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MagicPlan VS Koinly

Compare MagicPlan VS Koinly and see what are their differences

MagicPlan

The floor plan creation app magicplan lets you create dimensioned floor plans without actively measuring or drawing. With its Augmented Reality.

Rating
0 reviews
Alternatives Is it good?
Koinly

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

Rating
0 reviews
Pricing
Freemium
Alternatives Is it good?
Data Analytic System
Sourced crypto market data with indicator monitoring, market regime context and research. BTC, ETH, XRP, SOL + major indices monitored 24/7. Educational content — not investment advice. 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
0 vs 306
3D popularity
100% vs 0%
alternatives listed
240+ vs 204

Base details

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

MagicPlan
Koinly
Website sensopia.com koinly.io
Pricing —
Freemium Official pricing
Company — Startup from the United Kingdom · 2018
Listed in
3D Architecture CAD 3D Modeling +1
Finance Cryptocurrencies Taxes Crypto Tax Reports Crypto Cryptocurrencies Dashboard Bitcoin Cryptocurrency Investment +5

About MagicPlan and Koinly

In their own words, as submitted to SaaSHub.

MagicPlan
Koinly

No description of MagicPlan yet.

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

Features and specs

What each product offers, as listed by its team.

MagicPlan 5 features
Koinly 6 features
  • Ease of Use
    MagicPlan offers an intuitive user interface that makes creating floor plans simple, even for beginners.
  • Accuracy
    Utilizes advanced AR technology to ensure precise measurements and accurate floor plans.
  • Versatility
    Supports a variety of use cases including floor plans, site surveys, and creating work estimates.
  • Cloud Integration
    Plans can be saved and accessed on the cloud, facilitating collaboration and data back-up.
  • Export Options
    Supports multiple export formats, including PDF, JPG, and DXF, making it easy to share and use plans with other software.

Possible disadvantages

  • Subscription Cost
    Some of the advanced features require a subscription, which might be costly for individual users.
  • Learning Curve for Advanced Features
    While basic use is straightforward, mastering the advanced features can take some time and practice.
  • Device Compatibility
    AR measurement features are only available on devices with AR capabilities, limiting its use for some users.
  • Occasional Inaccuracy
    Despite its generally high accuracy, the app might sometimes require manual adjustments, especially in complex or cluttered spaces.
  • Data Privacy
    As an app that uses cameras and stores data in the cloud, there might be concerns regarding data privacy and security.
  • 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.

Analysis

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

MagicPlan
Koinly

Overall verdict

  • MagicPlan is generally considered a good choice for those who need to create floor plans quickly and efficiently. It provides a comprehensive set of tools while remaining user-friendly, which makes it a strong option in its niche.

Why this product is good

  • MagicPlan is a popular app for creating floor plans and home designs. It's known for its ease of use, thanks to augmented reality technology that allows users to measure rooms and create layouts simply by pointing their smartphone's camera. It offers features like 3D modeling, cost estimation, and integration with other tools, making it useful for both homeowners and professionals.

Recommended for

  • Homeowners who want to redesign or remodel their spaces.
  • Real estate agents looking to offer floor plans for listings.
  • Contractors who need to provide clients with detailed project estimates.
  • Interior designers and architects seeking a quick way to draft plans.

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

Videos

Walkthroughs and reviews on video.

MagicPlan 3 videos + Add
Koinly 3 videos + Add

Magicplan - Site Visits Made Easy, Draw As-built Plans in a Matter of Seconds!

More videos

  • - MagicPlan iPhone App Review
  • - Magicplan Training Video

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

More videos

  • - Koinly Review - Paying Taxes on Crypto The Easy Way
  • - Koinly Review: The BEST for Crypto Taxes?

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
MagicPlan
Koinly
100% 100%
3D
0% 0%
0% 0%
Cryptocurrencies
100% 100%
100% 100%
Architecture
0% 0%
0% 0%
Crypto
100% 100%

User comments

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Reviews and articles

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

MagicPlan no reviews yet
Koinly no reviews yet

We have no reviews of MagicPlan yet. Be the first one to post

Social recommendations and mentions

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

MagicPlan 0 mentions
Koinly 306 mentions

Tracking MagicPlan since Mar 2021.

  • 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

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