Koinly Review
Verdict
The broad, polished all-rounder with the widest global integration coverage — the default if you use many exchanges.
Score breakdown
Six pillars, weighted identically for every tool and tilted toward Australian (ATO) fitness.
Pros
- Largest integration catalogue
- Generous free tier (track up to 10k txns)
- Polished, easy interface
- ATO myTax-ready reports
Cons
- Not Australian — global support, less AU-specialised
- Weaker on AU edge cases (personal-use, SMSF)
- Cheapest paid plan starts higher (A$69)
Details
| Origin | Global · Koinly (United Kingdom) |
|---|---|
| Free tier | Track up to 10,000 txns & preview gains; no report download |
| Cheapest paid | A$69/yr |
| Top plan | A$399/yr |
| Pricing model | Priced per tax year |
| Integrations | 800+ integrations — 500+ exchanges, 100+ wallets, 170+ chains, 7,200+ DeFi protocols |
| AU exchanges | CoinSpot, Swyftx, Independent Reserve, BTC Markets all supported |
| ATO myTax report | Yes |
| CGT 50% discount | Yes |
| Personal-use asset | partial |
| SMSF support | unknown |
| DeFi / NFT | good |
| Accountants | Accountant portal & sharing |
| Support | Global email + live chat |
Koinly — frequently asked questions
Does Koinly work for Australian crypto tax?
Koinly produces an ATO myTax-ready report and applies Australian rules such as the 50% CGT discount. It is a global tool used by many Australians.
How much does Koinly cost? Is there a free tier?
Koinly has a free tier — track up to 10,000 txns & preview gains; no report download. Paid plans run from about A$69/yr up to around A$399/yr (priced per tax year).
Does Koinly support Australian exchanges?
Yes — CoinSpot, Swyftx, Independent Reserve, BTC Markets all supported. In total it offers 800+ integrations — 500+ exchanges, 100+ wallets, 170+ chains, 7,200+ defi protocols, via both API and CSV import.
Is Koinly accurate?
Koinly'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 handles DeFi and NFTs well. 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 Koinly 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.