Arkham vs Koinly

Arkham functions as an on-chain analytics and portfolio intelligence engine designed to deanonymize and aggregate public ledger transactions. The core platform ingests raw block data from major networks including Bitcoin, Ethereum, Arbitrum, Polygon, Avalanche, Optimism, Solana, and TRON, organizing fragmented wallet clusters into identifiable entity dossiers. These profiles span centralized exchanges, market makers, hedge funds, decentralized finance protocols, and prominent individual figures. Users can track composite token holdings, evaluate historical balance trajectories, and examine specific asset inflows across supported ecosystems.

The visual transaction graph, known as the Arkham Visualizer, maps relationships between source addresses, intermediary routing contracts, and destination wallets. Traders and researchers can construct custom dashboards that filter transactions by nominal token value, asset type, timestamp, or protocol category. Additionally, Arkham supports public token contract telemetry, displaying liquidity pools, top token holders, and contract deployer addresses. This depth facilitates rigorous forensic tracking, counterparty risk assessment, and protocol balance monitoring across fragmented distributed environments.

Koinly operates as a cloud-based reporting hub that ingests transaction records across thousands of digital assets, tokens, and non-fungible tokens. The system integrates with major global exchanges like Binance, Coinbase, Kraken, and Bybit through read-only API connectors, alongside dedicated blockchain scrapers for Ethereum, Solana, Bitcoin, Polygon, and dozens of other layer-1 and layer-2 networks. Users simply paste their public wallet addresses or upload standard spreadsheet exports to populate their transaction ledger.

Once imported, the calculation engine identifies transfers between owned accounts, tags staking rewards, flags airdrops, and calculates realized gains or losses against historical fiat market rates. The interface surfaces real-time balance tracking, unrealized profit metrics, and cost-basis distributions across multiple accounts. For decentralized finance participants, the software tracks liquidity pool deposits, token swaps, and yield claims, though complex multi-hop interactions or non-standard automated market maker transactions may require user inspection and custom tag assignment.

Access to the primary Arkham web intelligence platform, standard entity search, visualizer graphing tools, and standard transaction alert setups is structured without mandatory recurring consumer subscription tiers. Users register an account to configure custom dashboards, set threshold alerts via email or webhooks, and query indexed addresses across supported blockchains. Because the core tracking portal operates as an informational data interface rather than a trading venue or asset custodian, it does not charge transaction spreads, asset deposit fees, or network withdrawal surcharges.

For enterprise institutions requiring high-throughput API endpoints, tailored attribution pipelines, and low-latency programmatic access, Arkham arranges commercial data agreements. The network also utilizes the native ARKM utility token within its broader intelligence marketplace ecosystem, where users submit bounties or acquire exclusive analytical intelligence. Platform revenue stems from institutional licensing, commercial partnerships, and affiliated operational services. Retail analysts monitoring public wallet portfolios encounter minimal direct overhead, making the software accessible for routine on-chain research.

Koinly structures its commercial pricing around yearly tax reports rather than recurring monthly platform access. The baseline free plan allows individuals to connect unlimited wallets, review portfolio allocations, and preview estimated capital gains without entering payment information. However, exporting official tax schedules, Form 8949 documents, or specialized international filings requires purchasing a single tax year plan that matches the user's total transaction volume for that period.

Paid tiers start at entry-level pricing for low-volume accounts handling up to 100 transactions, scaling upward to mid-tier options covering 1,000 transactions, and premium tiers accommodating 10,000 or more records. Additional transaction packages can be added for high-volume trading accounts. Users should note that licenses apply per tax year, meaning historical amendments or subsequent annual filings require separate package purchases, although existing reports can be regenerated freely if transactions within that specific year are adjusted.

Arkham maintains a non-custodial operational model for its intelligence and portfolio tracking application. Users never upload private keys, grant seed phrases, or provide custodial account authorization to track wallet balances or view transaction flows. All portfolio calculations derive entirely from public blockchain data indexed by Arkham's parsing infrastructure. This architecture prevents protocol-level asset compromise within the analytics suite, as the platform cannot initiate transfers or alter on-chain smart contract state.

Account security for the web application is managed through standard access controls, including encrypted authentication credentials, session monitoring, and multi-factor verification options. Users tracking specific internal wallets or configuring private counterparty tags manage those settings under isolated user accounts. While Arkham employs automated clustering algorithms to associate anonymous addresses with real-world organizations, identity labels remain analytical attributions subject to algorithm updates and manual verification adjustments. The platform does not claim absolute protection against tracking errors, making dual verification prudent for critical operational compliance workflows.

Because Koinly functions strictly as an accounting and tracking service, it does not provide custodial storage or hold user funds. The platform operates on a zero-custody framework, eliminating direct exposure to private keys or withdrawal authority. When connecting centralized exchange accounts, users generate read-only API credentials that explicitly disable trading and fund withdrawal permissions, ensuring that credentials cannot execute asset movements or manipulate balances. This structural separation keeps user assets under personal control across external wallets and connected platforms.

Account security relies on standard operational helps protect, including mandatory email confirmation protocols and optional two-factor authentication via authenticator apps. Stored transactional data and API keys are encrypted at rest and during transit between systems. While the platform stores historical transaction records, public addresses, and balance snapshots to generate tax schedules, users retain control over connected data sources. Subscribers can disconnect individual API integrations, delete specific transaction batches, or purge their complete account profile at any time through standard account preferences.

The Arkham intelligence interface is accessible globally across modern web browsers without standard geographical restrictions for read-only blockchain queries. Users must agree to standard terms of service that prohibit malicious scraping, distributed denial-of-service attempts, and platform abuse. Because the core product provides informational analytics on public ledger transactions, general access does not require standard financial identity verification. However, distinct affiliated products or associated trading ventures may impose regional eligibility boundaries and compliance screening under applicable local jurisdictions.

Customer assistance is delivered primarily through documentation portals, community discussion channels, developer resources, and direct support ticketing. Response times vary depending on query complexity, with enterprise API clients receiving prioritized technical routing under specific service terms. The documentation outlines query syntax, visualizer controls, and alert payload configurations, helping researchers optimize their monitoring pipelines. For general users, community forums and official knowledge bases serve as the primary resource for troubleshooting dashboard views or addressing balance discrepancy reports.

Koinly supports crypto tax compliance across more than twenty formal jurisdictions, offering dedicated reporting formats tailored to local tax authorities. For taxpayers in the United States, the platform exports IRS Form 8949, Schedule D, and comprehensive capital gains summaries compatible with popular tax software like TurboTax and TaxAct. Similarly, users in the United Kingdom, Canada, Australia, Germany, France, and other territories can generate localized reports adhering to specific local calculation rules.

Customer assistance is provided primarily through an in-app help center, searchable documentation libraries, and ticketed email support, with live chat options available depending on plan tier and team availability. Response times may lengthen during peak tax filing seasons in major markets. The platform also offers an accountant portal, allowing certified public accountants and tax professionals to access client accounts directly, adjust cost-basis tags, and review reconciliation warnings before final submission.