Koinly Review 2025: Pricing, Plans, and Features

As cryptocurrencies enterprise into the mainstream, one actuality has turn into unavoidable: we should pay taxes.

Koinly is among the hottest crypto tax software program, aiming to simplify reporting by means of automation, accuracy, and broad help for numerous platforms.

It has turn into one of the vital broadly used crypto tax instruments in your complete ecosystem. Yet, behind the automated imports and clear dashboards, there are extra complicated questions – how does Koinly carry out in actuality, who’s it finest fitted to, and is it definitely worth the cash you’re paying for it?

In this assessment, I’ll take a better have a look at Koinly’s capabilities, limitations, and assess its total reliability. At the top of it, it is possible for you to to find out if Koinly is the best crypto tax software for you.

Key Takeaways:

• Koinly automates the method of calculating cryptocurrency taxes and consolidates knowledge from exchanges, wallets, and numerous blockchain platforms.
• It helps greater than 20,000 cryptocurrencies, lots of of integrations, and international locations.
• It’s comparatively simple to make use of, that includes a clear interface.
• Koinly is mostly robust by way of accuracy, however complicated cross-chain transactions or DeFi participation should require extra guide assessment.
• The crypto tax software program can generate paperwork reminiscent of Form 8949, Schedule D, and country-specific summaries.

The Verdict

Koinly is among the finest crypto tax software program accessible in 2025. It gives a number of pricing tiers, appropriate for every type of customers from rookies to skilled merchants and companies. Thousands of buyer opinions categorical long-term satisfaction with its efficiency, reliability, and help.

The crypto tax software can generate ready-to-file studies for over 20 jurisdictions, together with IRS Form 8949, UK HMRC capital positive factors studies, and extra. It helps lots of of exchanges and Web3 wallets and over 20,000 cryptocurrencies.

Koinly

Rating:

4.9/5

• Supports 20,000+ cryptocurrencies and 900+ exchanges
• Accurate, automated tax reporting for 20+ jurisdictions
• Easy to make use of interface, perfect for rookies
• Integrates with QuickBooks & Xero
• Strong buyer help (Trustpilot 4.6/5)

• Complex DeFi transactions might have guide assessment
• Limited help for smaller jurisdictions
• No two-factor authentication

Visit Website

Onboarding & User Experience

Quick abstract: Creating an account with Koinly is straightforward and fast. You can register along with your present Gmail person. The interface is user-friendly and appropriate for rookies. Setting up the platform to work primarily based in your native necessities can be easy. You can import transaction knowledge from lots of of Web3 wallets and exchanges by means of a CSV or with an API key. 

Creating an account

Creating an account at Koinly is especially easy. You can use your Google account, Revolut ID, or just register with an e-mail of your selection.

Once you may have your account registered, I strongly suggest that you just go and try a number of settings.

Go to Settings -> Tax Info, and fill in your info. This will come in useful once you begin doing all your taxes and producing studies.

After that, you probably have employed an accountant, you may give them entry if vital. Go to Team -> Invite, and add them by means of their e-mail.

Make certain to assessment the month-to-month subscription plans, however I’ll dive deeper into every considered one of them a bit later on this assessment.

Localization settings

Once you may have your account arrange, it’s time to regulate your localization settings. To accomplish that, go to Settings -> Portfolio, and from there regulate your base foreign money, dwelling nation, time zone, the start of the tax yr, and so fort.

Reminder:

• US tax yr runs till December thirty first.
• UK tax yr runs till April 1st.

Note the few test marks on the backside. This is jurisdiction-specific, however for the US, regulators are treating crypto acquired by means of airdrops, forks, mining, and staking rewards as revenue. If that’s not the case in your nation, test them off.

Interface, dashboards, accessibility

The interface is intuitive and presents all the mandatory info, offered you’ve accomplished your pockets and/or trade integrations (see the subsequent step under).

This is what the dashboard seems to be like initially, earlier than you begin importing your wallets. As you’ll be able to see, there are indicators for a way a lot cash you may have put in, how a lot you may have withdrawn, your revenue, bills, buying and selling charges, realized positive factors, and extra.

Once you begin importing your wallets, that is what the dashboard will begin taking a look at (picture credit score: Koinly):

Importing wallets, trade APIs, and extra

Koinly helps a large vary of each exchanges and Web3 wallets you could import. All it’s essential do is click on on Wallets (situated on the high navigation menu), and then choose the platform you want to import.

