How To Integrate Your Blockchain Wallets On KoinX: A Step-by-Step Guide
Keeping a close check on transactions is essential as both DeFi and the token supply are on the rise. KoinX makes it easy and stress-free to handle your taxes and investments whether you use Bitcoin, Ethereum, Solana, or Polygon.
With KoinX, it's easy to keep track of your portfolio and file your taxes better. It offers key insights into your investments, earnings, and asset management. By linking your wallets, you can keep up with market prices, get the most out of your investments, and make sure you always comply with tax regulations.
How Accurate is KoinX?
Just make sure the data you entered is correct, and KoinX will make sure that your tax returns are accurate at all times. Hence, it is very important to make sure that all of your transaction information- including deposits, withdrawals, trades, staking rewards, and more, is properly uploaded before you create your crypto tax report.
Follow this step-by-step guide to integrate blockchain wallets with KoinX.
Step 1: Create Your KoinX Account
- Go to the KoinX Get Started page.
- Sign up by creating your account.
You can sign up with your email address, phone number, or Google account.
We will send you a one-time password (OTP) to your email address or mobile number for confirmation. This OTP is valid for 5 minutes.
Then, navigate to https://app.koinx.com/add-wallet (opens in a new tab)
Step 2: Connecting Wallets
KoinX works with more than 180 platforms, like Binance, Coinbase, and Kraken.
- After logging in, navigate to the Integrations (opens in a new tab) tab on your KoinX dashboard.
- Use the search box on KoinX to find the wallet you want to integrate.
- To proceed, click "Add Integration".
Note: Make sure to send all transaction files, like payments, withdrawals, and trades, to calculate taxes correctly.
Step 3: Choosing your desired wallet
KoinX works with different wallets like MetaMask, Coinbase Wallet, and Trust Wallet.
In the Integrations tab, select your choice of wallet from the list of available options.
Step 4: Entering the public address of your selected wallet
Enter your public address or blockchain domain in the shown field.
Click “Submit” to start the process of integration.
Step 5: Wait for the integration to complete on the loading screen
- After you click “Submit”, KoinX begins the process of integration by verifying the transactions linked to your wallet.
You will see the changes reflected on your dashboard after the process is completed, which takes about a minute.
Step 6: View Your Crypto Tax Summary
- After successful integration, you'll be taken to the Overview page.
- In the “Overview” tab, you can view your tax information, including the TDS Summary and the overall Crypto Tax Summary.
By following these simple steps, you can effortlessly sync all your wallet integrations on KoinX, keeping your cryptocurrency data consolidated and up to date. This function, when used on a regular basis, assures correct portfolio tracking and tax filing, saving you time and effort.