| Key Takeaways: – CoinLedger is beginner-friendly, and ideal for U.S. users, while Koinly offers a balance of simplicity and advanced features. – Koinly supports DeFi, NFTs, and various cost-basis methods with 800 integrations, compared to CoinLedger’s fewer features and integrations. – Koinly provides comprehensive international tax reports, whereas CoinLedger focuses primarily on the U.S., Australia, and Canada. – Both charge $49 for up to 100 transactions annually; Koinly offers a more generous free plan, while CoinLedger’s free version is more limited. – Koinly offers extensive support and community resources, whereas CoinLedger provides reliable but less engaged customer support. |
Navigating cryptocurrency taxes can be confusing, which is why tax calculators for crypto are so important. They help you keep track of your crypto transactions and determine how much you owe in taxes.
Two popular options are CoinLedger and Koinly. CoinLedger is easy to use and good for beginners, especially those in the U.S., but it has fewer advanced features or international support. On the other hand, Koinly offers a lot more features and works well for complex transactions like DeFi and NFTs. It also supports international tax rules, making it a better choice overall for both new and experienced crypto investors.
In this Koinly Vs. CoinLedger guide, we will compare every aspect of these crypto tax apps to help you choose one.
A Comparative Table of Koinly Vs. CoinLedger
| Feature | Koinly | CoinLedger |
| Free Plan Comparison | – Generous free plan with access to most features. | – More limited free plan compared to Koinly. |
| – Can import and track transactions, view portfolios, and use tax loss harvesting tools. | – Allows transaction imports and basic overview but many detailed features are locked behind a paywall. | |
| – Cannot download the final tax report without a paid plan. | – Requires upgrade for comprehensive tax summary and advanced tools. | |
| Cheapest Plan | – $49 per tax year for up to 100 transactions. | – $49 per tax year for up to 100 transactions. |
| Payment Methods | – Credit cards, Debit cards, Bitcoin (BTC), Ethereum (ETH), DAI, USD Coin (USDC), Polygon (MATIC). | – Credit cards, Debit cards. |
| Integrations and API Support | – 800 integrations, 300 API integrations. | – 632 integrations, 109 API integrations. |
| Supported Platforms | – Supports major platforms like Coinbase and Binance. | – Supports major platforms like Coinbase and Binance. |
| – Extensive integrations and robust API support for smoother, faster data import. | ||
| Portfolio Tracking Features | – Detailed portfolio tracker with individual holdings breakdown, ROI, real-time data, and more. | – Basic portfolio tracker with fewer features. |
| – Additional details include fiat held on exchanges and a dedicated NFT dashboard with image previews. | ||
| Advanced Trading and Reporting | – Supports DeFi transactions and NFTs with a dedicated NFT dashboard. | – Supports DeFi transactions and NFTs but lacks a dedicated NFT dashboard. |
| – Comprehensive support for margin trading, futures, options, CFDs, and loan transactions. | – Does not support margin trading, futures, options, or loan transactions. | |
| Tax Reporting and International Support | – Supports IRS tax forms and provides comprehensive international tax reports for multiple countries. | – Supports IRS tax forms and offers specialized tax reports for the U.S., Australia, and Canada. |
| – Generates a Complete Tax Report PDF for global use. | – Provides generic reports for other regions, such as capital gains, income, end-of-year positions, and an audit trail report. | |
| Usability and Customization | – User-friendly interface with advanced features and settings. | – Beginner-friendly but lacks advanced settings. |
| – Extensive customization options for international tax rules, including various cost-basis methods and country-specific methods. | – Basic customization for tax settings and support standard cost basis methods. | |
| Customer Support and Community | – High customer ratings with extensive community support through forums and subreddits. | – High customer ratings but lacks the same level of community engagement. |
| – Comprehensive resources, including detailed documentation, FAQs, and how-to videos. | – Offers standard support documentation and a series of how-to videos. |
Overview of Key Features: Koinly Vs. CoinLedger
When choosing between CoinLedger and Koinly, it’s important to look at the key features each platform offers, starting with their free plans.
Free Plan Comparison
Koinly
Koinly’s free plan is quite generous, providing users with access to most of its features. You can import and track your cryptocurrency transactions, view a detailed portfolio of your holdings, and even use their tax loss harvesting tool to help minimize your tax bill. The main limitation is that you can’t download your final tax report without upgrading to a paid plan. However, the extensive features available on the free plan allow you to get a clear picture of your tax situation before committing to a subscription.
