Koinly: Free Crypto Tax Software Explained
Managing crypto taxes can quickly become overwhelming, especially when you trade across multiple exchanges or use DeFi and NFTs. Koinly solves this problem by offering a free crypto tax software that lets users organize, track, and review their crypto activity before spending any money.
How Koinly’s Free Plan Works
Koinly allows users to create an account and start importing crypto data at no cost. You can connect wallets and exchanges using APIs, public wallet addresses, or CSV files. Once connected, Koinly automatically syncs transactions and displays them in an easy-to-understand dashboard.
The free version focuses on visibility and accuracy, giving users full access to their data without forcing an immediate upgrade.
Features Available in the Free Version
Complete Transaction Tracking
Koinly imports all your crypto transactions, including trades, transfers, staking rewards, airdrops, DeFi interactions, and NFT activity. There is no limit on how many wallets or exchanges you can connect.
Portfolio Monitoring
Users can see their total crypto balance, asset distribution, and historical portfolio performance. Prices update automatically, helping you understand how your investments are performing over time.
Tax Calculation Preview
Koinly calculates capital gains, losses, and income in the background. While you can’t download official tax forms for free, you can still view a detailed tax summary to understand your potential tax liability.
Automatic Classification
Transactions are automatically categorized, reducing manual work and helping ensure accurate tax calculations.
What Requires a Paid Plan?
Koinly only charges when you need to download official tax reports for filing. This includes country-specific reports and downloadable documents for tax authorities. Until then, all tracking and previews remain free.
Who Should Use Koinly’s Free Crypto Tax Software?
- Crypto beginners who want to understand taxable events
- Long-term investors tracking portfolio performance
- Active traders who want to estimate taxes before filing
- Users comparing multiple crypto tax tools
Why Koinly’s Free Version Stands Out
Unlike many crypto tax platforms that lock features behind paywalls, Koinly allows full data access from day one. This “try before you pay” approach makes it easier to trust the calculations and decide whether the platform fits your needs.
Conclusion
Koinly’s free crypto tax software is an excellent starting point for anyone dealing with cryptocurrency taxes. It provides full transaction visibility, accurate tax previews, and powerful portfolio tracking without upfront costs. When you’re ready to file, upgrading is straightforward and only necessary for downloading reports.
For users who want clarity, control, and confidence in their crypto tax reporting, Koinly offers one of the most flexible and user-friendly free solutions available.