NODE40.

Incentivized