Both Koinly and CoinTracker are excellent crypto tax software platforms — but they serve different traders. Koinly is the better choice for international users and active DeFi traders. CoinTracker is the better choice for US-based Coinbase users who file with TurboTax. Choosing the wrong one wastes both time and money.
We tested both platforms with real portfolios including spot trading, DeFi, staking, and NFTs. Here's the complete breakdown.
💡 Quick Answer: Koinly for international traders, DeFi-heavy portfolios, and anyone using 10+ exchanges. CoinTracker for US Coinbase users who want one-click TurboTax filing.
At a Glance
Pricing Compared
| Plan | Koinly | CoinTracker | Winner |
|---|---|---|---|
| Free Plan | Preview reports, unlimited tracking | 25 transactions free | Koinly |
| Entry Paid (100 txns) | $49/year | $59/year | Koinly |
| Mid Tier (1,000 txns) | $99/year | $199/year | Koinly |
| Power User (3,000+ txns) | $179/year | $299/year | Koinly |
| Free Preview | ✓ Full preview before paying | Limited | Koinly |
Koinly wins on pricing at every tier — often significantly cheaper for mid to high transaction counts. Both allow you to import all your data and see your tax liability before paying, which is the right approach for evaluating fit.
Key Feature Comparison
| Feature | Koinly | CoinTracker | Winner |
|---|---|---|---|
| Exchange Integrations | 700+ | 300+ | Koinly |
| Country Support | 100+ countries | US primarily | Koinly |
| DeFi Transaction Support | Excellent | Good | Koinly |
| NFT Tax Tracking | ✓ Yes | ✓ Yes | Tie |
| Staking/Mining Income | ✓ Yes | ✓ Yes | Tie |
| TurboTax Integration | Via CSV export | ✓ One-click direct | CoinTracker |
| Coinbase Integration | ✓ Yes | ✓ Deep integration | CoinTracker |
| Portfolio Tracking | ✓ Good | ✓ Excellent | CoinTracker |
| Tax Loss Harvesting | ✓ Yes | ✓ Yes | Tie |
| Mobile App | Web only | ✓ iOS & Android | CoinTracker |
| Cost Basis Methods | FIFO, LIFO, HIFO, ACB | FIFO, LIFO, HIFO | Tie |
DeFi Support — Koinly Wins Clearly
This is where the gap between the two platforms is most significant. Koinly has invested heavily in DeFi transaction classification — it correctly handles liquidity pool entries and exits, yield farming rewards, staking income across multiple chains, and complex multi-step DeFi interactions.
CoinTracker's DeFi support has improved but still requires more manual categorization for complex transactions. If your portfolio includes significant DeFi activity — Aave, Uniswap LPs, yield farming — Koinly will save you hours of manual work that CoinTracker would require.
TurboTax Integration — CoinTracker Wins
For US traders who file with TurboTax, CoinTracker's one-click integration is genuinely valuable. Click "Export to TurboTax," log in with your TurboTax account, and your crypto gains and losses populate automatically. No CSV downloading, no manual importing.
Koinly requires downloading a CSV and manually importing it into TurboTax — which works fine but takes an extra 10–15 minutes. Not a dealbreaker, but CoinTracker wins this specific use case.
Who Should Use Which
🧾 Choose Koinly if you...
- Are based outside the United States
- Have significant DeFi activity — LPs, yield farming, staking
- Use 10+ exchanges or wallets
- Want the most comprehensive DeFi transaction support
- Want to preview your full tax liability before paying
- Are on a budget — Koinly is cheaper at every tier
- Trade on international exchanges not supported by CoinTracker
📊 Choose CoinTracker if you...
- Are US-based and primarily use Coinbase
- File taxes with TurboTax and want one-click integration
- Want a mobile app for portfolio tracking on the go
- Have a relatively simple portfolio — spot trading only
- Want the best portfolio tracking alongside tax features
- Use H&R Block (CoinTracker also integrates directly)
For most crypto traders globally — Koinly wins. Better DeFi support, more exchange integrations, more countries, and lower prices at every tier. For US-based Coinbase users who file with TurboTax specifically — CoinTracker's one-click integration justifies the higher price. Both are excellent tools; the right choice depends entirely on where you live and how complex your trading activity is. Neither requires commitment upfront — import your data and preview your tax liability on both before deciding.