Koinly Login & Setup Guide: Get Started with Crypto Tax Tracking

jame

— 1 min read

If you’re investing or trading in cryptocurrency, staying on top of your taxes is essential. Koinly is one of the easiest ways to track your crypto portfolio and generate accurate tax reports. This guide will walk you through logging in, setting up your account, and connecting your wallets and exchanges.

Step 1: Sign Up or Log In

  1. Go to the Koinly website.
  2. Click Sign Up if you don’t have an account. You can register using:
    • Email & Password
    • Google account
    • GitHub account
  3. If you already have an account, click Login and enter your credentials.

💡 Tip: Make sure to use a secure, unique password since Koinly connects to your financial accounts.

Step 2: Set Up Your Profile

After logging in:

  1. Click on your profile icon → Settings.
  2. Fill in your personal details:
    • Full Name
    • Country of residence (for tax calculations)
    • Preferred currency
  3. Set your tax year and accounting method (FIFO, LIFO, or HIFO).

This ensures Koinly generates reports compatible with your local tax laws.

Step 3: Connect Your Exchanges & Wallets

Koinly can automatically import transactions from hundreds of exchanges and wallets.

  1. Go to Wallets → Add Wallet/Exchange.
  2. Choose your platform (e.g., Binance, Coinbase, Kraken, MetaMask).
  3. Connect via:
    • API Key (automatic syncing)
    • CSV Upload (manual importing)
  4. Repeat for all your wallets and exchanges.

💡 Tip: If you use multiple wallets or exchanges, connecting all of them ensures your portfolio and tax reports are complete.

Step 4: Categorize Transactions

Once your transactions are imported:

  1. Koinly automatically categorizes most transactions (buy, sell, send, receive, staking, etc.).
  2. Check for any uncategorized or unusual transactions and assign the correct category.
  3. This step ensures accurate capital gains, losses, and income calculations.

Step 5: Generate Your Tax Report

  1. Go to Tax Reports → Create New Report.
  2. Select your tax year and country.
  3. Koinly generates a ready-to-file report compatible with your local tax authority.
  4. Download in your preferred format: PDF, CSV, or compatible with tax software like TurboTax.

Step 6: Monitor Your Portfolio

Koinly isn’t just for taxes—it also lets you:

  • Track real-time portfolio value
  • Monitor gains and losses
  • See historical performance

This makes it a great all-in-one tool for crypto investors.

Pro Tips for a Smooth Setup

  • Double-check API keys and CSV files for completeness.
  • Connect all exchanges/wallets before generating your first tax report.
  • Use Koinly’s support resources or knowledge base for complex transactions like DeFi or staking.

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