Koinly

Koinly is cryptocurrency tax software with portfolio tracking and transaction imports from exchanges and wallets. It suits investors who need to consolidate activity and prepare tax reports for a supported jurisdiction. Its broad integrations and country coverage are useful, but the paid plans’ transaction caps make it important to match the plan to each tax year’s activity.

Overview

Koinly brings portfolio monitoring and tax preparation together. It tracks holdings, ROI and growth over time, and estimates the potential impact of tax-loss harvesting. Tax reports cover 20+ countries, and the company says it serves users in 140+ countries; the reporting tools are relevant only where Koinly supports the jurisdiction and required format.

Supported jurisdictions include the USA, Canada, Australia, New Zealand, Brazil, Mexico, South Africa, the UK, Germany, France, Spain, Finland, Norway, Sweden, Denmark, the Netherlands, Belgium, Liechtenstein, Luxembourg, Ireland, Switzerland, Iceland, Malta, the Czech Republic, Poland, Estonia, Ukraine, Japan, South Korea, Singapore and India.

Key features

Imports and portfolio tracking

Users can import exchange history by API or CSV and connect blockchain wallets through public addresses. Koinly says it auto-syncs from 1,000+ direct integrations and 7,200+ DeFi protocols, and accepts unlimited CSV imports. That reach can consolidate activity spread across services; it does not, however, remove the transaction allowance tied to a plan.

Portfolio tracking covers holdings, ROI, growth over time and the potential effect of tax-loss harvesting. That makes Koinly useful between filing periods as well as at tax time. On the free tier, capital gains are preview-only rather than delivered as tax reports.

Tax reporting and security

Koinly generates tax reports including US Form 8949 and 1099-DA, and supports formats such as US Schedule D and Schedule 1, the UK HMRC Capital Gains Summary, Sweden’s K4 and Switzerland’s Valuation Repo. DeFi and NFT activity are supported, making the service relevant to investors whose records extend beyond straightforward exchange trades.

Connections use no private keys, and Koinly says API and blockchain keys are encrypted with AES-256-GCM. The service does not require private keys or access to exchange funds. Its site displays SOC 2 Type 2 and ISO 27001 certification badges.

Pricing

Koinly is freemium. Plans are purchased for the tax years needed rather than as subscriptions, so users can pay for the years they intend to report without an ongoing subscription term. Regular accounts support up to 100,000 transactions; additional transactions can be purchased in the app above the top plan limit.

PlanPriceIncludedBest fitFreefree; billed free forever10,000 transactions, unlimited wallets and exchange accounts, portfolio tracking, preview capital gainsTracking and a gains preview, not completed tax reporting.Newbie$49 a year; billed per tax year100 transactions, unlimited wallets and exchanges, portfolio tracking, tax reportsTax reporting for a low-activity year.Hodler$99 a year; billed per tax year1,000 transactions, unlimited wallets and exchanges, portfolio tracking, tax reportsUsers who need reports and have more than 100 but no more than 1,000 transactions.Trader$199 a year; from $1993,000+ transactions, unlimited wallets and exchanges, portfolio tracking, tax reportsHigher-activity users who need a larger allowance.The free plan has the largest stated allowance at 10,000 transactions, but it does not include tax reports. Newbie and Hodler add reports at sharply lower caps of 100 and 1,000; Trader starts at $199 and includes 3,000+ transactions. Users with activity beyond the chosen tier’s allowance may need to buy additional transactions, so the lowest paid price is not necessarily the lowest-cost fit for a busy tax year.

Koinly offers a free trial, though no trial length is given. Android and iOS apps are offered as beta options.

Platforms

Koinly is available on web, Android and iOS. The mobile apps are beta options, so readers who want to make mobile use central to their workflow should account for that status.

Who it's for

Koinly is a strong fit for cryptocurrency investors who use multiple exchanges or wallets, need tax reports in one of its supported jurisdictions, or have DeFi and NFT transactions to include. The unlimited wallet and exchange connections help users consolidate accounts, while the tax-year purchasing model avoids a recurring subscription.

It is less suitable for someone who wants completed tax reports without paying, or whose transaction count exceeds a lower paid tier and makes the next allowance poor value. Before buying, estimate the transactions for each tax year and confirm that Koinly supports the jurisdiction and report format needed.

Pros and cons

Broad transaction coverage: API and CSV imports, public-address wallet connections, and stated support for 1,000+ integrations and 7,200+ DeFi protocols can bring activity from many sources together.

Useful beyond tax season: Holdings, ROI, growth and tax-loss-harvesting impact give portfolio tracking a role throughout the year.

Tax-year purchases, not subscriptions: Paying for the years needed suits users who want reports without an ongoing subscription.

Free reporting is limited: The free tier includes tracking and a gains preview, but not tax reports.

Paid caps require care: Newbie includes 100 transactions and Hodler 1,000, so users with more activity may need a higher tier or additional transactions.

Alternatives

Browse crypto tax software to compare other services. Blockpit is another freemium option with Android, iOS and web support; its free plan focuses on portfolio tracking, while a Source-of-Funds report is sold for €19.99, paid once.

CoinTracking offers a free portfolio-view plan with a 7-day trial featuring unlimited imports and no credit card; consider it if that trial structure suits your evaluation. Coinpanda has a free plan capped at 25 transactions per tax year and a $79 a year Hodler plan with 100 transactions, so it may suit someone whose yearly activity fits that allowance.

Divly is a web-based freemium alternative whose free plan supports portfolio tracking up to 25,000 transactions. rotki is an alternative for readers who want Linux, macOS, Windows or self-hosted availability; its free plan includes 1,000 recent events and 10 user notes.

Waltio offers web and iOS access, with a free plan for portfolio tracking and manual P&L. Bitcoin.Tax has a web-based free plan for up to 20 trading transactions and a $59.95, paid once Premium plan for up to 1,000; it may be a better fit when that transaction range matches the need.

Awaken Tax is another crypto-tax alternative.

Verdict

Choose Koinly if you need to combine activity across exchanges, wallets and DeFi or NFT services, then prepare tax reports for a supported jurisdiction without committing to a subscription. Its breadth of imports and portfolio tools are compelling; the main reason to look elsewhere is the need for a higher transaction allowance at a predictable lower price, or reporting outside its supported jurisdictions and formats.