Koinly vs Blockpit (2026):
which crypto tax tool should EU investors use?
Both start at $49/year and cover the basics. The difference is where each is built to win: Koinly has broader global reach and more integrations; Blockpit is the stronger tool if you’re filing in Germany, Austria, France, or most of Western Europe. This comparison stays neutral — the goal is to put you in the right tool, not push one affiliate.
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TL;DR — where each tool wins
- File taxes in the UK, Canada, or Australia
- Trade across many chains and newer Layer 2 networks
- Want free portfolio tracking with no paywalls
- Need flexibility to choose your own cost basis method
- Hold a large number of DeFi positions
- File taxes in Germany, Austria, France, Spain, Italy, Belgium, or the Netherlands
- Want officially compliant, localized EU tax forms
- Prefer a tool that enforces correct local cost basis automatically
- Have long-term holdings and need 15 years of price history
- Want a dedicated tax optimization / sales simulator tool
Head-to-head comparison
All figures as of 2026. Prices in USD, billed annually.
| Feature | Koinly | Blockpit |
|---|---|---|
| Starting price | $49/yr — 100 transactions | $49/yr — 50 transactions |
| Free plan | Preview only (no download) | Preview only (no download) |
| Portfolio tracking | Fully free | Partial — Blockpit Plus ($4.99/mo) for full access |
| Exchanges supported | 450+ | 160+ |
| Wallets supported | 220+ | 260+ |
| Total integrations | 1,000+ | 770+ |
| Digital assets | 20,000+ base tokens | 500,000+ catalog |
| DeFi protocols | 8,000+ | Limited |
| EU official tax forms | Generalized reports | DE, AT, FR, ES, IT, BE, NL official forms |
| Cost basis methods | FIFO, LIFO, HIFO, ACB — your choice | Auto-enforced by local law |
| Price history | 9 years | 15 years |
| Tax loss harvesting | Free (dashboard tool) | Sales simulator (paid) |
| Mobile app | iOS + Android | iOS + Android |
| Security certifications | SOC 2 Type 2, ISO 27001 | Third-party encryption (no public SOC/ISO) |
| Trustpilot | 4.6 ★ (2,200+ reviews) | 4.4 ★ (900+ reviews) |
| Customer support | Email + forum + expert audit ($499–$1,999) | Live chat + AI tax bot + Discord |
What $49/year actually buys you
Both tools have identical entry pricing — but the transaction caps and feature paywalls diverge quickly.
- Newbie — $49/yr: 100 transactions
- Hodler — $99/yr: 1,000 transactions
- Trader — $179/yr: 3,000 transactions
- Pro — $279/yr: 10,000+ transactions
Portfolio tracking — unrealized gains, allocation charts, NFT dashboard — is fully free on all tiers. Tax-loss harvesting simulation is also included free.
- Starter — $49/yr: 50 transactions
- Basic — $99/yr: 500 transactions
- Advanced — $179/yr: 5,000 transactions
- Pro — $399/yr: unlimited
Advanced portfolio analytics, hover-effect charts, and the full NFT gallery require Blockpit Plus at ~$4.99/month on top of your tax plan. That’s an extra ~$60/year if you want the full picture.
This is where the real difference lives
For EU investors, tax compliance is the most important decision factor — and the gap between these two tools here is larger than any other category.
| Country | Koinly | Blockpit |
|---|---|---|
| Germany (BZSt) | Generalized report | Official BZSt-compliant form, FIFO enforced |
| Austria (BMF) | Generalized report | Official BMF form, local rules applied |
| France | Generalized report | Official form, local compliance enforced |
| Spain | Generalized report | Official form, local compliance enforced |
| Italy | Generalized report | Official form, local compliance enforced |
| Netherlands | Generalized report | Official form, local compliance enforced |
| Belgium | Generalized report | Official form, local compliance enforced |
| UK (HMRC) | Full native support, Shared Pool | Supported |
| USA (IRS) | Full native support | Supported |
| Canada (CRA) | Full native support, ACB | Supported |
| Australia (ATO) | Full native support | Supported |
Koinly lets you select FIFO, LIFO, HIFO, or ACB — useful if you work with a tax professional or your jurisdiction allows choice. Blockpit automatically locks to whatever method your country legally requires. That automation prevents one of the most common errors EU crypto investors make: accidentally filing with the wrong method.
