How to do your KUB Chain taxes with Koinly
KUB Chain (formerly Bitkub Chain) is an EVM-compatible blockchain developed by Bitkub, designed to be Thailand's primary blockchain infrastructure, offering low fees and high speeds with its native KUB coin. But if you have KUB transactions, you may have a tax bill. Fortunately, Koinly can help calculate your KUB taxes. All it needs is your transaction data. Here's how it works.
Follow these steps to sync your KUB data automatically to Koinly:
- Open your KUB 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 KUB 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 KUB Chain?
KUB Chain (formerly Bitkub Chain) is a Thailand-based, EVM-compatible blockchain network developed by Bitkub Blockchain Technology, aiming to be the core infrastructure for the Thai blockchain ecosystem. It prioritizes affordable transaction fees, high speeds via its Proof-of-Staked-Authority (PoSA) consensus mechanism, and transparency, fostering a wide array of decentralized applications, games, and NFT platforms. The native utility token, KUB, is used for gas fees, fee credits on the Bitkub Exchange, staking for network security, and various ecosystem benefits through features like "Lock & Drop."
Is KUB Chain safe?
KUB Chain is striving for enhanced safety and decentralization, transitioning from a centralized Proof-of-Authority (PoA) to a more distributed Proof-of-Staked-Authority (PoSA) and eventually a full Proof-of-Stake (PoS) consensus mechanism. The broader Bitkub ecosystem, particularly the Bitkub Exchange, employs robust security measures like cold wallet storage, two-factor authentication, passkeys, and DDoS protection, operating under the regulatory oversight of the Thai SEC.
Does KUB Chain provide tax documents?
No, but you can use a crypto tax tool like Koinly to calculate your tax obligations from KUB Chain transactions and generate detailed tax reports. Simply add your KUB Chain wallet address, and Koinly will automatically import your transaction history to calculate your gains, losses, income, and more.
