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Koinly VS Redis ™

Compare Koinly VS Redis and see what are their differences

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

Koinly logo Koinly

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

Redis logo Redis

Redis is an open source in-memory data structure project implementing a distributed, in-memory key-value database with optional durability.
  • 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.

  • Redis Landing page
    Landing page //
    2022-10-19

Redis is an open source (BSD licensed), in-memory data structure store, used as a database, cache and message broker. It supports data structures such as strings, hashes, lists, sets, sorted sets with range queries, bitmaps, hyperloglogs, geospatial indexes with radius queries and streams. Redis has built-in replication, Lua scripting, LRU eviction, transactions and different levels of on-disk persistence, and provides high availability via Redis Sentinel and automatic partitioning with Redis Cluster.

Koinly 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?

Redis videos

+ Add

What is Redis? | Why and When to use Redis? | Tech Primers

More videos:

  • Review - Improve your Redis developer experience with RedisInsight, Redis Labs
  • Review - Redis Labs "Why NoSQL is a Safe Bet"
  • Review - Redis Enterprise Overview with Yiftach Shoolman - Redis Labs
  • Review - Redis system design | Distributed cache System design
  • Review - What is Redis and What Does It Do?
  • Review - Redis Sorted Sets Explained

Category Popularity

0-100% (relative to Koinly and Redis)

Koinly

Redis

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Databases
0 0%
Databases
100% 100
Crypto
100 100%
Crypto
0% 0
NoSQL Databases
0 0%
NoSQL Databases
100% 100

User comments

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

These are some of the external sources and on-site user reviews we've used to compare Koinly and Redis

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 Koinly’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

Redis Reviews

Are Free, Open-Source Message Queues Right For You?
A notable challenge with Redis Streams is that it doesn't natively support distributed, horizontal scaling. Also, while Redis is famous for its speed and simplicity, managing and scaling a Redis installation may be complex for some users, particularly for persistent data workloads.
Source: blog.iron.io
Redis vs. KeyDB vs. Dragonfly vs. Skytable | Hacker News
1. Redis: I'll start with Redis which I'd like to call the "original" key/value store (after memcached) because it is the oldest and most widely used of all. Being a long-time follower of Redis, I do know it's single-threaded (and uses io-threads since 6.0) and hence it achieves lesser throughput than the other stores listed above which are multi-threaded, at least to some...
Source: news.ycombinator.com
Memcached vs Redis - More Different Than You Would Expect
Remember when I wrote about how Redis was using malloc to assign memory? I lied. While Redis did use malloc at some point, these days Redis actually uses jemalloc. The reason for this is that jemalloc, while having lower peak performance has lower memory fragmentation helping to solve the framented memory issues that Redis experiences.
Source: engineering.kablamo.com.au
Top 15 Kafka Alternatives Popular In 2021
Redis is a known, open-source, in-memory data structure store that offers different data structures like lists, strings, hashes, sets, bitmaps, streams, geospatial indexes, etc. It is best utilized as a cache, memory broker, and cache. It has optional durability and inbuilt replication potential. It offers a great deal of availability through Redis Sentinel and Redis Cluster.
Source: www.spec-india.com
Comparing the new Redis6 multithreaded I/O to Elasticache & KeyDB
So there are 3 offerings by 3 companies, all compatible with eachother and based off open source Redis: Elasticache is offered as an optimized service offering of Redis; RedisLabs and Redis providing a core product and monetized offering, and KeyDB which remains a fast cutting edge (open source) superset of Redis. This blog looks specifically at performance, however there is...
Source: docs.keydb.dev

Social recommendations and mentions

Based on our record, Koinly should be more popular than Redis. 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: 5 months 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 / 6 months 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: 11 months ago
  • I made around 90K profit from a meme coin (crypto)recently and I’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 1 year 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: about 1 year ago
View more

Redis mentions (185)

  • Hanami and HTMX - progress bar
    Hi there! I want to show off a little feature I made using hanami, htmx and a little bit of redis + sidekiq. - Source: dev.to / 17 days ago
  • What do you want to watch next? This is why I built GoodWatch.
    Data Handling: Utilizes Windmill for data pipelines, with a primary database powered by PostgreSQL. Auxiliary data storage is handled by MongoDB, with Redis for caching to optimize performance. - Source: dev.to / 19 days ago
  • Redis is not "open core" (2021)
    The page 404s for me currently and it does not seem to be archived by the wayback machine either: https://web.archive.org/web/20240000000000*/https://redis.io/news/121. - Source: Hacker News / about 1 month ago
  • Software Engineering Workflow
    Redis - real time data storage with different data structures in a cache. - Source: dev.to / about 2 months ago
  • Redis License Changed
    Redis.io no longer mentions open source. They have still not changed meta description on their page. It still says it is open source ^^ view-source:https://redis.io/. - Source: Hacker News / 2 months ago
View more

What are some alternatives?

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

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

MongoDB - MongoDB (from "humongous") is a scalable, high-performance NoSQL database.

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

ArangoDB - A distributed open-source database with a flexible data model for documents, graphs, and key-values.

CryptoTrader.Tax - Tax software for cryptocurrency

Apache Cassandra - The Apache Cassandra database is the right choice when you need scalability and high availability without compromising performance.

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