The recent Biden executive order on cryptocurrencies could get more people tapping into the great potential of cryptocurrencies.
Crypto is at a growing rate of adoption in the US, and with new interest among regulators, there is hope that crypto traders and investors who sold or bought crypto in 2021 will get their ducks in a row when reporting crypto taxes.
With all these in mind, crypto tax tools like Koinly come in handy to make it easy for traders to track their portfolios on multiple digital wallets.
Since its launch in 2018, Koinly has gained a solid reputation as robust crypto tax software that helps to figure out crypto taxes and learn how to save money on tax obligations.
Koinly is an excellent choice for users who don’t trade too often and those looking for cheap plans. If you have a lot of DeFi and NFT transactions and wish to add them manually, then Koinly is a perfect choice.
However, Koinly does not accept crypto payments, which could lead you to look for replacements.
I am listing some alternatives to Koinly in this post. These should help you meet most of your crypto needs. If Koinly doesn’t work for you for some reason, one of the following entries will.
Let’s get started.
Best Koinly Alternatives
1. Ledgible
Ledgible is the platform you need to make your crypto data legible. It is more advanced than Koinly and a great choice for professionals who wish to determine their crypto liabilities and access data to the accounting and tax systems they already use.
This platform is built for tax professionals, CPAs, and institutions. The Atlanta, Georgia-based platform was founded in 2016 and is packed with tools you need to embrace cryptocurrency in your work confidently.
Ledgible’s client engagement feature helps tax pros keep their clients on track and monitor their progress from the client’s dashboard. As a tax professional, you can efficiently work on your client’s accounts to track their crypto gain or loss.
It has a native team management feature that allows scaling your team down or up to match your crypto accounting and filling needs. The tool also features best-in-class reporting to manage your workflow’s crypto tax and accounting data.
Ledgible offers simple pricing for maximum value. Choose Ledgible’s Professional Consumer and Tax plan with prices starting from $49 to enjoy tax-year reporting and make up to 200 transactions. You can also request custom pricing for the Enterprise Accounting plan.
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2. Accointing
Second, on my list of the best alternatives to Koinly is Accointing. Like Koinly, Accointing lets you track your crypto portfolio and file crypto taxes. With Accointing, you can track and file taxes from DeFi, Bitcoin, NFTs, and everything in between.
While Koinly has over 700 integrations, Accointing has implemented 300 integrations to help you automatically tabulate your crypto losses and gains. However, that does not mean that Accointing is not a great tool.
Accointing is best at offering valuable insights and reviews on your crypto portfolio. It helps you dive deeper into your transaction history across cryptoverse and lets you analyze your real-time performance.
With Accointing, you can file all your crypto taxes with a few clicks and get your tax reports in LIFO, FIFO, and HIFO, based on the standard tax principles around the world. It’s one platform that takes care of all your crypto needs and is worth trying.
The platform gives you peace of mind as you file your crypto taxes. It is the best tool for you whether you use a CPA, tax software, or when filing your taxes the old-fashioned way.
Sign up for free with Accointing’s Starter package to enjoy up to 25 transactions. Upgrade to the Trader package that lets you file up to 5,000 transactions at $199 per year. File up to 50,000 transactions with the Pro Package for $299 annually.
3. BitGo
Suppose you are looking for a crypto tax tool that you can trust. I recommend that you go for BitGo. The platform claims to be all about delivering trust in digital assets.
BitGo enables you to navigate through the complex landscape of cryptocurrency using a connected, secure, and compliant suite of solutions. The software operates on the belief that digital assets will soon drive the global financial system.
It is built on the most vital technological foundation to provide integrated solutions that mitigate risk and optimize capital efficiency.
Unlike Koinly, BitGo focuses on serving institutional clients and has been operating since 2013. BitGo strikes an excellent balance between security and accessibility with its hot, warm, and cold wallet solutions.
The tool offers exceptional services for trading digital assets directly and portfolio tools to give you better insights for better decisions. BitGo makes tax reporting easy using customizable tax configurations and automatic report generation.
The software also offers a client SDK and simple API that allow you to manage multiple digital currencies through a unified interface.
