We have some exciting news to share with you! After months of hard work and dedication from our tech and product teams, we at KoinX are thrilled to announce that we live in over 100 countries!
Yes, you heard that right—what started as a mission to help crypto investors in India with their tax calculations is now expanding globally to simplify crypto taxes for investors worldwide.
Our goal?
To make crypto tax reporting as easy and stress-free as possible, no matter where you are.
Road Towards the Launch
If you’ve been following us for a while, you know that KoinX has been helping thousands of crypto investors in India navigate the complex world of tax reporting. But we knew that crypto adoption wasn’t just limited to one country, nor were the challenges around crypto taxes. That’s when we realised: why not take our platform global?
The crypto space is expanding rapidly, and we saw the need to bring our easy-to-use, fast and accurate crypto tax software to crypto investors worldwide.
But that’s not all. To ensure we could serve investors in every corner of the globe, we also worked on integrating more exchanges and wallets. We now support over 300 different platforms, allowing you to import all your transactions automatically. Whether using Binance, Coinbase, or any other popular exchange or wallet, KoinX has you covered.
How Does It Work?
So, how exactly does this global version of KoinX work?
Don’t worry—it’s super simple. We’ve designed the process to be as user-friendly as possible. Here’s a quick breakdown of how you can get started:
1. Sign-Up or Login To Your KoinX Account
If you are new to KoinX, the first and foremost step is to sign up on the platform. If you are already a member, then you can log in to your account using the respective credentials.
2. Import Your Transactions
No more manually entering each trade or transaction! KoinX integrates with over 300 exchanges and wallets, allowing you to import all your transaction data with just a few clicks. Our platform automatically pulls in everything—from buying and selling to staking and trading—so you can rest easy knowing that your tax report will include all the necessary details.
3. Visit Account Settings
Once you have imported all your transactions, go to Overview and click on Edit in the Account Settings option.
4. Choose All The Necessary Details
Now, in the Account Setting Window, click on Tax and Transactions. Here, you can change all the details, including the following:
- Country: The country where you will submit your tax report.
- Base Currency: The base currency of that country or the one where you can make all the crypto transactions.
- Accounting Method: Every country has a dedicated accounting method to determine the cost basis of the sold tokens. Here, you can choose the preferred accounting method in your respective country.
- Beginning of Tax Year: Choose the date on which the tax year of your country is initiated. For example, in India, it’s the 1st of April.
- Timezone: Choose the timezone that best fits your country.
5. Select Your Taxable Transactions
Depending on where you live, not all crypto transactions are taxable. With KoinX, you can easily select which transactions are subject to tax in your country. The platform takes the guesswork out of the equation, helping you categorise everything correctly
6. Download Your Customised Tax Report
Once your transactions are sorted, you’re just one step away from getting your tax report. KoinX will generate a fully customised tax report tailored to your country’s regulations. You can download and share this report with your tax advisor.
It’s really that simple!
Conclusion
We couldn’t be more excited to share this global launch with you. Expanding KoinX to over 100 countries is a massive milestone for us, and we believe it will make life so much easier for crypto investors worldwide. Our mission has always been to simplify crypto taxes, and now we’re doing it globally. Whether you’re an experienced crypto investor or just getting started, tax season no longer has to be stressful. With KoinX, you’ll have a simple, reliable, and accurate way to report your crypto taxes—no matter where you live. We’re here to take the complexity out of the equation so that you can focus on what matters: growing your crypto portfolio.
