Software Alternatives, Accelerators & Startups

Algo VS ZenLedger

Compare Algo VS ZenLedger and see what are their differences

Algo logo Algo

Videos that speak with APIs.

ZenLedger logo ZenLedger

Automated IRS tax calculation & forms for crypto investors
  • Algo Landing page
    Landing page //
    2023-09-20
  • ZenLedger Landing page
    Landing page //
    2023-09-20

Track your crypto taxes like a pro. Know what you might pay in advance. Gain peace of mind! ZenLedger enables you to import transactions, calculate gains and income, and see your potential taxes as you go through the year. Gain peace of mind knowing the tax implications of your trades and holdings. Auto-fill IRS forms 8949, Schedule D, FinCen114 & FBAR.


ZenLedger helps cryptocurrency investors in any country with their tax prep and portfolio management. We create a master ledger for you and your CPA.

GET STARTED FOR FREE: https://app.zenledger.io/get_started

Algo

Website
illo.tv
$ Details
-
Platforms
-
Release Date
-

ZenLedger

$ Details
freemium $69.0 / Annually ("Hobbyist", "Up to 100 Transactions", "Up to $15K asset value")
Platforms
Browser Web Internet Explorer Google Chrome
Release Date
2017 January

Algo features and specs

  • User-Friendly Interface
    Algo by Illo has a clean and intuitive user interface that makes navigation easy for users of all skill levels.
  • High-Quality Visuals
    The platform delivers high-quality animations and visuals, allowing users to create professional-looking content.
  • Strong Community Support
    Algo benefits from a strong community that provides support, tutorials, and inspiration for users.
  • Versatile Use Cases
    The tool is versatile, suitable for projects ranging from education to marketing, allowing wide applicability.

Possible disadvantages of Algo

  • Limited Customization Options
    Some users may find the customization options limited compared to more advanced animation software.
  • Subscription Costs
    Access to all features requires a subscription, which could be a barrier for those with limited budgets.
  • Learning Curve for Beginners
    Despite its user-friendly interface, beginners may still face a learning curve when mastering all features.
  • Dependency on Internet Connection
    Being an online platform, Algo requires a stable internet connection, which might not be accessible for everyone at all times.

ZenLedger features and specs

  • Comprehensive Integration
    ZenLedger supports a wide range of cryptocurrency exchanges and wallets, allowing users to easily import and track their crypto transactions.
  • User-Friendly Interface
    The platform offers an intuitive interface making it accessible for both novice and experienced users to navigate and manage their crypto taxes efficiently.
  • Tax Report Generation
    ZenLedger automatically generates various tax documents, such as capital gains reports and income statements, which simplify the tax filing process for users.
  • Customer Support
    Users have access to robust customer support, including helpful resources and a responsive team to assist with issues or questions.
  • Data Security
    ZenLedger emphasizes data security, ensuring that user data is encrypted and protected with industry-standard security measures.

Possible disadvantages of ZenLedger

  • Pricing
    ZenLedger's pricing plans can be relatively expensive for users with a high volume of transactions, potentially making it less accessible for small investors.
  • Learning Curve
    Despite its user-friendly design, there can still be a learning curve for users unfamiliar with tax software or cryptocurrency bookkeeping.
  • Feature Limitations
    Some advanced features and detailed reporting tools may be limited to higher-tier plans, possibly restricting access for users on basic plans.
  • Transaction Limit
    Certain pricing plans may restrict the number of transactions that can be processed, which might require users exceeding those limits to pay for a higher-tier plan.
  • Occasional Bugs
    Users have reported occasional bugs and glitches in the software, which can affect the overall experience and functionality of the platform.

