The world of cryptocurrencies is complex and constantly changing. To succeed in this dynamic environment, investors need the right tools to manage their investments and optimize taxes. But is Koinly really the best option on the market? In this article, we shed light on the current situation and offer a powerful alternative to Koinly that is superior in many aspects.
What is Koinly?
Koinly is a cryptocurrency tax calculation platform. It helps cryptocurrency traders and investors to calculate and manage their tax liabilities related to cryptocurrency transactions. Koinly supports various exchanges, wallets, and cryptocurrencies, making it easier for users to import their transaction data and generate accurate tax reports.
We now take a closer look at CoinTracking and show why the market leader is considered the best alternative to Koinly.
CoinTracking vs Koinly
CoinTracking has established itself globally and has been on the market since 2012. The platform is a superior alternative and not only offers all the features like Koinly, but has additional advantages and features.
✅ 1,377,000 active users
✅ 25.000 CPAs and Corporate Clients
✅ $41.5 billion total value of all portfolios
✅ Audits by our Full-Service team
✅ Strong community
Price
There are notable differences between the two platforms in terms of pricing. CoinTracking outperforms its competitor with a better price-performance ratio across all pricing models. Furthermore, Koinly doesn’t provide corporate accounts.
For instance, CoinTracking offers a completely free option for up to 200 transactions including tax report functionality, while with the free plan from Koinly you will not be allowed to generate a tax report.
CoinTracking also offers an unlimited lifetime account, which can be particularly appealing for traders or DeFi applications. Koinly instead only offers unlimited plans only per tax year. So it’s easy to understand the more transactions you have, the more you will benefit with CoinTracking.
Additionally, you have to pay extra for the daily sync. add-on with Koinly, while with CoinTracking you can enjoy an all-in one solution.
CoinTracking price chart
Koinly price chart
Features
In terms of security you will be on the safe side with CoinTracking as it provides two-factor-authentication, available on both android and iOS. Whereas Koinly lacks this security feature and neither does it provide an iOS App. To understand the benefits of CoinTracking even more, let's take a look at the core features of both platforms.
Portfolio Tracker
Portfolio tracking features are crucial for real-time monitoring of crypto investments and obtaining detailed information on the portfolio performance.
Import of transactions
Both platforms offer to import transactions from various exchanges, wallets, and blockchains. However, CoinTracking surpasses in this aspect by providing more extensive options for importing transactions overall. It is especially appreciated by customers that all import functions work smoothly and without errors.
Another important aspect in terms of convenience is that with Koinly you can only view 25 transactions per page, while with CoinTracking you can see up to 50.000 entries per page, which makes navigation much easier.
Portfolio Analysis Reports
These reports provide deep insights into your portfolio performance. Compared to Koinly, CoinTracking's reports are significantly more comprehensive, making them a valuable tool for any crypto investor.
Tax report types
Tax Tool Integration
Tax Forms
Countries and languages
CoinTracking offers tax reports for over 100 countries worldwide in 15 different languages.
What is a cheaper alternative to Koinly?
What is the best alternative to Koinly?
The best alternative to Koinly is CoinTracking. The platform offers extensive features and functionality at lower prices.
What is a cheaper alternative to Koinly?
CoinTracking has a better price-performance ratio, is cheaper across all pricing packages and offers flexible pricing models.
Conclusion
CoinTracking offers a superior alternative for crypto portfolio management and tax reporting. With its comprehensive features and affordable pricing, the platform is an excellent choice for those who value reliable portfolio management and want to efficiently generate tax reports.
