How to do your Bare Bitcoin taxes with Koinly
Bare Bitcoin is a Norwegian Bitcoin-only exchange and mobile app designed to make buying, selling, and holding Bitcoin simple and secure. But if you have Bare Bitcoin transactions, you may have a tax bill. Koinly can help; you just need to import your transaction data. Here's how.
Follow these steps to download your Bare Bitcoin data:
- Log in to your Bare Bitcoin account
- Go to the transactions history page
- Export/download your transaction history for ALL years of trading (check with their support if you can't find this)
- Manually check that the file contains all your deposits, withdrawals and trades
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Bare Bitcoin in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Bare Bitcoin (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!
- 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 Bare Bitcoin?
Bare Bitcoin is a Norwegian mobile app and exchange focused exclusively on Bitcoin, designed to make buying, selling, and holding BTC simple and secure. It offers features like automatic recurring purchases (autosparing) with no fees, a flat 1% transaction fee, and support for self-custody by allowing direct transfers to personal wallets. The platform emphasizes user privacy, requiring minimal personal data, and stores funds in multi-signature cold storage. It also supports instant bank transfers via open banking. Regulated by Norway's Finanstilsynet, Bare Bitcoin is ideal for users who value simplicity, transparency, and control over their Bitcoin.
Is Bare Bitcoin safe?
Bare Bitcoin appears to be a relatively secure and regulated Bitcoin-only platform, particularly for users in Norway, as it is registered with Finanstilsynet, the country’s financial supervisory authority. It promotes privacy by minimizing user data collection and uses cold storage with multi-signature protection for client funds. However, as with any crypto exchange, users should be cautious, as no platform is entirely risk-free. While Bare Bitcoin supports self-custody (which is generally considered best practice), users must take responsibility for securely managing their own wallets and backups.
Does Bare Bitcoin provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you. You just need to export a CSV file of your Bare Bitcoin transactions and upload it to Koinly. Once you've done this, Koinly will calculate your profits and generate your tax report, ready to file with Skatteetaten.
