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Koinly VS XSplit

Compare Koinly VS XSplit and see what are their differences

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Contents:
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  3. » Reviews
  4. » Alternatives

Koinly logo Koinly

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

XSplit logo XSplit

Live stream and record your content with ease & share it to streaming services like Twitch, YouTube, Facebook, Mixer, etc. Start your broadcast today.
  • 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.

  • XSplit Landing page
    Landing page //
    2022-12-06

XSplit is a live streaming and recording software designed for gaming, presentations and live events. This AI-powered software allows game developers to start live streaming of their games in pristine quality. The software also has a multilingual support team to assist you 24/7.

Currently there are four members in the XSplit family:

Product Plans:

  • Lifetime Premium license - 449.00 USD
  • 3 months Premium license - 24.95 USD every 3 month(s)
  • 12 months Premium license - 59.95 USD every 12 month(s)

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.

XSplit features and specs

  • User-Friendly Interface
    XSplit offers a clean, intuitive interface that is easy to navigate, making it accessible for both beginners and experienced streamers.
  • Multiple Output Formats
    The software supports various output formats and resolutions, giving users flexibility in how they broadcast their content.
  • Powerful Integration
    XSplit integrates seamlessly with a wide range of platforms like Twitch, YouTube, and Facebook Live, making it versatile for different streaming needs.
  • High-Quality Streams
    The software is known for providing high-quality streams with minimal latency, ensuring a smooth viewing experience for the audience.
  • Advanced Features
    XSplit offers a host of advanced features including scene transitions, chroma key, and source masking, allowing for professional-grade broadcast setups.

Possible disadvantages of XSplit

  • Cost
    XSplit is a premium software and requires a subscription for access to all features, which can be costly over time compared to free alternatives.
  • Resource Intensive
    The software can be quite resource-demanding, potentially causing performance issues on lower-end systems.
  • Limited Free Version
    The free version has several limitations such as watermarks on streams and limited access to advanced features, which may not be sufficient for more serious streamers.
  • Occasional Bugs
    Users have reported occasional bugs and crashes, which can interrupt streaming sessions and require troubleshooting.
  • Steep Learning Curve for Advanced Features
    While basic functions are easy to use, mastering the advanced features can take time and require a more in-depth understanding of the software.

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 XSplit

Overall verdict

  • Overall, XSplit is considered a good choice for both beginners and professional streamers due to its versatility, ease of use, and powerful streaming capabilities.

Why this product is good

  • XSplit is a popular broadcasting and live streaming software that is highly regarded for its user-friendly interface and robust feature set. It offers high-quality video and audio production tools, integrated support for various streaming platforms, and a range of customization options for professional-grade streaming. Additionally, XSplit provides excellent customer support and regular updates that introduce new features and improve performance.

Recommended for

  • Content creators looking for a reliable streaming solution.
  • Gamers who want to broadcast their gameplay with high-quality visuals.
  • Professionals who need to create webinars or live presentations.
  • Anyone seeking a user-friendly interface with powerful production tools.

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?

XSplit videos

+ Add

What is XSplit Broadcaster?

More videos:

  • Review - OBS vs Xsplit Broadcaster (2019): Who is King of the Stream?
  • Review - XSplit Broadcaster DEFINITIVE Review | Is 2020 the year to leave OBS?

Category Popularity

0-100% (relative to Koinly and XSplit)

Koinly

XSplit

Cryptocurrencies
100 100%
Cryptocurrencies
0% 0
Live Streaming
0 0%
Live Streaming
100% 100
Crypto
100 100%
Crypto
0% 0
Screen Recording
0 0%
Screen Recording
100% 100

User comments

Share your experience with using Koinly and XSplit. 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 XSplit

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

XSplit Reviews

  1. Konstantin Baumgartner
    · video production manager at Triple Jump Media ·
    Great software

    XSplit rocks for streamers. It's like your streaming sidekick - simple, full of cool stuff, and very stable. XSplit is super user-friendly, it's got many powerful plugins for easy streaming, and it plays nice with lots of platforms. Yeah, it's a bit pricey, but if you're all about streaming, it's money well spent.

    Pros:    Custom plugins|Cross-platform compatibility
    Cons:    Price
Top 10 OBS Alternatives
XSplit is actually two types of programs; a Broadcaster and a Gamecatser bundled together. It is the only tool on this list that is very similar to OBS in terms of features and functionality. It can be used for both recording a live streaming and it will live stream gameplay directly to the most popular streaming sites like YouTube and Twitch.
Source: dc.wondershare.com
Best Streaming Software for 2021 (Twitch & Youtube)
XSplit Broadcaster is live streaming and recording software for Windows. You can stream and record in 4K 60fps. You can use XSplit Broadcaster to stream on YouTube, Facebook, and Twitch. Indeed, you can even simultaneously broadcast to multiple stream services.
Source: influencermarketinghub.com

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than XSplit. While we know about 306 links to Koinly, we've tracked only 1 mention of XSplit. 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 / 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
  • 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: over 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
View more

XSplit mentions (1)

What are some alternatives?

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

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

OBS Studio - Free and open source software for video recording and live streaming for Mac, Windows and Linux.

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

Camtasia - Unleash the world’s most powerful screen recorder and video editor with everything you need to tell your story — powered by AI.

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

Flash Media Live Encoder - Browse for the technical support periods for products.

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