Koinly

Koinly is a cryptocurrency tax software platform founded in 2017 and used by over 1.5 million investors worldwide. It automates the most tedious parts of crypto tax compliance — importing trades, normalising transaction data, tracking cost basis across transfers and chain hops, and producing ready-to-file capital-gains and income reports — so that filing takes "under 20 minutes" rather than the days many investors spend manually wrangling CSV files.

The platform connects to 800+ exchanges and wallets via API sync, CSV import, EVM auto-sync and xPub / yPub / zPub import, and supports 20,000+ cryptocurrencies with 8+ years of historical spot prices. Koinly handles the pain points every crypto investor hits — DeFi activity (staking, lending, liquidity pools), NFTs, margin trades, mining, airdrops, spam transactions and internal transfers between your own wallets — automatically classifying each event and preserving cost basis across chain hops.

The 2026 US tax year introduced the IRS's new Form 1099-DA, which centralized crypto exchanges are now required to file directly with the IRS. Koinly was one of the first crypto tax tools to ship full 1099-DA reconciliation — it ingests the broker-issued 1099-DA, reconciles it against your full on-chain transaction history, and outputs a corrected Form 8949 with accurate cost basis (which brokers frequently omit when crypto has been moved between platforms, leading investors to overpay).

Koinly's reporting covers the US (Form 8949, Schedule D, 1099-DA reconciliation), the UK (HMRC capital-gains summary), Germany (Anlage SO), Australia (ATO), Canada (ACB), Sweden, Norway, Denmark, and a generic "International" report that works for FIFO / LIFO / HIFO / Average-cost filers anywhere in the world. Reports export directly to TurboTax, TaxACT and TaxSlayer, or as a CPA-ready PDF + CSV bundle.

Koinly sits at the intersection of ease-of-use and depth-of-coverage: the free tier lets investors preview capital gains before paying (no commitment for tracking or portfolio management), while the Newbie, Hodler and Trader tiers ($49 / $99 / $199 per tax year) provide reporting capability scaled by transaction volume. Pricing is transparent and charged per tax year rather than as a recurring subscription, and the platform accepts both card and crypto (BTC, ETH, DAI, USDC) payment.

Across 2,000+ Trustpilot reviews, Koinly holds an "Excellent" rating, with users highlighting the seamless API sync, auto-classification of complex DeFi activity, and TurboTax integration. The product is a common alternative to CoinTracker for non-US filers and for US filers who want a slicker UI and broader international report coverage.

800+ integrations & 20,000+ assets

• API auto-sync with major exchanges — Binance, Coinbase, Kraken, KuCoin, Bybit, Bitfinex, Crypto.com, OKX and 100+ more.
• CSV import for any exchange Koinly doesn't sync natively.
• EVM chain auto-sync (Ethereum, Polygon, BSC, Avalanche, Arbitrum, Optimism, Base, Fantom) by public address.
• Non-EVM chains — Solana, Cardano, Algorand, Tezos and others — via direct wallet lookup.
• xPub / yPub / zPub extended-public-key import for Bitcoin and Bitcoin-derived UTXO chains.
• 20,000+ cryptocurrencies tracked, with 8+ years of historical spot prices for accurate cost basis on old trades.

DeFi & NFT tracking

• Staking on Solana, Ethereum and other PoS chains — auto-classified as income at fair-market value.
• Lending on Aave, Compound, Curve and similar protocols.
• Liquidity provision on Uniswap, Sushi, PancakeSwap — handles LP token conversions and impermanent loss.
• NFT trades on all major marketplaces (OpenSea, Blur, Magic Eden).
• Spam-token / dust detection — Koinly filters out fraudulent airdrops so they don't bloat your transaction count or inflate your income.

Cost-basis methods

• FIFO (first-in, first-out — default for most tax authorities)
• LIFO (last-in, first-out) — where permitted
• HIFO (highest-in, first-out) — tax-minimising strategy
• Average Cost — required by some jurisdictions (UK Share Pool rules, Canada, others)
• Specific Identification / Spec ID — wallet-based cost tracking, picking exact lots

Smart accounting

• Smart transfer matching — Koinly automatically detects transfers between your own wallets and removes them from gain/loss (no fake "disposals" inflating your tax bill).
• Double-entry ledger for every asset — full audit trail behind every number on your tax report.
• Exchange & transaction fee tracking — fees are properly attributed as part of cost basis or disposal proceeds, not lost.
• Negative-balance warnings — catches missing imports before they create phantom gains.
• Auto balance verification — Koinly flags exchanges or wallets where reported balances don't match imported history.
• Bulk-editing rules engine — apply classification rules across thousands of transactions at once.

