Koinly Review – Can You Trust This Crypto Tax Platform?

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By Austin DeNoce

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Koinly Review

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Koinly Review

  • Integrations
  • Features
  • Learning Resources
  • Pricing


Koinly is a cryptocurrency tax calculator that works with more than 400 exchanges, 100 wallets, and 170 blockchains. This platform is designed for use by businesses, accountants, and retail investors and includes data importing capabilities, portfolio tracking capabilities, integrations, and the ability to create a number of automatic tax reports. Koinly also offers a number of tax resources for CPAs and ordinary investors. Read our full Koinly review to learn more about this cryptocurrency tax platform.


  • Free plan
  • Cross-exchange portfolio tracking
  • Tons of learning resources
  • Affordable paid plans


  • No NFT tax reports
  • No Ethereum gas tax reports
  • No tax loss harvesting tax reports

About Koinly

Koinly is a crypto tax calculator for businesses, accountants, and retail investors that supports 400+ exchanges, 100+ wallets, and 170+ blockchains.

Koinly’s services are available in over 20 countries, support integrations with TurboTax, TaxAct, and H&R, and include a free crypto tax report preview.

Koinly Tax Report

If you want to learn all about Koinly’s services and whether or not they’re right for you, stick around for this in-depth Koinly review.

Koinly Integrations

As alluded to, Koinly supports a seemingly endless list of integrations. 

Koinly Integrations

In terms of crypto exchanges, just about every exchange, from well-known names like Coinbase to lesser-known ones like Mercatox, are all supported.

As for wallets, MetaMask, Exodus, Trust Wallet, and countless others are all supported, which will likely help those more involved in the world of DeFi.

In addition to wallets and exchanges, Koinly supports over 6,000 cryptocurrencies via CSV import and manual entry from blockchains like Ethereum, EOS, Zcash, Tron, Cardano, and dozens more.

Koinly Crypto Tax Software Features

Koinly has four main features it provides through its crypto tax software: portfolio tracking, data importing, complete tax reports, and error reconciliation.

Portfolio Tracking

With Koinly’s portfolio tracking tools, not only can you can view your total holdings and portfolio growth over time across all your wallets and accounts, but you can also view all your tax liabilities.

Koinly Portfolio Tracking

You’ll even see your ROI, dollar amount invested in each coin, profit/loss numbers, capital gains, and an income overview of your mining, staking, lending, and other crypto income.

Data Importing

Through Koinly’s data importing capabilities, you can easily sync all your trading data to get a complete picture of all your trading activity.

Koinly Data Importing

Koinly supports automated data importing for exchanges via APIs, BTC wallet imports via x/y/zpub keys, and ETH tokens via your public address.

In addition to spot transactions, Koinly supports margin and futures trading data for all its supported exchanges.

Koinly also uses AI to detect transfers within your wallets to exclude them from tax reports with what they call “Smart transfer matching.”

Crypto Tax Reports

As would be expected for any crypto tax software, Koinly generates several automatic tax reports.

Koinly Tax Reports

Some of the tax reports it can generate include transaction history, capital gains report, income tax report, expenses report, end-of-year holdings report, a complete tax report, and much more.

If you are filing in the US, Koinly can also generate filled-in IRS forms, such as Form 8949 and Schedule D.

Koinly also lets you easily export your transactions to other tax software like TurboTax, TaxAct, and H&R, or download tax reports if you desire.

Error Reconciliation

The last important feature to discuss is Koinly’s toolset for helping you identify any problems with your transactions to fix them.

Koinly Error Reconciliation

Koinly uses a double-entry ledger system, so every change in your asset balance is backed by a liability entry somewhere else to easily resolve debugging issues.

Koinly also highlights errors due to incorrectly imported or missing transactions that result in your balances going below zero, and it automatically checks your wallets to ensure all data has been imported correctly.

This automation process will even skip over duplicate transactions, so you don’t have to keep track of what you have or have not already imported.


In addition to its more traditional tax services, Koinly has several tax resources to help retail investors and accountants.

