Crypto accounting · October 2026 Edition
Bitwave vs Koinly
Five of fourteen models named Bitwave first on the direct prompt; zero named Koinly. Both were named by all fourteen models and Bitwave carries 45 labels and Koinly 36, so the shares are not directly comparable.
Named in two categories this edition.
Named in one category this edition.
First-choice share27%11%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate13%31%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#1#4A position in a field of 14; printed, not drawn.
Labels4536A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Bitwave reading right to left. Rank and label count are printed, not drawn.Cryptio was named alongside these two in nine of the fourteen direct answers. Bitwave vs Cryptoworth · Bitwave vs Breezing · Bitwave vs Cryptio
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.
BitwaveFirst choices, of fourteen modelsKoinly
Direct501 against Bitwave · 1 against Koinly
Paraphrase602 against Bitwave · 1 against Koinly
Comparative641 against Koinly
Budget-constrained063 against Bitwave · 1 against Koinly
Scale-constrained402 against Koinly
Negative125 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 October 2026 Edition, Bitwave and Koinly were named in the same answer forty-six times, of the 159 answers naming Bitwave and the 89 naming Koinly. In those answers Koinly took the first choice eleven times and Bitwave sixteen.
Every model, every framing
The eighty-four answers behind the chart above, one cell each: where Bitwave and Koinly stood in it.
| Model | Direct | Paraphrase | Comparative | Budget-constrained | Scale-constrained | Negative |
|---|---|---|---|---|---|---|
| Claude Haiku 4.5 | | | | | ||
| GPT-5.4 mini | | | | | ||
| Gemini 3.5 Flash | | | | | | |
| Perplexity Sonar | | | | | | |
| Grok 4.1 Fast | | | | | | |
| 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 | | | | | |
Bitwave Koinly first choice named as an alternative argued againstblank: not namedEach cell is one answer, Bitwave on the left and Koinly on the right.The direct prompt
The plain question, one answer per model, grouped by where Bitwave and Koinly stood in it.
Bitwave first, Koinly not the choice
5 of 14 modelsKoinly was named in the answer but not as the choice, or not at all.Gemini 3.5 FlashBitwave alternatives: Cryptio, Cryptoworth, TRES Finance
Grok 4.1 FastBitwave alternatives: Cryptio, Cryptoworth
DeepSeek V4 FlashBitwave alternatives: Cryptio, Cryptoworth, Ledgible
GLM 4.7 FlashXBitwave alternatives: CoinTracker, Cryptio, Cryptoworth, Ledgible
GPT-6 LunaBitwave alternatives: Cryptio, Ledgible
Neither was the first choice, one was named
6 of 14 modelsThe answer put something else first and named one of the two as an alternative.Claude Haiku 4.5Cryptoworth alternatives: Bitwave, Breezing, Cryptio
GPT-5.4 miniCryptio alternatives: Bitwave, SoftLedger
Perplexity SonarCryptio alternatives: Bitwave, CryptaCount, Ledgible, TRES Finance
Qwen 3.7 FlashCryptaCount alternatives: Bitwave
Kimi K2Cryptoworth, Ledgible alternatives: Bitwave, TRES Finance
Muse Glimmer 30BCryptoworth alternatives: Bitwave, Cryptio, Ledgible
Neither was named
3 of 14 modelsThe answer made no first choice from these two in this category.Mistral SmallCryptoworth alternatives: CryptaCount
Llama 4 MaverickCryptaCount alternatives: Ledgible
MiniMax M2.5CryptaCount, Ledgible alternatives: Node40
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
Mid-marketThe figures above
The order flips: Bitwave leads at mid-market.
Bitwave27%#1 of 14Koinly11%#4 of 14Enterprise
Bitwave leads by fifty-seven points.
Bitwave57%#1 of 11Koinly0%#11 of 11What the models said about Bitwave
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of eight in this category shown.
“Bitwave (custom quote, enterprise only)” DeepSeek V4 Flash · budget prompt · hard negative
“such as Bitwave (starting at ~$5,000/month) ... are designed for enterprises and are far too expensive for startups or small-to-medium businesses” Gemini 3.5 Flash · budget prompt · soft negative
“positioned for larger/regulated firms—might be overkill/pricey (quote-based) for mid-sized” Grok 4.1 Fast · paraphrase prompt · soft negative
“Bitwave is the strongest choice if your business needs controlled digital-asset accounting across wallets, exchanges, entities, and ledgers” Muse Glimmer 30B · comparative prompt · first choice
“Bitwave (Strongest overall for mid-market B2B) ... Why #1 pick? Balances power and usability for B2B ops without excessive complexity.” Grok 4.1 Fast · direct prompt · first choice
“Bitwave or SoftLedger are the top recommendations due to their scalability, ERP integrations, and focus on mid-market needs” Mistral Small · paraphrase prompt · first choice
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.
“Avoid consumer tools (ZenLedger/Koinly – tax-only, not full accounting).” Grok 4.1 Fast · direct prompt · hard negative
“Be Cautious With—Not Avoid Completely ... rated poorly by professional accountants because they frequently misclassify complex transactions” Qwen 3.7 Flash · negative prompt · soft negative
“the requirements shift away from "retail" crypto apps (like standard Koinly)” Qwen 3.7 Flash · paraphrase prompt · soft negative
“For the most budget-conscious choice, Breezing or Koinly's free tier would be ideal starting points.” Claude Haiku 4.5 · budget prompt · first choice
“If you're just starting and volume is low: Try Koinly (free plan) or Cryptoworth (free basic plan).” GLM 4.7 FlashX · budget prompt · first choice
“the best starting point is usually Koinly for crypto accounting/tax tracking” GPT-5.4 mini · budget prompt · first choice
Also compared
Bitwave vs CryptoworthBitwave vs BreezingBitwave vs CryptioBitwave vs LedgibleBitwave vs CoinLedgerBitwave vs SoftLedgerCryptoworth vs KoinlyBreezing vs KoinlyKoinly vs CryptioKoinly vs LedgibleKoinly vs CoinLedgerKoinly vs SoftLedgerAll twenty-eight head-to-head pages and the full crypto accounting standing
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.