About Koinly
Founded in 2019, Koinly is a global cryptocurrency platform with offices in the United Kingdom, the United States, Sweden, and Germany. Its terms of service name Koinly Pte Ltd, a company registered in Singapore, as the owner and operator, and Ledgerly LLC as the merchant of record for paid plans.
The platform supports data input through API, CSV files, or x/y/zpub keys and enables users to produce reports in downloadable pdf format. This includes the United States, the United Kingdom, Canada, Australia, and New Zealand.
Koinly offers a complete online crypto taxes auditing service, connecting users with certified tax professionals in their area and producing various tax reports such as First In First Out (FIFO) and Last In First Out (LIFO), Form 8949, Schedule D, and International tax reports.
What Is Koinly?
Koinly is a cryptocurrency tax calculator as well as software that allows you to record your taxable income depending on your trading, mining, staking, and airdrop activities. It is helpful for private traders or investors and corporate or professional accountants who work with cryptocurrency investors.
The Koinly app offers a hands-off approach! All you have to do to get started is join your exchanges, wallets, or other services by providing their API keys, and it will handle everything else for you automatically.
Your financial dealings will be imported without your intervention. Additionally, it will compute all market prices when you trade, match transfers inside your wallets (so that you won’t have to pay taxes on these transactions), figure out your cryptocurrency profits and losses, and create your cryptocurrency tax returns.
How does Koinly work?
A Koinly account may be thought of as an enhanced Excel spreadsheet. When executing a large number of computations, it does it in a timely and reliable manner.
The first thing you need to do is import your previous transactions into the application. After that, you will need to get your API keys from your wallet and enter them into Koinly. You also have the option to export the CSV file stored in your wallet to extract the data using Koinly.
The next thing that must be done is a thorough inspection to ensure everything was imported accurately. One more time, you do not have to pay anything to get this overview. You may think of this as a conventional portfolio tracking application since it enables you to monitor all of your bitcoin assets across various platforms and services.
You are required to export all Koinly-generated tax reports to file your taxes, whether you do it manually or use tax preparation software like TurboTax (you must purchase one of the available packages to do this).
Koinly can produce various forms, including Form 8949 and Schedule D. If you file taxes in the United States, Koinly can also generate fully-filled IRS tax forms for you.
Koinly Pros and Cons
Pros
- Available in more than 20 tax jurisdictions
- 3 paid plans, priced per tax year
- A free version is available
- Calculate taxes for use cases like staking, DeFi and NFTs
- Extensive cryptocurrency and exchange support
Cons
- Expensive for big traders
- Tax reports are bought separately for each tax year
Features
Koinly, one of the most famous players in the market for cryptocurrency tax software, has several characteristics that set it apart from the other options available.
Multi-Country Koinly Support
This platform is accessible to users in over 20 countries worldwide, including Europe, Asia, Oceania, and the Americas. Koinly users can also produce locally customized versions of Form 8949 and tax reports using Schedule D, K4, Rf1159, and Sheet 9A.
Integrations
Koinly supports more than 50,000 coins and provides automated imports for blockchains such as Bitcoin, Ethereum, Solana, Litecoin, and NEO. In addition, Koinly offers extensive service integration.
Additionally, it has more than 1,000 direct integrations, including exchanges such as Binance, Coinbase, and Kraken; portfolio applications, such as Blockfolio and Delta; and wallets. It also supports more than 7,200 DeFi protocols and enables you to conveniently keep track of mining, staking, and a variety of other DeFi activities.
Tax Reporting
Koinly gives you access to several tools that may help you determine any problems with your transactions and ensure that they are as accurate as possible when completing a crypto tax return. Some of these tools are as follows:
Deleted Transactions: Draws attention to problems that lead to negative account balances, such as incorrect imports or absent transactions
Verification of Auto Import: Use the API to automatically validate your wallets to confirm that all of the data was imported correctly and to pass the verification of the automated import.
Easy Data Importing
Koinly enables you to connect with a range of services via the application programming interface (API) and critical import data. In addition, manual CSV file imports, xPub/yPub/zPub imports, and data migrations from Nexo, Deribit, BlockFi, Bitmex, and CoinTracking are all supported.
Tax Loss Harvesting
Using this platform makes the process of tax loss harvesting simple. Koinly will explore the data you provide to find possibilities for you to realize losses that may be carried forward or used to offset gains in other sections of your portfolio, reducing the amount of money you owe in overall taxes.
