Blockchain VS Koinly

Blockchain Reviews

Koinly Reviews

Blockchain mentions (511)

• i lost over $3000 to blockchain.com

  I used blockchain.com back in 2015. I remembered back in the day they gave you a private key for all your addresses. Looks like they don't now with their newer wallets. Source: 5 months ago

• i lost over $3000 to blockchain.com

  In blockchain.com u dont actually own the address, you can access your account, but the address is all blockchain property, so they choose which address you have access to and so forth. Source: 5 months ago

• best crypto wallet app

  I use blockchain.com as the receiving wallet because they wallet address changes often and some of these ghetto ass sites don't let you withdrawal to the same one more than once. Source: 5 months ago

• Older wallet, higher fees?

  So says blockchain.com. Is it true, and if so is there a way to update/replace my Electrum wallet to pay lower fees in the future? Source: 5 months ago

• What is your thoughts on SOFI?

  This is anecdotal and I have no idea what it means for SOFI business wise or stock wise moving forward but they just sent me a notice that they are no longer offering any forms of crypto buying or investing and they are selling/giving their current crypto customers to blockchain.com in a few weeks. Source: 5 months ago

Koinly mentions (306)

• Tax Question. If i buy $1000 worth of crypto and sell 50% on a double and then let the balance ride. Am i exempt from paying tax on that transaction?

  Every transaction you make with crypto is a taxable event. Even buying something with your bitcoin is a taxable event. So instead of looking at your balance, you have to look at each and every transaction and see how much you paid for the asset, how much you sold it for, and how long you held it. The ATO will also want a report on your crypto transactions, which you can get from koinly.io. That will also... Source: 5 months ago

• 48-nation bloc to crack down on using crypto assets to avoid tax

  Https://koinly.io/ is a popular recommendation here in Denmark. Denmark may have the worst possible taxation for crypto: every time you sell, use or convert your crypto, that's an event where you have to calculate your gains or losses. Gains are taxed like personal income (so up to 53% tax), but losses can only be deducted at 26% they do not offset the gains directly. A school teacher speculating in crypto ended... - Source: Hacker News / 6 months ago

• Questions about defi

  -is it possible to track swaps and trades I'm making in defi via koinly.io or another tax tracking provider? I want to take advantage of long term capital gains vs short term whenever possible. Source: 10 months ago

• I made around 90K profit from a meme coin (crypto)recently and I’m 18 years old and have no idea how to go about taxes. Please help me . Also what could I do with my profits ?

  Every trade where you go from 1 coin to another is a capital gains event. Take a look into https://koinly.io/ to calculate it for you. Source: 12 months ago

• Staked ETH Rewards on Coinbase

  I just bit the bullet and pay koinly.io to do it for me. The one thing I like about it is you can tag staked transaction (eth to eth2) as swaps so they don't show up on your taxes. It's actually free until you want them to generate a tax form for you. Source: about 1 year ago