How To Do Your Crypto Tax With Koinly (Video Guide)

Filing crypto taxes can seem complicated, but Koinly makes it simple. This video guide shows you how to import your transactions, track your portfolio, and generate tax reports quickly and accurately.

Step 1: Sign Up and Log In

• Go to Koinly.io and click Sign Up
• Create an account using your email and a secure password
• Log in and complete Two-Factor Authentication (2FA) if enabled

Step 2: Connect Your Wallets and Exchanges

• Navigate to Wallets in your dashboard
• Click Add Wallet/Exchange
• Select your exchange or wallet
• Connect using API keys or CSV import for your transaction history

Step 3: Review Your Transactions

• Koinly automatically imports all your transactions
• Check for missing or incorrect entries and make adjustments if needed
• View your portfolio value, gains, and losses in the dashboard

Step 4: Generate Tax Reports

• Go to Tax Reports in the dashboard
• Select your country to ensure compliance with local tax laws
• Preview your tax report
• Download the official tax report (paid plan required)

Step 5: Watch the Video Guide

The video guide provides a visual walkthrough of all steps:

• Account setup
• Wallet and exchange connection
• Transaction review and portfolio tracking
• Generating official tax reports

Pro Tip: Pause the video at each step and follow along in your Koinly dashboard for the best results.

Security Tips

• Always use the official Koinly website: koinly.io
• Enable Two-Factor Authentication (2FA)
• Never share your passwords or private keys
• Double-check imported transactions for accuracy

Frequently Asked Questions (FAQs)

1. Do I need a paid plan to generate tax reports?

Yes, official downloadable tax reports require a paid Koinly plan. Free plans allow portfolio tracking and tax previews.

2. Can I track all my crypto transactions with Koinly?

Yes, Koinly supports 900+ exchanges, 150+ blockchains, and multiple wallets including DeFi, NFTs, and staking transactions.

3. Is Koinly safe to use?

Absolutely! Koinly uses secure login protocols and supports Two-Factor Authentication (2FA) to protect your data.

Conclusion

Koinly simplifies crypto tax filing with an easy-to-follow video guide. Beginners and advanced users alike can track transactions, review portfolios, and generate accurate tax reports quickly and securely.