Crypto Basics

Koinly Review - Features, Pricing and Top Alternatives

Get the comprehensive review of Koinly, including its features, pricing, and support. Also explore its top alternatives in the cryptocurrency space.
Marcus K
7 Minutes
MIN

Cryptocurrencies have come a long way since the inception of Bitcoin in 2009. As the industry has evolved, so have the tools that support investors, traders, and tax professionals. 

Koinly is one such tool that has gained significant traction over the years. Let's delve into an in-depth review of Koinly in 2023.

What is Koinly?

Koinly is a cryptocurrency tax software and portfolio tracking tool that aids users in managing their crypto transactions, calculating tax liabilities, and ensuring tax compliance in various jurisdictions. Founded in 2018, Koinly has continuously enhanced its features to keep up with the ever-changing crypto landscape.

Key Features of Koinly

Comprehensive Transaction Tracking

  • Wallet Integration: Koinly supports over 300 exchanges and wallets. Users can link their accounts for automated transaction tracking.
  • Manual Input: For those who prefer a hands-on approach or use unsupported platforms, Koinly allows manual entry of transactions.

Global Tax Compliance

  • Jurisdiction-Specific Reports: Koinly provides tax reports tailored to specific countries, ensuring users remain compliant with regional laws.
  • Capital Gains Reports: Koinly tracks the cost basis of crypto holdings, helping users calculate capital gains or losses for each sale or transfer.

Advanced Analytics

  • Portfolio Overview: Get a birds-eye view of your crypto holdings, including asset distribution, realized and unrealized gains, and overall performance.
  • Profit/Loss Analysis: Understand which trades were the most profitable and which ones incurred losses.

How to Open an Account with Koinly?

Creating an account on Koinly platform is a straightforward process. Here's a step-by-step guide to getting started:

1. Visit the Website: Head over to Koinly's official website using your preferred browser.

2. Initiate Sign-Up: Spot the "Sign Up" button, usually prominently displayed on the homepage. Clicking this will start your registration process.

3. Enter Basic Information: A registration form will appear. Input your email address and select a strong, unique password for security.

4. Email Verification: After registration, Koinly will send a verification email to the address provided. Open this email and click on the confirmation link to validate your email address.

5. Platform Introduction: Once back on Koinly, a setup wizard will greet you. This tool is designed to simplify the process, guiding you through the initial stages of account configuration.

6. Connect Wallets & Exchanges: The wizard will prompt you to link your cryptocurrency wallets and exchanges. This is crucial as Koinly uses this data to track and analyze your transactions. Follow the on-screen instructions, granting any necessary permissions for data synchronization.

7. Review & Finalize: Once all connections are set, review the provided data for accuracy. Make any necessary tweaks or corrections.

8. Dive In: With your account now fully set up, explore Koinly's features, from portfolio tracking to tax reporting, to make the most of your crypto investments.

Koinly Price Plans

Koinly offers a tiered pricing model to cater to the needs of different users, ranging from hobbyists to professional traders:

Free Plan - Koinly allows you to access up to 10,000 transactions at no cost, encompassing DeFi, margin trading, and futures.

Newbie Plan: Ideal for users with fewer transactions, this plan offers basic features for a nominal fee of $49.

HODLER Plan: Aimed at active traders, this plan offers more comprehensive reporting and increased transaction limits at $99.

Trader Plan: Best suited for high-frequency traders or those with complex portfolios. It provides priority support and unlimited transactions at $179.

Koinly Price

Koinly Support

In the ever-evolving landscape of cryptocurrency, having reliable support is crucial. Koinly stands out in this regard. Offering a dedicated help center packed with informative articles, users can easily find answers to common queries. 

Additionally, for more complex issues or personalized assistance, their responsive customer service team can be reached via email or chat. User feedback often highlights the timely and knowledgeable assistance they receive, which is testament to Koinly's commitment to ensuring a seamless experience for its community.

Pros and Cons of Koinly

Pros:

  • Intuitive Interface: Koinly's dashboard is user-friendly, allowing even crypto newcomers to navigate with ease.
  • Extensive Support: With 300+ integrations, most users will find their platform supported.
  • Regular Updates: Koinly keeps its software updated with the latest tax regulations, ensuring compliance.

