Koinly
Depends
Confidence: Medium
Buy it if you trade actively across multiple exchanges, DeFi, or NFTs and need audit-ready tax reports; start on the free tier to test your import first.
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Comparison
Koinly vs CoinLedger
Koinly lands on Depends, and CoinLedger lands on Worth it.
CoinLedger
Worth it
Confidence: Medium
Buy if you traded crypto across exchanges, NFTs, or DeFi and need tax forms fast . imports are free and reports start at $49.
| Compare | Koinly | CoinLedger |
|---|---|---|
| Verdict | Depends | Worth it |
| Best for | Active multi-exchange traders | Active crypto traders |
| Who it's not for | Buy-and-holders with a handful of trades . overkill | Buy-and-hold investors with few trades |
| Privacy | No public vulnerabilities found, but a third-party compromise exposed user email addresses in December 2025; funds and custody were not reported affected.⁷ | No known public vulnerabilities found in the sources reviewed.14 |
| Support quality | Recurring complaints of slow, unresponsive help | Chat reportedly answered instantly at 1AM. |
| Public sentiment | Users praise the import flow and calculation depth but many complain about unresponsive support and surprise fees.⁶ | Users report smooth imports across hundreds of crypto and NFT transactions, with responsive chat support.13 |
| Biggest gotcha | December 2025 third-party breach leaked user emails; expect phishing attempts⁷ | Done-for-you tax prep jumps to $3,500 with custom quotes and 3-4 week timelines.13 |
Pick Koinly when
- Active multi-exchange traders
- DeFi and NFT investors
- Crypto accountants filing client returns
- UK and Australian crypto filers
When Koinly is not a fit
- Buy-and-holders with a handful of trades . overkill
- Anyone needing responsive support during tax season
- Privacy-wary users after the 2025 email breach
- Enterprise compliance teams . Lukka-class tools fit better
Pick CoinLedger when
- Active crypto traders
- NFT and DeFi users
- Multi-exchange filers
- US, UK, AU, CA, DE and other supported filers
When CoinLedger is not a fit
- Buy-and-hold investors with few trades
- People with a handful of transactions . spreadsheet plus CPA is enough
- Enterprises needing institutional crypto tax compliance
- Buyers who require a large independent review base first
Sources
- Koinly: Free Crypto Tax Softwarekoinly.ioofficial
- Koinly Review: Free Crypto Tax Reports, $49 Plansgist.github.comreview
- Koinly Review (2026): Our Top Pick for Crypto Tax Softwarecountonsheep.comreview
- Koinly Review 2026 - Koinly Is LEGIT But Pay Attention To ...captainaltcoin.comreview
review
- Trustpilot reviews of Koinlytrustpilot.comreview
- Koinly Warning: Third-Party Breach Exposes User Emailsfinance.yahoo.comsecurity
- Is Koinly Secure?support.koinly.iosecurity
- Crypto tax startup Koinly cuts 14% of stafftheblock.conews
- Koinly - Crunchbase Company Profile & Fundingcrunchbase.comnews
- Keeps wanting more money - over a monthdiscuss.koinly.ioreview
- CoinLedger . official sitecoinledger.ioofficial
- CoinLedger security pagecoinledger.iosecurity
- Should I Use CoinLedger . reviewshouldiuse.ioreview
- ScamAdviser . coinledger.io legitimacy checkscamadviser.comreview