Software Alternatives & Reviews

Koinly VS CryptoTrader.Tax

Compare Koinly VS CryptoTrader.Tax and see what are their differences

Koinly logo Koinly

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

CryptoTrader.Tax logo CryptoTrader.Tax

Tax software for cryptocurrency
  • 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.

  • CryptoTrader.Tax Landing page
    Landing page //
    2023-09-26

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

CryptoTrader.Tax

Categories
  • Fintech
  • Crypto
  • Cryptocurrencies
  • Finance
Website cryptotrader.tax
Pricing URL Official CryptoTrader.Tax Pricing
Details $-
Release Date-

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?

CryptoTrader.Tax videos

CryptoTrader.Tax Demo - How to file your crypto taxes

More videos:

  • Demo - How to do your crypto taxes - CryptoTrader.Tax Demo (2019)

Category Popularity

0-100% (relative to Koinly and CryptoTrader.Tax)
Cryptocurrencies
74 74%
26% 26
Crypto
68 68%
32% 32
Finance
86 86%
14% 14
Fintech
61 61%
39% 39

User comments

Share your experience with using Koinly and CryptoTrader.Tax. 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 CryptoTrader.Tax

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.

CryptoTrader.Tax Reviews

Best Cryptocurrency Tax Software: Complete Guide to the Top Options
At this point in time, this platform represents one of the market’s most popular choices, given the fact that it provides cryptocurrency traders and investors with a lightning fast method of calculating their capital gains, losses, and owed taxes. CryptoTrader.Tax promises up-to-date legislation and tax forms, in an effort to ensure that all clients can accurately calculate...
Source: blockonomi.com

Social recommendations and mentions

Based on our record, Koinly should be more popular than CryptoTrader.Tax. 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.

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 / 4 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

CryptoTrader.Tax mentions (170)

  • WTF is this waiting period to send crypto?
    Exodus can produce a API file that you can download into cryptotrader.tax. That's what I do and it reports every trade and staking rewards. I have been doing this for 2 consecutive years and it works great! Source: over 1 year ago
  • Crypto Tax Tools not working with Nexo
    Did you try cryptotrader.tax. They recently changed their name to Coin Ledger. I was able to pull the cvs that I needed from Nexo and just load them in. In fact you can load all the exchanges and this software will figure it out the cost basis for you. I would not attempt to do it manually. Source: almost 2 years ago
  • Capital gains
    Got the 8949 from cryptotrader.tax. It gave me the list of trades I did with gains and losses. Source: almost 2 years ago
  • Woot! Got approved for a irs and state extension using FreeTaxUSA :) NEVER USING TURBO-TAX AGAIN didn't get anything back from them about an extension.
    Oh also found out about cryptotrader.tax it's been a lifesaver. What I was using before made it seems like I made some insane amount in crypto when there was no way I did. This got everything looking right and did all the math for me. Bit pricy ($100 to get the final info) but well worth the math help using it. So one more tool to get correct info I need to file :). Source: almost 2 years ago
  • Taxes…what a headache
    Sorry, it was cryptotrader.tax , It took all my trades from all of my 6 applications I use and basically summarized my gains/losses. Source: almost 2 years ago
View more

What are some alternatives?

When comparing Koinly and CryptoTrader.Tax, you can also consider the following products

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

TokenTax - Crypto taxes made easy. TurboTax for cryptocurrency.

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

TaxBit - TaxBit is an advanced intelligence-based platform that allows getting the detailed overview of tax reports by interacting with digital cryptocurrency rates like Bitcoin, Ethereum, BlockFi, Coinbase, Gemini, and many more with easy-to-use exchanging …

Accointing - A crypto tax tool with a portfolio tracking platform