Koinly Review 2025: Pricing, Plans, and Features

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

Koinly is without doubt one of the hottest crypto tax software program, aiming to simplify reporting via automation, accuracy, and broad help for numerous platforms.

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

On this overview, I’ll take a more in-depth take a look at Koinly’s capabilities, limitations, and assess its total reliability. On the finish of it, it is possible for you to to find out if Koinly is the proper crypto tax software for you.

Key Takeaways:

• Koinly automates the method of calculating cryptocurrency taxes and consolidates information from exchanges, wallets, and numerous blockchain platforms.
• It helps greater than 20,000 cryptocurrencies, tons 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 advanced cross-chain transactions or DeFi participation should require further guide overview.
• The crypto tax software program can generate paperwork resembling Type 8949, Schedule D, and country-specific summaries.

Don’t wait until tax season. Get your crypto tax estimate now with Koinly.

The Verdict

Koinly is without doubt one of the finest crypto tax software program obtainable in 2025. It gives a number of pricing tiers, appropriate for all sorts of customers from novices to skilled merchants and companies. 1000’s of buyer critiques specific long-term satisfaction with its efficiency, reliability, and help.

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

Ranking:

4.9/5

• Helps 20,000+ cryptocurrencies and 900+ exchanges
• Correct, automated tax reporting for 20+ jurisdictions
• Straightforward to make use of interface, perfect for novices
• Integrates with QuickBooks & Xero
• Sturdy buyer help (Trustpilot 4.6/5)

• Complicated DeFi transactions may have guide overview
• Restricted help for smaller jurisdictions
• No two-factor authentication

Onboarding & Consumer Expertise

Fast abstract: Creating an account with Koinly is simple and fast. You’ll be able to register along with your present Gmail consumer. The interface is user-friendly and appropriate for novices. Organising the platform to work based mostly in your native necessities can be easy. You’ll be able to import transaction information from tons of of Web3 wallets and exchanges via a CSV or with an API key. 

Creating an account

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

After getting your account registered, I strongly advocate that you just go and take a look at a couple of settings.

Go to Settings -> Tax Information, and fill in your data. This can come in useful once you begin doing all your taxes and producing experiences.

After that, when you have employed an accountant, you can provide them entry if mandatory. Go to Workforce -> Invite, and add them via their e mail.

Be sure that to overview the month-to-month subscription plans, however I’ll dive deeper into every considered one of them a bit later on this overview.

Localization settings

After getting your account arrange, it’s time to regulate your localization settings. To take action, go to Settings -> Portfolio, and from there modify your base forex, residence 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.

Be aware the few verify marks on the backside. That is jurisdiction-specific, however for the US, regulators are treating crypto acquired via airdrops, forks, mining, and staking rewards as revenue. If that’s not the case in your nation, verify them off.

Interface, dashboards, accessibility

The interface is intuitive and presents all the mandatory data, supplied you’ve accomplished your pockets and/or change integrations (see the subsequent step beneath).

That is what the dashboard appears like initially, earlier than you begin importing your wallets. As you possibly can see, there are indicators for a way a lot cash you will have put in, how a lot you will have withdrawn, your revenue, bills, buying and selling charges, realized positive aspects, and extra.

When you begin importing your wallets, that is what the dashboard will begin (picture credit score: Koinly):

Importing wallets, change APIs, and extra

Koinly helps an enormous vary of each exchanges and Web3 wallets that you may import. All you want to do is click on on Wallets (positioned on the high navigation menu), after which choose the platform you want to import.

From there, observe the directions as to how you can import information from the chosen venue. A few of these would require an API key, however Koinly does an amazing job of exhibiting you how you can get hold of that. Others, resembling 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. When it comes to centralized exchanges, these embrace:

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

On the subject of importing your Web3 wallets, Koinly works with:

• MetaMask
• Phantom
• Ledger
• Trezor, and plenty of extra.

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

Core Options & Integrations

Fast abstract: Koinly automates crypto tax monitoring and reporting by permitting you to import transactions from greater than 700 exchanges and wallets. It might probably match inside transfers, monitor portfolio efficiency, counsel real-time insights, and generate tax experiences for greater than 100 jurisdictions. It integrates with QuickBooks and Xero.

