Koinly is a cryptocurrency tax software platform that helps individuals and businesses track their crypto transactions and automatically calculate their tax obligations. It’s widely used by crypto investors, traders, and accountants to simplify the often complex process of crypto tax reporting.

Key Features of Koinly:

• Automatic Importing: Syncs with 700+ exchanges, wallets, and blockchains (e.g., Binance, Coinbase, MetaMask).
• Tax Reports: Generates country-specific tax reports (e.g., IRS Form 8949 for the US, HMRC reports for the UK, etc.).
• Portfolio Tracking: Lets users track gains, losses, and overall portfolio performance.
• DeFi & NFT Support: Handles transactions from DeFi platforms and NFT marketplaces.
• Multiple Accounting Methods: Supports FIFO, LIFO, HIFO, and more for accurate tax calculations.

Who It’s For:

• Crypto investors (casual or active)
• Day traders
• Tax professionals/accountants
• Anyone needing accurate crypto tax documentation