Unhappy with Koinly? There are plenty of reasons to switch. Blockpit offers easy and fully compliant tax reporting, intuitive features, and smarter tax optimization—discover why it’s the best Koinly alternative for crypto investors.
Unhappy with Koinly? There are plenty of reasons to switch. Blockpit offers easy and fully compliant tax reporting, intuitive features, and smarter tax optimization—discover why it’s the best Koinly alternative for crypto investors.
Choosing the right crypto tax tool can be tricky. Blockpit and Koinly are top options, but key differences in compliance, integrations, pricing, and tax optimization set them apart. See why more crypto investors are switching from Koinly to Blockpit!
<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>Portfolio tracking and import with full functionality</td>
<td>Just portfolio tracking</td>
</tr>
<tr>
<td>Supported Assets</td>
<td>500,000+</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>
<figure class="block-table">
<table border="1">
<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>100+</td>
<td>100+</td>
</tr>
<tr>
<td>Pre-Filled Tax Forms</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Accurate Country-Specific Tax Settings</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>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>
</table>
</figure>
Both Blockpit and Koinly are top crypto tax calculators, supporting 100+ countries with PDF tax reports, income tracking, capital gains calculations and additional explanations for tax authorities at the end of the report.
View examples of the Blockpit Tax Reports here: Sample Tax Reports
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</svg>
</div><div class="label"><span class="text_bold text-color-blue">Watch Out</span></div></div><div class="label">While Koinly offers multiple cost basis methods like LIFO and HIFO, many tax offices only accept FIFO. Only Blockpit ensures 100% compliance by automatically applying the correct tax settings, so you can’t choose an invalid method that could invalidate your report.</div></div>
<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>
<div class="card_body_small infobox margin-bottom_medium margin-top_small"><div class="flex_horizontal-copy gap-xxsmall margin-bottom_xxsmall"><div class="icon_small is-infobox w-embed"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none">
<path fill-rule="evenodd" clip-rule="evenodd" d="M2.25 12C2.25 6.61522 6.61522 2.25 12 2.25C17.3848 2.25 21.75 6.61522 21.75 12C21.75 17.3848 17.3848 21.75 12 21.75C6.61522 21.75 2.25 17.3848 2.25 12ZM10.9562 10.5584C12.1025 9.98533 13.3931 11.0206 13.0823 12.2639L12.3733 15.0999L12.4148 15.0792C12.7852 14.894 13.2357 15.0441 13.421 15.4146C13.6062 15.7851 13.4561 16.2356 13.0856 16.4208L13.0441 16.4416C11.8979 17.0147 10.6072 15.9794 10.9181 14.7361L11.6271 11.9001L11.5856 11.9208C11.2151 12.1061 10.7646 11.9559 10.5793 11.5854C10.3941 11.2149 10.5443 10.7644 10.9148 10.5792L10.9562 10.5584ZM12 9C12.4142 9 12.75 8.66421 12.75 8.25C12.75 7.83579 12.4142 7.5 12 7.5C11.5858 7.5 11.25 7.83579 11.25 8.25C11.25 8.66421 11.5858 9 12 9Z" fill="#1A73E8"></path>
</svg></div><div class="label"><span class="text_bold text-color-blue">Local Tax Reports: Where Koinly Falls Short in Europe</span></div></div><div class="label">Both Blockpit and Koinly offer local tax reports with pre-filled, ready-to-file forms to ensure compliance with national regulations. However, Koinly falls short in key European markets, lacking full support for countries like Germany, Spain, Italy, Switzerland, Austria, the Netherlands, and Belgium.</div></div>
Both tools help reduce your taxes, but Blockpit goes further. With its advanced Crypto Tax Optimizer and Sales Simulator, users save an average of $2,395 through tax-loss harvesting. Watch the video to see why Blockpit is the smarter choice!
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Free Portfolio Tracking</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Historical Price Data</td>
<td>15 years</td>
<td>9 years</td>
</tr>
<tr>
<td>Portfolio Insights</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>NFT Gallery</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
Both Blockpit and Koinly offer free crypto portfolio tracking, including NFT galleries for your collectibles. However, Blockpit stands out with 15 years of historical price data (vs. Koinly’s 9), giving you a more complete view of long-term performance.
