How to do your Noble taxes with Koinly
Noble is a blockchain built on the Cosmos SDK chain that's focused mainly on stablecoins. But if you have Noble transactions, you may have a tax bill. Koinly can help you figure out your taxes. Here's how.
Follow these steps to sync your Noble (USDC) data automatically to Koinly:
- Open your Noble (USDC) 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 Noble (USDC) 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
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- Contact us on email or live chat
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FAQs
What is Noble?
Noble is a blockchain within the Cosmos ecosystem, specifically designed for the native issuance of digital assets. Its primary goal is to enhance liquidity and interoperability across various Cosmos-based networks. Noble facilitates the minting and burning of tokens, as well as the blacklisting of addresses, providing issuers with essential tools for asset management. Notably, it serves as the native issuance platform for Circle's USDC stablecoin within the Cosmos network.
Is Noble safe?
Noble is considered relatively safe, as it's built within the Cosmos ecosystem with a focus on secure, efficient digital asset issuance and transfer. It currently uses a trusted Proof of Authority validator set and plans to adopt Interchain Security from Cosmos Hub to enhance its security further. Its minimalistic architecture also helps reduce potential vulnerabilities. However, as with any blockchain, users should stay informed and do their own research.
Does Noble provide tax documents?
No, but you can use a crypto tax calculator like Koinly to figure out your tax liability from your Noble transactions and generate crypto tax reports. Simply add your Noble wallet address, and Koinly will automatically import your transaction data.
