To succeed in the dynamic world of cryptocurrencies, investors need the right tools to manage their investments and optimize taxes. But is Koinly really the best option on the market? In this article, we shed light on the current situation and offer a powerful alternative to Koinly that is superior in many aspects.
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What is Koinly?
Koinly is a platform for managing crypto portfolios that also helps determine tax obligations. By supporting various exchanges, wallets, and cryptocurrencies, it makes it easier for users to import transaction data and generate tax reports.
Now let's take a closer look at CoinTracking and show why the market leader is considered the best alternative to Koinly.
CoinTracking vs Koinly
CoinTracking has established itself globally and has been on the market since 2012. The platform is a superior alternative — it offers all the features of Koinly, plus many additional advantages and features.
Price
There are notable differences between the two platforms in terms of pricing. CoinTracking outperforms its competitor with a better price-performance ratio across all pricing models. In addition, Koinly does not offer corporate accounts.
For example, CoinTracking offers a completely free option for up to 200 transactions, including the ability to generate tax reports. Koinly's free plan does not allow you to generate a tax report.
CoinTracking also offers an Unlimited Lifetime Account, which can be especially attractive for traders or DeFi use cases. Koinly, on the other hand, only offers unlimited plans per tax year. This means: the more transactions, the bigger the advantage with CoinTracking.
Additionally, Koinly charges extra for the daily sync add-on, while CoinTracking provides an all-in-one solution.
CoinTracking price chart
| Transactions | ||||||
|---|---|---|---|---|---|---|
| Plan | 200 | 3,500 | 20,000 | 50,000 | 100,000 | Unlimited |
| 1 year | $0 | $119.88 | $203.88 | $263.88 | $359.88 | $719.88 |
| 2 years | $0 | $191.76 | $311.76 | $407.76 | $575.76 | $1,103.76 |
| Lifetime | $0 | $379.00 | $899.00 | $1,299.00 | $1,899.00 | $5,599.00 |
Koinly price chart
| Transactions | ||||||||
|---|---|---|---|---|---|---|---|---|
| Tax year | 100 | 1,000 | 3,000 | 10,000 | 20,000 | 50,000 | 100,000 | unlim. |
| 2023 | $39.00 | $89.00 | $169.00 | $249.00 | $349.00 | $649.00 | $1,149.00 | ❌ |
| 2023/2022 | $78.00 | $178.00 | $338.00 | $498.00 | $698.00 | $1,298.00 | $2,298.00 | ❌ |
| 2023/2022/2021 | $117.00 | $267.00 | $507.00 | $747.00 | $1,047.00 | $1,947.00 | $3,447.00 | ❌ |
| 2023/2022/2021/2020 | $156.00 | $356.00 | $676.00 | $996.00 | $1,396.00 | $2,596.00 | $4,596.00 | ❌ |
| 2023/2022/2021/2020/2019 | $195.00 | $445.00 | $845.00 | $1,245.00 | $1,745.00 | $3,245.00 | $5,745.00 | ❌ |
| Dual Nationality (+1 country) | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 |
| Daily Sync addon | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 | $49.00 |
Features
When it comes to security, CoinTracking has a clear edge by offering two-factor authentication available on both Android and iOS. Koinly is missing both this security feature and an iOS app. To better understand the benefits of CoinTracking, let's take a look at the core features of both platforms.
Portfolio Tracker
Portfolio tracking features are important to monitor crypto investments in real time and view detailed portfolio performance.
| CoinTracking | Koinly | |
|---|---|---|
| Historical Charts | 26,000+ | ❌ |
| Current prices | 26,000+ | 20,000+ |
| Total Value per Coin | ✅ | ✅ |
| Total Portfolio balance | ✅ | ✅ |
| Total Fiat balance | ✅ | ✅ |
| Total Trades | ✅ | ❌ |
| Trades per Exchange | ✅ | ❌ |
| Trades per Month | ✅ | ❌ |
| Balance by Day | ✅ | ✅ |
| Balance by Exchange | ✅ | ✅ |
| Balance by Currency | ✅ | ✅ |
Import of transactions
Both platforms allow users to import transactions from exchanges, wallets, and blockchains. CoinTracking customers particularly appreciate that all import functions work smoothly and reliably.
