How to do your BOB taxes with Koinly
BOB is a Bitcoin-secured, Ethereum-compatible hybrid chain that enables native BTC deposits via BitVM, EVM-based DeFi apps, and yield opportunities. But if you have BOB investments, you may have a tax bill. Koinly can help you calculate your BOB taxes easily. All it needs is your transaction history. Here's how it works.
Follow these steps to download your BOB data:
- For blockchains, it is usually best to sync your data through the auto-sync integration. If this is not an option for you, you can also import a CSV file.
- Open up your favorite block explorer for BOB
- Search for your public address
- Find an export button (usually at the top or bottom of your transaction history)
- Download a CSV file with your transaction history. You may need to download multiple files if the explorer does not include all transaction types in a single file
- Koinly supports the CSV formats from a lot of different explorers but some formats are not supported. If your file does not import directly into Koinly, you will need to change the headers of the file to match one of our custom formats
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find BOB in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from BOB (one at a time) and click on Import
- 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 BOB?
BOB is a hybrid blockchain that brings Bitcoin into decentralized finance by combining Bitcoinâs security with Ethereumâs programmability. Built on the OP Stack, it enables smart contracts, DeFi apps, and cross-chain yield strategies while using a trust-minimized bridge via BitVM to allow native BTC deposits without wrapped tokens. Its architecture evolves in phasesâfrom an optimistic rollup to incorporating ZK proofs and BTC-staked finality providers, ultimately aiming for a full Bitcoin rollup. Backed by $21M in funding and integrations with top DeFi protocols like Uniswap, Euler, and Chainlink, BOB provides developers with EVM compatibility and users with one-click access to yield opportunities, all while rewarding community participation through its BOB Fusion program.
Is BOB safe?
BOB is designed with a strong security framework by anchoring to Bitcoinâs proven security, using BitVM to enable trust-minimized BTC deposits without custodians, and planning ZK proofs plus BTC-staked finality providers to ensure blocks are provably correct and misbehavior is punishable. It integrates with institutional-grade platforms like Fireblocks for secure custody and with cross-chain tools like Chainlink CCIP for safe interoperability. Already live on testnet with BitVM bridging and major DeFi partners, BOB is moving toward a Q4 2025 mainnet launch, making it one of the safer approaches to bringing Bitcoin into DeFi. However, like any evolving protocol, ongoing audits and monitoring remain essential.
Does BOB provide tax documents?
No, BOB doesn't issue tax documents, but you can use a crypto tax calculator like Koinly to get the forms you need. Just add your BOB address, and Koinly will import your transaction history and automatically calculate your gains, losses, and income from your investments.
