Awaken Tax

Overview

Awaken Tax is web-based crypto tax software for traders, DeFi users, startups, and funds. It is best suited to people who need to reconcile activity across wallets and protocols, with separate bookkeeping tools for businesses.

Its free summary makes it possible to check a portfolio before paying, while report exports and higher transaction limits require a paid plan. That split is useful for evaluating the service, but the free tier is not a substitute for filing-ready reports.

Key features

Awaken advertises U.S. tax reporting that includes Form 8949 and 1099-B, and supports more than 50 countries. Its stated export formats also include Schedule D, 1099-DA reconciliation, TurboTax, and TaxAct. That range is relevant to people with varied reporting needs, though users should confirm that the formats they need match their tax situation.

The software connects to 500 sources, including MetaMask, Coinbase Wallet, Ledger, Phantom, Coinbase, Solana, Ethereum, Hyperliquid, KuCoin, Binance US, and Kraken. Awaken says it can process thousands of transactions in minutes and provides automated cleanup tools; that combination is aimed at reducing manual reconciliation for active accounts.

DeFi coverage is a central strength: Awaken says its AI handles more than 10,000 dapps and supports liquidity providing, staking, bridging, and swaps. It also supports NFTs. The claim is especially relevant to users whose records span multiple protocols, but the number of supported dapps alone does not guarantee every transaction will be classified correctly.

Businesses get a separate ledger and close for each entity, double-entry bookkeeping, and journal-entry syncing to QuickBooks. Awaken Bridge can migrate wallets, transactions, edits, and notes from another crypto tax tool, which may ease a switch for users with prior-year history. Awaken states that it is SOC II compliant, encrypts data in transit and at rest, and uses read-only API keys that cannot move funds.

Pricing

The Minnow plan is free and includes 100 transactions, unlimited wallets, portfolio tracking, and a capital-gains preview. It has no tax report exports, so it suits portfolio review rather than preparing a downloadable return.

Fish costs $99 per year, billed $99/year, and covers 300 transactions, unlimited wallets, TurboTax and tax reports, plus email and chat support. It is the entry point for users who need exports and have activity within that cap. The low ceiling may make it a poor fit for frequent traders or extensive DeFi histories.

Dolphin costs $199 per year, billed $199/year, and provides 1,000, 2,500, or 5,000 transactions, unlimited wallets, advanced tax settings, performance tracking, TurboTax and tax reports, and email and chat support. It is the more appropriate tier when Fish's 300-transaction limit is too restrictive or additional tax controls matter.

Whale costs $599 per year, billed $599/year, with 10,000, 25,000, or 50,000 transactions, unlimited wallets, tax lots and tax planning, priority support, TurboTax and tax reports. Its higher caps and planning tools target high-volume users; the price is harder to justify for someone who only needs basic reporting.

Full Service Bookkeeping starts at $3,000/year, billed annually, and includes done-for-you bookkeeping, a dedicated crypto tax specialist, direct Telegram access, and expert transaction tagging. It is aimed at customers who want ongoing professional bookkeeping rather than software alone. Full Service Crypto Taxes uses custom pricing: a flat rate is quoted before commitment based on transaction-history complexity. The service typically takes 4–6 weeks, depending on that complexity.

Platforms

Awaken Tax runs on the web. That suits people who manage records at a computer, but it is not a mobile app offering.

Who it's for

Awaken is a strong candidate for crypto users with activity across exchanges, wallets, and DeFi protocols, particularly those who need broad imports or higher transaction allowances. Its business ledger tools make it relevant to crypto startups and funds as well. The Full Service tax option is specifically positioned for high-volume traders, DeFi power users, busy professionals, and people catching up on prior tax years.

It is less compelling for someone who only wants a free tax-report export: Minnow offers a summary but no exports. Users with a small number of transactions may also find the paid tiers' 300-transaction Fish cap worth checking against their own history before committing.

Pros and cons

• Pros: The free plan includes 100 transactions and unlimited wallets, letting users inspect a tax summary before paying for exports.
• Pros: DeFi coverage across more than 10,000 dapps, plus NFT support and 500 import sources, addresses complex, distributed crypto records.
• Pros: Business bookkeeping includes entity-level ledgers, double-entry accounting, and QuickBooks syncing rather than treating company records like an individual portfolio.
• Cons: The free plan cannot export tax reports, so it cannot complete the reporting workflow on its own.
• Cons: Fish is limited to 300 transactions; users who exceed that must consider a higher-priced tier.
• Cons: The web-only platform will not suit readers seeking a dedicated Android or iOS app.

Alternatives

For a broader comparison, browse Crypto Tax Software. Consider Koinly if a mobile app matters or if a larger free transaction allowance is the priority: its free plan covers 10,000 transactions and unlimited wallets or exchange accounts, with portfolio tracking and a capital-gains preview.

CoinLedger is worth comparing if unlimited portfolio tracking and revisions matter; its free Portfolio Tracking plan includes unlimited exchanges and wallets and 20,000+ cryptocurrencies. Choose Coinpanda if Android or iOS access is important, or if its $79/year Hodler plan's 100-transaction allowance fits your needs.

CoinTracking may suit readers who want Android, iOS, web, or API access and a 7-day unlimited-import trial without a credit card. Bitcoin.Tax is an option for a lower-cost, one-time purchase: its $59.95 Premium plan covers up to 1,000 trading transactions per tax year.

Consider ZenLedger if free tax reports are the deciding factor, or its $49/year Silver plan if up to 100 transactions and DeFi, staking, and margin-trading support fit your volume. Blockpit is another freemium alternative. For professional tax workflows, compare Ledgible, which offers a Professional Tax plan with a $49 contact starting price.

Verdict

Awaken Tax is a good fit for active crypto users and crypto businesses that need wide source coverage, DeFi handling, or bookkeeping alongside tax reports. Its strongest case is the combination of an inspect-before-paying summary, substantial paid transaction caps, and entity-level accounting. Look elsewhere if free report exports, mobile access, or a low transaction cap at the entry paid tier is essential.