How to do your Movement taxes with Koinly
Movement is a blockchain network that uses the Move programming language to make apps faster, safer, and easier to build, while also working with Ethereum and existing crypto apps. But if you have MOVE transactions, you may have a tax bill. Koinly can help calculate Movement gains, losses, income, and more. It just needs your transaction history. Here's how to import it.
Follow these steps to sync your Movement (MOVE) data automatically to Koinly:
- Open your Movement (MOVE) 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 Movement (MOVE) 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
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- Contact us on email or live chat
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FAQs
What is Movement?
Movement is a blockchain ecosystem built by Movement Labs that leverages the Move programming language and its virtual machine for secure, resource-oriented smart contracts while also supporting EVM compatibility for easy migration of existing dApps. It enables developers to launch modular rollups with customizable components such as data availability, sequencers, and settlement mechanisms, all anchored to Ethereum for security. Key innovations include fast-finality settlement for quick transaction confirmation, a decentralized shared sequencer to enhance fairness and interoperability, and infrastructure designed to unify liquidity across Move-based chains. By combining speed, safety, modularity, and compatibility, Movement aims to make Move more widely adopted while reducing fragmentation across blockchain ecosystems.
Is Movement safe?
Movement is technically designed with safety in mind, using the secure Move language, audited code, and bug bounty programs, but concerns remain around its governance and token management. Past controversies over hidden agreements, large token dumps, and insider influence have raised questions about trust and transparency. In short, it appears reasonably safe for developers from a technical standpoint, but investors and users should be cautious about the non-technical risks tied to leadership, governance, and token economics.
Does Movement provide tax documents?
No, Movement doesnât provide tax forms to its users. The simplest way to work out your Movement taxes and generate a crypto tax report is by using a crypto tax calculator such as Koinly. With Koinly, you can connect your Movement wallet by adding your public address, and it will automatically pull in your Movement transaction history through the API. From there, it calculates your gains, losses, and income, and creates the tax reports you need to file with ease.
