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Use the preview to check real data. Long-term holding still needs original cost information after a move between platforms.
Evidence-led crypto tax software review
Koinly Review: Features, Pricing, Pros, Cons, and How It Compares in 2026
Koinly helps users consolidate cryptocurrency history from exchanges, wallets, and blockchains, then review gains, income, and filing-year reports. Its broad capabilities are useful, but complex data still needs careful human review.
Method note. This review is based on publicly available Koinly documentation, official competitor sources, and independent review-platform context. No hands-on product or customer-service test was performed. Information was checked on September 22, 2026 and can change.
Quick reference
Koinly at a glance
Koinly is a crypto tax software and portfolio tracker for investors, traders, DeFi and NFT users, and accountants who need to consolidate data from exchanges and self-custody wallets. Its broad import methods and report options are useful, but complex activity and incomplete history still need careful review.
| Area | Editorial assessment |
|---|---|
| Core use | Collect exchange, wallet, and blockchain data; review gains and income; generate filing-year reports and exports. |
| Strong point | Published import methods, review controls, cost-basis settings, portfolio views, and multiple report types in one workflow. |
| Main trade-off | Complex DeFi, NFT, bridge, historical, and source-data issues can require manual corrections. |
| Best buying test | Import every relevant wallet and exchange, resolve warnings, then confirm the transaction count and report need before paying. |
Product positioning
What is Koinly?
Crypto tax software addresses a record-keeping problem. A taxpayer may buy on one exchange, move assets to self-custody, receive staking rewards, bridge tokens, swap through decentralised protocols, and sell somewhere else. The tax result can depend on the jurisdiction, timing, cost basis, and classification of each event. A single exchange statement rarely reconstructs that complete history.
Koinly is a cryptocurrency tax calculator and crypto portfolio tracker that aims to collect those records, help users reconcile them, calculate gains and income, and produce crypto tax reports or exports. Its official materials describe imports through exchange APIs, public wallet addresses, CSV files, extended public keys, and custom files. The current integrations directory advertises more than 1,000 direct integrations and more than 7,200 DeFi protocols. Those totals are time-sensitive, so a buyer should confirm the exact exchange, wallet, chain, and protocol in the live directory.
The short conclusion is conditional: Koinly may be a strong fit when a user has accessible source data and will resolve warnings. It is less suitable for anyone who expects the first imported result to be a complete, jurisdiction-ready tax return.
Practical workflow
How Koinly works
The normal workflow begins by adding every exchange account and wallet that belongs to the taxpayer, including inactive wallets and closed exchanges with relevant purchase history. Depending on the source, a user can sync an exchange through an API, add a public blockchain address, upload a CSV, use an extended public key, or complete a custom import. Koinly says it does not need private keys. Exchange API keys should be read-only, with trading and withdrawal permissions disabled.
After import, users should compare balances with the real wallet or exchange, investigate missing purchase history, check transfers, and correct classifications. Koinly lists transfer matching, warnings for missing prices and negative balances, labels, rules, filters, merge/split tools, spam detection, and gain/loss sorting. These controls matter because a missing inbound cost basis or unmatched transfer can create a misleading displayed gain.
Once the history is reviewed, a user can select cost-basis settings, inspect portfolio and tax summaries, choose a filing year, and purchase a plan when ready to download final reports. Koinly says a paid plan allows unlimited report downloads for the tax year covered. That does not make the review step optional: its own guidance says unusual liquidity positions, staking, bridges, rebasing tokens, NFTs, derivatives, and incomplete cost basis may need manual attention.
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Practical check: a report is only as useful as the source data and classifications behind it. Treat warnings, unusually large gains, negative balances, and missing prices as items to resolve, not as cosmetic alerts.
Feature assessment
Koinly’s key features
Import coverage and reconciliation
Koinly’s pricing and integration pages list exchange API sync, CSV import, EVM-chain auto-sync, Solana/Cardano and other networks, xPub/yPub/zPub imports, custom files, and unlimited CSV imports. They also list transfer matching, bulk editing, rules, balance verification, negative-balance warnings, and advanced filters. That makes the product relevant for people with a history spread across platforms. It does not mean every integration supplies the same information or that every sync is complete. Koinly itself advises users to compare balances and resync or use CSVs when necessary.
Capital gains, income, reports, and portfolio views
Koinly says it supports FIFO, LIFO, HIFO, Average Cost, share pooling, wallet-based cost tracking, and Spec ID. The correct choice depends on a taxpayer’s circumstances and local rules, not on the lowest headline result. It also describes treatment for mining, staking, lending, airdrops, forks, DeFi income, and similar events.
