TrueHold vs Koinly: an honest side-by-side
Koinly is tax software for 20+ countries with 800+ integrations. TrueHold is the daily tracker for perps, DeFi and exchanges, exporting a tax-ready CSV.
Koinly is the tax tool for people outside the US as much as inside it: reports for 20+ countries, from Form 8949 and Schedule D to ATO, HMRC and CRA formats, on top of 800+ exchange and wallet integrations, DeFi, staking and NFTs. Its free plan tracks a portfolio up to 10,000 transactions. TrueHold is not a tax tool. It is the tracker for every day, reading perp DEXes and DeFi as positions, and it exports a tax-ready CSV for Koinly or an accountant.
If your jurisdiction needs a specific report, Koinly likely produces it. If you need to know your exposure tonight, TrueHold is built for tonight.
Side by side
What it is
Koinly
“Free Crypto Tax Software” that also tracks a portfolio: holdings, ROI and growth over time.
TrueHold
An AI-native financial and DeFi platform for modern capital. Live today in private beta: the portfolio tracker for wallets, exchanges, DeFi, perps, prediction markets and NFTs in one total, with an AI agent grounded in your own data.
Custody and trading
Koinly
Read-only: exchange API keys or CSV, wallets by public address. Does not hold assets.
TrueHold
Never holds or moves assets. No trading, no swaps, no staking from the app: read-only API keys and public addresses only.
Exchanges
Koinly
Among “800+ exchanges and wallets”, connected by API or CSV.
TrueHold
Binance, OKX, Bybit, Kraken, Coinbase, Bitget, Gate, MEXC, BingX, Backpack and 500+ more through API keys. Futures, margin and earn balances included.
Wallets and chains
Koinly
Blockchain wallets by public address, transfers between your own wallets tracked with their cost basis.
TrueHold
Any public address on 180+ chains: EVM family, Solana, Tron, TON, Bitcoin and the UTXO set. Hardware wallets by address, never connected.
Perp DEXes
Koinly
Its site has a Hyperliquid integration page, built for tax import.
TrueHold
Hyperliquid read by address, Lighter through a read-only token: positions, funding and PnL. Exchange futures through the same key as spot.
DeFi positions
Koinly
Staking, lending and liquidity provision imported for tax: Solana staking, Curve lending, Uniswap liquidity named.
TrueHold
LP shares, lending balances, staked and restaked positions decoded by protocol across 70+ chains and counted into the total.
Prediction markets
Koinly
Not mentioned on the pages we checked.
TrueHold
Polymarket by address and Kalshi by API key, counted as the positions they are.
NFTs
Koinly
NFT transactions imported for tax.
TrueHold
Tracked next to tokens, valued at floor and marked as floor.
Taxes
Koinly
The core product: Form 8949 and Schedule D, ATO, HMRC, CRA, TurboTax reports and more, for 20+ countries. Downloading reports is paid.
TrueHold
Tax-ready CSV exports (cost basis, realized PnL, transfers, DeFi events) in Premium. No tax forms; the CSV goes to your accountant or tax tool.
AI
Koinly
Not mentioned on the pages we checked.
TrueHold
An agent that reads your own portfolio: what changed, why PnL moved, what a position is. Grounded in your data, not the open web.
Platforms
Koinly
Web app.
TrueHold
Web app.
Free tier
Koinly
Portfolio tracking free up to 10,000 transactions; report downloads are paid.
TrueHold
Tracking is free: every connection, balance, history and PnL. Premium adds the exports.
