How to do your Kanga taxes with Koinly
Kanga is a cryptocurrency exchange used for buying, selling, and other daily crypto use. It includes several features such as staking pools and a launchpad.
If you're trading on Kanga, you may need to pay tax. Koinly can calculate your Kanga crypto taxes with your transaction history. Here's how to export and upload it.
Follow these steps to download your Kanga data:
Files needed:
- Transaction history
- Transfers history
Transactions History
- Log in to Kanga
- Click on "Wallet" in top-right
- Click "Transactions" in the left sidebar
- Click the "Download" button
- Select the date range (you need your full history from the day you started using Kanga)
- Click "Download"
Transfers History
- Log in to Kanga
- Click on "Wallet" in top-right
- Click "Transfers" in the left sidebar
- Click the "Download" button
- Select the date range (you need your full history from the day you started using Kanga)
- Click "Download"
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Kanga in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Kanga (one at a time) and click on Import
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Kanga?
Kanga is an EU-based blockchain built for daily crypto activities (buying, selling, staking), with support for many of the main chains, including BSC, ETH, Solana, Polygon, and Avalanche. It has over 100 spot markets and features 'Kangastarter', a launchpad for early investment into upcoming blockchain projects. The exchange has its own token, KNG, which it encourages users to stake by offering rewards and allocation in all initial coin offerings (IEO).
Is Kanga safe?
According to reviews, people believe Kanga to be higher risk than other chains. It has basic security features for all accounts (e.g., 2FA and KYC) and the option for additional security features, such as anti-phishing codes and new withdrawal address locks. From publicly available information, it hasn’t faced any major security breaches, although some users have been targeted by phishing attacks. As always, when using any exchange, it’s best to DOYR regarding best security practices, such as storing large amounts of crypto offline in cold wallets, so you can keep your assets as safe as possible.
Does Kanga provide tax documents?
No, Kanga does not issue tax documents. Using a crypto tax calculator, like Koinly, can help resolve this issue. By syncing your Kanga transaction history with Koinly, it will calculate your gains, losses, and income, and produce specialized country-specific tax reports.
