Awaken vs. Koinly

Choosing the right crypto tax calculator can make the difference between a smooth filing season and a painful one. If you’re weighing up Awaken vs. Koinly, this guide cuts through the noise, comparing integrations, automation, accuracy, and support, so you can pick the platform that fits your portfolio and your sanity.

Compare the two at a glance, or read on for a more in-depth review of Koinly vs. Awaken.

Integrations

Your tax tool is only as helpful as the platforms it supports. Koinly leads by a wide margin, with 1,000+ integrations compared to Awaken’s 160+.

Both support custom CSVs, but Koinly’s broader API coverage means far less manual work. In most cases, you can sync via API or upload a ready-made CSV with no reformatting required.

Portfolio tracking

Both Koinly and Awaken double as crypto portfolio trackers and tax calculators, letting you monitor your holdings, unrealized gains, and individual asset performance before tax season hits.

Awaken’s portfolio tracking works well for small portfolios, but it’s only fully available on paid plans once you go over 100 transactions. Whereas Koinly includes full portfolio tracking for free for up to 10,000 transactions, making planning ahead for tax season easier, whether you end up buying a paid plan or not.

DeFi, NFTs, margin trading, and derivatives

Crypto taxes get messy fast once you add DeFi, loans, or leveraged trades. The good news: both Koinly and Awaken handle advanced activity well, including staking and mining income, NFTs, margin trades, futures, and DeFi.

Both tools also stay ahead of the curve on adding newer and popular chains, where many competitors still lag. The difference is how they approach DeFi imports.

Koinly supports far more blockchains overall, which makes it a better fit for degens hopping between chains and protocols. Its automated labels are generally very accurate, with few false positives, but the sheer breadth of chain support means some transactions may need review. When that happens, Koinly’s bulk editing tools make it quick and easy to clean things up.

Awaken supports fewer chains, but its automations are very strong where it does operate. In particular, Solana transactions are often picked up more completely, making Awaken a solid choice for Solana-only users. The trade-off is flexibility: when a transaction is mislabeled, fixing it can take longer due to more limited bulk editing and a less forgiving interface.

Overall, Koinly is better suited to multi-chain DeFi users, while Awaken may appeal to investors deep into a select few chains.

Free plan

Both Awaken and Koinly use a freemium model, so you can try the software before paying. Unlike many competitors, both offer a genuine try-before-you-buy experience.

The difference is where the limits kick in. Awaken is free up to 100 transactions. Once you go over that, key details like gains, losses, and income are locked behind a paid plan. Koinly, on the other hand, provides a free tax summary (excluding Canada), so you can review your numbers before upgrading, regardless of transaction count.

Koinly also includes more on the free plan, such as an asset maturity dashboard, a tax optimization tool, and a built-in NFT dashboard, giving you more insight without hitting a paywall.

Paid plans

Koinly’s paid plans start low and scale with your lifetime transaction volume, from around $49/yr for 100 transactions up through higher tiers that cover thousands of trades.

Awaken’s pricing is generally higher. While it offers a generous free tier up to 100 transactions, once you exceed that, you need a paid plan, which typically starts around $199/yr for mid-range volumes, with top plans approaching the high hundreds for heavy users.

That means Koinly tends to be more affordable for most users, especially those with higher transaction volumes, while Awaken’s pricing kicks in sooner once you outgrow its free tier.

Usability and features

Both Koinly and Awaken do a good job of simplifying crypto tax once your data is imported. Both support advanced transaction types, offer strong filtering tools, and include automatic error detection to flag missing or inconsistent data. Similarly, both tools support a wide range of tax settings and accounting methods.

Koinly still has the edge in review and cleanup. Its bulk editing tools make reconciliation faster, and its automated labeling tends to produce fewer false positives, which means less time fixing misclassified transactions. When manual intervention is needed, Koinly generally makes it easier to do at scale.

Customer support

Awaken is still relatively new to the market and doesn’t currently focus on platforms like Trustpilot. Instead, most user feedback shows up on social channels such as X and Reddit, where it’s often praised, especially for its Solana support. That said, some Awaken Tax reviews have sparked debate in the community, with occasional claims of over-enthusiastic promotion rather than long-term user reviews.

Koinly is more established, with over 2 million users, live chat and email support, and a 4.6-star Trustpilot rating from 2,000+ reviews. Like Awaken, it also receives regular feedback across X, Reddit, and other crypto communities, giving potential users multiple places to sanity-check real-world experiences.

Reputation and security

Trust matters when you’re handing over financial data. Koinly is a well-established platform with a strong reputation and partnerships across the crypto ecosystem, including MetaMask, Coinbase, and Binance. It is ISO 27001 and SOC 2 certified, and follows a strict data-minimization approach, only collecting what’s necessary and never sharing user data.

Awaken is much newer to the market and is still establishing its reputation, but it is compliant with the California Consumer Privacy Act (CCPA). On April 1, 2026, Awaken experienced a hack, which is currently undergoing investigation to determine the severity of the access. They warned users to be aware of phishing and impersonation attempts and to remove their API credentials from the platform.

Supported countries 

For US investors, both Koinly and Awaken cover the basics with IRS Form 8949, Schedule D, and TurboTax-compatible reports, as well as support for other tax software options.

Outside the US, the gap widens. Awaken currently has no international tax reports, while Koinly supports investors globally with country-specific reports, including Australia’s ATO myTax, Canada’s CRA Schedule 3, and specific reports for European countries.

Conclusion: Which is better?

Both tools do a solid job, but they’re built for slightly different users. Koinly stands out for its breadth: more integrations, accurate auto-labeling, stronger bulk editing tools, lower pricing, and international tax support. It’s the better fit for most investors, especially those active across multiple chains or filing outside the US.

Awaken, on the other hand, can be a solid choice for Solana-focused users who value strong automations on a smaller set of chains. For everyone else, it’s generally more expensive and more limited in scope.