BlockStats vs Koinly: Which Crypto Tax Software is Best in 2025?

Choosing between BlockStats and Koinly for your crypto tax needs? You're not alone. Both platforms help traders calculate taxes and generate compliant reports, but they take fundamentally different approaches to solving the crypto tax challenge.

 

Koinly has built a solid reputation as an established crypto tax platform with broad integration support and a generous free tier. BlockStats represents the next generation of crypto tax software, combining AI-powered analytics with minute-by-minute pricing data and DeFi-first design.

 

In this comprehensive comparison, we'll examine both platforms objectively across pricing, features, DeFi capabilities, and user experience. Whether you're a casual crypto holder, active DeFi trader, or professional managing multiple portfolios, this guide will help you understand which solution best fits your needs. We'll cover real-world scenarios, pricing breakdowns, and specific examples of how each platform handles complex crypto transactions. By the end, you'll have a clear understanding of which platform can save you more time, money, and stress during tax season.

Koinly Vs Blockstats: Quick Comparison

Here’s the quick comparison on Koinly vs. Blockstats tax software

 

What Koinly Does Well

Before diving into detailed differences, it's important to acknowledge Koinly's strengths. The platform has earned its reputation through several key advantages:

Extensive Integration Library: With 900+ integrations, Koinly covers virtually every major exchange and wallet. This broad coverage makes it easy for users with diverse portfolios to connect all their accounts in one place.

Generous Free Tier: Koinly offers one of the most generous free plans in the industry, allowing users to preview up to 10,000 transactions before committing to a paid plan. This removes risk and allows thorough testing.

Established Track Record: As one of the first major crypto tax platforms, Koinly has processed millions of transactions and built a large community of users and tax professionals who trust the platform.

Multi-Country Support: Koinly supports tax calculations for multiple countries, making it valuable for international traders or those who've moved between jurisdictions.

Strong Documentation: Years of operation have allowed Koinly to build comprehensive guides and support resources for complex tax scenarios.

These strengths have made Koinly a go-to choice for many traders, particularly those with straightforward trading patterns and diverse exchange usage.

What BlockStats Does Differently

While Koinly focuses on broad compatibility and established processes, Blockstats takes a fundamentally different approach designed for today's DeFi-native trading environment:

 

AI-Powered Analytics Beyond Basic Tracking: BlockStats doesn't just calculate your taxes, it provides deep insights into your trading performance, risk exposure, and optimization opportunities. Our AI analyzes your transaction patterns to identify tax-loss harvesting opportunities and portfolio rebalancing strategies that can reduce your tax burden.

Minute-by-Minute Pricing Accuracy: Most platforms, including Koinly, use daily or hourly price snapshots. BlockStats captures price data every minute, which can mean the difference between thousands of dollars in tax liability for active DeFi traders. When you're swapping tokens multiple times per day or providing liquidity across protocols, pricing accuracy matters.

All-in-One Platform Design: Instead of forcing you to use separate tools for portfolio tracking, tax calculation, and performance analytics, BlockStats integrates everything into a single, coherent platform. Track your portfolio performance in real-time, identify tax optimization opportunities, and generate compliant reports, all from one dashboard.

DeFi-First Architecture: BlockStats was built from the ground up to handle complex DeFi transactions. We natively understand liquidity provision, yield farming, governance token distributions, and cross-chain bridges. Where other platforms treat DeFi as an afterthought, we make it our specialty.

Real-Time Cost Basis Optimization: Our platform continuously recalculates your cost basis as new transactions occur, automatically applying the most tax-efficient accounting methods and alerting you to optimization opportunities before you trade.

Koinly Vs Blockstats: Detailed Comparison

Choosing the right crypto tax software can save you thousands in taxes and hours of frustration. We've compared BlockStats and Koinly across pricing, features, DeFi support, and user experience to help you make the best decision for your trading strategy.

Pricing Comparison

 

Feature Comparison Matrix

 

DeFi Capabilities Comparison

 

Technical Specifications

 

Support and Resources Comparison

Why Choose Blockstats over Koinly?

