CoinStats Review
Verdict
A powerful real-time portfolio & DeFi tracker that adds tax reporting through partners (CoinLedger and Summ) rather than a native engine.
Score breakdown
Six pillars, weighted identically for every tool and tilted toward Australian (ATO) fitness.
Pros
- Best-in-class real-time portfolio & DeFi/NFT tracking
- Genuinely generous free tier (20k transactions)
- Cheap flat monthly subscription
- Alerts, AI research and in-app swap
Cons
- No native tax engine — ATO reports rely on a partner tool
- AU/ATO compliance not guaranteed natively
- Weak accountant features; non-AU support
Details
| Origin | Global · CoinStats (Armenia) |
|---|---|
| Free tier | Generous free tier — 10 portfolios, 20,000 transactions, tracking & alerts |
| Cheapest paid | A$21/mo |
| Top plan | A$30/mo |
| Pricing model | Monthly portfolio subscription; tax reports billed separately via partners |
| Integrations | 300+ exchanges & wallets, strong on-chain/DeFi coverage |
| AU exchanges | Broad wallet/chain coverage; AU exchange connectors via CSV |
| ATO myTax report | No |
| CGT 50% discount | No |
| Personal-use asset | no |
| SMSF support | no |
| DeFi / NFT | advanced |
| Accountants | Minimal (tax handled by partner tools) |
| Support | Chat/email; VIP on higher tiers (Armenia-based) |
CoinStats — frequently asked questions
Does CoinStats work for Australian crypto tax?
CoinStats does not generate a native ATO report (its tax reporting relies on partner tools), so weigh that if the ATO report is your main need. It is a global tool used by many Australians.
How much does CoinStats cost? Is there a free tier?
CoinStats has a free tier — generous free tier — 10 portfolios, 20,000 transactions, tracking & alerts. Paid plans run from about A$21/mo up to around A$30/mo (monthly portfolio subscription; tax reports billed separately via partners).
Does CoinStats support Australian exchanges?
Yes — Broad wallet/chain coverage; AU exchange connectors via CSV. In total it offers 300+ exchanges & wallets, strong on-chain/defi coverage, via both API and CSV import.
Is CoinStats accurate?
CoinStats's figures are only as good as the data you feed it — accuracy depends on importing every wallet and exchange so transfers aren't mistaken for sales. It has advanced DeFi and NFT handling. For complex situations, have a registered tax agent review the report.
Do I actually need crypto tax software?
It isn't legally required, but the ATO receives transaction data directly from Australian exchanges, so your activity is visible to them. If you use more than one exchange or wallet, or have many transactions, a tool like CoinStats saves hours and reduces errors. A handful of simple trades can be worked out by hand.
General information only — not financial or tax advice. Pricing and features change; confirm current plans with the provider. Consider a registered tax agent for your circumstances.