・38 min read・Crypto
Koinly vs CoinTracker: Which crypto tax software is better?
How do I choose the best crypto tax software for me?
Choosing the right crypto tax tool is critical for accuracy and peace of mind. Here is a direct comparison and all the information you need for you to decide on which is the best crypto tax software for you.
Koinly vs CoinTracker: General comparison
| Feature | CoinTracker | Koinly |
|---|---|---|
| Portfolio tracking | Consolidated dashboard with real-time ROI, P&L, historical performance charts, and asset allocation views | Basic portfolio tracking with gains/losses overview |
| Ease of use | Intuitive interface with customizable dashboards, designed for both individual investors and accountants | Simple and beginner-friendly platform |
| Integrations (wallets, CEX, DeFi, NFT) | 600+ integrations including major exchanges, wallets, DeFi protocols, and NFT tracking | Broad exchange and wallet integration coverage |
| Supported blockchains | Supports major chains (Bitcoin, Ethereum, Solana, Polygon, etc.) with strong support for DeFi and staking NFTs | Supports a wide range of chains and token types |
| Security | SOC 2 certified architecture with read-only API access, encryption at rest and in transit | End-to-end encryption, secure design |
| International tax reporting | Generates tax reports for 100+ countries; U.S.-optimized; supports FIFO/LIFO/HIFO, IRS Form 8949 & Schedule D and other localized formats for UK, Canada, Australia, Germany, Italy and Spain | Multi-country reports and cross-border support |
| Language support | Tax reports and localized sites available in native languages, including German, Italian, and Spanish. | Tax reports and localized sites available in native languages |
| Tax-loss harvesting | Automated tax-loss harvesting tool that identifies opportunities by asset and date for paid plans | Includes gain/loss data to support manual TLH |
| TurboTax & partners | 1 click-TurboTax support and H&R Block integration; Coinbase partner with automatic sync | TurboTax and other tax software exports/imports |
| Customer support | Tiered support with email, in-app help, and priority service on higher plans | Support available |
| Free plan | Portfolio tracking and basic features included; tax report generation available with upgrade | Free plan with limited access |
| Pricing model | Subscription covers all prior tax years with any paid plan | Reports sold per tax year |
Features and services
| Feature | CoinTracker | Koinly |
|---|---|---|
| Tax reports | IRS forms (8949, Schedule D), income reports, TurboTax/H&R Block, CSV export. Specific-country coverage (UK, Canada, Australia, Germany, Italy and Spain) | Multi-country reports, tax software exports |
| Portfolio tracking | Real-time dashboard with ROI, P&L, historical charts, allocation breakdown | Portfolio summary with gains/losses and cost basis |
| Real-time syncing | Auto-sync via API/public wallet; 600+ integrations | API/wallet import with manual sync options |
| Error reconciliation | Manual edits, mismatch resolution, smart transfer detection and issue flagging tools | Smart transfer matching, duplicate/missing flagging |
| Tax-loss harvesting | Built-in TLH tool for paid plan; filters by asset/date to ID loss lots | Gain/loss data for manual TLH |
User interface and ease of use
| Feature | CoinTracker | Koinly |
|---|---|---|
| User Interface (UI) | Clean, intuitive, unified dashboard for real-time portfolio, tax reports, and transaction insights | Simple, beginner-friendly layout focused on tax prep |
| Mobile experience | Native mobile app for portfolio tracking, transaction review, and tax planning on the go Star review: 4.8/5 stars | Mobile app for portfolio tracking and viewing tax-related insights across supported countries Star review: 3.3/5 stars |
| Automatic error identification and fixing | Auto-matches transfers, flags issues and guides users to resolve them with transaction-level controls | Auto-matches transfers, flags issues |
| Manual transaction editing and tagging | Advanced tools to manually edit transactions, reclassify, tag, or ignore them | Manual edits, tagging, adding transactions |
| Automatic data import reliability | Reliable real-time sync via API or wallet address; designed for accuracy | Broad exchange support with smart matching; occasional re-syncs needed |
Supported integrations: Blockchains, exchanges and wallets
CoinTracker delivers high-quality integrations, offering deeper coverage, accurate on-chain fee handling, and reliable results across the blockchains that matter most.
