How to do your Apechain taxes with Koinly
ApeChain is a Layer 3 blockchain built on Arbitrum Orbit, aimed at building a DeFi ecosystem for creators. But if you have Apechain transactions, you may have a tax bill. Koinly can help, just import your transaction data. Here's how.
Follow these steps to sync your Apechain (APE) data automatically to Koinly:
- Open your Apechain (APE) 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 Apechain (APE) 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!
- Depositing to Apechain using the native bridge doesn't create a deposit transaction - it needs to be added manually
- Native yield (APE, apeETH, apeUSD) is distributed without a transaction (like reflections) and 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 Apechain?
ApeChain is a Layer 3 blockchain developed by the ApeCoin DAO as an Arbitrum Orbit chain, powered by its native token ApeCoin (APE). It integrates Arbitrum’s technology, allowing developers to build smart contracts using WebAssembly (WASM)-compatible languages like Rust and C++ in addition to Solidity due to its EVM compatibility. ApeChain introduces features like Native Yield, which enables assets to generate yield automatically, and Multi-Hop Bridging, facilitating complex cross-chain transactions. The ecosystem includes dApps, games, and financial tools, with initiatives like the Banana Bill allocating over 100 million APE to incentivize development and growth on the network.
Is Apechain safe?
ApeChain is built on Arbitrum Orbit, inheriting Ethereum’s security through rollup technology while supporting both EVM-compatible (Solidity) and WASM-based (Rust, C++) smart contracts. Its features, like Native Yield and Multi-Hop Bridging, are integrated into the protocol, reducing reliance on third-party contracts. Governance is controlled by the ApeCoin DAO, with incentives tied to staking APE tokens. While it benefits from Arbitrum’s strong security model, risks include potential smart contract vulnerabilities, centralization of governance, and complexities tied to cross-chain interactions. Its early-stage status means security will depend on ongoing audits and active governance.
Does Apechain provide tax documents?
No, but you can use a crypto tax calculator like Koinly to track your gains, losses, and income from Apechain and generate tax reports. Simply add your Apechain address, and Koinly will automatically import your transaction data.
