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Koinly review

Koinly tax software consolidates your crypto trades and generates tax reports.

Koinly is web-based crypto tax software that tracks your portfolio and calculates your tax liabilities. And when you need it, Koinly can generate ATO tax reports that you can download or export to other tax software. You can even track your NFTs on Ethereum and other popular blockchains.

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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

At a glance

  • Tracks unlimited transactions, but you will need a paid plan if you have a lot of trades.
  • Supports more than 6,000 cryptocurrencies
  • Multiple data imports, including API sync and CSV uploads

What we think

Koinly is best for investors looking to streamline their crypto tax reporting. By syncing and importing your data into Koinly, you can see how much you've invested in crypto, get a summary of your crypto income and view your realised and unrealised capital gains.

What sets Koinly apart is the ability to test drive the software before paying. You can connect all of your exchange and wallet accounts and preview your capital gains for free.

However, you must pay if you want to download a tax report or generate ATO tax reports. This can get pricey depending on how many transactions you have made.

What exchanges does Koinly support?

Koinly supports more than 402 exchanges, including most local Australian platforms:

  • Binance
  • Swyftx
  • CoinSpot
  • Coinbase
  • Crypto.com
  • Gemini
  • Digital Surge
  • eToro
  • Coinjar

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 four paid tiers which will depend on how many transactions you've made.

PlanAnnual cost (AUD)Transaction limitFeatures
BasicFree10,000
  • Unlimited wallet and exchange integrations
  • CSV file imports
  • Portfolio tracking
  • Profit, loss and capital gains preview
  • Supports multiple cost basis accounting methods
  • Wallet-specific cost tracking
NewbieAUD $59100Everything in the free plan, plus:

  • International tax reports, including ATO
  • Comprehensive audit report
  • TurboTax, TaxACT and H&R Block exports
  • Custom file imports
HodlerAUD $1391,000Same as the Newbie plan
TraderAUD $2493,000Same as the Newbie plan
ProAUD $38910,000+Same as the Newbie plan, plus:

  • Email support

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

How to sign up for Koinly

Anybody can sign up for a Koinly account in five 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.
Go to Koinly's website

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.

Benefits of Koinly

  • Includes Australian tax reports. Koinly can generate documents suitable for the ATO.
  • Supports crypto payments. Unlike competitors, Koinly accepts both crypto — BTC, ETH, DAI or USDC — and credit or debit card payments.
  • Extensive cryptocurrency support. Track transactions for more than 6,000 cryptocurrencies beyond the popular Bitcoin, Dogecoin and Ethereum.
  • Share access. Form your own tax team by inviting your accountant, CPA or tax agent to access your Koinly account.

Drawbacks of Koinly

  • Limited mobile app. Android and iOS mobile apps are in beta, so you must use a computer to use all of Koinly's features.
  • Requires creating an account to see AUD prices.

Compare crypto tax software

1 - 3 of 6
Name Product Pricing by tier (per year) Supported exchanges
Koinly Cryptocurrency Tax Reporting
  • Free⁠ — basic plan
  • AUD $59 ⁠— 100 trades
  • AUD $139 ⁠— 1,000 trades
  • AUD $249 ⁠— 3,000 trades
  • AUD $389 ⁠— 10,000+ trades
Supports all major exchanges
Koinly can produce detailed cryptocurrency tax reports in under 20 minutes. The basic plan only allows tracking and cannot generate tax reports.
CryptoTaxCalculator Cryptocurrency Tax Reporting
CryptoTaxCalculator Cryptocurrency Tax Reporting
  • AUD$49 - 100 trades
  • AUD$99 - 1,000 trades
  • AUD$189 - 10,000 trades
  • AUD$299 - 100,000 trades
Supports all major exchanges
This Australian-made software helps you file your ATO crypto tax return and generates tax reports on all financial years.
CoinTracking Cryptocurrency Portfolio Tracking and Tax Reporting
  • Free ⁠— 200 trades
  • US$130~ ⁠— 3,500 trades
  • US$200~ ⁠— 20,000 trades
  • US$260~ ⁠— 50,000 trades
  • US$320~ — 100,000 trades
  • US$660~ Unlimited
Supports all major exchanges
Track trades and generate real-time reports on profit and loss, the value of your coins and more. Two year and lifetime plans also available.
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Price disclaimer: Last verified 19 May 2022. Prices are subject to change and should be used as a general guide only.

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 May 2022.

Koinly reviews and complaints

Koinly is highly-rated on Trustpilot, earning a 4.6 out of 5 across more than 700 reviews. Customers rave 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 required manual adjustments to fix, while others cite incompatibility issues with certain exchanges. For example, one customer reported difficulty in getting accurate reporting for DeFi exchanges like Maker and Compound.

Customer service

Get support in three ways:

  • Email support@koinly.io
  • Chat live with a rep through the site.
  • Select Request Assistance online to complete a user ticket.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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