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.
CoinStats
CoinStats is a comprehensive crypto portfolio management platform that allows you to track all your holdings across multiple exchanges and wallets in one unified dashboard with real-time data.
Quick Comparison
| Feature | Awaken | CoinStats |
|---|---|---|
| Website | awaken.tax | coinstats.app |
| Pricing Model | Freemium | Freemium |
| Starting Price | Free | Free |
| FREE Trial | ✘ No free trial | ✓ 7 days free trial |
| Free Plan | ✓ Has free plan | ✓ Has free plan |
| Product Demo | ✘ No product demo | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2021 | 2017 |
| Headquarters | San Francisco, USA | Yerevan, Armenia |
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.
CoinStats
CoinStats is a centralized hub designed to simplify how you manage your cryptocurrency and DeFi investments. Instead of logging into dozens of different exchanges and checking multiple hardware wallets, you can connect everything to one dashboard. This gives you a clear, real-time view of your total profit and loss, asset allocation, and transaction history across more than 300 wallets and exchanges.
You can use the platform to identify new investment opportunities through advanced filtering and research tools. It solves the problem of fragmented data by providing a single source of truth for your digital assets. Whether you are a casual investor or a high-frequency trader, the platform helps you stay organized and informed with personalized news alerts and detailed analytics on your portfolio performance.
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.
CoinStats Features
- Portfolio Tracking. Connect your exchanges and wallets to see your total balance, profit, and loss in one unified real-time dashboard.
- DeFi Swap. Swap your tokens across multiple chains directly within the app to save time and find the best available rates.
- Custom Alerts. Set up personalized price, volume, and news alerts so you never miss a market move or a critical update.
- Tax Reporting. Generate detailed tax reports for your crypto transactions with just a few clicks to simplify your annual filings.
- Coin Insights. Access in-depth analytics and social sentiment data for thousands of coins to help you research your next trade.
- NFT Tracking. Monitor your NFT collection alongside your fungible tokens to get a complete picture of your digital net worth.
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
CoinStats Pricing
- Connect up to 10 portfolios
- Track up to 1,000 transactions
- Real-time price updates
- Basic portfolio analytics
- Access on web and mobile
- Everything in Free, plus:
- Unlimited portfolio connections
- Up to 1,000,000 transactions
- Advanced profit/loss analysis
- Priority customer support
- Order fill notifications
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
CoinStats
Pros
- Supports a massive range of wallets and exchanges
- Clean and intuitive mobile app interface
- Real-time syncing provides accurate balance data
- Excellent visibility into DeFi and NFT holdings
Cons
- Free version has strict transaction limits
- Occasional sync delays with specific exchanges
- Premium subscription is relatively expensive