What is Koinly?
Think of Koinly as an intelligent Excel sheet. With Koinly:
- You add your transactions (rows)
- Koinly automatically:
- Once done, you generate your capital gains and income tax reports
The accuracy and completeness of Koinly's tax reports rest entirely on the transactions you add to them.
Your tax reports in 4 steps
Step 1. Add your wallets
In Koinly all your crypto exchange platforms, wallets, service, etc are referred to as "Wallets".
- To create a wallet, go to the Wallets page and click on Add Wallet.
- There you can select your wallet by searching for it or finding it in the list.
Can't find your wallet?
Try searching for your exchange/wallet/service, you will see the option to create a custom wallet as seen below.
You will not be able to sync a custom wallet via API, but you can import CSV files and add manual transactions
Step 2. Import your data
Once you have clicked on a wallet, you will be able to choose how you want to import your transactions.
For example, I selected Kraken on the previous page which takes me to this page:
For most exchanges, you will find a Setup auto-sync option that uses API keys to download your transaction history automatically. This is the recommended method as you won't have to deal with CSV files.
Step 3: Wait for gains to update and review data
Koinly does a couple of things after you import new transactions, such as:
You will see an indicator while this is happening:
Once this is complete you should ensure your data is accurate by reviewing some wallets/transactions.
Step 4: Download your tax reports
Go to the Tax Reports page to see a brief summary of your capital gains and income for any tax year.
If you see a warning that says Review Needed then you should check out We have assumed a cost of zero for some assets
Scroll to the bottom to download one of the tax reports. Koinly offers a number of tax reports that you can download in CSV, Excel, and PDF formats.
🟡Note: There is no limit to how many reports you can generate for a given year. You can always revise your data and generate new reports.