How to do your Rollbit taxes with Koinly
Rollbit is a crypto platform offering a casino experience, sports betting, and leveraged futures trading. It supports its own token, RLB, as well as other major coins, including BTC, ETH, and SOL, and NFTs.
If you have gambling winnings or income from trading on Rollbit, you'll have a tax bill. Upload your Rollbit transaction history to Koinly, and it will calculate your crypto taxes and generate tax reports. Here's how to export it.
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Rollbit in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Rollbit (one at a time) and click on Import
- 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!
Files you can download from Rollbit only contain your trades/bets.
That means that deposits/withdrawals will need to be added manually.
- 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 Rollbit?
Rollbit is a crypto casino and trading platform. It hosts a wide variety of casino games with verifiable randomness, sports betting, leveraged crypto trading, and a market to buy and sell Rollbit-branded NFTs. Users can directly trade with their native coin, RNB, or other major cryptocurrencies, including BTC, ETH, SOL, LTC, DOGE, and stablecoins USDT and USDC.
What can you do on Rollbit?
There's a lot of variety on Rollbit. Users can:
Play casino games: Slots, table games, original games, and live casino
Bet on sports and esports
Trade crypto futures with leverage
Buy and hold Rollbit Coin (RLB) to participate in staking for rewards and lottery entries
Is Rollbit safe?
Rollbit has security measures in place, such as two-factor authentication and session and device management, but there is a lack of KYC, so there is more responsibility for users to secure their own accounts. Any form of gambling is a risk, although Rollbit has provably fair games. However, there are numerous complaints surrounding account restrictions and withdrawal issues. If you use Rollbit, proceed with caution and ensure your wallets are as secure as possible.
Does Rollbit provide tax documents?
No, Rollbit doesn't provide tax documents. However, by uploading your Rollbit transaction history to a crypto tax calculator like Koinly, you can easily calculate your crypto taxes and generate the relevant tax reports.
