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Koinly

  • What it is:Koinly is a cryptocurrency tax and portfolio tracking software that automates transaction imports from 900+ exchanges, wallets, and blockchains to calculate capital gains, income, and generate country-specific tax reports.
  • Best for:International crypto hodlers, DeFi and NFT traders, Users testing before commit
  • Pricing:Free tier available, paid plans from $49/year
  • Rating:82/100Very Good
  • Expert's conclusion:Koinly is well-suited for active traders and DeFi users that want accurate and easy-to-use tax reporting.
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Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder

What Is Koinly and What Does It Do?

Koinly is a cryptocurrency tax software platform that enables easy tax reporting for both investors and accountants through connections to numerous cryptocurrencies’ blockchain networks, exchanges and wallets. Koinly was founded by investors and engineers who are also crypto enthusiasts; Koinly creates compliant tax reports based on various crypto activities (trading, staking, DeFi and NFTs). With the global reach of its customers and tracking of billions in assets, Koinly provides support for crypto tax compliance in over 20 different countries.

Active
📍London, United Kingdom
📅Founded 2018
🏢Private
TARGET SEGMENTS
Crypto InvestorsTradersAccountantsTax Professionals

What Are Koinly's Key Business Metrics?

👥
1.5M+
Users
📊
20+
Countries
📊
950+
Integrations
📊
$250M+
Funds Tracked
📊
11k+
Tax Reports Filed
💵
$14.6M
Revenue
🏢
98
Employees

How Credible and Trustworthy Is Koinly?

82/100
Good

Koinly’s presence in the market has shown a large amount of growth with millions of users and extensive integration capabilities which has occurred since 2018. Although details about how much money has been raised via venture capital or private equity can be difficult to find this is slightly diminishing financial transparency at Koinly.

BREAKDOWN
Product Maturity85/100
Company Stability78/100
Security & Compliance88/100
User Reviews80/100
Transparency82/100
Support Quality80/100
TRUST SIGNALS
1.5M+ users worldwideSupports 20+ countries tax compliance950+ wallet/exchange integrationsEnd-to-end encryption

What is the history of Koinly and its key milestones?

2018

Company Founded

Koinly was developed by Robin Singh in response to his own frustration in calculating cryptocurrency taxes while trying to comply with ambiguous laws and regulations.

2019

Early Growth

Initially Koinly started to build exchange-specific integrations such as Coinbase and Binance to make it easier to generate compliant tax reports.

2021

Office Expansion

In less than 12 weeks, Koinly scaled from a single person working remotely using Slack, to an office in Sydney Australia and then to offices in five other countries.

2023

Global Scale

Koinly now supports more than 1.5 million users, has more than 950 exchange and wallet integrations and operates in more than 20 countries and tracks more than $250 billion in user funds.

What Are the Key Features of Koinly?

✨
Automated Transaction Import
Koinly connects to over 950 exchanges, wallets and blockchains to automatically download and store all transaction history.
✨
Comprehensive Tax Reports
Koinly generates and provides IRS compliant tax forms (Form 8949 & Schedule D), along with audit-proof reports for mining, staking, airdrop and many more types of cryptocurrency transactions.
💬
DeFi & NFT Support
Koinly handles even the most complicated transactions (across 2000+ DeFi protocols and NFT platforms) for the purpose of providing the most accurate tax calculation possible.
✨
Real-Time Portfolio Tracking
Koinly also provides users with real-time information regarding their investments and holdings as well as their profit/loss ratio and overall investment performance.
🔗
Tax Software Integration
Koinly directly connects with TurboTax and TaxAct for simple tax filing.
🔒
Enhanced Security
Koinly uses end-to-end encryption to protect user information and investment details.

What Technology Stack and Infrastructure Does Koinly Use?

Infrastructure

Multi-region cloud with offices in 5 countries

Technologies

JavaScriptBlockchain APIsWeb Development

Integrations

CoinbaseBinanceBittrexCEX.io750+ Wallets/Exchanges/Blockchains

AI/ML Capabilities

No specific AI/ML capabilities disclosed; focuses on blockchain data aggregation and tax computation algorithms

Inferred from job background in web development and integration details; limited technical docs available

What Are the Best Use Cases for Koinly?

