Koinly vs TokenTax: Which Is Better in 2025?
Detailed comparison of Koinly vs TokenTax. Compare pricing, CPA network, audit defense, DeFi support, and international coverage to make the right choice.
🏆 Quick Verdict
- Best for Most Users: Koinly - Better pricing, cleaner interface, broader international support
- Best for CPA Access: TokenTax - Integrated CPA network, audit defense included
- Best Value: Koinly - Significantly cheaper at all levels
- Best for High-Volume Traders: TokenTax - Unlimited transactions at $399
Side-by-Side Comparison
| Feature | Koinly | TokenTax |
|---|---|---|
| Rating | ⭐ 4.8/5 | ⭐ 4.7/5 |
| Starting Price | $49/year (100 txns) | $65/year (100 txns) |
| Mid-Tier Price | $99/year (1,000 txns) | $199/year (1,500 txns) |
| Unlimited Plan | $279/year | $399/year (with audit defense) |
| Free Plan | Preview only | Preview only |
| Supported Exchanges | 700+ | 600+ |
| DeFi Support | ⭐⭐⭐⭐⭐ Excellent | ⭐⭐⭐⭐⭐ Excellent |
| CPA Network | ❌ No | ✅ Integrated |
| Audit Defense | ❌ No | ✅ Included in Pro plan |
| Tax Review Service | ❌ No | ✅ Available |
| Countries Supported | 100+ | 20+ (primarily US) |
| Tax Forms | IRS 8949, UK, Canada, Australia, etc. | IRS 8949, limited international |
| TurboTax Integration | ✅ Yes | ✅ Yes |
| Customer Support | Email + Help Center | Email + CPA access (paid plans) |
Pricing Comparison
Koinly Pricing
- Newbie: $49/year (100 transactions)
- Hodler: $99/year (1,000 transactions)
- Trader: $179/year (10,000 transactions)
- Pro: $279/year (unlimited transactions)
TokenTax Pricing
- Starter: $65/year (100 transactions)
- Premium: $199/year (1,500 transactions)
- Pro: $399/year (unlimited + audit defense)
- VIP: $2,999/year (full service + CPA filing)
Winner: Depends on Volume
- Low volume (<1,000 txns): Koinly wins ($49-$99 vs $65-$199)
- Mid volume (1,000-10,000 txns): Koinly wins ($99-$179 vs $199-$399)
- High volume (10,000+ txns): TokenTax wins if you value unlimited at $399 vs Koinly's $279 but with added audit defense
Feature Comparison
DeFi Support
Winner: Tie
- Koinly: Excellent automatic DeFi categorization. Handles Uniswap, Aave, Compound, Curve, yield farming, liquidity pools, wrapped tokens.
- TokenTax: Equally strong DeFi support with intelligent categorization. Good at handling complex DeFi scenarios.
Both platforms excel at DeFi. TokenTax has slight edge with CPA review available for complex scenarios.
CPA Network & Professional Support
Winner: TokenTax
- TokenTax: Integrated CPA network. Can connect with crypto-savvy CPAs directly through platform. Tax review services available. Audit defense included in Pro plan ($399).
- Koinly: No CPA network or tax professional services. You're on your own or need to find external CPA.
This is TokenTax's biggest advantage - peace of mind from professional review.
Audit Defense
Winner: TokenTax
- TokenTax Pro ($399): Includes audit defense support. CPAs help respond to IRS inquiries.
- Koinly: No audit defense services.
Ease of Use
Winner: Koinly
- Koinly: Clean, intuitive interface. Easy wallet/exchange sync. Clear transaction review process. Better visual design.
- TokenTax: Functional but less polished interface. More technical feel. Can be overwhelming for beginners.
International Support
Winner: Koinly
- Koinly: 100+ countries with local tax rules. Excellent support for UK (HMRC), Canada (CRA), Australia (ATO), Germany (Finanzamt).
- TokenTax: Primarily US-focused with limited international coverage (20+ countries). Best for US taxpayers.
Transaction Limits
Winner: TokenTax for High Volume
- TokenTax: Unlimited transactions at $399 with audit defense included. Excellent value for very active traders.
- Koinly: Unlimited transactions at $279 (cheaper) but no audit support. 10,000 transaction plan at $179 may be enough for many.
User Experience
Koinly
Strengths:
- Beautiful, clean interface
- Fast sync and processing
- Excellent transaction categorization
- Clear warnings for data issues
- Great help documentation
- 700+ integrations
Weaknesses:
- No CPA network or professional support
- No audit defense
- Can't see final report without paying
TokenTax
Strengths:
- CPA network integration
- Audit defense on Pro plan
- Tax review services available
- Unlimited transactions at reasonable price ($399)
- Strong DeFi categorization
- Good for complex tax situations
Weaknesses:
- Less polished interface
- More expensive than Koinly for most tiers
- Limited international support
- Steeper learning curve
Accuracy & Tax Compliance
Koinly
- Excellent accuracy with automatic DeFi detection
- Country-specific tax calculations (HMRC, CRA, ATO, etc.)
- Regular updates for tax law changes
- Strong for international users
TokenTax
- Excellent accuracy with CPA review option
- Primarily IRS-focused calculations
- Benefit of professional oversight (if you pay for it)
- Audit defense provides peace of mind
Winner: TokenTax for US (with CPA review), Koinly for International
Who Should Choose Koinly?
- ✅ International users (UK, Canada, Australia, Germany, etc.)
- ✅ Budget-conscious traders (better value at most tiers)
- ✅ Users who want simple, beautiful interface
- ✅ Self-filers comfortable with DIY tax prep
- ✅ Traders with moderate activity (1,000-10,000 transactions)
Who Should Choose TokenTax?
- ✅ US taxpayers wanting CPA access
- ✅ Users concerned about audits (audit defense included)
- ✅ High-volume traders (unlimited at $399 with audit support)
- ✅ Complex tax situations (want professional review option)
- ✅ Users who value peace of mind (CPA network + audit defense)
Final Recommendation
🏆 Overall Winner: Depends on Your Needs
Choose Koinly if:
- You're outside the US (Koinly's international support is far superior)
- You want better value (cheaper at most tiers)
- You prefer a cleaner, more intuitive interface
- You're comfortable filing taxes without CPA review
Choose TokenTax if:
- You're a US taxpayer wanting CPA access
- You value audit defense and professional oversight
- You're a high-volume trader (>10,000 transactions)
- You have complex tax situations needing expert review
FAQs
Is Koinly better than TokenTax?
For international users and value-seekers, yes. For US taxpayers wanting CPA access and audit defense, TokenTax may be better despite higher cost.
Which is cheaper, Koinly or TokenTax?
Koinly is cheaper at almost every tier. Koinly: $49-$279. TokenTax: $65-$399. Only exception is TokenTax's unlimited plan includes audit defense for $399.
Does Koinly have CPA support like TokenTax?
No. TokenTax's integrated CPA network and audit defense are unique features. Koinly is DIY-only.
Which has better DeFi support?
Both are excellent. Tie. Both handle complex DeFi scenarios well. TokenTax has slight edge if you need CPA review for complex situations.
Which is better for international users?
Koinly is far better with 100+ countries supported vs TokenTax's 20+. Koinly has excellent UK, Canada, Australia, Germany support.
Is TokenTax's audit defense worth it?
If you're concerned about IRS audits and have significant crypto gains, yes. The Pro plan ($399) includes audit defense which provides peace of mind. For most casual users, it's unnecessary.