Finding a crypto tax calculator that fits your needs can take some time and effort. Two leading platforms in this space are Blockpit and Koinly, each offering a range of features to track your crypto, calculate crypto taxes and report them to your local tax authorities.
While there are many similarities between these two crypto tax calculators, there are some important differences when it comes to asset support, integrations, pricing structure, and special features.
Read on to learn why crypto investors are making the switch 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>Free portfolio tracking with full functionality</td>
<td>Free portfolio tracking</td>
</tr>
<tr>
<td>Supported Assets</td>
<td>300,000+</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>
<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>60+</td>
<td>60+</td>
</tr>
<tr>
<td>Pre-Filled Tax Forms</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>Derivatives</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>
<tr>
<td>Tax Optimization Features</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>
Blockpit and Koinly are both robust crypto tax calculators, supporting over 60 countries and offering comprehensive PDF tax reports, income overviews, and capital gains tracking. Both platforms provide pre-filled tax forms and detailed explanations for tax authorities in selected countries (see the next section for a detailed list.)
View examples of the Blockpit PDF Reports here: Sample Tax Reports
However, Blockpit stands out with its tax optimization features, which Koinly lacks, making it the better alternative if you’re looking to optimize your crypto tax liabilities.
While Koinly offers a wider range of cost basis methods, including LIFO and HIFO, it should be noted that many tax offices, like the German one, will only accept FIFO.
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>
