Koinly Reviews

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.