Crypto tax software with DeFi and NFT support and direct TurboTax integration for US filing.
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ZenLedger vs Koinly
Comparing ZenLedger and Koinly to help you pick the right Crypto Tax Software for your needs.
| Feature | ZenLedger | Koinly |
|---|---|---|
| Pricing | Freemium | Freemium |
| Platforms | Web | Web |
| Editorial rating | ★ 3.8 / 5 | ★ 4.5 / 5 |
| Starting price | $0 | $0 |
| Community votes | 9 | 312 |
ZenLedger Pros & Cons
- Direct TurboTax integration simplifies the filing step for the large US TurboTax user base
- Covers DeFi and NFT transactions alongside standard exchange trading history
- Free tier provides entry-level access, though limited to 25 transactions
- Broad exchange and wallet support for US-focused crypto tax calculation
- Reduces the manual work of transferring crypto calculations into TurboTax separately
- Free tier's 25-transaction limit is very low for any meaningfully active trader
- Customer support response times are a recurring complaint in user reviews, worth noting for time-sensitive tax deadlines
- TurboTax integration advantage is only relevant to TurboTax users — users of other tax software don't benefit from this differentiator
- Less suited to traders with extensive DeFi activity where crypto tax calculation across protocols remains complex across all platforms
Koinly Pros & Cons
- Connects to 800+ exchanges, wallets, and blockchains
- Generates country-specific forms for US, UK, Canada, Australia, and 20+ others
- Free tier lets you preview your full tax liability before paying
- Handles complex DeFi, staking, and NFT transactions
- Built-in error detection flags missing cost-basis data
- Pricing scales with transaction count, which adds up for active traders
- DeFi protocol support, while broad, occasionally lags brand-new protocols
- CSV import for unsupported exchanges requires manual mapping
- No direct e-filing — exports reports for use in TurboTax or with an accountant
- Customer support response times slow down during tax season
Verdict: ZenLedger vs Koinly
Koinly is generally the better default for most users given its broader exchange support and polished interface. ZenLedger is worth considering specifically if you use TurboTax and want direct filing integration.
Frequently Asked Questions
- Which is cheaper, ZenLedger or Koinly?
- ZenLedger and Koinly use a similar pricing model (both freemium), so the cheaper choice depends on which specific plan tier and feature set you need rather than the base pricing model.
- Is ZenLedger or Koinly rated higher?
- Koinly has the higher editorial rating at 4.5 out of 5, compared to ZenLedger's 3.8 out of 5. This is Kreemhunt's own staff rating, not a public user aggregate — review the pros and cons below for specifics that matter to your use case.
- Which platforms do ZenLedger and Koinly support?
- ZenLedger is available on Web. Koinly is available on Web. Both tools cover a similar range of platforms.
- Can I switch from ZenLedger to Koinly (or vice versa)?
- Most crypto tax software tools, including ZenLedger and Koinly, support data export in standard formats, making migration possible though rarely fully automatic. Expect to manually verify that custom configurations, integrations, and historical data transfer correctly, and budget time for the team to adjust to workflow differences between the two products.
- Should I choose ZenLedger or Koinly?
- Koinly is generally the better default for most users given its broader exchange support and polished interface. ZenLedger is worth considering specifically if you use TurboTax and want direct filing integration.