| Feature | CoinTracker | Koinly |
|---|---|---|
| Total Integrations | 605+ total, with industry-leading coverage | 500+ total, weak accounting for DeFi |
| Supported exchanges | 450+ exchanges with best-in-class compatibility | 400+ exchanges |
| Supported wallets | 70+ top wallets used worldwide, carefully selected for reliability | 77+ wallets |
| Supported blockchains | 75+ widely used, trusted blockchains | 170+ blockchains |
| API integrations (auto-sync) | 40+ high-quality, deeply tested API auto-sync integrations | 100+ API auto-sync integrations |
| DeFi protocol support | Tracks staking, LP, and lending auto-categorization for most DeFi protocols | Supports a limited number of DeFi protocols |
| NFT Activity Tracking | Comprehensive NFT tracking across major chains | NFT support across key chains |
| Wallet/Address Sync | Auto-sync via API/public address for 600+ wallets/exchanges | Broad auto-sync for wallets/exchanges |
Portfolio tracking
| Features | CoinTracker | Koinly |
|---|---|---|
| ROI / Performance metrics | Automatic real‑time tracking of unrealized & realized gains/losses with historical performance insights on paid plans | ROI and growth tracking for assets and portfolio |
| Real-time P&L (Profit & Loss) | Unified portfolio view across exchanges, wallets updated automatically | Unrealized gains/losses and profit/loss tracking |
| Asset allocation visualization | Detailed asset allocation & performance charts (on paid plans) | Portfolio dashboard with holdings breakdown |
| Transfer/Cost Basis Matching | Supports FIFO, LIFO, HIFO with matching; customizable classifications | Supports FIFO, LIFO, HIFO, optimized matching free |
| Individual holding breakdown | Detailed asset‑level stats (value, cost basis, performance over time) | Supports FIFO, LIFO, HIFO, optimized matching free |
| Real-time market data | Live prices, market cap, and performance data across assets | Live crypto & fiat price tracking |
| Free Access to Tracking | Free portfolio tracking available; upgraded insights on paid plans | Free portfolio/NFT tracking |
| Tax Loss Harvesting Tool | Integrated TLH tool on paid plans | Manual simulation only |
| Mobile app for portfolio tracking | Mobile app with home screen widget for portfolio tracking, tax planning, and transaction editing on the go | Mobile app for portfolio tracking |
Safety and security
| Feature | CoinTracker | Koinly |
|---|---|---|
| Security audits & certifications | SOC 1 & SOC 2 certified | SOC 2 & ISO 27001 certified |
| Data usage & privacy policy | GDPR compliant, no data selling; encrypted API key storage | GDPR compliant, no data sharing |
| Required data access | Read‑only API and wallet access (never stores private keys) | Read-only API/wallet access |
| Encryption & data storage | Full encryption, secure storage | Encryption at rest/transit |
| Two-factor authentication (2FA) | Supported via authenticator apps | Not currently available |
Tax-loss harvesting features
| Feature | CoinTracker | Koinly |
|---|---|---|
| Tax Loss Harvesting Dashboard | Tax‑loss harvesting tool identifies assets with unrealized losses (paid plans) | Free tool with simulations |
| Cost Basis Method Application | FIFO, LIFO, HIFO support | FIFO, LIFO, HIFO, optimized free |
| DeFi & NFT support | Tracks DeFi/NFT transactions; deeper analytics available (higher tiers) | DeFi/NFT support |
| Tax summary by wallet | Wallet‑level gain/loss breakdowns available in reports | Wallet views available |
Customer support
| Feature | CoinTracker | Koinly |
|---|---|---|
| Support access for free users | Help center + chatbot; live support on paid plans | Help center; some live chat access |
| Priority support and concierge | Priority Support for Ultra and Dedicated Support for Full Service plans | Priority email/chat on paid plans |
| Expert Review (higher plans) | Full Service includes account manager for personalized assistance and Expert Review available as an add on for purchase for non-full service plans. | Expert Review available, but manual and extra cost |
| Help Center (US-specific tax topics) | Extensive US tax guides, integrations, and filing workflows | Comprehensive help center with US guides |
Payment plans
| Feature | CoinTracker | Koinly |
|---|---|---|