Algo videos

Algo Trading Software Review : Quantacula

More videos:

  • Review - I tried AlgoExpert... is it worth it?
  • Review - Using ONLY Lux Algo to make a trade! (LIVE TRADE)

ZenLedger videos

HOW TO PAY CRYPTO TAXES USING ZENLEDGER

More videos:

  • Review - Crypto Taxes: Easy Cryptocurrency Tax Prep with ZenLedger!
  • Tutorial - How to use ZenLedger.io crypto tax tool

Category Popularity

0-100% (relative to Algo and ZenLedger)
Crypto
29 29%
71% 71
Fintech
0 0%
100% 100
Cryptocurrencies
25 25%
75% 75
Cryptocurrency Investment

User comments

Share your experience with using Algo and ZenLedger. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Algo and ZenLedger

Algo Reviews

6 open source tools for making your own VPN
Algo supports only the IKEv2 protocol and Wireguard. Because IKEv2 support is built into most devices these days, it doesn’t require a client app like OpenVPN. Algo can be deployed using Ansible on Ubuntu (the preferred option), Windows, RedHat, CentOS, and FreeBSD. Setup is automated using Ansible, which configures the server based on your answers to a short set of...
Source: opensource.com

ZenLedger Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
Many people often vouch for ZenLedger as one of the fastest and friendliest tax tools for cryptocurrency traders, investors, and accountants. The website is well-known for its broad coverage, multiple currency/exchange support, IRS friendly integrations, and multiple payment plans. A unique aspect about ZenLedger is its personalized tax service, as the platform facilitates...
Source: blockonomi.com
14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
It’s compatible with HIFO, LIFO & FIFO reporting methods. You can have unlimited exchange platforms with ZenLedger. In addition, it lets you report a variety of crypto income, including DeFi, NFTs, staking, donations, mining, etc.
Source: geekflare.com
15 Best Koinly Alternatives 2022
ZenLedger is a crypto tax tool that can work perfectly in the place of Koinly. ZenLedger saves you the unsettling stress of calculating crypto taxes for thousands of transactions in three simple ways.

Social recommendations and mentions

Based on our record, ZenLedger should be more popular than Algo. It has been mentiond 5 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Algo mentions (1)

ZenLedger mentions (5)

  • If you are mining as a company (LLC in my case) How are you guys/gals paying yourself from your mining profits? I want to just send to my Coinbase and cash some tendies.
    I have an exchange account for both the business and personal. I keep both accounts separate, which is a little annoying. All coins are mined into software wallets that I move weekly to the exchange. (This is to avoid burning up hardware wallets that don't like complex transactions). I also use two zenledger.io accounts (one for each business and personal) to track taxes/mining/sales/etc... Currently selling a... Source: about 3 years ago
  • ZenLedger For Taxes
    Anyone used https://zenledger.io for tax reporting? Started using it yesterday - it was recommended by Bankless. Looks great so far. Source: about 3 years ago
  • Hey guys, question about return %
    You'll need to import your data into something like zenledger.io to see your gains/loses. Or else you'll have to keep track of it with a spreadsheet. Source: over 3 years ago
  • I made a mistake and didn’t realize the seriousness of tax. Any help would be appreciated.
    Look for a service where you can sync your wallets and generate the forms and transaction lists. not sure if these handle your wallet(s) but koinly.io and zenledger.io are a couple of them. Source: over 3 years ago
  • Crypto tax software recommendation
    We always recommend bitcoin.tax or zenledger.io. However, no software (to my knowledge) will properly report income like staking rewards automatically--you have to mark those transactions as income yourself. They don't always play nice with wallets, either. Source: almost 4 years ago

What are some alternatives?

When comparing Algo and ZenLedger, you can also consider the following products

Makara Crypto Baskets - Makara is the first US-regulated cryptocurrency robo-advisor offering crypto investment services in the United States.

Koinly - Koinly is the easiest way to monitor your crypto activity & file your taxes.

CoinBundle - Invest in crypto portfolios with one click and zero fees

TokenTax - Crypto taxes made easy. TurboTax for cryptocurrency.

CryptoETF - A tool to automatically rebalance your crypto portfolio

TaxBit - TaxBit is an advanced intelligence-based platform that allows getting the detailed overview of tax reports by interacting with digital cryptocurrency rates like Bitcoin, Ethereum, BlockFi, Coinbase, Gemini, and many more with easy-to-use exchanging …