How to do your Coreum taxes with Koinly
Coreum is an enterprise-grade layer-1 blockchain with a built-in decentralized exchange that supports decentralized apps (dApps), real-world asset (RWA) tokenization, and cross-chain interoperability.
If you have trading on Coreum, you likely have a tax bill. By importing your Coreum transaction history, Koinly can calculate Coreum crypto taxes. Here's how to import it.
Follow these steps to sync your TX (prev. Coreum) data automatically to Koinly:
- Open your TX (prev. Coreum) wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find TX (prev. Coreum) in the list
- Select API > Paste the public address/key you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
Migration from COREUM to TX needs to be added manually
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Coreum?
Coreum is an enterprise-grade layer-1 blockchain built on the Cosmos SDK. Its infrastructure is built for DApps that require high throughput and focuses on the tokenization of real-world assets (RWA), which allows companies to turn RWA into digital tokens, create rules, and ensure they follow regulations. Coreum also has Coreum DEX, designed for RWAs and trading.
Is Coreum safe?
Coreum is considered relatively safe. It's non-custodial, with several security measures in place. Web3 Guard tool allows users to report suspicious activity, and the Blockchain Ecosystem Intelligence (BEI) API provides real-time risk scores. Coreum uses Bonded Proof of Stake (BPoS), which requires validators to stake tokens that can be slashed for malicious behavior. However, no platform is completely risk-free. Always do your own research before participating in trading and staking.
Does Coreum provide tax documents?
Coreum doesn't provide tax documents. You can use a crypto tax calculator, like Koinly, to import your Coreum transaction history through API or CSV, to calculate your Coreum taxes, and create tax reports.