Free Account
The software allows the free tracking of up to 10,000 transactions and the generation of previews of potential capital gains tax liabilities. You can use the free account unlimitedly to keep tabs on all your cryptocurrency transactions and activities.
Koinly offers its customers a comprehensive list of tools, including a Crypto Tax Calculator, Regional Tax Guides, a list of Tax Accountants, and a blog, to keep its users up to date on the latest cryptocurrency news and process to file taxes.
Countries Supported:
This crypto tax monitoring program will reportedly be usable by the vast majority of cryptocurrency users throughout the globe, as stated on the Koinly website.
If the reporting template used in your nation is the same as that used in other jurisdictions around the globe, then you will be able to utilize Koinly.
A basic Koinly crypto tax software template is standard in various jurisdictions worldwide. In addition, Koinly’s website identifies the following nations as ones that are supported:
- United States
- Canada
- Australia
- New Zealand
- United Kingdom
- Germany
- Sweden
- Denmark
- Finland
- Norway
- Netherlands
- France
- Spain
- Italy
- Austria
- Liechtenstein
- Czech Republic
- Estonia
- Malta
- Japan
- South Korea
- Singapore
As of October 2026, Koinly says it supports every country that calculates gains with average cost, FIFO, LIFO or HIFO, and it offers specialised reports for countries such as the US, Canada, Australia, the UK, Germany, Norway, Denmark and Sweden. It reports users in more than 140 countries, and its homepage says it is available in 20+ countries.
Tax Reports Generated:
Koinly is capable of producing a wide variety of localized tax reports for a variety of nations, such as the following:
- Capital gains summary for UK
- Form 8949 and Schedule D
- Form 1099-DA reconciliation (US)
- Swiss Valuation Report
- Sheet 9A
- Rf1159
- K4
In addition to more conventional tax documents, some additional localized reports are also generated for users, which include the following:
Complete Crypto Tax Reports
This report may be obtained as a PDF and comprises a summary of your income, assets, end-of-year balances, and capital gain transactions. Crypto tax report also includes a summary of your capital gains, margin gains, and capital gain transactions.
Transaction Reports
These are comprehensive records of your business dealings that can be saved as a CSV file.
Capital Gains Report
This is a comma-separated value file that lists all of your sales.
Income Report
This CSV file details all of the transactions pertaining to your income, such as forks, interest, staking rewards, and airdrops.
Reports on Gifts, Donations, and Lost Assets
This is a comma-separated value file that includes any transactions that have been labeled as a Gift, Donation, or Lost.
Expense Reports
This CSV file includes all transactions classified with the cost category. On the other hand, your trading costs have already been considered in your capital gains report; therefore, they are omitted here.
Reports on Holdings at the End of the Year
This CSV file lists your holdings at the end of the tax year.
Reports for TurboTax
These are comma-separated value (CSV) files that provide your financial transactions in a format compatible with the tax program TurboTax. Koinly’s homepage also lists FreeTaxUSA alongside TurboTax.
Koinly Supported Exchanges
Since the Koinly app has more than 1,000 direct integrations with exchanges, wallets and blockchains, it would be unrealistic to mention all of the exchanges that Koinly is compatible with within this article. The degree of assistance that is offered for each transaction has the potential to differ.
Koinly only has full access to some action that has ever taken place on your exchange account since, for example, certain exchange APIs do not supply Koinly with such information.
You need to investigate this matter before selecting Koinly as your cryptocurrency tax solution since some actions, such as purchasing bitcoin with a debit card or seeing the history of your margin trading, are simply not possible through an exchange’s application programming interface (API).
The following is a list of some of the most well-known crypto exchanges and other services that Koinly natively supports:
- Binance
- Bittrex (closed, still on Koinly’s list for past trades)
- Bitstamp
- Bybit
- Changelly
- Coinbase
- Gate.io
- Gemini
- Kraken
- Kucoin
- OKX
Koinly Supported Wallets
Some of the Wallets that Koinly supports include the following:
- Electrum
- Enjin
- Exodus
- Ledger
- Metamask
- Mycelium
- Parity
- Phantom
- Trezor
- TrustWallet
Koinly Supported Blockchains
Koinly supports more than 50,000 coins through CSV import and manual input. It also has automated import for dozens of blockchains, including Bitcoin, Ethereum, Solana, Avalanche, Polygon, Binance chain, Litecoin, NEO, and EOS.
