How does it work?
The first step is to download all your transaction data from Bilaxy and upload them into Koinly. There are a few ways you can do that:
- Koinly doesn't support the Bilaxy API just yet, so you'll need to download your transaction files as a CSV file from Bilaxy and upload this file(s) to Koinly. Koinly will then import your transaction history, identify your taxable transactions, and calculate your gains and losses.
- If the above method is not possible for you and you don't have many transactions, you can even add the transactions one by one easily straight from your Koinly dashboard.
If you import CSV files, you must make sure to import your deposits/withdrawals and trades for ALL previous years and not just the current one!
That's pretty much it. The only other thing to be vary of is to tag your airdrops/forks so they show up as income on your generated cryptocurrency tax reports!