Koinly vs CoinTracker: Which is Best? [2024]

Koinly
Tax Software
Overall Rating
CoinTracker
Tax Software
Overall Rating

Overview

If you want an easy and fast way to calculate your crypto taxes, then you will need crypto tax software. Koinly and CoinTracking are two of the most popular options for tax software. They both make it easy to calculate and generate forms for tax reporting. We've posted all the information to make it easy for you to compare the two software.

CoinTracker vs Koinly in Comparison

Description

Koinly

Koinly is crypto tax software that was founded in 2018. The company's goal is to solve crypto tracking & tax reporting for investors.

CoinTracker

CoinTracker is a cryptocurrency tax software founded in 2017. The platform is designed to simplify crypto tax reporting and portfolio tracking for investors. It also offers crypto portfolio tracking.

Free Trial Offered?

Koinly

CoinTracker

Supported Countries

Koinly

Koinly supports any country that uses Average Cost, FIFO, LIFO, HIFO etc for calculating gains. The company offers specialized tax reports for larger countries, like the USA, Canada, Australia, UK, Germany, Norway, Denmark and Sweden.

CoinTracker

CoinTracker supports cryptocurrency tax reporting for users worldwide. It is designed to accommodate tax regulations in various countries and offers specialized tax reporting for larger markets such as the USA, Canada, Australia, UK, Germany, Norway, Denmark, and Sweden.

Supported Cryptocurrencies

Koinly

23,000+ cryptocurrencies

CoinTracker

CoinTracker supports tracking and reporting for over 23,000 cryptocurrencies.

Price

Koinly

Four plans:

  • Free
  • $49 per year
  • $99 per year
  • $199 per year

  • The plan you need will depend on how many trades you have made. All paid plans offer access to all reports and other features.

CoinTracker

Pricing Plans: CoinTracker offers several pricing plans to cater to different needs:

  • Free Plan for up to 25 transactions
  • Paid Plan 1: $59 per year for up to 100 transactions
  • Paid Plan 2: $199 per year for up to 1,000 transactions
  • Paid Plan 3: $599 per year for unlimited transactions

IRS Form 8949, Schedule D

Koinly

CoinTracker

Export to TurboTax, TaxACT

Koinly

CoinTracker

Integrations

Koinly

Koinly supports all common wallets and exchange integrations.

CoinTracker

CoinTracker supports integrations with common cryptocurrency wallets and exchanges. It is an official partner of H&R Block and TurboTax.

Tax-Loss Harvesting

Koinly

CoinTracker

Portfolio Tracking

Koinly

CoinTracker

NFT Support?

Koinly

CoinTracker

Have These Software's Customer Data Been Hacked Before?

Koinly

Koinly customer data has not been hacked before.

CoinTracker

CoinTracker has not experienced any data breaches in the past.

Is Live Chat Support Offered?

Koinly

All Koinly plans offer live chat support

CoinTracker

CoinTracker offers live chat support for all its plans.

Official Site

Koinly

https://koinly.io

CoinTracker

https://cointracker.io

Koinly vs CoinTracking Comparison

These are two of the most popular crypto tax software on the market. We tried to make things easy by giving all of the facts above, while our opinion can come in below. We also built a free crypto tax calculator for the USA if you only have a few trades and don't want to sign up for a platform.

Testimonials

CoinTracker is backed by some fairly strong testimonials, including crypto expert Arianna Simpson

Best UX I found after looking at a number of options! (FWIW I'm not an investor in the company, nor is anyone paying me to say this).
Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. CNBC - Everything you need to know about filing crypto taxes — especially if your exchange went bankrupt, https://www.cnbc.com/select/how-is-crypto-taxed/
  2. Internal Revenue Service - Frequently Asked Questions on Virtual Currency Transactions, https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

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