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Koinly vs TokenTax
Software you operate against a service that operates it for you. This is a question about how messy your history is.
Both links below are affiliate links — what that means. It does not change what is written here; every entry carries a drawback for the same reason.
Short answer
Choose Koinly if…A few exchanges and a manageable number of trades. You can do this yourself in an evening.
Visit Koinly →Choose TokenTax if…Years of DeFi, margin, lost records and cross-chain movement. There is an accounting firm behind the software, and at that level of mess it is cheaper than the alternative.
Visit TokenTax →Side by side
| Koinly | TokenTax | |
|---|---|---|
| Launched | 2018 | 2017 |
| Based / registered | United Kingdom | United States |
| Who holds the assets | Not applicable — read-only imports | Not applicable — read-only imports |
| Identity verification | None | None |
| Available to US residents | Yes, plus around 20 other countries | Yes, with an in-house accounting service |
| Includes |
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What each one is actually good at
KoinlyThe widest country coverage, and you can import everything and see your gain before paying — you only pay to export the report.
Worth knowing. Pricing is per tax year and rises steeply with transaction count. A busy DeFi year can cost more than an accountant would charge to check it.
TokenTaxThe only one here that will do the work for you — an actual accounting firm sits behind the software, which is the right answer for a genuinely messy history.
Worth knowing. By far the most expensive, and the cheapest plan supports very few exchanges. Overkill for anyone with a handful of trades on one exchange.
What do they cost?
Both charge per tax year, and both scale the price with how many transactions you have — which means the cost depends entirely on your own history rather than on a headline number. Check yours against the live pricing:
Before paying for either, it is worth trying our own tax report generator — it is free, covers 12 countries, and runs in your browser. For a straightforward history it may be all you need; for years of DeFi it will show you what you are up against.
Before you commit
Availability changes. Regulators bar platforms, platforms withdraw from markets, and this page was last checked on 2026-08-05 — confirm on the platform’s own terms that it serves your country before you sign up.
And before paying either: the rules for your own country decide most of the answer. Crypto tax in 22 countries covers what the software is actually applying on your behalf.