OverviewSuggest Edit

TaxBit is a company that offers cryptocurrency tax automation software. Its platform is used by crypto users, exchanges, and merchants and allows them to produce their required crypto tax forms.

TypePrivate
Founded2018
Websitetaxbit.com
Employee Ratings5

Latest Updates

Employees (est.) (Jun 2021)44(+16%)
Cybersecurity ratingAMore

TaxBit Financials and Metrics

Summary Metrics

Founding Date

2018

TaxBit total Funding

$105.8 m

TaxBit latest funding size

$100 m

Time since last funding

4 months ago

TaxBit investors

TaxBit's latest funding round in March 2021 was reported to be $100 m. In total, TaxBit has raised $105.8 m
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TaxBit Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

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TaxBit Online and Social Media Presence

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TaxBit News and Updates

PayPal, Coinbase Invest in Crypto Tax Automation Startup TaxBit

PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm.

TaxBit Secures Investments from PayPal Ventures and Coinbase Ventures; Winklevoss Capital Doubles Down

SALT LAKE CITY, Jan. 7, 2021 /PRNewswire/ -- TaxBit, which offers cryptocurrency tax automation software targeted for crypto users, exchanges, and merchants, is excited to announce new investments from PayPal Ventures, Coinbase Ventures, and existing investor, Winklevoss Capital. These...

Uphold and TaxBit partner to tackle incorrect audits of crypto investors

The AICPA is also urging the IRS to expand and clarify its cryptocurrency guidance.

Uphold Teams Up With TaxBit to More Accurately Report Users’ Crypto Trades

Uphold is launching a real-time tax liability dashboard with the help of TaxBit, allowing users to more easily understand and file their taxes.

TaxBit Blogs

Meet TaxBit Team Member, Taylor Paletta

At TaxBit, our team is the pulse that keeps our company moving forward. Every employee brings a unique perspective and skillset, and we wouldn’t be where we are today without them! In our TaxBit Team Spotlight Series, we’ll get to know the team members behind our success a bit better. This week, we’…

How to Report Cryptocurrency on Taxes

As cryptocurrency has exploded in popularity, there's been a lot of confusion over how to properly report cryptocurrency on taxes. The cryptocurrency tax reporting requirements can seem intimidating, but with a little help, new investors and busy traders alike can get through the process painlessly.…

Cryptocurrency Tax Laws in 2021: What You Need to Know

Cryptocurrency is slowly but surely redefining and helping expand the world of finance, with companies like Mastercard and Venmo jumping into the fray to support the growth of cryptocurrencies. At the same time, the Internal Revenue Service is taking note of the growth in digital currencies and clos…

Meet TaxBit Team Member, Ethan Brouwer

At TaxBit, our team is the pulse that keeps our company moving forward. Every employee brings a unique perspective and skillset, and we wouldn’t be where we are today without them! In our TaxBit Team Spotlight Series, we’ll get to know the team members behind our success a bit better. This week, we’…

NFT Tax Guide: What Creators and Investors Need to Know About NFT Taxes

What started years ago with a blockchain-based platform for collecting and breeding one-of-a-kind digital cats, CryptoKitties, is now transforming the way artists, musicians, sports fans, and celebrities buy and sell original creations. This trend we’re referring to is the rise of NFTs. …

IRS Guidance On Cryptocurrency Mining Taxes

In the crypto tax space, we frequently hear about taxpayers’ responsibilities to calculate and report their capital gains and losses on an IRS 8949 cryptocurrency tax form. However, the tax implications and potential deductions for mining cryptocurrency such as Bitcoin are often overlooked. Mining c…
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TaxBit Frequently Asked Questions

  • When was TaxBit founded?

    TaxBit was founded in 2018.

  • How many employees does TaxBit have?

    TaxBit has 44 employees.

  • Who are TaxBit competitors?

    Competitors of TaxBit include Bitcoin IRA, Mercado Bitcoin and United Traders.