Awaken Tax vs Syla
Awaken Tax
awaken.taxSyla
syla.com.auSide by side
| Figure | Awaken Tax | Syla |
|---|---|---|
| Price from | $8.25/mo | A$4.08/mo |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 6 | 4 |
| Spec score · Cryptocurrency Tax Calculator | 8.4 (#4) | 7.1 (#15) |
| Spec score · Crypto Tax Software | 8.4 (#6) | 7.1 (#19) |
| Founded | 2022 | 2017 |
| Free access | Users can upload wallets and view a crypto tax summary for free, and pay when they want to download tax reports. | The free plan has no time limit and lets users import transactions, make edits, and view individual transaction tax outcomes; downloading tax reports requires a paid subscription. |
| Integrations | The integrations directory lists wallets and services including MetaMask, Coinbase Wallet, Ledger, Phantom, Coinbase, Solana, Ethereum, Hyperliquid, KuCoin, Binance US, and Kraken. | Syla states that it supports over 500 exchange, blockchain and wallet integrations. |
| Security | Awaken states that it is SOC II compliant, encrypts data in transit and at rest, and uses read-only API keys that cannot move funds. | Syla says integrations require read-only access and that it rejects API keys with elevated permissions. |
Plans
Awaken Tax
- MinnowFree
- Fish$99 a year
- Dolphin$199 a year
- Whale$599 a year
- Full Service Bookkeeping$3,000 a year
- Full Service Crypto TaxesPriced on request
Syla
- BudgetA$49 a year
- AssuranceA$129 a year
- Tax SavingA$249 a year
- Private WealthA$399 a year
In their own words
Awaken Tax
Awaken Tax is web-based crypto tax software for traders, DeFi users, startups, and funds. It advertises U.S. tax reports including Form 8949 and 1099-B, and lists Schedule D, 1099-DA reconciliation, TurboTax, and TaxAct formats. Users can upload wallets and review a tax summary for free, but need a paid plan to download tax reports. The free Minnow plan allows 100 transactions; Fish is $99.00 per year for 300 transactions, and higher tiers increase transaction limits and add options such as advanced tax settings, performance tracking, tax lots, or tax planning. Awaken says its AI handles more than 10,000 dapps and supports liquidity providing, staking, bridging, and swaps. It also says it supports more than 50 countries and lists integrations with wallets and services such as MetaMask, Ledger, Phantom, Coinbase, Solana, Ethereum, KuCoin, Binance US, and Kraken. Business tools include entity-specific ledgers and closes, double-entry bookkeeping, and QuickBooks journal-entry syncing. Awaken states that it is SOC II compliant, encrypts data in transit and at rest, and uses read-only API keys that cannot move funds.
Syla
Syla is a web-based crypto tax calculator designed by Australian tax professionals. It prepares an ATO Crypto Tax Report PDF for self-lodgment or delivery to a tax agent, while stating that it does not lodge tax returns. Transactions can be imported through API and wallet syncs or by uploading account statements and CSV files. Syla says it supports more than 500 exchange, blockchain, and wallet integrations, including DeFi and NFT activity. The dashboard shows holdings and recent transactions and supports portfolio analysis. AI and fuzzy matching can classify events such as airdrops and chain migrations. The free plan has no time limit and allows imports, edits, and individual transaction tax outcomes, but report downloads require a paid subscription. Paid annual plans are Budget at A$49 a year, Assurance at 129.00 AUD, Tax Saving at 249.00 AUD, and Private Wealth at 399.00 AUD. Account limits range from 200 to 100,000 transactions depending on plan.