Kraken & Koinly Team Up To Tackle Crypto Taxes
Let's face it, crypto taxes are painful. But we've got some good news: Kraken and Koinly have teamed up to make reporting your crypto gains, losses, and income to your tax office that much easier come the tax deadline.
Tax offices around the world have been laser-focused on crypto in recent years, from warning letters to wash sale notices, the taxman's eye is on crypto. All this to say, it's important you report your crypto accurately.
Announced in February 2025, this partnership aims to simplify the process of tracking and reporting taxes and break down barriers to the mainstream adoption of crypto. Let's take a closer look at how it works.
2 easy ways to connect Kraken with Koinly
Koinly is the crypto tax calculator trusted by over 1 million crypto investors worldwide and the leading crypto tax calculator globally. That's because Koinly is both excellent at working out crypto taxes and incredibly easy to use. For Kraken, Koinly offers 3 fast integration methods:
SSO: Connect Koinly to Kraken directly from either Kraken or Koinly for automated, easy data import.
️API: Generate API keys in Kraken and add them to Koinly to automatically import your transaction data.
️CSV File Upload: Download your Kraken transactions as a CSV and upload them to Koinly instantly.
SSO
In Kraken, just head to documents, scroll down to tax reporting, and select connect to Koinly. The instructions are slightly different for the Kraken app (go to account then features). Conversely, if you want to connect from Koinly, go to wallets, select Kraken, and select auto-sync, where you'll be prompted to continue to Kraken to authorize access.
API
Simply generate your read-only API key in Kraken and add your key and API secret to Koinly. Koinly only ever has read-only access to your transaction data, so you don't need to worry about there being any access to your funds. Once you've added your API key, Koinly automatically imports your transaction data from Kraken and calculates your gains, losses, income, and more.
CSV file upload
If you prefer not to use API keys, then the CSV upload is what you need. Simply download your Kraken CSV file and upload it to Koinly. It's straightforward and puts you in control.
Learn more about how to connect Kraken to Koinly.
Take the stress out of tax time
Kraken and Koinly's partnership is a big step forward in making crypto taxes less hassle for crypto investors. It's not just about making tax season less stressful; it's about making crypto finance easier to manage for everyone.