Core Options

Automated Transaction Import and Pockets 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 via 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 get rid of the tedious guide information entry, whereas additionally guaranteeing that the document will stay correct and up-to-date throughout all of the platforms you employ.

In reality, that is more likely to be the cornerstone of worth that Koinly presents for many of the traders.

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

Execs: 

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

Cons: 

• Much less frequent exchanges may end up in occasional mismatches.
• Complicated DeFi transactions should want your guide overview.

Sensible Switch Matching and Value Foundation Accuracy

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

By matching on-chain data, asset quantities, and timestamps, it could actually protect the continuity of your value foundation throughout all your accounts. This could stop many capital-gain errors.

The system can be able to flagging duplicate or unmatched transactions and submitting them for overview. This supplies each management and transparency. In the event you’re shifting belongings ceaselessly between self-custodial wallets and custodial options, this function can are available very useful.

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

Execs: 

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

Cons: 

• Some switch matches rely closely on timing precision.
• Uncommon token transfers may require guide correction.

Portfolio Monitoring and Actual-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 aspects.

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

In the event you’re an energetic investor, this can be utilized as a really strategic software to make data-drive selections. On the similar time, if you’re HODLing for the long run, it is a very clear record-keeping and auditing software.

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

Execs:

• Clear, very user-friendly visible dashboard.
• Combines each funding and tax analytics.
• Helps monitoring of a number of cryptocurrencies.
• It might probably show you how to establish alternatives for revenue and/or loss.

Cons:

• Superior options on the charting instruments are restricted.
• Efficiency metrics rely on information syncs.

International Tax Report Era

Koinly can generate extremely detailed experiences tailor-made to the necessities of over 20 completely different jurisdictions. Reviews embrace U.S. Type 8949 and Schedule D, HMRC Capital Features Summaries, and numerous different regional codecs.

Additionally, you will have the ability to export CSV or PDF recordsdata on your accountants or import information 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 on) to make sure accuracy.

*Be aware: making use of the optimum cost-basis rule is vital and the most effective methods to decrease your crypto taxes.

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

Execs: 

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

Cons: 

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

Assist for DeFi, NFT, and A number of Belongings

One of many issues that I preferred about Koinly is that it acknowledges and may course of transactions from numerous DeFi protocols, staking, lending, and in addition from NFT marketplaces.

It might probably distinguish between taxable revenue (e.g. staking rewards), and completely different capital occasions, resembling swaps and gross sales.

This enables Koinly to supply very correct classification, however I extremely advocate that you just double-check its findings as a result of extra advanced DeFi transactions might require guide verification once in a while.

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

Execs:

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

Cons:

• Complicated transactions might require guide verification and tagging.
• NFT pricing accuracy can fluctuate by supply.

Integrations

Koinly will be immediately built-in with QuickBooks and Xero. This can will let you 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. Nonetheless, it makes Koinly a extra full resolution focusing on each common particular person customers in addition to companies.

Pricing Plans

When choosing a crypto tax software, naturally, at one level, it’ll seemingly come right down to pricing. In spite of everything, Koinly could also be the very best in what it does in some ways, but when it’s too far out of your pocket, it’s simply not value it.

That stated, the workforce has finished job of modulating their pricing tier, and I can confidently say that you’ll seemingly have the ability to discover a plan that matches your wants. Let’s break them down.

Free Plan

Value: $0 per tax yr. 

This one means that you can import transactions (from many exchanges, wallets, and networks) and preview your capital positive aspects and losses free of charge. If you wish to generate any type of report, nevertheless, you will want to improve to a paid plan.

Greatest for: Newcomers or informal crypto customers who’re simply dipping their toes into utilizing a crypto tax software program and need to take a look at a few of Koinly’s primary capabilities.

“Beginner” Plan

Value: $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 experiences (Type 8949 and worldwide experiences), and gives help for DeFi and margin buying and selling, amongst different options.