🎯 Choose BlockStats If You:

• Trade DeFi protocols regularly such as Uniswap, Aave, Compound, etc.

• Want portfolio analytics beyond basic tax tracking

• Need precise intra-day cost basis for tax optimization

• Value AI-powered insights and automation

• Prefer all-in-one solutions over multiple tools

• Want to maximize tax efficiency, not just compliance

Key Advantage: BlockStats is the only platform that combines institutional-grade portfolio analytics with crypto tax compliance, specifically designed for today's DeFi trading strategies.

How to Migrate from Koinly to Blockstats ?

Switching from Koinly to BlockStats: A Simple 3-Step Process

1. Export Your Data: Download your complete transaction history from Koinly (we'll show you exactly how)

2. Import to BlockStats: Our migration tool automatically maps your accounts and recalculates cost basis with our superior pricing data

3. Optimize & Verify: Review AI-identified discrepancies and optimization opportunities, then generate your improved tax reports

Migration Support: Every BlockStats plan includes free migration assistance with screen-sharing support to ensure a smooth transition.

Case Study 

Sarah's $3,000 Annual Tax Savings

Sarah, a DeFi yield farmer, was using Koinly for her crypto taxes but noticed her cost basis calculations seemed off for her liquidity provider positions. After switching to BlockStats:

• Before: Overpaid $3,000 annually due to inaccurate LP token cost basis

• After: BlockStats' minute-level pricing and DeFi specialization correctly calculated impermanent loss and yield rewards

• Result: 40% reduction in tax liability plus ongoing optimization suggestions

Key Insight: Better pricing data and DeFi-native calculations can dramatically impact your tax burden, often saving more than enough to justify switching platforms.

Start Your Free BlockStats Trial Today

✅ 14-day free trial, no credit card required

✅ Migration assistance from our specialists

✅ AI-powered tax optimization from day one

✅ Cancel anytime, keep your optimized reports

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Conclusion: Which is better in 2025?

While Koinly offers an excellent, established platform with a generous free tier and multiple integrations, BlockStats addresses the core complexity of modern crypto that are DeFi and pricing accuracy. BlockStats minute-by-minute pricing, native DeFi-first architecture, and AI-powered tax optimization are best in the market. This precision can translate into significant tax savings by correctly calculating complex transactions like impermanent loss and intra-day swaps.

BlockStats provides an all-in-one platform for analytics and offers an advanced solution for maximizing tax efficiency.

 

Try Risk-Free with Our Guarantee:

If BlockStats doesn't save you at least the cost of your subscription in tax optimization, we'll refund your money and help you migrate back to your previous platform.

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Frequently Asked Questions

Can I import my existing Koinly data to BlockStats?

Yes! We provide a seamless migration tool that imports your transaction history, cost basis calculations, and account connections from Koinly. Our migration specialists offer free one-on-one assistance to ensure nothing is lost in the transfer. Most migrations complete within 24 hours.

 

Is BlockStats accurate enough for IRS audits?

Absolutely. BlockStats is designed to exceed IRS requirements for record-keeping and calculation accuracy. Our minute-by-minute pricing data provides more precise cost basis calculations than required, and all reports include detailed transaction trails that satisfy audit requirements. We also maintain partnerships with tax professionals who can provide audit support if needed.

 

How much money can better pricing data save me?

The savings depend on your trading frequency and strategy. Active DeFi traders typically save 15-40% on their tax liability through more accurate cost basis calculations. For example, a trader with $100K in annual volume might save $2,000-8,000 annually just from better pricing accuracy, easily justifying the platform cost.

 

What if I need an integration that BlockStats doesn't have?

While we focus on quality over quantity with our 500+ integrations, we prioritize new integrations based on user demand. We can often add requested integrations within 2-4 weeks. In the meantime, our CSV import tool handles virtually any exchange or wallet format, and our support team provides mapping assistance.

 

Is the learning curve worth switching platforms?

Most users find BlockStats intuitive, especially if they're already familiar with DeFi protocols. The onboarding process includes a personal setup call, and our AI-powered insights actually reduce the complexity of tax calculations compared to manual methods. Users typically become proficient within their first week.