Decred is a decentralized and self-governing cryptocurrency. It features a hybrid consensus system and has community-based governance integrated into the system. Being a community-driven cryptocurrency, it provides an alternative to money that is not only decentralized but fair and sovereign. Regardless of your investments, it's fair to say when it comes to tax time, crypto can be challenging - Koinly can help make your blockchain taxes easier.
It's simple to connect Koinly to the Decred blockchain. All you need is your public address. Once connected, Koinly imports all your trades automatically. Then Koinly does all of the work for you. It calculates all your gains, income and expenses with easy-to-spot totals ready for your tax return. At tax time, simply download the Koinly tax report for your country, and you’re good to file!
How to find your Decred public address
You can find your public address in the wallet you use to interact with Decred, in most instances your public address can be generated from within your Decred wallet.
We have instructions on how to do this for a variety of popular wallets on our integration pages.
Please note: you’ll need to add your public address from every wallet you use to interact with Decred in order for Koinly to calculate your crypto taxes correctly.
Once you have your public address, here’s how to connect to Koinly.
How to connect Decred to Koinly via API
On Koinly
- Sign up or login into Koinly and head to the wallets page.
- Select add new wallet in the top right corner.
- In the search bar, search for Decred.
- Select Decred.
- Enter your Decred public address.
- Select import.
How do I troubleshoot my Decred integration to Koinly?
Something still doesn’t look right on your report? Not to worry - there’s plenty of help available:
- Head over to our help forum to see if any of our guides have the answers.
- Hit up our discussion boards - someone else might have resolved the same issue already.
- Ask us on social media - we’re on Twitter and Reddit.
- Contact us on email or live chat.