Blockchain · Address
Fantom wallet, read from the chain.
HashBooks reads Fantom from your public address alone: token transfers, swaps and the FTM (Fantom) you spend on gas.
- Read-only
- 8 country reports
- Free to start
- From
- Fantom
- To
- HashBooks ledger
- Method
- Public wallet address
- Access
- Public on-chain data only
- Brings in
- Native and token transfers, Swaps, recognised from the transaction
- Report
- Form 8949 SA108 Schedule VDA myTax capital gains Schedule 3 Anlage SO Form CG1 IRAS income summary
Every row keeps its original record
Status
Fantom is winding down.
Fantom Opera was a general-purpose EVM L1 for DeFi and dApps; FTM is migrating 1:1 to S on the successor Sonic chain.
- Your past activity on the chain stays on-chain, and HashBooks still reads it from your address
- Bridging assets back is a transfer between your own wallets, not a sale
- Keep the history: you may need it for the year you dispose of the assets
Source: fantom.foundation, checked 22.10.2026.
At a glance
Fantom in brief.
| Chain ID | 250 |
|---|---|
| Gas token | FTM (Fantom) |
| Type | EVM network |
| Website | fantom.foundation |
| Address format | 0x…, the same as Ethereum |
Chain ID, gas token and explorer from chainlist (chainid.network).
How to connect
Bring Fantom in.
It takes a couple of minutes. Stuck? See connecting accounts in the help centre.
- Copy your public Fantom address (starts with 0x) — never your seed phrase or private key.
- In HashBooks, add a wallet and paste the address.
- HashBooks reads the full on-chain history for that address and classifies every transfer.
Good to know
Fantom specifics.
- One 0x address works across EVM networks, Fantom included, but each network records its own transactions. Add your address once more for Fantom.
- Gas on Fantom is paid in FTM (Fantom). Every fee spends a little FTM, and HashBooks records each one at its value on the day.
- Fantom has been succeeded by Sonic. The S token is Sonic's native token and pays transaction fees.
- FTM holders can upgrade to S through the Sonic Upgrade Handbook. The two-way FTM to S swap covers the first 90 days after launch, and after that the swap is one-way from FTM to S.
- Sonic launched on December 18, 2024. Block rewards were migrated from Fantom Opera to Sonic.
From Fantom’s own pages: docs.soniclabs.com, docs.soniclabs.com. Checked October 2026.
Taxed or not
What’s taxable on Fantom?
One row for each thing you can do on Fantom, for the country you picked.
| On Fantom | Taxable in United States? | How |
|---|---|---|
| Moving to your own wallet | No | Moving between your own wallets and accounts. |
| Swapping one coin for another | Yes | A disposal of the coin you give up, at market value. |
| Buying and selling NFTs | Yes | A sale is a capital gain or loss; collectible NFTs can be taxed at up to 28% long-term. |
| Rewards, staking and interest | Income | Ordinary income at fair market value when received. |
| Bridging to another network | No | Moving your own coins between networks isn’t a sale, unless you receive a different asset. |
| Paying network fees | Depends | Usually added to cost or deducted from proceeds of the trade it paid for. |
| On Fantom | Taxable in United Kingdom? | How |
|---|---|---|
| Moving to your own wallet | No | Moving between your own wallets. |
| Swapping one coin for another | Yes | A disposal at market value. |
| Buying and selling NFTs | Yes | A disposal for Capital Gains Tax, unless you trade NFTs as a business. |
| Rewards, staking and interest | Income | Income at the pound value when received. |
| Bridging to another network | Depends | Not a disposal if you keep beneficial ownership of the same asset. |
| Paying network fees | Depends | Fees on a disposal are an allowable cost. |
| On Fantom | Taxable in India? | How |
|---|---|---|
| Moving to your own wallet | No | Moving between your own wallets and exchanges. |
| Swapping one coin for another | Yes | A transfer of the coin you give up, taxed at 30% plus cess; TDS applies on both legs. |
| Buying and selling NFTs | Yes | A virtual digital asset: 30% plus cess on the gain. |
| Rewards, staking and interest | Income | At your slab rate when received. |
| Bridging to another network | No | Moving your own crypto isn’t a transfer. |
| Paying network fees | No | Not deductible: only the cost of acquisition counts. |
What comes across
Your Fantom history, in one ledger.
- Native and token transfers
- Swaps, recognised from the transaction
- Bridge deposits and withdrawals, as transfers
- Gas fees in FTM (Fantom)
Worked example
The numbers, worked through.
A typical move onto Fantom, taxed the way your country does it. The figures are illustrative; HashBooks works out yours from your own history.
Illustrative · United States
| Bridge 1 ETH from Ethereum (cost $2,000) | Not a sale |
|---|---|
| Swap the ETH for tokens worth | $2,600 |
| Cost basis carried over the bridge | −$2,000 |
| Gain on the swap | $600 |
| Gas paid in ETH, added to cost | −$4 |
| Reported gain | $596 |
The bridge keeps your original cost; the swap is the taxable event. The full example in the help centre.
