Koinly, a leading cryptocurrency tax calculation and reporting platform, has announced the launch of smart transfer matching between user wallets. The new feature will allow users to match and categorize transfers automatically, making it easier to keep track of their cryptocurrency transactions for tax purposes.
More details can be found at Koinly .
The announcement comes as the company recognizes that cross-wallet synchronization can pose a serious issue for traders looking to keep track of their crypto traders. With multiple wallets and exchanges making it difficult to keep a reliable record of all transactions, the platform has introduced a streamlined AI-based matching feature that eliminates hours of manual work and makes tax reporting much easier.
According to Koinly, the smart transfer matching feature uses AI to automatically identify transfers between the user’s wallets and exchanges and then categorize them accordingly. Coupled with the company’s extensive integration and importing features, the smart tax matching creates a simple solution that crypto traders can use to complete their tax calculations in less than 20 minutes.
The launch of smart transfer matching is part of Koinly’s continued efforts to make it easier for users to stay compliant with cryptocurrency tax regulations. The platform offers a variety of tools to help users calculate their taxes and generate reports, and the updated feature will make the process even more efficient, explains Koinly.
The platform has been used by thousands of crypto traders in over 20 countries, with an average Trustpilot rating of 4.8 out of more than 900 reviews.
“This is the first year I use Koinly to do my crypto taxes and they were excellent. The app itself pulled the info from my wallets and created an easy Tax report that I could use. It saved me lots of time and stress,” said a satisfied client. “When I had a question about some of the figures generated, unlike other faceless (and often useless) crypto platfoms. Koinly replied promptly. They looked into my case and often replied within minutes. The solutions they provided helped me to label transactions and sync my wallets correctly, which resulted in a reduced tax liability. I cannot recommend them highly enough.”
Interested parties can find more information at Koinly .
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