CoinLedger vs Koinly

CoinLedger is a web service for tracking cryptocurrency portfolios and preparing tax reports. Portfolio tracking is free, and the service supports historical data for more than 20,000 cryptocurrencies. Users can import records through read-only exchange APIs, CSV or custom CSV files, and public wallet addresses; CoinLedger lists more than 1,000 integrations for wallets, exchanges, blockchains, and DeFi platforms. Tax calculations include FIFO, LIFO, HIFO, and Adjusted Cost methods. Reports include IRS Form 8949, income, capital gains, and audit trails, and the service supports importing capital gains and losses into TurboTax, TaxACT, H&R Block Desktop, and TaxSlayer. DeFi and NFT activity are supported. Listed jurisdictions include the United States, Australia, Canada, New Zealand, Germany, Japan, Ireland, and Austria. The Hobbyist plan is $49 as a one-time purchase for up to 100 transactions; Investor is $99, paid once for up to 1,000 transactions, and Pro is $199, paid once for 3,000+ transactions. Done For You engagements start at $3,500. CoinLedger says signup needs only a valid email address and that it does not report users' tax information to the IRS.

Koinly calculates cryptocurrency taxes and helps users prepare tax reports. It imports exchange history through APIs or CSV files and connects blockchain wallets using public addresses; private keys are not required. Koinly says it auto-syncs from 1,000+ direct integrations and 7,200+ DeFi protocols, with unlimited CSV imports. It supports DeFi and NFT transactions, displays holdings, return on investment, and growth over time, and can show the potential impact of tax-loss harvesting. Reports include US Form 8949 and are available for 20+ countries. The free plan includes portfolio tracking and a preview of capital gains. Paid plans are purchased for specific tax years rather than as subscriptions: Newbie costs $49 a year per tax year, Hodler $99 a year per tax year, and Trader from $199 a year per tax year. Regular accounts support up to 100,000 transactions, with additional transactions purchasable in the app above the top-plan limit. Koinly lists web, Android, and iOS, with mobile apps identified as beta options.