BlockchainSmartTax vs Koinly

Koinly is a popular crypto tax platform. Here's how BlockchainSmartTax compares on features, pricing, and DeFi support.

We win on 17 featuresKoinly wins on 1

Feature	BlockchainSmartTax	Koinly
Free tier	10,000 txns (beta)	10,000 txns
Paid pricing	$25 - $499/yr	$49 - $279/yr
Blockchains	550+	350+
Cost basis methods	All 6 free (incl. average cost)	All on paid plans
DeFi classification	200+ protocols across 44 chains	Basic auto-detect
DeFi LP dashboard	10 protocols, dedicated page	Basic LP tracking
Spam detection	Auto-detect + GoPlus API + configurable dust threshold + never charged	Manual tag as spam
Excel export	Full XLSX with color-coded rows, auto-filters, all wallets	CSV only
Realize loss on worthless coins	One-click total loss disposal (rug pull, bankruptcy, lost)	Manual workaround
Dashboard analytics	Top/bottom performers by ROI, allocation breakdown, per-coin P&L	Basic portfolio value only
On-demand recalculation	Toggle auto-recalc off, recalculate when ready	Forced recalc on every edit (214 votes requesting this)
Tax-loss harvesting	Lot-level breakdown + wash sale tracking	Tax-loss harvesting report
Lightning Network	CSV import (Phoenix, Zeus, BlueWallet, Alby)	No
FBAR/FATCA reporting	Yes, with penalty calculator	No
Transaction snapshots	Create, download, restore backups	No
Public API	Yes, with key management	No
Perps trading	Hyperliquid, Jupiter, 7 EVM protocols	Limited
Exchange integrations	16 API + 250+ CSV	400+ API + CSV
International reports	US, UK, CA, AU, DE, IT, AT, FI	US, UK, CA, AU + more
Per-wallet cost basis (IRS 2025)	Yes, auto-enforced	Yes
Wallet Connect	One-click auto-detect	No

Why switch from Koinly?

2-4x cheaper at comparable transaction volumes
200 more blockchains supported with 200+ DeFi protocol classifiers
All 6 cost basis methods free — no paywall on FIFO vs HIFO vs average cost
Excel export with formatted spreadsheets — Koinly only offers CSV (774 votes requesting this)
Automatic spam/dust filtering with configurable threshold — Koinly requires manual tagging (391 votes)
One-click loss realization for worthless/rugged coins — proper Form 8949 disposals
Dashboard analytics with top performers, allocation breakdown, and per-coin P&L
On-demand recalculation toggle — no forced recalcs after every edit (251 votes on Koinly)
Lot-level tax-loss harvesting with wash sale tracking and countdown timers
Lightning Network CSV support — Phoenix, Zeus, BlueWallet, Alby
FBAR/FATCA foreign account reporting with penalty calculator
Transaction snapshots for backup and audit trail
Koinly CSV importer — switch without re-syncing or re-classifying

Import your wallets in under 2 minutes. No credit card required. 10,000 free transactions.