Koinly is a powerful cryptocurrency tax and portfolio tracking tool designed to make crypto tax reporting effortless for individuals and accountants alike.
It connects seamlessly with over 800 exchanges, wallets, and blockchains to automatically import your transaction data, calculate your capital gains and crypto income, and generate tax reports suited to your country’s requirements. This automation saves you time and ensures your tax filings are accurate.
What you can do with Koinly
✅ Consolidate your transaction history
Connect all the different wallets, exchanges and crypto platforms you used, to see your total transaction history in one place, including trades, transfers between the wallets, DeFi activity, etc.
✅ Track your crypto assets
After importing your data, you can see your total crypto balances across all wallets
✅ Calculate your capital gains
Koinly will calculate your gains and losses, as well as income from crypto activities like staking
✅ Prepare your tax return
With Koinly, it's easier to file your taxes as Koinly can assist you in calculations and necessary reports (sometimes even ready-to-file tax forms)!
What you can't do with Koinly
❌ Store crypto
Koinly has no capability of storing cryptocurrencies. Koinly is not a wallet nor a broker (exchange)
❌ Replace your accountant
Koinly helps you manage and organize your crypto activity and calculate your capital gains but is not a replacement for a tax accountant. Koinly cannot provide tax advice
In summary, Koinly is your go-to tool for crypto tax compliance and portfolio management, making it ideal for simplifying your crypto journey 🚀