Cryptocurrency investors often struggle with tracking transactions and calculating taxes. With multiple exchanges, wallets, and DeFi platforms, managing everything manually can become overwhelming. Koinly is a crypto tax software that simplifies this process by automatically importing transactions and calculating tax reports.
The first step is to create an account on Koinly. After signing up, you will be able to access your dashboard where you can connect exchanges and wallets. The dashboard also displays portfolio value, gains, losses, and tax summaries.
Koinly supports hundreds of exchanges and wallets including Binance, Coinbase, Kraken, and MetaMask. You can connect accounts using secure API keys or by uploading transaction files.
Once connected, Koinly automatically imports all transactions into your portfolio.
After importing your data, Koinly organizes transactions such as trades, transfers, staking rewards, and airdrops. It is important to review the imported data to ensure everything is categorized correctly.
If any transaction is missing or incorrect, you can manually edit or add it.
Once your transactions are verified, Koinly calculates your capital gains, losses, and crypto income. The platform then generates tax reports that can be used for tax filing.
These reports help investors stay compliant with crypto tax regulations.
Besides tax reporting, Koinly also provides portfolio tracking features. Users can monitor their total holdings, profit and loss, and investment performance across multiple exchanges in one dashboard.
Using Koinly in 2026 is one of the easiest ways to manage crypto taxes. By automatically importing transactions and generating tax reports, the platform saves investors hours of manual work. For anyone trading or investing in cryptocurrency, Koinly provides a simple and reliable tax solution.