A generalized report gives you the numbers. An official localized form gives you the numbers in the exact format your tax authority expects — with the right field labels, local currency reporting, and structure. For German or Austrian investors especially, Blockpit’s report is significantly closer to what a tax filing actually needs.
How your transactions actually get in
Import quality matters as much as the number of supported platforms. A broken API sync creates gaps; a bad CSV import creates errors.
450+ exchange connections and stronger coverage of newer Layer 2 networks (Arbitrum, Optimism, Base, etc.). Its CSV auto-mapping feature handles many format variations automatically, reducing manual field-matching. Better if you spread holdings across many chains and newer protocols.
260+ wallets vs Koinly’s 220+ — an advantage if you hold across many hardware and software wallets. Blockpit emphasises integration accuracy over raw quantity, arguing that fewer high-quality connections produce cleaner data than a large catalogue with inconsistent sync reliability.
Beyond the tax report
Both tools double as portfolio trackers. What you get without paying extra differs significantly.
- Unrealized gains/losses — free
- Asset allocation charts — free
- NFT dashboard — free
- Tax-loss harvesting simulator — free
- 9 years of historical price data
- Basic portfolio view — free
- Advanced analytics — Blockpit Plus required
- Allocation charts and NFT gallery — Plus only
- Sales simulator (tax optimizer) — paid
- 15 years of historical price data
DeFi, NFTs, and advanced transactions
8,000+ DeFi protocol coverage. Better automated transaction tagging — staking rewards, airdrops, liquidity pool entries, and bridge transactions are more likely to be correctly categorized without manual intervention. Stronger for active DeFi users.
500,000+ digital asset catalog including derivatives and commodities. Strong spam token filter that ignores airdropped junk automatically. For mainstream staking and simple DeFi, coverage is solid — edge cases and newer protocols are more likely to need manual tagging.
Ease of use, support, and security
Koinly is generally considered more beginner-friendly — the onboarding flow is more guided, CSV auto-mapping reduces setup friction, and the dashboard is more familiar for non-technical users.
Blockpit has a cleaner UI for EU users with a more structured report workflow. The automated compliance approach removes decisions — which speeds up the filing process if your setup is straightforward.
Koinly: email ticketing, community forum, knowledge base. Also offers a premium Expert Review service ($499–$1,999) where their team audits your data — useful if your transaction history is a mess.
Blockpit: live chat, an AI tax bot trained specifically on regional tax laws, community Discord and Telegram. For jurisdiction-specific questions, the AI tax bot can be genuinely useful.
Koinly: SOC 2 Type 2 and ISO 27001 certified — independently audited standards that verify data handling and information security practices. Trustpilot 4.6 stars across 2,200+ reviews.
Blockpit: third-party encryption and vulnerability scanning. No publicly listed SOC 2 or ISO 27001 equivalent. GDPR compliant. Trustpilot 4.4 stars across 900+ reviews.
Both tools use read-only API access only — they cannot move your funds. Neither has disclosed a major data breach.
What each tool actually gets right and wrong
Pros
- 1,000+ integrations — largest in the category
- Best DeFi protocol coverage (8,000+ protocols)
- Full portfolio tracking free, no Plus paywall
- Tax-loss harvesting simulator free
- SOC 2 + ISO 27001 certified
- Cost basis flexibility (FIFO, LIFO, HIFO, ACB)
- Better for UK, Canada, Australia filings
Cons
- Generalized reports for most EU countries — not official localized forms
- Cost basis flexibility is a risk if you pick the wrong method
- Gets expensive at scale (10,000+ tx = $279/yr)
- Complex DeFi still requires manual cleanup
- Expert Review service is very expensive
Pros
- Official localized tax forms for DE, AT, FR, ES, IT, BE, NL
- Automatic cost basis enforcement — prevents compliance errors
- 15 years of price history (vs Koinly’s 9)
- 500,000+ digital asset catalog
- Strong spam token filter
- Live chat + AI tax bot for support
- Sales simulator for tax optimization
Cons
- Fewer exchanges (160+ vs 450+) — gaps more likely for active traders
- Advanced portfolio analytics behind Blockpit Plus ($4.99/mo extra)
- Weaker coverage for newer L2 chains and niche protocols
- Smaller review base on Trustpilot
- No public SOC 2 or ISO 27001 certification
Which tool should you use?
Run through these five questions. Most people will have a clear answer by question two.
