6 Crypto Tax Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Crypto Tax Business

The tax code is a complex system that has been in place for decades. As the new age of currency, cryptocurrency, is introduced to the world, it has become increasingly difficult to keep up with the changes.

In 2017, the number of people who owned bitcoin in the United States was 1.5 million.

There are many tax services available online that are designed specifically for cryptocurrency traders and investors. These services will help crypto owners file their taxes quickly and painlessly so they can get back on track with their investments!

Here are some real life success stories of starting a crypto tax business:

1. BearTax ($44.4K/year)

Vamshi Vangapally, CEO and Co-founder of BearTax, came up with the idea for his cryptocurrency tax software when he received an email from GDAX informing him that his trades would be reported to the IRS. After searching for a solution and finding expensive and unreliable options, Vamshi and his team built BearTax to help cryptocurrency traders calculate their taxes accurately and efficiently. Since its launch in 2018, BearTax has become one of the top cryptocurrency tax software in multiple countries, serving over 10,000 users worldwide.

How much they make: $44.4K/year
Current team size: 7

How I Built A $0 To $100K/Month Crypto Tax Calculator

BearTax is a cryptocurrency tax software that helps traders consolidate trades and calculate taxes without heavy lifting, serving over 10,000 users across the globe in the US, Australia, Canada and India.

About

Vamshi started BearTax about 6 years ago

Revenue

Vamshi grew the business to $3.7K/month

Read this case study

Read by 9,045 founders

Learn more about starting a crypto tax business:

Where to start?

-> How much does it cost to start a crypto tax business?
-> Pros and cons of a crypto tax business

Need inspiration?

-> Examples of established crypto tax business
-> Marketing ideas for a crypto tax business

Other resources

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Starting A Crypto Tax Business: Everything You Need To Know

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4. Crypto.com

Crypto.com is on a mission to accelerate the world’s transition to cryptocurrency. Through the Crypto.com Mobile App and Exchange, you can buy 80+ cryptocurrencies and stablecoins, such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Purchase with a credit card, debit card, crypto, or fiat bank transfer. Our ecosystem consists of financial services, payment solutions, a world-class trading platform, and decentralised finance offerings.

Website traffic: 7.2M/month

5. CryptoTaxCalculator

Making your crypto taxes easier with support for over 500 integrations. Covers NFTs, DeFi & DEX trading. Backed by AirTree Ventures, Coinbase Ventures and 20VC.

6. CoinLedger — The #1 Crypto Tax Software

Calculate Your Crypto Taxes in 20 Minutes. Instant Crypto Tax Forms. Support For All Exchanges, NFTs, DeFi, and 10,000+ Cryptocurrencies.