Cryptoworth vs Koinly Comparison: Everything You Need to Know Before Choosing

Cryptoworth is crypto accounting and financial management software built for organisations that hold, transact in or account for digital assets and need their blockchain activity to meet the same standards as the rest of their books. Reconciling on-chain activity manually is close to impossible at any volume: transactions span many blockchains, wallets, exchanges and custodians, each with different data formats, and a single DeFi interaction can generate multiple taxable events. Cryptoworth connects to hundreds of blockchains, exchanges and wallet providers through APIs and direct node access, pulls transaction history automatically, and normalises it into a single ledger. Transactions are classified, matched and reconciled against internal records, with rules that handle recurring patterns automatically so the accounting team reviews exceptions rather than every line. The platform's accounting logic is built for finance professionals rather than traders. Cost basis is tracked using recognised methods including FIFO, LIFO and weighted average, applied consistently across assets and periods, and the system calculates realised and unrealised gains and losses, impairment, and fair value movements for reporting. Support extends to the complexities that break simpler tools: staking rewards, liquidity pool positions, lending and borrowing, NFTs, token swaps, airdrops, gas fees and transfers between an organisation's own wallets, which must not be treated as disposals. Period-end close produces journal entries that export directly into general ledger systems such as QuickBooks, Xero, NetSuite and Sage, so crypto activity lands in the statutory accounts rather than sitting in a parallel spreadsheet. Tax reporting, audit trails and supporting documentation are generated to a standard that external auditors can test, which is the practical reason most customers adopt the product. Typical users are crypto-native businesses, funds, exchanges, Web3 companies, corporate treasuries holding digital assets, and the accounting firms serving them. Pricing starts from around USD 99, with a free trial available and no free version.