Koinly 2026 Step‑by‑Step Guide: Free Crypto Tax Software

Koinly helps you track crypto transactions, calculate gains/losses, and generate tax reports for filing. Even on the free plan, you can track your portfolio and preview your taxes.

Step 1: Create a Koinly Account

  1. Go to https://koinly.io.
  2. Click Sign Up.
  3. Enter your email, password, and country.
  4. Verify your email through the confirmation message sent to your inbox.

Step 2: Connect Your Wallets and Exchanges

You can track all your crypto in one place by connecting wallets and exchanges.

Options to connect:

  • API integration: Automatically sync transactions from exchanges like Coinbase, Binance, Kraken, etc.
  • CSV upload: Export transactions from exchanges or wallets and upload manually.
  • Manual entry: Add transactions individually if needed.

Koinly automatically fetches prices and calculates gains/losses once your wallets and exchanges are connected.

Step 3: Review Imported Transactions

  1. Go to the Transactions tab in Koinly.
  2. Check that all trades, transfers, staking rewards, and mining income are correctly imported.
  3. Koinly automatically matches transfers between wallets to prevent double-counting.

💡 Tip: Review each category (trades, staking, mining, DeFi) for accuracy.

Step 4: Track Portfolio Performance

Even on the free plan, Koinly shows:

  • Total holdings by coin.
  • Portfolio value over time.
  • Unrealized and realized gains/losses.

This helps you monitor investment performance alongside tax obligations.

Step 5: Generate Tax Reports (Paid Plan Required)

  1. Upgrade to a paid plan if you want official tax documents.
  2. Go to the Tax Reports tab.
  3. Select your tax year.
  4. Koinly generates:
    • Capital gains and losses summary.
    • Tax forms (e.g., IRS Form 8949 for U.S., or local equivalents).
  5. Export the report as PDF or CSV for submission or for your accountant.

💡 Tip: Paid plans depend on transaction volume — choose the plan that fits your number of trades.

Step 6: Stay Organized

  • Regularly sync your exchanges and wallets to keep reports up-to-date.
  • Track staking, mining, and DeFi income separately.
  • Keep your Koinly account secure with a strong password and 2FA.

Key Points

  • Free Plan: Track transactions, preview gains/losses, view portfolio performance.
  • Paid Plan: Required for official tax reports and filing.
  • Security: Use 2FA and strong passwords. Only log in through the official Koinly website.
  • Supported Assets: Cryptocurrencies, NFTs, staking rewards, mining, DeFi.