Both are leading crypto tax platforms. But they suit very different types of investor. Here's the honest side-by-side comparison to help you choose.
Koinly and CoinLedger are two of the most popular crypto tax software platforms in the world. Both let you import your transaction history from exchanges and wallets, calculate capital gains, and generate tax reports. But they are built for quite different users — and choosing the wrong one can cost you time, money, or both.
For European investors: Koinly wins. Koinly supports 100+ countries, handles complex DeFi automatically, has 300+ more integrations than CoinLedger, and offers specific tax reports for Germany, UK, France, Czech Republic, and more. CoinLedger is primarily US-focused and lacks native support for many EU country-specific reports.
For US investors using TurboTax: CoinLedger wins. CoinLedger has seamless TurboTax integration, is very easy to use for straightforward portfolios, and offers a "Done For You" professional tax service for $499.
The most critical factor for any crypto tax tool is whether it can import your transaction data automatically. Manual CSV uploads are tedious, error-prone, and time-consuming.
| Feature | Koinly | CoinLedger |
|---|---|---|
| Total integrations | 1,100+ | 800+ |
| API connections (automatic) | More | Fewer |
| CSV import | ✓ | ✓ |
| Chains not supported by competitor | Immutable X, Dogechain, ShimmerEVM, Kava | — |
| On-chain fee tracking (gas fees) | Good | Excellent |
| Binance, Coinbase, Kraken | ✓ API + CSV | ✓ API + CSV |
Koinly has approximately 300 more integrations than CoinLedger, including several growing chains that CoinLedger doesn't yet support. Koinly also has more direct API connections, meaning less manual work for most users. CoinLedger relies more on CSV uploads in some cases and does slightly better at tracking Ethereum gas fees (which reduces your taxable gain).
| Plan | Transactions | Koinly | CoinLedger |
|---|---|---|---|
| Free | Portfolio tracking only | $0 | $0 |
| Starter | Up to 100 txns | $49 | $49 |
| Hodler | Up to 1,000 txns | $99 | $99 |
| Trader | Up to 3,000 txns | $179 | $199 |
| High volume | 10,000+ txns | $279+ | $299 |
| Professional service | Full tax prep | — | $499 (Done For You) |
Prices are very similar at lower transaction volumes. Koinly is slightly cheaper at the Trader tier ($179 vs $199) and offers better value at high volumes. CoinLedger's "Done For You" service at $499, where a tax expert handles everything, is a unique offering that Koinly doesn't match.
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This is where the two platforms diverge most significantly.
Koinly handles futures, margin trading, yield farming, liquidity mining, staking, and lending automatically in the vast majority of cases. CoinLedger lacks native support for many of these, requiring manual imports and reconciliation — which can lead to errors and overpayment of taxes.
CoinLedger wins on pure ease of use for simple portfolios. If you only buy and sell BTC and ETH on Coinbase, CoinLedger's interface is slightly cleaner and the tax report generation is faster. For anyone with DeFi exposure, Koinly is the clear choice.
This is the single most important factor for European investors.
| Country | Koinly | CoinLedger |
|---|---|---|
| USA | ✓ Form 8949, Schedule D | ✓ Full support |
| UK | ✓ HMRC report | ✓ HMRC report |
| Germany | ✓ Steuer report | Limited |
| France | ✓ Formulaire 2086 | ✗ |
| Czech Republic | FIFO/LIFO/HIFO ✓ | ✗ |
| Sweden, Norway, Denmark | ✓ | ✗ |
| Australia | ✓ ATO report | ✓ ATO report |
| Total countries | 100+ | 40+ |
CoinLedger is primarily built for US investors. For European users — especially those in Germany, France, Czech Republic, or Nordic countries — Koinly is the only realistic choice. Koinly supports country-specific tax reports, cost-basis methods required by local law, and has dedicated support in more languages.
CoinLedger is widely praised for its polished onboarding and clean dashboard. For a beginner with a simple portfolio (buy/sell on 1–2 exchanges), CoinLedger's experience is slightly smoother. Importing wallets and exchanges and generating a report typically takes under 10 minutes.
Koinly's interface is also very good, but some users find the transaction reconciliation tools more complex. On the other hand, Koinly provides richer portfolio features including an asset maturity dashboard, NFT dashboard, and tax optimization tool — all available on the free plan.
Both offer free portfolio tracking, but Koinly's free plan is more feature-rich — you get the full portfolio dashboard, NFT tracker, and tax optimization tool without paying. With CoinLedger, some of these advanced features are locked behind paid tiers.
Both platforms are read-only — they import your transaction data but cannot move funds. Koinly is ISO 27001 and SOC 2 certified, and has no history of data breaches. CoinLedger (formerly CryptoTrader.Tax) experienced a data breach in 2020 when customer data was exposed. Both have since implemented stronger security measures, and no breaches have been reported since.
If you're based in Europe — Germany, UK, Czech Republic, France, or anywhere else — Koinly is the clear winner. It supports 100+ countries, handles DeFi transactions automatically, has 300+ more integrations, and provides country-specific tax reports. It's also ISO 27001 certified and has never suffered a breach.
Choose Koinly if: You're European, you trade DeFi, you use multiple exchanges, you have complex transaction types (staking, yield farming, futures), or you have 1,000+ annual transactions.
Try Koinly Free — Use Code CRYPTOTAX10 →CoinLedger is the better choice for US investors who primarily use TurboTax, want the easiest possible onboarding experience, or want a professional to file taxes on their behalf via the Done For You service.
Choose CoinLedger if: You're a US investor with a simple portfolio, you use TurboTax, you want human expert help, or ease of use is your top priority.
Try CoinLedger Free →