Koinly
Being a cryptocurrency trader, it is important to keep a track of your entire crypto movement from the tax reporting perspective and knowing how well your portfolio is performing. With one-time Koinly login, you can instantly get access to crypto taxes along with tracking your portfolio. Besides that, the platform helps crypto investors consolidate transaction data from multiple platforms including wallets, exchanges, and blockchains.
After consolidating the data from these channels, Koinly calculates capital gains and losses, generates tax reports, and track digital assets. This guide explains how you can sign into your Koinly account, sign up for a new one and what features you can access after logging in.
If you already have an account on the platform, logging in is like a piece of cake. Here’s what the process looks like:
You can jump directly to the Koinly login website via https://app.koinly.io/login.
Or go to the official website and then select the “Sign In” button.
Next up, you need to provide the email address associated with your Koinly account.
Enter the password that you have assigned to this account.
After filling out the login form, select the login button to access your dashboard.
After logging in, you can easily gain access to your crypto portfolio, the transactions you have imported in the past, wallets, exchanges, tax calculations along with available reports.
Note: Since Koinly supports multiple account and authentication methods, if you have an account connected through Google or supported partners, then you have to follow a specific login process other than the one mentioned above. To ensure security, make sure you are signing in only through official channels.
If this is the first time that you are going to use this platform, signing up for an account is necessary. Just provide some basic details and your account will be ready in a while. To create an account:
Go to the official website- https://koinly.io/
Select the blue-colored “Sign Up” button at the top.
Enter your name and email address in the given slots.
Set up a strong password for Koinly login.
When asked, complete the account verification process.
Sign in to your account to see if everything works fine.
There are different account types you can choose on Koinly:
Individual
Business
Accountant
Each account types have specific and some common features such as importing crypto transactions, reviewing and adjusting transaction history along with generating tax reports. And the best part is, Business account comes with accounting platforms such as Xero and QuickBooks.
The platform is not just a crypto portfolio tracker, it also focuses on helping you organize crypto transaction data along with letting you calculate your tax obligations. On Koinly platform, you can currently connect 800+ exchanges, blockchains and wallets. Here are the key Koinly features you will get access to after signing into your account:
Crypto transaction tracking: You can easily import withdrawals, trades, depoists and other activity related to your crypto transactions.
Exchange and wallet integration: Easily connect to multiple crypto-related channels.
Capital gains calculation: Through this platform, you can easily calculate your cryptocurrency gains and losses in real time on the basis of imported transaction data.
Crypto income tracking: Besides that, it has made it pretty easy to identify activities such as staking rewards and other income transactions.
Portfolio tracking: Keep a track of your crypto balances and portfolio performance across multiple channels such as wallets and platforms.
Transaction management: The platform allows you to manage transactions by reviewing, categorizing, and adjusting imported transactions.
Tax reports: Most users use Koinly for this specific purpose i.e. generating cryptocurrency tax reports.
DeFi and NFT support: Import as well as organize relevant activity from supported DeFi and NFT platforms.
Dashboard: The dashboard comes with extensive list of features letting you view cost basis, realized gains, portfolio value, income, expenses, unrealized gains, and other transaction information.
The best thing about Koinly is that it automatically fetches token market rates, matches transfer between wallets, calculates profit, and indentifies certain crypto activities based on the transaction information imported into the platform.
If, due to any reason, you are not able to sign into your Koinly account, there are a few things you can try to get back into your account without a further ado:
Check login details: This is the basic check you must perform. First of all, make sure that you are using the correct email address, password and authentication method. If you have signed up using your Google account, opt for the Koinly Google login on the signing in page.
Reset your password: If your account is creating trouble or you cannot remember your password, use the “password reset” option on the login screen.
Clear cache and cookies: Long-stored cache or cookies may create a hurdle while you try to access your account. Hence, make sure that you clear cache and cookies from your system if any such problem arises.
Koinly supports logging in through Google and Revolut. However, the only thing necessary in this scenario is that Koinly allows logging in using the same Google or Revolut email address that you have used on Koinly. Disntintive emails may not work.
After linking one of these accounts, email and password login gets disabled by Koinly. Hence, after linking your account, choose the “Continue with Google” or “Continue with Revolut” to access your Koinly account.
As a crypto trader, you must start using Koinly for the advanced and efficient trading features that it comes with. Through this platform, you can easily fulfil all the tax related obligations related to your crypto transactions along with keeping a track of your portfolio, all under a single dashboard.
Yes, Koinly is legitimate and safe due to multiple reasons. First of all, when your connect your crypto wallet or exchange account to it, it only asked for “read-only API keys.” Secondly it doesn’t gain access to your funds or private keys and uses strict encryption in-transit (TLS/SSL) and holds official certifications like SOC 2 compliance.
No, it does not report your tax information or transaction data directly to the IRS. It simply works as a software tool that helps you calculate your capital gains, losses, and crypto income.
Koinly simply works as a crypto tax calculator and portfolio tracker, not a cryptocurrency exchange or wallet which means you cannot withdraw money from Koinly.
Using Koinly is actually very easy. All you need to do is set up your account on the platform and then link your cryptocurrency exchange and/or wallet to it.