Software Alternatives, Accelerators & Startups

Koinly VS Cryptohopper

Compare Koinly VS Cryptohopper and see what are their differences

Koinly logo Koinly

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

Cryptohopper logo Cryptohopper

Cryptohopper is the best crypto trading bot currently available, 24/7 trading automatically in the cloud. Easy to use, powerful and extremely safe. Trade your cryptocurrency now with Cryptohopper, the automated crypto trading bot.
  • 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.

  • Cryptohopper Landing page
    Landing page //
    2023-08-18

Koinly features and specs

  • User-Friendly Interface
    Koinly offers an intuitive and easy-to-navigate interface, making it accessible for both novice and experienced crypto investors.
  • Comprehensive Transaction Tracking
    The platform supports a wide range of cryptocurrencies and integrates with numerous exchanges and wallets, allowing for detailed transaction tracking.
  • Tax Reporting
    Koinly provides automated tax reports that comply with the regulations in various countries, simplifying the process of filing crypto taxes.
  • Accurate Calculations
    Koinly uses advanced algorithms to accurately calculate gains, losses, and income from your crypto activities.
  • Excellent Customer Support
    Users generally report positive experiences with Koinly's customer support, which is responsive and helpful.
  • Portfolio Insights
    The platform offers valuable insights into your crypto portfolio, including detailed analytics and performance tracking.

Possible disadvantages of Koinly

  • Cost
    While Koinly offers a free plan, advanced features and comprehensive reporting require a paid subscription, which might be expensive for some users.
  • Limited Free Plan
    The free plan has limitations on the number of transactions it can handle, which may not be sufficient for active traders.
  • Complex Transactions
    Some users have reported that the platform struggles with the accurate categorization and calculation of more complex transactions, such as DeFi activities.
  • Privacy Concerns
    Some users may be concerned about providing access to their exchange and wallet data, which involves sharing sensitive financial information with a third-party service.
  • Data Sync Issues
    Occasionally, there are reports of synchronization issues where data from exchanges or wallets doesn't update correctly or promptly.
  • Learning Curve for Detailed Features
    While basic features are user-friendly, some of the more advanced tools and customization options might have a steeper learning curve.

Cryptohopper features and specs

  • User-Friendly Interface
    Cryptohopper offers a clean, intuitive interface that makes it accessible for both beginners and experienced traders. The dashboard is well-organized, allowing users to easily navigate through different features and functionalities.
  • Automated Trading
    Cryptohopper enables users to automate their trading strategies with customizable bots. This allows traders to execute trades 24/7, even when they are not actively monitoring the market.
  • Marketplace for Strategies
    The platform offers a marketplace where users can buy and sell trading strategies and templates. This feature allows traders to explore various strategies and adopt those that best fit their trading style.
  • Backtesting
    Cryptohopper provides a backtesting feature that allows users to test their trading strategies against historical data. This helps users validate their strategies before putting real money at risk.
  • Cloud-Based
    Being cloud-based, Cryptohopper does not require any software downloads. Users can access their accounts and manage their bots from any device with an internet connection.

Possible disadvantages of Cryptohopper

  • Cost
    Cryptohopper offers several subscription plans, which can be expensive for some users. The more advanced features are only available in higher-tier plans, which may not be affordable for everyone.
  • Complexity for Beginners
    Despite its user-friendly interface, the array of features and settings can be overwhelming for beginners. Users without prior trading or technical experience may find it challenging to set up and optimize their trading bots.
  • Dependence on External Signals
    The effectiveness of Cryptohopper can depend heavily on external signals and strategies, which may not always be reliable. Poor quality signals can lead to substantial losses.
  • Limited Exchange Support
    While Cryptohopper supports several major exchanges, it does not cover all the available cryptocurrency exchanges. Users whose preferred exchange is not supported will have to either switch exchanges or not use the platform.
  • Customer Support
    Some users have reported slow customer support response times and limited support options, which can be frustrating when dealing with urgent issues or technical problems.

Analysis of Koinly

Overall verdict

  • Overall, Koinly is considered a reliable and efficient tool for managing cryptocurrency taxes. It is well-suited for individuals who seek an automated solution to handle their crypto tax responsibilities and wish to ensure compliance without hassle.

Why this product is good

  • Koinly is often regarded as a good cryptocurrency tax software due to its user-friendly interface, comprehensive support for a wide range of exchanges and wallets, and its ability to generate tax reports compliant with various countries' regulations. It automates the tedious process of tracking transactions, calculating gains and losses, and preparing necessary tax documents. Additionally, it supports multiple currencies and offers detailed features that cater to both casual investors and professional traders.

