Koinly vs CoinLedger: Which Crypto Tax Software Should You Use in 2026?
Koinly and CoinLedger are the two names that come up first when someone asks which crypto tax software to use. Both import your exchanges and wallets, compute gains under IRS rules, and export Form 8949. Both let you import and preview your gains before paying. They are good at different things, and picking the wrong one mostly costs you time, not accuracy.
Where they are the same
- Import by exchange API, wallet address, or CSV upload.
- Free to connect everything and see your capital gains before buying a report.
- Generate Form 8949, Schedule D and income reports for the tax year you pay for.
- Export to TurboTax, TaxAct and similar filing tools.
- Support cost basis methods including first-in first-out and specific identification variants.
- Handle the reconciliation you need for the new Form 1099-DA.
Where Koinly pulls ahead
Breadth of coverage
Koinly's integration list is one of the longest in the category, spanning hundreds of exchanges, wallets and blockchains, including many smaller chains and international exchanges. If you have ever used an obscure DEX, a bridge, or a non-US platform, the odds that Koinly recognizes it are higher.
DeFi, staking and NFT handling
Koinly classifies liquidity pool deposits, staking rewards, lending, and NFT mints and sales with more granularity. There is still manual review involved for complex DeFi, but the starting point is better.
International users
Koinly produces reports for a long list of countries beyond the US, which matters if you file in more than one jurisdiction or move.
Pricing
Koinly sells tax reports per tax year in tiers based on transaction count, with a free tier that lets you track your portfolio and preview gains. We were not able to load Koinly's pricing page while writing this guide, so check current tier prices on their site before buying.
Where CoinLedger pulls ahead
Simplicity
CoinLedger's workflow is the easier of the two for someone who has never done crypto taxes. Fewer settings, clearer prompts, and a faster path from "connected" to "here is your gain."
US exchange focus and TurboTax
CoinLedger was built around the major US exchanges and has a direct TurboTax integration. If you file with TurboTax and trade mostly on US platforms, this is the shorter route.
Pricing
Per CoinLedger's pricing page as of September 2026: portfolio tracking is free with unlimited transactions, and tax reports are a one-time purchase per tax year. The Hobbyist plan is $49 for up to 100 transactions, Investor is $99 for up to 1,000, and Pro starts at $199 for 3,000 or more, with additional transactions purchasable in the app. Reports are available for any year back to 2010. Prices can change, so confirm on their site.
Side by side
| Koinly | CoinLedger | |
|---|---|---|
| Free import and preview | Yes | Yes |
| Integration breadth | Very broad, strong on smaller chains and international exchanges | Strong on major US exchanges and popular wallets |
| DeFi and NFT depth | More granular classification | Covers the common cases, simpler |
| Ease for first-timers | Good, more settings to learn | Simplest workflow |
| TurboTax | Export supported | Direct integration |
| Non-US tax reports | Many countries | US focused, some others |
| Pricing model | Per tax year, tiered by transactions | Per tax year, $49 / $99 / $199+ by transactions |
How to decide in ten minutes
- Sign up for both free tiers.
- Connect your two or three biggest sources to each.
- Look at the number of transactions each flags as missing basis or needing review.
- Pay for the one with the shorter fix list. That is the one that understood your history.
If the two are close, the tie-breaker is where you file: TurboTax users lean CoinLedger, everyone with heavy DeFi or non-US activity leans Koinly.
What about CoinTracker and ZenLedger?
CoinTracker competes closely with Koinly on wallet and DeFi coverage and is worth a look if you want year-round portfolio tracking with tax built in. ZenLedger is the pick if a CPA will be finishing your return, since its tooling is built around sharing with a tax professional. All four are on our comparison page.
Get your real number before the IRS gets theirs
Run a quick estimate with the free gains calculator, read the 1099-DA guide, or import your history into one of these and preview your gains before paying for a report.
Frequently asked
Is Koinly or CoinLedger more accurate?
Both compute gains correctly from the same transaction data. Accuracy differences come from how well each one recognizes and classifies your specific sources. Try both free and compare the number of transactions each needs you to fix by hand.
Can I use the free plan to file?
The free tiers let you import, track, and preview gains. The downloadable Form 8949 and tax reports require a paid plan for that tax year on both platforms.
Which one works with TurboTax?
Both export to TurboTax. CoinLedger has a direct integration; Koinly provides a compatible export file.
Do I have to pay every year?
Yes. Both sell reports per tax year. You only pay for the years you need a report for.
This guide is general information, not tax advice. Rules change and your facts matter. Talk to a qualified tax professional about your return. Some links on this page are referral links that may earn us a commission at no extra cost to you.