Koinly
The easiest crypto tax software available. Import from 700+ exchanges and wallets, auto-calculate your taxes, and generate IRS-ready reports in minutes — not days.
Koinly is a crypto tax software platform that automates the most painful part of crypto investing — calculating your gains and losses for tax reporting. Founded in 2018, it has become one of the most widely used crypto tax tools globally, serving 500,000+ traders across 20+ countries.
The platform works by connecting to your exchanges and wallets — either via API for automatic syncing or CSV import for manual uploads — and then automatically categorizing every transaction, calculating your cost basis using the correct method for your jurisdiction (FIFO, LIFO, HIFO, or HMRC), and generating tax reports in the exact format your accountant or tax software needs.
Koinly handles the full complexity of modern crypto portfolios — not just simple buy/sell transactions but also DeFi yield farming, liquidity pool positions, NFT sales, staking rewards, airdrops, hard forks, and margin trading. For anyone with a complex crypto portfolio, this breadth of support is what separates Koinly from simpler alternatives.
💡 CryptoToolsHQ Take: Koinly is the crypto tax software we recommend to most traders. The $49 Newbie plan covers up to 100 transactions — enough for most casual traders. Active traders and DeFi users will want the $99 or $179 plan. Start with the free plan to import all your transactions and see what you owe before paying anything.
✓ Pros
- Easiest setup of any crypto tax platform
- 700+ exchanges and wallets supported
- Free plan lets you import and preview before paying
- Excellent DeFi and NFT transaction handling
- Supports 20+ countries with local tax rules
- Generates reports for TurboTax, H&R Block, and CPAs
- Real-time portfolio tracking as a bonus feature
- Strong customer support with detailed documentation
✗ Cons
- Free plan doesn't include tax reports — preview only
- Complex DeFi transactions occasionally need manual review
- Pricing jumps significantly for high transaction counts
- Some smaller or newer DeFi protocols not yet supported
- Customer support can be slow during peak tax season
- Annual pricing only — no monthly billing option
- Unlimited transaction imports
- Portfolio tracking
- Tax liability preview
- No tax reports generated
- 100 transactions
- All tax reports included
- DeFi & NFT support
- All country rules
- 1,000 transactions
- Everything in Newbie
- Priority support
- Advanced DeFi support
- 3,000 transactions
- Everything in HODLer
- Margin trading support
- Futures & options
💡 Smart strategy: Start with the free plan — import all your transactions and see how many you have before choosing a paid plan. You can see your full tax liability for free. You only pay when you need to download the actual tax report to file.
| Feature | Koinly | CoinTracker | CoinLedger | TaxBit |
|---|---|---|---|---|
| Best For | Most traders — easiest setup | Portfolio + tax combo | US traders (simple) | Enterprise / complex |
| Starting Price | Free / $49/yr | Free / $59/yr | Free / $49/yr | Free / $50/yr |
| Exchanges Supported | ✓ 700+ | ~ 300+ | ~ 500+ | ~ 500+ |
| DeFi Support | ✓ Excellent | ~ Good | ~ Good | ✓ Excellent |
| NFT Support | ✓ Yes | ✓ Yes | ✓ Yes | ✓ Yes |
| Country Support | ✓ 20+ countries | ~ US focused | ✗ US only | ~ US + select |
| Ease of Use | ✓ Easiest | ~ Easy | ~ Easy | ~ Moderate |
| CryptoToolsHQ Score | 9.3 / 10 | 9.1 / 10 | 8.8 / 10 | 8.3 / 10 |
"Tax season used to take me 2 weeks manually tracking every DeFi transaction in spreadsheets. With Koinly it took 4 hours — import the CSVs, review the flagged transactions, download the report. The DeFi categorization is genuinely impressive. It correctly identified my Uniswap LP positions, Aave lending income, and even some obscure yield farming rewards."
"I only had about 60 transactions last year but was dreading doing the taxes manually. The $49 Newbie plan was absolutely worth it. Connected Coinbase and Kraken via API, everything imported automatically, Koinly calculated my gains, I downloaded the TurboTax-compatible report and filed in under an hour. Should have done this years ago."
"Works well for the most part. Docked a star because some of my more exotic DeFi transactions needed manual review — Koinly flagged them correctly but I had to categorize them myself. That said, it's still 100x faster than doing it manually. The HODLer plan at $99 covered all my transactions and the report was clean enough for my CPA to work with directly."