The Best Koinly Alternative: Crypto Tax Comparison

Choosing the right crypto tax tool can be tricky. Blockpit and Koinly are top options, but key differences in compliance, integrations, pricing, and tax optimization set them apart. See why more crypto investors are switching from Koinly to Blockpit!

Key Facts

<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Pricing</td>
<td>Starting at 49$</td>
<td>Starting at 49$</td>
</tr>
<tr>
<td>Free Version</td>
<td>Portfolio tracking and import with full functionality</td>
<td>Just portfolio tracking</td>
</tr>
<tr>
<td>Supported Assets</td>
<td>500,000+</td>
<td>20,000+</td>
</tr>
<tr>
<td>Mobile App</td>
<td>Free for iOS and Android</td>
<td>Free for iOS and Android</td>
</tr>
</table>
</figure>

Crypto Tax Reporting

<figure class="block-table">
<table border="1">
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Complete PDF Tax Report</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Supported Countries</td>
<td>100+</td>
<td>100+</td>
</tr>
<tr>
<td>Pre-Filled Tax Forms</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Accurate Country-Specific Tax Settings</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Income Overview</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Capital Gains</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Cost Basis Methods</td>
<td>FIFO, ACB, Shared Pool</td>
<td>FIFO, LIFO, ACB, Shared Pool, HIFO</td>
</tr>
<tr>
<td>Additional Explanation for Tax Authorities</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>

Both Blockpit and Koinly are top crypto tax calculators, supporting 100+ countries with PDF tax reports, income tracking, capital gains calculations and additional explanations for tax authorities at the end of the report.

View examples of the Blockpit Tax Reports here: Sample Tax Reports

<div fs-richtext-component="info-box" class="info-box"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4cef4c34160eab4440_Info.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">Watch out: While Koinly offers multiple cost basis methods like LIFO and HIFO, many tax offices only accept FIFO. Only Blockpit ensures 100% compliance by automatically applying the correct tax settings, so you can’t choose an invalid method that could invalidate your report.</p></div></div></div>

Country-Specific Reporting

<figure class="block-table">
<table>
<tr>
<th>Country</th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>USA (IRS forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>UK (HMRC forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Germany (BZSt forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Canada (CRA forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>Australia (ATO forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>France (DGFiP forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Spain (AEAT forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Italy (Agenzia Entrate forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Austria (BMF forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Netherlands (Belastingdienst forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Switzerland (FTA forms)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Denmark (Skattestyrelsen forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>Sweden (Skatteverket forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>Finland (Vero Skatt forms)</td>
<td>⛔</td>
<td>✅</td>
</tr>
<tr>
<td>Belgium (SPF forms)</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>

<div fs-richtext-component="info-box" class="info-box"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4cef4c34160eab4440_Info.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">Both Blockpit and Koinly offer local tax reports with pre-filled, ready-to-file forms to ensure compliance with national regulations. However, Koinly falls short in key European markets, lacking full support for countries like Germany, Spain, Italy, Switzerland, Austria, the Netherlands, and Belgium.</p></div></div></div>

Tax Optimization

Both tools help reduce your taxes, but Blockpit goes further. With its advanced Crypto Tax Optimizer and Sales Simulator, users save an average of $2,395 through tax-loss harvesting. Watch the video to see why Blockpit is the smarter choice!

Portfolio Tracking

<figure class="block-table">
<table>
<tr>
 <th></th>
 <th>Blockpit</th>
 <th>Koinly</th>
</tr>
<tr>
 <td>Free Portfolio Tracking</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Historical Price Data</td>
 <td>15 years</td>
 <td>9 years</td>
</tr>
<tr>
 <td>Portfolio Insights</td>
 <td>✅</td>
 <td>⛔</td>
</tr>
<tr>
 <td>NFT Gallery</td>
 <td>✅</td>
 <td>✅</td>
</tr>
</table>
</figure>

Both Blockpit and Koinly offer free crypto portfolio tracking, including NFT galleries for your collectibles. However, Blockpit stands out with 15 years of historical price data (vs. Koinly’s 9), giving you a more complete view of long-term performance.

Blockpit also offers exclusive portfolio insights that Koinly lacks, helping investors make smarter decisions. These include a holdings allocation chart with hover effects (showing up to 8 assets) and a summarized breakdown of your key crypto activities—like staking earnings over the past year—at a glance.

Integrations

<figure class="block-table">
<table border="1">
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Exchange Integrations</td>
<td>160+</td>
<td>400+</td>
</tr>
<tr>
<td>Blockchain / Wallet Integrations</td>
<td>260+</td>
<td>250+</td>
</tr>
<tr>
<td>DeFi Protocol Integrations</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Daily Auto-Sync</td>
<td>✅ (with Pro license and above)</td>
<td>✅ (with additional cost)</td>
</tr>
<tr>
<td>CSV Upload</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>

Automatic integrations are key in crypto tax tools, saving time and reducing errors. Both Blockpit and Koinly support a wide range of exchanges, wallets, and blockchains. While Koinly boasts 400+ integrations, Blockpit focuses on quality, ensuring the most accurate and reliable data imports.

