Bitwave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bitwave
Score 8.9 out of 10
N/A
Bitwave provides enterprises a drop in solution for handling digital assets. The platform offers complex tax tracking capabilities, automatic mark-to-market capabilities, crypto invoicing, and crypto bill pay. It is a multi-user, multi-sig wallet that helps businesses hold their coins safely, securely, and compliantly; it is a fuback-office software solution for businesses using crypto, holding tokens, etc.N/A
Pricing
Bitwave
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Bitwave
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeNo setup fee
Additional Details
More Pricing Information
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Score 9.7 out of 10
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User Ratings
Bitwave
Likelihood to Recommend
8.5
(0 ratings)
User Testimonials
Bitwave
Likelihood to Recommend
Bitwave is designed for companies or high net worth individual with a significant amount of digital asset transactions & activity. It is not meant for the individual trader that has a few investments in crypto. Bitwave is really meant to be used where digital currency assets are fully utilized by the company and used for expenses, revenue, and capital investments. It most closely reminds me of Quickbooks online with its bank & credit card integration. Bitwave will produce a list of transactions, and the user goes through each transaction to link it to the appropriate account on the chart of accounts. Then my recommendation is to create a snapshot of all the company digital wallets and audit the Bitwave balance report against those snapshots to ensure that all token have been properly recorded, just like a bank reconciliation. So my recommendation is to use Bitwave if you use digital assets like a bank account and need to record the activity to a G/L.
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Pros
  • Captures crypto activity automatically through API connections
  • Calculates realized gain / loss amounts
  • Balance reports as of a particular date in time for Mark to Market
  • Good onboarding support and troubleshooting issues
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Cons
  • ability to set constant pricing (ie USD stablecoin)
  • speed of refresh
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Alternatives Considered
Legible was similar service but too high in pricing. Coinpanda was able to support some chains that Bitwave wasn't able to automatically support; however, Coinpanda was a less professionalized operation with less customer support.
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