Is Koinly crypto tax legit?
Koinly is a real, operating crypto tax tool. It is n/a. We found no reported hacks or fund losses in our sources. Legit is not the same as low-risk: the coins traded on it can still go to zero.
Checked 2026-10-16 · 8 sourcesThe checklist
| Check | Finding |
|---|---|
| Operating status | live |
| Custody | n/a |
| Identity check (KYC) | unknown |
| Known backers | none found |
| Reported incidents | none found |
| Published fees | yes |
| US availability | available |
Custody: who holds your money
Tax software only. Koinly does not trade or hold funds; Solana wallets are added by pasting a public address.
Incidents
No reported hacks, exploits or frozen withdrawals in the sources we checked.
Real downsides
- Plan prices were not readable on the official pricing page at the check date, so compare in-app before buying.
- Solana guide says only the 100,000 most recent transactions sync initially; older history must be added manually.
- Jupiter perps must be tagged manually; spot trading is supported.
- Refunds are not available once a report has been generated.
Can you use it where you live?
| Region | Status |
|---|---|
| United States | Available |
| United Kingdom | Available |
| European Union | Available |
Koinly says users come from 140+ countries and it supports FIFO, LIFO, ACB, Shared Pool and HIFO cost-basis methods. Country-specific reports are listed for the US, Canada, the UK, Germany, Norway, Denmark and Sweden on its Dutch pricing page. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
How to use Koinly without getting scammed
- Only open koinly.io — fake lookalike sites and "support" DMs are the most common way people lose funds on any trading venue.
- Never share a seed phrase or private key. No real support agent will ask for one.
- A referral code only changes your fee and who gets a share of it. It never needs your keys.
- Treat every new memecoin as able to go to zero. A legit venue does not make the coins on it safe.
Comparing options? See the full Koinly sheet or CoinLedger, Awaken Tax, CoinTracker.
FAQ
Is Koinly legit?
Koinly is an established crypto tax software company. Its pricing page says it is self-funded with no investors, supports users in 140+ countries and offers a 7-day refund if no report was generated. Dexsheet has not audited its calculations, so check imports against your own records.
Is Koinly free?
Importing wallets, previewing gains and viewing the tax summary is free, with no credit card. You pay only to download tax reports. Plans are one-time payments per tax year, not subscriptions.
Does Koinly support Solana and memecoins?
Yes for Solana wallets: paste a public address to sync. Its Solana guide covers memecoin trading and Pump.fun purchases, and says Jupiter spot trades are supported while perps need manual tagging.
Can I get a refund from Koinly?
Yes, within 7 days of purchase if you have not generated a tax report. After a report is generated, refunds are not offered. A refund for crypto payments is returned in USDC.
Does Koinly have an affiliate program?
Yes. It advertises 20% commission on tax plan sales, with a recurring portion for up to a year. Payouts start at $100 from 3 unique customers via PayPal, and the per-order cap is $200 under its legal terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Koinly pricing — checked 2026-10-16
- Koinly pricing (Dutch, country list) — checked 2026-10-16
- Koinly refund policy — checked 2026-10-16
- Koinly Solana tax guide — checked 2026-10-16
- Koinly Phantom guide — checked 2026-10-16
- Koinly affiliate page — checked 2026-10-16
- Koinly affiliate terms — checked 2026-10-16
- Koinly affiliate FAQ — checked 2026-10-16