Phantom vs Koinly

Overview

Phantom Phantom is the most widely used wallet in the Solana ecosystem and has become synonymous with Solana itself. With millions of active users, Phantom provides a seamless gateway to DeFi, NFTs, token swa... 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

Phantom is rated higher by the MadeOnSol community with 4.8/5 stars across 4 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

Phantom uses a free model — Free to use. Built-in swap charges approximately 0.85% fee. Staking is free with standard validator commission., while Koinly is freemium. Phantom 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

Phantom offers 8 features including Browser extension and mobile app with full feature parity, Built-in token swap aggregator powered by Jupiter for best prices, Native SOL staking with validator selection and rewards tracking, and 5 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. Phantom 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

Phantom's key strengths include most widely supported wallet — works with virtually every solana dapp, intuitive design that makes blockchain interactions accessible to beginners, strong security with transaction simulation and phishing protection.