Koinly vs Waltio Comparison

Koinly is especially valued for its beginner-friendly interface and broad coverage of more than 900 exchanges, wallets and blockchains. 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: up to 10,000 transactions can be imported and capital gains previewed. The Android app complements the web version, while for the iPhone there is so far only a TestFlight beta. Payment is due only for the tax report, per tax year €49 for up to 100 transactions, €99 for 1,000 and €199 for 3,000; that is 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.

For Germany, Koinly produces a dedicated tax report that is filed with the tax return via ELSTER, although parts of the German pricing page are only in English. 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.

Waltio is built for investors who want to get their crypto transactions in order without deep tax knowledge. Setup is guided step by step, and with more than 700 supported exchanges, wallets and blockchains it copes with portfolios spread across several platforms. DeFi is not an afterthought here: staking, lending, NFTs and airdrops are all captured in full, which is more than many cheaper tools manage.

The pricing makes for an easy start. Portfolio tracking is free indefinitely; you only pay once you want to generate an official tax report. Plans run from €39 to €999 a year depending on transaction volume: trade very actively and you will land at the upper end quickly. Each subscription covers one tax year and renews automatically on 1 October. FIFO, LIFO and HIFO are all available as calculation methods; for Germany, Waltio calculates on a FIFO basis and shows holding periods.

Waltio grew up in the French market, where it produces form 2086. In March 2026 the provider expanded to Germany and Italy: German users get a tax statement, the official Anlage for private disposals, a holdings overview and a transaction journal, plus a step-by-step guide showing which forms and fields to fill in on ELSTER. For Spain, Waltio prepares the IRPF documents and Modelo 721. Austria and Switzerland, by contrast, are not among the core countries: users there only get the international report for a tax adviser to work with.

In January 2026 Waltio reported a data incident. According to the provider, it affected email addresses and aggregated figures from 2024 tax reports, namely gains, losses and balances as of 31 December 2024; passwords, API keys, wallet addresses, transaction history and bank details were not affected. The cause was a database management tool that Waltio has permanently taken out of service; the French data protection authority CNIL was notified and a criminal complaint was filed.

On balance, Waltio is a sound choice for European investors with DeFi-heavy portfolios who appreciate the free entry point. German investors now have a dedicated version with an ELSTER guide; for Austria and Switzerland, a provider with its own local coverage remains the more obvious pick.