CoinLedger
CoinLedger also offers a free plan, but it is more limited compared to Koinly’s. While you can import your transactions and get a basic overview, many detailed features are locked behind a paywall. This means you won’t be able to see a comprehensive tax summary or utilize advanced tools without paying for a plan. The free plan provides a basic introduction to the platform, but you’ll need to upgrade to access the full range of features.
| Read More: Nexo Integrates Koinly To Deliver Free Tax Calculation For Its Users – Nexo’s integration with Koinly streamlines tax reporting for its 6 million users, enabling automatic tax calculations and quick report generation across over 100 jurisdictions. – Nexo users enjoy a better experience with up to 800 free transactions and a 30% discount on Koinly’s paid plans, benefiting high-frequency traders and multi-platform users. |
1. Pricing and Payment Options
When it comes to choosing a cryptocurrency tax calculator, understanding the pricing and payment options is crucial. Both CoinLedger and Koinly offer competitive pricing, but there are some differences to consider.
Cheapest Plan
Both platforms offer an affordable entry point:
- $49 per tax year for up to 100 transactions
This plan provides essential features to track and report cryptocurrency transactions efficiently for users with a moderate number of transactions.
Payment Methods
Koinly
- Credit cards
- Debit cards
- Bitcoin (BTC)
- Ethereum (ETH)
- DAI
- USD Coin (USDC)
- Polygon (MATIC)
CoinLedger
- Credit cards
- Debit cards
2. Integrations and API Support: Koinly Vs. CoinLedger
A crucial aspect of choosing a cryptocurrency tax calculator is its ability to integrate seamlessly with various platforms and automatically import data. This helps in accurately tracking all your transactions without manual input.
Number of Integrations
Koinly
- 800 integrations
- 300 API integrations
CoinLedger
- 632 integrations
- 109 API integrations
Supported Platforms
Both Koinly and CoinLedger support major cryptocurrency platforms, including popular exchanges like Coinbase and Binance. This ensures that users can easily import transactions from the most widely used services.
Koinly’s Advantages
Koinly stands out with its extensive integrations and robust API support, allowing for smoother and faster data import. The higher number of API integrations means that Koinly can automatically sync data from more platforms, reducing the need for manual uploads and minimizing the risk of errors. This extensive network of integrations ensures that users can connect nearly all their crypto exchanges, wallets, and services, making tax reporting more comprehensive and less time-consuming.
How is ZenLedger Better than Both Crypto Software?
When it comes to managing cryptocurrency portfolios and handling tax reporting, ZenLedger stands out as a superior option compared to Koinly and CoinLedger.
Designed to be versatile and user-friendly, ZenLedger supports multiple exchanges and wallets, allowing users to seamlessly import their data and generate accurate, up-to-date tax reports.
Key features include tax loss harvesting, downloadable IRS-compatible tax forms, real-time portfolio tracking, and integration with TurboTax, making it particularly accessible even for those unfamiliar with accounting or tax laws.
ZenLedger is SOC 2 certified, which is a clear demonstration of its robust security controls and procedures. Independent third-party audits and annual penetration testing assess security controls.
Defined roles, mandatory security training, and confidentiality agreements enhance team security awareness.
ZenLedger’s services on AWS and GCP feature encryption, regular vulnerability scanning, and active monitoring. Backup services ensure business continuity, and incident response procedures are in place.
Access is controlled with SSO, 2FA, and strong password policies. Quarterly access reviews and risk assessments are standard, and vendor risk is managed systematically.
ZenLedger’s Pricing
| Silver Plan | Gold Plan | Platinum Plan |
| Annual Fee: $49 Transactions: Up to 100 Features: DeFi/Staking/Margin Trading, all detailed reports Select Plan | Annual Fee: $199 Transactions: Up to 5,000 Features: DeFi/Staking/Margin Trading, all detailed reports Select Plan Most Popular | Annual Fee: $399 Transactions: Up to 15,000 Features: DeFi/Staking/Margin Trading, all detailed reports Select Plan Unlimited Transactions: +$600 (includes 1 hour of live support |
Save 10% when you purchase multiple years! These competitively priced plans meet all your crypto accounting needs. All plans come with a 1-year refund policy. Access the report forever, so you can always update or add transactions to your crypto tax reports.
| Plan | Annual Fee | Transactions | All Detailed Reports | DeFi/Staking/NFTs |
|---|---|---|---|---|
| Silver | $ 49 | Up to 100 | ✔ | ✔ |
| Gold | $ 199 | Up to 5,000 | ✔ | ✔ |
| Platinum | $ 399 | Up to 15,000 | ✔ | ✔ |
All Plans Also Include:
- Audit Report
- Tax Pro Access
- HIFO/FIFO/LIFO
- Unlimited Exchanges
- Mining or Donations
- ICOs & Airdrops
- Tax Loss Harvesting
- Crypto as Income
- FinCen/FBAR Alert
- TurboTax Integration
- Personal product consulting available at $150/hr as an add-on.
