How to do your Vana taxes with Koinly
Vana is a decentralized network that lets people own, control, and earn from their data while keeping it private and secure. But if you have VANA transactions, you may have a tax bill. Koinly can help calculate gains, losses, income, and more from Vana. All you need to do is import your Vana transaction history. Here's how.
Follow these steps to sync your VANA data automatically to Koinly:
- Open your VANA 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 VANA 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 Vana network?
Vana is a decentralized data network designed to give individuals ownership and control over their digital data. It lets users pool their private data into DataDAOs while keeping data encrypted and privacy-protected. Developers and researchers can request access to these datasets through secure compute environments, ensuring raw data never leaves user control. Vana runs its own EVM-compatible blockchain, which coordinates permissions and transactions using its VANA token and dataset-specific VRC-20 tokens. The network aims to realign incentives in the data economy by letting users earn rewards when their data is used, supporting a new model of user-owned, privacy-preserving AI development.
Is Vana safe?
Vana is designed with strong security principles, user data is encrypted and stored off-chain, access is handled through privacy-preserving trusted execution environments (TEEs), and its smart contracts are independently audited. This structure means users retain control of their encryption keys and data permissions. However, as with any blockchain or decentralized system, safety depends on careful key management, the reliability of the TEEs, and the security of your own devices. Overall, Vana appears secure by design but still carries typical crypto and data-privacy risks that users should understand before participating.
Does Vana provide tax documents?
No, Vana doesn’t issue tax forms for its users. If you need to calculate Vana taxes, the easiest way to do so is with a crypto tax calculator like Koinly. With Koinly, just add your Vana public address and it'll import your Vana transaction history automatically via API and calculate your gains, losses. income, and more.
