Koinly is a cryptocurrency tax reporting and portfolio tracking tool. It helps individuals and businesses who trade or invest in crypto to calculate their tax obligations based on their crypto transactions.

🔍 What is Koinly?

Koinly is an online platform that:

• Connects to your crypto wallets, exchanges, and blockchains.
• Automatically imports and tracks your transactions.
• Calculates your capital gains, income, and losses.
• Generates tax reports compliant with your country’s regulations.

✅ What is Koinly Used For?

1. Crypto Tax Reporting

• Automatically calculates gains/losses.
• Generates tax reports such as:
• Form 8949 (USA)
• Capital Gains Summary
• Income Report (e.g., staking, airdrops)
• Full Tax Report for your accountant

1. Portfolio Tracking

• View your entire crypto portfolio in one place.
• Track profits, losses, and market value in real-time.

1. Time-Saving for Tax Season

• Eliminates manual calculations.
• Makes it easy to stay compliant with local tax laws.

🌍 Who Uses Koinly?

• Crypto investors & traders
• NFT and DeFi users
• Tax professionals
• Individuals in over 20+ countries, including the USA, UK, Canada, Australia, and EU nations.

If you'd like a comparison with other crypto tax tools or need help setting it up, I can assist with that too.