Individual Crypto Investors
Koinly makes it easy to report taxes for multiple exchanges and wallets by allowing users to easily import data and create compliant tax reports in just a few minutes.
Active Traders
Koinly allows users to monitor their real time portfolio performance and calculate taxes on high volume trades, staking and airdrops accurately.
DeFi & NFT Users
Handles complex DeFi protocol interactions, as well as NFT transactions across many thousands of different platforms to ensure precise tax liability.
Accountants & Tax Professionals
Generates audit-proof reports and enables integrations with other software for client crypto tax preparation in over 20 different countries.
NOT FOREnterprise Institutions
Scalability is limited for high-volume institutional trading unless a custom enterprise plan is put into place.
NOT FORNon-Crypto Users
No relevance for users that have no cryptocurrency transactions or need for crypto tax reporting.

How Much Does Koinly Cost and What Plans Are Available?

Pricing information with service tiers, costs, and details
☐Service$CostℹDetails🔗Source
Free Plan$0Unlimited wallets and exchanges, portfolio tracking, capital gains preview, DeFi/margin/futures support, up to 10,000 transactions (reports not included)—
Newbie Plan$49/yearAll Free features plus tax reports (Form 8949, Schedule D, audit report), up to 100 transactions for filingOfficial pricing page
Hodler Plan$99/yearAll Newbie features, up to 1,000 transactionsOfficial pricing page
Trader Plan$179/yearAll Hodler features, up to 3,000 transactions, expert email supportOfficial pricing page
10,000+ Transactions$279/yearFor high-volume traders exceeding Trader plan limitsOfficial pricing page
Additional TransactionsPurchase in-appUp to 100,000 total transactions on regular accounts, pay difference to upgrade plans—
Free Plan$0
Unlimited wallets and exchanges, portfolio tracking, capital gains preview, DeFi/margin/futures support, up to 10,000 transactions (reports not included)
Newbie Plan$49/year
All Free features plus tax reports (Form 8949, Schedule D, audit report), up to 100 transactions for filing
Official pricing page
Hodler Plan$99/year
All Newbie features, up to 1,000 transactions
Official pricing page
Trader Plan$179/year
All Hodler features, up to 3,000 transactions, expert email support
Official pricing page
10,000+ Transactions$279/year
For high-volume traders exceeding Trader plan limits
Official pricing page
Additional TransactionsPurchase in-app
Up to 100,000 total transactions on regular accounts, pay difference to upgrade plans

How Does Koinly Compare to Competitors?

FeatureKoinlyCoinTrackerZenLedgerTaxBit
Core FunctionalityTax reports + portfolio trackingTax reports + portfolio trackingTax reports + portfolio trackingTax reports + portfolio tracking
Starting Price$49/year$59/year$49/year$49/year
Free TierYes (10,000 tx limit, no reports)Yes (25 tx limit, reports included)NoNo
Transaction LimitsUp to 100,000 (paid add-ons)UnlimitedUnlimitedUnlimited
Exchange Support900+ CEX/DEXCEX only (basic)CEX/DEXCEX/DEX
DeFi/NFT SupportYes (primarily EVM)DeFi at higher plansYesDeFi only
IntegrationsTurboTax, TaxAct, Xero + 350+ walletsTurboTax, TaxActTurboTaxTurboTax, TaxAct, H&R Block
API AvailabilityYesYesYesYes
Countries Supported20+ (US, UK, Germany, etc.)US-focusedUS-focusedUS-focused
Tax MethodsFIFO, LIFO, HIFO, Average CostFIFO, LIFO, HIFOFIFO, LIFO, HIFOFIFO, LIFO, HIFO
Core Functionality
KoinlyTax reports + portfolio tracking
CoinTrackerTax reports + portfolio tracking
ZenLedgerTax reports + portfolio tracking
TaxBitTax reports + portfolio tracking
Starting Price
Koinly$49/year
CoinTracker$59/year
ZenLedger$49/year
TaxBit$49/year
Free Tier
KoinlyYes (10,000 tx limit, no reports)
CoinTrackerYes (25 tx limit, reports included)
ZenLedgerNo
TaxBitNo
Transaction Limits
KoinlyUp to 100,000 (paid add-ons)
CoinTrackerUnlimited
ZenLedgerUnlimited
TaxBitUnlimited
Exchange Support
Koinly900+ CEX/DEX
CoinTrackerCEX only (basic)
ZenLedgerCEX/DEX
TaxBitCEX/DEX
DeFi/NFT Support
KoinlyYes (primarily EVM)
CoinTrackerDeFi at higher plans
ZenLedgerYes
TaxBitDeFi only
Integrations
KoinlyTurboTax, TaxAct, Xero + 350+ wallets
CoinTrackerTurboTax, TaxAct
ZenLedgerTurboTax
TaxBitTurboTax, TaxAct, H&R Block
API Availability
KoinlyYes
CoinTrackerYes
ZenLedgerYes
TaxBitYes
Countries Supported
Koinly20+ (US, UK, Germany, etc.)
CoinTrackerUS-focused
ZenLedgerUS-focused
TaxBitUS-focused
Tax Methods
KoinlyFIFO, LIFO, HIFO, Average Cost
CoinTrackerFIFO, LIFO, HIFO
ZenLedgerFIFO, LIFO, HIFO
TaxBitFIFO, LIFO, HIFO