Published reports include capital gains, income, transactions, other gains, gifts/donations/lost assets, expenses, and year-end holdings. Koinly lists country-specific forms or summaries for the United States, United Kingdom, Canada, Australia, Sweden, France, Finland, Denmark, and Switzerland, plus TurboTax and TaxAct exports. It says it supports more than 100 countries overall; where no specialised form exists, the underlying report may be useful under standard cost-basis methods, but that is not a local-compliance guarantee.
DeFi, NFTs, accountants, support, and security
Koinly explicitly lists DeFi and NFT support, but its help centre sets the right expectation: lesser-known or concentrated-liquidity protocols can need adjustment, staking labels may be missed, and NFT activity can require manual placeholders, matching, or price work. DeFi-heavy and NFT-heavy users should test their actual wallet imports before buying.
For professionals, Koinly says firms can manage multiple clients in separate portfolios, invite clients or be invited to existing client accounts, and download reports. It also provides integration guides, country guides, an accuracy checklist, and in-app chat, while stating that technical support does not give tax advice.
On Trustpilot, Koinly had a 4.5/5 TrustScore from 2,358 reviews when checked. The platform’s summary praised time savings and report clarity but also mentioned sync errors, difficult token integrations, manual fixes, and delays reaching human support. These are customer-feedback themes rather than universal results. Koinly’s security page says API and blockchain keys are encrypted with AES-256-GCM, email-password registrations use bcrypt, and data is encrypted in transit; its current site displays SOC 2 Type 2 and ISO 27001 badges. Use read-only keys and assess current security documentation yourself.
Current public pricing
Koinly pricing and value for money
Public pricing below was checked on September 22, 2026. Koinly sells paid report plans per tax year, not as one purchase covering every past filing year. It says all tiers allow unlimited wallets and exchange accounts. The free preview permits imports, portfolio tracking, and capital-gains/income previews, but final report downloads require payment.
| Plan | Price per tax year | Published allowance | Practical meaning |
|---|---|---|---|
| Free | $0 | 10,000 transactions | Portfolio and tax preview; no downloadable final reports. |
| Newbie | $49 | 100 transactions | Entry paid tier for a simple filing year. |
| Hodler | $99 | 1,000 transactions | For moderate activity. |
| Trader | From $199 | 3,000, 10,000+, and custom options | Higher-volume reporting; Koinly says regular accounts support up to 100,000 transactions. |
Koinly counts deposits, withdrawals, and trades, but says it may group exchange fills and exclude spam and most small rewards. The count after import—not a raw export-row total—should determine the plan. Casual investors should use the preview first. Active traders should assess fees, partial fills, derivatives, and transfers. DeFi/NFT users should prioritise import quality, while accounting firms should prioritise client onboarding, review time, and exports over a retail headline price.
Setup reality
Ease of use and setup experience
Koinly is likely to be easiest for people using established exchanges and common wallets. The documented sequence—add sources, synchronise or import, review warnings, set preferences, inspect a tax summary, and pay for a report—is understandable. The difficult part is the data: users must identify every source, spot omitted cost basis, and decide whether an on-chain label is sensible. Filters and rules help, but ambiguous multichain records may need technical knowledge or an accountant.
The available independent feedback supports that qualified view. Trustpilot feedback is broadly positive about usability and report readability, but its summary also highlights sync and human-support friction in difficult cases. G2 had only two reviews at the time checked, too small a sample to establish broad claims. The reasonable expectation is that standard imports can be manageable, while a complex history may demand documentation, manual cleanup, and professional help.
Decision summary
Koinly pros and cons
Potential advantages
- Broad published import routes, including APIs, public addresses, CSVs, and custom files.
- Free preview before paying for a filing-year report.
- Cost-basis choices, transfer matching, income tracking, and country-specific reports.
- Portfolio, warnings, filters, labels, rules, and professional-client tools.
Meaningful limitations
- Final report downloads require payment and transaction caps affect plan selection.
- Complex DeFi, NFT, bridge, and historical-data issues can need manual reconciliation.
- Integration breadth does not guarantee a complete import for every source.
- Customer feedback identifies sync and support concerns to test during the free preview.
Buyer alternatives
Koinly vs. Competitors: How Does It Compare?
