Koinly Review

Koinly's job is narrow and specific: take a year of wallet and exchange activity and turn it into the numbers a US filer needs for capital gains and income. It connects to 800+ exchanges and wallets, supports Average Cost, FIFO, LIFO and HIFO accounting methods, and exports directly into TurboTax and FreeTaxUSA.

The Free plan lets anyone track up to 10,000 transactions and preview their gains before paying anything, but the report itself is locked behind a paid tier priced by how many transactions you actually made that year.

Finpresso data: Toolradar, the software directory we run, evaluated 39 tax software tools for its tax-software rankings, live and updated September 2026.

Crypto-specific tools like Koinly sit in a narrower lane than that broader tax-prep category, built around exchange and wallet imports rather than a full personal return; our wider ranking of crypto tax software covers that whole category.

This review covers what Koinly actually includes at each tier, how setup and daily use feel, and where the transaction-based pricing hurts.

It compares Koinly to CoinLedger, CoinTracker, TokenTax and ZenLedger, the four crypto tax tools a Koinly buyer actually cross-shops, on real US dollar prices verified on each vendor's own pricing page in September 2026.

Methodology: CoinLedger, CoinTracker, TokenTax and ZenLedger were chosen because they solve the same job as Koinly, crypto-specific tax reporting, not because of any affiliate arrangement; Koinly carries no affiliate program on this page.

Every price below was read on the vendor's own US pricing page this month, no placement was sold, and this review carries no paid position for any product named.

Koinly is crypto tax software that imports transactions from exchanges, wallets and blockchains, calculates capital gains and income, and produces the reports a filer or accountant needs.

It supports 800+ exchanges and wallets and is available in 20+ countries, with tax-method support for Average Cost, FIFO, LIFO and HIFO so the calculation matches how a given country requires gains to be tracked.

It also ships country-specific report formats for the US, Canada, Australia, the UK, Germany, Norway, Denmark and Sweden.

What separates Koinly from a generic ledger is that it is built entirely around the transaction, not the account. Every deposit, withdrawal and trade counts toward a plan's cap, and Koinly says it groups split orders and filters spam or dust transactions so the count stays closer to what a trader actually did rather than what an exchange's API reports.

DeFi activity, staking rewards and NFT trades all flow through the same engine rather than a separate module.

Beyond the core calculation, Koinly generates capital gains and income summaries you can export straight into TurboTax or FreeTaxUSA, or hand to an accountant as a PDF.

Payment for a plan can be made by card or in crypto (BTC, ETH, DAI, USDC). There is no built-in path to a human preparer, which is the clearest gap against TokenTax and CoinTracker's Full Service tier.

Setup starts with connecting exchanges and wallets, either through a read-only API key or a CSV import for platforms Koinly does not support directly. Once transactions are in, the Free plan lets you review your full capital gains and income summary in the app, for up to 10,000 transactions, before you ever pay.

That preview is genuinely useful: you know your tax bill and your plan's transaction count before choosing a tier.

Downloading the actual tax report is what triggers payment, and Koinly picks a plan for you based on how many transactions landed in the tax year you are filing, from Newbie's 100 up to Pro's 10,000-or-more ceiling.

If your transaction count grows after you have paid, Koinly's own FAQ says you can upgrade by paying the difference rather than buying a second plan from scratch.

Rough edges: a trader who crosses a tier's cap mid-year has to upgrade to finish the report, and there is no seat or team-billing structure since Koinly is built for individual filers, not firms.

Koinly, CoinLedger, CoinTracker, TokenTax and ZenLedger all publish US list prices, and every one of them prices by transaction count rather than by seat or feature set.

Koinly's Free plan tracks up to 10,000 transactions at no cost but will not generate a downloadable report; CoinLedger and CoinTracker offer the same kind of free tracking-only tier.

The cheapest paid entry across all five is a tie: Koinly's Newbie, CoinLedger's Hobbyist, TokenTax's Basic and ZenLedger's Silver all charge the same amount for up to 100 transactions, verified on each vendor's own pricing page in September 2026 and listed row by row in the table above.

CoinTracker is the outlier, starting at $59/year (Base) for the same 100-transaction cap, the highest entry price of the group. For a trader deciding purely on price at the low end, Koinly, CoinLedger, TokenTax and ZenLedger are functionally identical.

The gap opens up at the high end.

CoinTracker's Ultra charges $599/year for a 10,000-transaction ceiling, roughly double what Koinly's Pro charges for the same cap.

TokenTax and ZenLedger both go further into pro-level pricing: TokenTax's VIP covers up to 30,000 transactions, and ZenLedger's Tax Pro Prepared plan runs $2,800/year for a professional to prepare the full return, not just generate a report. Neither Koinly nor CoinLedger sells a comparable full-service tier at any price.

Koinly is a strong fit for individual crypto traders and investors who want a clean report without paying for a human preparer. Anyone active across several exchanges and wallets benefits from the 800+ integrations, and the Free plan's 10,000-transaction preview means you can see your real numbers before spending anything.

It also suits filers who use TurboTax or FreeTaxUSA directly, since Koinly exports straight into both.

Freelancers and small businesses that need day-to-day bookkeeping alongside crypto gains can pair Koinly's export with our Zoho Books review, Xero pricing breakdown or FreshBooks pricing breakdown.

Koinly is a weaker fit for traders who have already blown past a tier's cap mid-year and want to avoid upgrading twice, since every plan is a hard transaction ceiling rather than a flexible allowance.

It is also a weaker fit for anyone who wants a person, not just software, to prepare the return: accountants managing client work already use practice management software like TaxDome, and a crypto trader whose accountant works in QuickBooks may prefer a Koinly export the accountant can drop straight into existing books rather than a full-service replacement.

Traders who want that hands-off experience should look at TokenTax's professional tiers or CoinTracker's Full Service plan instead. This review does not cover personal tax advice; confirm your own filing requirements on the IRS digital assets page or with a preparer.