Software Alternatives & Reviews

Cover VS Koinly

Compare Cover VS Koinly and see what are their differences

Cover logo Cover

Insurance for you and you and you.

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.
  • Cover Landing page
    Landing page //
    2022-03-01
  • 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.

Cover

Categories
  • Insurance
  • Fintech
  • Tech
  • Healthcare Administration
Website cover.com
Pricing URL-
Details $-
Release Date-

Koinly

Categories
  • Finance
  • Cryptocurrencies
  • Taxes
  • Crypto Tax Reports
  • Crypto
  • Cryptocurrencies Dashboard
  • Bitcoin
  • Cryptocurrency Investment
Website koinly.io
Pricing URL Official Koinly Pricing
Details $freemium
Release Date2018-01-01

Cover videos

Tonneau Cover Game Changer: Review Pickup Truck Bed Covers Ford F150

More videos:

  • Review - etrailer | Adco Travel Trailer RV Cover Review
  • Review - Peragon Truck Bed Cover Review

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 Cover and Koinly)
Fintech
25 25%
75% 75
Cryptocurrencies
0 0%
100% 100
Insurance
100 100%
0% 0
Crypto
0 0%
100% 100

User comments

Share your experience with using Cover and Koinly. For example, how are they different and which one is better?
Log in or Post with

Reviews

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

Cover Reviews

We have no reviews of Cover yet.
Be the first one to post

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 more popular. It has been mentiond 306 times since March 2021. 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.

Cover mentions (0)

We have not tracked any mentions of Cover yet. Tracking of Cover recommendations started around Mar 2021.

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: 4 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 / 5 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: 9 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: 11 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: 11 months ago
View more

What are some alternatives?

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

Lemonade - Forget everything you know about insurance

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

Haven Life - Life insurance that's actually simple

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

Zego - Flexible insurance for on-demand workers

CryptoTrader.Tax - Tax software for cryptocurrency