Comparison
Clarity vs Koinly
Koinly is stronger for standalone crypto tax filing — it supports more cost basis methods, more country-specific report formats, and has been doing it longer. Clarity is better when you want crypto taxes inside the same product that tracks your banks, investments, spending, and net worth year-round.
TL;DR
TL;DR
Koinly is stronger for standalone crypto tax filing — it supports more cost basis methods, more country-specific report formats, and has been doing it longer. Clarity is better when you want crypto taxes inside the same product that tracks your banks, investments, spending, and net worth year-round.
3.8/5
Clarity avg (6 wins)
3.2/5
Koinly avg (2 wins)
Rubric comparison
Each criterion scored 0-5 with evidence sources.
| Criterion | Clarity | Koinly |
|---|---|---|
Account Coverage | 5/5 | 3/5 |
Sync Reliability | 4/5 | 3/5 |
Setup Time | 4/5 | 3/5 |
Pricing Predictability | 4/5 | 2/5 |
Data Freshness | 4/5 | 3/5 |
Historical Depth | 3/5 | 5/5 |
Export & Reporting | 4/5 | 5/5 |
Privacy & Security | 4/5 | 3/5 |
Developer Experience | 2/5 | 2/5 |
Detailed breakdown
Export & Reporting
Your data should be portable. Tax season, accountant handoffs, and audits require clean exports.
Clarity
Clarity handles crypto cost basis with FIFO tracking and wash-sale detection, and those numbers live alongside your brokerage performance, monthly spending breakdown, and net-worth history. One export captures the full picture.
Koinly
Koinly is a dedicated crypto tax engine — and it is genuinely better at the pure tax job. It supports FIFO, LIFO, HIFO, ACB, and share pooling. It generates localized reports for over 20 countries. It imports directly into TurboTax. If your only job is crypto tax compliance, Koinly goes deeper than Clarity does today.
Bottom line
Pick Koinly if crypto taxes are your primary concern and you need international report formats. Pick Clarity if you want crypto taxes inside a product you use year-round for your entire financial life.
Pricing Predictability
Hidden fees, usage tiers, and surprise price hikes erode trust.
Clarity
Clarity charges $99/year for everything — portfolio tracking, crypto taxes, budgets, AI, market data. No transaction caps. Whether you made 50 trades or 5,000, the price is the same.
Koinly
Koinly charges per tax year based on transaction volume. The Trader tier for 3,000+ transactions is $179 per year. Filing 3 years of back taxes? That is $537+ — more than five years of Clarity. And Koinly's pricing has increased over time with no documented cap.
Bottom line
Koinly may be cheaper for a single quiet tax year. Clarity is cheaper for ongoing use and for active traders filing across multiple years.
Historical Depth
Shallow history limits tax reporting, trend analysis, and cost basis calculations.
Clarity
Clarity imports up to 24 months of bank and brokerage history from connected institutions and tracks crypto from the connection date forward. Historical depth is good for ongoing tracking, but it is not designed for deep retroactive tax archaeology.
Koinly
This is where Koinly genuinely shines. Users routinely import 5+ years of exchange data, and Koinly reconstructs cost basis across every trade, transfer, and DeFi interaction. If you need to go back to 2017 and figure out the cost basis of tokens you forgot you bought, Koinly is built for that job.
Bottom line
Koinly wins on historical depth for crypto tax reconstruction. Clarity wins on breadth — your crypto history sits next to your bank, brokerage, and spending history.
Trust, legal, and source notes
These notes call out source-backed privacy, terms, and incident details that matter during evaluation.
Per-tax-year pricing compounds for multi-year filers
Koinly charges separately for each tax year filed, from $49 (100 transactions) to $279 (10,000 transactions). Users filing multiple years — common for traders who deferred crypto tax compliance — face cumulative costs that can exceed $500-$800 across three years.
Koinly PricingWho should choose what
Choose Clarity if…
Users who want crypto cost basis alongside their 401(k) performance, monthly spending, and total net worth — one product for the full financial picture.
- Hybrid investors with both traditional and crypto assets
- Privacy-conscious users who want BYOK AI and full data deletion
- Users who need a single net worth view across all accounts
- Crypto holders who need cost basis tracking for taxes
Choose Koinly if…
Crypto traders who need localized tax reports for the UK (SA108), Australia (ATO), Canada (Schedule 3), or other international jurisdictions.
- Crypto traders who need tax reports for multiple jurisdictions
- International users in the UK, Australia, Canada, or Europe
- Users with high transaction volumes across many exchanges and wallets
How to switch
- 1Create a Clarity account and connect your bank and brokerage accounts via Plaid — this is what Koinly does not cover.
- 2Add the same exchange API keys and wallet addresses you used in Koinly.
- 3Compare crypto balances and recent cost basis numbers between both products.
- 4Keep Koinly for historical tax filing if needed. Use Clarity as the daily financial dashboard going forward.
Frequently asked questions
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Sources are linked above and in each rubric row.
Try the app these pages are about
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Try the app these pages are about
14-day free trial. No credit card. Connect your accounts in under 5 minutes and see your real net worth across banks, crypto, and investments.