Koinly review

We sat down and spoke to the team from Koinly

8:26

Key features

Koinly is one of the most comprehensive crypto tax tools available to Australians. Here’s what it offers:

ATO-compliant tax reporting

• Generates ATO-friendly reports, including myTax and CGT summaries
• FIFO and other tax calculations independently verified by a Big 4 accounting firm

Exchange and wallet integrations

• Supports 500+ exchanges and wallets, including CoinSpot, Swyftx and CoinJar
• Tracks transactions across 170+ blockchains

Smart portfolio tracking

• Real-time dashboard showing ROI, gains and portfolio performance
• Tax loss harvesting tools to help minimise your tax bill

DeFi and NFT support

• Handles staking, yield farming, liquidity pools and NFT trading
• Flags missing data and lets you fix errors before tax time

Accountant-friendly

• Invite your accountant or tax agent directly to your account
• Accountants can manage multiple clients from one dashboard

Flexible pricing

• Free plan for tracking up to 10,000 transactions
• Paid plans start at $69 per tax year with additional features and reports

What exchanges does Koinly support?

Koinly supports more than 800 exchanges and wallets, including most local Australian platforms, such as:

If Koinly doesn't support your exchange or wallet, you can import your transaction history as a CSV or EXL file, or manually add your transactions.

How much does Koinly cost?

Koinly can track an unlimited amount of transactions, but pricing is broken up into 4 paid tiers which will depend on how many transactions you've made.

Keep in mind the free plan allows you to view your transactions and access many of the premium features, but you won't be able to export a tax report.

Users can upgrade to a paid plan with a credit/debit card or with supported cryptocurrencies – BTC, DAI, ETH, USDC.

ATO compliance and reporting

Having been launched in Australia, Koinly is built with Australian tax law in mind and is fully compatible with the ATO’s requirements for crypto reporting.

It generates ATO-compliant tax reports that make the whole process easier, whether you’re filing yourself through myTax or working with a registered tax agent.

The platform supports Australian reporting requirements, including:

• Pre-filled myTax support – Provides a tax summary tailored to the myTax system, including figures for the Individual Tax Return Supplementary Section.
• Capital Gains Tax (CGT) report – Summarises all disposals, including sales, swaps, spending and gifting of crypto assets, in line with ATO event categories.
• Income report – Breaks down income from staking, airdrops, DeFi interest and mining, clearly identifying what needs to be reported as assessable income.
• Asset summary and cost base tracking – Tracks acquisition costs and applies the ATO’s FIFO accounting method by default (with support for other methods if needed).
• CSV and PDF exports – Lets you download detailed reports that are ready to hand off to your accountant or upload manually via myGov.

Is Koinly safe to use?

Yes. Koinly discloses security measures and best practices on its site that include:

• End-to-end encryption of your data, including data "at rest" – or data stored on its site.
• Third-party audits of its code base and infrastructure to reveal and fix issues.
• A+ score on SSL Labs tests, which is the highest industry rating for web server security.
• Third-party storage of your payment details through Stripe, which is used to process your payments.

There have been no reported security breaches at Koinly as of June 2025.

User experience and complaints

Koinly is highly rated on Trustpilot, earning a 4.6 out of 5 across more than 2,420 reviews. Customers say that the software is easy to use and up-to-date with the latest in crypto developments. Many users also compliment its helpful customer service.

Some users complain about inaccuracies and errors that require manual adjustments to fix, while others cite incompatibility issues with certain exchanges. For example, 1 customer reported difficulty in getting accurate reporting for DeFi exchanges like Maker and Compound.

"Koinly is very easy to use. They have easy guides on how to set up the APIs with most exchanges, but there are some things that I figured out by trial and error. You need to make sure that when you set up the API with each of your exchanges, that the start date of the import is from the very first time you started using it otherwise the report will not be accurate. The first time my earnings were showing very high and it was because Koinly couldn't find the initial value of my purchases due to me not linking all my accounts."

Juan Peña

Finder crew member

Customer service

Get support in 3 ways:

• Email support@koinly.io
• Chat live with a rep through the site
• Select Request Assistance online to complete a user ticket

How to sign up for Koinly

Anybody can sign up for a Koinly account in 5 steps:

1. Go to Koinly's site and select Sign up.
2. Input your email and choose a password. Select Create an account. New users can also quickly sign up using their Coinbase or Google accounts.
3. Select your base currency and home country from the drop-downs. Select Continue.
4. Add your wallets and import your data by auto-syncing or uploading your transaction history.
5. Select Free Plan to upgrade your account.

Required information

Provide your name and email address to get started. To set up auto-sync, provide the read-only APY key from your exchange, or link a blockchain wallet address. No confidential details like passwords are required.

Koinly alternatives

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Crypto Tax Calculator Crypto Tax Reporting	Rookie AUD$49 — 100 transactions Hobbyist AUD$129 — 1,000 transactions Investor AUD$249 — 10,000 transactions Trader AUD$399 — 100,000 transactions	160+ Integrations	Australian made tax software with 3500+ integrations, ATO ready tax reports and support for all financial years.	Go to siteMore info	loading
Syla Crypto Tax Reporting	Budget - AUD $59 - 10K transactions and ATO tax report Assurance - AUD $149 - Budget + assurance reports Tax Saving - AUD $249 - Assurance + lowest tax Private Wealth - AUD $389 - 100K transactions + Tax Saving + Trust, Company and SMSF accounts	500+ integrations	Use the discount code FINDER10 to get 10% off the first year subscription. Affordable tax software with a generous free plan and tools to minimise tax.	Go to siteMore info	loading
Koinly Crypto Tax Reporting	Newbie AUD $69 ⁠— 100 trades Hodler AUD $149 ⁠— 1,000 trades Trader AUD $299 ⁠— 3,000 trades Pro AUD $399 ⁠— 10,000+ trades	Supports all major exchanges	Koinly generates crypto tax reports built to comply with Aussie tax guidelines for 750+ exchanges, wallets and integrations.	Go to siteMore info	loading

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