We review Koinly, which is one of the best crypto tax software.
We also have the best Koinly promo code on the market and gives you -a 30% discount: CCT30
Koinly will help you automate your crypto tax report work and create a tax file.
Use “CCT30” for a 30% discount
Koinly Review Summary
Where is Koinly located?
- Koinly is based in London, England.
Is Koinly safe and legit?
- Koinly is safe and legit. You can use API read only keys.
Does Koinly have an mobile app?
- Yes, Koinly has an mobile app for Android.
Is there a Koinly promo code?
- Use Koinly promo code "CCT30" to get a -30% discount.
Is Koinly free?
- There are some features free to use with Koinly.
How much does Koinly cost and what are the pricing plans?
- The pricing plans varies from $0-179 per tax year.
Does Koinly offer a refund?
- If you would like a refund, you can email your purchase receipt to legal@koinly.io with your request and reason for refund.
What countries does Koinly support?
- Koinly supports over 100 countries globally. See a more specified list in the article.
What exchanges does Koinly support?
- In practice, all exchanges (350+).
What wallets does Koinly support?
- Koinly supports 50+ crypto wallets.
How to get help from customer service?
- hello@koinly.io
Koinly on Social Media
Koinly Step-by-Step Guide
Can I upgrade after purchasing a plan?
Yes, if you are over the transaction limits for your plan, you can upgrade by paying the difference.
Which payment methods does Koinly accept?
Koinly accepts cryptocurrency (BTC, ETH, DAI, USDC) and credit/debit card payments.
I have more than 10,000 transactions. Which plan should I buy?
If you exceed the limits of our top plan, then you can purchase additional transactions in the app. Koinly has been used to calculate gains for algorithmic traders with well over 500k transactions.
Koinly Step-by-Step Guide
It’s a 4 step procedure to summarize your transactions to Koinly software and generate a tax reporting file for the authorities.
- Import all crypto transactions (CSV file or API key)
- Koinly finds all the market prices at the time of your trades
- Koinly separates taxable events from non-taxable events, including transferring, trading, mining, staking, lending, and airdrops, and simplifies the process of recording all the ins and outs.
- The software automatically calculates your crypto gains/losses and generates your tax reports.
Countries Supported by Koinly Tax Report App
Koinly supports tax reporting for over 100 countries. Always ensure your land is kept before purchasing any tax reporting plan.
Koinly supports countries that use Average Cost, FIFO, LIFO, HIFO for calculating gains. Koinly also offers specialized tax reports for countries like the USA, Canada, Australia, the UK, Germany, Norway, Denmark, and Sweden. All these specialized reports are specified in the bullet list below.
Countries supported by Koinly tax crypto software
- USA, Canada, Australia, New Zealand, Brazil, South Africa
- UK, Germany, Sweden, Denmark, Finland, Norway, Netherlands, France, Spain, Italy, Austria, Lichtenstein, Ireland, Czech Republic, Estonia, Malta, Luxembourg, Belgium, Poland, Ukraine, Iceland, Switzerland
- Japan, South Korea, Singapore, India
Localized tax reports possible to generate with Koinly crypto tax software
Koinly can generate several localized tax reports for different countries, such as:
- Form 8949 and Schedule D (US)
- Capital gains summary (UK)
- K4 (Sweden)
- RF1159 (Norway)
- Swiss Valuation Report (Switzerland)
- Lomake 9 (Finland)
- Schedule 3 (Canada)
- Summarized ATO report (Australia)
- Formulaire 2086 (France)
How to report crypto taxes with Koinly for US customers?
See this step-by-step guide from Koinly on how to use the crypto tax software for US customers specifically.
How to report crypto taxes with Koinly for Canada customers?
See this step-by-step guide from Koinly on how to use the crypto tax software for Canadian customers specifically.
Supported Exchanges and Wallets to Koinly Tax Report App
Koinly supports import from a wide range of popular crypto exchanges, wallets, and blockchains. In total, this allows you to keep track of your activities on over 6,000 different blockchains, 350+ exchanges, and 50+ wallets.
The screenshot below shows some of the most popular crypto services supported and integrated by Koinly 2023.
Koinly VS Cointracking
Koinly and Cointracking are two of the most extensive crypto tax report software on the market.
Both offer excellent service at an affordable price.
This short version is that Cointracking is a more advanced tool for a higher price. Make sure to note that Cointracking gives their prices per year but is charged monthly, while Koinly charges per tax year.
A good alternative for Cointracking is if you are a whale and want to buy for a lifetime, they give you this option.
See a complete comparison in our article, Cointracking VS Koinly.
Koinly Customer Service
You can either contact Koinly by chat or email: hello@koinly.io
Koinly Tax Report App 2023 - Pros and Cons
- Multi Country Support – Koinly is available in over 20 countries across Europe, Asia, Oceania, and the Americas. Also, Koinly supports some localized tax reports
- Support for many exchanges, wallets, and blockchainsExtensive Service Integration – Koinly integrates with over 6,000 blockchains, 350 exchanges, and 75 wallets.
- Easy Data Import – Koinly allows you to import critical data via API key or manually by a CSV file.
- Free Account – The platform can be used for free to track up to 10,000 transactions.
- Koinly blog, accountant help, and tax guides – Koinly provides many additional services like a Crypto Tax Calculator, Regional Tax Guides, a Tax Accountant list, and a Blog to keep its users up to date.
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