Blockpit Review (2026):
Crypto Tax Software for EU Investors
Blockpit generates crypto tax reports and tracks your portfolio across exchanges and wallets. It is one of the few tools with genuine DACH-region compliance — pre-filled German, Austrian, and Swiss tax forms rather than generic PDFs. The real question is whether the accuracy justifies the cost, and where it still breaks. This review answers both.
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TL;DR
- EU and DACH investors (Germany, Austria, Switzerland) who need a correctly formatted tax output for their country’s tax office.
- Spot crypto investors on 1–3 major exchanges wanting automated tax calculations without hiring an accountant.
- Anyone who acquired crypto before 2021 and needs to reconstruct a reliable cost basis from old transaction history.
- Investors who want a free portfolio tracker with no commitment to buying a tax report.
- Active DeFi users across multiple chains — expect meaningful manual classification work regardless of tool.
- Paying for a tax year report and discovering gaps in exchange history that require manual CSV uploads.
- Investors outside the core DACH/FR/NL/UK countries may receive a country-specific report rather than a pre-filled form — but all 36 supported countries get national tax logic applied, not a generic PDF.
- The per-tax-year pricing model: cheap if you file once, expensive if you need to amend multiple prior years.
What is Blockpit?
A crypto tax and portfolio tracking platform that has become one of the dominant tools for EU-based investors.
Blockpit is an Austrian-based crypto tax software company founded in 2017. Its core product does two things: it tracks your portfolio in real time across connected exchanges and wallets, and it generates tax reports — either generic PDFs or, for supported countries, pre-filled local tax forms — at the end of each tax year.
It matters for EU investors specifically because the regulatory context differs from the US. Germany’s one-year holding period exemption, Austria’s flat-rate crypto tax, and Swiss income tax treatment for staking rewards are not correctly handled by most US-centric tools. Blockpit builds those rules into its tax logic.
The portfolio tracker is free and has no transaction or time limit. You can use it indefinitely to monitor performance, cost basis, and unrealised gains — without ever purchasing a tax report. The paid product is the tax report itself, priced per tax year.
Who Blockpit is actually built for
The tool covers a wide range of investor types, but its strongest fit is narrow and specific.
- German, Austrian, Swiss investors — pre-filled local tax forms, correct holding period logic.
- Spot investors on major exchanges — Binance, Coinbase, Kraken, Bitpanda: fast API sync, minimal cleanup.
- Long-term holders who haven’t filed crypto taxes before and need to reconstruct a multi-year history.
- Accountants and tax advisors working with EU clients who need a reliable audit trail.
- Active DeFi users across 5+ chains — LP and bridging transactions require significant manual review.
- Futures and derivatives traders — perpetual positions and margin trades have more edge cases than spot.
- Investors in unsupported countries — you’ll get a PDF report rather than a country-formatted tax form.
- US-focused investors — US coverage exists but US-centric tools like CoinLedger are purpose-built for that market.
Core features: what Blockpit actually does
Five features worth understanding before deciding whether to use the platform.
Blockpit imports your full transaction history, applies your country’s tax logic (FIFO by default in most EU jurisdictions), calculates realised gains and losses, staking income, and any disposals. The output is a structured tax report for the selected tax year. For supported countries, this becomes a pre-filled form in the local format — Germany’s Anlage SO, for example — rather than a document you have to manually transfer data from.
Connect your exchanges and wallets and get a live overview of total portfolio value, unrealised gains and losses, cost basis per asset, and performance over time. This part of the product is free indefinitely. The daily sync frequency depends on your plan — the free tier syncs less frequently than paid tiers. Useful even if you never buy a tax report.
The Sell Simulator shows you the estimated tax liability of a sale before you execute it. This is useful for timing disposals around holding period thresholds — particularly relevant in Germany, where crypto held for more than one year is tax-free regardless of gain size. You can model a partial sale, see the tax impact, and decide whether to wait. This feature is available on paid plans.
Blockpit handles staking rewards, yield farming, liquidity pool positions, lending income, airdrops, and NFT purchases and sales across 190+ blockchains. The platform attempts to classify these transactions automatically. Simple staking on a single chain (e.g. ETH staking via Lido on one wallet) is handled cleanly. LP positions across multiple chains or complex DeFi interactions will still require manual review in most cases — this is a category-wide limitation, not unique to Blockpit.
