CoinLedger vs. Koinly

Compare two of the leading crypto tax tools — Koinly vs. CoinLedger — to see which one helps you track your portfolio and calculate your taxes more effectively.

If you’re stuck deciding between them, this guide breaks down the key differences, from integrations and automation to tax accuracy and international reporting, so you can choose the right tool with confidence.

Integrations

Both Koinly and CoinLedger support all major platforms like Coinbase and Binance, but with more than 1,000+ integrations, Koinly includes around 300 more integrations than CoinLedger. This includes several popular and growing chains that CoinLedger does not currently support, such as Immutable X, Dogechain, ShimmerEVM, and Kava.

Koinly also offers more direct API integrations with exchanges, making imports faster and more automated. CoinLedger relies more on manual CSV uploads, which often require custom formatting.

Portfolio tracking

Both platforms aren’t limited to tax reporting; they also both work as free crypto portfolio trackers. This can help users monitor holdings, track unrealized gains and losses, asset balances, ROI, fiat held on exchanges, and more.

Koinly’s portfolio features are a little more advanced than CoinLedger’s and feature an asset maturity dashboard, a tax optimization tool, and an NFT dashboard. CoinLedger has yet to add these features.

DeFi, NFTs, margin trading, and derivatives

Crypto tax gets messy fast, especially with DeFi. If your tax tool can’t handle complex activity properly, your numbers can be wrong.

Koinly supports more complicated transactions like futures, margin trading, yield farming, liquidity mining, staking, and lending out of the box, with minimal reconciliation needed in the majority of cases.

CoinLedger still lacks support for many of these, with manual import and reconciliation necessary. Margin trading is only automatically imported for Kraken; otherwise, it's a manual import. Similarly, neither futures nor loan transactions are supported, even for popular platforms like Coinbase BTC Morpho loans.

Both platforms can auto-import DeFi activity from Ethereum, other EVM chains, and networks like Solana and Cardano. The difference is accuracy.

Koinly auto-categorizes more transaction types, applies protocol-specific logic, and handles merges more reliably, which leads to cleaner reports and fewer manual fixes.

Free plan

Both Koinly and CoinLedger use a freemium model: you can import and track transactions for free, but you need a paid plan to download tax reports. The difference is how much you can actually do before paying.

Koinly gives you far more upfront. Its free plan includes a tax loss harvesting tool, asset maturity and NFT dashboards, and a detailed tax summary (excluding Canada) that lets you review gains, losses, and income before committing to a plan.

CoinLedger keeps most of this behind a paywall, so you won’t know whether your numbers look right until after you upgrade.

Paid plans

On pricing, the two are broadly similar, with plans starting around $49 per year for 100 transactions and scaling up to around $199 for higher transaction volumes.

Usability and features

Both CoinLedger and Koinly let you view and filter your full transaction history across wallets, exchanges, and blockchains. For simple portfolios, either works fine.

The difference shows up with complexity. CoinLedger is better suited to beginners, but struggles with advanced activities like margin trading, futures, and derivatives, often requiring manual fixes. Koinly handles most of these automatically.

Both platforms flag errors, but Koinly offers more ways to resolve them, including clearer in-app guidance, how-to videos, and strong community support on both Reddit and a discussion forum.

Where Koinly really pulls ahead is flexibility. Crypto tax rules aren’t always clear, and Koinly lets users adjust how grey-area transactions are treated and supports more country-specific tax rules and cost-basis methods. CoinLedger offers fewer settings and limited international flexibility, which can lead to inaccurate calculations outside standard scenarios.

Customer support

Crypto taxes get complicated fast, so good support matters. On that front, both Koinly and CoinLedger perform well compared to most competitors, with an average 4.6-star rating on Trustpilot. Both offer live chat and email support across plans, and users generally rate response quality highly.

Both platforms also offer an expert review service, but there’s a clear difference. Koinly’s expert review has been running since 2019 and is priced per review, depending on complexity. CoinLedger’s expert help launched in 2024 and is billed at around $500 per hour, which can add up quickly for complex portfolios.

Refund policies are broadly similar, but Trustpilot reviews suggest CoinLedger users more frequently report issues obtaining refunds, even when errors stem from platform limitations rather than user input.

Reputation and security

Both platforms have solid industry partnerships, including major exchanges and wallets like Binance, Crypto.com, and MetaMask. Koinly goes further, with integrations and partnerships across fintech and tax platforms such as Revolut, Nexo, NEAR, NiceHash, Wirex, Wealthsimple, and Clear Tax, helping users file more easily worldwide.

CoinLedger has faced some backlash in the past, particularly from Voyager users who were required to purchase a CoinLedger plan due to an exclusive partnership to generate Form 8949. For users already affected by the collapse, this understandably caused frustration in effectively paying to claim losses.

On security, Koinly has not suffered any firsthand data breaches and is SOC 2 and ISO 27001 certified. Meanwhile, CoinLedger (then CryptoTrader.Tax) experienced a data breach in 2020 affecting over 1,000 users.

Supported countries 

For US investors, both Koinly and CoinLedger are solid options, with IRS reports and exports for TurboTax, TaxAct, TaxSlayer, H&R Block, and more.

Outside the US, Koinly pulls ahead. CoinLedger offers tailored reports for Australia and Canada, but most other users are limited to basic CSV exports, which are still difficult to file with.

Koinly provides country-specific reports for the UK and across Europe, including France, Sweden, Finland, Denmark, and Switzerland, plus a wide range of additional tax reports. It also offers a Complete Tax Report PDF that works for almost any country.

Conclusion: Which is best?

If you’re a US-based investor with a simple setup on major exchanges, CoinLedger can get the job done.

But if you want a genuinely useful free plan, superior integration support, and more accurate handling of complex activities like margin trading, derivatives, and loans, without hitting constant paywalls, Koinly is the better choice. And, yes, we’re a little biased, but we’ll keep earning it.