This platform has a Volume Discount Pricing methodology that serves hot wallet customers. For two tiers, $0-$1,000,000 at 25bps and $1,000,000,000 or more at 20 bps, the tool bills your BTC from 0 to one million at 25 bps, meaning you’d pay $2,500 for it.
For an ETH send of $100, the software will bill you at 25 bps.
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4. Blockpit
Blockpit is a crypto tax tool like Koinly that lets you calculate crypto taxes for your entire portfolio. This software is worth considering as it is fast, reliable, and 100% compliant. Full compliance is what makes Blockpit stand out against Koinly.
The KPMG-approved platform lets you import data, check your transactions, and create a tax report. You can connect your wallets and exchanges through API, then allow the app to do the rest on your up-to-date profile.
Blockpit lets you enjoy unlimited imports from more than 350 wallets and exchanges, and import everything you do in the cryptoverse through CSV.
You’ll experience incredible relief when using this tool to get your tax reports. The reports are completed down to the last line and are downloadable in PDF.
Like Koinly, Blockpit is about real-time tracking all your assets, wallets, exchanges, and trades. The software has a clean interface to help you make smart decisions.
This platform offers various licenses to suit your needs. Try it for free and enjoy up to 25 transactions, automated wallet and exchange updates, tax reports and completed forms, NFT and DeFi support, and unrealized gains and losses, among others.
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5. CoinLedger
CoinLedger is a crypto tax platform that can be a perfect replacement for Koinly. It is built to save you time while maximizing your refund.
The tool lets you calculate your crypto taxes in three simple steps; start by importing your transactions from your exchanges and wallets, preview your report, generate your tax report, and you’ll be good to go.
Similar to Koinly, CoinLedger integrates with your favorite platforms for you to import your transactions. So, whether you are trading, buying NFTs, or earning interest, CoinLedger comes in handy.
CoinLedger’s partnership with the largest tax preparation tool, Turbo Tax, makes it a better choice than Koinly. More than ever, this partnership makes it easier to report your crypto gains and losses.
This platform allows you to generate your gains and losses in any currency. Its reports can be used to complete relevant tax forms from any country.
CoinLedger’s crypto tax reporting pricing features reports from 2010 to 2022. All its plans have a 14-day money-back guarantee with a vast selection of the software’s core features.
It has four pricing plans: Hobbyist at $49 for 100 transactions, Day Trader at $99 for 1,500 transactions, and High Volume at $199 for 5,000 transactions. For unlimited transactions, I recommend the Unlimited plan at $299.
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6. ZenLedger
ZenLedger is a crypto tax tool that can work perfectly in the place of Koinly. ZenLedger saves you the unsettling stress of calculating crypto taxes for thousands of transactions in three simple ways.
It helps you track your trades, see your gains and losses, and save you from overpaying taxes. Like Koinly, the software supports over 400 exchanges.
The only difference is that ZenLedger supports more coins and wallets, blockchains, NFTs, and DeFi protocols and continuously adds new integrations.
ZenLedger offers more advanced features to help you save on crypto taxes. With its premium support, you can reach out to its customer support team seven days a week, including evenings, through email, chat, or phone.
The Turbo Tax integration makes it easy to upload transactions from ZenLedger, and you can easily see all your transactions on one easy-to-read spreadsheet.
Another exciting feature you’ll probably not find on Koinly is the tax loss harvesting tool. This feature saves you money while helping you trade smarter.
ZenLedger is competitively priced to meet your crypto trading needs. Try it for free and get detailed reports for up to 25 transactions or upgrade to premium at $149 per year for 5,000 transactions.
Also Read: NiceHash vs BetterHash
7. TokenTax
TokenTax combines human expertise and technology to deal with the most sophisticated crypto tax cases.
This powerful and intuitive software has similar functionalities to Koinly, except that it’s a pioneer software created for tax accounting as reflected by powerful tools like the Minimization accounting method and Tax Loss Harvesting Dashboard.
TokenTax is user-centered, and at every pricing tier, you get live chat support from its product experts, who are friendly, knowledgeable, and well-rounded.
