Koinly vs TokenTax Comparison

Koinly
Koinly
Winner
4.6of 5
Go to Koinly
vs
TokenTax
TokenTax
4.4of 5
Go to TokenTax

Pros & Cons

Koinly
Koinly
Pros
  • Supports over 800 exchanges and wallets
  • Simple, beginner-friendly setup is appreciated
  • Integrated DeFi, staking, and mining tracking
  • Free portfolio tracking available without payment obligation
  • Support for FIFO, LIFO, HIFO, and ACB as tax methods
Cons
  • Audit support is currently not available and is occasionally criticized
  • Pricing structure for high transaction volumes (USD 49 to 279/year) is room for improvement
  • German localization is room for improvement, with a focus on the English-speaking market
Koinly Reviews
TokenTax
TokenTax
Pros
  • Support for over 100 exchanges with API import
  • Complete DeFi and NFT tracking included
  • Full-service tax filing available as an option
  • CPA support included in all pricing tiers
  • All common tax methods are supported
Cons
  • Pricing structure from $65 to $2,999/year at higher tiers is room for improvement
  • Setup is considered complex, support from tax advisors is recommended
  • No free plan available, entry barrier occasionally criticized
TokenTax Reviews

Features

KoinlyTokenTax
DeFi Support
Tax Advisor Export
FIFO Method
LIFO Method
API Access
Mobile App
Free Plan
NFT Tracking
Staking Tracking
Audit Support
DeFi support
Tax advisor export
FIFO method
LIFO method
API access
Mobile app
Free plan
NFT tracking
Staking tracking
Audit support
Koinly
KoinlyHighlights
  • Mobile app available for iOS and Android
  • Support for over 20 countries with country-specific tax reports
  • Live chat and email support for quick help
  • Automatic import via API and wallet addresses
TokenTax
TokenTaxHighlights
  • Full-service tax filing directly through the platform
  • Complete audit defense for tax audits
  • Enterprise API for professional use cases
  • Reconciliation service for complex transaction data

Details