Coinpanda vs. Koinly
Which crypto tax app is better, Koinly or Coinpanda?
Looking for a crypto tax calculator that features everything you need to calculate and report your crypto taxes? If you’re torn between Koinly and Coinpanda, check out our side–by–side comparison for everything you need to know.
With a superior free tax loss harvesting tool, a more generous free plan, and more reports available to download, Koinly seems like the better choice at a glance, but let’s compare the two head-on to get the full story.
| Koinly | Coinpanda | |
|---|---|---|
| Free plan | ✔ with all features included excluding downloading your tax report | ✔ for 25 transactions |
| Cheapest plan | $49 per tax year for 100 transactions | $49 per year for 100 transactions |
| Payment options | Credit, debit, BTC, ETH, DAI, USDC, MATIC | Credit, debit |
| Integrations | 800 | 397 |
| Free portfolio tracking | ✔ | ✔ |
| NFTs | ✔ | ✔ |
| TurboTax, TaxAct | ✔ | ✔ |
| DeFi | ✔ | ✔ |
| Margin trading | ✔ | ✔ |
| Futures, options, and other CFDs | ✔ | ✔ |
| Loans | ✔ | ✔ |
| IRS tax forms | ✔ | ✔ |
| International tax reports | ✔ | ✔ |
| Free tax loss harvesting tool | ✔ | ✔ |
| Expert review | $499 - $1,999 depending on season | $1,459 |
Integrations
| Koinly | Coinpanda | |
|---|---|---|
| All integrations | 800 | 394 |
| Supported exchanges | 400+ | 162 |
| Supported blockchains | 170+ | 149 |
| Supported wallets | 100+ | 65 |
| YouTube how-to videos | 195 | ✘ |
| TurboTax | ✔ | ✔ |
It’s important your crypto tax software supports all the blockchains, wallets, and exchanges you use so you can easily import data into your tool, otherwise, you’ll end up having to create custom CSV files to import your data.
Koinly supports more than 800 integrations overall, including 450+ exchanges, 100+ wallets, 170+ and more crypto platforms. Meanwhile, Coinpanda supports a total of 397 integrations, including 162 exchanges, 149 blockchains, and 65 wallets. While both platforms cover all the major integrations that are common for crypto investors, for DeFi investors and degens, Koinly is the obvious choice with double the number of integrations.
Bonus point: Koinly has invested in user education, with more than 195 YouTube videos, walking you through how to connect to hundreds of different platforms. It doesn't look like Coinpanda has a YouTube account.
Portfolio tracking
| Koinly | Coinpanda | |
|---|---|---|
| Portfolio tracking dashboard | ✔ | ✔ |
| View unrealized gains and losses | ✔ | ✔ |
| Individual holdings breakdown | ✔ | ✔ |
| View real-time market data for individual assets including rank, price, market cap | ✔ | ✔ |
| View balance, cost per unit, and total value of individual assets | ✔ | ✔ |
| View ROI for individual assets | ✔ | ✔ |
Koinlyl and Coinpanda aren’t just crypto tax calculators, they also function as crypto portfolio trackers. Both platforms feature a dashboard that allows you to view your portfolio performance on both a macro and micro level - including unrealized gains and losses, real-time market data, ROI, and more.
DeFi, NFTs, margin trading, and derivatives
| Koinly | Coinpanda | |
|---|---|---|
| DeFi | ✔ | ✔ |
| Margin trades | ✔ | ✔ |
| Futures, options, and other CFDs | ✔ | ✔ |
| Mining | ✔ | ✔ |
| Staking | ✔ | ✔ |
| Lending | ✔ | ✔ |
| Airdrops | ✔ | ✔ |
| NFTs | ✔ | ✔ |
Both Koinly and Coinpanda offer excellent support for transactions - from more common transactions like mining and staking rewards to less common transactions like margin trades, derivatives, and DeFi transactions. In most instances, both platforms will tag these automatically, saving investors hours of time figuring out how to categorize their income.
When it comes to NFTs, both platforms offer a dedicated NFT dashboard/center, but with Koinly’s, you get a lot more features in your dashboard, including the ability to preview your NFTs, view overall and individual asset cost basis, and your unrealized gains/losses.
Free plan
| Koinly | Coinpanda | |
|---|---|---|
| Rich transaction detail | ✔ | ✔ |
| Rich tax summary | ✔ | ✘ |
| Preview capital gains, losses, income, and more | ✔ | ✘ |
| Free tax loss harvesting tool | ✔ | ✔ |
| Free portfolio tracking | ✔ | ✔ |
| Free NFT dashboard | ✔ | ✔ |
| View available reports | ✔ | ✔ |
Both Koinly and Coinpanda offer free plans that include features like importing your transactions, a free tax loss harvesting tool, a free portfolio tracker dashboard, and a free NFT dashboard - but with Koinly, you get more when it comes to your tax calculations.
