KOINLY VS COINTRACKING VS COINTRACKER : PRICING PLANS
Koinly:
Koinly, in contrast to its competitors, offers a free price plan that supports 10,000 transactions and 50 exchanges but excludes the 8949 or schedule D forms, as well as exports to TurboTax, audit reports, and overseas tax reports. This bundle is typically appropriate for people who wish to test the platform out before committing to any paid plan. Remember that while the free plan gives you access to many premium features and the ability to examine your transactions, but it doesn’t allow you exporting tax reports. Following is detail outlook of Koinly plans with features:
The HODLER plan costs $139 every tax year and includes access to all Koinly features, with the exception of priority support, custom reports, and help with reviews and imports. It allows for 300 transactions and an unlimited number of wallets and exchanges.
The TRADER plan costs $249 every tax year, offers 3,000 transactions, limited wallets and exchanges, more give customer care as well.
The PRO plan costs $389 every tax year that includes 10,000+ transactions, unlimited wallets/exchanges, priority support, custom reports, review and import assistance, and access to all other Koinly services.
Cointracker:
CoinTracker provides a variety of subscription plans. The most basic account type is free. Step-level plans cost $59 (100 transactions) and $199 (1,000 transactions) and include more features. There is also a customizable plan that is priced separately.
While enterprise pricing plans are not publicly available, they are most likely defined on the basis of individual cases based on the needs of the customer. The following is a table of prices based on transactions:
For the first 25 transactions, Cointracker's free plan creates Form 8949. From 100 to 1,000 transaction price points, Koinly is less expensive. Cointracker is a better option if your transaction volume is small. Koinly, on the other hand, is more economical for large volumes of transactions.
Cointracking:
Cointracking offers four pricing tiers for its service features: free, pro, expert, and unlimited. Bitcoin is a recognised form of payment here.
The free plan support for 200 transactions, limited tax/capital gain reporting, personal exporting, currency monitoring, and CSV imports are all included in the free plan. This plan is primarily intended for people who want to give CoinTracking a try.
The pro plan costs $9.99/month and includes all other basic capabilities offered by the platform, with the exception of customer support and prioritised transactions. It supports 3,500 transactions.
The expert plan cost $16.99/month, which allows for up to 20,000 transactions. Furthermore it is flexible plan. Like, For $21.99 and $27.49, respectively, you can upgrade your account to 50,000 or 100,000 transactions.
The unlimited plan costs $59.99/month and allows for unlimited transactions, as well as prioritised transactions and customer assistance. When purchasing for two years of service in advance saves you $162 (or 0.016 BTC). A lifetime subscription costs $5599. CoinTracking's unlimited transaction package is really quite affordable when compared to other crypto tax calculators' unlimited subscriptions, which can cost up to $1000 per year.
FINAL VERDICT
Each software has pros and cons, just like any other crypto tax software. Overall, it appears that CoinTracker is a more economical alternative, although CoinTracking offers more functionality in its free plan. In the end, it all comes down to your wants and preferences. Cointracker and Koinly are both excellent programmes that will help you compute your taxes in a matter of minutes with no fuss; no time wasted, no mistakes, and much more. CoinTracking and Koinly are quite similar. Still, there are a few advantages to using Koinly over CoinTracking, such as support for more exchanges and interaction with tax software TurboTax. On the other hand, CoinTracking is far less expensive than Koinly; it's difficult to choose between the two. CoinTracker also has an advantage over CoinTracking it includes auto-sync for unlimited exchanges and wallets in all tiers. CoinTracking, on the other hand, only provides it in paid plans. Thus, it depends on every individual preferences and needs what features they’d like to use and what plans they could afford.