Bybit vs Koinly

Overview

Bybit Bybit is one of the world's largest cryptocurrency exchanges by trading volume, offering spot, futures, and options trading for SOL and hundreds of Solana ecosystem tokens. The platform features an in... 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

Bybit is rated higher by the MadeOnSol community with 5.0/5 stars across 2 reviews, compared to 4.0/5 for Koinly (1 review). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Bybit uses a free model, while Koinly is freemium. Bybit has the edge for users who want a no-cost solution, though Koinly's paid features may justify the investment for power users.

Key Features

Bybit offers 6 features including SOL spot, futures, and options trading, Copy trading with top Solana traders, Built-in Web3 wallet with Solana dApp browser, and 3 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. Bybit 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

Bybit's key strengths include very high liquidity and tight spreads for sol pairs, low maker/taker fees (0.02%/0.055%), copy trading feature for beginners. 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.