Koinly: Making Crypto Taxes and Portfolio Tracking Effortless in 2026

jame

— 1 min read

Managing cryptocurrency can be exciting—but when it comes to taxes, it often becomes confusing and stressful. Koinly is a tool designed to make crypto tax reporting simple, accurate, and fast, while also helping users monitor their portfolios in real time.

Why Koinly Stands Out

Crypto transactions can be complex: trading, staking, mining, DeFi swaps, and NFTs all need to be accounted for. Koinly automatically imports transactions from exchanges and wallets, categorizes them correctly, and calculates capital gains, losses, and income according to your local tax laws.

No more manual spreadsheets, lost records, or miscalculations—Koinly does the heavy lifting.

How It Works

  1. Connect Wallets and Exchanges: Use APIs, wallet addresses, or CSV uploads to sync your crypto activity.
  2. Check Transactions: Koinly flags duplicates or missing data so you can fix issues before generating reports.
  3. Calculate Taxes: Gain/loss calculations and income tracking happen automatically, tailored to your country’s tax regulations.
  4. Generate Reports: Export PDF, CSV, or TurboTax-ready reports to file easily with your tax authority.

You can also track the performance of your portfolio alongside your tax data, giving a complete overview of your crypto holdings.

Key Features

  • Supports thousands of cryptocurrencies and exchanges
  • Handles staking, mining, DeFi, and NFT transactions
  • Multiple accounting methods (FIFO, LIFO, HIFO)
  • Portfolio tracking in real time
  • Tax reports for over 20 countries, including the US, UK, Canada, and Australia

Pros and Cons

Pros:

  • Automates tax calculations and reporting
  • Handles complex DeFi and NFT activity
  • Real-time portfolio tracking
  • User-friendly and globally compatible

Cons:

  • Premium plans may be expensive for active traders
  • Some manual adjustments may be needed for unusual transactions

Who Should Use Koinly?

Koinly is perfect for any crypto investor: beginners who want simple tax reporting, active traders with hundreds of transactions, and DeFi/NFT enthusiasts needing accurate calculations.

Conclusion

With Koinly, crypto taxes are no longer a headache. Its automation, accuracy, and portfolio tracking make it an indispensable tool for anyone holding or trading cryptocurrency. Spend less time worrying about numbers and more time growing your crypto portfolio—Koinly handles the rest.

Read more