→ Use Blockpit. Official localized forms and automatic compliance enforcement are the deciding factor here. Koinly will give you the numbers, but Blockpit gives you the filing-ready output.
→ Use Koinly. Native support for HMRC, CRA, and ATO formats with the correct cost basis methods (Shared Pool for UK, ACB for Canada). Blockpit supports these countries but Koinly has deeper native integration.
→ Koinly has the edge. 8,000+ DeFi protocols and better coverage of newer L2 chains reduces the gaps in your transaction history. Blockpit covers mainstream chains well but gaps appear on long-tail protocols.
→ Koinly. Unrealized gains, allocation charts, and NFT dashboard are all free. Blockpit locks the equivalent behind Blockpit Plus — an extra ~$60/year on top of your tax plan.
→ Blockpit has an edge. 15 years of historical price data vs Koinly’s 9 means older transactions are less likely to show a zero or estimated cost basis — a real issue for early crypto adopters.
Try both — then commit
Both tools let you import your full history and see your tax summary for free. That’s the only real way to know which one handles your setup cleanly. For most EU investors, Blockpit is the safer compliance bet. For UK, Canada, AU, or heavy DeFi users, Koinly is the stronger pick.
Go deeper
Frequently asked questions
Is Blockpit better than Koinly for EU investors?
For most EU investors — especially in Germany, Austria, France, Spain, Italy, Belgium, and the Netherlands — Blockpit is the stronger choice. It generates official, locally compliant tax forms and automatically enforces the cost basis method required by your country’s law (e.g. FIFO in Germany). Koinly covers more countries overall but produces generalized reports for many EU jurisdictions that may require additional manual work to be filing-ready.
Can I use Koinly or Blockpit for free?
Both tools let you import transactions and preview your tax summary for free — but neither lets you download a tax report on the free tier. Koinly keeps all portfolio tracking features free. Blockpit locks some advanced analytics behind Blockpit Plus at around $4.99/month extra. To actually generate a downloadable tax report, both require a paid plan starting at $49/year.
Which tool is better for German crypto tax reporting?
Blockpit is the clear winner for Germany. It generates an official BZSt-compliant tax report, automatically applies FIFO (as required by German law), and has deeper integration with the German tax framework. Koinly produces a tax report for Germany but it’s a generalized format — not an official localized form. If you’re filing in Germany and want a report your Steuerberater or tax software recognizes directly, use Blockpit.
Does Koinly or Blockpit support DeFi and staking?
Both support staking, lending, liquidity pools, margin trading, futures, and airdrops. Koinly has broader DeFi protocol coverage at 8,000+ protocols and generally better auto-tagging for complex transactions. Blockpit tracks 500,000+ digital assets and has strong spam token filtering, but may require more manual cleanup for edge-case DeFi positions on newer or less common protocols.
Is Koinly safe? What about Blockpit?
Both tools use read-only API access — they cannot move your funds. Koinly holds SOC 2 Type 2 and ISO 27001 security certifications, which are independently audited. Blockpit uses third-party data encryption and vulnerability scanning but does not publicly list equivalent certifications. Both are GDPR compliant. Neither has disclosed a major data breach.
How do Koinly and Blockpit handle FIFO and LIFO?
Koinly gives you the choice: FIFO, LIFO, HIFO, ACB (average cost basis), and Shared Pool are all available. This flexibility is useful if you work with a tax professional or file in a jurisdiction that allows multiple methods. Blockpit automatically locks you into the cost basis method required by your local tax law — which prevents accidental non-compliance but removes manual control. For EU investors, Blockpit’s automatic enforcement is usually the safer default.
What if I trade across many chains and Layer 2 networks?
Koinly is generally stronger here. It supports 1,000+ total integrations including newer Layer 2 chains (Arbitrum, Optimism, Base, etc.) and covers 8,000+ DeFi protocols. Blockpit covers 770+ integrations with stronger wallet depth but fewer exchange connections. If you actively trade across many newer chains and protocols, Koinly’s broader coverage is less likely to leave gaps in your imported transaction history.
QuantRoutine provides educational content only. Nothing on this page is an offer, solicitation, or recommendation to purchase any software product or crypto tax service. Tool features, pricing, transaction limits, and supported integrations change frequently — always verify current terms on each tool’s official website before subscribing. Data in this comparison is accurate as of May 2026 and sourced from official product documentation and publicly available information. You are responsible for your own financial and tax decisions and for confirming the rules that apply in your jurisdiction.