Koinly Reviews

defi.watch Reviews

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: 6 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 / 7 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: 11 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: about 1 year 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

defi.watch mentions (6)

• Defi Tool collection

  DeFi Watch - This is a tool that helps users track their DeFi investments and portfolios across multiple platforms. It provides real-time updates on asset prices and can help users stay on top of their investments. Source: over 1 year ago

• Any DeFi portfolio tracker done right?

  I haven't heard about defi.watch but will give them a look. Source: over 1 year ago

• Any DeFi portfolio tracker done right?

  Thanks! Have them all and some more (btw https://defi.watch is the closest one to what I want but it laks support of popular defi protocols (e.g. Uniswap is there but no gmx). So I'm also inclining to create a tailored spreadsheet but that would mean tracking all the transactions manually which I'd like to avoid, desperately )). Source: over 1 year ago

• Is investing in a crypto-stable pair (ie WETH-USDC) the closest approximation to putting ETH into a interest account on a CeFi platform (like Celsius)?

  For example, ETH Celsius: 5.35% (up to 100 ETH) Venus on BSC 0.93% (range 0.72-1.65%) -- this is the highest APR listed on defi.watch. This isn't even competitive with Celsius on a good day. Source: over 2 years ago

• Best strategy to earn with stable coins?

  Defi.watch has an up to date list of many of the vaults out there. Source: over 2 years ago