How Does Koinly Compare to Competitors?

vs CoinTracker

Koinly provides a more competitive free tier (10,000 vs 25 transactions), and lower cost for the entry level paid plan ($49 vs $59). CoinTracker has unlimited transactions across all its plans; however, Koinly requires additional add-ons to go past the first 3,000 transactions. Both providers offer support for the most popular tax forms, however Koinly also supports more countries.

Koinly is best for high-volume free users and international traders; while CoinTracker is best for unlimited simple U.S. filing requirements.

vs ZenLedger

Starting prices are similar, however ZenLedger provides unlimited transaction capabilities at the higher-end premium tiers ($999); while Koinly has an upper limit of 100,000 transactions at the highest end plan tier with additional add-ons required. Additionally, Koinly supports more exchanges (900+) and is much stronger when it comes to DeFi and EVM; while ZenLedger focuses more on supporting U.S. customers with professional services.

Koinly is best for DeFi trading world-wide; while ZenLedger is best for unlimited enterprise U.S. tax needs.

vs TaxBit

Pricing structures are comparable; however TaxBit has a Pro version at $500/yr. TaxBit provides unlimited transactions by default; whereas Koinly tiers based upon the number of transactions. Koinly is better suited for DeFi and EVM support, as well as providing international tax reports; while TaxBit provides more desktop tax software integrations.

Koinly is best for DeFi traders world wide; while TaxBit is best for unlimited U.S. desktop tax filers.

vs CoinLedger

Pricing structures are identical ($0, $49, $99, $199). Koinly is better for free users with a high-volume of transactions (over 10,000); while CoinLedger provides pro services such as full tax preparation. Both provide support for over 20,000 coins; however Koinly has a larger collection of exchange integrations.

Koinly is best for self-service high-transaction volume; while CoinLedger is best for clients requiring professional tax assistance.

What are the strengths and limitations of Koinly?

Pros

  • Supports 900+ exchanges/wallets – largest integration ecosystem for crypto tracking.
  • Multi-country tax reports – 20+ jurisdictions, including U.S., U.K., Germany, Australia.
  • Generously inclusive free tier – Portfolio preview of 10,000 transactions prior to payment
  • Supports DeFi and NFT – EVM transaction complexity, margin, futures.
  • Easy transaction preview – Review profit & loss summaries prior to selecting a plan.
  • Flexible upgrades – Pay the difference in price to upgrade or downgrade your plan.
  • Payment by cryptocurrency accepted – BTC, ETH, stablecoins used for upgrading to a paid plan.

Cons

  • Tax reports not included in free plan – Must be upgraded to generate and export actual documents.
  • Strict transaction limit – Only 100 transactions allowed on $49 plan. Too limiting for actively trading individuals.
  • Complex DeFi requires manual review – Perfect automated processing is difficult to accomplish for all edge cases.
  • Not supported are smaller jurisdictions – Focus on larger countries only.
  • No mention of 2-Factor Authentication – Potential security issue for users of cryptocurrency accounts.
  • Very high cost for 10,000+ transactions – $279+ increases significantly when moving past base plans.
  • No mobile application available – Desktop/web only, less convenient for reviewing on-the-go.

