Blockpit vs TaxBit: Retail Filing vs Enterprise Compliance
Blockpit and TaxBit approach crypto taxation from opposite ends of the industry. Blockpit is a consumer and accountant platform based in Austria. It connects to more than 750 exchanges, wallets, and blockchains, allowing individual investors to calculate capital gains and generate structured source-of-funds reports. Self-service software plans start at €49 per tax year, alongside a free tier for basic tracking.
TaxBit operates as an enterprise regulatory engine from the United States. Rather than serving casual personal filers, it provides institutional tax infrastructure for exchanges, brokers, and fintechs. The platform automates filings across more than 70 jurisdictions, generating IRS Form 1099-DA and international reporting files under CARF and DAC8 frameworks. While Blockpit targets everyday traders seeking annual tax returns, TaxBit powers backend compliance for platforms handling millions of user accounts.
Quick verdict
The audience determines the difference. Blockpit supports individuals filing personal returns and exporting banking compliance documents. TaxBit provides corporate data infrastructure for broker reporting and regulatory tax forms.
Choose Blockpit for personal crypto portfolios or accountant-managed client portfolios. It integrates with over 750 platforms, offers automated sales simulation and origin-of-wealth reports for banks, and provides personal tax plans starting at €49.
Choose TaxBit for exchanges, brokerages, or fintech platforms that need institutional compliance infrastructure. It automates TIN validation and Form 1099-DA generation, supports international reporting across more than 70 jurisdictions, and has SOC 2 data security.
| Feature | ||
|---|---|---|
| Ratings | ||
| Our score | 4.2/5 | 4.1/5 |
| User rating | No reviews yet | No reviews yet |
| Accuracy | 4.5 | 4.5 |
| Integrations | 4.5 | 4.0 |
| Pricing | 3.5 | 3.0 |
| Report coverage | 4.5 | 5.0 |
| Ease of use | 4.0 | 4.0 |
| Specs | ||
| Tax reports for | United States, United Kingdom, Canada, Australia, Germany, France, Netherlands, Spain, Italy, Other | United States, United Kingdom, Canada, Australia, Germany, France, Netherlands, Spain, Italy, Other |
| Free plan | Yes | Not disclosed |
| Paid plans from (per tax year) | $49 | Not disclosed |
| Exchange & wallet integrations | 750 | Not disclosed |
| Reports produced | Not disclosed | 1099-DA |
| Accountant portal | Yes | Yes |
| Mobile app | Yes | Not disclosed |
| Tax professional support | Yes | Yes |
| Company | ||
| Founded | 2017 | 2018 |
| Headquarters | Austria | United States |
| Investors | Not disclosed | IVP, Insight Partners, Galaxy Ventures |
| Strengths and weaknesses | ||
| Pros |
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| Cons |
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| Best for | European crypto investors, Users needing source-of-funds reports, Investors wanting managed tax preparation | Crypto exchanges filing 1099-DA forms, Fintechs navigating CARF and DAC8, Institutions reporting digital asset payees |
Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.
FAQ
What is the primary difference between Blockpit and TaxBit?
Blockpit focuses on personal tax reporting for individual traders and their accountants, while TaxBit provides enterprise tax compliance infrastructure for exchanges, brokers, and institutions.
Can individual retail investors file personal taxes with TaxBit?
TaxBit is geared toward enterprise platforms and brokers rather than direct DIY retail tax filing. Individual investors seeking self-service personal returns typically use consumer-oriented software such as Blockpit.
Does Blockpit offer source-of-funds reports for banks?
Yes. Blockpit generates dedicated source-of-funds documentation designed to verify origin of wealth for compliance checks at centralized exchanges and retail banks.
Which platform supports IRS Form 1099-DA?
TaxBit automates the generation and filing of Form 1099-DA for digital asset brokers and financial institutions operating in the United States.