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Declaring crypto tax in Sweden can feel like a unique headache. You have to wrestle with the Swedish Tax Agency's (Skatteverket) rules and create a perfect K4 form. The market for tax tools is confusing; how do you choose the right tool specifically for Sweden?
We can safely tell you that you don't need to worry. This article compares all crypto tax services to see which one suits you best. Let's get started!
A Quick Comparison:
| Feature | Divly | Koinly | Cointracker | Cointracking | Blockpit | Waltio |
|---|---|---|---|---|---|---|
| User Experience | Simple & Guided | Complex | Simple | Very complex | Complex | Simple |
| Transaction accuracy | ✅ High | 🚫 Low | ⚠️ Medium | ⚠️ Medium | ⚠️ Medium | ⚠️ Medium |
| Service in Swedish | ✅ Yes | 🚫 No | 🚫 No | 🚫 No | 🚫 No | 🚫 No |
| Swedish K4 Forms | ✅ Yes (Automated) | ✅ Yes (Automated) | 🚫 No | 🚫 No | 🚫 No | 🚫 No |
| Automatic integration Swedish exchanges | ✅ Yes (e.g., Safello) | ⚠️ Limited | 🚫 No | ⚠️ Limited | 🚫 No | 🚫 No |
| Swedish Customer Support | ✅ Yes (Personal Swedish Experts) | 🚫 No | 🚫 No | 🚫 No | 🚫 No | 🚫 No |
| Pricing Model | ✅ Pay-per-Year (SEK) | ⚠️ Pay-per-Year (USD) | ⚠️ Pay-per-Year (USD) | ⚠️ Pay-per-Year + all previous | ⚠️ Pay-per-Year + Sub. (EUR) | ⚠️ Pay-per-Year (EUR) |
| Best for Sweden | ✅ Yes (Built For Sweden) | ⚠️ Only for full-time traders | 🚫 Only US Investors | ⚠️ Only for full-time traders | ⚠️ Only for full-time traders | 🚫 Only French and Spanish Inv. |
Who Are Divly?
Divly: The Swedish specialist, born and built in Sweden specifically to automate the K4 form and handle the average cost basis method (genomsnittsmetoden) perfectly. Offers simple UX, fair SEK pricing, and expert Swedish support.
What is Koinly?
Koinly: The big generalist. They are known for their large list of integrations with blockchains and exchanges globally. Their philosophy is to offer the broadest possible coverage, making it a popular choice for full-time traders and investors with assets spread across the globe.
What is Cointracker?
Cointracker: The American generalist. Built for the American IRS, not Skatteverket. Therefore, they have USD pricing and limited generalist support. Cointracker offers NO K4 form, no Swedish service, and charges in USD.
What is Cointracking?
Cointracking: The old pioneer (Germany, 2012). Does not generate the K4 form (only generic report), has an outdated/complex UI, and uses a costly cumulative pricing model. Offers general German/English support.
What is Blockpit
Blockpit is the Trader's Tool. An Austrian specialist focused on the DACH market. Its flaws: A complex interface built for traders, not investors; a confusing fragmented pricing model (annual license + monthly subscription); and reliance on an AI-Bot for support.
What is Waltio?
Waltio is the Niche Specialist. A French tool also supporting Belgium/Spain. Its critical flaw: It's a "dead-end" platform. It only supports those ~3 countries. If you move, your account is useless.
User Experience:
Divly: Is designed for simplicity, specifically to make the entire Swedish tax process, including the difficult K4 form, painless. The service guides users directly to their finished, correct K4 form with minimal steps, preventing errors and saving time. Read Divly’s Swedish guide here.
Koinly: Has focused heavily on integrations and thus missed some aspects of the user experience. Their service remains relatively complex compared to Divly’s Swedish focus. Used by those who want the most detailed insights.
Cointracker: Offers a modern UI, but its design is optimized for US users, making data gathering for Swedish rules irrelevant.
Cointracking: Suffers from a very complex and outdated interface (founded 2012). It is powerful but has a steep learning curve, making the already difficult K4 process even more cumbersome.
Blockpit: Is designed for active traders, with a data-heavy service and tools that are unnecessary for the average Swedish investor who just wants to file their K4.
Waltio: Does not support Sweden.
Local Expertise (K4 Form, Language & Support)
Divly: Is superior here. Founded in Sweden, it automates the official K4 form required by Skatteverket perfectly. Handles the average cost basis method flawlessly. The platform is entirely in Swedish, and support comes from Swedish tax specialists.
Koinly: Now also offers K4 automation, which is a significant improvement. However, its core is still US-centric. If you encounter errors, it becomes difficult to get concrete help from foreign support.
Cointracker: Fails completely for Sweden. No K4 form, no Swedish language service or support.
Cointracking: Offers no K4 form (only a generic report). Although it offers a Swedish service, it is translated by users and thus unverified. If you get stuck and need help, the support lacks Swedish expertise, and you will speak with someone foreign.
Blockpit: Fails completely for Sweden. No K4 form, no Swedish language service or support.
Waltio: Fails completely for Sweden. No K4 form, no Swedish language service or support.
Swedish Integrations & Accuracy
Divly: Beyond its integrations with all major exchanges (Binance, Coinbase, etc.), Divly prioritizes automatic integrations with Swedish exchanges like Safello using BankID. Divly also has free guides everyone can use for their exchanges, ensuring high transaction accuracy for anyone declaring in Sweden.
Koinly: Supports major global exchanges well but may have limited or less maintained integrations for smaller, Sweden-specific platforms. Accuracy is poor, often requiring you to correct transactions yourself.
Cointracker: Focuses on US exchanges and have no support for specific Swedish exchanges. Accuracy for Swedish users don't exist.
Cointracking: Has broad global exchange support but has a limited focus on Swedish platforms compared to others. Accuracy is medium, where some transactions are correct and some are not.
Blockpit: Focuses on German exchanges and have no support for specific Swedish exchanges. Accuracy for Swedish users don't exist.
Waltio: Focuses on French exchanges and have no support for specific Swedish exchanges. Accuracy for Swedish users don't exist.
Pricing
Divly: Uses a simple pay-per-year model priced clearly and predictably in Swedish Kronor (SEK). You only pay for transactions during the tax year you declare. See Divly’s pricing here.
Koinly: Uses USD pricing. The final cost in SEK is unpredictable due to daily exchange rate fluctuations and potential foreign transaction fees from your bank. They use a simple pay-per-year model.
Cointracker: Uses USD pricing, creating the same unpredictability and potential extra fees for Swedish users. They use a simple pay-per-year model.
Cointracking: Uses a cumulative model. This means you are forced to pay for your entire transaction history every single year, making it more expensive year after year.
Blockpit: Uses a subscription model and a pay-per-year model (annual license + separate monthly fee for full features). This is confusing and potentially more expensive than other alternatives.
Waltio: Pay-per-year model but priced in Euro (EUR).
Verdict: Divly Is The Best Service for Crypto Tax in Sweden
Although Koinly has added K4 support, it cannot match Divly's advantages: being built in Sweden, for Sweden, by Swedish experts, with fair SEK pricing and a unique focus on making the Swedish tax process simple. The US-centric tools (Koinly, Cointracker), the old tool (Cointracking), the trader tool (Blockpit), and the niche tool (Waltio) all have significant disadvantages for Swedish users.
Don't settle for generic reports, USD pricing, or tools not built for you. Choose the Swedish expert Divly.
