Pros & Cons
- 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
- 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
- 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
- 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
Features
| ✓ | 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 | ✓ |
- 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
- 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
The five areas head to head
AI AnalysisFees & Costs
Importing is free: up to 10,000 transactions can be loaded, wallets and exchanges connected without limit, and capital gains previewed. Payment is only due when downloading the finished tax report, charged per tax year: around $49 for 100 transactions, $99 for 1,000, $199 for 3,000 and $299 from 10,000 upwards. Anyone needing a report once a year pays for that year only. As of August 2026.
Not enough reviews available.
Usability & User Experience
Setup is regarded as the most approachable entry point among tax tools: exchanges connect by API or CSV and categorisation runs largely automatically. Users with heavy DeFi activity still need to reconcile manually. As of August 2026.
Not enough reviews available.
Features & Offering
More than 800 exchanges and wallets are connected. Country-specific tax reports are available for the US, UK, Canada, Australia, Germany and around 20 further jurisdictions, which matters because the output has to match the local filing format. Portfolio tracking and iOS and Android apps round this out. As of August 2026.
Not enough reviews available.
Details
Verdict
In our overall rating Koinly leads with 4.6 against 4.4 for TokenTax.
For most investors Koinly is therefore the better choice.
Koinly is especially valued for its beginner-friendly interface and broad coverage of more than 800 exchanges and wallets. The setup is considered straightforward, which is particularly helpful for users who are dealing with the tax reporting of cryptocurrencies for the first time. With support for FIFO, LIFO, HIFO, and ACB as tax methods, Koinly covers the calculation methods commonly used in Germany. DeFi, staking, and mining transactions are also automatically recognized and categorized.
The free portfolio tracking makes it easy to get started without having to pay right away. The mobile app for iOS and Android is positively regarded as a practical addition to the web version. The pricing tiers from USD 49 to 279 per year are considered moderate in market comparison, although the costs at high transaction volumes are seen as room for improvement. Koinly offers country-specific tax reports for more than 20 countries, underlining its international usability.
The German localization is occasionally described as room for improvement, as the focus is more on the English-speaking market. Audit support is also currently missing, which may be relevant for users with more complex tax requirements. Overall, Koinly is seen as a solid choice for beginners and users with medium transaction volumes who are looking for an intuitive tool with broad exchange coverage and mobile access.
TokenTax is regarded as one of the most professional crypto tax software solutions on the market. Its standout feature is full-service tax filing, where users can handle their entire crypto tax return directly through the platform – including CPA support in all pricing tiers. This is especially appreciated by users with complex portfolios who need to record DeFi, NFT, and staking transactions accurately for tax purposes.
The complete audit defense for tax audits and the reconciliation service for complex transaction data set TokenTax apart clearly in the professional segment. More than 100 exchanges are supported via API import, and all common tax methods are available. The Enterprise API enables integration with existing accounting systems, which is relevant for businesses and professional tax advisors.
The pricing structure of $65 to $2,999 per year is occasionally criticized at the higher tiers as room for improvement. A free plan is not available, which raises the entry barrier compared with other tools. Setup is also considered complex, although the integrated CPA support partly offsets this aspect. TokenTax is therefore seen primarily as suitable for professional investors, active traders, and users in need of full-service tax advice – less so for beginners or occasional users.