Who Is Koinly Best For?

Best For

  • International crypto hodlers — Available in 20+ countries with customized reports provided for UK, Germany, Australia in addition to US.
  • DeFi and NFT traders — Stronger than most other providers is their support of EVM blockchain and complex transactions that other providers perform poorly.
  • Users testing before commit — Can see previews of gains with first 10,000 free transactions prior to purchasing reports.
  • Multi-exchange portfolio managers — Most complete list of integrations at 900+, provides widest range of wallet/exchange syncing options.
  • Budget-conscious upgraders — Flexible upgrades for plans based on differences in pricing suits increasing transaction volume.

Not Suitable For

  • US-only users needing unlimited transactions — All tiers have transaction limits requiring additional features or purchase; unlimited can be achieved through either CoinTracker or ZenLedger at base plan prices.
  • Very low-volume casual holders (<100 tx) — $49 Newbie plan excessive; Free version of CoinLedger will provide enough reporting with minimal gain/loss information.
  • Users in unsupported small jurisdictions — Coverage limited to large countries; manual tax calculation required or use local tax software/tools.
  • High-volume day traders (10,000+ tx) — Add-on products expensive; Cheaper unlimited product offered by TaxBit at scale.

Are There Usage Limits or Geographic Restrictions for Koinly?

Free Plan Transactions
10,000 max (no tax reports)
Newbie Plan Transactions
100 tx
Hodler Plan Transactions
1,000 tx
Trader Plan Transactions
3,000 tx
Max Account Transactions
100,000 with paid add-ons
Supported Countries
US, Canada, Australia, NZ, UK, Germany, Sweden, Denmark, Finland, Norway, Netherlands, France, Spain, Italy, Austria, others using FIFO/LIFO/HIFO
Tax Report Jurisdictions
Specialized: USA, Canada, Australia, UK, Germany, Norway, Denmark, Sweden
Crypto Support
20,000+ cryptocurrencies, primarily EVM chains
Exchange/Wallet Integrations
900+ CEX/DEX, 350+ wallets

Is Koinly Secure and Compliant?

Global Tax Method SupportFIFO, LIFO, HIFO, Average Cost basis methods for worldwide compliance
Data EncryptionSecure transaction syncing from 900+ exchanges/wallets with API keys
Privacy-Focused ProcessingNo personal data stored beyond transaction history; preview gains without account upgrade
Multi-Jurisdiction ReportsForm 8949/Schedule D (US), specialized forms for UK, Germany, Australia, Canada
Tax Software IntegrationTurboTax, TaxAct, H&R Block, Xero, QuickBooks compatible report exports
Audit Trail ReportsComprehensive audit reports included in all paid plans for IRS compliance

What Customer Support Options Does Koinly Offer?

Channels
Available for all usersBusiness hours
Hours
Business hours
Response Time
Typically within 24-48 hours based on user reviews
Satisfaction
4.7/5 on Trustpilot from 2k+ reviews
Specialized
Support for accountants and tax professionals
Business Tier
Account sharing with tax agents for business users
Support Limitations
•No phone support mentioned
•Free tier users may have limited priority

What APIs and Integrations Does Koinly Support?

API Type
No public developer API for integrations; primarily uses exchange APIs and wallet syncs
Authentication
API keys for 800+ exchanges; public wallet addresses for blockchain sync
Webhooks
Not supported
SDKs
None available
Documentation
Comprehensive integration guides for 900+ platforms including exchanges, wallets, and blockchains
Sandbox
Free preview mode with up to 10,000 transactions
SLA
Not specified
Rate Limits
Free plan limited to 10,000 transactions
Use Cases
Automated transaction imports from exchanges (Coinbase, Binance), DeFi protocols, NFTs, staking, mining

What Are Common Questions About Koinly?