From there, observe the directions as to how one can import knowledge from the chosen venue. Some of those would require an API key, however Koinly does an amazing job of exhibiting you how one can receive that. Others, reminiscent of Web3 wallets, will solely require you to enter your pockets handle.

Supported Platforms

As talked about above, Koinly gives help for integrating just about all the main names. In phrases of centralized exchanges, these embody:

• Coinbase
• Kraken
• Binance
• KuCoin
• Crypto.com
• Revolut
• Nexo, and extra.

When it involves importing your Web3 wallets, Koinly works with:

• MetaMask
• Phantom
• Ledger
• Trezor, and many extra.

All in all, the supported platforms are plentiful and likelihood is that you will discover the protocol you employ to be on the listing.

Core Features & Integrations

Quick abstract: Koinly automates crypto tax monitoring and reporting by permitting you to import transactions from greater than 700 exchanges and wallets. It can match inside transfers, observe portfolio efficiency, recommend real-time insights, and generate tax studies for greater than 100 jurisdictions. It integrates with QuickBooks and Xero.

Core Features

Automated Transaction Import and Wallet Syncing

I briefly touched the subject of importing wallets and exchanges above, so let’s increase. Koinly aggregates transactions mechanically from greater than 900 exchanges, wallets, in addition to networks by means of easy CSV uploads, API connections, or, frankly, simply copy and pasting your Web3 pockets handle.

It’s able to fetching all occasions – trades, transfers, staking rewards, and airdrops, and it compiles them in an aggregated ledger. This automation is designed to successfully remove the tedious guide knowledge entry, whereas additionally making certain that the report will stay correct and up-to-date throughout all of the platforms you employ.

In reality, that is prone to be the cornerstone of worth that Koinly presents for a lot of the traders.

Who it’s finest for: Active merchants and traders managing a number of exchanges and wallets.

Pros: 

• Broad integration (over 900 platforms)
• Fast API syncing and CSV imports.
• Reliable categorization of your transactions.
• Can save numerous hours of guide knowledge entry.

Cons: 

• Less widespread exchanges can lead to occasional mismatches.
• Complex DeFi transactions should want your guide assessment.

Smart Transfer Matching and Cost Basis Accuracy

Koinly’s algorithm is able to recognizing inside transfers between your wallets. It can mark them as non-taxable occasions.

By matching on-chain info, asset quantities, and timestamps, it might protect the continuity of your price foundation throughout your entire accounts. This can forestall many capital-gain errors.

The system can be able to flagging duplicate or unmatched transactions and submitting them for assessment. This gives each management and transparency. If you’re transferring property often between self-custodial wallets and custodial options, this characteristic can are available very useful.

Who it’s finest for: Traders and long-term holders who handle many wallets and exchanges and transact often between them.

Pros: 

• Prevents false taxable occasions.
• Flags inconsistencies mechanically.
• Can preserve an correct price foundation throughout platforms.
• Works throughout self-custodial and custodial apps.

Cons: 

• Some switch matches rely closely on timing precision.
• Rare token transfers would possibly require guide correction.

Portfolio Tracking and Real-Time Insights

As you noticed above, Koinly additionally gives a really simplistic but highly effective dashboard. It consolidates all of your holdings in real-time, shows your present portfolio worth, allocations, and each realized and unrealized positive factors.

There are additionally historic charts that visualize your efficiency tendencies and ROI throughout a number of exchanges, wallets, and blockchains.

If you’re an energetic investor, this can be utilized as a really strategic software to make data-drive choices. At the identical time, if you’re HODLing for the long term, it is a very clear record-keeping and auditing software.

Who it’s finest for: Active and passive traders in search of additional visibility into the efficiency of their property throughout a number of platforms.

Pros:

• Clear, very user-friendly visible dashboard.
• Combines each funding and tax analytics.
• Supports monitoring of a number of cryptocurrencies.
• It may also help you establish alternatives for revenue and/or loss.

Cons:

• Advanced options on the charting instruments are restricted.
• Performance metrics rely on knowledge syncs.

Global Tax Report Generation

Koinly can generate extremely detailed studies tailor-made to the necessities of over 20 totally different jurisdictions. Reports embody U.S. Form 8949 and Schedule D, HMRC Capital Gains Summaries, and numerous different regional codecs.

You may also be capable to export CSV or PDF information in your accountants or import knowledge into submitting software program (extra on that later).

