We are a decentralised exchange on Sui. Cryptoworth helps us to correctly calculate and report our crypto revenue & transactions.
Pros
Has many integrations with chains and tokens
Has a comprehensive classification system
Has a very responsive customer support team
Cons
The platform is prone to bugs
The UI/UX is rather confusing to use and takes time to get used to
Takes a considerable time to load and import all transactions
Likelihood to Recommend
As a company that uses multiple wallets, many swaps between assets and users, Cryptoworth might not be the easiest solution to use.If you have a low number of monthly transactions and a fairly uncomplicated structure, then Cryptoworth will be a good and cost-effective solution.
However, if you think that your company has lots of transactions, multiple chains, complicated reporting requirements, etc., then Cryptoworth might not be the best solution because you'd spend more time fixing bugs with the CS team than actually doing accounting.
Our company has numerous wallets and exchange accounts on the blockchain, over 50. Trying to manage these in the past and keep track of taxable events, business revenue, internal transfers, gas fees, vendor expenses paid via blockchain etc has been extremely difficult. Since we started using Cryporworth, it's been a major improvement.
Pros
Customer Service
Numerous connections
Value for Money
Cons
Accounting experts on team
The program can be a little glitchy from time to time
Likelihood to Recommend
Cryptoworth is especially well suited for high volume, bigger enterprises with transactions stored across multiple places. Their support team is very accessible and friendly and willing to use whatever instant messenger app is most useful for your business. Subledger software is a newer concept and you can tell it's still being revised but Cryptoworth is definitely one of the best in the market right now.
We use Cryptoworth as our crypto subledger with millions of dollars in crypto over 50,000 historical transactions . We are project that transacts in our native token as well as many other chains. The team at Cryptoworth not only integrated and supported us while other subledger companies wouldn't, but they also are very attentive to feedback and product improvements. There is so much nuance in this industry and we can count on them to help navigate it and incorporate any new practices.
Pros
Customer service and feedback
Flexibility and openness to new transactions or chains
User experience is great, intuitive, and always seems to get better
Cons
There have been a few times in the past where the infra was timing out or slow. We would wait and come back to it working later
Bill forwarding from email would be a nice feature to have
Sometimes snapshots don't get all assets
Likelihood to Recommend
I think that anyone using a subledger at all would benefit from Cryptoworth. Foundations or other projects with native tokens would absolutely benefit because the team is always willing to add chains and integrate based on customer needs. Subledgers are more for a business / enterprise use case so for individuals maybe some other coin trackers would be better.
VU
Verified User
Director in Finance and Accounting (11-50 employees)
It is a great and essential tool for any individual or company dealing with digital assets. Finally you can consolidate your portfolio at one place and use the data to feed into your accounting ERP and also helps your with your tax compliance. Most well known exchanges, wallets, blockchains work seamlessly with API and for anything really specific other solutions are available to import your data. I really like the way that the accounting journals of transactions can be customised and the dashboard and other product features makes it easy to navigate through your transactions. Customer service is superb and the team is really supportive to enable you to use the product to its full potential.
Pros
accounting tool to plug into your ERP
great dashboard that shows your positions of your portfolio
reports, tax and other essential calculations made easy
easy to connect your data with the most often used wallets, exchanges....etc.
very easy to use user interface
high level of customisation is possible if required
fantastic customer service
very useful HelpCentre if you need to help
Cons
more API connections with some exchanges
more feedback, explanations on some of the error messages that guide you to correct your data
it would be great to be able to preview a journal for a specific transaction, before you do the Sync with the ERP
Likelihood to Recommend
It takes some time to get to know the product and arrange, classify your data, but once it is done it is worth it. Cryptoworth is highly recommended if you use crypto on daily level and you need to import these data into your accounting software automatically.
VU
Verified User
Manager in Finance and Accounting (1-10 employees)
After years of manual work regarding Crypto accounting, we have implemented CryptoWorth - The team is very reliable, experienced, professional, and responsive. The system helped us set up our vast database using multiple tools. In addition, working with CW on a monthly basis is really convenient. The workflow is great and accurate and answers all of our compliance and accounting needs. Furthermore, for any specific feature that needs to be added, the team is very responsive and will definitely solve any problem or need you may have (Very important as each Crypto company has a lot of different aspects and needs). Also, tax-wise and reporting-wise, CW works like a charm. After reviewing and using a couple of Crypto accounting management software, I must say this is the best and I highly recommend it - Also the pricing is very reasonable.
Pros
Crypto accounting and compliance
Various reports
Tax matters
Crypto montioring
Responsive and professional team
Cons
Some minor bugs on UI & UX side
Likelihood to Recommend
All Crypto accounting and monitoring-related matters - Works fantastic. If you worked manually until today and you wish to establish your past tx data for monthly work, super recommended !!
Cryptoworth is a crypto accounting software that allows users to easily organize and track their cryptocurrencies in one place. NFT accounting, automation of crypto reporting, invoice and billing, and accounting and tax are some of the uses that can be done with Cryptoworth. Portfolio tracking can be done easily through the platform, whether it is done on the website or the mobile app.
Pros
NFT accounting.
Invoice and billing.
Crypto reporting.
Accounting and tax.
Aesthetic website and mobile app.
Cons
Different themes on mobile app.
Ability to organize website platform.
Better pricing options.
Likelihood to Recommend
Cryptoworth is an easy recommendation to others who have extensive investments in crypto and need a platform to organize everything. Also, this is also a great platform for those who are starting out with investing in crypto. There are different packages with pricing that is accessible for everyone and even a free option for those who first want to get a feel for Cryptoworth.
CryptoWorth was used as a trial alternative to the coin tracking app. It helps keep track of any taxes and crypto transactions. It allows our business to account correctly quarter by quarter for fluctuations in price. To top it all off they offered a free trial in order to do so.
Pros
Has a large array of crypto currency.
Clean UI.
Good support.
Cons
Fees after trial.
Likelihood to Recommend
It may not be needed by all yet but will become more applicable as tax and self-assessment on crypto assets get cracked down on. It's best to stay ahead and use these products early in order to stay on top.