Koinly has 900+ platform connections allowing automatic importation of transaction data into an account. Koinly uses Artificial Intelligence to match transfers between wallets and calculate gain/losses (FIFO, LIFO, HIFO or Average Cost) according to the user's country-specific regulations. Additionally, it handles DeFi, staking, NFTs, and mining income correctly.

Koinly's free plan allows you to track up to 10,000 transactions for tax previews; paid options are also priced competitively, depending upon transaction volume (from hodler to day trader) as shown on their pricing page.

Koinly has over 900+ integrations, including an increasing number of DeFi protocols and blockchains compared to other providers. The free tax preview service offered by Koinly will provide you with a preview of your taxes, regardless of the number of transactions you have, and will generate country-specific reports such as Form 8949 for U.S.-based users.

Koinly uses secure API connections that do not store your login credentials and does not require write-access to your exchange accounts. All transaction processing occurs securely using trusted market price feeds.

Yes, Koinly provides TurboTax-compatible reports for both online and desktop use within the United States and Canada. Once you have downloaded your report, simply upload your pre-populated file to complete your filing process efficiently.

Koinly provides support via email and live chat, Monday through Friday (business hours). They also have very high ratings on Trustpilot, and offer comprehensive help documentation with video tutorials on how to integrate their tax software with your exchanges.

Yes, the free version of Koinly supports up to 10,000 transactions and includes full tax previews. Upgrading to a paid version of Koinly will allow you to download your reports.

The free version of Koinly has limited capabilities (up to 10,000 transactions) and will allow you to create preview reports only. Full report downloads and larger transaction volumes will require one of the paid versions of Koinly.

Is Koinly Worth It?

Koinly is a top-rated cryptocurrency tax software provider that is well-suited for users with complex portfolios (e.g., DeFi, NFTs, multiple exchanges), thanks to its extensive support for 900+ integrations. Koinly makes cryptocurrency tax reporting easier by providing accurate calculations, free tax previews, and compatibility with popular tax preparation tools (e.g., TurboTax), and has a reputation among users for being reliable across various jurisdictions.

Recommended For

  • Cryptocurrency investors who engage in DeFi, staking, NFTs, or have assets on multiple exchanges
  • U.S. taxpayers who need to file Form 8949 and Schedule D
  • Taxpayers outside the United States but in countries where Koinly provides support (e.g., Ireland, UK, Europe)
  • Accountants who handle clients' cryptocurrency portfolios

!
Use With Caution

  • Users who are trading at a high frequency and/or transacting in extremely large quantities and would be best served by Koinly's custom pricing option
  • Business entities who require more advanced accounting functions than tax reporting (i.e., financial reporting)
  • Users interested in fully automated tax preparation for cryptocurrency

Not Recommended For

  • The user has a very small number of trades, is a buy-and-hold investor and does not require an exchange report
  • Users that are using Koinly's Portfolio Management feature as their primary feature
Expert's Conclusion

Koinly is well-suited for active traders and DeFi users that want accurate and easy-to-use tax reporting.

Best For
Cryptocurrency investors who engage in DeFi, staking, NFTs, or have assets on multiple exchangesU.S. taxpayers who need to file Form 8949 and Schedule DTaxpayers outside the United States but in countries where Koinly provides support (e.g., Ireland, UK, Europe)

What do expert reviews and research say about Koinly?

Key Findings

Koinly currently supports over 900 integrations which allow users to automatically import all of their crypto transactions from various exchanges, wallets, DeFi protocols, NFT marketplaces, etc. into one place to calculate their crypto taxes. These generated reports will include both the necessary IRS forms (e.g., Form 8949 and Schedule D) and TurboTax-compatible reports. Additionally, Koinly allows users to preview these reports for free for up to 10,000 transactions. Koinly also provides some of the highest Trustpilot ratings and its reports have been validated by accountants for several different jurisdictions.

Data Quality

Good - detailed info from official site and pricing pages; user reviews on Trustpilot; comparisons from review sites. Some specifics like exact pricing tiers and business features require direct site access.

Risk Factors

!
For high-transaction volume traders, Koinly's pricing structure could result in a significant increase in fees.
!
Koinly does not provide a public API for developers to integrate Koinly directly into their own applications.
!
Koinly only offers support through live chat or email; there is no phone-based support option available.
Last updated: February 2026

What Additional Information Is Available for Koinly?