Blockpit also offers exclusive portfolio insights that Koinly lacks, helping investors make smarter decisions. These include a holdings allocation chart with hover effects (showing up to 8 assets) and a summarized breakdown of your key crypto activities—like staking earnings over the past year—at a glance.
<figure class="block-table">
<table border="1">
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Exchange Integrations</td>
<td>160+</td>
<td>400+</td>
</tr>
<tr>
<td>Blockchain / Wallet Integrations</td>
<td>260+</td>
<td>250+</td>
</tr>
<tr>
<td>DeFi Protocol Integrations</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Daily Auto-Sync</td>
<td>✅ (with Pro license and above)</td>
<td>✅ (with additional cost)</td>
</tr>
<tr>
<td>CSV Upload</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
Automatic integrations are key in crypto tax tools, saving time and reducing errors. Both Blockpit and Koinly support a wide range of exchanges, wallets, and blockchains. While Koinly boasts 400+ integrations, Blockpit focuses on quality, ensuring the most accurate and reliable data imports.
<div class="card_body_small infobox highlight margin-bottom_medium margin-top_small"><div class="flex_horizontal gap-xxsmall margin-bottom_xxsmall"><div class="icon_small is-infobox w-embed"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none">
<path fill-rule="evenodd" clip-rule="evenodd" d="M5.84399 20.154H12.824C16.23 20.154 18.1558 18.2545 18.1558 15.2104C18.1558 13.4082 17.2374 11.8984 15.5584 11.2895C16.6858 10.7294 17.5732 9.48742 17.5732 7.6853C17.5732 5.12823 15.6544 3.10693 12.4882 3.10693H9.32261V6.22412H11.7686C13.0399 6.22412 13.8794 6.906 13.8794 8.07494C13.8794 9.29259 13.0399 10.0232 11.7686 10.0232H9.32261V6.22412H5.84399V20.154ZM9.32199 12.8481V16.9638H12.1284C13.4716 16.9638 14.4311 16.2088 14.4311 14.8938C14.4311 13.6274 13.5676 12.8481 12.1284 12.8481H9.32199Z" fill="#06b6d4"></path>
</svg></div><div class="label"><span class="text_bold text-color-blue">Quality Over Quantity</span></div></div><div class="label">We may support fewer exchanges, but likely the ones you need. Check our integrations list: Blockpit Integrations</div></div>
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Supported Digital Assets</td>
<td>500,000+</td>
<td>20,000+</td>
</tr>
<tr>
<td>LP Token</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Derivatives</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Commodities</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>NFTs</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>FIAT (Euro, Dollar)</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Spam Token Filter</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
Blockpit supports over 500,000 digital assets, far surpassing Koinly’s 20,000+. If it has a ticker, we likely support it. Both platforms cover LP tokens, NFTs, and FIAT, but Blockpit also includes derivatives and commodities. With spam token filtering and broader asset coverage, Blockpit is the smarter choice.
<figure class="block-table">
<table>
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>DeFi </td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Staking</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Lending / Borrowing</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Add / Remove Liquidity</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Futures & Margin Trading</td>
<td>✅</td>
<td>✅</td>
</tr>
</table>
</figure>
The rise of crypto brought in the era of decentralized finance and with it came many new and revamped financial products, services and applications. Most crypto tax calculators offer a basic support for these types of transactions, and Blockpit and Koinly are no exception.
Blockpit supports a wide range of DeFi activities, including staking, lending, borrowing, and liquidity management. It also handles futures and margin trading, ensuring widespread coverage of all trading activities. Koinly offers similar features but lacks some advanced functionalities, making Blockpit a more robust alternative to Koinly.
<figure class="block-table">
<table border="1">
<tr>
<th></th>
<th>Blockpit</th>
<th>Koinly</th>
</tr>
<tr>
<td>Live Chat</td>
<td>✅ Smart AI Tax Bot</td>
<td>⛔ Generic Chat Bot</td>
</tr>
<tr>
<td>Crypto Tax Guides</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Email</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Community</td>
<td>✅</td>
<td>⛔</td>
</tr>
<tr>
<td>Help Center</td>
<td>✅</td>
<td>✅</td>
</tr>
<tr>
<td>Webinars</td>
<td>✅</td>
<td>⛔</td>
</tr>
</table>
</figure>
Crypto taxes can be overwhelming, especially with evolving regulations and edge cases. Koinly's support is limited to email and a basic chatbot, lacking live chat or community engagement. While they offer tax guides for various countries, they often lack in-depth local details.
