Koinly vs TaxBit

Overview

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,... TaxBit TaxBit is a cryptocurrency tax and accounting platform trusted by major exchanges and financial institutions for compliance reporting. The platform serves both individual users and enterprises, provid...

Community Ratings

Koinly is rated higher by the MadeOnSol community with 4.5/5 stars across 4 reviews, compared to 4.0/5 for TaxBit (1 review). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Koinly uses a freemium model, while TaxBit is freemium. Both offer free tiers with paid upgrades, so try each before committing to a paid plan.

Key Features

Koinly offers 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. TaxBit counters with 5 features including Exchange partnerships for free tax reporting, Solana transaction import and calculation, Real-time capital gains 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. Koinly currently has a healthy health status with 100.0% uptime over the last 30 days. TaxBit 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

Koinly's key strengths include most comprehensive solana defi tax coverage available, automatic transaction matching reduces manual work, multi-country tax report generation from one platform. TaxBit stands out for free tier for supported exchange users, trusted by major financial institutions, highly accurate calculation engine. On the flip side, Koinly's weaknesses include free tier limited to tracking only — reports require paid plan, while TaxBit's main drawback is consumer product less feature-rich than enterprise.