What is Koinly? About Koinly Cryptocurrency is quickly becoming a popular medium of undertaking transactions. This is due to several factors. The first being that cryptocurrency transactions are untraceable and completely anonymous. Another advantage is that it is simple and easy to complete crypto transactions. There are also multiple cryptocurrencies to select from, depending upon your preferences. As with all monetary transactions, cryptocurrency transactions also come within the purview of taxation. The law requires you to pay taxes on the cryptocurrency earnings you have. This is where Koinly enters the sphere. Koinly is a business that aims to help cryptocurrency owners complete their taxation formalities easily and conveniently. It calculates your cryptocurrency taxes and helps you reduce them for the next year. It is a simple and reliable tool that works flawlessly. The tool is available in more than 20 countries and comes with several unique features. Koinly is the perfect software for taxpayers looking to get an accurate crypto tax report. It is also suitable for businesses looking to track their inventory or accountants wishing to simplify their work. When you purchase Koinly, use the Koinly Promo Code and get fantastic discounts on your order. Advantages of Koinly Koinly is one of the best cryptocurrency management and tax calculation utilities that are available in the market. It will help you save time on downloading CSV files, formatting data, figuring out market prices, tax calculations, etc. Koinly also works with 350 exchanges and 11 services. Koinly will help you import your ETH, BTC, Tezos and other transactions directly from the ledger, sync all your exchange trading history in a single click and get a ready-to-file tax report. You will be able to import all your trading transactions easily and simply. It enables you to add your exchange accounts via API or CSV files and connect your blockchain wallets using public addresses. The utility supports DeFi, Margin trades, and Futures as well. It works with all the most popular platforms including Kraken, Nexo, BitMEX, etc. Koinly also supports Smart Transfer Matching and uses AI to detect transfers between your wallets. Additionally, you will also be able to keep track of your original cost. The software supports more than 300 cryptocurrency exchanges and wallets. Another great feature is that you will be able to preview your capital gains. You will be able to get a glimpse of your profit/loss for any tax year, that too for free. It helps you track your portfolio, see your
total holdings, Returns on Investments, and growth over time. You will also be able to view your profit/loss and capital gains as well as realized and unrealized capital gains. Koinly will help you generate the right crypto tax reports for you, whether you file taxes manually or use software. For users in the USA, the utility can generate filled-in IRS tax forms. It will also generate comprehensive tax reports as well as a crypto tax report with your long/short term disposals. You will also be able to grab awesome offers by applying the Koinly Coupon Code on your purchase. Conclusion Koinly is the perfect utility to help you track your crypto assets and taxes. You will be able to view your total holdings and portfolio growth over time. It works perfectly with all your wallets and accounts. You will be able to view your actual ROI as well as invested fiat. It will help you see how much you have invested in your coins. You will easily be able to find and fix issues with your transactions. You will also be able to start for free and the pricing plans are very flexible and affordable. Using the Koinly Discount Code will ensure you get the greatest rewards as well. The software provides an income overview as well as an overview of your mining, staking, lending, and other crypto income. Profit/Loss, as well as capital gains, are easily viewable and manageable. You will no longer need to shuffle forth and back between different accounts and wallets. Easily sync your data to Koinly and get a complete picture of all your trading activity. It has automated data import, works with over 17,000 cryptocurrencies, and 50 blockchains. The best part is that you get spectacular savings by using the Koinly Voucher Code on your purchase.
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