DeBank vs Koinly
Side-by-side comparison of features, pricing, ratings, and alternatives.
DeBank is a portfolio tracking platform for Ethereum and other EVM-compatible blockchains, letting users view tokens, LP positions, lending, and staking balances from a single wallet-address dashboard instead of checking each protocol separately. It covers a large range of DeFi protocols across dozens of chains and refreshes balances by reading on-chain data tied to the wallet address entered. Beyond tracking, DeBank includes a social layer where users can follow other wallets and see their public activity, and it is the team behind the separately branded Rabby browser wallet. The core portfolio viewer requires no signup and works by simply searching any public wallet address.
Koinly is crypto tax and portfolio tracking software that imports transaction history from exchanges, wallets, and blockchains, then calculates capital gains, income, and taxes owed. It supports multiple cost-basis methods including FIFO, LIFO, HIFO, and country-specific rules like UK Share Pooling, and it automatically matches transfers between a user's own wallets within a 12-hour window to avoid mistakenly taxing them as sales. The free plan allows unlimited transaction imports and full portfolio tracking, but generating downloadable tax reports such as IRS Form 8949 requires a paid plan, priced from $49 to $279 per tax year depending on transaction volume. Koinly produces localized tax reports for more than 100 countries and integrates with tax filing tools such as TurboTax and TaxAct.
- No signup needed to check any public wallet's portfolio
- Broad coverage of DeFi protocols and EVM chains
- Free to use for core tracking
- Mobile apps available alongside the web dashboard
- Free plan allows unlimited imports to preview gains before paying
- Broad exchange and wallet coverage with automated import
- Supports complex activity like DeFi, staking, and NFTs
- Localized reports for 100+ countries, not just the US
- Focused on EVM chains, limited value for non-EVM ecosystems like Solana or Bitcoin
- Data depends on protocol integrations being current, new or obscure protocols may not show up immediately
- Social feed features add noise for users who only want a plain balance view
- Actual downloadable tax reports require a paid plan even after full import
- Pricing scales with transaction count, which can get expensive for active traders
- Complex DeFi transactions sometimes need manual review to categorize correctly
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The Verdict
AI-generated from listing dataKoinly is the go‑to tool for crypto tax reporting (paid beyond preview), while DeBank offers free, on‑chain portfolio tracking without tax features.
Key differences
- •Koinly generates country‑specific tax reports and supports IRS Form 8949; DeBank does not provide tax filing.
- •DeBank is completely free and requires no account to view any public wallet; Koinly’s full reports need a paid plan.
- •Koinly covers hundreds of exchanges and wallets for import; DeBank only aggregates on‑chain holdings on EVM chains.
- •DeBank includes a social feed and mobile apps; Koinly focuses on tax calculations and export to filing software.
Pricing & value
DeBank is free for all core features; Koinly requires paid plans for downloadable tax reports.
Ease of use / learning curve
DeBank works without signup—just paste a wallet address; Koinly needs account setup and plan selection.
Features & depth
Koinly handles complex DeFi, staking, NFTs, and multiple tax methods; DeBank only tracks balances.
Integrations & ecosystem
Koinly imports from hundreds of exchanges and wallets; DeBank is limited to EVM on‑chain data.
Support
DeBank lists help‑center and community channels; Koinly’s support details not specified.
Security & privacy
Both are closed‑source SaaS products; no open‑source or specific security claims provided.
Scalability
Koinly scales with transaction count (though cost rises); DeBank’s free model may limit heavy on‑chain analytics.
Choose DeBank if…
Users who only want free, quick on‑chain portfolio snapshots on EVM chains.
Choose Koinly if…
Crypto traders needing accurate tax reports and multi‑exchange import.
Common questions
Can I generate a tax report for my US holdings for free?
No; Koinly’s free plan only previews gains. Exportable tax reports require a paid plan.
Do I need to create an account to view my wallet on DeBank?
No; DeBank lets you paste any public wallet address and see balances without signup.
Which tool supports non‑EVM assets like Bitcoin or Solana?
Koinly imports transactions from many exchanges and wallets, including non‑EVM assets; DeBank is limited to EVM chains.