For the supported jurisdictions, Koinly’s compliance engine mechanically applies native cost-basis guidelines (FIFO, LIFO, HIFO, and so forth) to make sure accuracy.

*Note: making use of the optimum cost-basis rule is crucial and among the finest methods to decrease your crypto taxes.

Who it’s finest for: Individuals or entities submitting in a number of or regulated jurisdictions.

Pros: 

• Koinly has region-specific tax templates.
• Supports main accounting requirements.
• The transaction path is audit-friendly.
• Can deal with comparatively complicated achieve/loss eventualities.

Cons: 

• The studies for smaller jurisdictions could also be restricted or non-existent.
• Advanced customers should want customized exports.

Support for DeFi, NFT, and Multiple Assets

One of the issues that I preferred about Koinly is that it acknowledges and can course of transactions from numerous DeFi protocols, staking, lending, and additionally from NFT marketplaces.

It can distinguish between taxable revenue (e.g. staking rewards), and totally different capital occasions, reminiscent of swaps and gross sales.

This permits Koinly to supply very correct classification, however I extremely suggest that you just double-check its findings as a result of extra complicated DeFi transactions might require guide verification every so often.

Who it’s finest for: DeFi energy customers, NFT merchants, and yield farmers with complicated portfolios.

Pros:

• Covers DeFi, staking, and NFTs.
• Can observe rewards and yield occasions considerably precisely.
• Adapts to new protocols in time.

Cons:

• Complex transactions might require guide verification and tagging.
• NFT pricing accuracy can differ by supply.

Integrations

Koinly may be straight built-in with QuickBooks and Xero. This will permit you to export categorized crypto transactions into these highly effective bookkeeping instruments.

These integrations can streamline workflows for accountants and companies, however I’ve discovered that, as a person, I’ve little use for them. Still, it makes Koinly a extra full resolution concentrating on each common particular person customers in addition to companies.

Pricing Plans

When choosing a crypto tax software, naturally, at one level, it should doubtless come right down to pricing. After all, Koinly could also be the perfect in what it does in some ways, but when it’s too far out of your pocket, it’s simply not price it.

That mentioned, the workforce has accomplished an excellent job of modulating their pricing tier, and I can confidently say that you’ll doubtless be capable to discover a plan that matches your wants. Let’s break them down.

Free Plan

Cost: $0 per tax yr. 

This one means that you can import transactions (from many exchanges, wallets, and networks) and preview your capital positive factors and losses without cost. If you wish to generate any kind of report, nonetheless, you have to to improve to a paid plan.

Best for: Beginners or informal crypto customers who’re simply dipping their toes into utilizing a crypto tax software program and wish to take a look at a few of Koinly’s fundamental capabilities.

“Newbie” Plan

Cost: $49 per tax yr.

This one covers as much as 100 transactions per tax yr. It additionally options limitless imports of wallets and exchanges, full portfolio monitoring, tax studies (Form 8949 and worldwide studies), and gives help for DeFi and margin buying and selling, amongst different options.

Best for: Casual traders or long-term traders who make only a few taxable trades per yr and are searching for a complete tax report obtain with out pointless complexities.

“Hodler” Plan

Cost: $99 per tax yr.

This plan options the whole lot the Newbie plan has to supply however helps as much as 1,000 transactions. It also can generate studies for main jurisdictions, audit-trail reporting, and extra.

Best for: More energetic traders and informal merchants who execute lots of of trades or transfers each year.

“Trader” Plan

Cost: $199 per tax yr (worth may change relying on quantity)

This one helps 3,000 or extra transactions per yr and the value can change if that quantity is surpassed considerably. It options the whole lot the above plans have to supply but in addition presents the choice for customized options for energy merchants.

Best for: High-frequency merchants, skilled crypto merchants, or traders with giant and multi-platform portfolios with complicated actions reminiscent of staking, DeFi, NFTs, and whatnot.

Custom Package

Koinly stays versatile sufficient to maintain an choice for making a customized bundle primarily based in your particular wants. To make the most of it, you’ll have to get in contact with the workforce straight by means of their web site.

My tackle Koinly’s pricing: Chances are that the broad majority of you’re doubtless going to fall inside the “Hodler” pricing plan. However, I might strongly suggest beginning by testing Koinly by means of its free plan. Only proceed with a paid plan for those who benefit from the interface and discover it simple to function.

