Koinly, the leading platform for crypto tracking, is revolutionizing the way investors and traders manage their portfolios. With its comprehensive set of features and seamless connectivity to over 700 platforms, 350 exchanges, 90 wallets, and 150 blockchains, Koinly provides users with automated tracking of profits and losses, a comprehensive view of gains, losses, and income, and accurate reporting to tax authorities. Trusted and reliable, Koinly offers exceptional value for money and has emerged as the ultimate solution for crypto portfolio management.
Automated Tracking of Profits & Losses
Koinly offers a highly efficient and automated solution for tracking profits and losses in the cryptocurrency market. With its advanced technology, Koinly enables users to accurately monitor their investment performance in real-time. By automatically synchronizing transactions from over 350 exchanges, 90 wallets, and 150 blockchains, Koinly provides a comprehensive view of gains and losses. This allows users to make informed decisions on rebalancing, taking profits, or holding their assets. Additionally, Koinly supports tracking in various currencies, such as US dollars, making it easier for users to evaluate their portfolio’s performance. The platform’s automation and integration with numerous platforms ensure a seamless and hassle-free tracking experience. By leveraging Koinly’s automated tracking of profits and losses, users can effectively manage their cryptocurrency investments with confidence and precision.
Comprehensive View of Gains, Losses, and Income
With its advanced technology and seamless integration with various platforms, Koinly provides users with a comprehensive view of their gains, losses, and income in the cryptocurrency market. This feature allows users to track their portfolio performance in real-time and make informed decisions on rebalancing, profit-taking, or holding. Koinly supports over 700 integrations, including 350 exchanges, 90 wallets, and 150 blockchains, ensuring that users can connect to various platforms for a holistic view of their holdings. Additionally, Koinly offers API support for thousands of coins and tokens, further enhancing its versatility. By providing users with a comprehensive view of their gains, losses, and income, Koinly empowers them to optimize their crypto investment strategies and achieve their financial goals.
Integration With 700+ Platforms and Exchanges
With its extensive integration capabilities, Koinly seamlessly connects with over 700 platforms and exchanges to provide users with a comprehensive view of their crypto holdings. This wide range of integrations allows users to track all their transactions in one place, eliminating the need to manually input data from different sources. Here are three key benefits of Koinly’s integration with 700+ platforms and exchanges:
Simplified Tracking: By integrating with multiple platforms and exchanges, Koinly automatically imports transaction data, making it easier for users to track their crypto activities and monitor their portfolio performance.
Accuracy and Efficiency: With real-time synchronization, Koinly ensures that all transactions are accurately recorded, eliminating the risk of manual errors. This saves users time and effort in managing their crypto holdings.
Comprehensive Reporting: Through its extensive integration capabilities, Koinly provides users with a complete overview of their gains, losses, and income across various platforms and exchanges. This enables users to make informed decisions and optimize their portfolio for better performance.
Support for 350+ Exchanges and 90+ Wallets
The platform offers support for over 350 exchanges and 90 wallets, providing users with a wide range of options for tracking their cryptocurrency holdings. This extensive integration allows users to conveniently import their transaction data from multiple sources, ensuring a comprehensive view of their portfolio. By supporting a large number of exchanges and wallets, Koinly enables users to track their crypto assets in real-time and accurately calculate profits and losses. With access to a diverse set of exchanges and wallets, users can easily manage their investments and make informed decisions about their cryptocurrency holdings. By offering support for such a vast number of platforms, Koinly establishes itself as a reliable and versatile solution for crypto tracking.
Tracking on 150+ Blockchains
Koinly offers comprehensive tracking on over 150 blockchains through its advanced portfolio solution. With such extensive blockchain support, users can easily monitor their cryptocurrency holdings across a wide range of networks. This capability is crucial in the ever-expanding crypto landscape, where new blockchains are constantly being developed. Here are three key benefits of Koinly’s tracking on 150+ blockchains:
Diverse Portfolio Management: Koinly enables users to effectively manage their investments across multiple blockchains, offering a holistic view of their crypto holdings.
Accurate Tax Reporting: By tracking transactions on various blockchains, Koinly ensures accurate reporting of capital gains, losses, and income for tax purposes.
Future-Proof Solution: With support for a large number of blockchains, Koinly ensures that users can adapt to the evolving crypto market and seamlessly track their assets on emerging networks.
