Koinly prioritizes the security and privacy of its users' data. The platform employs read-only API connections to import transactions from crypto exchanges and wallets, ensuring that no changes can be made to users' accounts. Furthermore, Koinly does not require users to provide their private keys, adding an extra layer of security. Koinly also utilizes industry-standard encryption methods to safeguard data both in transit and at rest. This commitment to security ensures compliance with GDPR and other privacy regulations. In summary, Koinly is designed to be a safe and secure solution for managing cryptocurrency taxes.