Is Koinly Good? A Plain Review for Australian Crypto Investors

General information: This page is general information only and is not financial, tax or legal advice. It does not consider your objectives, financial situation or needs. Facts were checked on 4 November 2026. Read our general information notice.

Is Koinly good? Its advertised features cover Australian tax reporting and importing crypto activity, but the research does not establish how well it performs with a real portfolio. The strongest supported findings are about what Koinly offers, how its displayed plans work and where its own descriptions leave questions open.

This review uses three official Koinly pages checked on 4 November 2026. No account, checkout or transaction import was tested. There is no measured rating, independent satisfaction assessment or comparison with competing software. The assessment below concerns the documented product, with provider claims identified as such.

Disclosure: Some links to crypto tax software, including Koinly and CoinLedger, are affiliate links. We may earn a commission if you sign up or buy, at no extra cost to you. Commissions do not change our facts or the order of our guides. We do not take paid placements. Affiliate links are marked and open through /go.

What Koinly says it does

Koinly's Australia page describes importing exchange transactions through API connections or CSV files, and connecting blockchain wallets through public addresses. It says the service finds historical market prices, matches transfers between a user's wallets and calculates estimated gains and losses.

The same page advertises an ATO Tax Report and an H&R Block Tax Report. Koinly says its Australian report includes disposals, capital gains and income, for use through myGov or with an accountant. It also advertises tracking holdings, ROI and growth over time.

That gives the product a defined purpose: bringing transaction data together, calculating estimates and producing report output. The checked pages describe those stages. They do not provide this review with evidence that imports or calculations worked correctly for a particular Australian investor.

What is free, and what requires payment?

The pricing page says users can import transactions and preview their tax summary free. The Australia page also advertises a free taxable gains preview. This is a meaningful distinction when interpreting the product's free software wording: a preview and a downloadable tax report have different payment boundaries.

Koinly says payment is required for the tax report itself and when exceeding 10,000 transactions. The free label does not establish that every feature or transaction volume is included.

The free import and preview workflow makes it possible, according to Koinly's description, to see a summary before paying for a report. This review did not test how detailed that preview is or whether it exposes every issue in imported records.

Koinly's plans

Koinly's plans and prices are listed on Koinly's own site.

The checked plan cards list Free, Newbie, Hodler and Trader. Newbie includes 100 transactions, Hodler includes 1000 transactions, and Trader includes 3000+ transactions.

Koinly describes paid plans as one-time payments for the tax years needed, without automatic recurring charges. It says an unlimited number of reports can be generated and downloaded for a purchased tax year, and that plans can be upgraded.

The Newbie, Hodler and Trader cards each list unlimited wallets and exchanges. They also list tax reports, international reports, a comprehensive audit report, margin trading and DeFi features. These are listed inclusions, without a hands-on assessment of their scope or performance.

Transaction limits need a closer reading

The pricing FAQ counts a deposit, withdrawal or trade added to Koinly as a transaction. Koinly says it groups related transactions and filters spam. Its definition is therefore relevant to understanding plan allowances; the number of connected wallets is a separate feature from the transaction limit.

There is also an inconsistency in the pricing terminology. The cards name Free, Newbie, Hodler and Trader, while the FAQ about exceeding 10,000 transactions refers to a Pro plan and additional transactions in blocks of 1,000. The checked text does not explain how Pro relates to Trader.

The desktop comparison also shows 3000 and 10,000+ options in the Trader area. The research did not establish how those configurations or transaction additions apply to a particular portfolio.

Australian exchange and wallet coverage

Koinly's integrations directory lists CoinSpot, Swyftx, CoinJar, BTC Markets and Independent Reserve. It also includes MetaMask, Ledger, Trezor, Bitcoin, Ethereum and Solana. Those listings establish that the names appear in the directory, without proving the completeness or method of each import.

The integrations page advertises 1000+ direct integrations, 7,200+ DeFi protocols and unlimited CSV imports. These are Koinly's totals, not an independently counted inventory. For an unlisted exchange, Koinly says users can obtain a CSV or Excel transaction file and get help importing it.

Coverage wording differs across the pages. The Australia page advertises 900+ integrations, while its FAQ separately says over 400 exchanges. Exchanges and integrations are different categories, so these figures do not support a single verified count of supported Australian platforms.

The practical limit of this evidence is specific: a directory listing supports a coverage claim, while successful handling of an investor's full history remains untested here. Particular DeFi and NFT transaction types, historical limits and exchange API permissions were outside the checked research.

Does its Australian report establish ATO approval?

Koinly describes its report as ATO compliant. That is the provider's claim. The three sources used here do not independently establish ATO approval, audit sufficiency or whether a report alone meets documentation requirements.

Likewise, the advertised comprehensive audit report is a feature name on the paid plan cards. Its presence does not establish acceptance of a particular user's records. Our guide to whether a Koinly report is enough for the ATO discusses that question separately.

This review does not set out Australian tax rules, filing deadlines, record retention periods or required calculation methods. Those matters were not verified in the research used for this page.

Refunds, security and the limits of this review

The pricing FAQ says a full refund can be requested within 7 days of purchase if no tax report has been generated. The condition matters: the checked wording does not describe an unconditional opportunity to generate reports and then obtain a refund.

On connecting accounts, Koinly's integrations page says private keys are not needed to connect exchanges, wallets and blockchain addresses. That statement does not establish the service's wider security controls. Security audits, privacy practices, data retention and breach history were not checked.

Ease of use, customer support quality and time savings were also not tested. There is no evidence here for calling the software effortless, its calculations error-free or its support dependable. A product description can establish an advertised workflow without establishing those outcomes.

Frequently asked questions

Is Koinly good for Australian crypto investors?

Its advertised Australian reports, import options and free summary preview address the tasks described in this review. Whether it handles a particular portfolio accurately remains untested. The evidence supports explaining the features, without a universal verdict or recommendation.

Can I use Koinly without paying?

Koinly says transaction imports and a tax summary preview are free. Its pricing page says payment is required for the tax report itself and when exceeding 10,000 transactions. Free use and paid report access are separate parts of its offer.

Where can I find Koinly's plans and prices?

Koinly's plans and prices are listed on Koinly's own site.

Does a listed integration guarantee a complete import?

No such guarantee was established by this research. The directory names supported platforms, but actual import success, historical coverage and calculation accuracy were not tested with a real portfolio.