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Koinly Review

Depends

Should I use Koinly?

Free crypto tax software - koinly.io

· 1 week ago

Buy if you trade across multiple exchanges, wallets, or DeFi protocols. Skip if you hold on one exchange with few transactions — cheaper tools or a spreadsheet will do.

Confidence

Medium. Based on 25+ public sources; most snippets were truncated, so specifics like exact prices and ratings were unavailable.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support qualityNo reliable evidence in reviewed sources
  • Security posture

Pricing

$0

Free

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed
Free tierYes

Best for

  • Active multi-exchange traders
  • DeFi and multi-chain users
  • Accountants handling client crypto
  • Multi-year portfolio histories

Not for

  • Buy-and-holders using one exchange
  • A few dozen transactions — spreadsheet works
  • Enterprises needing full accounting ledgers
  • Anyone refusing third-party API key access

Gotchas - check before you buy

high

API-key access means breach exposure sits with the vendor; one source cites a Koinly data breach

medium

Verify which plan covers your tax reports before paying — plan confusion is a recurring complaint

medium

Free tier tracks your portfolio; you pay only when downloading tax reports

medium

Different tax tools compute different gains — cross-check numbers before filing

Pros and cons

Pros

  • Free to start — track your portfolio before paying
  • Connects 750+ exchanges and wallets
  • Handles DeFi and multi-chain portfolios
  • ISO 27001 security compliance
  • 7-day money-back guarantee

Cons

  • Plan structure confuses users
  • Requires handing over exchange API keys to a third party
  • Customer service complaints collected on PissedConsumer
  • Data breach mentioned in security sources

Sources & method

- 14 sources - ISO 27001-compliant per Koinly's own materials; one source references an unverified data breach.

official x2review x8security x3news x1
  • Data breach mention, A security post states Koinly experienced a data breach; details and scale unverified in the sources reviewed.

Key stats

  • Value for money: 3/5

    Rating

  • $0

    Starting price

  • 14

    Sources

  • Analyzed

  • Value for money: 3/5. Free tracking; plan confusion frustrates users
  • Ease of use: 4/5. Auto-imports from 750+ exchanges
  • Feature depth: 5/5. DeFi, multi-chain, 750+ integrations
  • Support quality. No reliable evidence in reviewed sources
  • Security posture: 3/5. ISO 27001 claimed; breach mention unverified
  • 2018 Founded Funded, remote team
  • 750+ Integrations Exchanges and wallets
  • Yes Free tier Tracking free; reports paid
  • 7 days Refund window Money-back guarantee

Pricing

Free

$0

  • Portfolio tracking
  • Connect exchanges and wallets
  • Tax reports require a paid plan

Security

ISO 27001-compliant per Koinly's own materials; one source references an unverified data breach.

  • Data breach mentionA security post states Koinly experienced a data breach; details and scale unverified in the sources reviewed.⁷

What users say

Long-term users report reliable tracking, but plan confusion and API-key security concerns recur across reviews.

Companies that use it

  • Cointree10
  • The Tax Institute (Australia)
Full analysis

Based on 25+ public sources; most snippets were truncated, so specifics like exact prices and ratings were unavailable.

Strong multi-exchange crypto tax software; great for active traders. Skip if your crypto taxes are simple.

Methodology

Based on 25+ public sources; most snippets were truncated, so specifics like exact prices and ratings were unavailable.

Read how a report is made.

Sources

  1. Koinly Trustpilot reviewstrustpilot.com
    review
  2. How reliable is Koinly? — Redditreddit.com
    review
  3. Best Crypto Tax Software 2026 — CalcMoneycalcmoney.io
    review
  4. Koinly Free Plan explainedinnovatehubfinance.com
    review
  5. Koinly security and compliance updatekoinly.io
    security
  6. Is Koinly Secure? — Koinly Help Centersupport.koinly.io
    security
  7. Data breach mention — LinkedIn security postlinkedin.com
    security
  8. Confused on Plans — Redditreddit.com
    review
  9. Koinly vs CoinLedger capital gains mismatch — Redditreddit.com
    review
  10. Koinly and Cointree partnershipaustralianfintech.com.au
    news
  11. Koinly multi-chain review — Quasaquasa.io
    review
  12. Koinly customer service complaintspissedconsumer.com
    review
  13. Koinly about pagekoinly.io
    official
  14. Koinly company profile — Crunchbasecrunchbase.com
    official

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