Five Reasons Why Koinly Is the Best Crypto Tax Software
stand out from the competition, and this article will present five key reasons why Koinly is actually the best crypto tax software in the world today. These include a wide range of exchange and wallet integrations, DeFi support, Cardano support, support for liquidity transactions, and compatibility with multiple countries.
Most importantly, have all the transactions in one place, thanks to Koinly’s integration with 350+ exchanges , 50 wallets and 11 services . No more going back and forth between different platforms. Easily sync data to Koinly and get a complete picture of all trading activity.Koinly can also automatically import all trades and liquidity transactions from Uniswap, Sushiswap, Cream, Value, Balancer, PancakeSwap and many other DeFi platforms when a user creates a new, BSC or Polygon wallet.
Koinly crypto tax software calculates all crypto taxes for individuals, including DeFi taxes. Someone needs to sync the wallets and exchanges to use with Koinly through API or import a CSV file of their crypto transactions. Koinly will identify different crypto transactions and apply the relevant taxes. The data should be labeled automatically, but if it is not, a user can tag DeFi transactions as loan interest, an interest payment received from the pool, as sent to the pool, or as a reward.
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