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KoinX is a India's first crypto tax calculation platform built for tax professionals making crypto tax accounting a breeze
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Our Core Features
KoinX enables tax professionals and accounting practices with right solution to upscale your crypto tax offering effortlessly and grow your business.
Intuitive insights
360 degree view of year-round client portfolio, market projections and ecosystem updates
High Accuracy Tax Reports
Generate TDS, Advance Tax and ITR compliant crypto tax reports for your clients
Seamless Integration
Track reconciled transaction data from clients across 17,000+ crypto currencies and 6+ exchanges
Client Management
Invite and onboard your clients and connect different integrations effortlessly
Creating Value with KoinX
Increase Revenue up to 60%
Supercharge your accounting and consulting service with KoinX enabled crypto tax offering. With this solution -
- Get listed in our tax professionals directory and acquire new clients
- Upsell your existing client base with real-time cryto tax calculation on top of traditional accounting service
Sync Transactions Across Sources
You don’t have to worry about collection and reconcilation of data. KoinX automatically syncs all transaction from your individual client profiles with deep exchange integrations. Compatible with -
- 17,000+ cryptocurriences
- 200+ exchanges
- Trades and P2P transactions
Stay Compliant and Ahead of the Curve
Hassle-free experience of previewing and downloading tax reports for your clients all the year round and boost crypto tax accounting efficiency. Our real-time generated reports are -
- TDS Compliant
- Advance Tax Compliant
- ITR Compliant
Make more money for your practice, starting today
Onboard for free and start generating reports in minutes
Backed by
Entrepreneurs, CXOs and Business Leaders of World's Leading Companies
Sandeep Nailwal
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
Frequently Asked Questions
I have only made losses in crypto. Do I still need to file taxes?
Yes. You must declare and report your gains/losses depending on the resident country. Investors might have to pay tax, regardless of overall profit or loss. In most countries, Taxes are realized at the time of the transaction and not on the overall portfolio position at the end of a financial year.
How can KoinX help?
Import your transactions on KoinX. KoinX automatically fetches the market prices at the time of trades, matches transfers between your wallets, calculates your crypto gains/losses, and generates compliant crypto tax reports!
How are cryptocurrencies taxed?
Cryptocurrencies are taxed when you sell or trade your crypto holdings. The tax is calculated on the difference between the selling and purchase prices. This is known as Capital Gains Tax and must be paid in most countries, including the USA, UK, Australia, India, and Germany.
Can I offset crypto losses against income?
The rules for this practice differ globally. In some countries, you can offset crypto losses against other gains, which can help reduce your tax liability. However, a few countries do not allow investors to offset crypto losses.
Do I have to pay taxes on transferring cryptocurrency between my own wallets?
Transferring crypto assets between your wallets doesn't trigger a taxable event. However, it is advised that you maintain records of these transactions for reporting purposes.
Are there global regulations for crypto-to-crypto transactions?
In most countries, crypto-to-crypto transactions are considered taxable events. which means that you are liable to report and pay taxes on these transactions. However, regulations may differ as per location.
Can I reduce my crypto tax liability?
You can reduce your overall crypto tax liability through strategies like tax loss harvesting, holding onto assets for longer to qualify for lower tax rates, and utilizing tax-advantaged accounts when available.
What is the capital gains tax on cryptocurrencies?
Capital gains tax is the tax you pay on the profit you make from selling or trading cryptocurrencies. If you hold a crypto asset for more than a year, the gain is considered a long-term capital gain, generally taxed at a lower rate than short-term gains.
How do I keep track of my crypto transactions for tax purposes?
It's essential to maintain accurate records of all your cryptocurrency transactions, including dates, amounts, transaction type, volume, and counterparties. Crypto tax software like KoinX can help streamline this process and minimize tax burdens.
Are there any tax deductions or exemptions for cryptocurrency gains?
A few deductions and exemptions may apply, such as gas fees, mining expenses, or business-related crypto expenses. It may differ as per local tax laws. Hence, it is advisable to consult with a tax professional.
Are cryptocurrency regulations consistent worldwide?
No, cryptocurrency regulations are not consistent. They vary significantly from one country to another, making it crucial to understand the specific rules in your jurisdiction.
How can I calculate my cryptocurrency gains and losses?
You can calculate your cryptocurrency gains or losses by deducting sales from the purchase price of your cryptocurrency assets. In a few countries, you can adjust the transaction fee against the sales price for a gain calculation. Tools like KoinX can help simplify this process.
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Upskill, attract new clients, and provide better solutions to your existing clientele, only with KoinX.
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