Koinly Review (Australia): Is It the Best ATO Crypto Tax Tool?

What is Koinly?

Koinly is an Australian-founded crypto tax calculator that connects to 800+ exchanges and wallets, applies ATO rules, and produces a report you can drop straight into myTax or hand to your accountant. You can track your portfolio for free and only pay when you download a tax report.

Where Koinly stands out

Coverage and ease of use. It handles crypto-to-crypto trades, the 12-month CGT discount, staking income, airdrops, DeFi and NFTs, and its ATO-specific reports are genuinely ready to lodge. The free tracking tier lets you set everything up before paying.

Pricing

Free to track; paid report tiers start around A$69 per tax year and scale with your number of transactions (verify current pricing).

Our verdict — 9.4/10

The best all-round crypto tax tool for most Australians. If you want an Australia-only tool with built-in tax minimisation, also look at Syla; for the most complex DeFi, compare Crypto Tax Calculator.

General information only, current as a guide to ATO rules — not personal tax advice. Crypto tax depends on your circumstances. Verify with the ATO or a registered tax agent before you lodge.