How to do your Backpack Wallet taxes with Koinly
Backpack Wallet is a self-custodial and multi-chain Web3 wallet. But if you have transactions, you might have a tax bill. Koinly can help, here's how.
Follow these steps to sync your Backpack data automatically to Koinly:
- Open your Backpack 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 Backpack 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 Backpack Wallet?
Backpack Wallet is a self-custody crypto wallet designed for Solana, Ethereum, and other blockchains, offering secure storage, seamless dApp integration, and support for NFTs and DeFi. Built by the Coral team, it introduces xNFTs (executable NFTs), enabling users to interact with apps directly within the wallet. Known for its strong security and user-friendly interface, it’s widely used for trading, gaming, and digital asset management.
Is Backpack Wallet safe?
Yes, Backpack Wallet is generally considered safe, as it is a self-custody wallet, meaning users control their private keys. It employs strong encryption and security measures to protect assets. Additionally, it is developed by Coral, a reputable team in the Solana ecosystem. However, like any crypto wallet, security depends on user practices—avoid phishing links, use a strong password, and store your recovery phrase securely.
Does Backpack Wallet provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you, just add your address(es) and Koinly will import your transaction data and calculate your gains, losses, income, and more.