Koinly VS SimpleSwap.io

Koinly Reviews

SimpleSwap.io Reviews

1. Omifa    

   over 2 years ago
   Great!

   Everything went well!

   The exchange office helped a lot, figured out the situation, and carried out the exchange within 3 minutes. For which many thanks to all the employees of the exchange office.

2. Roy    

   engineer | over 2 years ago
   Helpful support

   Had an issue with my swap, (forgot to indicate the destination tag for my XRP token), got my refund within the few hours, so happy abt it) thank you guys for helping me

3. Donald    

   almost 3 years ago
   Reliable exchange

   I am using this platform quite often and definitely, can suggest it to others, never had any issues.

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

SimpleSwap.io mentions (84)

• Just sent 0.147ETH down the drain, thanks to multichain.org!

  Check out https://simpleswap.io/ next time. Source: 10 months ago

• Where to buy now?!?!

  After doing the exchange on simpleswap.io for theta can I then send it to theta wallet? Source: 11 months ago

• In case you didn't know.

  I literally used simpleswap.io ...but would have no issue using any of the others. The most important thing is to keep each swap on the same chain. So if you're sending UCDc to convert it to MATIC....be sure that your USDc is being send on the matic chain and that you are selecting MATIC coin to be received over the matic chain. I will attach a screenshot....if I can. I'm new to using reddit. Usually I just... Source: 11 months ago

• Converting Ethereum into Bitcoin

  I'm sure people will correct me and say there's better ways but I've had good success using simpleswap.io for swapping between chains and that's how I flip my stables into bitcoin. Their terms state that they may ask for kyc but they never have for me. Source: 11 months ago

• Trying to bridge BTC to polygon???

  I cant find any info that is valid on this topic. The only platform where Ive seen this service available is simpleswap.io which I have read people say is a scam. Source: 11 months ago