How to do your CoreDAO taxes with Koinly
CoreDAO is a Bitcoin-aligned, EVM-compatible blockchain that lets users stake Bitcoin without losing custody. But if you have CORE transactions, you may have a tax bill. Koinly can help calculate your CoreDAO gains, losses, income, and more. All you need to do is automatically import your CoreDAO transaction history into Koinly. Here's how it works.
Follow these steps to sync your CoreDAO (CORE) data automatically to Koinly:
- Open your CoreDAO (CORE) 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 CoreDAO (CORE) 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!
Only CORE native token transactions are imported
- 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 CoreDAO?
CoreDAO is a layer-1 blockchain that brands itself as the “Bitcoin Everything Chain,” aiming to let Bitcoin holders earn yield without giving up custody of their BTC. It’s fully EVM-compatible, allowing Ethereum-style smart contracts for DeFi, NFTs, and gaming. The network runs on a unique Satoshi Plus consensus, combining delegated proof-of-work from Bitcoin miners, CORE token staking, and Bitcoin timelock staking to elect validators and secure the chain. Its native token, CORE, is used for governance, gas fees, and staking rewards, with a capped supply of 2.1 billion.
Is CoreDAO safe?
CoreDAO is considered relatively secure, having undergone third-party audits by reputable firms like Least Authority and received no critical issues in reports from CertiK. Its “Satoshi Plus” consensus model and self-custodial Bitcoin staking are designed with strong security principles, and the project maintains open channels for bug reporting. However, like all blockchains, it isn’t risk-free. Its novel mechanisms, young ecosystem, and reliance on multiple components (validators, smart contracts, cross-chain elements) introduce potential vulnerabilities.
Does CoreDAO provide tax documents?
No, CoreDAO doesn't provide tax forms for users, but you can use a crypto tax calculator like Koinly to generate the forms you need easily. Just import your CoreDAO transaction history automatically via API by adding your public address, and Koinly will calculate your gains, losses, income, and more, before generating your crypto tax reports.
