Koinly vs CoinLedger: Which is Best? [2024]

Koinly
Tax Software
Overall Rating
CoinLedger
Tax Software
Overall Rating

Overview

If you want an easy and fast way to calculate your crypto taxes, then you will need crypto tax software. Koinly and CoinLedger are two of the most popular options for tax software. They both make it easy to calculate and generate forms for tax reporting. We've posted all the information to make it easy for you to compare the two software.

CoinLedger vs Koinly in Comparison

Description

Koinly

Koinly is crypto tax software that was founded in 2018. The company's goal is to solve crypto tracking & tax reporting for investors.

CoinLedger

CoinLedger--formerly CryptoTrader.Tax--is crypto tax software that makes it simple to calculate and report your crypto taxes. The company was founded in Texas in 2018.

Free Trial Offered?

Koinly

CoinLedger

Supported Countries

Koinly

Koinly supports any country that uses Average Cost, FIFO, LIFO, HIFO etc for calculating gains. The company offers specialized tax reports for larger countries, like the USA, Canada, Australia, UK, Germany, Norway, Denmark and Sweden.

CoinLedger

CoinLedger is mainly focused on offering its software to the USA, Germany, Canada, Australia, New Zealand, Japan, Austria, Switzerland, Denmark, Spain and France.

Supported Cryptocurrencies

Koinly

23,000+ cryptocurrencies

CoinLedger

20,000+ cryptocurrencies

Price

Koinly

Four plans:

  • Free
  • $49 per year
  • $99 per year
  • $199 per year

  • The plan you need will depend on how many trades you have made. All paid plans offer access to all reports and other features.

CoinLedger

Four plans:

  • Free
  • $49 per year
  • $99 per year
  • $199 per year

  • The plan you need will depend on how many trades you have made. All paid plans offer access to all reports and other features.

IRS Form 8949, Schedule D

Koinly

CoinLedger

Export to TurboTax, TaxACT

Koinly

CoinLedger

Integrations

Koinly

Koinly supports all common wallets and exchange integrations.

CoinLedger

CoinLedger supports all common wallets and exchange integrations.

Tax-Loss Harvesting

Koinly

CoinLedger

Portfolio Tracking

Koinly

CoinLedger

NFT Support?

Koinly

CoinLedger

Have These Software's Customer Data Been Hacked Before?

Koinly

Koinly customer data has not been hacked before.

CoinLedger

In 2020, around 1,000 customers of CoinLedger had their data stolen by a hacker. The CEO, David Kemmerer, confirmed this in an interview with Coindesk. since then, there have not been any incidents.

Is Live Chat Support Offered?

Koinly

All Koinly plans offer live chat support

CoinLedger

All plans offer live chat support, even the free plan

Official Site

Koinly

https://koinly.io

CoinLedger

https://coinledger.io/

Koinly vs CoinLedger Comparison

These are the two most popular crypto tax software. We tried to make things easy by giving all of the facts above, while our opinion can come in below. Also, we created a free crypto tax calculator for the USA if you only have a few trades.

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. CNBC - Everything you need to know about filing crypto taxes — especially if your exchange went bankrupt, https://www.cnbc.com/select/how-is-crypto-taxed/
  2. Internal Revenue Service - Frequently Asked Questions on Virtual Currency Transactions, https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions

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