What are the different calculating methods supported in KoinX?
KoinX supports multiple cost-basis methods for calculating your crypto taxes, including
- FIFO (First In, First Out) – Assumes the oldest assets are sold first.
- LIFO (Last In, First Out) – Assumes the most recently bought assets are sold first.
- HIFO (Highest In, First Out) – Prioritizes selling the assets bought at the highest price first, which can help reduce capital gains.
For more details, read - https://www.koinx.com/blog/crypto-accounting-methods (opens in a new tab)