Plans break down:
Users have access to a free version and three paid plans of the Koinly cryptocurrency tax app. Paid plans are priced per tax year, not as a subscription, and the price depends on how many transactions you have. The prices below are the US dollar prices on Koinly’s pricing page in October 2026.
Free
The Free tier of Koinly does not need any kind of payment whatsoever, as is clear. Unbelievably, the free edition of Koinly still provides access to the vast majority of the app’s functions.
Nevertheless, the most significant limitation for users who choose the free version is that they cannot create any tax reports using the app. You will only be able to do a little with the capital gains preview that may be made with the app.
Although you can import your entire cryptocurrency portfolio from your multiple exchange accounts and wallets (up to 10,000 transactions), you will need more time to accomplish this.
You can get a pretty good idea of how much you’re going to owe in taxes by using the free version of Koinly, but if you want any piece of software to finish and file your taxes for you, you’re going to have to spend at least a little bit of money for it.
Newbie: $49 Per Tax Year
The fee for the least expensive paid edition of Koinly is $49 per tax year. The primary extra function available when upgrading to this program’s Newbie tier is the ability to download your tax reports, such as Form 8949 and TurboTax files.
However, the Newbie plan covers only 100 transactions.
Custom file imports for your cryptocurrency portfolio and a more in-depth cost analysis on how Koinly computed your taxes are the other two extra capabilities that come with this premium edition of the program.
Both of these features may be accessed by upgrading to the paid version. If you make a few deals each year and want everything related to your taxes to be handled automatically, then this will be your best option.
Hodler and Trader: $99 or From $199
The Hodler and Trader levels of the Koinly app are the most priced. The sole difference between the Newbie tier and the Hodler tier is that the Newbie tier only allows you to import 100 crypto transactions. In contrast, the Hodler tier will enable you to import up to 1,000 crypto transactions.
The Hodler edition of Koinly costs $99 per tax year. The Trader tier starts at 3,000 transactions, and you can buy more in the app, up to 100,000 on a regular account. Every paid plan includes email and chat support.
The version of Koinly, known as Trader, costs from $199 per tax year and is designed to be of the most outstanding value to traders who often move funds into and out of various cryptocurrencies.
Koinly accepts card payments and cryptocurrency (BTC, ETH, DAI and USDC), and it offers a 7-day refund guarantee.
Koinly Security Features
The team places a high priority on maintaining the confidence of customers and keeping user data secure. To this end, they use a variety of security policies that are aimed to prevent any exploits or breaches.
The most crucial thing to note is that Koinly does not need your private keys in order to access any monies that are housed in your exchange accounts.
However, since it communicates with your accounts through API, it is always a good idea to restrict the ability to withdraw money and trade while you are creating your API connections. This is because it is possible for hackers to exploit this vulnerability.
Before being saved, all API and blockchain keys are encrypted using aes-256-gcm encryption. Additionally, the website is entirely delivered via https, and all data sent to or from Koinly is protected using 256-bit encryption.
In addition, Koinly’s services and data are hosted on Heroku, according to its security page (revised July 2023).
Heroku is a safe cloud application platform that separates client programs and data.
Conclusion:
If you live in a country where Koinly is available and need a tool to keep track of your crypto activities to generate tax reports, you may use Koinly. The simple web-based interface lets you instantly sync your wallet addresses and exchange accounts.
The platform has strong primary functionality and good integration with a large variety of crypto service providers. The convenience and ease with which transactions are recorded and managed are greatly enhanced by the service offered.
Questions:
Is Koinly Legitimate?
Koinly is a legitimate company. It uses your API credentials to read data from your exchange accounts, and it does not need private keys or access to your funds. Koinly recommends turning off trading and withdrawal permissions when you create those API keys.
With read-only keys, it is unable to trade on your behalf or take funds from your account. By extension, a possible hacker who would damage the Koinly platform does not have access to that same choice, since it is not accessible.
Is it safe to connect to Koinly?
Koinly only needs read-only API permissions, so linking it to an exchange is low risk as long as the API keys you create cannot trade or withdraw.
How accurate is Koinly?
It has a precision that is more than 98%. You may check that all of the transactions that took place between your own wallets have been matched by going into Koinly and going through your transactions there.
What is better than Koinly?
One of the greatest tax software options for complete tax reports for cryptocurrency traders is Koinly. Zenledger and Coinledger are two other useful tools that are also available. You can also check out our top picks for Best Crypto Tax Software for 2026, which also includes Koinly as the best option.
