Pros & Cons
Strengths
- + Supports 700+ integrations
- + Very accurate tax reports
- + Free portfolio tracking
Weaknesses
- - Paid plans can be expensive
- - DeFi tracking needs manual fixes
AI-Verified Data
Koinly Ecosystem
Why use Koinly
Koinly is crypto tax and portfolio software aimed at individual investors who juggle many venues: founded in 2019, it cites 1,000+ direct integrations, 7,200+ DeFi protocols, unlimited CSV imports, and support for 50,000+ coins with 2M+ users across 140+ countries. API and public-address syncs pull exchange history plus on-chain DeFi, staking, NFTs, and margin activity without private keys, while bulk editing, spam detection, and smart transfer matching help keep cost basis intact across wallets. Unlike subscription-first rivals, Koinly is self-funded, charges per tax year only (no ongoing subscription), and keeps a free forever tier—portfolio tracking, capital-gains preview, tax optimizer, and DeFi/NFT support for up to 10,000 transactions—so you only pay when you download ready-to-file reports.
Where denser analytics desks such as CoinTracking lean on paid power-user workflows, Koinly’s edge is that free reconciliation path plus filing exports: Form 8949 / Schedule D, 1099-DA reconciliation, TurboTax / TaxACT / FreeTaxUSA handoff, and specialised international reports (US, UK, Australia, Germany, and more) with FIFO, LIFO, HIFO, average cost, and wallet-based Spec ID. Paid plans start at $49 / $99 / from $199 per tax year (Newbie / Hodler / Trader), with a 7-day refund guarantee and on-site SOC 2 Type 2 and ISO 27001 badges—practical for everyday multi-exchange users who need clean sync and compliant reports more than a pure high-volume trading desk.
