Koinly

Koinly brings cryptocurrency tax calculations and portfolio tracking together for people managing activity across exchanges and wallets. It is strongest for investors who need broad imports or reports for a supported tax jurisdiction; its transaction allowances make choosing a paid tier carefully essential.

Overview

Koinly combines tax preparation with portfolio views of holdings, returns and growth over time, plus an estimate of the potential impact of tax-loss harvesting. It generates reports for more than 20 countries and says it serves users in 140+ countries, but the reporting fit depends on whether your jurisdiction and required form are supported.

Key features

Imports and portfolio tracking

Users can import exchange histories through API or CSV, or connect blockchain wallets using public addresses. Koinly says it auto-syncs with 1,000+ direct integrations and 7,200+ DeFi protocols, and allows unlimited CSV imports. That breadth is useful when activity is scattered across services, though it does not increase the transaction allowance of a plan. Koinly says these connections do not require private keys.

Portfolio tracking covers holdings, ROI and growth over time, along with the possible effect of tax-loss harvesting. That makes the product useful between filing periods as well as at tax time. The free tier includes tracking and a preview of capital gains, while tax reports require a paid plan.

Tax reports and security

Koinly supports DeFi and NFT transactions and produces reports including US IRS Form 8949, Schedule D and Schedule 1, the UK HMRC Capital Gains Summary, Sweden's K4 and Switzerland's Valuation Repo. The range is a strength for users whose activity and filing needs match those formats; it should not be treated as universal tax coverage.

Koinly says API and blockchain keys are encrypted with AES-256-GCM and that it does not need private keys or access to exchange funds. Its site displays SOC 2 Type 2 and ISO 27001 certification badges, a useful signal for users evaluating how sensitive account connections are handled.

Pricing

Koinly sells plans for the tax years users need rather than as subscriptions. That avoids recurring subscription terms, but people filing multiple years should account for buying a plan for each needed tax year. All plans allow unlimited wallets and exchange accounts; transaction allowances, not connection count, are the key constraint.

The Free plan's 10,000-transaction allowance is generous for tracking and previewing gains, but it does not include tax reports. Newbie adds reports at a much smaller 100-transaction allowance, so it suits low-volume filers rather than people with many trades. Hodler raises that cap to 1,000; Trader starts at 3,000+ and is the better fit for heavier activity. Regular accounts support up to 100,000 transactions, with additional transactions purchasable in-app above the top plan limit.

Platforms

Koinly is available on the web, Android and iOS. Its mobile app options are identified as beta, so users who want a mobile workflow should factor that status into their choice.

Who it's for

Koinly is a strong fit for crypto holders who need to consolidate exchange, public-address wallet, DeFi or NFT activity and prepare reports in a supported jurisdiction. Its broad integrations and unlimited wallet and exchange connections help with account sprawl. It is less suitable when a user needs a jurisdiction or form outside its supported coverage, or when a high-volume filer expects the lower paid tiers to cover many thousands of transactions.

Pros and cons

• Broad import coverage: API and CSV exchange imports, public-address wallet connections, 1,000+ direct integrations and 7,200+ DeFi protocols suit users with activity spread across services.
• Useful between tax seasons: Holdings, ROI, growth and tax-loss-harvesting impact give portfolio tracking a role beyond report generation.
• Clear connection boundary: Koinly says it does not require private keys or access to exchange funds.
• Paid transaction caps can bite: Newbie includes only 100 transactions and Hodler 1,000, which may push active traders to a higher tier.
• Coverage is not universal: Users must match their filing jurisdiction and required form to Koinly's supported set.

Alternatives

Compare crypto tax software if you want to weigh several options before choosing a filing workflow.

Blockpit is another freemium option with Android, iOS and web apps; choose it if its portfolio-tracking or one-credit source-of-funds offering better matches your needs.

Coinpanda may suit a lower-volume filer: its free plan allows 25 transactions per tax year, and its listed Hodler plan costs $79 a year for 100 transactions.

CoinTracking is worth considering if its portfolio-view free tier and seven-day trial with unlimited imports fit how you want to evaluate a product.

rotki is a freemium alternative for users seeking Linux, macOS, Windows or self-hosted platforms.

Waltio is an alternative for users seeking iOS or web access, with a free tier that includes portfolio tracking and a foreign-accounts form.

Awaken Tax is another freemium option for web users.

Bitcoin.Tax may suit someone with a small trading history: its free plan covers up to 20 trading transactions, while its listed Premium plan costs 59.95 USD once per tax year for up to 1,000 transactions.

CoinLedger is an alternative for web users; its free portfolio-tracking plan includes unlimited exchanges and wallets, and its listed Hobbyist plan is a one-time purchase for up to 100 transactions.

Verdict

Choose Koinly if you need tax reporting alongside portfolio tracking and broad exchange, wallet, DeFi or NFT imports, and your filing jurisdiction and transaction volume fit its plans. Its key advantage is the breadth of connections and supported reporting formats; look elsewhere if your required tax coverage is outside its supported set or you need more transactions than your budgeted tier allows.