Best For
Pros & Cons
Pros
- It is effortless to use
- Generates reliable tax reports only in 20 minutes
- Produces localized tax reports for more than 20 countries
- The free pricing plan supports 10,000 transaction
- Tax filing is handled by professional accountants
- Possess comprehensive integrations
Cons
- It is expensive for high-volume traders
- Sometimes it takes time to sync after connecting with API
Feature Breakdown
| Feature | Rating | Details |
|---|---|---|
| Data Integration | 4.0 | Connects with over 750 exchanges, wallets, and blockchain addresses through APIs, CSV uploads, or manual entries for fast and accurate data import. |
| Tax report generation | 4.0 | Generates compliant tax reports for more than 20 countries and supports multiple cost-basis methods such as FIFO, LIFO, HIFO, and average cost to suit different tax strategies. |
| DeFi and NFT integration | 4.0 | Allows manual input or CSV uploads of DeFi and NFT transactions in one place, helping categorize them and calculate accurate tax implications. |
| Data discrepancy identification | 5.0 | Detects missing or incorrect transactions so users can correct errors and maintain accurate tax records. |
Pricing
You can explore all features for free without a credit card, including viewing up to 10,000 transactions, checking potential tax liabilities, and using tools like the NFT dashboard and tax loss harvesting simulator. The free tier is more generous than competitors such as TokenTax, which requires a paid plan even for basic access. Paid plans start at USD 49 per tax year for up to 100 transactions (Newbie), USD 99 for 1,000 (Hodler), and USD 199 for 10,000 or more (Trader), with the highest tier offering priority support.
Free
Newbie
Hodler
Trader
Alternative Options
TokenTax
Geared toward professional / heavy-trader use with CPA support and full-filing services, but costs more and supports fewer exchanges/wallets than Koinly.
Coinpanda
Simpler UI and more focused on casual users, but has fewer integrations and less robust preview/reporting features compared to Koinly.
Crypto Tax Calculator
Offers a beginner-friendly interface and strong support for many integrations, but may lack as many advanced features (e.g., global tax forms, audit support) as Koinly.
Final Verdict
In conclusion, Koinly is an excellent solution for simplifying the complex process of crypto tax filing with its user-friendly interface and extensive data integration capabilities. It offers flexible tax report generation, supports emerging trends like DeFi and NFTs, and continues to evolve through user feedback and collaborative improvements. The platform’s transparency and public roadmap demonstrate its commitment to adapting within the ever-changing crypto regulatory landscape. Although its pricing may be a concern for users with high transaction volumes, Koinly’s tiered plans suit both casual investors and active traders. Ultimately, casual users can benefit from its free tier, while advanced traders should carefully assess its pricing and features and always consult a tax professional for compliance assurance.
Recommended For
Not Suitable For
Frequently Asked Questions
What cryptocurrencies and exchanges does Koinly support?
Koinly supports thousands of cryptocurrencies and integrates with over 350 exchanges, wallets, and blockchains.
Can Koinly handle DeFi and NFT transactions?
Yes, Koinly supports DeFi activities, NFT transactions, staking, lending, and margin trading.
Is Koinly suitable for users worldwide?
Koinly supports tax reporting for over 20 countries, but users should verify local tax compliance requirements.
Does Koinly provide tax reports compatible with tax authorities?
Yes, Koinly generates tax reports in formats accepted by many tax authorities, including IRS forms for the US.
Is there a free version of Koinly available?
Yes, Koinly offers a free tier that lets users import transactions and generate tax reports for up to 10,000 transactions.