How to do your Best Wallet taxes with Koinly
Best Wallet is a non-custodial, multi-chain wallet designed for cross-chain swaps and token launches.
If you have Best Wallet transactions, you likely have a tax bill. Koinly can calculate your Best Wallet crypto taxes with just your Best Wallet transaction history. Here's how to import it.
Follow these steps to sync your Best Wallet data automatically to Koinly:
- Open your Best Wallet 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 Best Wallet 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 Best Wallet?
Best Wallet is a non-custodial, multi-chain wallet featuring several built-in features, including staking, a token launchpad that provides users with insight into and the ability to buy upcoming tokens, and portfolio management, which allows users to manage multiple hot wallets. It also supports 60+ blockchains for cross-chain and token swaps.
Is Best Wallet safe?
Best Wallet is considered relatively safe. It is a non-custodial wallet, meaning users have full control of their private keys and assets. If you lose access, you can recover your account through cloud backup without recovery or seed phrases. Biometric authentication and two-factor authentication add another layer of security. However, Best Wallet is a hot wallet, making it more vulnerable to online attacks. As always, it's best to DOYR on the best security practices when using non-custodial, hot wallets, to ensure your assets are safe.
Does Best Wallet provide tax documents?
No. Best Wallet does not provide tax documents. If you sync your Best Wallet transaction history to a crypto tax calculator like Koinly, it can calculate your gains, losses, and income, and produce complete tax reports.
