Opera Crypto Browser launched in January 2022 with a crypto wallet built-in, allowing users to connect to Ethereum and Ethereum Layer 2 blockchains, and more, to buy, sell and trade crypto and NFTs seamlessly. Opera is now partnered with Koinly, allowing you to track and manage your crypto portfolio and taxes, including your Opera Wallet investments. Here’s how it works.
Your crypto taxes vary depending on where you live and your transactions, but generally speaking you’ll pay Capital Gains Tax or Income Tax (or both).
Learn more in our country crypto tax guides.
No. Opera Wallet is a built-in non-custodial wallet that collects no KYC data and does not report to the IRS.
You need to report any gains, losses or income from crypto investments to your tax office, generally as part of your annual tax return, including any taxable gains or income from your Opera Wallet investments.
You can do this yourself - but it’s difficult! You’ll need to identify all your taxable transactions, not just for Opera Wallet, but for every wallet and exchange you use, then identify the kind of tax that applies and calculate your gains and losses, as well as any income.
This is why most investors opt to use crypto tax software like Koinly. Koinly does all this for you and generates your tax report, ready to file with your tax office. Koinly works by importing your Opera Wallet transaction data, all you need to do is connect using your public address. Here’s how it works.
You'll need to connect each blockchain/coin you interact with via Opera Wallet to Koinly individually via your public address. This is easy to do, you just need to get the public address for each blockchain from Opera Wallet. Here's how.
Please note, there are some blockchains - like Bitcoin - where you'll need your xpub key instead. See our guide on exporting your xpub key.
1. When you're syncing Opera Wallet via API, you'll need to repeat these steps for each different coin you're syncing. For example, you would need to sync Ethereum and Bitcoin separately.
2. If you can't find your coin, this means Koinly can't yet auto-sync transactions for that coin yet. We're always working on supporting new coins. so please let us know if this is the case for you and we'll get it added as soon as we can.
3. Opera Wallet doesn't yet feature an option for exporting transaction data via CSV file, so the API integration method is the best way to integrate your Opera Wallet with Koinly.
Problems connecting Opera Wallet and Koinly? No worries - there's help at hand:
Sign up free today to calculate your Opera Wallet taxes
No. Opera Wallet does not issue tax forms to users.
The easiest way to get your tax info from Opera Wallet is to connect automatically to Koinly. All you need to do is get your public address(es) from Opera Wallet and let Koinly do the rest.
No. You don't need to complete any KYC verification in order to use Opera Wallet.
Yes. Opera Crypto Browser offers a secure, Web3 experience for users with safety features like a secure clipboard and malicious address checker.
No, Opera Wallet does not provide CSV reports.