Description
Koinly is a crypto tax software built to handle the full complexity of modern cryptocurrency taxation.
Purpose: Help crypto investors and traders calculate accurate tax reports quickly, minimize tax liability, and stay compliant with local tax authorities.
Key Features:
- Auto-import transactions — Connect exchanges via API or CSV files and link blockchain wallets using public addresses. Supports 900+ exchanges and wallets including Coinbase, Binance, MetaMask, and more.
- DeFi & staking support — Handles complex transactions such as staking on Solana, lending on Curve, providing liquidity on Uniswap, and NFT trading.
- Portfolio tracking — View total holdings, ROI, and growth over time on an intuitive dashboard.
- Tax-loss harvesting — Preview the impact of selling assets before the tax year ends to reduce your tax bill.
- Ready-to-file reports — Generate IRS-ready Form 8949 and 1099-DA reports, compatible with TurboTax, FreeTaxUSA, and accountants.
- Multi-country support — Available in 20+ countries with localized tax rules for the US, UK, Canada, Australia, Germany, Sweden, and more.
- SOC 2 Type 2 & ISO 27001 certified — Enterprise-grade security and data protection.
Main Use Cases: Individual investors filing annual crypto taxes, DeFi participants with complex transaction histories across multiple protocols, traders optimizing tax liability through loss harvesting, and accountants managing crypto portfolios for multiple clients.
Highlights
Pros
- Generates localized, ready-to-file tax reports for 20+ countries including IRS Form 8949 and 1099-DA, compatible with TurboTax and FreeTaxUSA.
- Integrates with 1,000+ exchanges, wallets, and services plus 7,200+ DeFi protocols for automated transaction imports.
- Holds SOC 2 Type 2 and ISO 27001 security certifications, with all API and blockchain keys encrypted using AES-256-GCM.
- Free plan offers portfolio tracking, capital gains preview, and automatic calculation of up to 10,000 transactions with no credit card required.
- Handles complex crypto transactions including DeFi staking, liquidity provision, margin trades, NFTs, and airdrops across multiple blockchains.
Cons
- Paid plans impose transaction limits (100–3,000+ transactions per year), which can be restrictive for high-volume traders.
- Some users report import errors when syncing transaction history from certain exchanges, requiring troubleshooting.
- Not fully automated — some complex transactions, particularly from non-EVM blockchains, require manual input and reconciliation.
- Automatic NFT trade support is primarily limited to EVM-based blockchains; NFT trades on Solana and other chains require manual entry.
- IRS-compliant tax forms such as Form 8949 and Schedule D are only available on paid plans, not the free tier.