Simplify Your Crypto Taxes with Koinly
Cryptocurrency trading has exploded in popularity over the past few years, but with profits come tax obligations. Many crypto investors find themselves overwhelmed when trying to calculate gains, losses, and reportable income. This is where Koinly comes in—an intuitive crypto tax software designed to make tax reporting simple and accurate.
Koinly automatically syncs with over 6,000 cryptocurrencies across hundreds of exchanges and wallets, including major platforms like Binance, Coinbase, Kraken, and more. By connecting all your accounts, Koinly can track every transaction in real time, calculating capital gains, losses, and income according to the latest tax regulations. This automation eliminates hours of manual work and reduces the risk of errors that could lead to penalties.
One of the standout features of Koinly is its user-friendly dashboard. Investors can view their portfolio performance, track profit and loss, and generate detailed tax reports ready for submission to their local tax authorities. Koinly supports multiple tax reporting standards worldwide, making it suitable for users in the U.S., UK, Canada, Australia, and more.
Beyond tax calculations, Koinly also helps users stay organized. You can categorize transactions, track gifts, mining rewards, staking income, and even airdrops. This level of detail ensures that every taxable event is accounted for, giving you peace of mind during tax season.
Whether you are a casual investor holding a few coins or an active trader executing hundreds of trades, Koinly provides a reliable, automated solution for crypto taxes. By simplifying tax reporting, it lets you focus on what matters most—growing your crypto portfolio. Start using Koinly today and take the stress out of cryptocurrency tax season.