Clarification on how pricing works please

Koinly Support
#1

So, I’ve read the “How pricing works at Koinly” article and I think I’ve understood it correctly but still don’t quite understand what Koinly is saying I should purchase, could use some clarification please.

tl;dr

Conclusion says it all :sweat_smile:

Question 1 - Buying the First Plan

  • I started with crypto end of 2020 and only have just under 200 transactions. Hodler obviously.
  • For 2021 there are about 4,700 transactions, so I’d need a Pro plan and that’s what Koinly offers me.

So far so good but this is where the fun begins…

  • 2022 has 11,100 transactions, so if I start from here Koinly says I’d need a Pro plan plus 2000 extra, so 12,000 in total. But what’s with the 4,900 transactions from 2020 and 2021, don’t they need to be covered too?
  • 2023 brings 7,300 new transactions and this is where I’m confused because Koinly says I’d need a Pro plan plus 13,000.

According to the “How pricing works at Koinly” article I’expect to need a Pro plan plus 14,000 to cover the 23,000+ transactions from 2020-2023. Leaving aside the fact Koinly suggests 13k rather than 14k what I really don’t understand from this is why the suggestion for 2022 seems to be ignoring transactions from earlier years.

Perhaps this inconsistency is just a UI bug though and in fact I’ve understood correctly?

Question 2 - Buying Subsequent Plans

Now, assuming I bough a Pro plan for 2021 I’d have my 4900 transactions covered obviously but do the unused transactions carry forward to 2022? Put another way, if I buy another Pro plan for 2022, I’d then have a total contingent of 20,000 transactions? So that would easily cover my 16.9k and I wouldn’t need to buy any extra ?

Question 3 - Unused Transactions

Taking that logic a step further, imagine I go on and buy a Pro plan for 2023 I’d then have a total limit of 30k to cover 23k transaction between 2020-2023. So I’d still have an unused contingent of 7k. And lets say I do 9k transactions in 2024. Does that mean that I’d be able to just buy a Trader plan for 2024, increasing my overall limit from 30k to 33k?

Conclusion

Bottom line is, am I correct in understand that my overall limit grows over time? I won’t find myself paying more and more every year, repeatedly paying for the transactions of years gone by?

The first plan I buy needs to cover all transactions of years gone by but subsequent Plans will only need to cover the transactions between the last purchased plan and itself?

1 Like
#2

Hey @Richxyz

Yes, the overall limit grows with every purchase and the first plan you buy needs to cover them all.

It gets a little confusing for users who are new to Koinly, and only want to report for 2023 for example, but have a ton of data for historical years. This data as you know, is required to accurately calculate your gains so we ask that you cover this.

Using Koinly year on year will of course unlock transactions with each year. I am a little hesitant to rule out the potential of a bug in the UI regarding the 13/14k issue- so for that reason I would ask that you email us on [email protected] so that our accounts team can verify, and also answer any other questions you may have :+1:

2 Likes
#5

I think I’ve found out the reason why the number of additional transactions being indicated wasn’t making sense. I think I’d clicked a few times on the +/- buttons, just playing around and it seems like the app remembers what I’d set it to. Classic case of “Not a bug, it’s a feature!” :smiley:

1 Like
#4

Perfect. Thanks, both of you!

Yes, it makes absolute sense too. Just wanted to make absolutely sure I’ve understood correctly :slightly_smiling_face:

2 Likes
#6

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