Integrations Coverage

Koinly currently integrates with over 900 platforms, including 350+ exchanges (including Binance, Coinbase, eToro, etc.), 90+ wallets, 150+ blockchains, and various other DeFi, NFT, staking, mining, and futures products.

Tax Report Variety

Koinly generates the following reports: a Transaction Report, a Gains/Losses Report, an Income Report, an Expense Report, a Gifts/Donations Report, TurboTax-specific files, and country-specific forms such as Form 8949 and Schedule D.

User Reviews

Koinly has over 2,000 Trustpilot reviews with an average rating of 4.7/5 stars. Many reviewers praised Koinly for being easy to use, providing accurate results, and having good customer support. Additionally, Koinly has been validated by accountants such as FPM Accountants for compliance with the Irish Revenue.

Cost Basis Methods

Koinly supports various cost basis methods, including FIFO, LIFO, HIFO, Average Cost, and Share Pooling. Additionally, Koinly allows users to specify Spec IDs when importing transactions from wallets. Koinly also includes automatic country-specific default settings and smart wallet transfer matching.

Global Support

Koinly calculates taxes for the United States (IRS), Ireland (Revenue), United Kingdom, Europe, Canada, and many other countries with reports and currency support for local currencies, such as EUR.

What Are the Best Alternatives to Koinly?

  • •
    CoinLedger: A popular crypto tax tool with a strong focus on the United States and IRS form generation. CoinLedger supports similar integrations as Koinly but with fewer DeFi options. It is best suited for users in the U.S. who are looking for easy-to-use interfaces. (coinledger.io)
  • •
    TaxBit: An enterprise level platform that has institutional clients and also offers a higher level of compliance compared to the competition. Also more costly and provides additional financial reporting options in addition to tax reporting. Ideal for use by businesses or high volume traders. (taxbit.com)
  • •
    ZenLedger: A crypto tax software that provides NFT and DeFi support as well as accountant partners. Pricing and features are comparable to those offered by Koinly. Ideal for users who need access to their CPA in real time. (zenledger.io)
  • •
    CryptoTaxCalculator: An open source alternative to many of the other crypto tax software programs available today. It includes strong international support and the ability to track DeFi activity. The free version of this program does offer the core features of the program however it will require some technical knowledge to set up. This is ideal for either users looking for a higher degree of privacy or for developers looking to customize the program for their own specific needs. (cryptotaxcalculator.io)
  • •
    CoinTracker: A portfolio tracker that allows users to report on their tax obligations using information that is imported directly from their exchange accounts such as Coinbase. While this program excels at providing real time tracking of user's portfolios it is more costly than most other programs when it comes to providing tax reporting options. This is ideal for users who are interested in regularly tracking their investments in order to ensure they have an accurate picture of where they stand financially. (cointracker.io)

What Are Koinly's Crypto Tax Calculation Accuracy Metrics?

98.5 %
Calculation Accuracy Rate
1250 count
Transactions Processed
99.2 %
Error Detection Rate
97 score
Compliance Score

What Digital Asset Tax Form Coverage Does Koinly Offer?

Form 8949 (Sales of Capital Assets)

Includes pre-populated crypto transactions for users who participate in DeFi applications and/or have NFTs and/or are participating in staking. Supports all tax methods including FIFO/LIFO/HIFO/average cost.

Schedule D (Capital Gains and Losses)

Provides an automated summary of short-term and long-term gains/losses that were realized through the sale of cryptocurrencies.

Form 1099-DA (Digital Asset Transactions)

Ready to support emerging broker-reported crypto transaction forms and comply with future IRS requirements.

HMRC Capital Gains Summary

Users can generate UK-specific crypto tax reports which include disposition summaries and income calculations.

CRA Schedule 3 & T776

Reports Canadian capital gains and business income derived from users' crypto activities.

ATO MyTax Capital Gains Report

Generates reports compliant with the Australian Taxation Office for crypto CGT events.

Comprehensive Tax Reports

Generates localized reports for over 20 countries including Germany, France and other OECD jurisdictions.

What Blockchain Data Integration Capabilities Does Koinly Offer?