Blockpit provides a superior support system, including a smart tax bot trained on crypto tax laws, detailed email assistance, and a comprehensive help center. Beyond support, Blockpit fosters a strong user community of crypto investors and tax experts, hosting regular webinars to address questions and share insights.
<div class="card_body_small infobox highlight margin-bottom_medium margin-top_small"><div class="flex_horizontal gap-xxsmall margin-bottom_xxsmall"><div class="icon_small is-infobox w-embed"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none">
<path fill-rule="evenodd" clip-rule="evenodd" d="M5.84399 20.154H12.824C16.23 20.154 18.1558 18.2545 18.1558 15.2104C18.1558 13.4082 17.2374 11.8984 15.5584 11.2895C16.6858 10.7294 17.5732 9.48742 17.5732 7.6853C17.5732 5.12823 15.6544 3.10693 12.4882 3.10693H9.32261V6.22412H11.7686C13.0399 6.22412 13.8794 6.906 13.8794 8.07494C13.8794 9.29259 13.0399 10.0232 11.7686 10.0232H9.32261V6.22412H5.84399V20.154ZM9.32199 12.8481V16.9638H12.1284C13.4716 16.9638 14.4311 16.2088 14.4311 14.8938C14.4311 13.6274 13.5676 12.8481 12.1284 12.8481H9.32199Z" fill="#06b6d4"></path>
</svg></div><div class="label"><span class="text_bold text-color-blue">Support That Makes Crypto Taxes Easier</span></div></div><div class="label">Blockpit’s live chat, community support, and webinars make crypto taxes easier, offering a more user-friendly experience than Koinly.</div></div>
Blockpit outperforms Koinly in key areas, making it the best choice for crypto tax reporting. While Koinly lacks full support for major European markets like Germany, Spain, Italy, Switzerland, Austria, the Netherlands, and Belgium, Blockpit ensures 100% compliance by automatically applying the correct tax settings—eliminating the risk of invalid reports.
Blockpit also goes beyond Koinly in tax optimization, helping users reduce their tax burden more effectively. It supports 500,000+ digital assets, including derivatives and commodities, compared to Koinly’s 20,000, making it the more versatile option. With portfolio tracking for up to 15 years and exclusive insights, Blockpit provides a deeper analysis of your investments.
When it comes to customer support, Blockpit excels with live chat, a smart tax bot, a comprehensive help center, and a strong community. Regular webinars further enhance user experience.
<div class="card_body_small infobox highlight margin-bottom_medium margin-top_small"><div class="flex_horizontal gap-xxsmall margin-bottom_xxsmall"><div class="icon_small is-infobox w-embed"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none">
<path fill-rule="evenodd" clip-rule="evenodd" d="M5.84399 20.154H12.824C16.23 20.154 18.1558 18.2545 18.1558 15.2104C18.1558 13.4082 17.2374 11.8984 15.5584 11.2895C16.6858 10.7294 17.5732 9.48742 17.5732 7.6853C17.5732 5.12823 15.6544 3.10693 12.4882 3.10693H9.32261V6.22412H11.7686C13.0399 6.22412 13.8794 6.906 13.8794 8.07494C13.8794 9.29259 13.0399 10.0232 11.7686 10.0232H9.32261V6.22412H5.84399V20.154ZM9.32199 12.8481V16.9638H12.1284C13.4716 16.9638 14.4311 16.2088 14.4311 14.8938C14.4311 13.6274 13.5676 12.8481 12.1284 12.8481H9.32199Z" fill="#06b6d4"></path>
</svg></div><div class="label"><span class="text_bold text-color-blue">Why Blockpit Is the Better Choice</span></div></div><div class="label">For a simple, compliant, and cost-effective crypto tax solution, Blockpit is the smarter alternative to Koinly.</div></div>