Greatest for: Informal traders or long-term traders who make only a few taxable trades per yr and are on the lookout for a complete tax report obtain with out pointless complexities.

“Hodler” Plan

Value: $99 per tax yr.

This plan options every part the Beginner plan has to supply however helps as much as 1,000 transactions. It might probably additionally generate experiences for main jurisdictions, audit-trail reporting, and extra.

Greatest for: Extra energetic traders and informal merchants who execute tons of of trades or transfers every year.

“Dealer” Plan

Value: $199 per tax yr (value might change relying on quantity)

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

Greatest for: Excessive-frequency merchants, skilled crypto merchants, or traders with giant and multi-platform portfolios with advanced actions resembling staking, DeFi, NFTs, and whatnot.

Customized Package deal

Koinly stays versatile sufficient to maintain an choice for making a customized package deal based mostly in your particular wants. To benefit from it, you’ll have to get in contact with the workforce immediately via their web site.

My tackle Koinly’s pricing: Likelihood is that the broad majority of you might be seemingly going to fall inside the “Hodler” pricing plan. Nevertheless, I might strongly advocate beginning by testing Koinly via its free plan. Solely proceed with a paid plan when you benefit from the interface and discover it simple to function.

Efficiency, Reliability & Assist

Efficiency

When it comes to efficiency, Koinly typically does very properly, particularly in relation to dealing with giant volumes of crypto transactions.

Many customers report clean information imports and correct calculations. That is very true if you’re importing transactions from a serious change or a well known Web3 pockets, the place the supported APIs are typically stable.

As well as, Koinly is ready to consolidate holdings throughout tons 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 couple of instances on this overview already, extra advanced DeFi transactions might require further guide verification.

Reliability

Koinly is taken into account very dependable, and the consumer suggestions right here is overwhelmingly constructive. 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 often the place the inspiration of reliability comes from.

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

Assist

Buyer help is a vital 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.

In accordance with Trustpilot, Koinly boasts a rating of 4.6/5 based mostly on a whopping 2200 critiques, which may be very spectacular.

Koinly Execs and Cons

Execs:

• Broad integration and automatic imports: Koinly helps tons of of exchanges, wallets, and blockchains. You’ll be able to import information mechanically by way of CSV or API.
• Consumer-friendly interface: The general consumer interface may be very simple to navigate, while additionally offering highly effective capabilities for each novices and skilled customers.
• Complete tax-reporting throughout jurisdictions: The software program can generate tax-compliant experiences for greater than 20 international locations.
• Actual-time insights: Koinly’s portfolio-tracking dashboard makes it very simple so that you can monitor 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:

• Guide enter should be wanted often: For extra advanced DeFi transactions, it’s really useful that you just manually confirm and proper transactions if wanted.
• Assist for some jurisdictions is much less mature: Regardless of 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 motive.

Don’t wait until tax season. Get your crypto tax estimate now with Koinly.

Koinly Alternate options & Comparability

There’s a broad vary of very good crypto tax software solutions on the market. Whereas Koinly does an amazing job in plenty of completely different areas, it’s all the time necessary to think about the options.

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

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

Incessantly Requested Questions

Is Koinly secure to make use of?

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

Is the Koinly tax report correct?

Sure, for probably the most half, Koinly’s tax experiences are very correct. Nevertheless, advanced DeFi transactions might require guide verification.

Does HMRC settle for Koinly?

Koinly can put together HMRC-ready experiences. 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 information. Nevertheless, producing experiences requires an improve to a paid plan.

Is Koinly appropriate for novices?

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

Conclusion: is Koinly the Greatest Crypto Tax Software program?

Sure, Koinly is the very best crypto tax software program. It covers a variety of transactions whereas offering fast and correct reporting. Its dashboard supplies portfolio-tracking capabilities throughout all of its supported integrations, whereas additionally providing real-time insights, permitting you to optimize your technique on the go based mostly on the potential tax implications. The client help is superb, that means that when you ever encounter any challenges, somebody from the workforce will show you how to out in a well timed method. It additionally integrates with in style bookkeeping software program, making it a superb alternative for people, but in addition for companies.