Koinly vs Summ
Koinly
koinly.ioSumm
summ.comSide by side
| Figure | Koinly | Summ |
|---|---|---|
| Price from | $4.08/mo | $4.08/mo |
| Free plan | Yes | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| Plans published | 4 | 4 |
| Spec score · Crypto Tax Software | 8.2 (#9) | 7.7 (#13) |
| Company | Koinly says it was founded in 2019 and serves users in 140+ countries. | Summ was co-founded by Shane and Tim Brunette in 2018 and is headquartered in Sydney, Australia. |
| Founded | 2019 | 2018 |
| Integrations | Koinly states that it auto-syncs from 1,000+ direct integrations and 7,200+ DeFi protocols and supports unlimited CSV imports. | Summ lists support for over 3,500 integrations across exchanges, DeFi, protocols, and wallets. |
| Purpose | Koinly calculates cryptocurrency taxes and helps users prepare tax reports. | Summ helps identify, track, and organize crypto activity and generate tax reports. |
| Security | Koinly says API and blockchain keys are encrypted with AES-256-GCM and that it does not require private keys or access to exchange funds. | Summ states it is SOC 2 Type 2 certified and that its application requires read-only access to user data. |
Plans
In their own words
Koinly
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.
Summ
Summ is a web service for identifying, organizing, and tracking cryptocurrency activity while preparing tax reports. It combines portfolio value, profit and loss, and tax liability in one place. Reports include summaries, capital gains, income, expenses, audits, and nine other detailed formats, with settings that can be customized for local tax rules. Summ describes a Least Tax First Out method that selects the asset lot with the highest cost basis when a disposal occurs. The service lists more than 3,500 integrations across exchanges, DeFi services, protocols, and wallets, with custom CSV upload when an integration is unavailable. DeFi and NFT support are included. Signup provides transaction importing, smart suggestions, automatic categorization, portfolio tracking, and DeFi and NFT features free; reports and some tools require a paid plan. Summ supports up to one million transactions and offers custom solutions for high-volume traders. It is web-only and headquartered in Sydney, Australia.