Software Alternatives, Accelerators & Startups

Koinly VS Mintbase

Compare Koinly VS Mintbase and see what are their differences

Koinly logo Koinly

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

Mintbase logo Mintbase

Anyone can create & sell non-fungible tokens ๐ŸŽจ ๐ŸŽถ ๐ŸŽซ
  • 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.

  • Mintbase Landing page
    Landing page //
    2023-10-14

Mintbase

Pricing URL
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$ Details
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Release Date
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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.

Mintbase features and specs

  • Decentralized Platform
    Mintbase operates on the NEAR Protocol, providing a decentralized platform for minting NFTs, which enhances security and reduces reliance on centralized entities.
  • Low Transaction Costs
    Operating on the NEAR Protocol allows Mintbase to offer lower transaction fees compared to platforms based on more costly networks like Ethereum.
  • User-Friendly Interface
    Mintbase offers an intuitive and accessible interface, making it easier for users, including those who are not technically savvy, to create and manage NFTs.
  • Flexibility and Customization
    Users can easily create customizable NFTs, allowing for a wide range of applications, including digital art, memberships, and more.
  • Environmentally Friendly
    By utilizing NEAR Protocol, which relies on a proof-of-stake consensus mechanism, Mintbase is more energy-efficient compared to platforms using proof-of-work.

Possible disadvantages of Mintbase

  • Limited Market Exposure
    While growing, NEAR Protocol does not have as large a user base as Ethereum, which might limit the potential market exposure for NFTs minted on Mintbase.
  • Learning Curve
    Users new to NEAR Protocol and its wallet system might face a learning curve when transitioning from platforms based on Ethereum or other blockchains.
  • Ecosystem Maturity
    The NEAR Protocol is newer compared to Ethereum, which means that the ecosystem, including tools and integrations for NFTs, might not be as fully developed.
  • Potential for Volatility
    The value of NEAR tokens can be volatile, affecting the cost of minting and trading activities on the platform.

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?

Mintbase videos

Minting NFTs on Mintbase, entrance to the virtual economy.

More videos:

  • Review - Mintbase Overview of Minting NFTs on Ethereum Blockchain
  • Review - Mintbase Rundown

Category Popularity

0-100% (relative to Koinly and Mintbase)
Cryptocurrencies
98 98%
2% 2
Crypto
90 90%
10% 10
Art
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 Mintbase

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.

Mintbase Reviews

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

Based on our record, Koinly seems to be a lot more popular than Mintbase. While we know about 306 links to Koinly, we've tracked only 16 mentions of Mintbase. 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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Mintbase mentions (16)

  • The NEAR Foundation partners with Dropt to integrate Web3 technologies into customer loyalty and engagement programs.
    Neat, letโ€™s chat to see how Mintbase can help. Can get your NFT infrastructure running in a week. Source: over 3 years ago
  • I've been making an alternative front end for Reddit with React. Feedback on the project would be great!
    Are you looking for a job in the NFT space? We are rewriting https://mintbase.io now and could use some react help. Source: over 4 years ago
  • Tired of countless Punkz or Bored Animal Club NFT projects? Yeah, we too. SolGame is the next generation Play-2-Earn NFT project built on Solana. Link in comments
    If only there was a company pioneering utility NFTs on a sharded, fast, green chainโ€ฆ. mintbase. Source: over 4 years ago
  • @Mintbase Raises $1M Seed Round to Bring NFTs to NEAR Protocol
    Lisbon-based non-fungible token (NFT) platform Mintbase has closed a $1 million seed funding round. #Mintbase #LisbonNFT #NearProtocol u/Near u/Mintbase For more info : https://www.mintbase.io/ #NFT. Source: over 4 years ago
  • Utility NFTs to power ๐Ÿš€ A story of a real-life use case
    Mintbase took to the streets of Lisbon and onboarded a bunch of restaurants, bars and shops that are now accepting NFTs in exchange for physical items. Source: over 4 years ago
View more

What are some alternatives?

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

CryptoKitties - Breed and collect adorable creatures using Ethereum

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

SuperRare - Create, collect and trade rare crypto art and collectibles

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

Rarible - Create, sell, collect digital items secured with blockchain