How to Integrate Atomic with Koinly

Quickly calculate your atomic wallet taxes and generate the correct tax forms to submit to your tax authority. Koinly fully supports Atomic Wallet and makes your tax reporting a piece of cake.

API Import CSV File Import

Atomic Tax Statements & Reporting with Koinly

Atomic crypto wallet supports more than 500 coins and tokens provided by Atomic Swap. 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.

How to get a tax statement from Atomic

You might be wondering, does Atomic provide CSV tax and trade history reports? What about a Atomic tax API? Is it even possible to get tax info and statements from Atomic? The good news is, while Atomic might not provide tax forms and documents, Atomic does offer 2 easy ways to export transaction and trade history!

Atomic pairs with Koinly through API or CSV file import to make reporting your crypto taxes easy. Once connected, Koinly becomes the ultimate Atomic tax tool. How? Koinly will calculate your Atomic taxes based on your location AND generate your EOFY tax report, all within 20 minutes! All you’ll need to do at tax time is download your Atomic tax statement from Koinly and file it with your local tax authority. Done!

Connect to Koinly with the Atomic tax report API

On 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 set up auto-sync.
  4. Select connect blockchains.

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. 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. For all other coins, follow the instructions below:

On Atomic

  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. Paste the public address into Koinly.
  2. Select secure import.

Good to know
For users with a lot of different cryptocurrencies in their wallet - repeating this step over and over again can take a lot of time. You can use the CSV file method instead if this is the case for you.

How to import your Atomic tax report CSV file to Koinly

On Atomic

  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.

On 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).

How do I check my Atomic import is accurate?

We recommend checking through your Atomic transactions to ensure accuracy regularly. Koinly crypto tax software is pretty smart, but incorrectly imported data can cause issues with your tax report. There are some simple steps you can follow to make sure your Atomic tax report is accurate.

Sync all wallets, exchanges and blockchains

Start by making sure all your wallets and exchange accounts are synced with Koinly. This lets Koinly identify which transactions are transfers and which are deposits or withdrawals.

Look out for big numbers

Now, head to your transactions page in Koinly and take a little time to ensure they're all correct. You can filter by the type of transaction as well as by the amount to identify and amend any transactions that you believe to be incorrect. For example, large withdrawals or deposits that are actually transfers between wallets is an easy fix.

Review the labels of your transactions

Finally, review the labels on your transactions. Koinly will normally do this automatically, but there are some instances when transactions like rewards or mining income aren't marked in the imported data. It's always good to double check your transactions and use any of the following labels.

Withdrawal Labels (sending funds):

Withdrawals refer to sending coins, tokens and funds. Koinly sees these as a disposal of an asset, which makes the transaction subject to Capital Gains Tax in most countries. But, some withdrawals are tax free and you should label these using withdrawal tags.

  • Tag as costTag any transaction fees.
  • Sent to pool: Sending coins to a pool? Mark these as sent to pool. It lets Koinly know you still hold these assets.
  • Tag as gift: Gifting crypto is often a non-taxable event in many countries, so make sure to tag these.
  • Tag as lost: If you have crypto stolen, in many countries you can claim this as a loss.

Deposit Labels (receiving funds):

Deposits refer to receiving new coins. Koinly sees deposits as a purchase at market price or an investment. They can be subject to Income Tax or Capital Gains Tax, depending on your location and the type of deposit. Check the labels to make sure the right tax is applied.

  • Tag as airdrop: Most countries see airdrops as a bonus and apply Income Tax.
  • Tag as loan interest: If you're loaning crypto and receiving interest, use this tag. Many countries apply Income Tax to interest.
  • Tag as income: Crypto income is subject to Income Tax, not Capital Gains Tax - just like any other salary
  • Tag as fork: Just like airdrops, new coins from a fork may be subject to Income Tax.
  • Tag as mining: Most countries treat mining as a form of income and apply Income Tax.
  • Received from pool: Use this tag to mark the capital you originally sent to a pool, not any rewards from it.
  • Tag as reward: This tag can be used to mark any deposits you receive as a reward, for example staking rewards. In most countries, rewards are subject to Income Tax.

Exchange Labels (trading funds):

Trading crypto for crypto, buying crypto with fiat and selling crypto for fiat are exchanges. Trades are sometimes taxed (depending on where you live), buys are never taxed and sells are always taxed. Koinly calculates all this on your behalf, so there's only one exchange tag you may need.

  • Tag as swap: If a coin has exchanged its symbol or name, use the swap tag, as this is tax free.

It's really helpful to use our Getting Started Guide before reviewing your transactions. This can help you identify and resolve any issues in no time at all.

How do I troubleshoot my Atomic integration to Koinly?

Koinly has a great help section here with heaps of excellent advice form our amazing customer support team. You'll find answers to common queries about integrating Atomic and Koinly there. Here's some of our most frequently asked questions about Atomic integration:

You can find more Atomic and Koinly help on our discussion forum too. If you need any further help, don't hesitate to contact our customer support team who will be happy to help resolve your query.