Awaken
Awaken is a specialized tax automation platform designed to help web3 companies and digital asset holders accurately calculate, track, and report their cryptocurrency taxes with high-precision cost basis tracking.
ZenLedger
ZenLedger is a comprehensive crypto tax software that simplifies your tax reporting by automatically aggregating transactions across exchanges, wallets, and blockchains to ensure accurate capital gains and losses.
Quick Comparison
| Feature | Awaken | ZenLedger |
|---|---|---|
| Website | awaken.tax | zenledger.io |
| Pricing Model | Freemium | Freemium |
| Starting Price | Free | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✓ Has free plan |
| Product Demo | ✘ No product demo | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2021 | 2017 |
| Headquarters | San Francisco, USA | Bellevue, USA |
Overview
Awaken
Awaken is a dedicated crypto tax platform built to handle the complexities of web3 transactions, including DeFi, NFTs, and liquidity provisioning. You can connect your wallets and exchanges to automatically pull in transaction history, which the software then categorizes to identify taxable events. It focuses on high-accuracy data, ensuring your cost basis is calculated correctly across thousands of different tokens and protocols.
You can generate IRS-ready tax forms, such as Form 8949, or export your data directly into popular accounting tools. The platform is designed for both individual investors and professional accountants who need to manage multiple client portfolios. By automating the heavy lifting of data normalization, you save hours of manual spreadsheet work while reducing the risk of overpaying on your capital gains taxes.
ZenLedger
ZenLedger simplifies the complex world of cryptocurrency taxes by automatically connecting to your exchanges and wallets. You can import your entire transaction history with just a few clicks, allowing the platform to identify transfers, trades, and income across hundreds of supported platforms. It handles everything from simple spot trades to complex DeFi and NFT transactions, ensuring you don't overpay on your tax bill.
The platform generates all the necessary IRS-ready documents you need, including Schedule D and Form 8949. You can also use the built-in tax-loss harvesting tool to identify opportunities to offset your gains and save money. Whether you are a casual investor or a high-frequency trader, ZenLedger provides a clear bird's-eye view of your portfolio's performance and tax liability in one centralized dashboard.
Overview
Awaken Features
- Automated Wallet Sync Connect your hardware wallets and exchange accounts to automatically import every transaction without manual data entry.
- DeFi & NFT Support Track complex on-chain activities like staking, minting, and liquidity pools across multiple blockchains and protocols.
- Tax Form Generation Generate ready-to-file IRS Form 8949 and Schedule D reports that you can hand straight to your accountant.
- Cost Basis Tracking Apply advanced accounting methods like FIFO or HIFO to optimize your tax liability and track your performance.
- Error Detection Identify missing prices or duplicate transactions automatically so your final tax reports remain accurate and audit-ready.
- Portfolio Analytics Monitor your real-time holdings and unrealized gains across all your connected platforms in a single unified dashboard.
ZenLedger Features
- Automated Data Import. Connect your accounts via API or CSV to automatically sync transactions from over 400 exchanges and 100+ wallets.
- Tax-Loss Harvesting. Identify specific coins in your portfolio that you can sell at a loss to offset your capital gains.
- Unified Dashboard. View your entire crypto portfolio, including total value and unrealized gains, across all connected platforms in one place.
- DeFi and NFT Support. Track complex decentralized finance activities and NFT trades to ensure every transaction is accounted for accurately.
- IRS-Ready Reports. Generate completed tax forms like Form 8949 and Schedule D that you can download or export to TurboTax.
- Grand Unified Accounting. Review a single spreadsheet containing every transaction across all your wallets and exchanges for easy auditing.
Pricing Comparison
Awaken Pricing
- Up to 25 transactions
- Unlimited wallet sync
- Portfolio tracking
- Tax preview
- DeFi & NFT support
- Everything in Free, plus:
- Up to 150 transactions
- Downloadable tax reports
- IRS Form 8949
- TurboTax export
- Priority email support
ZenLedger Pricing
- Up to 25 transactions
- Unlimited exchanges
- Unlimited wallets
- Standard customer support
- Tax-loss harvesting tool
- Everything in Free, plus:
- Up to 100 transactions
- Premium customer support
- DeFi and NFT support
- Staking and mining income tracking
Pros & Cons
Awaken
Pros
- Excellent support for complex DeFi and NFT transactions
- Clean and modern interface is easy to navigate
- High accuracy in cost basis and price data
- Free tier allows for full portfolio tracking
Cons
- Pricing can scale quickly for high-frequency traders
- Fewer exchange integrations than some older competitors
- Limited mobile app functionality compared to desktop
ZenLedger
Pros
- Excellent customer support via live chat
- Very easy to import data from major exchanges
- Comprehensive support for DeFi and NFT transactions
- Clear and intuitive user interface for beginners
Cons
- Pricing can be high for high-volume traders
- Occasional manual mapping required for obscure tokens
- No mobile app for on-the-go portfolio tracking