| What matters | Koinly | TrueHold |
|---|---|---|
| What it is | “Free Crypto Tax Software” that also tracks a portfolio: holdings, ROI and growth over time. | An AI-native financial and DeFi platform for modern capital. Live today in private beta: the portfolio tracker for wallets, exchanges, DeFi, perps, prediction markets and NFTs in one total, with an AI agent grounded in your own data. |
| Custody and trading | Read-only: exchange API keys or CSV, wallets by public address. Does not hold assets. | Never holds or moves assets. No trading, no swaps, no staking from the app: read-only API keys and public addresses only. |
| Exchanges | Among “800+ exchanges and wallets”, connected by API or CSV. | Binance, OKX, Bybit, Kraken, Coinbase, Bitget, Gate, MEXC, BingX, Backpack and 500+ more through API keys. Futures, margin and earn balances included. |
| Wallets and chains | Blockchain wallets by public address, transfers between your own wallets tracked with their cost basis. | Any public address on 180+ chains: EVM family, Solana, Tron, TON, Bitcoin and the UTXO set. Hardware wallets by address, never connected. |
| Perp DEXes | Its site has a Hyperliquid integration page, built for tax import. | Hyperliquid read by address, Lighter through a read-only token: positions, funding and PnL. Exchange futures through the same key as spot. |
| DeFi positions | Staking, lending and liquidity provision imported for tax: Solana staking, Curve lending, Uniswap liquidity named. | LP shares, lending balances, staked and restaked positions decoded by protocol across 70+ chains and counted into the total. |
| Prediction markets | Not mentioned on the pages we checked. | Polymarket by address and Kalshi by API key, counted as the positions they are. |
| NFTs | NFT transactions imported for tax. | Tracked next to tokens, valued at floor and marked as floor. |
| Taxes | The core product: Form 8949 and Schedule D, ATO, HMRC, CRA, TurboTax reports and more, for 20+ countries. Downloading reports is paid. | Tax-ready CSV exports (cost basis, realized PnL, transfers, DeFi events) in Premium. No tax forms; the CSV goes to your accountant or tax tool. |
| AI | Not mentioned on the pages we checked. | An agent that reads your own portfolio: what changed, why PnL moved, what a position is. Grounded in your data, not the open web. |
| Platforms | Web app. | Web app. |
| Free tier | Portfolio tracking free up to 10,000 transactions; report downloads are paid. | Tracking is free: every connection, balance, history and PnL. Premium adds the exports. |
Where Koinly wins
- Reports for 20+ countries: If you file outside the US, Koinly likely has your format. TrueHold exports a CSV and lets the accountant do the rest.
- Cost basis across transfers: Transfers between your own wallets keep their original cost basis, the detail most tools break.
- 800+ integrations: A long tail of exchanges and wallets accumulated over years.
- Tax-loss harvesting: See the impact of selling before the tax year ends.
Where TrueHold wins
- Built for every day: Live balances and PnL across wallets and exchanges rather than a year-end reconciliation.
- Perp DEXes: Open Hyperliquid positions read by address and Lighter positions through a read-only token, with funding and PnL, shown live next to exchange futures.
- DeFi as positions: LP shares, lending and staking decoded and priced into one total.
- An agent on your data: Questions about the portfolio answered from your own positions and history.
The question that decides it
Ask what you open the tool for. If the answer is a report you file once a year, Koinly is the better product and TrueHold is not competing with it. If the answer is the number you check before deciding anything, TrueHold is the tracker and Koinly is where its export goes in April.
Running both is the normal setup for anyone with DeFi or perp exposure: the tracker sees the positions, the tax tool sees the transactions.
Frequently asked questions
Does TrueHold replace Koinly for taxes?
No. TrueHold exports a tax-ready CSV with cost basis, realized PnL, transfers and DeFi events; Koinly or an accountant turns that into a filed report.
Does Koinly track perp DEXes?
Koinly’s site has a Hyperliquid integration page; check it for what it imports. TrueHold reads Hyperliquid by address and Lighter through a read-only token.
Is Koinly free?
Tracking is free up to 10,000 transactions; downloading tax reports is paid.
Can I use both?
Yes. Both are read-only. Use a separate exchange API key per tool so revoking one never touches the other.
See your whole portfolio in one view
TrueHold is an AI-native financial and DeFi platform for modern capital. Paste a wallet or link an exchange to see every chain in one view, free.
Open TrueHold →More comparisons
Keep reading
Oct 15, 2026 · 5 min read
Crypto portfolio trackers that shut down, and where their users went
Zapper, DappRadar, Step Finance, Shrimpy, Blockfolio: the tracking tools that closed, when they closed, and where their users can go now, by job.
Oct 2, 2026 · 5 min read
Lighter vs Hyperliquid: fees, funding and how to track both
Lighter and Hyperliquid compared on trading fees, funding caps and what each shows by address, plus how to keep positions on both in one total.