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.
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.
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!
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:
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.
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.
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.
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.
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.
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: