Published verdictRanking snapshot 3 November 2026
Koinly leads by 15 points
Koinly scores 15 points above TokenTax, led by your tax form, cost-basis method, and complex transactions.
Koinly #1 of 1181
TokenTax #10 of 1166Why, term by termKoinly leads on 4 of 4 published criteria; TokenTax on 0. The terms sum to the gap.
TermKoinlyTokenTaxWeightPoints
Your tax form8/105/107.7+6.0for Koinly+3.1 of 32
Cost-basis method8/106/106.2+3.2for Koinly+1.7 of 32
Complex transactions8/106/105.3+2.7for Koinly+1.4 of 32
Record portability8/106/104.8+2.5for Koinly+1.3 of 32
Net of the terms+14.5
Criteria roundingThe criteria block is rounded to whole points before it is spread+0.1
Reproduced gap+14.6
Published gapAfter score rounding and bounds — see the note below8166+15.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
KoinlyScore 81Names ten statutory forms across ten jurisdictions and ships Sweden's K4 in Skatteverket SRU upload format, but has no German form on any served page, supports only one of Rev. Proc. 2024-28's two allocation methods by its own admission, charges a per-country add-on to file in two places, and puts its 10-year report-access promise in the help centre while the contract reserves the right to delete inactive accounts with no refund.Strength: Named form output — 8/10Watch-out: Two, and the first costs money before it costs time. US buyers: paying does not by itself produce a filled 8949. "USA-specific reports like Schedule D and form 8949 require the 1099-DA flow to be completed. Without the information if you received the 1099-DA form or not, some of the fields cannot be filled." and "If you didn't complete the 1099-DA flow and download reports, some of them will be empty (1kb PDFs)" (https://support.koinly.io/en/articles/13791356-usa-uploading-1099-da-forms-to-koinly, re-loaded 2026-08-19). Now read that against the contract: "Refunds are not possible once you have downloaded any reports and must be made within 7 days of purchase. The refund reason must be related to a bug/issue within Koinly that we are unable to resolve within reasonable time." (https://koinly.io/legal/terms/, reached from https://koinly.io/terms/, loaded 2026-08-19, "Revised on Jan 2, 2026"). Downloading the empty 1kb PDF is itself the act that extinguishes the refund. Second: German and Austrian buyers get NO statutory form. The pricing FAQ names Germany among countries with "specialised tax reports" (https://koinly.io/pricing/), but the help centre's Localized Tax Reports list has no German entry — Germany appears only as a report LANGUAGE, and the countries article routes German filers to the generic artefact ("Our Comprehensive Tax Report is suitable for anyone looking to declare taxes - no matter which country.", https://support.koinly.io/en/articles/9489962-which-countries-does-koinly-calculate-taxes-for). No Anlage SO, no ELSTER handoff, no Austrian E1/E1kv and no FinanzOnline appears on any page loaded. A German filer pays for a Complete Tax Report written in German and transcribes it. And anyone filing in two countries pays the "Dual nationality" add-on again for each extra country, each tax year. THIRD, added in verification: the help centre's "Each yearly plan is valid for 10 years from the date of purchase" has no counterpart in the contract, which reserves the right to terminate "without any prior notice" on grounds including "Any extended periods of inactivity;", to delete "any and all related information, files, and any such content that may be associated with or inside your account, or any part thereof;", and states "If your account is terminated by Us, you will not be entitled to any refund of any monies spent on Koinly." A buyer who pays for a tax year and comes back in year four is relying on a help article, not on a term.TokenTaxScore 66A US Form 8949 factory with a genuine per-account (2025) basis engine and a real TurboTax handoff, wrapped around an accounting firm — but outside the US it emits an unnamed "relevant international report" the filer transcribes by hand, and the open-lot basis that report rests on cannot be exported. UPHELD verbatim: every clause of it was traced to a character-exact quote on a served page loaded 2026-08-19.Strength: Basis method fidelity — 6/10Watch-out: UPHELD, with one item added and one quote re-sourced. That the plan you bought does not produce the thing the marketing page sold, and that the real work costs more. (1) /features advertises "Form 8949, Schedule D" AND "International forms" under "Our software automatically generates every tax form you need to complete your filings—whether you file with us or a different provider, such as TurboTax.", but the help centre states "Includes information that TokenTax does not have access to for crypto-only clients. TokenTax is unable to generate this form unless we are handling your full tax return. Your tax preparer is responsible for your Schedule D." — and no page anywhere names a single international form. (2) Outside the US there is no form at all — every tier promises only an "IRS Form 8949 or relevant international report", and TokenTax's own Sweden guide tells the filer to "Log in to Skatteverket, open form K4 (D). List each disposal’s cost basis, proceeds, and result" by hand. (3) Buying the cheap tier and then importing your full history to establish basis silently burns your cap: "Import the complete historical data needed to establish accurate cost basis. Your plan's transaction allowance still applies; importing historical data does not make the plan's transaction limit unlimited." (4) Surcharges land after purchase and are published only inside the help centre, never on /pricing: "Margin Processing: This service is $399 and includes processing of margins, derivatives, and futures data.", "It is available for purchase for $49 for Basic Plan or Premium Plan holders." for FBAR, and full filing "starting at $999". (5) Even the $3,499 VIP plan is chain-limited — "At the moment, the VIP Plans include support for Layer 1 Ethereum, Polygon, and Binance Smart Chain transactions. Our engineers are continually adding support for new chains, but in the meantime, other chains may require additional fees." — and one-shot: "Additionally, we will only complete your reconciliation one time for each plan purchased. If we complete the services included in your account's plan but you later discover that you omitted some transaction data, we may ask you to purchase an additional plan." (6) None of it is refundable, and there is nothing to try first: "TokenTax does not offer refunds." (https://tokentax.co/terms), expanded in the help centre as "At TokenTax, we have a no refund policy." (https://help.tokentax.co/en/articles/1800908-can-i-get-a-refund, October 25, 2021) — while "At this time, we do not offer free trials, demos, or preview functions." (https://help.tokentax.co/en/articles/5803735-does-tokentax-offer-any-demos-or-trials, January 23, 2024). You buy blind and you cannot unwind it. (7) ADDED — three served pages disagree on who may buy the $999 full-filing add-on: the UI guide says "This service is only available for U.S.-based clients with a VIP Plan or above." and the VIP article says Full-Filing services "are available to purchase, as an add-on to our VIP Plan, or above, only.", but the plan-chooser, timestamped "Updated today", says "Full filing by TokenTax is a separate add-on available to customers who purchase any crypto tax plan; it is not included automatically and is not limited to VIP customers." and /pricing says only "This add-on is only available to customers who purchase a crypto tax plan." A Basic buyer reading the newest page believes a service two older pages gate behind $3,499 is available to them.