Cons:

  • Price: Some users might find Koinly's higher-tier plans pricey, especially when compared to some alternatives.
  • Mobile Experience: While functional, the mobile experience could be more streamlined.

Is Koinly Right for You?

Koinly might be the ideal solution if you're searching for a comprehensive tool that simplifies both cryptocurrency tax calculations and portfolio management. Its broad range of integrations—covering over 300 exchanges and wallets—makes it incredibly versatile. 

This means whether you're a casual investor or a seasoned trader, Koinly's user-friendly interface and jurisdiction-specific tax reports can streamline your crypto experience. 

However, it's essential to consider your volume of transactions and budget, as Koinly's premium features come with a cost. By evaluating your specific needs and comparing them with what Koinly offers, you can determine if it's the right fit for your crypto journey.

Top Alternatives to Koinly

1. CoinTracker - CoinTracker has emerged as a favorite among many crypto enthusiasts. Its simple interface and competitive pricing make it an attractive option.

Key Features:

  • Wallet and Exchange Integration
  • Tax Loss Harvesting Tools
  • Support for DeFi and NFT transactions

2. CoinLedger - CoinLedger is a newer entrant but has quickly garnered attention for its robust capabilities and innovative features.

Key Features:

  • Multi-platform synchronization
  • Detailed capital gains analysis
  • Real-time portfolio tracking

3. ZenLedger - ZenLedger stands out for its all-rounded features, making crypto tax calculations and portfolio management a breeze.

Key Features:

  • Broad exchange and wallet support
  • Advanced tax optimization strategies
  • Integration with major tax software platforms

Frequently Asked Questions

Q1. What currencies does Koinly support for tax reporting?

Koinly provides tax reporting features for a wide range of fiat currencies, ensuring you can get tax documents tailored to your country's official currency.

Q2. How does Koinly ensure the safety and security of my data?

Koinly uses advanced encryption methods to protect user data. Additionally, they adhere to strict privacy guidelines, ensuring your personal and transaction data remains confidential.

Q3. Does Koinly support staking and farming transactions?

Yes, Koinly recognizes and accurately categorizes income from staking, farming, and other crypto reward mechanisms, making it easier to report for tax purposes.

Q4. Can I import historical data from previous years into Koinly?

Absolutely! Koinly allows users to import past transaction data, ensuring comprehensive tax reports that encompass all historical trades and transfers.

Q5. How often is Koinly updated to reflect the latest tax regulations?

Koinly's team continuously monitors global tax changes, updating their platform as needed to ensure users always have access to compliant and up-to-date tax reports.

Q6. Can I collaborate with my tax professional using Koinly?

Yes, Koinly offers features that allow seamless collaboration with tax professionals, ensuring they have the necessary data to assist with your crypto tax needs.

Q7. Is there a mobile app for Koinly?

While Koinly is primarily web-based, they do offer a mobile version, allowing users to track and manage their crypto portfolio on the go.

Q8. How does Koinly handle lost or stolen cryptocurrency?

Koinly provides features to tag and report lost or stolen cryptocurrency, ensuring accurate reflection of such events in your tax calculations.

Conclusion

Koinly stands out as a comprehensive crypto tax and portfolio management tool, ensuring users stay compliant while understanding their portfolio's performance. 

While it's among the industry's top players, there are alternatives like CoinTracker, CoinLedger, and ZenLedger that offer varying features catering to different needs.

Before choosing a platform, it's crucial to assess your specific requirements, transaction volume, and desired integrations. 

Remember, the world of cryptocurrency is ever-evolving. Ensuring you have the right tools, like Koinly, can make navigating this space much more manageable.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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What You’ll Build in 2 Minutes

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Discovery that converts. Users want more than price tickers, they want a curated, explainable list of high-potential tokens. The Moonshots API encapsulates multiple signals into a short list designed for exploration, alerts, and watchlists you can monetize.

Built for builders. The endpoint returns a consistent schema with grade, signal, and context so you can immediately sort, badge, and trigger workflows. With predictable latency and clear filters, you can scale to dashboards, mobile apps, and headless bots without reinventing the discovery pipeline.

