Koinly Crypto Tax Calculator: Making Crypto Taxes Effortless

Managing cryptocurrency taxes can feel like navigating a maze. With every trade, airdrop, or staking reward, your tax obligations become more complicated. Luckily, there’s Koinly, a crypto tax calculator that simplifies the process and keeps you compliant—without the stress.

What is Koinly?

Koinly is a comprehensive crypto tax and portfolio tracking platform that automatically calculates your crypto gains, losses, and income. It connects with hundreds of exchanges, wallets, and DeFi platforms, making tax reporting fast, accurate, and hassle-free.

Whether you’re trading Bitcoin, Ethereum, or exploring DeFi, Koinly ensures that every transaction is accounted for correctly.

Why Koinly Stands Out

1. Automatic Transaction Sync

Koinly supports major exchanges like Binance, Coinbase, Kraken, and wallets like MetaMask. You can sync transactions via API or CSV uploads, saving hours of manual data entry.

2. Accurate Tax Calculations

Using internationally recognized methods like FIFO, LIFO, and HIFO, Koinly calculates capital gains, losses, and taxable income with precision, even for complex portfolios.

3. DeFi, Staking, and Mining Support

Got staking rewards, mining income, or liquidity pool transactions? Koinly automatically tracks these and ensures they’re reported correctly for tax purposes.

4. Global Tax Compliance

Koinly generates tax reports tailored for over 100 countries, including the USA, UK, Canada, Australia, Germany, and more. No matter where you live, Koinly keeps you compliant.

5. Portfolio Insights

Beyond taxes, Koinly provides portfolio tracking, showing your current holdings, gains, losses, and historical performance in one dashboard. It’s a powerful tool to monitor your crypto investments.

Benefits of Using Koinly

• Time-Saving: Automation eliminates tedious manual tracking.
• Error-Free Reports: Reduces mistakes that could trigger audits.
• Easy Filing: Reports are compatible with popular tax filing software.
• Peace of Mind: Focus on trading while Koinly handles tax compliance.

How to Get Started

1. Sign Up: Create a free Koinly account.
2. Connect Your Accounts: Link your exchanges, wallets, or DeFi platforms.
3. Sync Transactions: Koinly automatically imports and categorizes your trades.
4. Generate Tax Reports: Select your country, tax year, and accounting method.
5. File Taxes: Download your ready-to-submit report and file with confidence.

Conclusion

Crypto taxes don’t have to be confusing. With Koinly, investors get accuracy, automation, and peace of mind. It’s the ideal solution for anyone looking to simplify crypto tax reporting while staying fully compliant.