Defitax vs Summ

Defitax is a web tool for preparing cryptocurrency transaction data for tax reporting. It calculates cost basis and gains or losses, then produces tax documents. The service is aimed at DeFi traders using liquidity pools, bonding curves, prediction markets, perpetual futures and related activities. It lists support for Bitcoin, Solana, Ethereum, TRON, Base, BNB Chain, Polygon and Arbitrum, with imports from Binance, Coinbase, Kraken, Bybit, OKX, Hyperliquid, MEXC, Orderly, CoinSpot and generic CSV files. Tracking covers Hyperliquid perpetuals, prediction markets, launch platforms, liquidity-pool yields, Jupiter DCA and perpetual positions, bridges and NFTs. Cost-basis choices are FIFO, LIFO, HIFO and Specific ID, applied universally or per wallet. The free plan allows up to 500 transactions and provides a dashboard but no report export. Unlimited costs $199 a year and adds exports, tax forms, multi-jurisdiction support and the AI Tax Agent.

Summ is a web service for identifying, organizing, and tracking cryptocurrency activity while preparing tax reports. It combines portfolio value, profit and loss, and tax liability in one place. Reports include summaries, capital gains, income, expenses, audits, and nine other detailed formats, with settings that can be customized for local tax rules. Summ describes a Least Tax First Out method that selects the asset lot with the highest cost basis when a disposal occurs. The service lists more than 3,500 integrations across exchanges, DeFi services, protocols, and wallets, with custom CSV upload when an integration is unavailable. DeFi and NFT support are included. Signup provides transaction importing, smart suggestions, automatic categorization, portfolio tracking, and DeFi and NFT features free; reports and some tools require a paid plan. Summ supports up to one million transactions and offers custom solutions for high-volume traders. It is web-only and headquartered in Sydney, Australia.