Koinly Reviews & Product Details
Koinly is a top cryptocurrency tax solution preferred for its affordability and ease of use. The solution can deliver comprehensive tax reports in less than 20 minutes, connects to all of your wallets, blockchain addresses, and exchanges, and delivers accurate insights from across your entire trading portfolio. Koinly’s ability to help users complete tax returns and give data-driven information on their wealth-building potential is notable. It also ensures you do all this from a single platform that’s easy to track and monitor.
| Capabilities |
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|---|---|
| Segment |
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| Deployment | Cloud / SaaS / Web-Based |
| Support | 24/7 (Live rep), Chat, Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support |
| Training | Documentation |
| Languages | English |
Koinly Pros and Cons
- Tax reports delivered in less than 20 minutes
- Available in over 20 countries
- Easily imports trades
- Allows users to preview capital gains
- Free version available
- Doesn’t support crypto payments
- Pricey for frequent traders
Koinly's integration in crypto exchanges works and is much easier than other tools. You can easily change any automatically created transaction.
The handling of NFTs is still very rudimentary. For example, there is no good way of managing scam NFTs that are sent to wallets.
Paying accurate taxes on crypto investments
I’m very impressed with Koinly so far. It really helps to keep your crypto taxes in check. The app design is what sold me. It’s very well organised and facilitates your every move. It’s much easier to keep an eye on your transactions and tax reports in such a clean format.
Not much to dislike but perhaps they could add an integration for Bitpanda.
I was trying to generate a tax report for my cryptocurrency trades (for 2019). It was very easy and went without issues.