Details On Koinly Store
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|Brand Details||Offer Description||Validity|
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Bitcoin & Cryptocurrency Tax Solution. Generate tax reports for your crypto trading and related activity automatically.
Koinly provides crypto traders and auditors with a tax solution. When filing taxes, having more than one exchange account or wallet can be a hassle. Because of its seamless integration with the most popular blockchains and exchanges, including Coinbase, Binance, Bittrex, and CEX.io, Koinly makes filing your crypto taxes a breeze, taking only a few minutes of your time. Link your public/exchange addresses/accounts and let Koinly calculate your profits. The completed tax return is given in a standard format recognised by the IRS or state tax office, making it simple to print and submit. You can also use tax preparation software such as TurboTax, TaxACT, or Xero and import our report there.
You may check out the entire list of the countries we support on our website, which includes the USA, UK, Canada, Australia, Sweden, Norway, and Ireland, among 20+ others.
Koinly offers a range of features to help users manage their cryptocurrency taxes, including:
- Automated tax calculations: Koinly automates calculating capital gains, income, and losses from cryptocurrency transactions, saving users time and reducing the risk of errors.
- Support for over 6000 cryptocurrencies, exchanges, and wallets: Koinly supports a wide range of digital assets and allows users to import data from various sources, including exchanges, wallets, and CSV files.
- Advanced tax rules and accounting methods: Koinly's algorithm applies advanced tax rules to each transaction and supports various accounting methods, including FIFO, LIFO, and average cost.
- Real-time market data: Koinly provides users with real-time market data, allowing them to track the value of their cryptocurrency holdings and make informed decisions about buying and selling.
- Transaction history tracking: Koinly tracks the transaction history of each cryptocurrency asset, making it easy for users to identify gains, losses, and taxable events.
- Tax planning tools: Koinly offers tools that enable users to optimise their tax liability and minimise their tax burden.
- User-friendly interface: Koinly has an intuitive and user-friendly interface, making it easy for users to navigate and generate tax reports.
- Secure and private: Koinly takes security seriously and uses two-factor authentication and SSL encryption to protect user data.
Overall, Koinly's features provide a comprehensive solution for managing cryptocurrency taxes, making it an ideal choice for individuals, traders, and accountants.
Koinly offers a range of products to help users manage their cryptocurrency taxes, including:
- Tax Reports: Koinly's tax reports allow users to generate accurate and compliant tax reports for their cryptocurrency transactions, including capital gains, income, and losses.
- Portfolio Tracking: Koinly's portfolio tracking feature allows users to monitor the value of their cryptocurrency holdings in real time and track the performance of their portfolio over time.
- API Integrations: Koinly offers API integrations with various exchanges and wallets, making it easy for users to import their transaction data.
- Tax Calculator: Koinly's tax calculator allows users to estimate their tax liability based on their cryptocurrency transactions and their tax jurisdiction.
- Accountant Tools: Koinly offers a range of tools specifically designed for accountants, including multi-client support and bulk data import.
- Crypto Income Reports: Koinly's crypto income reports provide users with a detailed breakdown of their cryptocurrency income, including mining, staking, and airdrops.
- Tax Loss Harvesting: Koinly's tax loss harvesting tool allows users to offset gains with losses, reducing their tax liability.
Overall, Koinly's products provide a comprehensive solution for managing cryptocurrency taxes and make it easy for individuals, traders, and accountants to stay compliant and optimise their tax liability.
There are several competitors to Koinly in the cryptocurrency tax management space, including:
- CoinTracking: CoinTracking is a popular cryptocurrency tax management platform that offers automatic trade import, real-time price updates, and capital gains reports. It also provides support for over 8,000 cryptocurrencies, exchanges, and wallets.
- CryptoTrader.Tax: CryptoTrader.Tax is a cryptocurrency tax software that offers CSV importing, trade reconciliation, and tax optimisation strategies. It also offers integrations with popular exchanges and wallets.
- ZenLedger: ZenLedger is a cryptocurrency tax software that offers automatic data import, capital gains and losses calculations, and tax loss harvesting. It also offers integrations with over 400 exchanges and wallets.
- Bitcoin.Tax: Bitcoin. Tax is a cryptocurrency tax software that offers features such as CSV importing, trade history tracking, and tax forms generation. It also offers integrations with over 100 exchanges and wallets.
- TokenTax: TokenTax is a cryptocurrency tax software that offers automatic data import, real-time tax calculations, and audit defence support. It also offers integrations with over 250 exchanges and wallets.
Overall, these competitors offer similar features to Koinly and offer users various options when managing their cryptocurrency taxes. Users should consider their individual needs and preferences when selecting a platform.