# Koinly Review Australia 2026 — Crypto Tax Made Simple
If you buy, sell, or trade crypto in Australia, every transaction is a potential capital gains tax event. The ATO expects you to track every trade, calculate every gain and loss, and report it accurately on your tax return. With CARF reporting now live, exchanges are sharing your data with the ATO whether you report or not.
Doing this manually across multiple exchanges, DeFi protocols, and wallets is a nightmare once you have more than a handful of trades. Koinly exists to solve that problem — it connects to your accounts, imports your transactions, calculates your capital gains, and generates ATO-compliant tax reports.
After testing it across multiple exchanges and transaction types, Koinly is the crypto tax tool I’d recommend to most Australian users. It’s not perfect, but it handles the broadest range of integrations with the cleanest interface.
Verdict: 4 / 5
The best all-round crypto tax tool for Australians. 800+ exchange integrations, 170+ wallet support, 7,000+ DeFi protocols, and ATO-compliant report generation. Free tracking for up to 10,000 transactions. Paid reports from ~$69 AUD per tax year. The main limitation is that complex DeFi categorisation sometimes requires manual correction.
How it works
The setup is straightforward:
The free tier lets you track up to 10,000 transactions across all connected accounts. You can see your portfolio, track gains and losses, and review categorisation — all without paying. You only pay when you want to generate the actual tax report.
What Koinly does well
Breadth of integrations. 800+ exchanges and 7,000+ DeFi protocols. If you use multiple platforms — and most active traders do — Koinly probably supports all of them. This is its biggest advantage over competitors.
ATO-compliant reports. The generated reports follow Australian tax rules, including FIFO cost base method, the 50% CGT discount for assets held 12+ months, and proper categorisation of income vs capital gains.
Clean interface. The dashboard gives you a clear overview of your portfolio, unrealised gains, realised gains, and income — across all connected accounts.
The free tier is genuinely useful. 10,000 transactions for free tracking means you can test Koinly fully before deciding to pay.
Where Koinly falls short
Complex DeFi sometimes needs manual correction. Liquidity pool entries, wrapped tokens, bridged assets, and multi-step DeFi interactions don’t always categorise correctly. If you’re deep into DeFi, you’ll spend time cleaning up.
Pay-per-year pricing can add up. If you need reports for multiple tax years (catching up on past years), each year is a separate payment.
No real-time tax optimisation. Koinly shows you what’s happened. It doesn’t proactively suggest tax-loss harvesting opportunities or alert you when you’re approaching the 12-month CGT discount threshold on a position.
Pricing
| Plan | Transactions | Price (per tax year) |
|---|---|---|
| Free | 10,000 tracking | $0 |
| Newbie | 100 | ~$69 AUD |
| Hodler | 1,000 | ~$149 AUD |
| Trader | 3,000 | ~$279 AUD |
| Pro | 10,000+ | ~$399 AUD |
Prices are approximate and may vary. The plan you need depends on your transaction count, not your portfolio size.
Koinly vs Summ (CryptoTaxCalculator)
Summ (formerly CryptoTaxCalculator) is the main Australian alternative. It’s locally made with 2,500+ DeFi integrations and official partnerships with Coinbase and MetaMask.
Koinly is better for: broader exchange support, cleaner interface, flexible pay-per-year pricing, most users.
Summ is better for: complex DeFi/NFT categorisation, users deep in multi-chain DeFi.
Recommendation: Try both free tiers with your actual transaction data. See which handles your specific history more cleanly before paying.
FAQ
Is Koinly free?
Free for tracking up to 10,000 transactions. Tax report generation requires a paid plan starting at ~$69 AUD per tax year.
Does Koinly work with Australian exchanges?
Yes. Supports Swyftx, CoinSpot, Kraken, Binance, Bybit, and 800+ other exchanges via API or CSV.
Is Koinly ATO-compliant?
Yes. Reports follow Australian tax rules including FIFO, CGT discount, and proper income/capital gains categorisation.
Should I use Koinly or an accountant?
For straightforward situations (a few exchanges, mostly buy/hold/sell), Koinly can generate your ATO report directly. For complex situations (DeFi, SMSF, business structures), use Koinly to organise your data, then hand the report to an accountant.
