Filing crypto taxes is rarely straightforward. Most traders juggle transactions across multiple wallets, exchanges, and blockchains. Factor in DeFi, NFTs, and evolving tax rules, and the process quickly becomes complicated. Manual spreadsheets often lead to mistakes and wasted time.
Crypto tax software simplifies this challenge. Platforms like cryptact and Koinly automate profit and loss calculations, track portfolios, and generate ready-to-file tax reports. They aim to reduce stress, increase accuracy, help in staying tax-compliant, and save hours of manual effort.
Still, these two platforms are not identical. Each has its own approach, unique features, and specific advantages. In this guide, we’ll compare cryptact and Koinly side by side. Read on to find out more.
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About cryptact and Koinly
cryptact and Koinly pull data directly from wallets and exchanges, then turn it into clear profit, loss, and income summaries. What would normally take days in spreadsheets is done automatically in minutes.
Both platforms offer the basics you’d expect from any crypto tax tool: hundreds of wallet and exchange integrations, automated profit and loss calculations, and your tax reports. They also provide portfolio tracking and support for multiple transaction types.
The difference lies in how they fit your trading style and reporting needs.
So, let’s break down their features.
cryptact vs Koinly: Feature-by-Feature Comparison
Both cryptact and Koinly are among the best crypto tax software 2025. Below, we break down their strengths across key features so you can see where each tool stands out.
First, let’s have a quick comparison:
Now, let’s compare cryptact and Koinly in detail.
1. Tax Simulation Engine
cryptact includes an Investment Simulator that lets you manually enter hypothetical transactions or disposal dates to run “what-if” scenarios. It helps you see how different choices could affect profits, losses, and reporting before you actually make a move. It’s a capability that sets cryptact apart in lists of the best crypto tax software 2025.
Koinly offers tax-loss harvesting and real-time previews of gains and losses. You can check the impact of disposals before finalizing trades. While it does not exactly simulate future trades, it gives strong year-round visibility into tax position.
2. DeFi and NFT Handling
cryptact auto-detects DeFi and NFT activity from wallet addresses. It classifies swaps, staking, liquidity adds, and NFT trades with minimal input. You can apply custom tags and edit transaction contexts for better categorization. This flexibility ensures accurate reporting of complex activity.
Koinly also supports staking, liquidity, lending, and NFT trading. Its smart transfer matching ensures tokens moved between wallets are not misclassified. DeFi coverage is strong, but NFT tracking is more dependent on supported chains and marketplaces. This often makes the debate on cryptact vs Koinly for DeFi and NFT tax more about flexibility versus coverage.
3. Audit Logs and Accuracy
Many traders ask, is cryptact more accurate than Koinly?
cryptact maintains minute-level updates for every transaction. It generates downloadable audit logs and detailed calculation reports. So, you can trace profits and losses step by step. This provides accountants with transparent, audit-ready records.
Koinly focuses on clarity and transparency. Users can drill down into every transaction, see the cost basis, and reconcile discrepancies. Accuracy is high, though extremely complex DeFi transactions may require manual review.
4. Data Flexibility
cryptact supports APIs, CSV imports, and custom file formats. Users can edit the cost basis, adjust tags, or correct transactions. It makes the platform suitable even for high-frequency traders and professionals. Flexibility becomes a clear advantage in cryptact vs other tax tools comparisons.
A common question is, does Koinly handle all blockchains? On a high level, Koinly supports over 800 exchanges, blockchains, and wallets. It automatically syncs with most major services and offers manual CSV uploads for unsupported platforms. Transaction limits depend on your plan and the tier you’re at.
5. Pricing Transparency
cryptact’s free plan includes all core features. These include live portfolio view, DeFi and NFT support, custom transactions, unlimited exchanges, and 25,000+ cryptocurrencies. Paid plans add higher limits, advanced reporting, and email support. Pricing is simple and volume-based, with no hidden tiers or forced upgrades.
Koinly lets you import unlimited wallets and transactions for free, with access to portfolio tracking, capital gains previews, and DeFi/NFT support. Tax reports, audit-ready exports, and custom file imports are available under paid plans. Pricing for paid plans scales with transaction volume. So, high-frequency traders may pay more in order to get access to all features, but costs are predictable and tier-based.
If you compare pricing of cryptact and Koinly, cryptact’s paid plans start at $45, while Koinly begins at $49 per tax year,
6. Ease of Use and Onboarding
cryptact includes an integrated assistant that guides users step by step. It reduces the learning curve, especially for those new to crypto tax filing.
Koinly has a clean, intuitive dashboard and allows free previews before purchase. The onboarding process is fast, with clear instructions for connecting wallets and exchanges.
cryptact vs Koinly: The Verdict
Traders often ask, do I need both cryptact and Koinly? The answer is no, one tool is enough. The real choice comes down to what matters most: speed, integrations, or long-term flexibility.
In the cryptact vs Koinly debate, Koinly stands out for quick setup and wide integrations. It’s beginner-friendly, but its tiered pricing and limited free plan can become restrictive as your trading grows.
cryptact, on the other hand, delivers accuracy, flexibility, and scale without locking features behind paid tiers. Even the free plan includes all core tools, and costs rise only with transaction volume. As a strong Koinly alternative, cryptact appeals to both beginners and professionals who want reliable, audit-ready reporting.
With tax simulations, audit logs, and support for high transaction volumes, cryptact is built to grow with you. That makes it the more future-proof option for traders, accountants, and anyone who needs clarity across portfolios. The easiest way to choose is to test it yourself. Try cryptact for free and see the difference.
Conclusion
cryptact vs Koinly is a common debate among crypto traders. The choice often comes down to speed versus depth.
When you compare cryptact and Koinly, the former delivers full features even on the free plan and scales as you need, while the latter is quick and beginner-friendly. If you’re already on Koinly and wondering, can I import Koinly data to cryptact?
The answer is yes. Check out our guide here.
In the end, for accuracy, flexibility, and fair pricing, cryptact is the stronger long-term choice. Learn more about cryptact by visiting the website.