Awaken accurately handles staking, bridging, NFTs, and almost everything else in web3. It's the most accurate, fastest, and easiest-to-use tax software on the market.
Hi Product Hunt!
Last year, my co-founder Yash and I paid hundreds of dollars for several crypto tax products that didn’t work, only to spend days manually reviewing transactions to make sure they were labeled correctly.
Those platforms would’ve been fine a few years ago, when all we did was buy and sell Bitcoin, Ethereum, and various tokens on exchanges. But now we (and millions of other people) are doing blockchain transactions - staking NFTs, providing liquidity, bridging, lending, etc. - that are way more complex, and those crypto tax products built 4–5 years ago can’t handle them.
So we decided to work with a bunch of crypto CPAs and build a better solution. Now, just in time for tax season this year, we’re launching Awaken Tax: https://awaken.tax/
Here’s how it works: We collaborate with numerous data providers (Alchemy, Nxyz, Helius, Hatchfi, Moralis, Covalent, Etherscan, SnowTrace, CoinGecko, and many more) to gather as much indexed blockchain data as possible. We stitch all the data together to gain insight into every transaction on each chain being used. When users add their accounts, we pipe their transactions through a tax engine that we built from the ground up on top of a double ledger. This allows us to reconcile the majority of transactions automatically. To streamline the process even further, we incorporated a rules engine that automatically labels transactions as you label them.
It's not perfect and we don’t support every single thing yet (we’re being thoughtful around which integrations we add, going deep in our support for each instead of adding everything and sucking at them), but having tried several competitors I’m proud to say that Awaken is already the most accurate, fastest, and easiest-to-use crypto tax software available right now.
- We support all the largest chains: Ethereum, Polygon, Avalanche, BNB Chain, Optimism, Arbitrum, and Solana.
- We integrate with all the major exchanges like Coinbase, Kraken, Binance, Gemini, and Kucoin and offer spreadsheet upload support for 100+ more (Bitfinex, Crypto.com, Gate.io, etc.).
- We’re the only DIY software I’ve tried that captures and identifies all of your token, NFT, and DeFi transactions and calculates the cost basis correctly for everything.
- Our smart software learns as you use it. When you label 1 transaction, 30+ others are often automatically labeled for you, saving you hours of time.
- Users can stay anonymous - only emails are required to sign up for the platform. We never ask users to connect their wallets or type in their private keys.
- We generate all of the crypto tax reports that U.S. citizens need for TurboTax, their CPA, or whatever tax software they’re using (Form 8949 and Form 1040) to file their personal taxes.
- Signing up, adding accounts, and viewing transactions and tax summaries is 100% free. Only pay when it's time to download your tax reports.
If you haven’t done your crypto taxes yet, sign up using this link (https://awaken.tax/?ref=producthunt) or use code producthunt to unlock 300 free transactions on Awaken.
We’d love to hear your honest feedback on Awaken. What do you like about it? What should we improve? What questions do you have? See you in the comments or email me anytime at andrew@awaken.tax!
Report
These guys build out new integrations faster than anyone else, and provide the best customer support. Cannot recommend enough.
@kumquatexpress thank you. I guess we both have big builder energy then 💪
Report
This solves a huge pain point for me! In past years, doing my crypto taxes cost nearly a thousand dollars and took almost 3 full days. How quickly can I get signed up with Awaken?
This saved me a ton of money because I think I wasn't doing my taxes properly the past few years and thus overpaying. Also, this supports arbitrum which many of the other services dont. I'm a true believer now.
@eli_stonberg thanks for the kind words Eli :). We are always here to help if you need anything
Report
I have tried a few other crypto tax products and I have been frustrated with their lack of accuracy and integration with other platforms. I wish I knew about Awaken from the start, it really would of saved me a lot of time and money. I would highly recommend this to anyone people just getting started or who has been using crypto tax products for a while.
makes the unthinkable (crypto tax/accounting) damn simple and organized. Sync a public wallet, and it categorizes all the transactions for you and spits out your gains/losses for your tax bill or refund amount.
Awaken
Stylized
Awaken
Awaken
Planet Crossword
Awaken
Hampton
Awaken