How to do your Etherlink taxes with Koinly
Etherlink is a fast, low-cost, EVM-compatible Layer 2 blockchain on Tezos that combines Ethereum’s tooling with Tezos’ security and on-chain governance. But if you have Etherlink transactions, you may have a tax bill. Calculate your Etherlink taxes easily with Koinly; just import your transaction data. Here's how.
Follow these steps to sync your Etherlink data automatically to Koinly:
- Open your Etherlink 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 Etherlink 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 Etherlink?
Etherlink is an EVM-compatible Layer 2 blockchain built on Tezos using smart rollup technology. It lets developers deploy Ethereum-style contracts and use tools like MetaMask, but with very low fees, fast confirmations, and strong security anchored in the Tezos protocol. It also features on-chain governance, allowing upgrades without hard forks. While the term “EtherLink” originally referred to 3Com’s early Ethernet network cards, today it’s best known as Tezos’ scalable, Ethereum-compatible rollup for DeFi, NFTs, and other Web3 apps.
Is Etherlink safe?
Etherlink is designed with strong security foundations. It’s a non-custodial, EVM-compatible rollup “enshrined” on Tezos L1, meaning it inherits Tezos’ proven security while adding features like decentralized sequencers and MEV protection. However, as a newer Layer 2, it still carries risks common to such systems, including potential bugs, vulnerabilities in bridges, and reliance on robust dispute resolution. In practice, it appears safe and well-architected, but like any blockchain, it isn’t risk-free, so users should stay cautious and start small when interacting with it.
Does Etherlink provide tax documents?
No, Etherlink doesn’t provide tax forms to its users. The simplest way to calculate your Etherlink taxes and generate a crypto tax report is with a platform like Koinly. By adding your Etherlink wallet using your public address, Koinly will automatically fetch your transaction history through the API, calculate your gains, losses, and income, and prepare the tax reports you need for filing.