European banks increasingly ask for documentation when crypto holders make large fiat deposits. A Source of Funds report shows the origin and history of your crypto holdings in a structured format suitable for bank compliance requests. This is one of the features that differentiates Blockpit from basic tax calculators and reflects the EU regulatory environment it was built for.
How Blockpit charges — and the break-even math
Blockpit charges per tax year, not as a rolling monthly subscription. That changes the value calculation significantly.
| Plan | Transaction limit | Tax reports | Best for |
|---|---|---|---|
| Free | Unlimited | Portfolio tracking only — no tax report | Monitoring holdings without filing |
| Lite | Up to 50 transactions | Full tax report included | Buy-and-hold investors, few trades |
| Basic | Up to 1,000 transactions | Full tax report included | Active spot traders, multiple exchanges |
| Pro | Up to 25,000 transactions | Full tax report included | DeFi users, high-frequency traders |
| Unlimited | No limit | Full tax report included | Power users, on-chain-heavy portfolios |
A separate monthly subscription that adds priority daily syncing, premium analytics, and advanced portfolio features. This sits on top of the per-year tax report pricing. If you primarily want the portfolio tracker and don’t need instant daily sync, you don’t need Plus. If you’re actively monitoring a large DeFi portfolio and want real-time data, it becomes relevant.
A crypto tax accountant in Germany typically charges €150–500 for a straightforward crypto tax filing. If Blockpit’s Lite or Basic plan covers your transaction count and produces a correctly formatted Anlage SO, the cost comparison is immediate. The tool pays for itself in the first year for most investors who would otherwise hire help. The caveat: if your history requires extensive manual cleanup, you may spend hours on it regardless.
Supported countries: pre-filled forms vs generic reports
This is the most important distinction in Blockpit’s offering. Not all country support is equal.
Blockpit supports 36 countries with country-specific tax reports built on national tax logic — not generic PDFs. Within that, there are two tiers. For core countries (Germany, Austria, Switzerland, France, Netherlands, UK, US), it generates a pre-filled, locally formatted tax document you can submit directly to your tax office or hand to an accountant. For the remaining supported countries, it generates a country-specific report applying the correct national rules, which you then file via your country’s online portal or advisor. A generic PDF with no local logic is only the fallback for countries outside the 36 supported.
| Country | Coverage type | Key tax rules applied |
|---|---|---|
| Germany | Pre-filled (Anlage SO) | 1-year holding exemption; staking as income |
| Austria | Pre-filled (local form) | 27.5% flat rate; specific disposal rules |
| Switzerland | Pre-filled (local form) | Wealth tax; income tax on staking/mining |
| France | Pre-filled (Cerfa 2086) | 30% flat rate; portfolio-level gain calculation |
| Netherlands | Pre-filled | Box 3 wealth tax on January 1 portfolio value |
| United Kingdom | Pre-filled | Section 104 pooling; annual CGT allowance |
| United States | Pre-filled (Form 8949) | Short/long-term distinction; wash sale rules limited |
| Italy | Pre-filled (local form) | National tax logic applied; localised tax form included |
| Spain | Pre-filled (local form) | National tax logic applied; localised tax form included |
| Portugal | Country-specific report | National tax logic applied — file via online portal or advisor |
| Other countries | PDF report | Generic FIFO/LIFO output — manual transfer required |
Exchanges, wallets, and blockchains
Coverage is broad. The practical question is whether your specific exchanges are supported with API sync or only CSV import.
Major exchanges including Binance, Coinbase, Kraken, Bitpanda, Bitfinex, Bybit, OKX, and Kucoin are supported. Bitpanda is particularly well-integrated, which matters for DACH-region investors where Bitpanda is widely used.
Import method matters. API sync (read-only) is more reliable than CSV import because it pulls complete history automatically. CSV upload works for unsupported exchanges but requires you to export files manually and manage format discrepancies.
On-chain wallets — MetaMask, Ledger, Trezor, and others — connect via public wallet address rather than private key. Blockpit reads your transaction history from the blockchain directly. 190+ chains are supported, covering Ethereum, Solana, Polygon, Arbitrum, Optimism, Avalanche, BNB Chain, and most other significant networks.