Portfolio & tax optimiser

• Live portfolio dashboard — holdings, ROI and growth over time.
• Capital-gains preview — see your unrealised gains before the tax year ends.
• Tax-loss harvesting dashboard — simulate the impact of selling losing positions before you do it.

Migrate from other tax tools

• One-click migration from CoinTracking and CoinTracker — preserves your historical classifications and cost basis.
• Custom file import for any CSV format (with smart column-mapping).

Koinly charges per tax year, not as a recurring monthly subscription. New users start free and only upgrade to generate reports — the free tier is "forever" and includes portfolio tracking, capital-gains preview and the tax optimiser, but no downloadable tax report.

Free — $0 (forever)

• Up to 10,000 transactions for portfolio tracking
• Unlimited wallets and exchange accounts
• Capital-gains preview, tax optimiser, DeFi & NFT support, FIFO/LIFO/HIFO/Average/Spec ID
• Smart transfer matching, spam detection, fee tracking, auto-balance verification
• No tax-report download — upgrade to a paid plan to generate IRS-ready or international reports

Best for: tracking your portfolio and previewing your gains before committing to a paid plan.

Newbie — $49 / tax year

• Up to 100 transactions
• All Free-tier features
• Tax reports — Form 8949 / Schedule D, International tax report, Comprehensive audit report
• TurboTax / TaxACT / TaxSlayer export
• Email support

Best for: casual investors with one main exchange and a small number of tax-relevant events per year.

Hodler — $99 / tax year

• Up to 1,000 transactions
• All Newbie features
• Comprehensive audit report unlocked
• Email & chat support

Best for: active retail traders and most DeFi participants.

Trader — from $199 / tax year

• Up to 3,000+ transactions (additional transaction packs are purchasable in-app; Koinly supports up to 100,000 transactions on regular accounts)
• All Hodler features
• Transaction sorting by gains, advanced transaction filtering, cost analysis
• Priority email & chat support

Best for: day traders, professional DeFi yield farmers and high-volume users.

Custom / Enterprise

• Above 10,000 transactions, custom pricing is available — request a quote from Koinly support.

Accepted payment methods: credit/debit card and cryptocurrency (BTC, ETH, DAI, USDC). You can upgrade mid-year by paying the difference between tiers. All tier limits are per tax year, and you can generate and download unlimited reports for that tax year.

Plan pricing is reviewed annually by Koinly. The figures above reflect Koinly's published 2026 schedule — always verify the current plans and transaction limits on koinly.io/pricing before subscribing.

Koinly produces IRS-ready US reports alongside country-specific reports for major non-US jurisdictions, plus a generic International report that works for any FIFO / LIFO / HIFO / Average-cost-based tax system.

US tax reports

• Form 8949 + Schedule D — line-by-line capital gains/losses with cost basis, proceeds, and gain/loss per lot, ready to attach to your tax return.
• Income report — staking, mining, airdrops, referrals, interest and other income events, with fair-market value at receipt.
• 1099-DA reconciliation — ingest your broker-issued 1099-DA, match it against your full on-chain cost basis, and produce a corrected Form 8949 (important when you've moved crypto between exchanges — brokers frequently miss cost basis, leading to over-payment).
• Audit / transaction-history report — full source documentation per transaction for IRS audit defense.
• End-of-year summary — realised gains, unrealised gains, income and fees for the tax year.

International tax reports

• UK (HMRC) — Section 104 pool capital-gains summary matching HMRC's pooling rules.
• Australia (ATO) — capital-gains report with the 50% CGT discount for assets held over 12 months.
• Germany (Anlage SO) — German tax form including the 1-year holding exemption for crypto.
• Canada — adjusted-cost-basis (ACB) report.
• Sweden, Norway, Denmark, Finland, Netherlands, Austria, Italy, Spain, France, Japan — localised reports.
• Rest-of-world "International" report — works for any jurisdiction using FIFO / LIFO / HIFO / Average cost.

File directly from Koinly

• TurboTax (US) — one-click export of capital-gains data into TurboTax Online; generate a Form 8949 attachment PDF for TurboTax Desktop.
• TaxACT & TaxSlayer — supported Schedule D exports.
• CPA / tax professional — full PDF + CSV bundle for handover to your accountant.

Cost-basis methods supported

• FIFO (first-in, first-out — IRS default)
• LIFO (last-in, first-out)
• HIFO (highest-in, first-out — tax-minimising strategy)
• Average Cost (required by UK Share Pool and Canada among others)
• Specific Identification / wallet-based cost tracking (Spec ID)