Divly is a platform that helps people calculate, track, and declare their cryptocurrency taxes. We are on a mission to provide the means for everyone to be compliant at an affordable price.
If you are looking to declare your crypto taxes, then this guide will help you get started. By the end of this guide you will have a better understanding of your crypto taxes and be well on your way to declaring it to your local tax authority.
Create a Divly account
By creating an account with Divly you will be able to automate all of the tax calculations.
Click this link to register by providing an email, choosing a password, and agreeing to our user Terms & Conditions. You can also sign up using your Google account. We highly recommend using Divly on a computer in order to access all of the features.
Set your preferences
After registering with Divly, you will first go through our onboarding process. Please select the country you pay taxes in, the local currency, and preferred language. It's important to choose the right local currency and country as we base all the tax rules and currency conversions on them!
Understanding the sidebar
Once you complete onboarding, you will be presented with a sidebar with four tabs. We will explore these later in the guide, but to summarize them in short:
Overview: This is where you track your crypto portfolio performance and balance.
Wallets: This is where you import transactions and manage your wallets/exchanges.
Transactions: This is where you view transactions and manually add/edit/delete them.
Tax Report: This is where you can track your taxes and download your tax do
Divly has simplified the crypto tax reporting process to save you time and minimize your stress. Most aspects of these steps are automated by Divly which can help save you a lot of time.
Proceed to the next step!
All of the pages wont show you much until you import your transactions. So let's got take a look at the next part of the guide - Step 2: Import your crypto transactions.