Software Alternatives & Reviews

Koinly VS BearTax

Compare Koinly VS BearTax and see what are their differences

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.

BearTax logo BearTax

Calculate and file crypto taxes in simple and easy steps 💸
  • 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.

  • BearTax Landing page
    Landing page //
    2019-02-12

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?

BearTax videos

BearTax Demo - Cryptocurrency Tax Calculation

More videos:

  • Demo - BearTax Demo
  • Review - BearTax CPA Cryptocurrency Tax Suite [Demo]

Category Popularity

0-100% (relative to Koinly and BearTax)
Cryptocurrencies
90 90%
10% 10
Fintech
74 74%
26% 26
Crypto
86 86%
14% 14
Finance
100 100%
0% 0

User comments

Share your experience with using Koinly and BearTax. For example, how are they different and which one is better?
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Reviews

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

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.

BearTax Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
Bear.Tax offers users a quick & easy tax filing and computing software that’s designed for the US market, yet is usable in other countries as well. The platform was designed to ensure compatibility with traders, accountants, fund managers, and other forms of cryptocurrency investors. 50+ exchange support, fairly-advantageous pricing plans, automation, and 24/7 customer...
Source: blockonomi.com
14 Best Crypto Tax Software to Ease Your Calculation and Be Compliant
BearTax works with FIFO and LIFO systems of reporting. One can upload entries and preview the capital gain/loss without paying anything.
Source: geekflare.com

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than BearTax. While we know about 306 links to Koinly, we've tracked only 3 mentions of BearTax. 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.

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 / 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: 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: 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: about 1 year ago
View more

BearTax mentions (3)

  • Cointracker 8949 and Dashboard not matching
    Cointracker sucks, tried them, cointracking, koinly, bear.tax and all...I ended up using Accointing.com. Source: about 2 years ago
  • Freaking out over crypto taxes
    You are not alone! This happens to everyone. You need a tax automation software that can connect to exchanges and bring the data. I generally use Beartax, as they support Japanese Yen and can support tax period for Japan. Source: over 2 years ago
  • What's the best website to import transactions for tax purposes? I have crypto all over the place and I would really like a platform that just allows me to upload the csv and it handles the rest.
    People were talking up bear.tax a few years ago but I found it wasn't quite fit for purpose for Australian exchanges but they let you do quite a lot for free. They've hopefully improved since then so could be worth a look. Source: about 3 years ago

What are some alternatives?

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

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

Accointing - A crypto tax tool with a portfolio tracking platform

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

TokenTax - Crypto taxes made easy. TurboTax for cryptocurrency.

CryptoTrader.Tax - Tax software for cryptocurrency

Coinpanda - Calculate & file tax reports for Bitcoin and cryptocurrencies. Made for traders and investors.