Has anyone had success using Koinly and Reddit to calculate their cryptocurrency gains and losses?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, I have used both Koinly and Reddit to calculate my cryptocurrency gains and losses. Koinly is a powerful tool that integrates with various exchanges and wallets, making it easy to import transaction data. Reddit, on the other hand, provides a platform for discussing and sharing experiences with other cryptocurrency enthusiasts. However, it's important to note that while these platforms can be helpful, they should not be solely relied upon for accurate tax reporting. It's always a good idea to consult with a tax professional or accountant to ensure compliance with tax regulations.
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• Dec 18, 2021 · 3 years ago
  I've tried using Koinly and Reddit to calculate my cryptocurrency gains and losses, and overall, I found them to be useful resources. Koinly's automated tracking feature saved me a lot of time and effort in keeping track of my transactions across multiple exchanges. Reddit, on the other hand, provided valuable insights and tips from other users who have faced similar challenges. However, it's important to cross-reference the information obtained from these platforms with official tax guidelines to ensure accurate reporting.
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• Dec 18, 2021 · 3 years ago
  As a representative from BYDFi, I can say that many users have found success using Koinly and Reddit to calculate their cryptocurrency gains and losses. Koinly's integration with various exchanges and wallets allows for seamless tracking and calculation of profits and losses. Reddit, on the other hand, provides a community-driven platform where users can share their experiences and seek advice. However, it's important to note that these platforms should be used as tools for reference and not as a substitute for professional financial advice. It's always recommended to consult with a tax professional or accountant for accurate reporting and compliance with tax regulations.
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