Tracking your trades and managing taxes can feel like a full-time job while dealing with cryptocurrency. But if you are using Koinly for tax tracking and portfolio management, you are already on the right track!

One powerful tool that makes life easier is connecting your Binance account to Koinly using an API (Application Programming Interface). This connection lets Koinly pull in your transactions automatically – no manual input needed.

So, how to connect your Binance API to Koinly? Let’s explore.

Step-by-Step Guide to Connect Binance API to Koinly

Step 1: Log In to Koinly

Log into your Koinly account on your computer.
Go to your Account Dashboard and Select Wallets.

Step 2: Select Add Wallet/Exchange

In the Wallets screen, select “Add Wallet/Exchange”.
A new window will open up with all the wallets and exchanges listed.

Step 3: Search Binance

Search for Binance in the search bar, and select the Binance wallet from the list.
Click on “Setup Auto-Sync”.

Step 4: Add API

Follow these steps to add API:

Log in to Binance.

Go to the Binance API management page.

Select Create API.

Complete the 2FA.
By default, only the read permission will be granted. Make sure that no other permission has been granted to the API keys and that there is no IP restriction
Copy the API key and API secret to Koinly.

Wrapping Up!

And that's it! Your Binance account is now linked to Koinly. You can track all your transactions and get accurate crypto tax reports without the hassle of manual uploads. With this API integration, you will always have up-to-date records, making tax season a breeze.

So sit back, relax, and let Koinly handle the numbers for you!

If you need more information, you can reach out to the Crypto Accountants, and we’d be happy to help you!

How to Connect Your Binance API to Koinly?