Accountants get more done with Cryptoworth

Bitwave is a software platform designed for crypto accounting, assisting businesses in managing digital assets, tracking transactions, and handling tax reporting. As the self-proclaimed “#1 enterprise digital asset accounting platform,” Bitwave aims to cater to large organizations, but its pricing often reflects this ambitious market positioning more than the actual product offering.

In contrast, Cryptoworth not only supports over 190 blockchains but also provides more advanced automation and customizable reporting features, offering a superior and cost-effective solution for accounting professionals.

Bitwave is used to manage multi-entity and multi-currency crypto transactions, offering tools like fair value accounting, ERP synchronization, and customizable tax strategies. However, the platform has significant drawbacks, such as inaccuracies in DeFi and NFT accounting, a complex interface that often requires paid support, and high, opaque pricing with additional costs for essential features. There has been also reports on slow integration times and an outdated UI according to G2.com user reviews.

In contrast, Cryptoworth offers a more reliable, user-friendly experience with transparent pricing, faster integrations, and accurate data across all supported blockchains, making it a superior choice for crypto accounting.

Bitwave is marketed as a top-tier solution for enterprise crypto accounting, offering table-stake features to the rest of the crypto accounting software space. However, its high pricing, including costly implementation fees, and reliance on paid support for essential functions have left some users dissatisfied.

According to user reviews and comparisons found in G2.com, Cryptoworth provides a more compelling alternative with its transparent pricing, robust feature set, and faster, more accurate integrations, making it a better fit for businesses seeking efficiency and reliability​

Cryptoworth supports an extensive and ever-growing list of over 1000 data connections, making it a robust platform for crypto data integrations and applications.
This comprehensive support includes:
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• 190+ Blockchain Networks: Enabling users to connect with a wide variety of blockchain ecosystems for seamless transaction tracking and management.
• Exchanges: Integration with numerous cryptocurrency exchanges, facilitating easy access to transaction data and portfolio management.
• Custodians: Support for various custodian services, ensuring secure management and tracking of digital assets stored with third parties.
• Accounting Systems: Compatibility with mainstream accounting systems, allowing for streamlined financial reporting and reconciliation.
• AR/AP (Accounts Receivable/Accounts Payable): Tools to manage and reconcile receivables and payables in cryptocurrency, enhancing financial operations efficiency.

Cryptoworth's dedication to offering a broad spectrum of integrations is crucial for businesses and individuals looking to navigate the complex world of digital asset transactions effectively. Cryptoworth ensures that users have the tools they need to manage their financial data accurately and efficiently, underlining the importance of such comprehensive integration support in the dynamic blockchain landscape.

Contact us to enable a new integration. It can take up to 3 days*.

Yes, you can connect Cryptoworth to other accounting software like QuickBooks, Netsuite, Xero, and Sage. Cryptoworth facilitates this integration through APIs, allowing for seamless synchronization of your crypto financial data with your general ledger.

This feature significantly reduces manual work and streamlines the accounting and reporting process for cryptocurrencies and digital assets, making it easier to generate CSV and PDF reports or connect to an ERP solution.

Cryptoworth's support for major ERPs simplifies complex accounting tasks, ensuring efficient and accurate financial management of digital assets.