| CoinTracking | Koinly | |
|---|---|---|
| Exchanges | 141 | 400+ |
| Wallets & Blockchains | 200+ | 270+ |
| API Importer | 55 | available |
| CSV Importer | 86 | available |
| Legacy Importer | 22 | 3 |
| Transactions limit | unlimited (lifetime) | unlimited (per year) |
| Transaction types (buy, sell, etc.) | 41 | +19 |
| Backups | 20 | no |
| Sub-accounts | yes | no |
Portfolio Analysis Reports
CoinTracking offers significantly more comprehensive portfolio analytics with detailed reports on balances, gains, and trading statistics.
| CoinTracking | Koinly | |
|---|---|---|
| Current Balance | ✅ | ✅ |
| Balance by Exchange | ✅ | ❌ |
| Balance by Currency | ✅ | ❌ |
| Coins by Exchange | ✅ | ❌ |
| Realized Gains | ✅ | ✅ |
| Unrealized Gains | ✅ | ✅ |
| Tax-privileged Coins | ✅ | ✅ |
| Missing Transactions | ✅ | ❌ |
| Duplicate Transactions | ✅ | ❌ |
| NFT Center | ✅ | ❌ |
| Average Purchase Prices | ✅ | ❌ |
| Coin Charts | ✅ | ❌ |
| Coin Price Calculator | ✅ | ❌ |
| User Statistics | ✅ | ❌ |
| API Live Data check | ✅ | ❌ |
| Trading Statistics | ✅ | ❌ |
| Trading List | ✅ | ❌ |
| Trading Prices | ✅ | ❌ |
| Trading Fees | ✅ | ❌ |
| Number of Trades | ✅ | ❌ |
Tax report types
For tax reports, CoinTracking offers significantly more calculation methods and a broader range of supported report types.
| CoinTracking | Koinly | |
|---|---|---|
| Countries | 100+ | 25 |
| Tax methods | 14 | 9 |
| Transactions | unlimited | unlimited |
| Capital gains | ✅ | ✅ |
| Income | ✅ | ✅ |
| Margin gains | ✅ | ✅ |
| Gifts and donations | ✅ | ✅ |
| Fees | ✅ | ✅ |
| Lost and stolen Funds | ✅ | ✅ |
Tax Tool Integration
CoinTracking integrates with leading tax tools — including Wiso Steuer for the German-speaking market.
| CoinTracking | Koinly | |
|---|---|---|
| Turbotax | ✅ | ✅ |
| TaxACT | ✅ | ✅ |
| Drake | ✅ | ❌ |
| Wiso Steuer | ✅ | ❌ |
| Wealthsimple | ❌ | ✅ |
| HR block | ❌ | ✅ |
Tax Forms
CoinTracking supports official tax forms for numerous countries, covering a broader geographic range than its competitor.
| CoinTracking | Koinly | |
|---|---|---|
| USA (Form 8949) | ✅ | ✅ |
| USA (Form 8938) | ✅ | ❌ |
| USA (Form 1040) | ✅ | ❌ |
| USA (Schedule D) | ❌ | ✅ |
| Canada | ✅ | ✅ |
| Germany | ✅ | ❌ |
| Austria | ✅ | ❌ |
| UK | ✅ | ✅ |
| New Zealand | ✅ | ❌ |
| Australia | ✅ | ✅ |
| Sweden | ❌ | ✅ |
| France | ❌ | ✅ |
| Finland | ✅ | ✅ |
| Denmark | ✅ | ✅ |
| Norway | ❌ | ✅ |
| Swiss | ❌ | ✅ |
| Italy | ✅ | ❌ |
| Belgium | ✅ | ❌ |
| Spain | ✅ | ❌ |
| India | ✅ | ❌ |
Countries and languages
CoinTracking supports more than 100 countries and is available in 15 languages — ideal for international crypto investors.
| CoinTracking | Koinly | |
|---|---|---|
| Countries | 100+ | 25 |
| Languages | German, English, Spanish, French, Italian, Polish, Portuguese, Hindi, Russian, Albanian, Turkish, Vietnamese, Catalan, Korean, Chinese | English |
Conclusion
CoinTracking offers a superior alternative for crypto portfolio management and tax reporting. With its comprehensive features and affordable pricing, the platform is an excellent choice for those who value reliable portfolio management and want to efficiently generate tax reports.