It is an intuitive tax software that imports data from various exchanges, calculates capital gains, losses, and liability, and automatically generates tax reports. The tool is also great at offering advanced cryptocurrency reconciliation to backfill incorrect or missing data.
In summary, this feature-rich tool has everything you need to wholly and correctly file your taxes, no matter what you’ve traded or your location.
This platform offers pricing plans that suit your needs and desired level of service. The Basic plan suited for casual Coinbase and Coinbase Pro investors will cost you $65 per tax year, while the Premium plan for investors who operate across platforms and exchanges costs $199.
If you are an investor with high trade volume across platforms and exchanges then you should go for the Pro plan at $799 per tax year.
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8. CryptoTax Calculator
As the name suggests, CryptoTax Calculator provides easy-to-understand tax calculations with customizable rules to support your unique tax needs. CryptoTax Calculator is an excellent Koinly substitute that does a better job than Koinly in giving powerful and accurate tax reports.
This platform considers complex tax scenarios like DeFi loans, gas fees, DEX transactions, leveraged trading, and staking rewards. For this reason, industry-leading accountants love this software for its accurate and detailed reports.
If you use a DEX like Uniswap, Sushiswap, or Pancakeswap, then you’ll find CryptoTax Calculator helpful. The platform works with complex DeFi products while at the same time supporting the most popular LP and staking protocols once you add your public wallet address.
CryptoTax Calculator helps all major internationally recognized exchanges, including Coinbase, Binance, and FTX. In addition, the tool supports platforms like Uniswap and Opensea.
All CryptoTax Calculator pricing plans cover all transactions, including DEXs, DeFi, derivatives and staking, and downloadable reports for all financial years with one subscription. The plans also have a 30-day money-back guarantee and are billed annually.
Get started with the Rookie plan for $49 to support your 100 transactions or get the Hobbyist plan for 1000 transactions at $99.
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9. Cointelli
If you hope to find a Koinly alternative that understands the practical difficulties you face when organizing your tax data, then Cointelli is the software for you. The tool is built by CPA and tech experts to offer you true reliability.
Cointelli makes the entire process of tax reporting straightforward. This intelligent and all-in-one crypto tax solution uses unique technology to take care of all your tax needs in one place, saving you money and time.
The tool is certified by CPA Mark King and offers accountants fully customizable features that let them effectively communicate with clients.
Cointelli delivers a high standard of accuracy while helping you maximize the crypto tax benefits. Its integrations allow you to compile transactions easily and support over 100 exchanges, wallets, and blockchains.
Try Cointelli for free or access all the features when you upgrade to its Everyone plan at $49 per tax year. If you run an enterprise with a trading volume of over 100K, you can ask the Cointelli team to customize a price for you.
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10. Coinpanda
Coinpanda is one of the world’s most reliable and easy-to-use crypto tax tools that lets you file your tax returns in under 20 minutes. It is an excellent solution for cryptocurrencies, NFTs, and DeFi.
This platform was built after its makers had gone through a series of tax frustrations so the team understands your case very well. With Coinpanda, you’ll save more time downloading your tax reports in a few minutes, minimizing your taxes and maximizing your profits.
Coinpanda is easier to use than Koinly. Additionally, it is a powerful solution for serious traders and investors looking to track their cryptocurrency portfolio, gain insight into their trades, and learn how to optimize profit.
Coinpanda directly integrates over 500 exchanges, blockchains, and wallets. It lets you import all your historical transactions using CSV files or API keys.
Get free tax preview and portfolio tracking with Coinpanda’s free plan forever.
To enjoy more features and conduct more transactions, upgrade to the Holder plan at $49 per tax year for 100 transactions, the Trader plan at $99 per tax year for 1,000 transactions, or the Pro plan at $189 per tax year for 3,000 transactions.
11. TaxBit
TaxBit is a complete tax and accounting solution for your digital assets. It is similar to Koinly, just that it helps you achieve compliance and accuracy while operating at a scale of a Big Four grade self-service solution.
The platform gives you end-to-end information reporting and IRS audit trail management on a cross-platform and cost basis in real time.
