Koinly VS Wise

Koinly

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

Wise

Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

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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.

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2023-09-02

Ripple’s Shareholder SBI Invest in QIWI. Ripple Unleashes 1B XRP. Koinly to Add Support for XRP!

Wise videos

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TransferWise Review - 3 Must Knows (2020)

Category Popularity

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Koinly

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Cryptocurrencies

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Cryptocurrencies

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Online Payments

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Online Payments

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Crypto

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Money Transfer

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User comments

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

Reviews

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

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

Wise Reviews

Best money transfer apps of 2021

TransferWise does also offer Business pricing, which adds in extra features that are free, including the ability to receive money in EUR, USD, GBP, PLN, AUD and NZD currencies without charge. However, this comes with a 0.33%-3.56% fee to convert currencies. The supporting TransferWise debit Mastercard comes free too, with the same currency conversion fee of 0.33%-3.56% plus...

Source: www.techradar.com

Top 7 Wise Alternatives

Wise’s Multi Currency Account (review) and associated Wise card (review) (which works great as a travel money card) are especially useful to expats who need banking features in a new country to pay rent, buy groceries, or receive money like a local (Wise offers international bank details in 10 currencies).

Source: transumo.com

5 Safe Money Transfer Alternatives to Wise

As a money transfer service, Wise (formerly known as TransferWise) is a transparent and easy to use option. But if you’re making an international money transfer, it can be worth looking at some of Wise’s competitors to see which is the best option for you.

Source: www.exiap.com

Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B

For now, the backing of its investors is allowing Airwallex to grow its business without needing to focus on making money. That’s proven tricky for some fintech companies — such as TransferWise and Europe’s challenger banks — but Zhang is confident that when that changes, his company will have little trouble being sustainable.

Source: techcrunch.com

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than Wise. While we know about 306 links to Koinly, we've tracked only 24 mentions of Wise. 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: 10 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

Wise mentions (24)

Which bank in vietnam have the lowest fee for overseas remittance?
I don't think you need to be a holder of both. I put my mom on my Wells Fargo account and she sent to my account. There is also https://wise.com/us/ . This one I have used to send to someones account in Vietnam. It does have slightly higher fee. But it goes straight into their account. From Wells Fargo I would have to go and get USD then exchange it to Vietnamese currency. Source: 11 months ago
We are happy to welcome you to Auction 88 — Coins of The World.
They invoice in Euros (Czech Republic) so also be aware of fees on payments. I've successfully used TransferWise (https://wise.com/us/). Source: 11 months ago
Recommend me a first credit card with 0 foreign tx fee
It's not a credit card. It's just a way to convert currency w/o a fee. https://wise.com/us/. Source: about 1 year ago
Renting an apartment without a US Bank account?
Get a Wise account. Open one in your local currency, and one in US currency. I was doing that for the first few months. Source: over 1 year ago
My New Client Is Asking Me For My Bank Info
I’ve used Wise for bank payments from international clients before: https://wise.com/us/ that way you’re not giving them your actual bank info but the process is similar on the client’s end. Source: over 1 year ago