Where to Find The Moonshots API

The cURL request for the Moonshots endpoint is displayed in the top right of the API Reference. Grab it and start tapping into the potential!

How It Works (Under the Hood)

The Moonshots endpoint aggregates a set of evidence—often combining TM Grade, signal state, and momentum/volume context—into a shortlist of breakout candidates. Each row includes a symbol, grade, signal, and timestamp, plus optional reason tags for transparency.

For UX, a common pattern is: headline list → token detail where you render TM Grade (quality), Trading Signals (timing), Support/Resistance (risk placement), Quantmetrics (risk-adjusted performance), and Price Prediction scenarios. This enables users to understand why a token was flagged and how to act with risk controls.

Polling vs webhooks. Dashboards typically poll with short-TTL caching. Alerting flows use scheduled jobs or webhooks to smooth traffic and avoid duplicates. Always make notifications idempotent.

Production Checklist

Use Cases & Patterns

Next Steps

FAQs

1) What does the Moonshots API return?

A list of breakout candidates with fields such as symbol, tm_grade, signal (often Bullish/Bearish), optional reason tags, and updated_at. Use it to drive discover tabs, alerts, and watchlists.

2) How fresh is the list? What about latency/SLOs?

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3) How do I use Moonshots in a trading workflow?

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No. Any historical results are illustrative and not guarantees of future performance. Markets are risky; use risk management and testing.

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Next Endpoints to add

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Where to Find

Need the Support and Resistance data? The cURL request for it is in the top right of the API Reference for quick access.

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How It Works (Under the Hood)

The Support/Resistance endpoint analyzes recent price structure to produce discrete levels above and below current price, along with strength indicators you can use for priority and styling. Query /v2/resistance-support?symbol=<ASSET>&timeframe=<HORIZON> to receive arrays of level objects and timestamps.

Polling vs webhooks. For dashboards, short-TTL caching and batched fetches keep pages snappy. For bots and alerts, use queued jobs or webhooks (where applicable) to avoid noisy, bursty polling—especially around market opens and major events.

Production Checklist

  • Rate limits: Respect plan caps; add client-side throttling.
  • Retries/backoff: Exponential backoff with jitter for 429/5xx; log failures.
  • Idempotency: Make alerting and order logic idempotent to prevent duplicates.
  • Caching: Memory/Redis/KV with short TTLs; pre-warm top symbols.
  • Batching: Fetch multiple assets per cycle; parallelize within rate limits.
  • Threshold logic: Add %-of-price buffers (e.g., alert at 0.3–0.5% from level).
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Use Cases & Patterns

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Next Steps

  • Get API Key — generate a key and start free.
  • Run Hello-TM — verify your first successful call.
  • Clone a Template — deploy a levels panel or alerts bot today.
  • Watch the demo: Compare plans: Scale confidently with API plans.

FAQs

1) What does the Support & Resistance API return?

A JSON payload with arrays of support and resistance levels for a symbol (and optional timeframe), each with a price and strength indicator, plus an update timestamp.

2) How timely are the levels? What are the latency/SLOs?

The endpoint targets predictable latency suitable for dashboards and alerts. Use short-TTL caching for UIs, and queued jobs or webhooks for alerting to smooth traffic.

3) How do I trigger alerts or trades from levels?

Common patterns: alert when price is within X% of a level, touches a level, or breaks beyond with confirmation. Always make downstream actions idempotent and respect rate limits.

4) Can I combine levels with other endpoints?

Yes—pair with /v2/trading-signals for timing, /v2/tm-grade for quality context, and /v2/quantmetrics for risk sizing. This yields a complete decide-plan-execute loop.

5) Which timeframe should I use?

Intraday bots prefer shorter horizons; swing/position dashboards use daily or higher-timeframe levels. Offer a timeframe toggle and cache results per setting.

6) Do you provide SDKs or examples?

Use the REST snippets above (JS/Python). The docs include quickstarts, Postman collections, and templates—start with Run Hello-TM.

7) Pricing, limits, and enterprise SLAs?

Begin free and scale as you grow. See API plans for rate limits and enterprise SLA options.

