How to do your Arweave Wallet taxes with Koinly
Arweave Wallet is a dedicated non-custodial wallet for the Arweave blockchain. But if you have AR transactions, you might have a tax bill. Koinly can help. Here's how.
Follow these steps to sync your Arweave Wallet data automatically to Koinly:
- Open your Arweave Wallet wallet app
- Copy the public address for every coin that you have on it (even the ones with a zero balance)
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Arweave Wallet 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 Arweave Wallet?
Arweave wallet is a non-custodial wallet for storing, managing, and interacting with AR tokens and the Arweave network. It allows users to send and receive tokens, sign transactions, and connect with dApps. As a non-custodial wallet, it ensures users have full control over their private keys and funds, supporting the decentralized and permanent storage solutions of the Arweave ecosystem.
Is Arweave Wallet safe?
Arweave Wallet is generally safe because it is non-custodial, meaning users retain full control over their private keys and funds. However, the overall security depends on the user, so always make sure to follow best security practices.
Does Arweave Wallet provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you, just add your Arweave Wallet address and Koinly will calculate your AR gains, losses, income, and more.
