Software Alternatives, Accelerators & Startups

Koinly VS Parse-Server

Compare Koinly VS Parse-Server and see what are their differences

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Koinly logo Koinly

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

Parse-Server logo Parse-Server

parse-server. Parse-compatible API server module for Node/Express. JS, 14271, 3819. parse-server-conformance-tests. Conformance tests for parse-server adapters.
  • 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.

  • Parse-Server Landing page
    Landing page //
    2023-09-14

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.

Parse-Server features and specs

  • Open Source
    Parse-Server is open-source, which means it's free to use and you can modify the source code to fit your specific needs. It also benefits from community contributions and improvements.
  • Backend as a Service
    It provides a backend as a service (BaaS), offering out-of-the-box features like data storage, user authentication, and push notifications, which allows developers to focus more on the frontend.
  • Cloud Independence
    You can deploy Parse-Server on any cloud service of your choice, giving you flexibility and control over your server environment, unlike other closed BaaS options.
  • Rich Feature Set
    Parse-Server includes a rich set of features such as live queries, GraphQL support, and file storage, which helps in developing complex applications efficiently.
  • Community Support
    An active community supports Parse-Server, providing regular updates, plugins, and extensions that can help solve common issues and expand the server's capabilities.

Possible disadvantages of Parse-Server

  • Self-Hosting Requirements
    Unlike fully managed BaaS platforms, you need to set up and maintain your own server infrastructure to use Parse-Server, which can be time-consuming and require technical expertise.
  • Limited Native SDKs
    Although Parse-Server provides SDKs for various platforms, it may not offer the same level of support or regular updates as commercial platforms, leading to potential compatibility issues with newer technologies.
  • Scaling Challenges
    Managing and scaling a self-hosted service can be challenging, especially for applications with growing and fluctuating user bases, requiring additional resources and infrastructure management.
  • Potential Feature Lag
    As an open-source project, Parse-Server might lag behind the latest innovations or features that commercial BaaS providers can rapidly implement due to their resources and funding.
  • Community Reliance
    Since Parse-Server is community-driven, critical bug fixes and improvements depend on community input, which can result in slower resolution times compared to proprietary solutions with dedicated support teams.

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 Parse-Server

Overall verdict

  • Parse-Server is considered a good choice, particularly for developers looking for a flexible, open-source backend solution that avoids vendor lock-in. It offers a robust set of features out of the box, which can significantly accelerate the development process.

Why this product is good

  • Parse-Server is an open-source backend platform that allows developers to build applications faster by leveraging features like user authentication, push notifications, cloud functions, and real-time database capabilities. It is highly customizable, scalable, and can be deployed on any infrastructure. Moreover, it's backed by a strong community and extensive documentation, making troubleshooting and development easier.

Recommended for

    Parse-Server is recommended for startups, small to medium enterprises, and individual developers seeking a cost-effective backend solution with full control over their infrastructure. It's also ideal for projects that require rapid prototyping and deployment, app developers who need pre-built SDKs, and teams looking to migrate away from Parse's legacy hosted services.

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?

Parse-Server videos

No Parse-Server videos yet. You could help us improve this page by suggesting one.

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Category Popularity

0-100% (relative to Koinly and Parse-Server)
Cryptocurrencies
100 100%
0% 0
Developer Tools
0 0%
100% 100
Crypto
100 100%
0% 0
Design Prototyping
0 0%
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 Parse-Server

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.

Parse-Server Reviews

Firebase Alternative: 3 Open-Source ways toย follow
Parse Server comes with a gazillion out-of-the-box features that allows you to get your MVP out quick and effortlessly. Currently, Parse server is the most popular and robust BaaS framework available that helps developers build mobile apps faster without any technical locks. It is an open source version of the Parse backend that can be easily downloaded for free on GitHub....
Source: medium.com

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than Parse-Server. While we know about 306 links to Koinly, we've tracked only 6 mentions of Parse-Server. 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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Parse-Server mentions (6)

  • AI Coding: Building a 1-Hour App Clone Is Easy. Shipping It Is the Work
    If youโ€™re coming from the Parse ecosystem, it may help to know that Parse itself is a long-running open source backend framework. You can start from the official Parse Platform site, or go deeper with the communityโ€™s Parse Server repository. Our own developer docs are organized around that reality. If you want implementation-level guides, start with our SashiDo Documentation. - Source: dev.to / 4 months ago
  • What to choose for backend
    If you like headless CMS / Backend As A Service you should consider https://directus.io/ or https://github.com/parse-community/parse-server. Both nodejs and open source. Source: about 4 years ago
  • Any general purpose visualisation "just add the data" framework
    There's numerous standard backends which frontenders could use in simplistic cases to start, say https://github.com/PostgREST/postgrest or https://github.com/parse-community/parse-server. Source: over 4 years ago
  • Show HN: Caffeine, minimum viable back end for prototyping
    Parse is still around and supported: https://github.com/parse-community/parse-server. - Source: Hacker News / over 4 years ago
  • Ask HN: What Back End Framework with User Management Is Your Favorite?
    I am curious what backend framework you would choose to run with for prototyping an application with run of the mill user management requirements. That is functionality along the lines of: session management, password policies, password reset, user verifications, etc. Sadly it seems there really aren't any frameworks that have user management natively supported. The only one I am aware of is [Parse... - Source: Hacker News / about 5 years ago
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What are some alternatives?

When comparing Koinly and Parse-Server, you can also consider the following products

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

Firebase - Firebase is a cloud service designed to power real-time, collaborative applications for mobile and web.

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

Marvel - Turn sketches, mockups and designs into web, iPhone, iOS, Android and Apple Watch app prototypes.

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

Moovweb Platform - Other Mobile Development