The complexities of tracking and filing crypto taxes have long been a significant barrier to fully exploring the breadth of the crypto ecosystem.
So we’re extending our partnership with Koinly, a leading crypto tracking and tax reporting solution, to simplify the process for our clients so they can trade with confidence.
First things first: Your privacy is our priority
Our Koinly offer is completely opt-in, meaning none of your data is shared unless you choose to connect your Kraken account with Koinly.
Kraken upholds industry-leading security and data protection standards, including full encryption of sensitive information, strict access controls and advanced monitoring to prevent unauthorized access. We never sell or share your personal data, and you remain in full control of your information at all times. Learn more about what Kraken does to secure your personal information.
What is the offer and how does it work?
Koinly simplifies crypto tax reporting by automating the tracking, calculation and analysis of crypto gains, losses and income. Through our expanded partnership, we’re giving all Kraken clients a 25% discount on any Koinly paid plans, regardless of the country to which you report your crypto tax obligations.
With this discount, you can process your crypto taxes for transactions on Kraken, as well as any other places where you make crypto trades.
With Koinly paid plans, you can:
Easily import your trades: Add your Kraken exchange account via API or CSV files and connect your blockchain wallets using public addresses.
Preview your capital gains: Get a glimpse of your profit/loss for any tax year and proactively manage your crypto portfolio to maximize your gains.
Download your tax documents: Whether you are filing yourself, using a tax software like TurboTax or working with an accountant, Koinly can seamlessly generate the right crypto tax reports for you.
Koinly is available in over 100 countries globally. To take advantage of this offer, simply navigate to the settings tab in Kraken or Kraken Pro on mobile or web and connect via Single Sign on (SSO) to Koinly.
Over the coming months we will be exploring additional ways to make crypto taxes even more accessible for our clients.
Koinly and Kraken reserve the right to modify or end the offer at any time. This offer cannot be used in conjunction with any other offer and is limited to one per customer. Excludes Koinly CPA and B2B customers.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representation or warranty of any kind, express or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto-asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
Source: https://blog.kraken.com/product/promotions/kraken-and-koinly-extend-partnership