Disclaimer

This content is for educational purposes only and does not constitute financial advice. Always conduct your own research before making any trading decisions.

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Next Endpoints to Add

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Why This Matters

Risk-adjusted truth beats hype. Price alone hides tail risk and whipsaws. Quantmetrics compresses edge, risk, and consistency into metrics that travel across assets and timeframes—so you can rank universes, size positions, and communicate performance like a professional.

Built for dev speed

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Where to Find

The Quant Metrics cURL request is located in the top right of the API Reference, allowing you to easily integrate it with your application.

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  • CAGR / performance snapshot: geometric growth rate and best/worst periods.

Call /v2/quantmetrics?symbol=<ASSET>&window=<LOOKBACK> to fetch the current snapshot. For dashboards spanning many tokens, batch symbols and apply short-TTL caching. If you generate alerts (e.g., “Sharpe crossed 1.5”), run a scheduled job and queue notifications to avoid bursty polling.

Production Checklist

  • Rate limits: Understand your tier caps; add client-side throttling and queues.
  • Retries & backoff: Exponential backoff with jitter; treat 429/5xx as transient.
  • Idempotency: Prevent duplicate downstream actions on retried jobs.
  • Caching: Memory/Redis/KV with short TTLs; pre-warm popular symbols and windows.
  • Batching: Fetch multiple symbols per cycle; parallelize carefully within limits.
  • Error catalog: Map 4xx/5xx to clear remediation; log request IDs for tracing.
  • Observability: Track p95/p99 latency and error rates; alert on drift.
  • Security: Store API keys in secrets managers; rotate regularly.

Use Cases & Patterns

  • Bot Builder (Headless): Gate entries by Sharpe ≥ threshold and drawdown ≤ limit, then trigger with /v2/trading-signals; size by inverse volatility.
  • Dashboard Builder (Product): Add a Quantmetrics panel to token pages; allow switching lookbacks (30d/90d/1y) and export CSV.
  • Screener Maker (Lightweight Tools): Top-N by Sortino with filters for volatility and sector; add alert toggles when thresholds cross.
  • Allocator/PM Tools: Blend CAGR, Sharpe, drawdown into a composite score to rank reallocations; show methodology for trust.
  • Research/Reporting: Weekly digest of tokens with Sharpe ↑, drawdown ↓, and volatility ↓.

Next Steps

  • Get API Key — start free and generate a key in seconds.
  • Run Hello-TM — verify your first successful call.
  • Clone a Template — deploy a screener or dashboard today.
  • Watch the demo: VIDEO_URL_HERE
  • Compare plans: Scale with API plans.

FAQs

1) What does the Quantmetrics API return?

A JSON snapshot of risk-adjusted metrics (e.g., Sharpe, Sortino, volatility, max drawdown, CAGR) for a symbol and lookback window—ideal for ranking, sizing, and dashboards.

2) How fresh are the stats? What about latency/SLOs?

Responses are engineered for predictable latency. For heavy UI usage, add short-TTL caching and batch requests; for alerts, use scheduled jobs or webhooks where available.

3) Can I use Quantmetrics to size positions in a live bot?

Yes—many quants size inversely to volatility or require Sharpe ≥ X to trade. Always backtest and paper-trade before going live; past results are illustrative, not guarantees.

4) Which lookback window should I choose?

Short windows (30–90d) adapt faster but are noisier; longer windows (6–12m) are steadier but slower to react. Offer users a toggle and cache each window.

5) Do you provide SDKs or examples?

REST is straightforward (JS/Python above). Docs include quickstarts, Postman collections, and templates—start with Run Hello-TM.

6) Polling vs webhooks for quant alerts?

Dashboards usually use cached polling. For threshold alerts (e.g., Sharpe crosses 1.0), run scheduled jobs and queue notifications to keep usage smooth and idempotent.

7) Pricing, limits, and enterprise SLAs?

Begin free and scale up. See API plans for rate limits and enterprise SLA options.

Disclaimer

All information provided in this blog is for educational purposes only. It is not intended as financial advice. Users should perform their own research and consult with licensed professionals before making any investment or trading decisions.

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