| Inclusive price plans | Includes all prior tax years with one subscription | Charged per tax year |
| Free plan offering | Unlimited basic portfolio tracking; no tax reports included | Up to 10,000 transactions with basic tracking; no tax reports included |
| Cheapest paid plan | ≈ $59/year for 100 transactions | ≈ $49/year for 100 transactions |
| Mid-tier plan (high value) | $199-$249/year for 1,000 transactions | ≈ $99/year for 1,000 transactions |
| Highest Tier Plan | $599/year for 10,000+ transactions, letting users onboard historical transactions essentially for free and pay only for annual transactions, making costs cheaper | $199-$299/year covers 10,000 with additional transactions priced at $10 per extra 1,000, which can increase costs quickly. Payment based on historical transactions, rather than annual ones, making long term cost higher |
| Annual vs Lifetime Transactions | Pricing is based on annual transaction volume, making it more likely that you fall into a lower tier. | Pricing is based on total lifetime transactions. This will increase your tier (and cost) over time. |
| Refund policy and guarantee | 30-day money-back | 14-day no-questions refund |
International tax reporting
| Feature | CoinTracker | Koinly |
|---|---|---|
| USA (IRS reporting) | Generates U.S. tax forms (Form 8949, Schedule D) | Supports U.S. tax reports (IRS forms) |
| Canada (CRA reporting) | Generates CRA tax forms (Schedule 3) | Generates CRA tax reports |
| UK (HMRC reporting) | HRMC-compliant UK-specific tax reports | HMRC reports & UK‑specific output |
| Australia (ATO reporting) | ATO-compliant Australia-specific tax reports | ATO reports available |
| Germany (BMF reporting) | Generates BMF tax forms (Anlage SO and Anlage Kap) | Generates tax reports in German |
| Spain (AEAT reporting) | AEAT-compliant Spain-specific tax reports | Generates tax reports in Spanish |
| Italy (AdE reporting) | AdE-compliant Italy-specific tax reports | Generates tax reports in Italian |
FAQs
Are there any free crypto tax calculators?
Yes, there are free crypto tax calculators available, and CoinTracker offers free tools that help users track their crypto portfolio and estimate gains and losses.
With CoinTracker’s free plan, users can connect wallets and exchanges, automatically sync transactions, and view their overall portfolio performance. To generate official tax reports, such as IRS forms, users can upgrade to a paid plan.
Do crypto companies report to IRS?
Some crypto companies may report certain user information to the IRS, depending on regulations and the type of activity involved. In the U.S., exchanges can issue tax forms (such as Forms 1099) and may share transaction data with tax authorities when required by law.
Crypto tax software like CoinTracker helps individuals stay compliant by organizing transaction history, calculating gains and losses, and generating IRS-ready tax reports based on the data users provide.
What company is best for crypto taxes?
The best crypto tax software depends on your specific needs, such as the number of transactions you have, the exchanges and wallets you use, and whether you need international tax reporting.
CoinTracker is a popular choice for crypto investors because it combines automated portfolio tracking, broad integrations, and U.S.-optimized tax reporting in a single platform. Comparing features, pricing models, and supported integrations can help determine which solution is right for you.
What is a crypto tax software?
Crypto tax software is a tool that helps individuals calculate and report taxes related to cryptocurrency activity. It automatically imports transactions from wallets and exchanges, tracks cost basis, calculates capital gains and income, and generates tax reports required by tax authorities.
CoinTracker is an example of crypto tax software that also includes real-time portfolio tracking, performance insights, and tools designed to simplify crypto tax compliance.
Final thoughts on which is the best crypto tax software for you
You've seen how CoinTracker stacks up against the competition, but the best way to finalize your decision is to experience the platform firsthand! We invite you to explore and activate the CoinTracker plan that perfectly matches your specific needs.