For most EU retail investors — someone living in Germany, the Netherlands, France, Spain, or Sweden with a straightforward portfolio on major exchanges — Divly is the better choice. It generates ready-to-submit official tax forms for each of those countries, bills in EUR, and has local-language support with country-specific tax knowledge. Koinly is the better tool if you have complex DeFi activity, use many obscure chains, or your country is not on Divly’s supported list.

Divly currently supports around 20 countries with native tax form generation, including Germany, Netherlands, France, Spain, Sweden, Finland, Norway, Denmark, and several others. Check Divly’s website for the current country list — they add new countries periodically. If your country is not listed, you will only get generic export data from Divly, which reduces its advantage over Koinly significantly.

Yes. Both platforms let you create a free account, connect your exchanges and wallets, import your full transaction history, and preview your capital gains and losses — all without paying. You only pay when you want to download the final tax report. This makes it easy to test both side-by-side with your real data before committing to either.

It depends on your transaction volume and how many tax years you need. For a casual EU investor with one or two exchanges and fewer than a few hundred transactions per year, Divly tends to work out cheaper — especially when you factor in EUR billing and bundle-friendly prior-year access. Koinly’s pricing is in USD and historical years are paid separately, which can add up if you need several years of reports. Both tools scale in price with transaction volume, so heavy DeFi traders will pay more on either platform.

Yes. Koinly has strong automated support for DeFi activity including Uniswap swaps, Aave lending, liquidity pool entries and exits (including impermanent loss), cross-chain bridges (treated as internal transfers, not taxable events), and NFT minting and sales on EVM-compatible chains. Staking rewards are classified as income. This is where Koinly clearly outperforms Divly — complex DeFi edge cases require manual correction in Divly but are handled automatically in Koinly.

Neither tool can touch your funds. Both connect to exchanges using read-only API keys — they can read your transaction history but cannot place orders, withdraw crypto, or access private keys. When setting up API connections, always create a dedicated read-only key with no trading or withdrawal permissions, and revoke it once your tax report is complete. Both platforms use bank-level encryption for stored data and are GDPR compliant.

Yes. Divly has a direct Koinly import feature that lets you upload a CSV export of your Koinly transaction history, so you do not need to re-enter years of data manually. After importing, you reconnect your exchanges via fresh API keys for ongoing syncing. Review the imported data carefully for any gaps — particularly for exchanges that may not export complete historical records.

A native tax form is a completed document formatted exactly as your national tax authority requires — for example, a pre-filled Anlage SO for a German investor or a Box 3 report for a Dutch investor. You can submit it directly or hand it to your accountant as-is. A generic CSV is a spreadsheet with your raw transaction data and calculated gains and losses. It is correct data, but you still need to map those figures to your country’s form yourself — which requires knowing local rules and creates more room for errors. Divly produces native forms; Koinly produces generic exports for most EU countries.