Koinly is a leading cryptocurrency tax software that simplifies calculating and reporting crypto taxes. It automatically imports transactions from over 800 exchanges, wallets, and blockchains, handles complex activities like DeFi, NFTs, staking, and margin trading, and generates compliant tax reports such as IRS Form 8949, Schedule D, and international forms. With support for 20+ countries, portfolio tracking, and tax optimization features, Koinly helps users preview gains/losses and reduce future tax liabilities through tools like cost basis methods (FIFO, LIFO, etc.).
Is Koinly Free or Paid?
Koinly offers a generous free plan for essential features, including importing up to 10,000 transactions, unlimited wallet/exchange connections, full portfolio tracking, and a preview of capital gains/losses. However, downloading or generating official tax reports requires upgrading to a paid plan. This freemium model allows users to test accuracy and import data without cost, but full compliance filing is paid-only.
Koinly Pricing Details
Koinly prices plans per tax year based on transaction volume, with all paid tiers including unlimited imports, DeFi/NFT support, multiple cost basis options, tax reports, and optimizer tools.
| Plan Name | Price (Monthly / Yearly) | Main Features | Best For |
|---|---|---|---|
| Free | $0 (per tax year) | Up to 10,000 transactions import, unlimited wallets/exchanges, portfolio tracking, capital gains preview, no report downloads | Beginners testing the tool or low-activity users for tracking only |
| Newbie | $49 per tax year | Up to 100 transactions, full tax reports (Form 8949, Schedule D, international), DeFi/NFT support, spam detection | New or casual crypto users with minimal trades |
| Hodler | $99 per tax year | Up to 1,000 transactions, all reports and features, tax optimizer, historical pricing | Long-term holders or moderate traders |
| Trader | $179–$199 per tax year | Up to 3,000 transactions, advanced support for complex activities, full compliance tools | Active traders with higher volume |
| Pro | Higher (custom/add-ons) | Up to 10,000+ transactions (with extra packages), priority features for heavy users | High-volume day traders or professionals |
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Best Alternatives to Koinly
Several crypto tax platforms provide similar automation and reporting. Here’s a comparison of key alternatives:
| Alternative Tool Name | Free or Paid | Key Feature | How it Compares to Koinly |
|---|---|---|---|
| CoinLedger | Free limited + Paid (from ~$49/year) | User-friendly interface, strong TurboTax integration, handles DeFi/staking | Similar pricing and features; often praised for simpler setup but slightly fewer integrations than Koinly |
| CoinTracker | Free portfolio + Paid (from $59/year) | Broad exchange support, real-time tracking, advanced analytics | More expensive for mid-tier plans; excellent for US users but locks some dashboard features behind paywall unlike Koinly’s free preview |
| ZenLedger | Paid (from ~$49/year) | Professional-grade reports, accountant sharing, IRS-focused tools | Strong for complex US filings; higher costs for unlimited but less global coverage compared to Koinly’s 20+ countries |
| TokenTax | Paid (from ~$65/year) | Expert tax advice, DeFi/NFT specialization, audit support | More premium with consulting add-ons; better for high-net-worth users but pricier than Koinly for basic needs |
| Summ (formerly Crypto Tax Calculator) | Free limited + Paid | Advanced DeFi handling, accurate on-chain calculations | Highly regarded for complex transactions; competitive pricing but may require more manual tweaks than Koinly in some cases |
Pros and Cons of Koinly
- Pros:
- Extremely generous free tier with up to 10,000 transactions import and full preview capabilities.
- Supports over 800 integrations, 20,000+ cryptocurrencies, and 20+ countries’ tax rules.
- Accurate handling of DeFi, NFTs, staking, airdrops, and margin trading with multiple cost basis methods.
- Easy automated imports via API, CSV, or blockchain sync, plus tax optimization to minimize liabilities.
- Clean interface, reliable reports compatible with TurboTax, H&R Block, and more.
- Cons:
- Paid plans required for actual report downloads, even after full data import.
- Pricing tied per tax year, which can add up for multi-year filings.
- High-volume users (over 10,000 transactions) need add-ons, increasing costs.
- Occasional manual edits needed for very complex or mislabeled transactions.
- No cryptocurrency payment accepted for subscriptions.