Koinly Review 2026: All-in-One Crypto Tax Software Solution

Keeping track of your tax obligations seems to be constantly growing more complicated, especially if you add cryptocurrencies to the mix.

Suddenly, there’s more work to be done on calculating what you owe to the IRS than finding crypto investment opportunities or making trades.

Thankfully, there are software solutions that can make your life easier and save you time with tax reports. 

One such platform is Koinly, and we are here to provide you all the information you need to know before deciding if it’s the right tool for your tax needs.  

Koinly is a company founded in 2018 by a team of cryptocurrency investors. It’s one of the first companies in the industry to create a comprehensive solution that covers various transactions, transfers, investments, and fees and produces comprehensive reports. 

It supports some of the widely used exchange accounts and wallets and has plenty of features that both experienced and new investors will appreciate. 

Key Features

Koinly has been developed with individual users in mind, but this doesn’t mean it doesn’t have a use case for businesses or accounting firms.

Tax Report Integrations 

It’s important to mention that Koinly integrates with multiple exchanges, wallets, blockchains, and services. It syncs data without compromising the security of your accounts or requiring you to enter private keys.

The integrations include more than 390 exchanges, such as Coinbase, Binance, Crypto.com, Bittrex, Kraken, Poloniex, and Bitstamp. If you are using any of the high-profile crypto exchanges, chances are it’s supported by Koinly.

All wallets we recommend for storing and using Bitcoin are supported by Koinly. Furthermore, the platform for tax reports differentiates between wallets you own and incoming transactions and investments.

Therefore, any transfers between addresses you own don’t count towards calculations of your taxes. 

Anyone aware of projects such as Ethereum knows there are many other cryptocurrencies powered by the platform in question.

Koinly supports ERC-20 tokens and integrates more than 50,000 cryptos in its calculations. With Ethereum’s shift towards proof of stake, many investors may find it an interesting opportunity. 

Portfolio Tracker

Koinly can also be used as a crypto portfolio tracker. Since you’ll likely integrate all your wallets and exchange platforms to get the most out of the software, you will have complete insight into your portfolio.

Tax Reports

Koinly will inform you of your exact return on investment, comparing it with the fiat currency you’ve used to buy your coins and tokens. The app can track: 

• Gains and losses in real-time
• DeFi
• NFTs
• Futures
• Margin and futures trading
• Historical prices
• Airdrops
• Forks
• Mining and staking

Since you can integrate wallets and exchanges, Koinly can also show you how much of your crypto asset is distributed on exchanges and in the fiat currency of your choice.

You have an excellent overview of all your transactions and can filter them out or track specific ones. 

With Koinly’s tracking system, you can accurately track your income from staking, mining, or earning from other crypto income sources such as lending or providing liquidity. 

One of the app's key features is a straightforward method of preparing your tax documentation. You can generate a filled-out Form 8949, but tax software isn’t limited exclusively to the US. 

Paid plans also include Schedule D, international tax reports, TurboTax and TaxACT exports, and a comprehensive audit report.

Supported Countries

Besides the US, Koinly can calculate taxes for the UK, Canada, Australia, New Zealand, France, Germany, and many other countries. Officially, it can make international tax reports for more than 100 countries.

Additional accountancy methods that the platform supports are: 

• Highest In First Out (HIFO)
• Average Cost Basis
• First In First Out (FIFO)
• Last In First Out (LIFO)

How Koinly Works

Using the app is straightforward. After filling out the required information or simply signing up with a Coinbase or Google account, you are prompted to import all your accounts and wallets holding cryptocurrencies. 

Searching for the appropriate platform can be done quickly by using the search bar at the top, and you can filter results by categories such as exchanges, wallets, blockchain, and services. 

For example, if you want to track ETH you are holding at MyEtherWallet, you have the option to import transactions from a CSV file, API integration, or set up auto-sync.

Most users won’t have issues importing data from a file, as the app provides detailed instructions. However, the easiest method is simply adding your public address. 

You can then choose a point in time from when to import transaction history in case you’ve already settled your tax obligations for the year before. 

Koinly will show you an overview of all your wallets and exchanges. From there, you can search, sort, delete and add other sources.

As previously mentioned, if you review the dashboard, you’ll be able to keep track of received and sent transactions, gains, and losses. The app also shows you the balance of each individual asset and the balance of all assets.

You can also track individual transactions for a more in-depth review. 

Generating a tax report is as easy as clicking a button. Before you proceed, you will be able to examine what Koinly has found from your assets:

• Capital gains tax on profits and losses
• Gains from sources such as futures and derivatives
• Income from airdrops, forks, and loan interests
• Deductibles such as costs and expenses
• Lost assets, gifts, and donations.