It is designed by CPAs and tax attorneys and is trusted by the industry to power compliance for some of the biggest names in digital assets and is a selected alliance partner of Deloitte. It is one of the most accurate self-service tax solutions for end-to-end compliance.
TaxBit is a modernized accounting tool with the muscles to handle the complexity of digital and crypto assets, including ERP integrations and robust reporting.
Unlike Koinly, TaxBit is a trusted solution for the government and regulatory agencies as it offers complete data analysis, detailed and accurate tax calculation reporting, and examination support.
You can get started with TaxBit for free to enjoy unlimited transactions, connected wallet addresses, and email support.
If you wish to access more features and live web chat support, you can upgrade to the Basic plan at $50 per year, the Plus+ plan at $175 per year, or the Pro plan at $500 per year.
12. BlockSentry
BlockSentry is your go-to tool for detailed analysis and insights into your crypto portfolio. It gives you real-time insight into your crypto trading across multiple exchanges and a detailed analysis of your gains and losses.
It is an intelligent crypto tax software that allows you to file your taxes quickly. The platform stands out against Koinly as it uses advanced AI technology to auto-fill your tax forms and automatically detect transfers between accounts, saving you money and time.
BlockSentry is an end-to-end government compliance solution that does more than filing your tax. The tool helps you with tax identity management, CRS and FATCA reporting, global reporting, remittance, and reconciliation.
You can start using BlockSentry for free and access two monthly tax analyses for your 100 transactions. Its Premium plan that supports up to 1000 transactions will cost you $60 and comes with custom features, an audit trail, and a portfolio tracker.
13. Atani
If you are interested in a tool to help you trade, manage your portfolio, and do more than automate your tax reports, Atani is the tool for you.
Atani is a better multi-account aggregator and portfolio management tool than Koinly that helps you securely connect your Coinbase, Binance, FTX, and more than 70 other exchanges, dexes, and blockchains.
The tool gives you complete control over your crypto and is available in more than 200 countries.
Atani has advanced features to help you trade Bitcoin plus over 3,000 other cryptocurrencies. It’s made for investors and traders of all levels and gives you free access to trading premium tools.
Some of these advanced tools include multicharting, drawing tools, unlimited chart saving, and all your favorite technical indicators.
Atani is free.
14. Bitwave
Bitwave is a good replacement for Koinly and a great tool to help you unlock digital assets for your enterprise finance. Bitwave combines accounting capabilities and tax with workflow and process expertise to help you thrive.
There is a reason why many prefer Bitwave for their crypto taxes. Ahead of Koinly, Bitwave empowers businesses to streamline their back office operations through its out-of-the-box features that simplify workflow while increasing productivity.
The tool is specifically designed to manage an intersection of crypto tax, accounting, compliance, and enabling the financial revolution made possible by cryptocurrency.
You can try Bitwave for free. Sign up to find details on the payment plans that suit your crypto tax needs.
Also Read: Koinly vs CoinTracker
15. SoftLedger
SoftLedger is a real-time cloud accounting software that empowers your business to operate more efficiently with smart decisions.
Unlike Koinly, SoftLedger is a fully connected toolkit built for speed to help you efficiently manage multiple entities, close your books faster, and integrate with other platforms.
As you know, crypto is volatile, hence you need SoftLedger to stay compliant, make smart decisions, and see the value of your assets.
SoftLedger offers real-time multi-wallet crypto asset management and transactional reporting and accounting. The tool is built to adapt as your crypto enterprise grows. It is intuitive and easy to use, meaning you can get your data quickly and keep going.
You get everything you need with SoftLedger’s flexible pricing plans. Choose its SBM plan at $979 per month for three users or request custom pricing for the Enterprise plan to enjoy additional features for unlimited users and unlimited entries.
Final Words
These tools are some of the best alternatives to Koinly simply because they stand out in their functionality, ease of use, and reliability. I hope you find a tool that will be an excellent fit for your crypto tax needs.
However, if you wish to get valuable insights and reviews on your crypto portfolio and dive deeper into your transaction history across the cryptoverse, I recommend you use the Accointing software.
