How to do your Coinrule taxes with Koinly
Coinrule is a beginner-friendly trading and bot platform that can help investors automate their transactions across multiple exchanges. But if you have Coinrule transactions, you may have a tax bill. Koinly can help you figure out your tax liability, it just needs your Coinrule transaction history. Here's how it works.
Follow these steps to download your Coinrule data:
- Log in to your Coinrule account
- Go to the transactions history page
- Export/download your transaction history for ALL years of trading (check with their support if you can't find this)
- Manually check that the file contains all your deposits, withdrawals and trades
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Coinrule in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Coinrule (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 Coinrule?
Coinrule is an automated cryptocurrency trading platform that allows users to create custom trading strategies without needing to code. It uses a simple rule-based system similar to "if-this-then-that" logic, making it accessible for both beginners and advanced traders. The platform supports multiple exchanges, offers pre-built strategy templates, and includes features like backtesting and demo trading with virtual funds. Coinrule emphasizes security by not requiring access to users’ private keys or withdrawal rights. It has various pricing plans, from a free tier for beginners to premium options for professional and enterprise users.
Is Coinrule safe?
Coinrule is considered a safe platform for automated crypto trading, using strong security measures like AES-256 encryption for data and API keys, and not requiring access to users' private keys or withdrawal rights. It also employs TLS 1.2+ for secure data transmission and uses Cloudflare for protection against DDoS attacks. While there have been no known breaches, users are encouraged to follow best practices like enabling two-factor authentication, using strong passwords, and monitoring account activity to maximize security.
Does Coinrule provide tax documents?
No, Coinrule doesn't provide tax reports, but you can use a crypto tax calculator like Koinly to generate these instead. Just export your transaction history from Coinrule as a CSV file and upload this to Koinly to import your data and let Koinly calculate your taxes.
