Software Alternatives & Reviews

Binance VS Koinly

Compare Binance VS Koinly and see what are their differences

Binance logo Binance

Cryptocurrencies exchange platform

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.
  • Binance Landing page
    Landing page //
    2023-05-09
  • Koinly Landing page
    Landing page //
    2021-10-12

Koinly is a cryptocurrency calculator trusted by crypto investors in over 20 countries. Koinly integrates with 700+ exchanges, blockchains, and wallets to give investors an easy and accurate way to track their crypto transactions in one place. From here, Koinly calculates the total capital gains and income an investor has derived from their crypto in any financial year.

Binance videos

Binance US Review: What You NEED to Know!

More videos:

  • Review - Binance Review
  • Review - Binance Review 2019 - Is This the Best Exchange?

Koinly videos

Ripple’s Shareholder SBI Invest in QIWI. Ripple Unleashes 1B XRP. Koinly to Add Support for XRP!

More videos:

  • Review - Koinly Review - Paying Taxes on Crypto The Easy Way
  • Review - Koinly Review: The BEST for Crypto Taxes?

Category Popularity

0-100% (relative to Binance and Koinly)
Cryptocurrencies
63 63%
37% 37
Crypto
62 62%
38% 38
Cryptocurrency Exchange
100 100%
0% 0
Finance
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Binance and Koinly

Binance Reviews

  1. Best cryptocurrency exchanges on the market

    I have been using Binance for over a year, the user interface is intuitive, which makes it simple for beginners to get started, the fees are competitive. Overall, Binance has been a great choice for my trading needs

    🏁 Competitors: Bybit, , Coinbase

5 Top Cryptocurrency Exchange APIs for Developers
Quick Overview: Binance API is highly reliable and widely used in the cryptocurrency community. It offers extensive documentation and support for spot and futures trading, with WebSocket and RESTful endpoints ensuring efficient communication. Although it requires a thorough understanding of trading concepts, Binance API remains a stalwart choice for traders seeking a...
Source: bitcoinist.com
Best Crypto Exchanges in Europe in 2022 (Ranked and Reviewed)
Altcoins are any cryptocurrencies other than bitcoin, including Ethereum, Cardano, Solana, and Binance Coin. We can say that the best European cryptocurrency exchanges are also the best altcoin exchanges. You can buy altcoins in Etoro, Coinbase, Binance, Crypto.com, and in many other platforms, such as Kraken, Bitpanda, Nexo, etc.
6 Best Coinbase Alternatives for 2022
Unlike eToro, Binance offers no real education or beginner training. The platform caters to people who’ve been trading with crypto for at least a while. Its “Binance Wallet” supports daily traders well, but new investors may find it tricky to use at first.
BEST 25 Coinbase Alternatives (2021 Update)
Binance is a crypto exchange that offers a platform for trading more than 150 cryptocurrencies. This is a strong coinbase alternative that has an API that helps you to integrate your current trading application.
Source: www.guru99.com
20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021
Binance is one of the best platforms to create bitcoin wallet that offers a platform for trading more than 150 cryptocurrencies. It provides an API that helps you to integrate your current trading application.
Source: www.guru99.com

Koinly Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
The automated data import is available via either an API exchange connection or by adding cryptocurrency wallet addresses. Data on margin trading, futures trading, staking, lending and DeFi can also be imported. An interesting feature is Koinly’s smart transfer matching, which leverages an artificial intelligence system to detect transfers that are made between your personal...
Source: blockonomi.com
14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
Koinly has a very generous free subscription that permits up to 10,000 transactions with lots of additional features. It supports the usual FIFO, LIFO, average cost basis, etc., for tax accountancy.
Source: geekflare.com
15 Best Koinly Alternatives 2022
As the name suggests, CryptoTax Calculator provides easy-to-understand tax calculations with customizable rules to support your unique tax needs. CryptoTax Calculator is an excellent Koinly substitute that does a better job than Koinly in giving powerful and accurate tax reports.

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than Binance. While we know about 306 links to Koinly, we've tracked only 2 mentions of Binance. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Binance mentions (2)

  • Withdraw Binance.com to Binance.us account
    Hello support. I'm in the US and have a Binance.com account I opened back in 2017. I recently tried to withdraw from this account and withdrawals have been suspended. I was unaware that I needed to migrate to binance.us. I have not yet filed an appeal. I just opened a binance.us account and am awaiting appeal. I'm unable to verify on binance.com/en because there is no option for US users. If my withdrawals are... Source: over 2 years ago
  • "Verify failed, please reload and try again" - Binance.US
    Same, had a problem with binance.com/en, thinking it was "English", instead of binance.US. So confusing. Now, nothing works. Maybe I am dumb for thinking that binance.com/en is not the US version? Source: almost 3 years ago

Koinly mentions (306)

  • Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?
    Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 5 months ago
  • 48-nation bloc to crack down on using crypto assets to avoid tax
    Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 6 months ago
  • Questions about defi
    -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 10 months ago
  • I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?
    Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: 12 months ago
  • Staked ETH Rewards on Coinbase
    I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago
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What are some alternatives?

When comparing Binance and Koinly, you can also consider the following products

Coinbase - Bitcoin, safe and easy.

CoinTracking - All Coins, all Analyzes, all Calculations, all Charts and all Prices for Bitcoin, Litecoin...

changelly - Exchange alternative cryptocurrencies.

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

Bitfinex - Bitfinex is the largest and most advanced crypto-currencies trading platform.

CryptoTrader.Tax - Tax software for cryptocurrency