API Support for Thousands of Coins and Tokens
API support for thousands of coins and tokens is a key feature offered by Koinly, revolutionizing the way crypto tracking is done. With this support, Koinly enables users to seamlessly integrate their portfolios across various platforms and exchanges. By connecting to these platforms through APIs, Koinly can automatically import transactions, balances, and other relevant data, eliminating the need for manual entry. This not only saves time but also ensures accuracy in tracking and reporting. Moreover, Koinly’s API support covers a wide range of cryptocurrencies, including both popular coins and lesser-known tokens. This comprehensive coverage allows users to effectively manage and monitor their entire crypto portfolio, regardless of the coins and tokens they hold. Overall, Koinly’s API support enhances convenience and efficiency in crypto tracking, making it an invaluable tool for cryptocurrency investors and traders.
Real-time Tracking of Unrealized Gains & Losses
Real-time tracking of unrealized gains and losses is a crucial feature offered by Koinly, revolutionizing the way investors monitor their crypto portfolios. With this feature, investors can stay updated on the current value of their holdings and make informed decisions based on real-time data. Here are three reasons why real-time tracking of unrealized gains and losses is essential:
Accurate Portfolio Valuation: Koinly’s real-time tracking ensures that investors have an accurate and up-to-date valuation of their crypto holdings. This allows them to assess their investments’ performance accurately and make timely adjustments to their portfolio.
Decision-making: Real-time tracking empowers investors to make informed decisions regarding their crypto investments. They can quickly identify which assets are performing well and which ones are underperforming, enabling them to take appropriate actions such as rebalancing, taking profits, or hodling.
Risk Management: Tracking unrealized gains and losses in real-time helps investors manage their risk effectively. By understanding the potential gains or losses on their investments, they can adjust their strategies and mitigate potential losses.
Making Informed Decisions on Rebalancing and Profit-taking
Investors can use this feature to make informed decisions on rebalancing and profit-taking in their crypto portfolios. Koinly provides a comprehensive view of gains, losses, and income, allowing users to analyze their portfolio performance effectively. With the ability to track profits and losses in real-time, investors can assess the performance of their investments and identify opportunities for rebalancing. Koinly also offers integration with various exchanges, wallets, and crypto services, ensuring accurate tracking of holdings. By providing clear visualizations and denominated holdings in local fiat currency, Koinly enables users to make educated decisions on when to take profits or hodl. This feature empowers investors to optimize their crypto portfolios and maximize their returns.
Affordable and Cost-effective Solution
Koinly offers a budget-friendly and efficient solution for tracking crypto portfolios. Here are three reasons why it is an affordable and cost-effective choice:
Generous free plan: Koinly provides a free plan that allows for 10,000 transaction imports. This means users can start tracking their portfolios without any upfront cost.
More features for less cost: Compared to other crypto tracking solutions in the market, Koinly offers a wide range of features at a lower price point. Users can access comprehensive views of gains, losses, and income, along with support for over 700 integrations.
Positive reviews and highest ratings: Koinly is the highest rated crypto tax software on Trustpilot, receiving a stellar rating of 4.6 stars. Users praise its excellent product quality and fast support, making it a trusted and reliable platform.
Generous Free Plan With 10,000 Transaction Imports
With its generous free plan, Koinly offers users the ability to import up to 10,000 transactions, making it a cost-effective solution for tracking crypto portfolios. This feature allows individuals to easily manage and monitor their cryptocurrency investments without incurring any additional expenses. By providing the option to import such a substantial number of transactions for free, Koinly ensures that users have the necessary tools to accurately track their crypto holdings. This is particularly beneficial for individuals who engage in frequent trading or have diversified portfolios across multiple exchanges and wallets. The ability to import 10,000 transactions enables users to maintain a comprehensive view of their crypto assets, facilitating better decision-making and portfolio management. Koinly’s free plan provides a valuable and accessible solution for individuals looking to effectively track their crypto investments without breaking the bank.
Highest Rated Crypto Tax Software on Trustpilot
Excellent product quality: Users have praised Koinly for its user-friendly interface and automated calculations, which provide a comprehensive view of gains, losses, and income.
Fast support and reliable platform: Koinly has delighted users with its fast and responsive customer support, ensuring that any queries or issues are promptly addressed.
Positive reviews from satisfied customers: Trustpilot reviews from Koinly users have consistently praised the platform for its accuracy, ease of use, and comprehensive tracking features.
With its highest ratings on Trustpilot, Koinly stands out as a trusted and reliable solution for tracking crypto taxes, making it the ultimate portfolio solution for crypto enthusiasts and investors.
