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Crypto accounting · November 2026 Edition

Koinly vs CoinLedger

Zero of fourteen models named Koinly first on the direct prompt; zero named CoinLedger. Koinly was named by fourteen of the fourteen models and CoinLedger by thirteen and Koinly carries 42 labels and CoinLedger 29, so the shares are not directly comparable.

Koinly

accepted challenger

Named in one category this edition.

CoinLedger

accepted challenger

Named in one category this edition.

First-choice share8%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate24%17%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#5#7A position in a field of 13; printed, not drawn.
Labels4229A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Koinly reading right to left. Rank and label count are printed, not drawn.Bitwave was named alongside these two in fourteen of the fourteen direct answers. Bitwave vs Koinly · Bitwave vs CoinLedger · Cryptoworth vs Koinly

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all fourteen models, for a mid-market B2B company; rank is within the category; every quote names the model and the prompt it came from. Both figures come from the crypto accounting page.

By framing

How many of the fourteen models made each the first choice, per way of asking, and how many argued against it.
KoinlyFirst choices, of fourteen modelsCoinLedger
Direct001 against Koinly
Paraphrase00
Comparative51
Budget-constrained411 against Koinly
Scale-constrained001 against Koinly
Negative207 against Koinly · 5 against CoinLedger
Bars are first choices, 0 to 14 each sideModels that argued againstA model can name both, so the two sides of a row do not sum to fourteen.

Across every category in the November 2026 Edition, Koinly and CoinLedger were named in the same answer sixty-four times, of the 107 answers naming Koinly and the 74 naming CoinLedger. In those answers CoinLedger took the first choice two times and Koinly thirteen.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Koinly and CoinLedger stood in it.
ModelDirectParaphraseComparativeBudget-constrainedScale-constrainedNegative
Claude Haiku 4.5
GPT-5.4 mini
Gemini 3.5 Flash
Perplexity Sonar
Grok 4.20
Mistral Small
DeepSeek V4 Flash
Llama 4 Maverick
Qwen 3.7 Flash
Kimi K2
GLM 4.7 FlashX
MiniMax M2.5
GPT-6 Luna
Muse Glimmer 30B
Koinly CoinLedger first choice named as an alternative argued againstblank: not namedEach cell is one answer, Koinly on the left and CoinLedger on the right.

The direct prompt

The plain question, one answer per model, grouped by where Koinly and CoinLedger stood in it.

Neither was named

14 of 14 modelsThe answer made no first choice from these two in this category.
Claude Haiku 4.5Cryptoworth alternatives: Bitwave, Breezing, Sage Intacct, SoftLedger
GPT-5.4 miniCryptoworth alternatives: Bitwave, Cryptio, SoftLedger
Gemini 3.5 FlashBitwave alternatives: Cryptio, Cryptoworth, TRES Finance
Perplexity SonarCryptoworth alternatives: Bitwave, Ledgible, TRES Finance
Grok 4.20Bitwave alternatives: Cryptio, Cryptoworth, SoftLedger
Mistral SmallBitwave, Cryptio alternatives: Cryptoworth
DeepSeek V4 FlashCryptoworth alternatives: Bitwave, Cryptio, Ledgible
Llama 4 MaverickCryptoworth alternatives: Bitwave, Cryptio
Qwen 3.7 FlashBitwave alternatives: Cryptio, TRES Finance
Kimi K2SoftLedger alternatives: Bitwave, Cryptoworth
GLM 4.7 FlashXCryptoworth alternatives: Bitwave, Breezing, Cryptio, Ledgible
MiniMax M2.5Cryptoworth alternatives: Bitwave, Breezing, Cryptio
GPT-6 LunaBitwave alternatives: Cryptio
Muse Glimmer 30BCryptoworth alternatives: Bitwave, Cryptio

Bold names in an answer are the products the judge labeled a first choice; a model naming several gives each of them that label. The full answer text for every row is in the record.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment and they are never added together. The figures above are the mid-market standing, which is the one the category orders by.
Small business
Koinly leads by seven points.
Koinly10%#3 of 12
CoinLedger3%#8 of 12
The full small business standing →
Mid-marketThe figures above
Koinly leads by six points.
Koinly8%#5 of 13
CoinLedger2%#7 of 13
The full mid-market standing →
Enterprise
Level: the same share of first choices.
Koinly0%#11 of 11
CoinLedger0%#10 of 11
The full enterprise standing →

What the models said about Koinly

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of eight in this category shown.

“Koinly, CoinLedger, CoinTracker, ZenLedger, and similar products may work for individual tax reporting, but they generally are not substitutes for a business general ledger” Perplexity Sonar · negative prompt · soft negative
“Multiple users across platforms (including Koinly and CryptoTaxCalculator) report: Slow or non-existent support responses” Kimi K2 · negative prompt · soft negative
“Caution: Use Koinly for basic reporting, but be prepared to spend significant time auditing the data to ensure accuracy.” GLM 4.7 FlashX · negative prompt · soft negative
“Koinly offers a free plan with support for up to 10,000 transactions and over 700 connections... making it an excellent starting point.” Claude Haiku 4.5 · budget prompt · first choice
“For a company with a limited budget, Koinly stands out as one of the best options among crypto accounting/tax platforms.” Grok 4.20 · budget prompt · first choice
“High ratings (~4.5–4.7 on Trustpilot with 2,000+ reviews). Praised for ease, multi-wallet syncing, and tax reports.” Grok 4.20 · negative prompt · first choice

What the models said about CoinLedger

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of eight in this category shown.

“Accuracy & Support Issues ... Users report significant calculation errors” Kimi K2 · negative prompt · hard negative
“In late 2025, CoinLedger experienced a security incident involving one of its analytics vendors (Mixpanel).” GLM 4.7 FlashX · negative prompt · soft negative
“may work for individual tax reporting, but they generally are not substitutes for a business general ledger” Perplexity Sonar · negative prompt · soft negative
“Start with CoinLedger if you want a truly free plan with live chat, CPA-ready exports, and strong audit support.” GLM 4.7 FlashX · comparative prompt · first choice
“CoinLedger ⭐ Best Overall Value ... Start with CoinLedger's free plan” GLM 4.7 FlashX · budget prompt · first choice
“Similar to Koinly; unlimited plans ~$199–$299. Good for high-volume but pay-per-report model keeps it cheap initially.” Grok 4.20 · budget prompt · alternative
Also compared

Comparisons are drawn for the top eight products in each category, each against each. The output is the models' output; nothing here is a recommendation by the index.