How to do your BOB taxes with Koinly
BOB is a Bitcoin-secured, Ethereum-compatible hybrid chain that enables native BTC deposits via BitVM, EVM-based DeFi apps, and yield opportunities. But if you have BOB investments, you may have a tax bill. Koinly can help you calculate your BOB taxes easily. All it needs is your transaction history. Here's how it works.
Follow these steps to sync your BOB data automatically to Koinly:
- Open your BOB 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 BOB 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
- 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 BOB?
BOB is a hybrid blockchain that brings Bitcoin into decentralized finance by combining Bitcoin’s security with Ethereum’s programmability. Built on the OP Stack, it enables smart contracts, DeFi apps, and cross-chain yield strategies while using a trust-minimized bridge via BitVM to allow native BTC deposits without wrapped tokens. Its architecture evolves in phases—from an optimistic rollup to incorporating ZK proofs and BTC-staked finality providers, ultimately aiming for a full Bitcoin rollup. Backed by $21M in funding and integrations with top DeFi protocols like Uniswap, Euler, and Chainlink, BOB provides developers with EVM compatibility and users with one-click access to yield opportunities, all while rewarding community participation through its BOB Fusion program.
Is BOB safe?
BOB is designed with a strong security framework by anchoring to Bitcoin’s proven security, using BitVM to enable trust-minimized BTC deposits without custodians, and planning ZK proofs plus BTC-staked finality providers to ensure blocks are provably correct and misbehavior is punishable. It integrates with institutional-grade platforms like Fireblocks for secure custody and with cross-chain tools like Chainlink CCIP for safe interoperability. Already live on testnet with BitVM bridging and major DeFi partners, BOB is moving toward a Q4 2025 mainnet launch, making it one of the safer approaches to bringing Bitcoin into DeFi. However, like any evolving protocol, ongoing audits and monitoring remain essential.
Does BOB provide tax documents?
No, BOB doesn't issue tax documents, but you can use a crypto tax calculator like Koinly to get the forms you need. Just add your BOB address, and Koinly will import your transaction history and automatically calculate your gains, losses, and income from your investments.
