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Koinly – Complete Guide

1. What is Koinly?

Koinly is a crypto tax calculator and portfolio tracker.
It helps people track their cryptocurrency transactions and automatically calculate crypto taxes based on their country’s tax rules.

Koinly supports Bitcoin, Ethereum, and thousands of other cryptocurrencies, along with exchanges and wallets.

2. Why is Koinly Used?

People use Koinly to:

  • Track crypto profits and losses

  • Calculate capital gains tax

  • Generate tax reports

  • Keep records of all crypto transactions

  • Avoid manual calculations and mistakes

3. How Does Koinly Work?

Koinly works by importing your crypto transaction data from:

  • Crypto exchanges

  • Wallets

  • Blockchain addresses

Once the data is imported, Koinly:

  1. Analyzes all transactions

  2. Calculates gains, losses, income, and fees

  3. Applies tax rules based on your country

  4. Generates tax reports

4. Features of Koinly

a) Portfolio Tracking

  • Shows real-time value of your crypto holdings

  • Tracks profits and losses

  • Displays transaction history

b) Tax Calculation

  • Calculates capital gains and losses

  • Handles trading, mining, staking, airdrops, and gifts

  • Supports FIFO, LIFO, and other accounting methods

c) Exchange & Wallet Support

  • Supports 800+ exchanges and wallets

  • Examples: Binance, Coinbase, Kraken, MetaMask, Trust Wallet

d) Tax Reports

  • Capital Gains Report

  • Income Report

  • Transaction History

  • Country-specific tax forms

5. How to Use Koinly (Step-by-Step)

Step 1: Create an Account

  • Go to Koinly website

  • Sign up using email or Google account

Step 2: Add Wallets or Exchanges

You can add data using:

  • API keys (automatic sync)

  • CSV file upload

  • Public wallet address

Step 3: Review Transactions

  • Check if transactions are categorized correctly

  • Fix missing prices or errors if needed

Step 4: Generate Tax Report

  • Select your country

  • Choose tax year

  • Download tax report

6. Supported Countries

Koinly supports tax rules for many countries, including:

  • USA

  • UK

  • Canada

  • Australia

  • India

  • Many European countries

7. Advantages of Koinly

  • Easy to use

  • Saves time

  • Accurate tax calculations

  • Supports many exchanges and wallets

  • Good for beginners and advanced users

8. Disadvantages of Koinly

  • Free version has limited features

  • Paid plans needed for full tax reports

  • Sometimes manual adjustments are required

9. Is Koinly Free?

Koinly offers:

  • Free plan: Portfolio tracking and transaction preview

  • Paid plans: Required to download tax reports

Pricing depends on the number of transactions.

10. Who Should Use Koinly?

Koinly is best for:

  • Crypto traders

  • Long-term investors

  • NFT traders

  • People who need crypto tax reports

  • Anyone dealing with multiple wallets and exchanges

11. Conclusion

Koinly is a powerful and reliable tool for crypto tax calculation and portfolio tracking.
It simplifies complex crypto data and helps users stay compliant with tax laws.

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