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The Best Koinly Alternative

Is Koinly not working for you, or simply looking for a better alternative? Learn more in our Coinpanda vs. Koinly comparison to find out which crypto tax calculator is the best choice for you!

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Both Koinly and Coinpanda are two popular crypto tax platforms and are often recognized as the two leading services today. While there are many similarities between the two, there are also some key differences that may be important when deciding which crypto tax calculator is the right choice for you.

In this detailed comparison, we will see how Koinly compares against Coinpanda so you can make an informed decision when choosing the right crypto tax calculator.

Integrations

Both Koinly and Coinpanda support almost all exchanges, wallets, and blockchains that are widely used today. In fact, Koinly and Coinpanda are the two platforms with the highest number of integrations on the market.

However, at the time of writing, it does appear that Coinpanda has integrations with more exchanges and wallets than Koinly currently supports. This might not be a deal breaker for you, so instead, we encourage you to see which platform can best import transactions from the exchanges and wallets you have used.

CoinpandaKoinly
Total integrations900+800+
Supported exchanges473400
Supported wallets158134
API integrations370300
Major platforms/blockchainsCheck greenCheck green

Adding an integration is fairly similar when using Coinpanda or Koinly. All you need to do is search for the exchange, wallet, or blockchain you want to connect to and enter your API keys or public address.

DeFi and NFTs

Today, most crypto tax platforms have basic support for typical DeFi transactions such as borrowing, lending, and staking. This includes also Koinly and Coinpanda which both support the most common transactions, but there are some important differences to be aware of.

Based on our users’ feedback and observations, Koinly does not support DeFi from popular blockchains like Solana, Cardano, Algorand, and other L1 blockchains. It appears that Koinly has focused mainly on Ethereum and other EVM blockchains, while Coinpanda has DeFi integration with almost all popular L1 blockchains today.

Depending on which blockchains you have used or will use in the future, this might be a deciding factor. DeFi transactions can be very complex, so it’s critical that you choose a tax platform that can import all your transactions correctly with minimum manual corrections.

CoinpandaKoinly
General DeFiCheck greenCheck green
StakingCheck greenCheck green
Lending/borrowingCheck greenCheck green
Add/remove liquidityCheck green 450+ protocolsMinus solid Few protocols
NFTsCheck green 70+ blockchainsMinus solid Few blockchains

The same goes for NFTs. Coinpanda supports automatic import and tracking of NFTs from many more blockchains than Koinly does. At the time of writing, NFTs from blockchains such as Flow and NEAR are supported by Coinpanda, but not by Koinly.

Although both Koinly and Coinpanda have an NFT center that lets you view all NFTs and their associated cost basis, Coinpanda does take the lead on Koinly when it comes to NFT support.

Coinpanda NFT center

Portfolio tracking

When it comes to portfolio tracking, there is not a huge difference between Koinly and Coinpanda. Both platforms let you connect your exchange accounts and wallets using either API keys or your public addresses and offer a dashboard that gives you a full overview of your portfolio holdings and the latest movements in the crypto market.

In addition to basic information such as your crypto assets, both Koinly and Coinpanda also provide more in-depth details such as cost basis, unrealized gains and losses, and holdings per wallet breakdown.

If you are simply looking for a portfolio tracker, you will most likely be very satisfied using either Koinly or Coinpanda.

Coinpanda dashboard

Futures and margin trading

In general, Koinly and Coinpanda are two of the best options for anyone trading futures or derivatives on exchanges such as Binance, Bybit, or Kraken. Both Koinly and Coinpanda have solid integration for derivatives trading from the major platforms and can handle all transaction types, such as trading fees, funding payments, and realized gains and losses.

Because of this, we encourage you to try both Koinly and Coinpanda to see which platform works best for you and can import your transactions most accurately.

Customer support

Doing your crypto tax calculations can be both a very challenging and intimidating task, and it’s critical that you get enough support and help so that you can generate an accurate tax report.

Chatting with a real person is the best way to get help, and both Koinly and Coinpanda support this. Although there can be differences in how long time you need to wait before getting a reply, you are likely to get the help you need from both platforms.

CoinpandaKoinly
Live chatCheck greenCheck green
Email supportCheck greenCheck green
Forum supportCheck greenCheck green
Help CenterCheck greenCheck green

Both Koinly and Coinpanda have a community forum where you can report bugs and import issues or request new features and integrations. However, from reports we have received, it seems that Coinpanda support staff is much more active in the forum and engaging with their customers than Koinly.

