How to do your Persistence (XPRT) taxes with Koinly
Persistence is a Layer-1 blockchain within the Cosmos ecosystem, designed to be a liquidity hub for Bitcoin decentralized finance (BTCFi).
If you're using Persistence (XPRT), you may have a tax bill. Calculate your Persistence (XPRT) taxes by syncing your data to Koinly. Here's how.
Follow these steps to sync your Persistence (XPRT) data automatically to Koinly:
- Open your Persistence (XPRT) 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 Persistence (XPRT) 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!
Please note that transaction history imported via this integration may be incomplete due to API limitations. NFT transactions, liquidity operations, and older activity may require manual entry to ensure full accuracy.
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FAQs
What is Persistence (XPRT)?
The purpose of Persistence, a Layer-1 blockchain built in the Cosmos ecosystem, is to become a sole liquidity hub for Bitcoin decentralized finance (BTCFi). The goal of this hub is seamless and low-cost trading of BTC, BTC-related assets, and liquid stake tokens (LSTs). XPRT token is used for governance, transaction fees, and to secure the network through staking.
Does Persistence (XPRT) provide tax documents?
No, Persistence doesn't provide tax documents. By syncing your Persistence read-only data to Koinly, it can calculate your crypto taxes and provide you with specialized tax reports.