700+ Exchanges (Binance, Coinbase, Kraken, OKX)

Allows one click API synchronization of trading history including spot, margin and futures from central exchanges.

Blockchain Wallets (Ethereum, Bitcoin, Solana, Polygon)

Imports public addresses and automatically parses transactions and matches transfers.

DeFi Protocols (Uniswap, Curve, Aave, Lido)

Parses on-chain transactions for liquidity pools, lending, yield farming and staking rewards.

NFT Marketplaces (OpenSea)

Tracks and calculates cost bases for NFT sales, purchases, transfers and royalties.

20,000+ Cryptocurrencies

Supports major tokens on Layer 1 & Layer 2 networks and automatically looks up prices.

CSV File Uploads

Allows manual import of exchanges/wallets without API access and automates data cleaning.

What Tax Reporting Calculation Methods Does Koinly Offer?

FIFO (First-In-First-Out)

The default is to match earliest acquisitions to dispositions, which is audit ready and tracks everything.

LIFO (Last-In-First-Out)

Match newest acquisitions (which can be helpful in a highly volatile market and loss reduction).

HIFO (Highest-In-First-Out)

Uses the highest cost basis for each asset as the priority to minimize your tax obligation.

Average Cost / Weighted Average

Assigns an average cost to all stocks in your account and adjusts that cost based on every single trade.

Tax Loss Harvesting

Will identify losses in your portfolio so you can use those to offset gains; uses portfolio management tools.

Specific Identification

Allows for manual selection of lots in order to assign exact costs to each; also allows for overriding selections.

How Does Koinly's Regulatory Compliance Coverage Compare?

JurisdictionTax ClassificationCapital Gains TaxedStaking Income TaxedPrimary FormsSpecial Considerations
United StatesProperty (IRS)Yes (STCG/LTCG)Yes (ordinary income)Form 8949, Schedule DDeFi/staking income at receipt; supports TurboTax integration
United KingdomCapital AssetYes (CGT)Yes (income tax)HMRC Capital Gains SummaryShare pooling rules; bed & breakfasting restrictions
CanadaCapital PropertyYes (50% taxable)Yes (business income)Schedule 3, T776Superficial loss rules; business vs capital distinction
AustraliaCGT AssetYes (50% discount)Yes (income)ATO Capital Gains Report12-month hold discount; personal use exemption
GermanyPrivate AssetsYes (income tax)Yes (income)Koinly Tax Report1-year hold exemption; speculative trading rules
FranceTaxable AssetYes (flat 30%)Yes (income)Koinly Tax ReportPFU flat tax; account aggregation required
20+ Additional CountriesVariesVariesVariesCountry-specific reportsGlobal coverage with localized calculations

What Is Koinly's Real Time Calculation Performance Specs?

Transaction Import Processing
< 5 minutes (10k txns)
Tax Report Generation
Minutes
API Sync Frequency
Real-time
Portfolio Valuation Updates
Real-time
Transaction Volume Capacity
10,000+ transactions
Multi-Jurisdiction Report Processing
< 2 minutes

What Enterprise Crypto Accounting Features Does Koinly Offer?

Automated Transaction Categorization

Can automatically classify over 20,000 types of assets, including DeFi, staking, NFTs; creates an audit trail for all activity.

Staking & Mining Income Tracking

Automatically captures the value of rewards at the time they were received for all assets acquired from blockchains.

Tax Loss Harvesting Optimization

Provides the opportunity to offset realized gains; will also track unrealized gains for future tax planning.

Multi-Entity Portfolio Tracking

Supports unlimited wallet consolidation, along with transfer matching, to maintain the cost basis of each asset.

Accountant Collaboration Tools

Generates reports which are compatible with TurboTax and TaxAct; identifies transactions which have been deleted.

Complex Trade Handling

Fully supports margin trading, futures, DeFi (impermanent loss), and NFT royalty income.

What Is Koinly's Data Security And Compliance Certifications Status?

Read-Only API AccessOngoing
SOC 2 Compliance2026-12-31
GDPR ComplianceOngoing
Encryption StandardsOngoing
IRS Audit ComplianceOngoing
Global Tax Authority ComplianceOngoing

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