Koinly Review
International cryptocurrency tax reporting and portfolio tracking solution.
Tool Overview
Koinly is a comprehensive cryptocurrency tax software solution that supports multiple countries' tax systems. The platform combines powerful tax calculation features with portfolio tracking capabilities, making it suitable for both individual investors and tax professionals.
With support for over 350 exchanges and integrations with major tax filing software, Koinly simplifies the complex process of cryptocurrency tax reporting while helping users track their investments across multiple platforms.
Pricing Plans
Free
$0
- Portfolio tracking
- Preview tax report
- Basic support
Newbie
$69/year
- Up to 100 transactions
- Tax reports
- Email support
Hodler
$179/year
- Up to 1,000 transactions
- Priority support
- Cost basis methods
Trader
$279/year
- Unlimited transactions
- Priority support
- API access
Key Features
Pros & Cons
Advantages
- • International tax support
- • User-friendly interface
- • Extensive integrations
- • Good documentation
- • DeFi tracking
- • Responsive support
Disadvantages
- • Transaction limits on lower tiers
- • Some manual input needed
- • Complex DeFi transactions
- • API sync issues
- • Higher pricing tiers
Security Features
Getting Started with Koinly
1. Account Setup
- Create Koinly account
- Choose subscription plan
- Set up security features
- Configure tax settings
2. Import Transactions
- Connect exchange APIs
- Import CSV files
- Add wallet addresses
- Verify data accuracy
3. Tax Reporting
- Review transactions
- Configure tax settings
- Generate reports
- Export to tax software
4. Ongoing Management
- Monitor synced accounts
- Update manual entries
- Track tax implications
- Regular reconciliation
Frequently Asked Questions
What is Koinly?
Koinly is a cryptocurrency tax software that helps users calculate their crypto taxes and track their portfolio. It supports multiple countries' tax systems and automatically syncs with exchanges and wallets to import transactions.
How much does Koinly cost?
Koinly offers multiple pricing tiers starting with a free plan for portfolio tracking. Paid plans range from $69 to $279 per year, with features and transaction limits increasing at each tier. The price is based on tax year and number of transactions.
Is Koinly accurate for tax reporting?
Koinly is generally accurate for tax reporting, especially for standard cryptocurrency transactions. It uses accepted accounting methods and supports various countries' tax rules. However, accuracy depends on correct data import and transaction categorization.
How does Koinly import transactions?
Koinly can import transactions through API connections with exchanges, CSV file imports, and blockchain analysis for wallet addresses. It supports automatic syncing with major exchanges and can track transactions across multiple platforms.
Can Koinly handle DeFi transactions?
Yes, Koinly supports DeFi transactions including lending, borrowing, yield farming, and liquidity pools. However, some complex DeFi transactions may require manual review or adjustment for accurate tax reporting.
Stay Updated
Get the latest crypto news, rankings, and exclusive guides delivered to your inbox.
We respect your privacy. Unsubscribe at any time.