Software Alternatives & Reviews

ShapeShift VS Koinly

Compare ShapeShift VS Koinly and see what are their differences

ShapeShift logo ShapeShift

Buy cryptocurrency instantly without the need of an account.

Koinly logo Koinly

Koinly is the easiest way to monitor your crypto activity & file your taxes.
  • ShapeShift Landing page
    Landing page //
    2023-08-05
  • 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.

ShapeShift videos

ShapeShift Exchange Review 2020 - Beginners Guide

More videos:

  • Review - Shapeshift's New Platform Review (2020_ Plus, FREE KEEPKEY Giveaway!!
  • Review - Goodbye ShapeShift, They've Turned To The Dark Side

Koinly videos

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 ShapeShift and Koinly)
Crypto
37 37%
63% 63
Cryptocurrencies
28 28%
72% 72
Cryptocurrency Exchange
100 100%
0% 0
Finance
0 0%
100% 100

User comments

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Reviews

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

ShapeShift Reviews

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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.

Social recommendations and mentions

Based on our record, Koinly seems to be a lot more popular than ShapeShift. While we know about 306 links to Koinly, we've tracked only 14 mentions of ShapeShift. 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.

ShapeShift mentions (14)

  • How Web3 Decentralization Can Dismantle Big Tech Monopolies in 2024
    Key funding DAOs such as BitDAO, ShapeShiftDAO, and FlamingoDAO bankroll Web3 projects spanning areas neglected by traditional VCs, like public goods development. - Source: dev.to / 2 months ago
  • Borrowing USDC with FOX: A Guide
    ShapeShift is a cryptocurrency exchange founded in 2014. After being pressured by regulations to add KYC requirements in 2018, ShapeShift decided to transition into a KYC-less self-custodial DEX with zero fees. Shapeshift works as a DEX aggregator, selecting the DEX route that costs the least to the user. Its platform also features an interface to access and control DeFi investments, and integration with fiat... Source: over 1 year ago
  • ElasticSwap-ShapeShift and Mainnet
    FOXy is the first yield bearing elastic supply token launched by the ShapeShift community, but the opportunity for cooperation on future innovative token pairs and innovation in the broader elastic supply space are endless. Not to mention, ElasticSwap will be fully integrating with the ShapeShift trading platform. Source: almost 2 years ago
  • Product & Creative Services Looks to Continue Growth for the DAO & Retain Talent
    Benefits of this proposal passing: - Proposed Feature Product Roadmap for the DAO, encompassing: ShapeShift Mobile, current web app, new open-source web app, shapeshift.com, and other products the ShapeShift DAO launches - Feature specs for prioritized features including goals, success metrics, and acceptance criteria - UI/UX for each prioritized feature. - Front-end development - Reporting on product KPIs... Source: over 2 years ago
  • Why you should turn on whitelisting on your exchange. For the new guys and anyone who just hasn't thought of this scenario.
    The cheapest hardware wallet I have found for this is KEEPKEY for $10. I also own ledger and trezor. Keep key software shapeshift web interface is not great. However in combination with ELECTRUM I do like it. I just don't use their shapeshift.com web interface. There are probably other software wallets it works with as well. Source: over 2 years ago
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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 / 5 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 ShapeShift and Koinly, you can also consider the following products

changelly - Exchange alternative cryptocurrencies.

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

SimpleSwap.io - SimpleSwap is an instant cryptocurrency exchange without sign-up and upper-limits.

CoinTracker - The most trusted cryptocurrency tax and portfolio manager

SideShift AI - SideShift AI is an AUTOMATED COIN SWAP that allows USERS to swap between 20+ cryptocurrencies.

CryptoTrader.Tax - Tax software for cryptocurrency