Koinly
Depends
Confidence: Medium
Buy if you trade across multiple exchanges, wallets, or DeFi protocols.
New check
Comparison
Koinly vs CoinTracking
Koinly and CoinTracking both land on Depends.
CoinTracking
Depends
Confidence: Medium
Buy if you actively trade across many exchanges and need serious tax reports; the free tier lets you test first.
| Compare | ||
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Active multi-exchange traders | Active multi-exchange traders |
| Who it's not for | Buy-and-holders using one exchange | Casual holders with few trades |
| Privacy | ISO 27001-compliant per Koinly's own materials; one source references an unverified data breach.⁷ | ISO/IEC certified and pen-tested, but a 2025 third-party email breach triggered phishing sent in CoinTracking's name. |
| Support quality | No reliable evidence in reviewed sources | No rating evidence in sources |
| Public sentiment | Long-term users report reliable tracking, but plan confusion and API-key security concerns recur across reviews.¹ | Long-time users value its exchange coverage and tax depth, but small traders call the pricing unfair and overall sentiment is mixed. |
| Biggest gotcha | API-key access means breach exposure sits with the vendor; one source cites a Koinly data breach⁷ | Third-party SendGrid compromise (Nov 2025) sent phishing in its name; rotate API keys |
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 CoinTracking when
- Active multi-exchange traders
- Traders needing full tax reports
- Firms (corporate pricing tier)
- Guess: DeFi power users
When CoinTracking is not a fit
- Casual holders with few trades
- Anyone whose gains are under $199
- Users wanting one-click simple tax filing
- Privacy-first users . Reddit debates its data handling
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
- CoinTracking: The Crypto Tax Calculator & Portfolio Trackercointracking.infoofficial
- Crypto Tax Plans for Every Portfolio Sizecointracking.infoofficial