To get started, simply connect Koinly to the Elrond blockchain via your public address or CSV file upload. Once connected, Koinly imports all your trades automatically. Next, Koinly 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!
You can find your public address in the wallet you use to interact with the Elrond blockchain - for example, Elrond Wallet, Trust Wallet or Ledger.
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 EGLD in order for Koinly to calculate your crypto taxes correctly.
Depending on the EGLD wallet you’re using, you may be able to export a CSV file of your transaction history from your wallet. We’ve got instructions on how to get a CSV file from a number of crypto wallets on our integration pages.
We recommend checking through your imported transactions on Koinly to see if everything is imported, and that your transactions are correctly tagged.
Koinly’s crypto tax software is smart, but incorrectly imported data can cause issues.
Checking your transactions and correcting any inaccuracies lets Koinly calculate and generate the most accurate tax reports for you. There are a few simple steps you can follow to make sure your tax report is accurate:
Koinly can’t identify transfers from deposits or withdrawals if it doesn’t have your entire transaction history - so make sure you’ve connected every single wallet, exchange and blockchain you use with Koinly.
If there’s an issue with a specific wallet, Koinly will flag it with a small yellow icon - click the icon to find out what the issue is and how to resolve it.
Sometimes a given API doesn’t include all your transaction data, or your CSV file might be missing certain kinds of transactions - so it’s important you check everything has been imported to Koinly correctly.
Finally, review the tags on your transactions. Koinly will normally do this automatically, but there are some instances when transactions like rewards or mining income aren't marked in the imported data. It's always good to double check your transactions and use the tags as they apply to your country’s crypto tax rules (find your crypto tax rules). Here’s the tags you can use and when to use them.
Withdrawal tags (sending crypto)
Deposit tags (receiving crypto)
Something still doesn’t look right on your report? Not to worry - there’s plenty of help available: