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What is the impact of Koinly on NFT trading?

Alex TroynoMay 12, 2022 · 3 years ago1 answers

How does the use of Koinly affect the trading of NFTs? What are the advantages and disadvantages of using Koinly for NFT traders?

1 answers

  • May 12, 2022 · 3 years ago
    As an expert in the field, I can say that Koinly has become a popular choice among NFT traders due to its user-friendly interface and powerful features. Many traders appreciate the ease of importing transactions and generating tax reports, which saves them valuable time and ensures compliance with tax regulations. Koinly's integration with various wallets and marketplaces also makes it convenient for traders to track their NFT holdings across different platforms. However, it's worth mentioning that there are other platforms and tools available for NFT trading and tax reporting. Each trader should evaluate their specific needs and preferences before deciding which platform to use.