Software Alternatives, Accelerators & Startups

Koinly VS Etherscan

Compare Koinly VS Etherscan and see what are their differences

Koinly logo Koinly

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

Etherscan logo Etherscan

Etherscan China allows you to explore and search the Ethereum blockchain for transactions, addresses, tokens, prices and other activities taking place on Ethereum (ETH)
  • 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.

  • Etherscan Landing page
    Landing page //
    2023-09-19

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.

Etherscan features and specs

  • Transparency
    Etherscan provides detailed information on Ethereum transactions, smart contracts, and accounts, enhancing transparency for users and developers.
  • User-Friendly Interface
    It offers a straightforward and intuitive interface that makes it easy for users to navigate and find information quickly, even for those not deeply familiar with blockchain technology.
  • Comprehensive Data
    Etherscan provides a wealth of data, including transaction histories, gas fees, and block information, allowing users to conduct in-depth analysis.
  • Verification Features
    Users can verify smart contract code and ownership, which helps in building trust and security within the Ethereum ecosystem.
  • Free Access
    Etherscan is available to the public free of charge, providing valuable data and insights to anyone interested in Ethereum blockchain.

Possible disadvantages of Etherscan

  • Limited to Ethereum Blockchain
    Etherscan is specific to the Ethereum blockchain, which limits its utility for users interested in multi-chain information.
  • No Real-Time Alerts
    Etherscan does not provide real-time alerts for transactions, which can be a drawback for users needing instant updates for monitoring purposes.
  • Complexity for Beginners
    Despite a user-friendly interface, the vast array of data and information can be overwhelming for users who lack foundational knowledge of blockchain technology.
  • Privacy Concerns
    As a public explorer, Etherscan enables tracking of transactions and wallet balances, potentially raising privacy concerns for users unfamiliar with blockchain transparency.
  • Dependence on Other Sources
    Users might need to rely on additional sources for comprehensive analysis or real-time trading data, as Etherscan primarily serves as a blockchain explorer.

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

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?

Etherscan videos

HOW TO USE ETHERSCAN: A BRIEF OVERVIEW

More videos:

  • Tutorial - How To Use Etherscan? | Everything You Should Know About Etherscan.
  • Review - Using Etherscan for Scam Analysis

Category Popularity

0-100% (relative to Koinly and Etherscan)
Cryptocurrencies
95 95%
5% 5
Blockchain
0 0%
100% 100
Crypto
96 96%
4% 4
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 Etherscan

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.

Etherscan Reviews

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

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than Etherscan. While we know about 306 links to Koinly, we've tracked only 4 mentions of Etherscan. 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: over 3 years ago
View more

Etherscan mentions (4)

  • What Is Web3 User Analytics? A Complete Guide to Driving Growth
    Onchain: Wallet activity and onchain transactions (Etherscan). - Source: dev.to / 4 months ago
  • 7 Mistakes Developers Make When Integrating DEX Swaps
    Etherscan data shows that roughly 12% of failed transactions on Ethereum in 2025 ran out of gas. Multi-hop swap routes use significantly more gas than simple transfers. A direct ETH-to-USDC swap might use 150,000 gas, while a three-hop route through intermediate pools can exceed 500,000. - Source: dev.to / 4 months ago
  • 7 Best Crypto APIs for AI Agent Development in 2026
    Etherscan and its multi-chain variants (Arbiscan, Basescan, Polygonscan) provide block explorer APIs that are essential for AI agent verification and monitoring. With over 5 million daily active users across its explorer products, Etherscan is the standard for on-chain data verification. - Source: dev.to / 4 months ago
  • How to deploy you NFT on Sepolia - Simple and 100% under control
    This is a complete NFT project thoroughly tested and able to be deployed at will on sepolia, provided you have the necessary API key from etherscan, a node provider for instance alchemy giving you an access to the test network as well as test ethers you can obtain from a faucet such as chainlink. - Source: dev.to / 9 months ago

What are some alternatives?

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

Blockchair - Bitcoin, BitcoinCash, Ethereum, and Litecoin blockchain search and analytics engine.

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

Blockchain - Bitcoin Block Explorer - Blockchain is popular Bitcoin Legacy (BTC) block explorer.

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

AIDYOR - โ€‹AI-powered multi-chain token scanner with an advanced smart contract bug scanner, instant risk scores, and screenshot OCR scanning for zero-friction crypto security intelligence.