Both platforms have an extensive help center with published help articles explaining most of the functionality, troubleshooting missing transactions, and importing transactions from different exchanges and blockchains.

Supported countries

CoinpandaKoinly
Complete Tax Report (PDF)Check greenCheck green
Income and expense reportCheck greenCheck green
USA, IRS formsCheck greenCheck green
UK, HMRC reportCheck greenCheck green
Australia, ATO reportCheck greenCheck green
Canada, CRA reportCheck greenCheck green
France, Formulaire 208Check greenCheck green
Sweden, K4 blankettCheck greenCheck green
Japan, total cost basisCheck greenCross grey

Both Koinly and Coinpanda offer extensive and detailed tax reports for all major jurisdictions worldwide, including the US, the UK, Australia, Canada, and France.

If you are reporting taxes in the US, you are in safe hands with all required IRS forms, including Form 8949 and Schedule D. You can also export a CSV file compatible with TurboTax and TaxAct. The same goes also for Australia, Canada, and the UK, where both Coinpanda and Koinly offer specialized tax reports and tax forms you need for filing taxes easily.

Only one country, Japan, is not fully supported by Koinly among the largest jurisdictions today. For Japanese crypto investors, the only cost basis method allowed by the tax authorities is “total cost basis,” which is fully supported by Coinpanda.

Koinly and Coinpanda offer a general international tax report that breaks down all your capital gains and losses, income, and expenses for anyone outside the countries already mentioned. These reports include all the information you need when filing your taxes.

Free plan

CoinpandaKoinly
Portfolio trackingCheck greenCheck green
Transaction detailsCheck greenCheck green
Cost analysisCheck greenCheck green
Capital gains previewCheck greenCheck green
NFT centerCheck greenCheck green
Tax reportsCheck green 25 transactionsCross grey

The free plan offered by both Koinly and Coinpanda lets you explore most features before deciding to upgrade to a paid tax plan. The free plans come with complete portfolio tracking, access to transaction details and cost analysis, and much more.

In fact, there is not much that separates Koinly and Coinpanda on the free plan, except that Coinpanda provides full access to all tax reports and forms if you have 25 transactions or less. This might be an important feature for anyone who wants to preview the available tax reports before upgrading.

Pricing

Both Koinly and Coinpanda have a similar pricing plan structure. How much you need to pay depends on the total number of transactions for a specific tax year. All plans give you lifetime access to download tax reports for the year to which you have upgraded. Both platforms also have custom plans for users with a large number of transactions exceeding the lower plans.

Although the pricing is fairly similar, it’s important to be aware that Coinpanda may import significantly fewer transactions from derivatives and futures trading by consolidating all transactions from the same day into a single transaction. This means that you may end up with fewer transactions in a given tax year, so you only need to upgrade to a lower tax plan on Coinpanda, thus saving money!

CoinpandaKoinly
25 transactionsCheck green FreeCross grey
100 transactions$79$49
1,000 transactions$149$99
3,000 transactions$249$199
20,000 transactions$389$399

Conclusion

After reading this comparison guide, it should be clear that both Koinly and Coinpanda are great options for anyone looking for a crypto tax calculator. Although there are small differences, most crypto investors will find that both platforms can help calculate crypto taxes and provide an accurate tax report.

One key decision factor may be that Coinpanda has more integrations than Koinly does today. This is important, since unless you want to spend hours importing your transactions manually in Koinly, you may find the API integrations offered by Coinpanda help you save hours.

Although we might be slightly biased, our conclusion is that Coinpanda is the overall winner based on the aforementioned reasons!

If you are already a Koinly user and want to switch to Coinpanda after reading this comparison, you have two options:

Method 1

Export a CSV file with your complete transaction history from your Koinly account. Next, upload this file to a Koinly wallet in your Coinpanda account. Coinpanda will automatically detect and categorize your transactions in a way that is similar to how they were imported to Koinly. All future transactions must be imported using either API import or by uploading CSV files.

RECOMMENDED

Method 2

Connect your exchange accounts and wallets to Coinpanda and import all your transactions from all the years you have traded crypto. This is the recommended method for several reasons:

  • No duplicate transactions will be imported
  • Makes it much easier to import future transactions and keep all your wallets up to date
  • Avoids the possibility of transactions imported wrongly to Koinly to also be imported wrongly to your Coinpanda account
  • Easier to debug and troubleshoot the data imported

Our support team is available 24/7 to help you migrate from Koinly to Coinpanda – 100% free of charge! If you have questions, please get in touch with our support team, and they will guide you through the process.

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