How to file your Casper taxes with Koinly
Casper (CSPR) is a smart contract capable blockchain launched in 2021 that uses the Highway consensus mechanism. Whatever your Casper transactions, if you've got gains or income, you'll have a tax bill. Don't worry, Koinly can help you calculate your Casper taxes automatically and easily. Here's how.
Follow these steps to sync your Casper (CSPR) data automatically to Koinly:
- Open your Casper (CSPR) wallet app
- Locate and copy your public address or key
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Casper (CSPR) 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 Casper blockchain?
Casper is a decentralized blockchain platform launched by CasperLabs in March 2021, designed to support smart contracts and decentralized applications. It uses the Highway consensus mechanism, which is deterministic and based on the CBC-Casper model, and its CSPR token facilitates transactions and network security through staking. Casper aims to address challenges in scalability, security, and decentralization, with a focus on ease of use and dynamic, upgradeable smart contracts.
What are CSPR tokens?
CSPR is the native token of the Capser blockchain and is used to pay network fees and allows holders to vote in governance decisions. It can also be bought, sold, and traded on exchanges like KuCoin, OKX and Bybit.
Do I have to pay tax on my CSPR transactions?
Yes. If you have gains or income from your CSPR transactions, you'll need to pay tax on them. The rules vary depending on where you live, but you'll generally pay Income Tax or Capital Gains Tax on your transactions. Learn more in our crypto tax guides.
How do I calculate my CSPR taxes?
The easiest way to calculate your Casper taxes is to use a crypto tax calculator like Koinly. Just add your public address to Koinly and it'll automatically import your transaction history and calculate your gains, losses, and income before generating your crypto tax report.
