SIGN UP 

ACCOUNT CREATION

• How can I sign up for a KoinX account?

1. Click on the Get Started button on the top left of koinx.com.

2. Enter your mobile number or email address to sign up on the platform. You can also click on the Continue with Google button to sign up using your Google account.

3. Verify the captcha and click Next. 

• What are the methods available for signup?

Currently, users can sign in using a mobile number, email address, and Google account.

DASHBOARD OVERVIEW

FEATURES AND CUSTOMIZATION OPTIONS

• Can you explain the KoinX dashboard features?

1. By clicking on All Wallets dropdown, you can either select all the wallets and show analysis or select a single wallet and segregate its transactions.

2. To choose a particular financial year, you can click on the button on the right-hand side and select a particular financial year.

3. Portfolio Allocation shows the amount you have invested in each of the cryptocurrencies.

4. Allocation by Segment determines the allocation of cryptocurrencies based on their Categories/Narratives.

5. The Portfolio vs Invested Amount chart provides insights into how much users have invested and how the investments are performing on a daily, weekly, or monthly basis. You can toggle between them by clicking the buttons on the right. 

• Could you explain the terms Invested, Current, Unrealized Gains, and Taxable Gains as they appear on the dashboard?

Invested: This refers to the total amount of money initially put into purchasing cryptocurrencies. It's the sum of all your investments in the crypto market.

Current: This represents the current market value of your cryptocurrency holdings. It reflects the real-time worth of your crypto assets based on prevailing market rates.

Unrealized Gains: This term indicates the profit or loss that has accrued on your investments but hasn't been realised yet. It's the difference between the current value and the invested amount. These gains are not taxable until you sell or exchange the assets.

Taxable Gains: This refers to the gains that have been realised and are subject to taxation. These gains are usually calculated when you sell, trade, or otherwise dispose of your cryptocurrency, turning the unrealized gains into realised, taxable income.

• Can you provide information on the taxation of NFTs and how they can be incorporated into the tax report?

Taxation of NFTs: Non-fungible tokens (NFTs) are taxed similarly to other cryptocurrencies. When you sell or exchange an NFT, any profit made is considered a capital gain and is subject to capital gains tax. If you create and sell NFTs, the income might be treated as business income, depending on the frequency and nature of transactions.

Incorporation into Tax Report: KoinX enables users to integrate NFT transactions into their tax reports. This integration includes tracking purchases, sales, and any other transfers of NFTs. The platform calculates capital gains or losses from these transactions and incorporates them into the overall crypto tax report. 

For creators, the income from NFT sales can also be tracked and reported as business income, if applicable. This ensures a comprehensive and compliant tax report, including all NFT-related activities.

• What are Spot Holdings?

Spot holdings refer to the cryptocurrencies you own and hold in a standard wallet or exchange account outside of any derivatives or futures contracts. These holdings are typically accessible immediately, hence called Spot, and represent direct ownership of the digital assets. 

KoinX tracks these spot holdings to provide a clear picture of your current crypto asset portfolio, assisting in calculating potential tax implications based on buy and sell transactions.

• What is DeFi Holdings?

DeFi (Decentralised Finance) holdings are your investments or assets in DeFi platforms. These can include cryptocurrencies lent out, staked, or used in liquidity pools on DeFi protocols. 

DeFi holdings are more complex due to their dynamic and often yield-generating nature. KoinX helps track these holdings, including any income generated from them (like interest or liquidity pool rewards), which is crucial for accurate tax reporting. 

• What are unverified tokens? How can I hide them?

Unverified tokens are cryptocurrencies or digital assets that haven't been officially recognized or verified by major crypto exchanges or regulatory bodies. They may be new, relatively unknown, or lack sufficient information regarding their developers, purpose, and technical infrastructure. 

You can hide/unhide unverified tokens by clicking the checkbox on the top right section

• What kind of transaction insights are there on KoinX?

Coin: Identifies the specific cryptocurrency.

Current Value: Shows the present market value of the holdings.

Holdings: Indicates the total quantity of the cryptocurrency held.

Amount Invested: Reflects the total investment made in that particular cryptocurrency.

Average Cost: Provides the average cost at which the cryptocurrency was purchased.

Current Returns (₹): Displays the profit or loss in the local currency (here, Indian rupees) since the investment.

% Change: Shows the percentage change in the value of the holdings.

24H Change: Indicates the change in the cryptocurrency's value over the last 24 hours.

• How frequently are analytics updated on KoinX?

Analytics on KoinX are updated in real-time whenever a CEX/DEX integration is auto-synced or synced manually. The dashboard reflects these updates immediately. 

However, for the data integrated via CSV, the updated transaction file should be uploaded by the user for the analytics to be updated. This ensures that the latest transaction information is always reflected in the analytics, provided that the most current data is uploaded or synced.

• Can I customise the analytics dashboard to focus on specific data points?

Yes, you can sort the values from ascending to descending or vice versa by clicking on the heading of each analytics.

• How does KoinX ensure the accuracy and reliability of the analytics provided?

KoinX ensures the accuracy and reliability of its analytics by integrating advanced algorithms and cross-verifying data across multiple sources, including exchanges and blockchain networks. 

Additionally, they regularly update their systems to align with the latest market trends and regulatory changes, ensuring that the analytics reflect the most current and

accurate information available.