Join a global community of crypto investors. KoinX supports crypto tax calculation and accounting across 100+ countries, seamlessly syncing transactions from exchanges and wallets worldwide.
Our platform is packed with advanced features, including real-time market data, in-depth analysis, and reporting. It has also been cleverly designed to simplify and expediate the process of tax report generation.
KoinX has the support of some of the world's most prominent business leaders, including Polygon founder Sandeep Nailwal, OYO's Chief Strategy Officer Maninder Gulati, and others.
Sandeep Nailwal
Co-Founder - Polygon
Siddharth Malik
Global CEO - CleverTap ex-Chairman, CRO - FreshWorks
Navin Gupta
Managing Director - Ripple
Utsav Somani
Partner - iSeed
Maninder Gulati
Global Chief Strategy Officer- OYO
Ajeet Khurana
ex-CEO ZebPay
and 40+ Angels
Listen to what users are saying?
Frequently Asked Questions
Is Cryptocurrency taxed in UK?
Yes. Cryptocurrency is considered an asset in the UK. Hence, it is subject to capital gains tax. Any profit from the sale or exchange of cryptocurrency must be reported, and taxes on the gains must be paid.
Are crypto-to-crypto trades taxed?
Yes. Exchange/transfer of cryptocurrency is taxable. If you exchange Bitcoin to Ethereum, the HMRC calculates it as separate transactions.
Can I avoid paying taxes on my crypto holdings?
No, it is not advisable nor legal to avoid paying taxes on your crypto holdings. Cryptocurrency transactions are subject to capital gains tax (CGT), and attempting to evade taxes can result in fines, penalties, and a damaged financial reputation. HM Revenue & Customs (HMRC) has clear guidelines on reporting and paying taxes on crypto gains.
Is buying crypto taxfree?
It depends. If you buy crypto with fiat currency, you are not taxed. But if you're trading one cryptocurrency to acquire another, this event is taxed by HMRC.
Should I pay taxes on my cryptocurrency holdings that I haven't sold yet?
No. You don't have to pay taxes on the cryptocurrency that you hold. Cryptocurrency is only taxable when you sell it or exchange it.
Get More Out of Crypto with KoinX
Free Features
Use our extensive range of high-tech tools and keep up with the times. Pay nothing.