500,000+ tokens are in the asset library, which handles most long-tail and smaller altcoin positions without manual entry.
Tax logic and accuracy: the honest picture
Why different crypto tax tools produce different numbers for the same portfolio — and what this means for Blockpit users.
Crypto tax software does not produce a guaranteed correct answer. It applies rules to your transaction history, and the accuracy of the output depends entirely on the completeness of that history. If your exchange history has gaps — missing imports from a closed exchange, transfers between wallets that the tool doesn’t recognise as your own, or LP transactions it classifies incorrectly — the tax report will be wrong in ways that are not always obvious.
- FIFO and LIFO cost basis calculation with correct transaction ordering.
- Germany’s one-year holding period: correctly identifies exempt disposals.
- Staking rewards classified as income on receipt date at market value.
- Transfer detection between your own wallets — avoids treating transfers as taxable disposals.
- Crypto-to-crypto trades treated as disposal events where required (most EU jurisdictions).
- Unrecognised transfers between your own wallets get flagged as disposals — requires manual tagging.
- Liquidity pool entry and exit is often partially classified — the tool catches the trade but may miss the fee or impermanent loss correctly.
- Bridging transactions across chains can appear as two separate disposals unless manually corrected.
- Price discrepancies between exchanges at the moment of a transaction affect cost basis slightly.
- Missing historical data for dissolved or hacked exchanges has no automated fix.
Where Blockpit breaks: what competitors don’t say
Most Blockpit reviews are written by affiliate sites who stop at features and pricing. These are the real friction points users report.
This varies more than any other factor. Simple spot investors on 1–2 major exchanges: close to zero cleanup. Investors who moved funds between self-custody wallets and multiple exchanges: expect to review and tag transfers manually, which can take an hour or two for a multi-year history. Active DeFi users: high cleanup regardless of tool. The platform provides an error queue — a list of flagged transactions — which makes it structured rather than open-ended, but it doesn’t eliminate the work.
The per-tax-year pricing is economical if you only need one year. If you’ve been holding crypto since 2017 and have never filed, you might need to purchase 7 or 8 years of reports. At Pro-plan pricing across multiple years, this adds up quickly. Some users in this situation find a one-time engagement with a crypto tax accountant more cost-effective if their history is clean enough to hand over.
API syncing from major exchanges is generally reliable. Less popular exchanges — particularly those with limited documentation or rate-limited APIs — sometimes fail to sync completely. When this happens, CSV import is the fallback, which is workable but adds friction. Always verify that your transaction count in Blockpit matches what you know your exchange history contains before generating a paid report.
The free portfolio tracker is useful but syncs less frequently than paid tiers. If you want near-real-time portfolio data, you’ll need Blockpit Plus (a separate monthly subscription). For most long-term investors checking their portfolio weekly or monthly, the free sync frequency is sufficient. For active traders checking daily, it may not be.
Security, interface, and mobile
API connections are read-only — Blockpit can view transaction history but cannot initiate trades or withdrawals. The platform is GDPR-compliant (Austrian HQ, EU data residency), uses SSL encryption, and supports 2FA. When connecting exchanges, always generate a read-only API key — Blockpit’s onboarding instructions show you how for each exchange. Do not paste full-permission keys into any third-party tool.
The web interface is clean and more modern than older competitors like CoinTracking. The onboarding flow is well-structured: connect integrations, wait for import, review the error queue, then generate a report. The mobile app (iOS and Android) handles portfolio monitoring and push notifications for price milestones. The tax report workflow is better suited to web. The platform flags transaction issues in a structured queue rather than leaving you to find problems manually.
