Koinly Crypto Tax Software Review 2025
As cryptocurrency adoption grows in Australia, so do the complexities of tax compliance. Koinly has emerged as one of the most trusted crypto tax reporting tools worldwide, offering an easy way to track, calculate, and file taxes for digital assets. In this review, we’ll explore Koinly’s features, pricing, benefits, and potential drawbacks for Australian investors in 2025.
1. What Is Koinly?
Koinly is a web-based and mobile-friendly application designed to simplify crypto tax reporting. It integrates with over 700 exchanges, wallets, and blockchains to automatically import transaction data, calculate gains/losses, and generate tax reports that comply with Australian Tax Office (ATO) standards.
2. Key Features for Australian Users
- ATO-Compliant Reports – Automatically formats reports for Australian tax filing.
- Exchange & Wallet Integrations – Supports Binance, Swyftx, BTC Markets, and more.
- DeFi & NFT Support – Tracks yield farming, staking, and NFT sales.
- Multi-Year Tracking – Import past years’ transactions for historical reporting.
- Real-Time Capital Gains – Monitor your current tax position before selling.
3. Pricing in 2025
Koinly offers a free plan for basic transaction tracking, but tax report generation requires a paid plan:
- Free Plan – Unlimited wallets and exchanges, view gains/losses (no tax reports).
- Paid Plans – Start at $49 AUD per tax year, based on transaction volume.
- Custom Plans – For high-frequency traders and institutional clients.
4. Pros & Cons
Pros
- ATO-compliant reports
- Automatic syncing with exchanges
- Supports DeFi and NFT transactions
- Clean and intuitive interface
Cons
- Free version doesn’t include tax reports
- Paid plans can be costly for very high transaction counts
- Advanced DeFi transactions may require manual adjustments
5. Alternatives to Koinly
While Koinly is a top choice, other options include CryptoTax, CoinTracking, and TaxBit. However, Koinly’s Australian-specific compliance features make it stand out for local investors.
6. How to Get Started
- Create an account at Koinly.io.
- Connect your wallets and exchanges.
- Review imported transactions for accuracy.
- Generate your ATO-compliant tax report.
FAQ: Koinly for Australian Crypto Investors
Is Koinly legal in Australia?
Yes. Koinly is a legal and widely used crypto tax software that complies with ATO reporting requirements.
Does Koinly support NFTs?
Yes. Koinly can track and report NFT transactions along with other cryptocurrencies.
Is Koinly free?
Koinly has a free plan for basic tracking, but full tax reports require a paid plan starting from $49 AUD.
Conclusion
Koinly’s ease of use, automation, and Australian tax compliance make it one of the best options for crypto investors looking to simplify their reporting. Whether you’re a casual trader or an active investor in DeFi and NFTs, Koinly’s comprehensive features can save you time, stress, and potentially money at tax time.