Fast Support and Excellent Product Quality
By providing fast support and maintaining excellent product quality, Koinly ensures a seamless user experience and reliable tracking of crypto taxes. With their commitment to delivering top-notch customer service, Koinly aims to address any user concerns or issues promptly. Their knowledgeable support team is available to assist users with any inquiries or technical difficulties they may encounter. Additionally, Koinly’s dedication to product quality ensures that users can rely on accurate and up-to-date information when tracking their crypto portfolios and calculating taxes. This attention to detail and commitment to excellence sets Koinly apart as a trusted and reliable platform for crypto tracking and taxation. Users can have peace of mind knowing that they have a dependable partner in managing their crypto investments and complying with tax requirements.
Trusted and Reliable Platform
Providing a seamless user experience and reliable tracking of crypto taxes, Koinly establishes itself as a trusted and dependable platform for crypto tracking and taxation. Here are three key reasons why Koinly is considered a trusted and reliable platform:
Advanced Automation: Koinly offers automation features that sync with over 700 integrations, including 350 exchanges, 90 wallets, and 150 blockchains. This ensures accurate and up-to-date tracking of crypto transactions.
Robust Integration: Koinly’s API support enables connectivity with various platforms, allowing users to have a comprehensive view of their holdings across different services. This integration ensures a holistic approach to portfolio management.
Positive Reputation: Koinly boasts a stellar reputation as the highest-rated crypto tax software on Trustpilot, with a rating of 4.6 stars. The platform consistently receives positive reviews for its fast support and excellent product quality, reinforcing its status as a trusted solution for crypto tracking.
With its advanced automation, robust integration capabilities, and positive reputation, Koinly offers a reliable platform for users to effectively track and manage their crypto portfolios.
Tracking Crypto Income in Fiat Currency
To accurately report crypto income to tax authorities, Koinly revolutionizes tracking by converting it into chosen fiat currency. Earning crypto through staking, mining, airdrops, DeFi protocols, or being paid in crypto can be time-consuming to track in fiat currency. Koinly saves time by identifying the fair market value of crypto income on the day received and converting it into the preferred fiat currency. It supports various fiat currencies, including USD, AUD, CAD, GBP, EUR, INR, and more. This feature ensures accurate reporting of income to tax offices, including income from mining and staking. By providing this functionality, Koinly simplifies the process for crypto investors and helps them comply with tax regulations.
Accurate Reporting of Income to Tax Authorities
Koinly ensures the accurate reporting of income to tax authorities by converting crypto income into the preferred fiat currency and simplifying the compliance process for crypto investors. Here are three key ways in which Koinly achieves this:
Automated tracking: Koinly automatically syncs with exchanges, wallets, and crypto services to track all transactions and calculate the fair market value of crypto income on the day it is received.
Conversion to fiat currency: Koinly converts crypto income into the chosen fiat currency, such as USD, AUD, or EUR, making it easier for investors to report their income accurately to tax authorities.
Compliance simplification: By providing a comprehensive view of gains, losses, and income, Koinly simplifies the compliance process for crypto investors. It helps them accurately report income from various sources, including mining and staking, to tax offices.
With Koinly, crypto investors can ensure they meet their tax obligations while saving time and effort in the process.
Frequently Asked Questions
How Does Koinly Automate the Tracking of Profits and Losses?
Koinly automates the tracking of profits and losses by connecting to exchanges, wallets, and crypto services, synchronizing transactions in real-time, and providing a comprehensive view of gains and losses. It streamlines the process, saving time and enabling informed decision-making.
Can Koinly Provide a Comprehensive View of Gains, Losses, and Income Across Different Cryptocurrencies and Fiat Currencies?
Yes, Koinly provides a comprehensive view of gains, losses, and income across different cryptocurrencies and fiat currencies. Its user-friendly interface and automated calculations ensure accurate tracking and reporting of crypto income.
How Does Koinly Integrate With Over 700 Platforms and Exchanges?
Koinly integrates with over 700 platforms and exchanges through API support, allowing users to connect and track their holdings across a wide range of cryptocurrencies and fiat currencies. This comprehensive integration ensures accurate portfolio tracking and management.
Does Koinly Support Tracking on 150+ Blockchains and Provide API Support for Thousands of Coins and Tokens?
Yes, Koinly supports tracking on 150+ blockchains and provides API support for thousands of coins and tokens. This allows users to accurately track their crypto holdings across various platforms and make informed investment decisions.
How Does Koinly Ensure Accurate Reporting of Crypto Income in Fiat Currency to Tax Authorities?
Koinly ensures accurate reporting of crypto income in fiat currency to tax authorities by automatically identifying the fair market value of received crypto income and converting it into the chosen fiat currency. This helps accurately report income from mining, staking, and other crypto activities.