Koinly VS CoinSwitch

Compare Koinly VS CoinSwitch and see what are their differences

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Contents:

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» Alternatives

Koinly

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

CoinSwitch

First cryptocurrency and altcoin exchange aggregator.

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.

Landing page //
2023-09-16

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

CoinSwitch videos

+ Add

Coinswitch DEX / Decentralized Cryptocurrency Exchange: How To Use Guide | Bitcoin Lifestyles Club

Category Popularity

0-100% (relative to Koinly and CoinSwitch)

Koinly

CoinSwitch

Cryptocurrencies

78 78%

Cryptocurrencies

22% 22

Crypto

73 73%

Crypto

27% 27

Finance

100 100%

Finance

0% 0

Cryptocurrency Exchange

0 0%

Cryptocurrency Exchange

100% 100

User comments

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

Reviews

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

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.

Source: rigorousthemes.com

CoinSwitch Reviews

We have no reviews of CoinSwitch yet.
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Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than CoinSwitch. While we know about 306 links to Koinly, we've tracked only 2 mentions of CoinSwitch. 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 / 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

CoinSwitch mentions (2)

Top 5 React Native UI Libraries
My last react native application has millions of downloads, check it out here, Coinswitch. - Source: dev.to / over 1 year ago
It took 30 minutes to find a good Nano desktop wallet
I contacted Guarda about the strange M1 limitation. I also tweeted wallets.com to make sure they are aware of the dead wallets. I cannot figure out how to contact https://coinswitch.co. Source: almost 3 years ago