Bitwave vs Koinly

Overview

Bitwave Bitwave is an enterprise crypto accounting, payments, and reporting platform that supports Solana alongside Ethereum, Bitcoin, and more. It's designed for businesses and institutions that need to brin... Koinly Koinly is a crypto tax reporting and portfolio management platform that supports Solana wallet imports, SPL token tracking, and DeFi activity categorization. It automatically calculates capital gains,...

Community Ratings

Bitwave is rated higher by the MadeOnSol community with 5.0/5 stars across 1 review, compared to 4.3/5 for Koinly (3 reviews). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Bitwave uses a paid model, while Koinly is freemium.

Key Features

Bitwave offers 5 features including Crypto accounting, payments, and reporting in one platform, Multi-chain support including Solana, Ethereum, and Bitcoin, Handles DeFi protocols, yield-bearing tokens, and vaults, and 2 more. Koinly counters with 5 features including Automatic Solana wallet import and transaction categorization, Capital gains/loss calculation for SOL and SPL tokens, DeFi, staking, and airdrop income tracking, and 2 more. The right choice depends on which specific features matter for your use case — check the individual review pages for full breakdowns.

Reliability & Health

We monitor both tools around the clock for uptime, SSL validity, and response times. Bitwave currently has a healthy health status with 100.0% uptime over the last 30 days. Koinly is rated healthy with 100.0% uptime. For any tool you trust with your funds, trades, or yield, uptime and speed are non-negotiable.

Strengths

Bitwave's key strengths include built for complex institutional crypto accounting, broad multi-chain coverage beyond solana, handles defi and yield-bearing token complexity. Koinly stands out for most comprehensive solana defi tax coverage available, automatic transaction matching reduces manual work, multi-country tax report generation from one platform. On the flip side, Bitwave's weaknesses include oriented to enterprises, not individual users, while Koinly's main drawback is free tier limited to tracking only — reports require paid plan.