Koinly

2 reviews

Koinly is a comprehensive cryptocurrency tax and portfolio management platform designed to simplify the complexities of crypto tax reporting for individuals and accountants. By seamlessly integrating with over 800 exchanges, wallets, and blockchains, Koinly automates the importation of transaction data, calculates capital gains and income, and generates tax reports tailored to various countries' requirements. This automation not only saves time but also ensures accuracy in tax filings. Key Features and Functionality: - Extensive Integrations: Koinly supports over 20,000 cryptocurrencies and integrates with more than 400 exchanges and 100 wallets, including major platforms like Binance, Coinbase, and Kraken. - Automated Data Import: Users can connect their accounts via API keys or manually upload CSV files, allowing for seamless synchronization of transaction data. - Comprehensive Tax Reports: Koinly generates detailed tax reports, including capital gains and losses, mining and staking income, and transaction histories, tailored to meet the requirements of various countries. - Portfolio Tracking: The platform offers real-time monitoring of crypto assets, providing insights into holdings, profit and loss statements, and overall portfolio performance. - Support for Complex Transactions: Koinly handles various transaction types, including DeFi activities, margin trading, and NFT transactions, ensuring comprehensive coverage of all crypto activities. - Tax Optimization Strategies: Features like tax-loss harvesting help users identify opportunities to offset taxable gains, potentially reducing overall tax liabilities. Primary Value and User Solutions: Koinly addresses the challenges of cryptocurrency tax compliance by automating the tedious process of data collection and tax calculation. It eliminates the need for manual data entry, reduces the risk of errors, and ensures that users remain compliant with tax regulations in their respective countries. By providing a centralized platform for tracking and reporting crypto transactions, Koinly empowers users to manage their portfolios efficiently and make informed financial decisions.