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Pocketsmith VS Koinly

Compare Pocketsmith VS Koinly and see what are their differences

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Pocketsmith logo Pocketsmith

Smart budgeting & personal finance software

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.
  • Pocketsmith Landing page
    Landing page //
    2023-10-23
  • 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.

Pocketsmith videos

+ Add

How to be more productive with money using PocketSmith

More videos:

  • Review - A Quick Tour of PocketSmith

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?

Category Popularity

0-100% (relative to Pocketsmith and Koinly)

Pocketsmith

Koinly

Personal Finance
100 100%
Personal Finance
0% 0
Cryptocurrencies
0 0%
Cryptocurrencies
100% 100
Financial Planner
100 100%
Financial Planner
0% 0
Crypto
0 0%
Crypto
100% 100

User comments

Share your experience with using Pocketsmith and Koinly. 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 Pocketsmith and Koinly

Pocketsmith Reviews

11 Best Quicken Alternatives in 2021 (#1 is Free)
PocketSmith started out as a calendar to plan upcoming income and expenses. Today, it’s a full-fledged budgeting app. You can synch your accounts with PocketSmith. Once synced, you can track your budget and you’re net worth. You can also see your income and spending in a handy calendar view.
Source: robberger.com
The Best Personal Finance Budget Software with Apps (In 2020)
Pocketsmith is a calendar-based financial planner that allows you to look at your upcoming spending, set goals, track your expenses, and pull reports that show you exactly where you stand financially. It will help you maintain a focus on cash flow forecasts while setting goals that help you reach your savings and debt reduction goals. You can add actual spending data from...
Source: ptmoney.com
10 Mint.com Alternatives – Money Apps Fresher than Mint dot com
Hello, thank you for your review. I FINALLY switched from Mint.com after being with it since ’14. I’ve tried just about every app, and after all these years, I have found NONE that compare to Pocketsmith. I honestly think it should be #1 because of the rich features it has. Not only was I able to switch to mint.com and add all my transactions, they all retained every bit of...
Source: wallethacks.com

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

Social recommendations and mentions

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

Pocketsmith mentions (1)

  • I just learned about this "merge" and i'm gutted. I have 12 years of every dollar spent/earned meticulously categorized and it sounds like their only going to keep 3 years of history? Anyone know if it's rolling? When is the merge going to take place?
    Also a 9+ years Mint user who learned recently about the shut down. I discovered pocketsmith and I've imported all my Mint history easily. There is a free-tier but I decided to get the paid version a try and OMG the software is really great! If your into graphs and customizations, you'll definitely want to have a look at it. Source: 5 months ago

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: 12 months 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
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What are some alternatives?

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

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

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

YouNeedABudget - Personal home budget software built with Four Simple Rules to help you quickly gain control of your money, get out of debt, and reach your financial goals!

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

EveryDollar - Budgeting and expense tracking app

CryptoTrader.Tax - Tax software for cryptocurrency

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