How To Do Your CoinEx Tax With Koinly

Connect CoinEx with Koinly to calculate your crypto tax

CoinEx is a professional crypto exchange, founded in 2017. Since its launch, the platform has grown to offer investors around the world more than 600 cryptocurrencies and a variety of other products including futures, mining pools and even a multi-million-dollar charity fund. Whatever your CoinEx investments, Koinly can help with your crypto taxes.

How are CoinEx transactions taxed?

Crypto tax varies depending on where you live and your tax office. However, in general crypto is subject to two taxes in most countries - Income Tax and Capital Gains Tax.

Capital Gains Tax: Whenever you sell or swap crypto on CoinEx, you'll likely pay Capital Gains Tax on any profits.
Income Tax: Whenever you earn new tokens on CoinEx - like interest through a CoinEx Financial Account or earning coins through CoinEx Learn to Earn - you'll pay Income Tax upon receipt of those tokens, based on the fair market value (in your fiat currency) on the day you received them.

Want to know how crypto is taxed in your country? Read our crypto tax guides.

Does CoinEx provide tax documents?

No. CoinEx does not provide tax documents for users. Instead, users need to get their CoinEx transaction history and either calculate their taxes themselves or use a crypto tax calculator to help them.

How to get your CoinEx tax report with Koinly

Doing your CoinEx taxes with Koinly couldn't be simpler. CoinEx connects to Koinly via API to automatically fetch your transaction data, or you can upload a CSV file of your transaction history.

Once connected, Koinly becomes the ultimate CoinEx tax tool. Koinly calculates your CoinEx taxes, including capital gains, losses, income and more and generates your CoinEx tax report. All you need to do come tax time is download your report and file with your tax authority.

How to connect CoinEx and Koinly via API

On CoinEx

Log in to CoinEx.
In the top right corner, select account.
From the drop down menu, select API management.
Select create API.
Give your API key a name, for example, Koinly.
Enter your TOTP code.
Select create.
Copy your API key and secret key.

On Koinly

Sign up or log in to your Koinly account and go to the Wallets page.
Select add new wallet: CoinEx.
Select set up auto-sync.
Paste the API key and API secret into Koinly.
Select secure import.

How to connect CoinEx and Koinly via CSV

On CoinEx

Log in to CoinEx.
In the top right corner, select assets.
From the drop down menu, select history.
Pick a date range. This should cover your entire trading history on CoinEx.
Select export.
You'll notice in the left hand menu, under history, you'll be on the spot trades history section. If you have other trades, like margin trades or futures, you'll need to download this file by selecting the relevant transaction type from the left hand menu and repeating steps 3 to 5 above.

On Koinly

Sign up or log in to your Koinly account and go to the wallets page.
Select add new wallet: CoinEx.
Select import from file.
Upload your CSV file(s).

Does CoinEx report to the IRS?

CoinEx is one of the few large crypto exchanges left with minimal KYC verification in place - you'll only need to complete KYC verification for withdrawals over $10,000. With this in mind, it's unlikely CoinEx is reporting to the IRS, however, as a large, centralized exchange, its likely CoinEx is facing pressure from tax offices around the world to improve KYC verification processes and ensure tax compliance.

How do I check if my CoinEx import is accurate?

If you need help connecting CoinEx and Koinly, try these helpful links:

Try our help center for user guides.
Search the FAQs in our discussion boards.
Ask us - we’re on Twitter and Reddit.
No luck? Contact us.

It's really helpful to use our Getting Started Guide before reviewing your transactions. This can help you identify and resolve any issues in no time at all.