How To File Your Taxes With Koinly is a popular altcoin exchange, offering traders 180 different coins in nearly 400 different cryptocurrency markets. The site also offers advanced trading options like margin trading and liquidity mining.


Follow these steps to sync your data automatically to Koinly:

  1. Log in to your account.
  2. Click on your profile icon.
  3. Select API management from the drop-down menu.
  4. Select APIv4 keys.
  5. Select create new API key.
  6. Under permissions, check the spot/margin trade and wallet boxes.
  7. Select read-only for both.
  8. Select confirm and create.
  9. Enter your fund password and complete the 2FA.
  10. Copy the API key and the API secret and add them to the fields in Koinly.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find in the list
  3. Select API > Paste the API keys you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Notes / Limitations
  • HODL&Earn transactions are not provided by this API
  • Startup Sales are not provided by this API
  • Dust conversions are not provided by this API
Having trouble connecting with Koinly?

Does report to the IRS? withdrew services from the US market in March 2022 due to regulatory issues. As such, it's unlikely the exchange shares any KYC data with the IRS.

How to file taxes?

You need to report any gains, losses, or income from your investments to your tax office, usually as part of your annual tax return. You need to start by calculating your crypto gains, losses, and income. You can do this yourself, or use a crypto tax calculator like Koinly and save hours. Koinly does all this for you and generates your crypto tax report, ready to file with your tax office.

Your frequently asked questions

Is allowed in the US?
How do I get a CSV?
Is IRS compliant?
Does issue 1099 forms?
Does have proof of reserves?
Is safe?
Where is based?
Is closing down?