how to connect coinbase wallet to koinly

By linking Coinbase Wallet to Koinly, you can automate tax reporting, track portfolio performance, optimize taxes, and manage crypto finances effortlessly.

Nov 03, 2024 at 06:17 pm

How to Connect Coinbase Wallet to Koinly

Step 1: Create a Koinly Account

• Visit the Koinly website and create an account using your email address.

Step 2: Add Coinbase Wallet as an Exchange

• Click on "Exchanges" from the Koinly dashboard.
• Click on "Add Exchange."
• Select "Coinbase Wallet" from the list of exchanges.

Step 3: Authorize Koinly

• Click on "Authorize."
• You will be redirected to the Coinbase Wallet website.
• Sign in to your Coinbase Wallet account.
• Click on "Allow" to authorize Koinly to access your transaction data.

Step 4: Wait for Data Import

• Once you have authorized Koinly, it will automatically import your transaction data from Coinbase Wallet. This may take a few minutes.

Step 5: Review and Verify Data

• Once the data import is complete, you can review it in the Koinly dashboard.
• Verify that all transactions have been imported correctly.

Step 6: Connect Other Exchanges (Optional)

• You can connect other exchanges to Koinly to import all your cryptocurrency transactions in one place. Follow the same steps as above for each exchange.

Benefits of Connecting Coinbase Wallet to Koinly:

• Accurate tax reporting: Koinly automatically tracks your capital gains and losses, making tax preparation easier.
• Portfolio tracking: Monitor your cryptocurrency holdings in real-time and track their performance.
• Tax optimizations: Koinly recommends tax-saving strategies based on your transaction history.
• Crypto accounting: Manage your cryptocurrency finances efficiently with Koinly's accounting features.