Automate your crypto accounting
COYN is a tool that works in the background and transforms complex crypto transactions into audit-proof accounting records. Send your records to your accountant in just a few clicks.
Automate your crypto accounting
Watch a video to see how it worksCOYN is a tool that works in the background and transforms complex crypto transactions into audit-proof accounting records. Send your records to your accountant in just a few clicks.
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time dependence between the amount of transactions done manually and using COYN
Say “Goodbye”
to hours of manual work and sleepless nights wondering whether your documents are compliant to the legal accounting requirements.
COYN has been developed and tested for 6 years in several algorithmic crypto trading strategies, therefore it has handled thousands of transactions per day.
It’s fully automated and once set up – even your accountant or tax advisor will have direct access to your crypto accounting record.
COYN in Webinar
We are proud to present and share with you a link from a Webinar which took place on the 14th of December 2021, hosted by the ForexFreiheit trading community.
The topic of the Webinar was ‘Basic principles for accounting in cryptocurrencies’
This time Clemens Marckhoff laid out the challenges of transforming raw transaction data into accounting records. He explained in detail how to automate crypto accounting for German companies and how COYN supports both traders and their accountants.
Relevant for you, too? Check out the full webinar for free:
Length of video 1h 27 min
Why you may need COYN?
To comply with accounting requirements for commercial crypto traders
- COYN generates a unique ID for every single transaction and a PDF receipt which contains all direct and meta information about the transaction.
- COYN processes all transactions from different exchanges into one unified format, human- and machine-readable, for every single transaction.
- Accounting needs to be done in a timely manner, chronological order, factually and mathematically correct.
- At the end of the day, your bookkeeping has to be accurate to the cent and converted into euro.
One tool to ease your concerns about crypto accounting
How does it work?
COYN collects transaction data via api or csv-exports from the exchanges
Processes data into a unified format
Generates csv and pdf-export files for HGB (G-GAAP) compliant representation in your financial intelligence module
Have your monthly (PnL) financial statement ready
We support a lot of exchanges
We support all major exchanges, but if you can’t find your exchange on our list then contact us. We
have many exchanges, currencies and trading instruments in our development pipeline.
Binance
Binance Futures
Bitcoin.de
Bitfinex
BitMEX
Bitstamp
ByBit
CEX.io
Coinbase Pro
Crypto.com
MEXC Global
We support a lot of exchanges
We support all major exchanges, but if you can’t find your exchange on our list then contact us. We
have many exchanges, currencies and trading instruments in our development pipeline.
Binance
Binance Futures
Bitcoin.de
Bitfinex
BitMEX
Bitstamp
ByBit
CEX.io
Coinbase Pro
Crypto.com
MEXC Global
Is COYN for You?
Trader
You will save time on accounting, so you can focus on trading.
You can process spot trades, derivatives, trades, transfers, airdrops, funding payments and more.
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Accountant
You make sure that your bookings comply with the regulations.
You will get a clear overview of clients’ transactions. So, it saves your time.
It enables you to supply crypto clients.
Contact us
Exchanges & Corporates
Customized features made especially for you.
You can reduce support ticket volume regarding transaction history.
You can make a true difference for German corporate clients.
Contact usCOYN in numbers
Number of processed transactions
14190000
Number of exchanges
20
Number of financial instruments supported
>1.000
For traders by traders
Our company has been operating algorithmic trading in crypto currencies since 2014. With the large number of individual transactions that result from software-based trading, we were confronted with the need to automate our financial accounting at an early stage. We realized that many fellow traders – who have a hard time processing trading history – would benefit from our experience therefore, we developed COYN as an automated solution. Our close dialogue with traders makes COYN better every day.
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Frequently asked questions
No, COYN is dedicated to corporate traders, who are obliged to create financial statements. Therefore, COYN is designed to comply with legal accounting requirements.
After you requested access, we will arrange a video call with one of our crypto accounting experts to see whether COYN is the right solution for you and how it can help you best. Also, we might discuss organizational / technical aspects with your accountant or tax advisor. Before signing a contract, we conduct a preliminary KYC process according to the current AML rules.
Yes, COYN supports all these three types of contracts.
You can connect your exchange API keys within a few minutes and COYN will then automatically retrieve your transaction and transfer history as well as making balance snapshots on a regular basis. Additionally, we will initiate an onboarding session with your tax advisor to set up the respective booking accounts suitable for your organization and give your tax advisor the tools and knowledge to process the data from COYN in his FI/ Datev module.
We are already connected to the most relevant global exchanges; new connections are a result of client needs. In case you cannot find your exchange, please contact us.
Yes, COYN is able to import any data from exchanges by using our CSV file import manually.
Yes, in COYN all transaction data and relevant meta data are made available in human readable format enabling you to review your transaction history.
Our onboarding process allows you to get a complete overview of the full functionality of COYN, with this we enable you to make a qualified decision if COYN is the right tool for you.
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