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Koinly VS Fig Scripts

Compare Koinly VS Fig Scripts and see what are their differences

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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Koinly logo Koinly

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

Fig Scripts logo Fig Scripts

Build internal CLI tools, really fast
  • 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.

  • Fig Scripts Landing page
    Landing page //
    2023-02-08

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.

Fig Scripts features and specs

  • Pre-built automation scripts
    Fig Scripts provides a library of pre-built scripts that help developers automate common tasks, saving significant time on repetitive terminal workflows without needing to write scripts from scratch.
  • Easy integration with the terminal
    Fig Scripts integrates seamlessly with the terminal environment, allowing users to run and manage scripts directly within their existing workflow without needing to switch between tools or interfaces.
  • Community-driven collection
    The scripts are community-driven, meaning developers can benefit from the collective knowledge and contributions of other developers, gaining access to a diverse range of useful automation solutions.
  • Customizable and extensible
    Users can modify existing scripts or create their own to fit specific use cases, making the tool flexible enough to accommodate a wide variety of development workflows and personal preferences.
  • Developer-focused design
    Fig Scripts is built specifically for developers, so the scripts and tooling are tailored to common development tasks like Git operations, environment setup, deployment, and other engineering-centric workflows.

Possible disadvantages of Fig Scripts

  • Limited platform support
    Fig was historically focused on macOS, which limited its availability to developers working on Linux or Windows platforms, reducing its appeal for cross-platform teams.
  • Dependency on Fig ecosystem
    Using Fig Scripts often requires having the broader Fig (now acquired by AWS and rebranded) tooling installed, creating a dependency on an external ecosystem that may change or be discontinued.
  • Uncertain future after acquisition
    After Fig was acquired by Amazon and integrated into AWS, the future direction and continued support of Fig Scripts became uncertain, raising concerns about long-term reliability for users who depend on it.
  • Limited script discoverability
    Finding the right script for a specific use case can be challenging, as the library may not be as well-organized or searchable as more mature package managers or script repositories.
  • Learning curve for customization
    While pre-built scripts are easy to use, customizing or creating new scripts requires understanding Fig's specific configuration format and conventions, which adds a learning curve beyond standard shell scripting.

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 Fig Scripts

Overall verdict

  • Fig Scripts, part of the Fig platform, was a well-regarded tool for terminal autocomplete and productivity, though it's important to note that Fig was acquired by AWS in 2023 and its standalone product was eventually sunset, with much of its technology being integrated into Amazon Q Developer (formerly CodeWhisperer/CLI). If you're referring to the legacy Fig tool, it was generally well-liked for its user-friendly approach to terminal enhancement.

Why this product is good

  • Provided IDE-style autocomplete for hundreds of CLI tools directly in the terminal
  • Easy to install and integrated seamlessly with existing shell environments like bash, zsh, and fish
  • Offered a visual, intuitive interface for command discovery without needing to leave the terminal
  • Supported scripting and customization for teams to build their own autocomplete specs
  • Had a strong open-source community contributing autocomplete definitions for various tools

Recommended for

  • Developers who spend significant time in the terminal and want to reduce typing errors
  • Teams looking to standardize CLI usage with custom autocomplete scripts
  • New developers learning complex CLI tools who benefit from visual command suggestions
  • Users who prioritize terminal productivity and efficiency
  • Those already using AWS tools who might now prefer transitioning to Amazon Q Developer for similar functionality

Koinly videos

+ Add

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?

Fig Scripts videos

No Fig Scripts videos yet. You could help us improve this page by suggesting one.

Add video

Category Popularity

0-100% (relative to Koinly and Fig Scripts)

Koinly

Fig Scripts

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Productivity
0 0%
Productivity
100% 100
Crypto
100 100%
Crypto
0% 0
Web Icons
0 0%
Web Icons
100% 100

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 Fig Scripts

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.
Source: rigorousthemes.com

Fig Scripts Reviews

We have no reviews of Fig Scripts yet.
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Social recommendations and mentions

Based on our record, Koinly seems to be more popular. 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: 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
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Fig Scripts mentions (0)

We have not tracked any mentions of Fig Scripts yet. Tracking of Fig Scripts recommendations started around Feb 2023.

What are some alternatives?

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

Icons8 - Free app for Mac & Windows already containing 39,800 icons. Allows to search and import iconsโ€ฆ

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

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

CryptoTrader.Tax - Tax software for cryptocurrency

Accointing - A crypto tax tool with a portfolio tracking platform

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