<div fs-richtext-component="info-box" class="info-box protip"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4b151815fb0be48cec_Lightning.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">We may support fewer exchanges, but likely the ones you need. Check our integrations list: Blockpit Integrations</p></div></div></div>

Supported Assets

<figure class="block-table">
<table>
<tr>
 <th></th>
 <th>Blockpit</th>
 <th>Koinly</th>
</tr>
<tr>
 <td>Supported Digital Assets</td>
 <td>500,000+</td>
 <td>20,000+</td>
</tr>
<tr>
 <td>LP Token</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Derivatives</td>
 <td>✅</td>
 <td>⛔</td>
</tr>
<tr>
 <td>Commodities</td>
 <td>✅</td>
 <td>⛔</td>
</tr>
<tr>
 <td>NFTs</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>FIAT (Euro, Dollar)</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Spam Token Filter</td>
 <td>✅</td>
 <td>✅</td>
</tr>
</table>
</figure>

Blockpit supports over 500,000 digital assets, far surpassing Koinly’s 20,000+. If it has a ticker, we likely support it. Both platforms cover LP tokens, NFTs, and FIAT, but Blockpit also includes derivatives and commodities. With spam token filtering and broader asset coverage, Blockpit is the smarter choice.

DeFi, Futures, Margin

<figure class="block-table">
<table>
<tr>
 <th></th>
 <th>Blockpit</th>
 <th>Koinly</th>
</tr>
<tr>
 <td>DeFi </td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Staking</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Lending / Borrowing</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Add / Remove Liquidity</td>
 <td>✅</td>
 <td>✅</td>
</tr>
<tr>
 <td>Futures & Margin Trading</td>
 <td>✅</td>
 <td>✅</td>
</tr>
</table>
</figure>

The rise of crypto brought in the era of decentralized finance and with it came many new and revamped financial products, services and applications. Most crypto tax calculators offer a basic support for these types of transactions, and Blockpit and Koinly are no exception.

Blockpit supports a wide range of DeFi activities, including staking, lending, borrowing, and liquidity management. It also handles futures and margin trading, ensuring widespread coverage of all trading activities. Koinly offers similar features but lacks some advanced functionalities, making Blockpit a more robust alternative to Koinly.

Customer Support

<figure class="block-table">
<table border="1">
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Live Chat</td>
<td>✅ Smart AI Tax Bot</td>
<td>⛔ Generic Chat Bot</td>
</tr>
<tr>
<td>Crypto Tax Guides</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Email</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Community</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Help Center</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Webinars</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Blockpit Academy (coming soon)</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>

Crypto taxes can be overwhelming, especially with evolving regulations and edge cases. Koinly's support is limited to email and a basic chatbot, lacking live chat or community engagement. While they offer tax guides for various countries, they often lack in-depth local details.

Blockpit provides a superior support system, including a smart tax bot trained on crypto tax laws, detailed email assistance, and a comprehensive help center. Beyond support, Blockpit fosters a strong user community of crypto investors and tax experts, hosting regular webinars to address questions and share insights.

Additionally, Blockpit is launching an in-app academy featuring tutorial videos by CEO Florian Wimmer, guiding users through crypto tax reporting and portfolio management for a seamless experience.

<div fs-richtext-component="info-box" class="info-box protip"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4b151815fb0be48cec_Lightning.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">Blockpit’s live chat, community support, and webinars make crypto taxes easier, offering a more user-friendly experience than Koinly.</p></div></div></div>

Why Blockpit Is the Best Koinly Alternative for Your Crypto Tax Report

Blockpit outperforms Koinly in key areas, making it the best choice for crypto tax reporting. While Koinly lacks full support for major European markets like Germany, Spain, Italy, Switzerland, Austria, the Netherlands, and Belgium, Blockpit ensures 100% compliance by automatically applying the correct tax settings—eliminating the risk of invalid reports.

Blockpit also goes beyond Koinly in tax optimization, helping users reduce their tax burden more effectively. It supports 500,000+ digital assets, including derivatives and commodities, compared to Koinly’s 20,000, making it the more versatile option. With portfolio tracking for up to 15 years and exclusive insights, Blockpit provides a deeper analysis of your investments.

When it comes to customer support, Blockpit excels with live chat, a smart tax bot, a comprehensive help center, and a strong community. Regular webinars and the upcoming Blockpit Academy further enhance user experience.

<div fs-richtext-component="info-box" class="info-box protip"><div class="flex-info-card"><img src="https://assets-global.website-files.com/65098a145ece52db42b9c274/650c6f4b151815fb0be48cec_Lightning.svg" loading="lazy" width="64" height="64" alt="" class="icon-info-box"><div fs-richtext-component="info-box-text" class="info-box-content"><p class="color-neutral-800">For a simple, compliant, and cost-effective crypto tax solution, Blockpit is the smarter alternative to Koinly.</p></div></div></div>