The comparison uses official product pages and selected independent context checked on September 22, 2026. Prices, limits, and coverage can change; in several cases, older help articles conflict with current pricing pages.
| Platform | Best for | Free option or preview | Starting paid price | Transaction structure | Tax and accountant workflow | Practical difference |
|---|---|---|---|---|---|---|
| Koinly | Multi-platform and international users who will reconcile their data. | Free preview; final reports paid. | $49/tax year | 100 at entry; higher tiers from 1,000 and 3,000+. | DeFi/NFT support, country-specific reports, TurboTax/TaxAct exports, client portfolios. | Broad generalist workflow, but complex activity still needs review. |
| CoinTracker | Straightforward portfolios on major US exchanges. | Free tracking/tax summary; no forms. | $59/year | 100 at entry; annual tiers scale with activity. | US filing handoffs, paid DeFi support, Tax Pro tools. | May suit users prioritising TurboTax or H&R Block handoffs; comparison research describes Koinly as broader across chains and countries. |
| CoinLedger | One-time report purchasing and professional-client workflows. | Free portfolio tracking; paid reports. | $49/report year | 100, 1,000, then 3,000+ on the current page. | Listed country forms, DeFi/NFT support, audit trail, Tax Professional Suite. | Similar entry price; older help content conflicts with current tiers, so confirm checkout terms. |
| ZenLedger | US-focused investors and accountants. | Free aggregation/import; paid report access. | $49/year | 100, 5,000, and 15,000 tiers; published unlimited add-on. | IRS-oriented reports, DeFi/staking/NFT features, Tax Pro Suite. | More US-centred reporting emphasis than Koinly’s wider country positioning. |
When Koinly fits: choose it when broad country positioning, several exchanges and self-custody wallets, and a reconciliation-first workflow matter. CoinTracker can fit a comparatively straightforward US portfolio with documented filing-software handoffs. CoinLedger is worth assessing for its free tracking, one-time report pricing, and professional tools. ZenLedger is credible for US-tax and accountant-led workflows.
Compare the real plan: apparent starting-price differences are not decisive until report access, filing-year limits, billing period, exports, overages, and the required review effort are aligned. No platform is a universal winner, and each depends on complete data and sensible treatment of complex activity.
Buyer fit
Who should use Koinly?
Traders and multichain users
Check fees, partial fills, transfers, protocol support, and the imported count. DeFi and NFT users should expect manual review.
International users and firms
Confirm the relevant country report or method. Accountants should pilot permissions, exports, and reconciliation time with a representative client.
Koinly is most likely to benefit investors using multiple exchanges and self-custody wallets who can add every historical source. It is least likely to satisfy someone who needs a completely automatic answer for an unusual on-chain history or an unverified local tax position.
Buyer questions
Frequently asked questions
Is Koinly free to use?
Koinly offers a free preview. It says users can import data and view portfolio and tax summaries, but need a paid plan to download reports.
Can Koinly import exchange and wallet data automatically?
For supported sources, Koinly documents API syncing, public-address imports, EVM auto-syncing, CSVs, and other methods. Balances and warnings still need checking.
Does Koinly work with DeFi, staking, and NFTs?
Koinly lists support for DeFi, NFTs, staking, lending, mining, airdrops, and related income. Its own guidance says difficult protocols and NFT records can need manual review.
Can Koinly generate reports for accountants or filing software?
Koinly publishes country-specific reports, supporting schedules, TurboTax/TaxAct exports, and client-accountant workflows. Confirm the exact export your accountant requires.
Is Koinly suitable for high-volume traders?
Koinly has higher transaction tiers and says regular accounts can support up to 100,000 transactions. Suitability still depends on data quality and complexity.
Is Koinly safe to connect to an exchange?
Koinly says it does not need private keys and recommends read-only API keys with trading and withdrawal permissions disabled. Users remain responsible for their key, account, and device security.
Final assessment
Final verdict: is Koinly worth considering?
Koinly is a capable option for people who need to organise crypto activity across exchanges, wallets, and on-chain protocols before producing crypto tax reports. Its strongest qualities are the published breadth of import methods, free preview, transfer and warning tools, cost-basis choices, portfolio tracking, and range of reports. That combination can reduce the manual effort of reconstructing a fragmented history.
The essential caveat is that Koinly is not a replacement for a complete record or informed review. Its own documentation makes clear that incomplete data, unusual DeFi activity, NFTs, transfers, staking, and cost basis can need manual correction. Customer-feedback context also suggests that difficult imports may expose sync or support friction. Koinly may be a strong fit for investors, traders, and accountants who first test every relevant import, resolve warnings, review classifications, and confirm current pricing before paying for a filing-year report.
Conditional recommendationUse the free preview as a data-quality test, not merely a trial.Crypto-tax treatment varies by jurisdiction and individual circumstances. Consult a qualified tax professional where the classification or filing position is uncertain.
Research record
Sources and methodology
This article is based on public documentation and verified user-feedback sources; no hands-on test was performed. Vendor materials support product, pricing, and security statements. Independent sources provide customer-feedback context. Verify time-sensitive pricing, limits, country coverage, and integration support directly before purchase.
Koinly official sources
- Koinly pricing, integrations, and tax reports.
- Accuracy and reconciliation guidance, country support guidance, and accountant workflow.
- Security page and privacy policy.