Koinly is a powerful cryptocurrency tax and portfolio tracking software designed to simplify tax reporting for crypto investors, traders and accountants. It connects to hundreds of exchanges, wallets and blockchains to automatically import all of your crypto transactions. It then calculates your capital gains, income and tax liabilities based on the actual transaction history pulled from these sources. Koinly is not a crypto wallet or exchange — it simply aggregates and organizes your crypto transaction data to generate accurate tax reports that match your country’s requirements. :contentReference[oaicite:0]{index=0}
The platform supports integration via API or CSV uploads, which means users can sync trading history from major exchanges like Binance, Coinbase, Kraken and many more, as well as wallets like MetaMask, Ledger and other self-custody options. Koinly can even track complex decentralized finance (DeFi) activities such as staking, yield farming rewards, liquidity pool deposits, token swaps, and NFT transactions. :contentReference[oaicite:1]{index=1}
Once your transaction data is imported, Koinly automatically reconciles transfers between wallets to avoid reporting internal transfers as taxable events. It uses intelligent matching algorithms to recognize these movements and ensures that you are not taxed on phantom gains. It also classifies different types of income, such as staking, mining and airdrops, to ensure accurate reporting. :contentReference[oaicite:2]{index=2}
One of the major advantages of Koinly is its wide support for different jurisdictions and tax formats. It is able to generate reports compatible with tax filing software like TurboTax, TaxAct, and others, and supports various accounting methods such as FIFO, LIFO and others to match local tax rules. Users can preview capital gains for free and only pay when downloading the full tax report. :contentReference[oaicite:3]{index=3}
Apart from tax reporting, Koinly offers a real-time portfolio tracking dashboard that shows total holdings, profit/loss information and historical performance at a glance. This makes it useful not just for tax season, but for ongoing portfolio management as well. The platform supports multiple fiat currencies, enabling users worldwide to view results in their preferred currency. :contentReference[oaicite:4]{index=4}
Koinly also integrates seamlessly with services like ClearTax for filing crypto taxes in India, making it easier for Indian investors to import their Koinly data directly into their tax-filing workflow. :contentReference[oaicite:5]{index=5}
In summary, Koinly is an automated solution that helps crypto holders consolidate transaction data from multiple sources, calculate accurate tax liabilities, generate detailed reports and manage their portfolios effectively throughout the year. :contentReference[oaicite:6]{index=6}