How to do your Backpack Exchange taxes with Koinly
Backpack Exchange is a regulated, security-focused crypto platform deeply integrated with Solana and xNFTs, offering seamless trading through Backpack Wallet and advanced custody technologies. But if you have transactions on Backpack Exchange, you may have a tax bill. Koinly can help you figure out your tax liability; all you need to do is import your transaction history. Here's how.
Follow these steps to download your Backpack Exchange data:
Files needed
- Deposits
- Withdrawals
- Trades (Fills)
- Position history (Futures)
Subaccounts
If you have any subaccounts on Backpack, download the same set of files and import them to the same Koinly wallet as your main account (one wallet in Koinly for the main account and subaccounts)
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Backpack Exchange in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Backpack Exchange (one at a time) and click on Import
- 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!
❌ Not imported
Stock trades will be skipped because Koinly doesn't support stocks
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
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- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Backpack Exchange?
Backpack Exchange is a regulated cryptocurrency trading platform built by the team behind Backpack Wallet and Mad Lads, with deep integration into the Solana ecosystem. It focuses on security, transparency, and compliance, using advanced technologies like zero-knowledge proofs and multi-party computation (MPC) for secure custody. Designed with a smooth user experience in mind, it connects seamlessly with the Backpack Wallet and supports Solana-native tokens and NFTs. The exchange is part of a broader vision involving xNFTs—interactive, app-like NFTs—positioning Backpack as a key player in next-gen crypto infrastructure.
Is Backpack Exchange safe?
Backpack Exchange is generally considered a secure and trustworthy crypto platform, built with strong regulatory and security foundations. It holds a VASP license from Dubai’s VARA and is working toward regulatory approval in Japan. The exchange uses advanced security measures like multi-factor authentication, cold storage, scam detection alerts, and third-party audits to verify full proof of reserves. Integrated with the self-custodial Backpack Wallet, it offers users full control over assets, including NFTs. While most feedback is positive, there are some concerns in the community about ties to former FTX executives, so, as with all crypto platforms, users should research and evaluate risks before trading.
Does Backpack Exchange provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you. Just export your transaction history as a CSV file from Backpack Exchange and upload it to Koinly to import your transaction data and let Koinly do the rest.
