How to do your Finst taxes with Koinly
Finst is a Netherlands-based exchange offering trading in over 340 cryptocurrencies with low fees and an emphasis on security and transparency. But if you have Finst transactions, you may have a tax bill. Koinly can help. Here's how.
Follow these steps to download your Finst data:
- Log in to your Finst 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 Finst in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Finst (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 Finst?
Finst is a Netherlands-based cryptocurrency exchange that enables users to buy, sell, and hold over 340 cryptocurrencies with a flat trading fee of 0.15% per trade. Registered with the Dutch Central Bank as a Crypto Service Provider, Finst emphasizes security and transparency by segregating client assets and providing Proof of Reserves. The platform offers features like crypto bundles for diversified investing, flexible staking with rewards up to 10% annually, and automated investment plans through its Auto Invest feature. Users can access Finst via desktop or mobile applications, with support for instant funding through methods like iDEAL and SEPA bank transfers.
Is Finst safe?
Finst is considered relatively safe, with strong security features like two-factor authentication, device pairing, data encryption, and instant alerts. Client assets are held 1:1 and stored separately in a Dutch bank, while crypto assets are protected using Fireblocks' MPC technology. It's registered with the Dutch Central Bank and provides Proof of Reserves through independent audits, showing transparency and regulatory compliance. However, like all crypto platforms, risks still exist, so users should stay informed and cautious.
Does Finst provide tax documents?
No, Finst 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 Finst as a CSV file and upload this to Koinly to import your data. Koinly will then calculate your gains, losses, income, and more from Finst and generate your tax reports.
