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Koinly Review

2

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Excellent

Revainrating 5 out of 5Β Β 
RatingΒ 
5.0
IT Infrastructure, Blockchain Software

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Description of Koinly

Bitcoin and cryptocurrency tax calculator that makes generating tax reports super easy. Simply connect your accounts & wallets via API or CSV files and let Koinly calculate your capital gains. Supports Form 8949, K4, Schedule C & many others.

Reviews

Global ratings 2
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Type of review

Revainrating 5 out of 5

Very useful platform that keeps my business compliant

I like how it is simple to use for any trader in general. It really helps with tax calculations as well which can be very helpful when dealing with IRS audits. Not much more than what you would expect from most other similar programs- but overall this one works extremely well! Tax planning has never been easier using something so user friendly. As far as trading goes - not sure if there are advantages or disadvantages of working through an app versus a desktop program (if possible). The…

Pros
  • Easy interface; easy accessability across platforms including mobile applications.
  • Very detailed account information available easily accessible by all users via search option without having too many steps involved before seeing anything relevant that could help complete your request quickly instead wasting time looking around unnecessary pages/categories just because they were listed among others.No need even trying searching multiple
Cons
  • Good but not great

Revainrating 5 out of 5

KoInLy - Great Platform For Tax Prep

I like how it is very user friendly. It has multiple ways to input data into their system. You can either upload an excel file with all of your information in one sheet, you can use csv format which is great because not everyone knows how to navigate through an Excel spreadsheet. Or you could also just manually enter all of the info, but this method takes more time. The only thing i dislike about koinly is they have a lot of fees associated with them. Their customer service doesn't seem as…

Pros
  • Very intuitive interface
  • User friendliness makes everything easy.
  • Ease at importing old transaction history files if necessary
  • Ability find transactions by date range etc