Why Teams Move From Excel to Coincile
Excel is versatile, but it wasn’t built for crypto accounting. Here’s why growing teams move to Coincile.
The Excel Challenge
Volume Limitations
- Excel slows down at 10,000+ transactions
- Manual imports are time-consuming
- No real-time data integration
- Formula complexity grows exponentially
Data Integrity Risks
- No audit trail for changes
- Formula errors go undetected
- Version control nightmares
- No data validation
Crypto-Specific Gaps
- No native crypto price feeds
- Complex cost basis calculations
- Multi-wallet aggregation is manual
- DeFi transactions require custom solutions
Coincile Advantages
| Feature | Excel | Coincile |
|---|---|---|
| Transaction Volume | Slows at 10k+ | Millions/month |
| Auto-Categorization | Manual formulas | 95% automated |
| Real-Time Prices | Manual lookup | Automatic |
| Cost Basis | Complex formulas | Built-in FIFO/LIFO |
| Multi-Wallet | Manual aggregation | Automatic sync |
| Audit Trail | None | Tamper-proof logs |
| Collaboration | File sharing | Real-time multi-user |
| Compliance | DIY | Built-in templates |
When Excel Still Makes Sense
- Under 100 transactions total
- Single wallet, single exchange
- No compliance requirements
- One-time analysis only
When You’ve Outgrown Excel
Signs it’s time to upgrade:
- ✓ Monthly transaction count exceeds 500
- ✓ Multiple wallets and exchanges
- ✓ DeFi participation (LP, staking, yield)
- ✓ Team needs collaborative access
- ✓ Audit or compliance requirements
- ✓ Regular reporting needs
Migration Is Easy
Moving from Excel to Coincile:
- Export your Excel data as CSV
- Import into Coincile with column mapping
- Connect your exchanges and wallets
- Auto-categorize new transactions
- Review and adjust as needed
Most teams complete migration in under 2 hours.
Cost Comparison
Excel Approach
- Excel/Google Sheets: $0-$20/month
- Price API subscriptions: $30-100/month
- Manual data entry: 10+ hours/month
- Error correction: 5+ hours/month
- True cost: $50-500+/month in time
Coincile
- Professional plan: $199/month
- Everything included
- 90%+ time savings
- True cost: $199/month
Start Free
Try Coincile free for 14 days. Import your Excel data and see the difference.