Atomic Wallet logo

How To File Your Atomic Wallet Taxes With Koinly

Atomic Wallet pairs perfectly with Koinly to make crypto tax easy! 🤝Sync Atomic Wallet with Koinly to calculate your crypto taxes fast. ⚡ Connect in minutes! 🖱️

Last updated: Tuesday, 31 January 2023

How to do your Atomic Wallet taxes with Koinly 

Atomic Wallet is free to use and you can trade almost any cryptocurrency you want thanks to the Atomic Swap integration. Investors can also earn crypto through regular airdrops and through staking. Koinly can help you do your Atomic Wallet taxes safely, quickly, and accurately. 

  1. Sign up to Koinly and choose your country and currency
  2. Connect Atomic Wallet with Koinly to import all your Atomic Wallet trades safely and securely
  3. Koinly categorizes Atomic Wallet transactions into gains, losses and income
  4. Koinly calculates your Atomic Wallet Capital Gains Tax and Atomic Wallet Income Tax
  5. Download your Atomic Wallet tax report from Koinly
  6. File your Atomic Wallet taxes online or with your crypto tax accountant

Watch how to do your Atomic Wallet taxes fast 

Does Atomic Wallet report to the IRS?

As a non-custodial, decentralized wallet with no KYC - it’s unlikely Atomic are reporting to the IRS. However, if you’re transferring assets out of your Atomic wallet to cash out on larger crypto exchanges - many centralized exchanges do report to the IRS.

How to connect Koinly and Atomic Wallet via API

On Atomic Wallet

  1. Log in to Atomic.
  2. Select the coin you want to import - for example ETH.
  3. Select receive.
  4. Copy the public address.

On Koinly

  1. Sign up or log in to your Koinly account and go to the Wallets page.
  2. Search for the blockchain you want to connect - for example, ETH.
  3. Paste the public address into Koinly.
  4. Select secure import.

Important

1. Once you've clicked connect blockchains, you'll need to pick the coins you want to sync and enter the public address for each. You'll need to do this with all the coins in your Atomic wallet.

2. Atomic doesn't provide xpub keys for some cryptocurrencies like BTC, BCH and DOGE - you can follow these instructions to export xpub keys on Atomic, or use CSV files for the blockchains that use UTXO.

How to integrate Atomic Wallet with Koinly using CSV

You'll need to start by downloading a CSV file with your full trading history from Atomic Wallet before you can upload it to Koinly - here's how.

How to download and export your transaction history CSV file from Atomic Wallet

  1. Log in to the desktop version of Atomic. This option isn't available on mobile.
  2. Select the coin you want to export transaction history for.
  3. In the top right corner, select the settings icon.
  4. Select export transactions.
  5. You'll need to repeat steps 2 - 4 for every coin you have in your atomic wallet and upload all of these files to Koinly.

How to upload your Atomic Wallet CSV to Koinly

  1. Sign up or log in to your Koinly account and go to the wallets page.
  2. Select add new wallet: Atomic.
  3. Select import from file.
  4. Upload your CSV file(s).

Important

1. When downloading your CSV files, check that the file covers your full trading history.

2. Don't forget to tag your airdrops and forks. This will ensure that they show up correctly as income on your Atomic Wallet tax form.

How do I troubleshoot my Atomic Wallet integration to Koinly?

If you're having problems with your Atomic Wallet data import - there's lots of helpful resources:

Calculate your Atomic Wallet taxes

Sign up free today to calculate your Atomic Wallet taxes.

Does Atomic Wallet have tax documents?

No, Atomic doesn't provide tax documents or reports. But you can integrate the Atomic tax report API with crypto tax software to generate one.  You can also export CSV files of your transaction history and upload them to a crypto tax calculator as discussed above.

How do I get Atomic Wallet tax documents?

The easiest way to get your Atomic Wallet tax report is to connect to crypto tax software via API or by uploading a CSV file of your Atomic Wallet transaction history. Your crypto tax calculator will automatically generate your Atomic Wallet tax documents for you.

Does Atomic Wallet provide financial or end of year statements?

No, Atomic does not provide financial statements. However, you can use a crypto tax calculator to generate one for tax purposes.

Do I have to pay taxes on Atomic Wallet?

Yes - if you have capital gains or income from your Atomic Wallet investment activities, you'll need to report these to your tax office and pay taxes on them.

Is Atomic Wallet safe?

Yes. Atomic Wallet is a secure, non-custodial wallet. However, as it’s a hot wallet, you should always follow best practices and store crypto you’re not actively trading in a cold wallet.