With Coinpanda, if you have more than 25 transactions, you’re unable to view a preview of your taxes, so you won’t know what your capital gains/losses, income, expenses and more are until you’ve already upgraded to a paid plan. What this means is you don’t know if there are any issues until after you’ve paid. Whereas with Koinly, you’ll only ever pay when you want to download your tax reports. You can preview your rich tax summary (excluding Canadian users), including your capital gains, losses, income, expenses, and more before you ever pay a dime.
Both platforms offer a free tax loss harvesting tool - but Koinly’s does more. With CoinPanda, you can look at unrealized gains and losses on individual assets, but as you can’t preview your tax liability until you upgrade to a paid plan, the tool is effectively useless for users on a free plan. Whereas with Koinly, you can view unrealized losses and gains on a portfolio and individual asset level, as well as simulate selling assets to see how it impacts your tax liability for the financial year, making it a much better tool to optimize your tax bill.
Usability and features
| Koinly | Coinpanda | |
|---|---|---|
| Easy to use, without compromising functionality | ✔ | ✘ |
| Automatic error detection | ✔ | ✔ |
| Supported transaction types | ✔ | ✔ |
| Transaction filters | ✔ | ✔ |
| Customizable tax settings | ✔ | ✔ |
Both Koinly and Coinpanda strive to make crypto tax simple and save investors from hours spent on manual spreadsheets - but Koinly’s platform makes it easier than Coinpanda.
Coinpanda doesn’t automatically sync your data when you connect via API. That means when you connect your wallets, exchanges, and blockchains, you’ll need to prompt Coinpanda to sync your data. As well as this, you’ll need to prompt Coinpanda to auto-sync each time if you’re using it as a portfolio tracker, and while it’s not the end of the world to do this, Koinly does this automatically for you.
When it comes to importing your data, both platforms offer a variety of supported transaction types and you can filter transactions easily. But where Koinly stands out is with its automatic error detection. When you import your data with Koinly - it will immediately flag any potential issues with you and link you to help guides to guide you through how to resolve it. Whereas while Coinpanda can detect errors, you’ll need to find these yourself by filtering your transactions by warnings, and there’s no obvious links to help guides to help you resolve them correctly.
Customer support
Both Koinly and Coinpanda have strong Trustpilot scores, with a 4.8 star average for Koinly from 1,500+ reviews and a 4.5-star average for Coinpanda from 160+ reviews. Both platforms have a variety of support channels, including help guides, email support, live chat, and expert review services.
But there is a significant price difference between Koinly’s expert review service and Coinpanda’s, with Koinly using dynamic pricing between $499 - $1,999 depending on seasonal demand, and Coinpanda’s expert review service being priced at $1,459.
Supported Countries
| Koinly | Coinpanda | |
|---|---|---|
| USA IRS Reports | ✔ | ✔ |
| Canada CRA report | ✔ | ✔ |
| UK HMRC Report | ✔ | ✘ |
| Australia ATO report | ✔ | ✔ |
| Sweden Blankett K4 report | ✔ | ✔ |
| France Formulaire 2086 report | ✔ | ✔ |
| Finland Lomake 9 report | ✔ | ✘ |
| Denmark Skattestyrelsen Fortjeneste report | ✔ | ✘ |
| Swiss FTA/ESTV Valuation report | ✔ | ✘ |
Both Koinly and Coinpanda offer a variety of reports for investors around the world. For US investors, both platforms offer IRS Forms 8949 and Schedule D, as well as dedicated reports for tax filing software like TurboTax and TaxAct. Outside the US, both platforms offer specific reports for Canada, Australia, Sweden, and France.
But Koinly ever so slightly takes the lead with additional reports for the UK, Finland, Denmark, and Switzerland.
Outside these countries, both Koinly and Coinpanda offer a Complete Tax Report that can help international investors file with their tax office in most instances. Coinpanda offers an additional couple of reports for investors worldwide, including a highest balance report, transaction history CSV, and capital gains CSV - but Koinly once again jumps ahead with 15 detailed reports for investors globally, as well as the country-specific reports mentioned above.
Conclusion: Koinly wins!
Koinly and Coinpanda are comparable in many aspects, but Koinly edges into the lead thanks to a more generous free plan and a stronger offering of reports available to download globally, helping investors in all situations download and file the information they need to easily. As well as this, while both platforms offer a free tax loss harvesting tool, Koinly’s tool offers more information for users yet to buy a plan, while Coinpanda’s tool is of little help for users until they’ve already bought a paid plan.
