How to file your SEI taxes with Koinly
SEI is a blockchain designed specifically for high-speed processing, making it ideal for scaling decentralized finance (DeFi) applications including trading platforms, dexes, NFT marketplaces, and GameFi. But your SEI transactions may come with a tax bill. Don't worry, Koinly can help. Here's how.
Follow these steps to sync your SEI data automatically to Koinly:
- Open your SEI 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 SEI 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!
This integration only supports the V1 network. The V2 network will be added soon
- 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 SEI?
SEI is the first parallelized EVM blockchain that combines Ethereum’s development framework with Solana’s high performance. Launched on the mainnet in August 2023, it has consistently finalized blocks at 390ms, making it the fastest layer 1 blockchain. SEI addresses the limitations of current Layer 1 blockchains by providing specialized infrastructure designed for trading applications, focusing on reliability, security, and high throughput. Key features include the Twin-Turbo consensus mechanism, which enhances block propagation and transaction ordering, and advanced parallelization techniques that optimize transaction and block processing.
What are SEI tokens?
SEI is the native token of the SEI blockchain and is used to pay network fees and allows holders to vote in governance decisions. It can also be bought, sold, and traded like other cryptocurrencies.
Do I have to pay tax on my SEI transactions?
Yes. Crypto - including SEI - is taxable. Tax varies depending on the rules where you live, but crypto is generally subject to Capital Gains Tax or Income Tax - or both! Learn more in our crypto tax guides.
How do I calculate my SEI taxes?
The easiest way to calculate your SEI taxes is with a crypto tax calculator like Koinly. With Koinly, just add your public address and it'll automatically import your transaction history and calculate your gains, losses, income, and more.
