koinly cost basis wrong

Is the API option reliable or should I try and get .CSV files and upload them? To start with Koinly, you create one such wallet for, say, one of the exchanges you were trading on. but however, it doesn't support all of tax . The limit is 3,000 transactions and theres email support included. CaptainAltcoin.com does not offer any sort of financial or investment advice. income report Koinly can create a statement with all your Airdrops, Forks, Staking Rewards, DeFi, and other income transactions. Pricing is also reasonable so I highly recommend anyone who needs assistance with their crypto tax return use Koinly. I think it is still the customer service department what makes the difference between different solutions for your needs. Written by Robin Singh . Koinly review January 2023 | finder.com All rights reserved. This equals a classic portfolio tracker app that gives you oversight of your crypto holdings across different platforms and services. Should I add wallets, or only exchanges? This is certainly a learning opportunity for us based on what you've shared here. This means coverage of some obscure coins and tokens is variable. So, a manual transaction is made. Has anyone got any advice on using Koinly and how to simple get the cost basis for all the coins I hold now. None of it makes sense. Perfect! This needs to be a top feature I am disappointed it's not even available. It is not an offer to buy or sell any security, product, service or investment. Below is a graph with supported countries: As we mentioned earlier, Koinly is not only for spot trading but rather a comprehensive tool that recognizes various types of crypto transactions: There are 4 different pricing packages on Koinly one free and 3 paid. Other transactions are messed up too. In my experience, Koinly is a total waste of time. CGT is a tax on the profit you make when you sell an asset that has increased in value. Thank you, Koinly. Since Koinly records capital gains and losses each asset, its easy to know which coins to sell and how much youll lose. I had an similar issue of having my manually editted cost-basis not functioning correctly. Artjoms was quick to respond and solutions-based all the way! I don't know why I'd ever leave. The cost basis is way too low, as I know I didn't buy ETH for 170! Date of experience: 24 January . Best of all, Koinly's APIs were able to integrate with Kraken's margin trades and all of Kucoin's history. One of Koinlys strengths is that it broadly caters to every experience level. and turned out I was tracking it that way mentally but according to FIFO the ones I already had were going out first. It will automatically import your transactions, calculate all the market prices at the time of your trades, match transfers between your own wallets (so you dont pay taxes on these transfers), calculate your crypto gains/losses, and generate your crypto tax reports!

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