Blockpit vs competitors
Four tools appear in every EU crypto tax discussion. Here is where each one actually differs.
| Criteria | Blockpit | Koinly | CoinTracking | CryptoTaxCalculator |
|---|---|---|---|---|
| EU / DACH focus | Strong — pre-filled forms for DE, AT, CH, FR, NL | Good — broad international, less localised output | Moderate — extensive features, older interface | Moderate — AU/UK strong, EU secondary |
| UI quality | Modern, clean onboarding | Modern, well-regarded | Older, steeper learning curve | Functional, less polished |
| DeFi support | Good — most chains covered, LP needs cleanup | Good — similar caveats | Very broad — extensive manual tools | Strong — particularly for AU DeFi users |
| Pricing model | Per tax year | Per tax year | Annual subscription | Per tax year |
| Free portfolio tracking | Yes — unlimited, no time cap | Limited on free plan | Limited | Limited |
| Source of Funds report | Yes — built in | Not standard | Not standard | Not standard |
| German Anlage SO | Yes — pre-filled | PDF summary only | PDF summary only | PDF summary only |
| Holding period exemption (DE) | Applied automatically | Applied but verify | Applied — manual confirmation recommended | Applied — manual confirmation recommended |
How the setup process actually works
Five steps from account creation to a completed tax report.
Your country selection determines which tax rules apply and which tax form format you’ll receive. Select correctly — changing it later requires recalculating the entire history.
For each exchange, generate a read-only API key from your exchange account settings and paste it into Blockpit. The platform provides step-by-step instructions for each supported exchange. Blockpit then imports your complete transaction history automatically.
For on-chain wallets, paste your public wallet address. Blockpit reads your on-chain history directly without requiring private keys or seed phrases. Never share private keys with any third-party tool.
After import, Blockpit flags transactions it cannot classify automatically. Work through these in order: most are wallet transfers that need to be tagged as “transfer between own wallets” rather than a disposal. The more exchanges and wallets you have, the longer this takes.
Select the tax year you need, choose the plan matching your transaction count, and generate the report. For supported countries, download the pre-filled local tax form. For others, download the PDF summary and transfer the figures manually.
Try Blockpit for free
The portfolio tracker is free with no time limit. Connect your exchanges, review your history, and decide whether the tax report is worth purchasing before spending anything.
Go deeper
Frequently asked questions
Is Blockpit free to use?
Yes — the Free plan gives you unlimited portfolio tracking with no time limit. Tax reports require a paid plan. Paid plans are priced per tax year rather than as a rolling subscription, which means you only pay when you actually need to file.
Does Blockpit automatically report to tax authorities?
No. Blockpit generates a tax report — either a PDF or, for supported countries, a pre-filled local form — that you then submit yourself or hand to your accountant. It does not file on your behalf or send data directly to any tax office.
Is it safe to connect my exchange API keys to Blockpit?
Blockpit uses read-only API connections — it can view your transaction history but cannot place trades or initiate withdrawals. The platform is GDPR-compliant and uses SSL encryption. Always generate read-only API keys when connecting any third-party tool to an exchange. Never grant withdrawal permissions.
Which EU countries get pre-filled tax forms from Blockpit?
Blockpit supports 36 countries with country-specific tax reports based on national tax logic. For core countries — Germany (Anlage SO), Austria, Switzerland, France, the Netherlands, and the UK — it generates pre-filled forms you can submit directly. For the other supported countries it generates a country-specific report applying correct local rules. A generic PDF fallback only applies to countries outside the 36 supported. Always verify current coverage on Blockpit’s website.
How does Blockpit handle DeFi, staking, and NFTs?
Blockpit supports staking income, liquidity pool transactions, yield farming, NFT trades, and airdrops across 190+ blockchains. Simple staking on a single chain is handled cleanly. Active DeFi users — particularly those with LP positions across multiple chains — should expect manual review of some auto-classified transactions. This is a category-wide limitation, not unique to Blockpit.
Blockpit vs Koinly — which is better for EU investors?
Blockpit has the edge for DACH-region investors — Germany, Austria, Switzerland — because it provides pre-filled local tax forms and applies local tax logic correctly, including Germany’s one-year holding period exemption. Koinly has broader international coverage and can be slightly cheaper at low transaction volumes. For EU investors who need a correctly formatted output for their country’s tax office, Blockpit is the stronger choice where supported. See the full Koinly vs Blockpit comparison for a side-by-side breakdown.
How much manual cleanup should I expect?
Simple spot investors on 1–2 major exchanges: minimal. Investors who transferred funds between self-custody wallets and multiple exchanges: expect an hour or two of manual tagging for a multi-year history. Active DeFi users across multiple chains: significant cleanup regardless of which tool you use. Blockpit’s error queue structures the work — you can see exactly what needs review — but it doesn’t eliminate it.