Koinly is a specialist. If your “portfolio” includes crypto transactions, Koinly can save you a lot of pain. If not… it’s the wrong tool for the job.
Quick answer: Koinly is crypto tax software that helps calculate crypto gains/losses and produce tax reports. It’s valuable for crypto-heavy activity, but it’s not designed primarily for dividend capture stock traders.
Best for Yield Raiders: only if you also trade or hold crypto and need crypto-specific tax reporting.
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Quick Summary
| Category | Detail |
|---|---|
| Best For | Crypto tax reporting and crypto transaction organization |
| Pricing | Free preview with paid plans; check site for current pricing |
| Dividend Capture Fit | Not primarily for dividend capture (crypto-first tool) |
| Overall Rating | ⭐⭐⭐☆☆ (3.5/5) |
What Is Koinly (Crypto Tax)?
Koinly is a crypto tax platform that focuses on tracking crypto transactions and helping you generate crypto tax reports.
If your “dividend capture” world is 100% stocks and ETFs, you may never need it. If you also touch crypto, it can be a lifesaver.
“Correct tool. Correct problem.”
Key Features
Crypto transaction organization
The core value: pull in crypto activity and organize it into usable tax data.
Crypto tax calculations and reports
Helps calculate gains/losses and prepare tax reports aligned to crypto activity.
Works alongside your main tax workflow
This is usually a “plug-in” tool: crypto reporting here, then you file via your usual tax software or pro.
Pricing & Access Info
- Pricing: Free preview with paid plans; check site for current pricing
- Login Required? Yes
- Upsells or Ads? Paid plan prompts based on transaction volume and features
Verdict: Great if you need crypto tax reporting. Otherwise, skip it.
Pros & Cons
Pros
- Purpose-built for crypto taxes
- Helps organize messy crypto activity
- Useful add-on to a normal filing workflow
Cons
- Not primarily for dividend capture stock traders
- Overkill if you have little or no crypto
- Paid plans depend on transaction volume
Is It Worth It for Dividend Capture?
Usually no — unless you also trade crypto. This is a crypto tax tool, not a dividend capture workflow tool.
- Worth it if crypto is part of your reality
- Not needed for stock/ETF-only dividend capture
- Pairs with your main tax filing software
Not great for: stock-only traders expecting wash-sale-style trader reporting features for equities.
Who Should Use This Tool?
- Crypto holders and crypto traders
- Investors who need crypto tax reports for filing
- Yield Raiders who also run crypto alongside dividends
Our Verdict
“Koinly is excellent at the thing it’s built for: crypto taxes. If your income is dividends and your trades are stocks, you probably don’t need it. If you touch crypto, it’s a strong add-on.”
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