Koinly Review: Crypto Tax Reporting, Pricing and Support

Koinly is crypto tax software that imports transactions, calculates capital gains and generates cryptocurrency tax reports. Its free plan supports portfolio tracking, while paid plans unlock downloadable tax forms. This Koinly review examines pricing, integrations, accuracy, security and limitations for crypto investors and traders seeking to simplify tax filing across multiple exchanges and wallets.

Key Takeaways

• Koinly supports more than 1,000 direct integrations and tracks over 20,000 cryptocurrencies, according to its official product pages.

• The free plan offers portfolio tracking and tax previews; paid tax reports start at $49 per tax year.

• Koinly generates IRS Form 8949, Schedule D and localized tax reports for supported jurisdictions.

• Automatic imports, cost basis calculations and tax loss harvesting tools simplify reporting, but missing transactions can affect accuracy.

Koinly Review Snapshot

Koinly is a transaction tracking service, not a trading bot, crypto exchange or custodial wallet.

Koinly Features and Performance

Koinly combines crypto tax management, portfolio tracking and automated tax calculations in a user friendly interface.

Crypto Transaction Tracking and Cost Basis

Koinly automatically imports transaction history from exchange accounts and wallets. It categorizes crypto transactions into trades, deposits, withdrawals, transfers and income.

The crypto tax calculator estimates capital gains and losses using acquisition cost, selling price, transaction fees and fair market value.

Supported cost basis methods include:

• First In, First Out (FIFO)

• Last In, First Out (LIFO)

• Average Cost Basis

• Highest In, First Out (HIFO)

• Wallet-based cost tracking

Koinly tracks transfers between personal wallets to preserve cost basis and avoid mistakenly classifying every transfer as a sale.

Accurate tax calculations depend on importing all your transactions, including historical purchases and transfers between exchanges and wallets.

Crypto Tax Reports and Tax Loss Harvesting

The Tax Reports page provides a capital gains summary and downloadable reports for the selected tax year.

Koinly generates IRS-compatible Form 8949 and Schedule D, alongside reports used with TurboTax and TaxAct.

For U.S. taxpayers, the Internal Revenue Service generally treats cryptocurrency as property. Selling crypto or exchanging one cryptocurrency for another can generate taxable capital gains or losses.

Koinly also includes tax loss harvesting analysis to identify realized or potential losses that could offset capital gains where tax law permits.

Tax loss harvesting does not guarantee lower taxes. Jurisdiction-specific rules determine whether losses can offset gains or other income.

DeFi, NFT and Portfolio Tracking

Koinly supports cryptocurrency tax reporting for activities involving:

• Staking rewards, mining and airdrops

• Decentralized finance (DeFi) lending and liquidity provision

• NFT purchases, sales and supported blockchain imports

• Multiple crypto holdings and exchange balances

• Transaction fees and historical market prices

The portfolio tracking dashboard displays crypto assets, balances and estimated performance. It helps crypto investors understand their holdings across multiple platforms before tax season.

Koinly Pricing and Subscription Plans

Koinly uses a per-tax-year pricing structure rather than a mandatory recurring annual subscription.

Prices reflect the published Koinly pricing structure as checked on November 13, 2026.

Koinly fees depend primarily on transaction volume and the tax year requiring a report. Higher-volume traders may need expanded allowances.

The previously advertised $179 Trader price and $10 charge per additional 1,000 transactions are not confirmed by the current pricing page. Users should check the checkout price for additional transaction packages.

The Koinly free plan supports data import, portfolio tracking and capital gains previews. A paid plan is needed to download complete tax reports.

Koinly Integrations and Compatibility

Koinly supports automatic data import through API connections, public blockchain addresses and CSV files.

Its official integrations directory includes major exchanges such as Coinbase, Binance and Kraken, along with wallet integrations for MetaMask, Ledger and Trezor.

Koinly can also process DeFi transactions, Ethereum-based NFTs and activity on other supported networks.

API integrations synchronize transaction data, while CSV imports are useful when exchanges lack supported API connections.

For example, transaction exports from a crypto exchange account may be imported where the available file format is compatible.

Professional accountants can use Koinly's reporting tools to organize records for crypto clients. The platform also supports exports to compatible tax preparation software.

Koinly Data Accuracy, Security and Privacy

Koinly's tax calculations use imported transaction data, historical market prices and selected cost basis methods.

The platform includes duplicate-transaction checks, transfer matching and reconciliation tools. Still, automatically generated reports are not guaranteed to be accurate.

Missing transactions, incorrect fair market prices or incomplete exchange records can distort capital gains calculations.

According to Koinly's security documentation, its security measures include read-only API access, TLS encryption in transit, encryption at rest and third-party security audits.

Koinly does not require private keys or access to a bank account to calculate cryptocurrency taxes. It generally does not require identity verification solely to prepare tax reports.

Users should review its privacy policy for GDPR-related rights and data handling.

Specific claims concerning AES-256-GCM encryption, SOC 2 certification and ISO 27001 certification could not be independently established from the reviewed official security documentation.

Koinly Limitations and Restrictions

Koinly simplifies managing crypto taxes, but several limitations remain.

• Missing transactions: Incomplete imports can cause incorrect cost basis calculations.

• Duplicate transactions: Overlapping API and CSV records may need reconciliation.

• Complex DeFi activity: Staking, liquidity provision and NFT transactions sometimes require manual classification.

• Paid reporting: Complete tax reports are not included in the free plan.

• Geographic differences: Localized tax reports and available cost basis methods vary by country.

• High-volume trading: Thousands of transactions can increase subscription costs and reconciliation work.

Koinly cannot replace professional accountants or a financial advisor. Users remain responsible for reviewing reports and determining how much tax they must pay.

Koinly vs Alternatives

Other crypto tax software may offer different pricing, reporting formats and transaction limits. Users should compare current official plans before choosing a platform.

How This Review Was Conducted

This Koinly review examined official pricing information, integration documentation, tax reporting features, help resources and published security practices.

The assessment used publicly available documentation rather than hands-on account testing. No live tax reports were generated, and transaction accuracy or customer support response times were not independently benchmarked.

The review is informational and does not constitute tax, financial or investment advice.

FAQ

Is Koinly free to use?

Yes. Koinly offers a free plan with portfolio tracking, transaction imports and tax previews. Downloading complete tax reports requires a paid plan starting at $49 per tax year.

What data or features does Koinly provide?

Koinly provides transaction tracking, portfolio balances, capital gains calculations, cost basis reconciliation, tax loss harvesting analysis and cryptocurrency tax reports. It also tracks staking rewards, DeFi transactions and NFT activity.

Which integrations does Koinly support?

Koinly supports more than 1,000 direct integrations, including major crypto exchanges, wallets and blockchain networks. Users can import data through read-only API keys, public wallet addresses or CSV files.

What are the main limitations of Koinly?

Koinly depends on complete transaction data, correct cost basis settings and supported integrations. Missing transactions, complex DeFi activity and plan limits may require manual adjustments or professional tax assistance.