VERDICT
Should I use Koinly?
Free crypto tax software - koinly.io
Depends. 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.
Categories
Confidence
Medium. Based on 25+ public sources; most snippets were truncated, so specifics like exact prices and ratings were unavailable.
Ratings
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
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.
Alternatives
Compare Koinly with each alternative.
CoinLedger
Similar coverage, simpler interface; often cited as a direct rival
Koinly vs CoinLedger
CoinTracker
Popular alternative with strong wallet and portfolio tracking
CoinTracking
Deep reporting veteran; steeper learning curve for beginners
TokenTax
Premium option with expert filing; no free plan
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.
Sources
- Koinly Trustpilot reviewstrustpilot.comreview
- How reliable is Koinly? — Redditreddit.comreview
- Best Crypto Tax Software 2026 — CalcMoneycalcmoney.ioreview
- Koinly Free Plan explainedinnovatehubfinance.comreview
- security
- Is Koinly Secure? — Koinly Help Centersupport.koinly.iosecurity
- Data breach mention — LinkedIn security postlinkedin.comsecurity
- Confused on Plans — Redditreddit.comreview
- review
- Koinly and Cointree partnershipaustralianfintech.com.aunews
- review
- Koinly customer service complaintspissedconsumer.comreview
- Koinly about pagekoinly.ioofficial
- Koinly company profile — Crunchbasecrunchbase.comofficial
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