Managing crypto taxes can be overwhelming, especially when juggling multiple wallets, exchanges, and the ever-growing complexities of DeFi, NFTs, and staking. The good news is that Koinly is consistently recognized as the most powerful and comprehensive platform designed to solve this exact problem.
Koinly is the globally trusted software for automated crypto tax compliance. It helps over 1.5 million users calculate their crypto gains, losses, and income with unrivaled accuracy, thanks to its sophisticated AI and Smart Transfer Matching, which correctly handles transfers between your own wallets.
Here, we’ll dive deep into The Koinly Advantage—the five key features that confirm its status as the ultimate crypto tax software for investors worldwide.
🌎 What is Koinly? The Global Standard for Crypto Tax Compliance
Koinly is the world’s leading cryptocurrency tax and portfolio tracking tool, trusted by over 1.5 million users to simplify the complex challenge of crypto tax reporting. It is not just a calculator; it’s a comprehensive compliance engine that centralizes all your crypto activity, regardless of where you trade, stake, or participate in DeFi.
Koinly’s core function is sophisticated automation. It seamlessly connects with over 900 exchanges, wallets, and blockchains to automatically import your entire transaction history. From there, Koinly’s proprietary AI engine instantly:
- Classifies Transactions: Correctly tags all taxable events, including staking rewards, mining income, airdrops, and complex DeFi activity.
- Calculates Cost Basis: Applies the precise tax method (e.g., FIFO, LIFO, or Average Cost) required by your jurisdiction.
- Matches Transfers: Uses Smart Transfer Matching to automatically detect movements between your own wallets (like Coinbase to MetaMask), ensuring these non-taxable events are correctly excluded from your gains calculation, which is critical for accuracy.
By eliminating manual data entry and guesswork, Koinly ensures your tax reports are accurate, compliant with local laws in over 100 countries, and ready to file in minutes.
Why Koinly is the Best Crypto Tax Software
Here’s why Koinly stands out in the crowded crypto tax software space:
- Automated and Accurate Tax Reporting: Koinly handles everything, from tracking your transaction history to generating complete tax reports. It eliminates the risk of manual errors and ensures your reports fully comply with local tax regulations.
- Supports Over 20,000 Tokens and 170+ Exchanges: Whether you’re trading Bitcoin, Ethereum, NFTs, or DeFi tokens, Koinly supports virtually every blockchain and platform you can think of.
- Wallet and Exchange Integration: Syncing your accounts is as easy as entering your public wallet address or uploading transaction data from your exchanges. Koinly supports integrations with all major wallets, including Metamask, Coinbase, Binance, and more.
- Simple and User-Friendly Interface: Koinly’s dashboard is intuitive and beginner-friendly. Even if you’re new to crypto taxes, you’ll find it easy to navigate and understand your tax obligations.
- Cost-Effective Plans: With pricing options to fit any budget, Koinly provides professional-grade tax solutions at a fraction of the cost of hiring an accountant.
$20 Off Your First Tax Report
Take advantage of this special offer and save $20 on your first tax report with Koinly. It’s an easy way to reduce the cost of managing crypto taxes while enjoying professional-grade accuracy and convenience.
How Does Koinly Work?
Using Koinly is quick and straightforward:
- Sync Your Wallets and Exchanges
- Add your public wallet addresses (e.g., for Ethereum or Bitcoin).
- Connect your exchange accounts using APIs or import CSV files.
- Koinly automatically fetches your transaction history and organizes it for you.
- Review Your Transactions
- Koinly detects taxable events like trades, income, and staking rewards.
- It identifies errors or missing information, allowing you to fix them.
- Download Your Tax Report
- Once your data is ready, Koinly generates a comprehensive tax report, including forms like IRS 8949 (for US users) and others for global compliance.
- These reports are compatible with popular tax software like TurboTax or can be shared directly with your accountant.
Who Should Use Koinly?
Koinly is ideal for anyone who:
- Trades or invests in cryptocurrencies.
- Participates in DeFi, staking, or NFT transactions.
- Holds multiple wallets or uses several exchanges.
- Wants to save time, reduce stress, and simplify tax reporting.
How Koinly Helps You Save
Searching for a “Koinly coupon code”? Look no further. Signing up through this special offer will automatically give you $20 off your first tax report. It’s an easy way to save while accessing professional-grade tax software.
Final Thoughts
Don’t let crypto taxes slow you down. With Koinly, you can streamline the process and focus on what you do best: growing your portfolio. Its automated features, accuracy, and $20 discount make it the best crypto tax software on the market today.
Ready to simplify your crypto taxes? Start using Koinly now and get $20 off your first tax report by signing up through this exclusive offer.
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