Koinly Resources

On the retail side, Koinly has guides for international tax reports and even has a bitcoin-specific tax guide to walk users through everything they need to know about their unique tax situation.

Aside from its guides on international tax reports, Koinly also has general articles on localized tax reports, tax news, how to lower your taxes, what constitutes a taxable event, the best crypto wallets, and plenty more.

On the accountant side, Koinly has articles on how to attract crypto investor clients, a crypto glossary for accountants, and even accountant crypto tax guides for each country it supports.

All in all, even if you don’t use Koinly’s services, utilizing its resources to learn more about crypto taxes and how to navigate the evolving space is highly recommended.

Koinly Pricing

Koinly has four plans ranging from $0 to $179 per tax year.

Koinly Pricing

The FREE Plan

  • 10,000 transactions
  • Unlimited wallets and exchange accounts
  • Portfolio tracking
  • Capital gains summary
  • Defi, Margin trades, Futures
  • FIFO, LIFO, Average Cost & more
  • Wallet-based cost tracking (Spec ID)
  • Avalanche trades

The NEWBIE Plan ($49 per tax year)

  • Everything in the FREE plan but with 100 transactions
  • All the crypto tax reports
  • Smart transfer matching
  • Mining, Staking, Lending, Forks
  • Exchange & transaction fee tracking
  • 6000+ cryptocurrencies
  • 6+ years of historical spot prices
  • Data importing
  • Error reconciliation

The HODLER Plan ($99 per tax year)

  • Everything in the NEWBIE plan but with 1,000 transactions
  • Custom file importing
  • Cost analysis

The TRADER Plan ($179 per tax year)

  • Everything in the HODLER plan but with 10,000+ transactions
  • Customer support via email

How Koinly Compares to Competitors

The services one would likely want to compare to Koinly are TokenTax and TaxBit, as they are both very similar crypto tax services.

TokenTax has a lot more features like average cost basis calculation, Ethereum gas fee reports, DeFi and NFT support, a tax loss harvesting dashboard, and a number of other things, but it doesn’t offer a free account.

If those specific features speak to you, it might be worth looking into, but for most intents and purposes, Koinly and its free plan will be fine for the average crypto investor.

As for TaxBit, there is a free plan to rival Koinly’s that doesn’t include quite as many features, but it does have a DeFi and NFT tax engine, so it might be better for anyone largely involved in NFTs or the underground cryptoverse.

When it comes to TaxBit’s paid plans, however, it is closer to TokenTax in that it offers some more advanced features like tax loss harvesting functions, so individuals with more advanced tax needs might want to explore it as an alternative.

In summary, Koinly is probably one of the better free crypto tax services available, and its paid services are very respectable and affordable, but it lacks many of the advanced features other platforms have.

Most investors probably won’t need most of those features or unique tax forms, but they’re still worth considering and weighing against your specific tax needs.

Conclusion: Koinly Review 

After carefully walking through all of its services for this Koinly review, we believe Koinly is an excellent crypto tax service for the average crypto investor.

Most people involved in the world of crypto don’t need many of the bells and whistles found on other platforms or within the more expensive plans, so Koinly will be an excellent choice for anyone looking for a simple solution to their crypto taxes.

In addition to Koinly’s retail appeal, its services and near dual focus on crypto accountants distinguishes it from other crypto tax platforms. 

Couple that with the tax resources it provides, and it stands as a one-stop shop for crypto tax services and knowledge.

In conclusion, retail investors (and perhaps even accountants) will find Koinly to be one of the best crypto tax platforms out there, but businesses with more advanced/niche tax needs might want to consider other crypto tax software.

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Austin DeNoce

Austin DeNoce is a writer, personal investor, and entrepreneur who is focused on trading and investing education for macro, crypto, equities, derivatives, and foreign exchange traders. He graduated from the University of California, Santa Barbara with a bachelor’s in philosophy and carries a deep passion for a first-principles approach to investing and education therein. Austin specializes in topics related to cryptocurrencies and blockchain technology.

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