Koinly is an Android app made for individual investors and businesses operating in the crypto space. It offers transaction management, accurate tax reporting, and portfolio tracking.
Crypto transactions
This is a popular cryptocurrency tax reporting and portfolio tracking app. It is designed to help individuals or businesses manage their transactions and calculate tax obligations. There is a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.
One of the key features of Koinly is its auto import of transactions from various crypto wallets. Once they are imported, the app uses advanced algorithms to match and categorize transactions accurately. You can handle complex situations such as airdrops, hard forks, and token swaps.
In addition, Koinly offers portfolio tracking. You can monitor the performance of your cryptocurrency investments, view asset allocation, and track the value of your portfolios.
Tax reports
Similar to Scottrade, Koinly provides crypto tax reporting functionality. It generates detailed reports that are compliant with the regulations of various countries. They also include info such as capital gains, losses, income, and any applicable tax deductions.
Features
- helps individuals and businesses manage their crypto transactions;
- you can import data from various exchanges and wallets;
- there are tax reporting and portfolio tracking tools;
- app is free to download and use;
- compatible with current Android versions.
