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Koinly: Complete Review
Koinly is a leading crypto tax platform that automates reporting across exchanges, wallets, DeFi, and NFTs. With broad jurisdiction support and 1099DA compliance, its built for anyone who needs reliable tax calculations at scale.
Review trust details
Reviewed by: Yeti Crypto Bazaar Editorial Team - Senior Review Analyst
Last updated: April 21, 2025. All pricing and features verified for accuracy.
How we tested
- Created and configured a working account/profile flow to verify onboarding and access steps.
- Verified current fee, spread, and transaction terms directly on the live product pages and fee docs.
- Tested key security controls (2FA/session controls/withdrawal safeguards where applicable).
- Reviewed official documentation, help center coverage, and support-channel responsiveness.
- Imported sample transactions and verified tax lot handling, reconciliation logic, and report export consistency.
For broader context, use the portfolio and tax tools hub, read the Beginner Guide, review Common Crypto Scams and Risk Management for Beginners, then compare this platform with CoinTracking.
Contents
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Quick Overview
Features & Functionality
Integration Capabilities
- API and CSV import across 350+ exchanges
- Wallet tracking with autosync
- Full DeFi and NFT transaction support
- Smart contract parsing
Tax Calculation Tools
- FIFO, LIFO, HIFO, ACB cost basis
- Capital gains and income tracking
- Tax loss harvesting
- Staking and mining income logging
Real-World Use Cases
Portfolio Management
Track performance over time across multiple wallets.
Tax Reporting
Generate CPAready reports with 1099DA coverage.
DeFi/NFT Coverage
Decode smart contracts and calculate gasadjusted P/L.
Security Features
- 256bit encryption
- Readonly API keys
- Cloud backups enabled by default
Fee Structure
- Free: $0 (portfolio tracking only)
- Newbie: $69/year
- Hodler: $179/year
- Trader: $279/year
- Pricing tiers scale with transaction volume.
Pros
- Easytouse interface
- Massive integration list
- Accurate and transparent tax logic
- Outstanding customer support
- Automatic portfolio syncing
Cons
- Higher tiers required for large portfolios
- Some DeFi entries need manual adjustments
- Full support access gated by premium tiers
Verdict
Koinly blends automation and precision for crypto tax reporting. Its a strong fit for active traders and DeFi users who want consistent, CPAready outputs across jurisdictions.
Affiliate disclosure: We may earn a commission if you sign up through this link, at no extra cost to you.
Platform Screens
Frequently Asked Questions
Are the calculations reliable
Yes. Theyre audited regularly and include manual verification tools.
Does Koinly support DeFi transactions
Yes. Full DeFi support including smart contract parsing.
What about NFT tax handling
Includes profit/loss, gas, and trade history.
Can I import all my past transactions
Unlimited historical data imports.
Is my account secure
Uses 256bit encryption and readonly API keys.
Which tax forms are available
Countryspecific forms + 1099DA for U.S. users.
Technical Details
- Security: 256bit encryption
- Integration: API (readonly), CSV uploads
- Cloud Backup: Enabled by default
- Mobile Access: Yes (browserbased)
- Support: Email, live chat (tierdependent)
- Updates: Realtime syncing
- Transaction Limits: Based on pricing tier