Koinly vs TaxBit Comparison

Koinly
Koinly
Winner
4.6of 5
Go to Koinly
vs
TaxBit
TaxBit
4.1of 5

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
TaxBit
TaxBit
Pros
  • Support for over 140 countries and jurisdictions
  • All tax methods available, including custom methods
  • SOC 2-certified, bank-level security
  • Full enterprise API for seamless integration
  • Personal account manager for enterprise customers
Cons
  • Focus on enterprise customers, offering for private users has room for improvement
  • Pricing on request, public pricing has room for improvement
  • Setup is considered complex, professional support is recommended
TaxBit Reviews

Features

KoinlyTaxBit
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
TaxBit
TaxBitHighlights
  • Complete compliance suite for tax audits
  • Over 500 billion matched digital asset transactions
  • SOC 2 certification and bank-level security
  • Custom enterprise reports and tax forms

Details