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Koinly Reviews

Koinly is a cryptocurrency tax software that helps you determine your capital gains and losses. Using the software, you can easily do your crypto taxes and make informed trading decisions in the future. Generate crypto tax reports in minutes through Koinly.

Basic plan

Free

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How customers feel about Koinly

Pricing and Features

Price

Free

Newbie

$49.00 /per tax year

Hodler

$99.00 /per tax year

Free Plan

Import

Security

Data Recovery

24/7 CSR

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Summary

Koinly is a good product, but it is not the best on the market. Koinly offers a Double-Entry Ledger System which is not offered by most of other services. This system allows to track your income and expenses in details. Also Koinly has an Email Verification feature, which is quite rare to be found in other services. This feature allows you to verify your email address and get rid of spam messages. Koinly also has a Multi-Factor Authentication feature, which is not very common for other services. This feature allows you to set up an additional security layer for your account. Koinly is missing some common features, such as Portfolio Analyzer, API Import Tool, Mutli-Crypto Currencies Support, Import and Export Format Supported, Multiple blockchain Support, Professional Help, Cost Basis, Unlimited Transactions, Mutliple Blockchain Support, Premium Customer Support, Free Plan, Audit Trail Report and LiteCoin (LTC) import. On the other hand, Koinly has some unique features which are not offered by most of other services. These features include Double-Entry Ledger System, Email Verification, Income Classification Section, Multi-Factor Authentication and Multi-Language Support.


In their reviews, users have mentioned that Koinly is a great crypto tax software because it is easy to use, has lots of long-time users, and is highly recommended by other users. Additionally, they say that customer service is great and that the software has saved them a lot of time.

Frequently Asked Questions

Koinly Crypto tax software lets you verify your imports, ensuring that everything is accurate. The Crypto tax software also has 98% accuracy in matching transfers between your wallets.


The software uses time-based heuristics and matching techniques to provide top-notch accuracy. You can also check your transactions on Koinly to ensure that it matches your wallet.


Unlike other tax calculators that use daily averages, Koinly updates the pricing data a few times daily. As the crypto market is volatile, seeing the prices update constantly gives you a greater sense of accuracy.

Koinly offers multiple plans that match your needs. They have affordable pricing for crypto beginners, holders, or traders, each tier having unique features. They even offer a free plan with the essential attributes, which you can use for as long as you want.


To download your tax reports, you need to purchase a paid plan. You can also upgrade your plan if you are over your transaction limit. Check their website to get the latest price plans.

All price plans include unlimited wallets and exchange accounts. Koinly supports every crypto added on CoinMarketCap and all the tokens added on ETH, BSC, AVAX, FTM, and others. There are over 17,000 cryptocurrencies and more than 400 exchanges supported.


The available exchanges include Coinbase, Binance, Bittrex, and many others. To see the up-to-date list of all the cryptocurrencies available on Koinly, log in to your account and go to the Markets page.

Data security is of utmost importance at Koinly. That's why they apply the best security practices to keep accounts protected.


Product Security

There are no passwords stored on Koinly, as it uses authentication via Google or Coinbase. However, if you sign up using your email, your password gets stored via the PBKDF function. All keys have encryption, and Koinly does not use private keys.


Application Security

At Koinly, all services and data are hosted on the cloud-based platform Heroku. The application offers multi-level protection for all customers, eliminating all possible security threats. A user's data can only get accessed by authorized personnel. The crypto tax software uses third-party tools to scan for data breaches.


Additional Security Features

All Koinly employees undergo extensive Security and Awareness training. The company also does background checks to comply with the local law. Lastly, employees must sign a confidentiality agreement that helps ensure no data is leaked.



Yes, you can download your tax documents on Koinly. However, you need to purchase a paid plan to use this feature. Once you avail of a plan, report generation and download are unlimited.