Illustrative · United Kingdom
| Bridge 1 ETH (pool cost £1,600) | Not a disposal |
|---|---|
| Swap the ETH for tokens worth | £2,100 |
| Allowable cost from the pool | −£1,600 |
| Gas on the swap | −£3 |
| Gain | £497 |
Counts towards your £3,000 annual exempt amount. The full example in the help centre.
Illustrative · India
| Bridge 1 ETH (cost ₹1,70,000) | Not a transfer |
|---|---|
| Swap the ETH for tokens worth | ₹2,20,000 |
| Cost of acquisition | −₹1,70,000 |
| Gain (gas isn’t deductible) | ₹50,000 |
| Tax at 30% plus 4% cess | ₹15,600 |
On-chain swaps have no exchange to deduct TDS, so check whether you need to pay it. The full example in the help centre.
Your country
What your Fantom activity means at tax time.
These are the rules for the country you chose, applied to Fantom activity. Open any line for the full explanation in the help centre.
United States · Form 8949
- Selling, swapping or spending what you hold on Fantom. Selling, swapping or spending crypto is a capital gain or loss: short-term at 10–37% if held a year or less, 0, 15 or 20% if held longer. More on Fantom in United States
- Rewards and interest from Fantom. Staking rewards, interest and other rewards are ordinary income at their dollar value when received; that value becomes their cost basis. More on Fantom in United States
- NFTs bought or sold through Fantom. Selling an NFT at a gain is a capital gain; buying one isn’t taxable, it sets your cost basis. More on Fantom in United States
- Moving coins to or from Fantom. Moving crypto between your own wallets and accounts isn’t taxable. More on Fantom in United States
- Cost basis. Since 1 January 2025 cost basis is tracked per wallet or exchange; HashBooks uses FIFO, lot by lot. More on Fantom in United States
Full rules: the United States crypto tax guide in the help centre, or the United States overview.
United Kingdom · SA108
- Selling, swapping or spending what you hold on Fantom. Selling, swapping or spending crypto is a disposal for Capital Gains Tax: gains above the £3,000 annual exempt amount are taxed at 18% or 24%. More on Fantom in United Kingdom
- Rewards and interest from Fantom. Staking rewards are income at their pound value when received, and that value becomes their cost for a later disposal. More on Fantom in United Kingdom
- NFTs bought or sold through Fantom. Selling an NFT held as an investment is a Capital Gains Tax disposal; swapping one NFT for another is too. More on Fantom in United Kingdom
- Moving coins to or from Fantom. Moving crypto between your own wallets isn’t a disposal. More on Fantom in United Kingdom
- Cost basis. Disposals match same-day buys, then buys in the next 30 days, then the Section 104 pool. More on Fantom in United Kingdom
Full rules: the United Kingdom crypto tax guide in the help centre, or the United Kingdom overview.
India · Schedule VDA
- Selling, swapping or spending what you hold on Fantom. Each sale or swap is a transfer taxed at a flat 30% plus 4% cess on the gain. Losses can’t be set off, and only the cost of acquisition is deductible. More on Fantom in India
- Rewards and interest from Fantom. Staking, airdrop and other rewards are income at your slab rate when received; selling them later is a separate 30% transfer. More on Fantom in India
- NFTs bought or sold through Fantom. NFTs are virtual digital assets: a sale is a transfer taxed at 30% plus cess on the gain. More on Fantom in India
- Moving coins to or from Fantom. Moving crypto between your own wallets and exchanges isn’t a transfer. More on Fantom in India
Full rules: the India crypto tax guide in the help centre, or the India overview.
See the rules for your country.
Similar
More evm chains, same ledger.
Security
Your Fantom address can’t move anything.
Adding a Fantom address is the same as looking it up on a public explorer. HashBooks can read it but cannot move anything. How HashBooks keeps data safe.
Questions
Fantom, answered.
Is bridging to Fantom taxable?
Moving your own crypto to Fantom through a bridge is generally not a sale, because you still own it. Watch for bridges that swap the token on the way: receiving a different asset can be a disposal. HashBooks matches the two sides when both addresses are connected.
Are Fantom gas fees tax deductible?
It depends on your country. In the US and UK a fee paid on a trade usually becomes part of its cost or reduces proceeds; in India only the cost of acquisition is deductible. HashBooks applies the rule for the country you file in.
Which HashBooks plan do I need for Fantom?
Connecting Fantom and seeing an estimated tax summary is free for up to 100 transactions across 3 connections. Filing reports for your country start on the Starter plan; see pricing.
Can HashBooks move anything from my Fantom address?
No. A public address shows history but can’t sign anything, and HashBooks never asks for a recovery phrase or private key. It reads; it can’t trade, withdraw or transfer.
Something else? Read all questions and answers, ask us or browse the help centre.
Ready?
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