How To Connect Decred with Koinly

Decred is a decentralized and self-governing cryptocurrency. It features a hybrid consensus system and has community-based governance integrated into the system. Being a community-driven cryptocurrency, it provides an alternative to money that is not only decentralized but fair and sovereign. Regardless of your investments, it's fair to say when it comes to tax time, crypto can be challenging - Koinly can help make your blockchain taxes easier.

It's simple to connect Koinly to the Decred blockchain. All you need is your public address. Once connected, Koinly imports all your trades automatically. Then Koinly does all of the work for you. It 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!

Follow these steps to download your Decred (DCR) data:

  1. For blockchains, it is usually best to sync your data through the auto-sync integration. If this is not an option for you, you can also import a CSV file.
  2. Open up your favorite block explorer for Decred (DCR)
  3. Search for your public address
  4. Find an export button (usually at the top or bottom of your transaction history)
  5. Download a CSV file with your transaction history. You may need to download multiple files if the explorer does not include all transaction types in a single file
  6. Koinly supports the CSV formats from a lot of different explorers but some formats are not supported. If your file does not import directly into Koinly, you will need to change the headers of the file to match one of our custom formats

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Decred (DCR) in the list
  3. Click on it and select "File import" in the import options screen
  4. Upload the files you downloaded from Decred (DCR) (one at a time) and click on Import
  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!
Having trouble connecting Decred (DCR) with Koinly?

How to find your Decred public address

You can find your public address in the wallet you use to interact with Decred, in most instances your public address can be generated from within your Decred wallet.

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 Decred in order for Koinly to calculate your crypto taxes correctly.

Once you have your public address, here’s how to connect to Koinly.

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