How to do your STRAX Wallet taxes with Koinly
STRAX Wallet is a non-custodial wallet for the Stratis blockchain. But if you have STRAX transactions, you might have a tax bill. Don't worry, Koinly can help you calculate your taxes. Here's how.
Follow these steps to sync your STRAX Wallet data automatically to Koinly:
- Open your STRAX Wallet wallet app
- Copy the public address for every coin that you have on it (even the ones with a zero balance)
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find STRAX Wallet 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
FAQs
What is STRAX Wallet?
The STRAX Wallet is a digital wallet developed by Stratis, enabling users to securely send, receive, and stake STRAX tokens. Operating on a Proof of Stake (PoS) algorithm, it allows token holders to participate in network validation and earn rewards by staking their tokens. The wallet functions as a full node, maintaining a complete copy of the STRAX blockchain, which enhances security and contributes to the network's resilience. Additionally, the STRAX Wallet supports cold staking, permitting users to stake tokens from an offline wallet for increased security.
Is STRAX Wallet safe?
STRAX Wallet operates as a full node wallet, maintaining a complete copy of the STRAX blockchain, which enhances security and contributes to network integrity. The wallet also supports cold staking, allowing users to stake tokens from an offline wallet, adding an extra layer of security against potential online threats.
Does STRAX Wallet provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you, just add your Stratis public address and Koinly will import your STRAX Wallet transaction history and calculate your STRAX taxes.
