Koinly
Depends
Confidence: Medium
Buy if you trade across multiple exchanges, wallets, or DeFi protocols.
New check
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 | ||
|---|---|---|
| Verdict | Depends | Worth it |
| Best for | Active multi-exchange traders | Active crypto traders |
| Who it's not for | Buy-and-holders using one exchange | Buy-and-hold investors with few trades |
| Privacy | ISO 27001-compliant per Koinly's own materials; one source references an unverified data breach.⁷ | No known public vulnerabilities found in the sources reviewed.16 |
| Support quality | No reliable evidence in reviewed sources | Chat reportedly answered instantly at 1AM. |
| Public sentiment | Long-term users report reliable tracking, but plan confusion and API-key security concerns recur across reviews.¹ | Users report smooth imports across hundreds of crypto and NFT transactions, with responsive chat support.15 |
| Biggest gotcha | API-key access means breach exposure sits with the vendor; one source cites a Koinly data breach⁷ | Done-for-you tax prep jumps to $3,500 with custom quotes and 3-4 week timelines.15 |
Pick Koinly when
- Active multi-exchange traders
- DeFi and multi-chain users
- Accountants handling client crypto
- Multi-year portfolio histories
When Koinly is not a fit
- Buy-and-holders using one exchange
- A few dozen transactions . spreadsheet works
- Enterprises needing full accounting ledgers
- Anyone refusing third-party API key access
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 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
- CoinLedger . official sitecoinledger.ioofficial
- CoinLedger security pagecoinledger.iosecurity