How to do your PulseChain taxes

What is PulseChain?

PulseChain is a layer-1 blockchain, aiming to take on Ethereum with a more scalable network and cheaper transactions. The blockchain's native currency is PLS, a token used to pay fees, activate validators, and bridge to other chains. PulseChain also launched a decentralized exchange, PulseX, where users can swap tokens and NFTs on the PulseChain network - including the popular cryptocurrency HEX.


Follow these steps to sync your Pulsechain (PLS) data automatically to Koinly:

  1. Open your Pulsechain (PLS) wallet app
  2. Locate and copy your public address or key

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Pulsechain (PLS) in the list
  3. Select API > Paste the public address/key you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Notes / Limitations
  • Some pre-fork balances may be missing. If you notice this, then you should add these forks manually
  • Some recent transactions may be missing due to the explorer not having indexed them. If you encounter this issue, you can try to resync your wallet from the beginning a few days later (see this article for more info)
Having trouble connecting Pulsechain (PLS) with Koinly?

How to find your PulseChain public address

To connect PulseChain to Koinly, you need your public address. The exact steps for this will vary depending on your wallet. You'll find easy to follow steps on how to get your PulseChain public address for hundreds of wallets here, but generally speaking, it's as simple as:

  1. Log in to your wallet

  2. Select the PulseChain (PLS) blockchain

  3. Copy your public address

Don't forget, in order for Koinly to calculate your crypto taxes correctly you’ll need to add your public address from every wallet you use to interact with PulseChain.

Your frequently asked questions

Who founded PulseChain?
Can I buy PulseChain?
How much is 1 PulseChain worth?
Is PulseChain legitimate?
Is HEX on PulseChain?
How are PulseChain transactions taxed?
Do I pay tax on PulseChain airdrops?
How do I get a PulseChain tax report?
How do I export my PulseChain transaction history?