However, to take the best advantage of having complete tax reports, you’ll need to have a paid version. 

Pricing

Koinly has five subscriptions available: Free, Newbie, Hodler, Trader, and Pro, which has two different options for the number of transactions it can process.

Free

The Free plan has all the features that paid plans have, with the significant difference of not being able to fill out and print tax reports. It also lacks the cost analysis feature, custom file import, and live chat support.

At the same time, it still includes portfolio tracking, capital gains previews, tax optimization tools, CSV import, API sync, and email support.

Newbie and Hodler

Newbie and Hodler subscriptions cost $49 and $99 per tax year, respectively. The main difference is that the Newbie plan can be used just for 100 transactions. The tier ironically named Hodler can process up to 1,000 transactions for an annual tax report.

Both plans also include Form 8949, TurboTax export, international tax reports, a comprehensive audit report, email support, and chat support.

Trader & Pro Plans

The Trader plan is best-suited to prolific traders, as it costs $199 per tax year, and allows for up to 3,000 or more transactions. 

The Pro plan is for users with more than 10,000 transactions. It costs $299, and unlike other plans, it can be customized. For every 1,000 transactions over the cap, you can pay an additional $10 to include them as well.

Payment Methods

Koinly accepts credit or debit card payments, which are processed through Stripe, or you can pay via a number of cryptocurrencies, including Bitcoin, Ethereum, USDC and others. All payments are processed through Coinbase Commerce.

Additional Options

Besides regular offers on the website, there are some additional options you can enable according to your preference.

If you want Koinly to check daily and automatically update your transactions, additional syncing and transaction add-ons are available for users who need more coverage than the standard plan includes.

If you hold dual citizenship, you must file taxes in both countries, and Koinly recognizes that many of their users are expats.

Koinly also offers support for additional reporting needs, including extra transaction volume for high-activity users.

Koinly certainly isn’t the only platform finding its place among many tools used by crypto investors. It’s quite popular, though, since both individual users and professionals like accountants can use it.

But how does it stack up compared to the competition? We’ve compared it to some of the most popular alternatives listed among our recommended crypto tax solutions. 

Koinly vs. CoinTracker

CoinTracker is primarily a portfolio tracker with features that can turn it into a potential money saver for you. The app will point out if you have tax-loss harvesting opportunities and stay compliant.

Both Koinly and CoinTracker have plenty of integration options. Koinly keeps the edge for users who want broader wallet and exchange coverage together with more flexible international tax reporting.

Neither platform limits the number of exchanges and wallets you can use. We found that CoinTracker supports fewer wallets than Koinly.

Customer reviews on Trustpilot are much more positive than for CoinTracker. Koinly continues to hold a strong Trustpilot presence, though the score is no longer the same as the one cited in older versions of this review.

Some users complain that CoinTracker can’t track NFTs or accurately represent their price. Many issues cited by users remain unresolved, as CoinTracker’s team is less responsive than the Koinly support.

Both platforms have similar pricing for base packages. However, Koinly still comes in cheaper at the entry paid tier, with plans starting at $49.

Keep in mind that CoinTracker can calculate taxes only for the US, Canada, UK, Australia, and India. CoinTracker has since expanded its international coverage, so this is no longer one of Koinly’s most clear-cut advantages.

Koinly vs. CoinLedger

CoinLedger was founded in 2018, the same year as Koinly. Both development teams had a similar goal; therefore, both tools have tax software and portfolio tracking. CoinLedger also has useful resources on various tools you can use for investing and staying tax compliant.

CoinLedger does include NFTs, and you can import your NFT trades as the platform pulls data directly from the blockchain. If you have a professional accountant, you can add them as a user to your account and have them file taxes instead of you.

CoinLedger’s main advantage over Koinly is a tax loss harvesting report and perhaps the main reason for larger investors to decide on using it. Still, Koinly now includes tax optimization tools of its own, which makes the gap between the two platforms much narrower than before.

CoinLedger’s list of supported countries is much shorter than Koinly’s and could be the deciding factor for you. User reviews for both platforms are quite positive, with CoinLedger having a bit higher score of 4.8.

Koinly once again shows that it has a competitive price. However, CoinLedger pays off if you have significantly more than 12,000 transactions per year.

CoinLedger can create tax documents from 2010, while Koinly goes a step further and includes 2008 and 2009.

Our Verdict

Koinly remains one of the better choices for crypto investors who want broad integration support, reliable portfolio tracking, and straightforward tax reporting.

Its free plan is generous enough for testing the platform properly, while paid tiers unlock the forms and exports most investors will actually need when tax season arrives.