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90K+ Crypto Transactions Reconciled

Transforming 90K+ Crypto Transactions Into a Complete, Reconciled Tax Dataset

  • 90K+ Transactions
  • 24 Exchanges & Wallets
  • Individual Crypto Trader
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How Bitcounts Reconciled 90K+ Transactions Across a Complex Crypto Portfolio

A high-volume crypto trader had accumulated more than 93,531 cryptocurrency transactions across multiple exchanges and wallets. The volume and complexity of the activity made it difficult to establish a complete transaction history, accurately match transfers, and ensure that the resulting tax data reflected the trader's actual activity.

Bitcounts performed a comprehensive crypto reconciliation, consolidating transaction data, identifying and matching transfers, reviewing transaction classifications, and addressing discrepancies in the underlying records. The result was a structured and reconciled dataset ready for crypto tax reporting.

The Challenge

  • More than 90,000 cryptocurrency transactions requiring review and reconciliation
  • Transaction activity spread across multiple exchanges and self-custody wallets
  • Large volume of transfers requiring accurate wallet-to-wallet and exchange-to-wallet matching
  • Complex transaction history requiring classification and review
  • Incomplete or inconsistent transaction records across different data sources
  • Need for accurate cost-basis and gain/loss reporting
  • Manual review required for transactions that could not be automatically matched

Our Solution

  • Consolidated transaction data from all available exchanges and wallets
  • Imported and reviewed transaction records using CoinTracking crypto accounting and tax software
  • Matched internal transfers between wallets and exchanges to prevent incorrect taxable events
  • Identified missing, duplicated, or inconsistent transaction records
  • Reviewed and classified transactions based on their underlying economic activity
  • Investigated transactions requiring manual reconciliation and blockchain-level review
  • Reviewed acquisition data and cost basis for reportable transactions
  • Prepared a clean, reconciled transaction dataset for tax reporting

The Results

  • 90K+ transactions systematically reviewed and reconciled
  • Multiple exchanges and wallets consolidated into a unified transaction history
  • Internal transfers identified and matched to improve transaction accuracy
  • Previously unresolved transactions identified for further review and classification
  • Reconciled data prepared for accurate crypto tax reporting
  • A structured transaction history that can be used as a reliable foundation for future tax years

Implementation Process

Our reconciliation process was structured into three key phases:

Phase 1: Data Collection & Portfolio Mapping

  • Collected transaction data from all relevant exchanges and wallets
  • Identified the accounts, wallets, and data sources included in the engagement
  • Reviewed the available transaction history and reporting periods
  • Established a consolidated view of the client's crypto activity
  • Identified gaps and potential data-quality issues requiring further investigation

Phase 2: Transaction Reconciliation

  • Imported transaction data into the appropriate reconciliation platform
  • Matched transfers between exchanges and wallets
  • Identified duplicate and missing transactions
  • Investigated transactions with incomplete information
  • Reviewed transaction classifications
  • Reconciled balances against available exchange and blockchain records
  • Performed manual review of complex or unresolved transactions

Phase 3: Tax Reporting & Final Review

  • Reviewed the reconciled transaction history
  • Verified cost basis and acquisition information where applicable
  • Reviewed realized gains and losses
  • Identified remaining items requiring client clarification
  • Finalized the reconciled dataset
  • Prepared tax-reporting outputs and supporting workpapers

The Bitcounts Difference

High-volume crypto activity requires more than simply importing transactions into a tax software platform. At 93,531 transactions, even small data-quality issues can propagate throughout the transaction history and materially affect the final tax reports.

Bitcounts combines crypto tax software with transaction-level reconciliation, blockchain analysis, transfer matching, and manual review to turn fragmented digital-asset data into a structured and reliable accounting record.

Have a high-volume or complex crypto portfolio that needs to be reconciled?

Talk to Bitcounts about your crypto accounting and reconciliation needs.

Quantifiable Impact

90K+

Crypto transactions reconciled

24

Exchanges & wallets consolidated

7 years

Reporting periods covered
Client Testimonials

"Bitcounts is great! I had multiple years of taxes that needed reconciliation. Yogesh was able to efficiently analyze all my past transactions and calculate a cost basis and gains and losses for my past history. Jyoti expertly prepared any past tax returns that needed to be amended, as well as my current year of taxes. Both Yogesh and Jyoti do an excellent job of answering any questions you may have and help guide you through the process. I highly recommend Bitcounts for their high quality outstanding service!"

Andrew Jordan