Koinly Review 2026
The most beginner-friendly crypto tax software on the market — with the best international coverage, 700+ integrations, and a genuinely useful free plan.
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Quick Summary
- Koinly is the #1 rated crypto tax software for beginners — 4.8/5 on Trustpilot with 12,000+ reviews.
- Supports 700+ exchanges and 170+ blockchains, including all major DeFi protocols and NFT platforms.
- Best international coverage of any platform: localised tax reports for 20+ countries.
- Free plan lets you connect unlimited wallets and preview your full tax liability before paying.
- Paid plans start at $49/yr for 100 transactions — competitive with all major alternatives.
- Smart transfer matching eliminates false taxable events that inflate your tax bill on other platforms.
Category Scores
What Is Koinly?
Koinly is a cloud-based crypto tax software platform founded in 2018 and headquartered in London, UK. It is designed to automate the calculation of cryptocurrency capital gains, income, and losses for individual investors — and generate the tax reports required by tax authorities in 20+ countries. With over 700 exchange integrations and support for 170+ blockchains, Koinly is one of the most comprehensive platforms available.
What sets Koinly apart is its combination of breadth and simplicity. The onboarding process is the most streamlined in the industry — most users can connect their exchanges, review their transaction history, and generate a tax report in under an hour. The free plan is genuinely useful, offering unlimited wallet connections and a full capital gains preview without requiring a credit card. Paid plans start at $49/yr and scale to $199/yr for high-volume traders.
Key Features
Best-in-Class International Coverage
Koinly supports 20+ countries with localised tax reports — including the US (Form 8949), UK (HMRC), Australia (ATO), Canada, Germany, Norway, Denmark, and Sweden. Most competitors support 3–5 countries.
Smart Transfer Matching
Koinly's proprietary algorithm automatically matches transfers between your own wallets and exchanges, eliminating false taxable events that inflate your tax bill on other platforms.
Free Capital Gains Preview
Connect all your wallets and exchanges for free, then see your full capital gains and income summary before paying a penny. This transparency is rare — most platforms hide your tax liability until you upgrade.
700+ Integrations
Koinly connects to 700+ exchanges, 170+ blockchains, and all major wallets via API or CSV. DeFi, NFTs, staking, lending, and airdrops are all supported on paid plans.
Pros & Cons
What We Like
- Easiest onboarding of any crypto tax platform — beginners can be set up in minutes
- Best international coverage: 20+ countries with localised tax reports
- Free plan with unlimited wallets, exchanges, and capital gains preview
- Smart transfer matching reduces transaction count and eliminates false gains
- Transparent pricing — see your tax liability before you pay
- Supports FIFO, LIFO, HIFO, Average Cost, and Spec ID accounting methods
What Could Be Better
- Free plan does not include downloadable tax reports (tracking only)
- Newbie plan (100 tx) is restrictive for active traders
- DeFi reconciliation can require manual review for complex protocols
- No built-in CPA filing service (unlike TokenTax)
- Customer support response times can be slow during tax season
Koinly Pricing (2026)
All plans are per tax year. Annual pricing shown.
- Unlimited wallets & exchanges
- Portfolio tracking
- Capital gains preview
- DeFi & NFT tracking
- No tax reports
- Form 8949 & Schedule D
- International tax reports
- TurboTax & TaxACT export
- Audit report
- All free features
Who Is Koinly For?
Koinly's onboarding is the simplest in the industry. If you're filing crypto taxes for the first time, this is where to start.
If you're outside the US, Koinly is the clear choice — with localised reports for 20+ countries that most competitors don't support.
The Hodler plan ($99/yr) covers 1,000 transactions. If you're trading more than that regularly, Trader ($199/yr) or a custom plan may be needed.
Koinly generates your tax reports but doesn't offer a built-in CPA filing service. For hands-off filing, TokenTax's VIP plan is a better fit.
Koinly vs CoinLedger vs ZenLedger
| Feature | Koinly | CoinLedger | ZenLedger |
|---|---|---|---|
| Starting price | $49/yr | $49/yr | $49/yr |
| Free plan | Yes (tracking) | Yes (25 tx) | Yes (preview) |
| Countries supported | 20+ | US-focused | US-focused |
| Exchange integrations | 700+ | 500+ | 400+ |
| DeFi/NFT support | All plans | All plans | All plans |
| TurboTax export | Yes | Yes | Yes |
| CPA filing add-on | No | No | No |
| Trustpilot rating | 4.8 (12K+) | 4.8 (1K+) | 4.3 |
Our Verdict
Koinly earns its place as the top-rated crypto tax software for individual investors. Its combination of the widest exchange coverage, the best international support, and the most beginner-friendly onboarding makes it the default recommendation for anyone filing crypto taxes for the first time — or for any investor outside the US who finds other platforms too US-centric.
The free plan is genuinely useful — not a watered-down trial. Connecting your wallets and seeing your full tax liability before paying is a level of transparency that competitors like CoinLedger and ZenLedger don't offer. Smart transfer matching is a standout feature that can meaningfully reduce your transaction count and eliminate false taxable events.
The main limitations are the 100-transaction cap on the entry-level paid plan and the absence of a built-in CPA filing service. Active traders with complex portfolios may find the Hodler or Trader plans necessary, and those who want a fully managed filing experience should look at TokenTax's VIP plan. For everyone else, Koinly is the clear first choice.
Frequently Asked Questions
Is Koinly free to use?
Koinly has a genuinely free plan that lets you connect unlimited wallets and exchanges, track your portfolio, and preview your capital gains — with no time limit. You only need to pay when you want to download your tax reports. Paid plans start at $49/yr for up to 100 transactions.
How many exchanges does Koinly support?
Koinly supports 700+ exchanges and wallets, plus 170+ blockchains. This includes all major centralised exchanges (Coinbase, Binance, Kraken, etc.) and DeFi protocols. You can connect via API for automatic syncing or upload CSV files for exchanges without direct API support.
Does Koinly work outside the US?
Yes — Koinly has the best international coverage of any crypto tax platform. It generates localised tax reports for 20+ countries including the UK (HMRC), Australia (ATO), Canada (CRA), Germany, Norway, Denmark, Sweden, and more. This makes it the top choice for non-US investors.
What accounting methods does Koinly support?
Koinly supports FIFO (First In, First Out), LIFO (Last In, First Out), HIFO (Highest In, First Out), Average Cost, and Spec ID (wallet-based cost tracking). The correct method depends on your country — Koinly automatically applies the right default for your jurisdiction.
Can I see my tax liability before paying?
Yes. This is one of Koinly's best features. After connecting your wallets and exchanges, you can view your full capital gains and income summary on the Tax Reports page for free — before purchasing any plan. This transparency lets you decide if Koinly is right for you before committing.
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