How To Create Your Account on KoinX In 5 Easy Steps
Cryptocurrency trading can be complex, but calculating taxes doesn’t have to be. KoinX simplifies the process by integrating with your wallets and exchanges, automatically classifying transactions (staking, airdrop, trading, etc.), and calculating your crypto profits and losses precisely.
Instead of manually tracking everything in an Excel sheet, KoinX fetches real-time market data, automates calculations, and generates error-free tax reports—fast, intelligent, and effortless. No formulas, no headaches—just accurate, hassle-free crypto tax reporting.
How Accurate is KoinX?
Just ensure that the data you import is accurate, and KoinX will ensure 100% accuracy in your tax reports. That’s why it’s crucial to ensure all your transaction details—deposits, withdrawals, trades, staking rewards, etc—are uploaded correctly before generating your crypto tax report.
How to Generate Your Crypto Tax Report with KoinX in 5 Easy Steps!
Step 1
Sign Up and Set Up Your Profile
- Create your KoinX account by signing up with a phone number or email ID.
- Complete your profile setup. Add your country and integration.
Step 2
Integrate Your Exchanges & Wallets
To generate accurate reports, you need to import all your transaction data.
Here’s how you can do it:
- Navigate to the Integrations Page after logging in.
- Click “Add Integration” to start adding your wallets and exchanges.
- Search for the exchange or wallet you want to connect.
- Upload the transaction history file (Direct Connect, API integration, Direct upload) from your exchange/wallet.
- Follow KoinX’s on-screen instructions to complete the import.
- Repeat for every exchange/wallet you’ve used.
Pro Tip: KoinX supports 300+ exchanges and wallets. You can visit the integrations page for a complete list with step-by-step import instructions. In case you cannot find your integration, contact at support@koinx.com.
Step 3
Let KoinX Process Your Data
Once you’ve imported your transactions, KoinX will:
- Match transfers between your wallets to avoid duplicate entries.
- Merge multiple trades executed at the same time.
- Fetch real-time market values of deposits, staking rewards, and more.
- Detect missing data, such as transactions without cost basis.
- Calculate capital gains and determine the tax impact for each transaction.
Processing time varies depending on the number and complexity of your transactions
Step 4
Review Your Transactions
After processing, head to the Transactions Page (opens in a new tab) to:
- Get an overview of all transactions and your taxable income.
- Identify any inconsistencies or missing data before finalizing your report. If everything looks good, you’re ready to proceed!
Step 5
Generate Your Crypto Tax Report
- Select the correct tax year from the drop-down menu.
- Scroll down and click “Generate Now”.
- Choose a tax plan that best suits your needs and make a secure payment.
- Then go to the Taxes Page (opens in a new tab) and click “Generate Now.”
- Your tax report will be emailed to your registered email ID.
Why Choose KoinX?
- All-in-One Crypto Tax Solution - No more manually tracking transactions.
- Accurate Calculations - Automatic fetching of market rates and cost basis.
- Time-saving & Easy-to-Use - Just upload, review, and generate reports!
- 300+ Exchange & Wallet Integrations - A seamless experience. Get started with KoinX today and simplify your crypto tax journey!