Professional Crypto Tax Plans
Save time and enjoy extra peace of mind by connecting with a trusted crypto tax professional! Whether you need part or all of your tax return completed, help with an IRS audit or notice, or answers to your crypto tax questions, our experienced partners are here to help. NFTs and DeFi are supported with tax professional prepared plans.
Premium Support Consultation
- Fee: $275
- Duration: 60 minutes
- Description: Having trouble with your crypto tax return? Have questions about your tax situation? Book a confidential 60-minute consultation.
Tax Pro Prepared Plan – Single Year
- Fee: $2,800 (regularly $3,500)
- Description: The easiest way to calculate your capital gains, generate your crypto tax forms, and complete your entire return. Have your tax return prepared by trusted professionals with crypto experience!
Tax Pro Prepared Plan – Multi Year
- Fee: $5,200 for two years (regularly $6,500)
- Description: Need to file or amend more than one year of returns? We make it simple. Our professional partners can prepare the crypto tax reports for you.
3. Portfolio Tracking Features: Koinly Vs. CoinLedger
A robust portfolio tracking system is essential for cryptocurrency investors to monitor their holdings and make informed decisions. Here’s how Koinly and CoinLedger stack up in terms of tracking capabilities.
Tracking Capabilities
Koinly:
- Detailed Portfolio Tracker: Koinly offers a comprehensive portfolio tracking system that provides a deep dive into your crypto holdings.
- Individual Holdings Breakdown: Easily view the balance, cost per unit, and total value of each individual asset.
- Return on Investment (ROI): Monitor the ROI for each asset to understand your gains or losses.
- RealTime Market Data: Stay updated with real-time market prices, ranks, and market caps of your holdings.
- Unrealized Gains and Losses: Track potential gains or losses on your investments to make strategic decisions.
- Additional Details: Access rich details about your portfolio, including fiat held on exchanges, and a dedicated NFT dashboard with image previews.
CoinLedger:
- Basic Portfolio Tracker: CoinLedger provides a basic portfolio tracking feature, which is sufficient for getting a general overview of your crypto holdings.
- Limited Features: The portfolio tracker in CoinLedger is less detailed compared to Koinly. It lacks features like individual asset ROI, real-time market data, and comprehensive breakdowns of each holding.
4. Advanced Trading and Reporting
As cryptocurrency trading evolves, the need for advanced features to handle complex transactions becomes essential. Here’s a look at how Koinly and CoinLedger support advanced trading and reporting needs.
DeFi and NFTs
Both Koinly and CoinLedger recognize the growing importance of decentralized finance (DeFi) and nonfungible tokens (NFTs) in the crypto space.
Koinly:
Dedicated NFT Dashboard: Koinly offers a specialized dashboard for NFTs, allowing users to manage their NFT investments with ease. This includes tracking realized and unrealized gains and losses, along with image previews for a better overview of your NFT portfolio.
CoinLedger:
DeFi and NFTs Support: CoinLedger also supports DeFi transactions and NFTs, but it does not offer a dedicated NFT dashboard, making it less comprehensive for managing NFT investments.
Margin Trading, Futures, and Loans
When it comes to more sophisticated trading activities like margin trading, futures, options, and loans, Koinly has a clear advantage.
Koinly:
Comprehensive Support: Koinly supports a wide range of advanced transactions, including margin trading, futures, options, contracts for difference (CFDs), and loan transactions. This makes it a powerful tool for traders who engage in these complex activities, ensuring all transactions are accurately tracked and reported for tax purposes.
CoinLedger:
Limited Advanced Features: CoinLedger does not support margin trading, futures, options, or loan transactions. This limitation makes it less suitable for users who need to report these types of transactions.
5. Tax Reporting and International Support: Koinly Vs. CoinLedger
Effective tax reporting is crucial for cryptocurrency investors, especially with the increasing regulatory scrutiny worldwide. Here’s how Koinly and CoinLedger compare in terms of tax reporting and international support.
IRS and International Reports
Both Platforms:
- IRS Tax Forms: Koinly and CoinLedger both support IRS tax forms, making them suitable for U.S.-based users who need to comply with local tax regulations.
