How to do your Alephium taxes with Koinly
Alephium is a new blockchain that uses energy-efficient mining and sharding to be fast, secure, and able to run smart contracts. If you have ALPH transactions, though, you may have a tax liability. Koinly can help calculate Alephium gains, losses, and income. All it needs is your transaction history; here's how to import it.
Follow these steps to sync your Alephium (ALPH) data automatically to Koinly:
- Open your Alephium (ALPH) 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 Alephium (ALPH) 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!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
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FAQs
What is Alephium?
Alephium is a Layer-1 blockchain that combines Bitcoin-style security with the flexibility of smart contracts and high scalability. It uses a unique sharding approach to process transactions in parallel, a “Proof of Less Work” consensus to stay energy-efficient while retaining decentralization, and a stateful UTXO model that blends strong security with programmability. With its own virtual machine and language designed to reduce common vulnerabilities, Alephium aims to deliver a secure, efficient, and developer-friendly platform, though it’s still relatively new and less mature compared to more established ecosystems.
Is Alephium safe?
Alephium is designed with safety in mind, using a secure UTXO-based model, its own smart contract language to prevent common exploits, and features like an asset permission system that avoids risky token approvals. It also partners with security firms for audits and runs bug bounty programs. However, as a newer blockchain, it hasn’t been tested as much in real-world conditions, and its unique consensus and sharding design add complexity that could reveal vulnerabilities over time. Overall, it appears reasonably secure but still carries the typical risks of emerging blockchain platforms.
Does Alephium provide tax documents?
No, Alephium doesn’t issue tax forms for users. The easiest way to handle your Alephium taxes and create a crypto tax report is with Koinly. By linking your Alephium wallet through your public address, Koinly can automatically import your transaction history via API, then calculate your profits, losses, and income, and generate the reports you need to file your taxes.
