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Crypto accounting · November 2026 Edition

Koinly vs SoftLedger

Zero of fourteen models named Koinly first on the direct prompt; one named SoftLedger. Koinly was named by fourteen of the fourteen models and SoftLedger by eleven and Koinly carries 42 labels and SoftLedger 18, so the shares are not directly comparable.

Koinly

accepted challenger

Named in one category this edition.

SoftLedger

accepted challenger

Named in three categories this edition.

First-choice share8%4%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate24%6%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#5#6A position in a field of 13; printed, not drawn.
Labels4218A 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 SoftLedger · 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 modelsSoftLedger
Direct011 against Koinly
Paraphrase01
Comparative50
Budget-constrained401 against Koinly · 1 against SoftLedger
Scale-constrained001 against Koinly
Negative207 against Koinly
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 SoftLedger were named in the same answer twenty-three times, of the 107 answers naming Koinly and the 72 naming SoftLedger. In those answers SoftLedger took the first choice one time and Koinly five.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Koinly and SoftLedger 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 SoftLedger first choice named as an alternative argued againstblank: not namedEach cell is one answer, Koinly on the left and SoftLedger on the right.

The direct prompt

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

SoftLedger first, Koinly not the choice

1 of 14 modelsKoinly was named in the answer but not as the choice, or not at all.
Kimi K2SoftLedger alternatives: Bitwave, Cryptoworth

Neither was the first choice, one was named

3 of 14 modelsThe answer put something else first and named one of the two as an alternative.
Claude Haiku 4.5Cryptoworth alternatives: Bitwave, Breezing, Sage Intacct, SoftLedger
GPT-5.4 miniCryptoworth alternatives: Bitwave, Cryptio, SoftLedger
Grok 4.20Bitwave alternatives: Cryptio, Cryptoworth, SoftLedger

Neither was named

10 of 14 modelsThe answer made no first choice from these two in this category.
Gemini 3.5 FlashBitwave alternatives: Cryptio, Cryptoworth, TRES Finance
Perplexity SonarCryptoworth alternatives: Bitwave, Ledgible, TRES Finance
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
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 nine points.
Koinly10%#3 of 12
SoftLedger2%#10 of 12
The full small business standing →
Mid-marketThe figures above
Koinly leads by four points.
Koinly8%#5 of 13
SoftLedger4%#6 of 13
The full mid-market standing →
Enterprise
The order flips: SoftLedger leads at enterprise.
SoftLedger4%#3 of 11
Koinly0%#11 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 SoftLedger

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

“What to Avoid ... SoftLedger ($749/mo) ... overkill for limited budgets” Kimi K2 · budget prompt · hard negative
“For a typical mid-sized B2B company, I'd suggest starting with SoftLedger” MiniMax M2.5 · paraphrase prompt · first choice
“SoftLedger ⭐ Best Overall for Mid-Market” Kimi K2 · direct prompt · first choice
“SoftLedger takes a fundamentally different approach: it *is* the accounting system, designed for crypto-native companies” Claude Haiku 4.5 · direct 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.