Recommended for

  • Cryptocurrency investors seeking an easy-to-use tax solution
  • Frequent traders needing comprehensive transaction tracking
  • Individuals looking for a software compatible with various international tax jurisdictions
  • Users who want to automate their tax reporting process

Analysis of Cryptohopper

Overall verdict

  • Cryptohopper is a reliable and versatile platform for both novice and experienced traders looking to automate their crypto trading activities. It is praised for its comprehensive tools, ease of use, and ongoing updates that keep it competitive in the market.

Why this product is good

  • Cryptohopper is considered a good option for automated trading due to its wide range of features, including support for multiple exchanges, customizable trading strategies, and a user-friendly interface. It offers features like backtesting, market-making, and paper trading, which help users refine their trading strategies. Additionally, its integration with various technical analysis tools and signalers enables users to make informed trading decisions.

Recommended for

    Cryptohopper is recommended for cryptocurrency traders who are looking to automate their trading strategies. It is suitable for beginner traders who want to learn and experiment with automation in a risk-free environment as well as for experienced traders seeking advanced tools and customization to enhance their trading performance.

Koinly videos

Rippleโ€™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?

Cryptohopper videos

Cryptohopper Review - The best Binance exchange Trading Bot Ever

More videos:

  • Review - Cryptohopper Seven Day Trial Scam Review! Is Crypto Hopper legit?
  • Review - Cryptohopper Review: The BEST Crypto Trading Bot for Beginners?!
  • Review - Cryptohopper Review: My setup & configuration for true daily gains
  • Review - CryptoHopper - 2 Months - The Best Money Even After Mistakes

Category Popularity

0-100% (relative to Koinly and Cryptohopper)
Cryptocurrencies
62 62%
38% 38
Crypto
100 100%
0% 0
Cryptocurrency Trading
0 0%
100% 100
Finance
100 100%
0% 0

User comments

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Reviews

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

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 Koinlyโ€™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.

Cryptohopper Reviews

  1. cryptohopper review

    Profitable Trading Bot


10 BEST Crypto Trading Bots for Automated Trading (2023)
Cryptohopper is one of the best-automated trading bots that helps you to manage all crypto exchange accounts in one place. It allows you to trade for BTC, Litecoin, Ethereum, and more.
Source: www.guru99.com
10 Best Crypto Bots
Another popular trading bot in the cryptocurrency market is Cryptohopper, which is popular due to the features it offers to users. One of the features of this robot is the simultaneous management of user accounts in different exchanges in one place.
Source: barterify.org
Introducing 4 Profitable Trading Bot
Cryptohopper Trader Robot is one of the best cryptocurrency trading robots in the world, which allows the user to manage all their accounts in cryptocurrencies through a single account.
Source: medium.com
Best crypto trading bots 2020
Cryptohopper is a cloud-based platform for automated trading that saw the light in 2017. These days the service offers you different trading bot types, multiple strategies, technical analysis tools, paper trading and stop losses to manage risks.
Source: tradesanta.com
CryptoHopper vs TradeSanta | Automate Your Trading With Crypto Bots
TradeSanta offers some features unavailable for Cryptohopper users such as Grid strategy and Smart order. It is more user friendly, still enjoying the same powerful functionality of an automated bot. The pricing is also lower, than the one of Cryptohopper.

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than Cryptohopper. While we know about 306 links to Koinly, we've tracked only 3 mentions of Cryptohopper. 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: over 2 years 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 / over 2 years 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: about 3 years ago
  • I made around 90K profit from a meme coin (crypto)recently and Iโ€™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: about 3 years 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 3 years ago
View more

Cryptohopper mentions (3)

  • My crypto trading bot CRYPTOHOPPER.COM and FTX.US exchange Setup and Configuration
    Hello fellow crypto investors. I created a video of my crypto trading bot. It took me some time to set it up. If you are using cryptohopper.com and ftx.us , check out my setup. If you have a better Strategy and Signals (Free and/or Paid), please message me and let me know what your setup is so I can try it out and record metrics. Here is mine:. Source: over 3 years ago
  • $$$ TOP AFFILIATE PROGRAMS 2022 $$$
    Cryptohopper -- 10-15% Recurring Commission -- https://cryptohopper.com -- Cryptocurrency. Source: about 4 years ago
  • Cryptohopper Market Arbitrage Bot Shame
    There is a big bug in the arbitrage bot on cryptohopper.com and a shameless answer from the company. Source: over 4 years ago

What are some alternatives?

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

3commas - 3commas.io provides tools for cryptocurrency traders and investors.

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

Coinrule - Coinrule empowers traders to compete with professional algorithmic traders and hedge funds.

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

TradeSanta - Trade Santa is a cloud software platform that automates crypto trading strategies. Cryptocurrency trading bots are available for Binance, Huobi, Upbit, Bittrex, Bitfinex, and Hitbtc.