How to do your Pepecoin (PEP) taxes
Pepecoin (PEP) is a decentralized, proof-of-work, community-driven Layer-1 cryptocurrency that enables merged mining with both Litecoin and Dogecoin for ultra-low fees and fast confirmations. But if you have PEP transactions, you may have taxable gains or income. Koinly can help calculate your Pepecoin taxes and generate your crypto tax reports, making it easy for you to file. All it needs is your transaction history. Here's how to import it.
Follow these steps to sync your Pepecoin (PEP) data automatically to Koinly:
- Open your Pepecoin (PEP) 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 Pepecoin (PEP) 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
Koinly also supports the original ERC-20 PepeCoin via our Ethereum integration.
FAQs
How is Pepecoin taxed?
The taxes you pay on crypto depend on where you live, so read our crypto tax guides for specific information about where you live. But broadly speaking, two taxes may apply to your Pepecoin transactions:
Capital Gains Tax: When you sell or trade PEP tokens, you’ll usually pay Capital Gains Tax on any gain you make as a result of the transaction.
Income Tax: When you earn new PEP tokens, including through airdrops in most instances, you'll pay Income Tax based on the fair market value of PEP at the time you received your tokens.
What is Pepecoin (PEP)?
Pepecoin (PEP) is a fully decentralized, proof-of-work, community-driven Layer-1 cryptocurrency, essentially "Bitcoin with a frog logo", that launched fairly on January 30, 2024. It enables merged mining with both Litecoin and Dogecoin, allowing the same hashing power to secure multiple chains simultaneously and benefiting from their combined network security. With ultra-low fees, fast confirmations, and no premines or ICO, Pepecoin is built for fun, meme-driven tipping, payments, and global peer-to-peer use. Its open-source code, trustless consensus, simplified wallet experience, and emphasis on community participation make it both approachable and technically sound.
What's the difference between PEP and PEPE?
PEP (Pepecoin) is a fair-launched, proof-of-work Layer-1 blockchain created in January 2024, merge-mined with Litecoin and Dogecoin, making it inflationary with halving cycles and designed for low-fee payments, tipping, and community use. In contrast, PEPE (Pepe Coin) is an ERC-20 token launched on Ethereum in April 2023 as a meme coin, featuring a deflationary design with token burns and redistribution, thriving mainly on hype and speculative trading. In short, PEP is a mined cryptocurrency with its own chain and utility focus, while PEPE is a meme-driven token on Ethereum.