Koinly:
Extensive International Tax Report Support: Koinly excels in providing comprehensive international tax reports. It supports detailed tax reports for several countries beyond the U.S., including the UK, Australia, Canada, Sweden, France, Finland, Denmark, and Switzerland. This extensive coverage ensures that users from many parts of the world can accurately report their crypto transactions according to their local tax laws. Additionally, Koinly generates a Complete Tax Report PDF that can be used globally, making it a versatile option for international users.
CoinLedger:
Limited International Support: CoinLedger offers specialized tax reports primarily for the U.S., Australia, and Canada. For users in other regions, CoinLedger provides generic reports, such as capital gains, income, end-of-year positions, and an audit trail report. While this is helpful, it lacks the specificity and thoroughness needed for accurate tax reporting in many other countries.
6. Usability and Customization
When selecting a cryptocurrency tax calculator, ease of use and the ability to customize settings for your specific needs are critical. Here’s a look at how Koinly and CoinLedger perform in terms of usability and customization.
User Experience
Koinly:
- User-Friendly Interface: Koinly provides an intuitive and user-friendly interface that balances ease of use with powerful features. Users can effortlessly navigate through their portfolios, track transactions, and generate tax reports.
- Advanced Features: Koinly caters to both beginners and experienced investors by offering advanced features and settings. These include detailed transaction tagging, automated error detection, and comprehensive reports that help users ensure accuracy in their tax filings.
CoinLedger:
- Beginner-Friendly: CoinLedger is designed to be straightforward for beginners to use. The platform simplifies the process of importing transactions and generating basic tax reports.
- Lacks Advanced Settings: While CoinLedger is accessible for novice users, it falls short in providing advanced settings and features that more experienced investors might need. This includes limited transaction tagging options and fewer customization capabilities.
Customizable Tax Settings
Koinly:
- International Tax Rules: Koinly stands out with its extensive customization options tailored to international tax rules. It supports various cost-basis methods such as FIFO, LIFO, HIFO, ACB, and country-specific methods like the UK’s Share Pooling and France’s PVCT.
- Tax Settings Flexibility: Users can adjust settings based on their country’s specific tax guidance. This includes treating certain transactions as taxable or nontaxable and ensuring compliance with local regulations.
CoinLedger:
- Limited Customization: CoinLedger offers basic customization for tax settings, which is adequate for users in the U.S., Australia, and Canada. However, it lacks the depth and flexibility required for users in other countries with more complex tax rules.
- Standard Cost Basis Methods: The platform supports standard cost basis methods like FIFO, LIFO, HIFO, and ACB, but does not provide country-specific methods or advanced customization options.
7. Customer Support and Community
Reliable customer support is essential when navigating the complexities of cryptocurrency tax reporting. Here’s how Koinly and CoinLedger compare in terms of customer support and community engagement.
Support Options
Both Platforms:
- High Customer Ratings: Koinly and CoinLedger both boast high customer ratings on platforms like TrustPilot, reflecting their commitment to customer satisfaction. Each has received an average rating of 4.8 stars, indicating strong user approval.
Koinly:
- Community Support: In addition to standard customer support, Koinly offers extensive community support. Users can access forums and subreddits where they can ask questions, share experiences, and get advice from other users and experts. This active community helps users troubleshoot issues and gain insights into best practices for managing crypto taxes.
- Comprehensive Resources: Koinly provides a wealth of resources, including detailed documentation, FAQs, and numerous how-to videos on YouTube. These resources are designed to help users understand the platform’s features and effectively use its tools.
CoinLedger:
- Standard Customer Support: CoinLedger provides reliable customer support, ensuring users can get help with their queries and issues. However, it does not have the same level of community engagement as Koinly.
- Basic Resources: CoinLedger offers standard support documentation and a series of how-to videos, but the range and depth of these resources are not as extensive as those provided by Koinly.
Conclusion – CoinLedger vs. Koinly
If you need help with your cryptocurrency taxes, both CoinLedger and Koinly are good options, but Koinly is better overall. CoinLedger is easy to use and great for beginners, especially those in the U.S., but it offers fewer advanced features or support for international tax rules. On the other hand, Koinly has more features, supports complex transactions like DeFi and NFTs, and works well for people in many countries. It’s also user-friendly and has great customer support. Whether you’re new to crypto or have a lot of transactions to manage, Koinly is the best choice for handling your crypto taxes smoothly and accurately.
