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Koinly VS Procreate

Compare Koinly VS Procreate and see what are their differences

Koinly

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

Koinly Landing page
Rating
0 reviews
Pricing
Freemium
Alternatives Is it good?
Procreate

Procreate is the most powerful and intuitive digital illustration App available for iPad®.

Procreate Landing page
Rating
0 reviews
Alternatives Is it good?
StatePilot.app
IRS & state notice workflow management for accounting and tax firms. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, Koinly seems to be more popular. It has been mentioned 306 times since March 2021.

social mentions
306 vs 0
Cryptocurrencies popularity
100% vs 0%
alternatives listed
204 vs 240+

Base details

Website, pricing, platforms and company facts side by side.

Koinly
Procreate
Website koinly.io cellularnews.com
Pricing
Freemium Official pricing
—
Company Startup from the United Kingdom · 2018 —
Listed in
Finance Cryptocurrencies Taxes Crypto Tax Reports Crypto Cryptocurrencies Dashboard Bitcoin Cryptocurrency Investment +5
Art Tools Digital Drawing And Painting Graphic Design Software Image Editing +1

About Koinly and Procreate

In their own words, as submitted to SaaSHub.

Koinly
Procreate

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...

Read more about Koinly

No description of Procreate yet.

Features and specs

What each product offers, as listed by its team.

Koinly 6 features
Procreate 5 features
  • 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

  • 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.
  • User-Friendly Interface
    Procreate offers a clean and intuitive interface that is easy to navigate, making it accessible for both beginners and experienced artists.
  • Rich Feature Set
    Procreate comes with a comprehensive set of tools including brushes, filters, and effects that cater to various artistic needs.
  • High Performance
    The app is optimized for iPad, ensuring smooth and fast performance even when handling large files and complex compositions.
  • Customizable Brushes
    Procreate allows users to customize and create their own brushes, providing greater flexibility and control over their artwork.
  • One-Time Purchase
    Unlike many other professional software programs that require a subscription, Procreate is available for a one-time purchase, making it cost-effective in the long run.

Possible disadvantages

  • iOS Exclusive
    Procreate is only available on iOS devices, which limits its accessibility to users who do not own an iPad or iPhone.
  • Learning Curve
    Although the interface is user-friendly, the vast array of features and tools can be overwhelming for new users, requiring time and practice to master.
  • Limited Vector Support
    Procreate primarily focuses on raster graphics and lacks robust support for vector-based designs, which may be a drawback for some types of graphic work.
  • No Desktop Version
    Procreate does not have a desktop version, meaning users cannot seamlessly switch between their mobile device and a computer for their projects.
  • File Compatibility
    While Procreate supports many file formats, it can have compatibility issues when transferring files to certain other graphic design software.

Analysis

An editorial look at what each product does well and who it suits.

Koinly
Procreate

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

Overall verdict

  • Procreate is generally considered an excellent app for digital art creation, thanks to its powerful capabilities, flexibility, and ease of use. The one-time purchase model instead of a subscription also makes it a cost-effective choice for long-term users. However, being limited to iOS devices may be a drawback for those with different operating systems.

Why this product is good

  • Procreate is a popular digital illustration app widely praised for its extensive features tailored for professional artists and hobbyists alike. It offers a vast array of brushes, intuitive gesture controls, and a user-friendly interface that makes creating art on an iPad seamless and enjoyable. Additionally, Procreate supports high-resolution canvases and offers tools like QuickShape for creating perfect shapes and Drawing Assist for perspective guides, enhancing the creative process.

Recommended for

    Procreate is recommended for professional illustrators, designers, and artists who use iPad as part of their creative process. It's also great for beginners looking to explore digital art without investing in expensive software. Educators and students in the field of art and design may also find it beneficial for learning and teaching purposes.

Videos

Walkthroughs and reviews on video.

Koinly 3 videos + Add
Procreate 3 videos + Add

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?

I Try PROCREATE - iPad Pro Art: is it Actually Professional?

More videos

  • Review - Ipad Pro, Apple Pencil & Procreate - Artist Review
  • Review - Review: Procreate for the iPad

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Koinly
Procreate
100% 100%
Cryptocurrencies
0% 0%
0% 0%
Digital Drawing And Painting
100% 100%
100% 100%
Crypto
0% 0%
0% 0%
Graphic Design Software
100% 100%

User comments

Share your experience with using Koinly and Procreate. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Koinly no reviews yet
Procreate no reviews yet

View more

Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Koinly 306 mentions
Procreate 0 mentions
  • 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... Source: almost 3 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.... - Source: Hacker News / almost 3 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

View more

Tracking Procreate since Mar 2021.

Alternatives to Koinly and Procreate

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

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