Performance, Reliability & Support

Performance

In phrases of efficiency, Koinly typically does very effectively, particularly in relation to dealing with giant volumes of crypto transactions.

Many customers report easy knowledge imports and correct calculations. This is particularly true if you’re importing transactions from a serious trade or a widely known Web3 pockets, the place the supported APIs are typically stable.

In addition, Koinly is ready to consolidate holdings throughout lots of of exchanges and wallets, which may be very handy not only for correct portfolio monitoring however for extra exact tax reporting.

On the flipside, as I’ve talked about a number of occasions on this assessment already, extra complicated DeFi transactions might require extra guide verification.

Reliability

Koinly is taken into account very dependable, and the person suggestions right here is overwhelmingly optimistic. In my very own expertise, I’ve discovered the software program to be extremely constant in its options. Its interface may be very easy, and that’s normally the place the muse of reliability comes from.

The tax report era may be very constant and it makes the method of filing your crypto taxes lots smoother, downright deleting a ton of guide knowledge entry.

Support

Customer help is a crucial a part of any good service, and Koinly does an excellent job of creating certain that its customers obtain fast and correct assist each time they want it.

According to Trustpilot, Koinly boasts a rating of 4.6/5 primarily based on a whopping 2200 opinions, which may be very spectacular.

Koinly Pros and Cons

Pros:

• Broad integration and automated imports: Koinly helps lots of of exchanges, wallets, and blockchains. You can import knowledge mechanically by way of CSV or API.
• User-friendly interface: The total person interface may be very simple to navigate, while additionally offering highly effective capabilities for each rookies and skilled customers.
• Comprehensive tax-reporting throughout jurisdictions: The software program can generate tax-compliant studies for greater than 20 international locations.
• Real-time insights: Koinly’s portfolio-tracking dashboard makes it very simple so that you can observe your efficiency in real-time and obtain well timed insights.
• Very robust buyer help: The workforce does an amazing job in providing robust and well timed help to its customers.

Cons:

• Manual enter should be wanted often: For extra complicated DeFi transactions, it’s really helpful that you just manually confirm and right transactions if wanted.
• Support for some jurisdictions is much less mature: Despite the broad worldwide help, the software program gives little or no help for some smaller jurisdictions.
• Lacks a two-factor authenticator: Koinly doesn’t have a 2FA for no matter purpose.

Koinly Alternatives & Comparison

There’s a broad vary of very good crypto tax software solutions on the market. While Koinly does an amazing job in a whole lot of totally different areas, it’s all the time essential to contemplate the alternate options.

Notable alternate options to Koinly, that are additionally extremely praised by their customers embody CoinLedger, CoinTracker, CryptoTaxCalculator, and TokenTax.

Find a extra detailed breakdown and comparability within the following chart:

Frequently Asked Questions

Is Koinly secure to make use of?

Yes, Koinly is a secure and safe platform to make use of. At no level is the platform in charge of any of your funds, and you by no means forfeit entry to them. Koinly simply sees your balances and transaction historical past to calculate taxable positive factors and revenue.

Is the Koinly tax report correct?

Yes, for essentially the most half, Koinly’s tax studies are very correct. However, complicated DeFi transactions might require guide verification.

Does HMRC settle for Koinly?

Koinly can put together HMRC-ready studies. It additionally integrates with QuickBooks and Xero for full reporting capabilities.

Is Koinly free to make use of?

Koinly has a free plan. It means that you can import transactions, join exchanges, wallets, and community knowledge. However, producing studies requires an improve to a paid plan.

Is Koinly appropriate for rookies?

Yes, Koinly is appropriate for rookies. Its person interface may be very simple to make use of and navigate, offering a seamless expertise for each rookies and veteran customers.

Conclusion: is Koinly the Best Crypto Tax Software?

Yes, Koinly is the perfect crypto tax software program. It covers a variety of transactions whereas offering fast and correct reporting. Its dashboard gives portfolio-tracking capabilities throughout all of its supported integrations, whereas additionally providing real-time insights, permitting you to optimize your technique on the go primarily based on the potential tax implications. The buyer help is superb, which means that for those who ever encounter any challenges, somebody from the workforce will assist you to out in a well timed method. It additionally integrates with well-liked bookkeeping software program, making it a superb selection for people, but in addition for companies.

The publish Koinly Review 2025: Pricing, Plans, and Features appeared first on CryptoPotato.