Wallet · Address
Rainbow taxes, without your seed phrase.
Copy a public address out of Rainbow, paste it into HashBooks, and the on-chain history behind it comes across. No recovery phrase, no signing.
- Read-only
- 8 country reports
- Free to start
- From
- Rainbow
- To
- HashBooks ledger
- Method
- Public wallet address
- Access
- Public on-chain data only
- Brings in
- Transfers to and from the address, 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
How to connect
Bring Rainbow in.
It takes a couple of minutes. Stuck? See connecting accounts in the help centre.
- Open the Rainbow app.
- Tap the "Copy" button to get your wallet's public address.
- In HashBooks, choose Rainbow under Integrations and paste your public address. HashBooks never needs your recovery phrase or private key.
Good to know
Rainbow specifics.
- Rainbow only supports ETH and Ethereum-based assets.
- Anyone who knows your public address can see your transaction history and what assets you have inside of your wallet.
From Rainbow’s own pages: rainbow.me, rainbow.me, rainbow.me. Checked October 2026.
Taxed or not
Which Rainbow moves create tax.
For the country you picked at the top of the page.
| On Rainbow | Taxable in United States? | How |
|---|---|---|
| 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. |
| Moving to your own wallet | No | Moving between your own wallets and accounts. |
| On Rainbow | Taxable in United Kingdom? | How |
|---|---|---|
| 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. |
| Moving to your own wallet | No | Moving between your own wallets. |
| On Rainbow | Taxable in India? | How |
|---|---|---|
| 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. |
| Moving to your own wallet | No | Moving between your own wallets and exchanges. |
Worked example
One example, line by line.
A typical move onto Rainbow, as your tax office would treat it. These are example figures, not yours; HashBooks uses your own history for those.
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 Rainbow activity means at tax time.
Change the country at the top of the page and these rules change with it. Every line links to the full explanation in the help centre.
United States · Form 8949
- Selling, swapping or spending what you hold on Rainbow. 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 Rainbow in United States
- Rewards and interest from Rainbow. Staking rewards, interest and other rewards are ordinary income at their dollar value when received; that value becomes their cost basis. More on Rainbow in United States
- NFTs bought or sold through Rainbow. Selling an NFT at a gain is a capital gain; buying one isn’t taxable, it sets your cost basis. More on Rainbow in United States
- Moving coins to or from Rainbow. Moving crypto between your own wallets and accounts isn’t taxable. More on Rainbow 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 Rainbow 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 Rainbow. 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 Rainbow in United Kingdom
- Rewards and interest from Rainbow. Staking rewards are income at their pound value when received, and that value becomes their cost for a later disposal. More on Rainbow in United Kingdom
- NFTs bought or sold through Rainbow. Selling an NFT held as an investment is a Capital Gains Tax disposal; swapping one NFT for another is too. More on Rainbow in United Kingdom
- Moving coins to or from Rainbow. Moving crypto between your own wallets isn’t a disposal. More on Rainbow in United Kingdom
- Cost basis. Disposals match same-day buys, then buys in the next 30 days, then the Section 104 pool. More on Rainbow 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 Rainbow. 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 Rainbow in India
- Rewards and interest from Rainbow. Staking, airdrop and other rewards are income at your slab rate when received; selling them later is a separate 30% transfer. More on Rainbow in India
- NFTs bought or sold through Rainbow. NFTs are virtual digital assets: a sale is a transfer taxed at 30% plus cess on the gain. More on Rainbow in India
- Moving coins to or from Rainbow. Moving crypto between your own wallets and exchanges isn’t a transfer. More on Rainbow in India
Full rules: the India crypto tax guide in the help centre, or the India overview.
See the rules for your country.
What comes across
What HashBooks reads from Rainbow.
- Transfers to and from the address
- Swaps, recognised from the transaction
- NFTs held and sold
- Network fees
Security
Your Rainbow address can’t move anything.
Only public information is used: the history that Rainbow already shows for an address. No recovery phrase, no private key, no signing. How HashBooks keeps data safe.
Similar
More wallets, same ledger.
Questions
Rainbow, answered.
Does Rainbow send a tax report?
No. Rainbow is a self-custody wallet, so there is no broker to issue one. Your history is on the blockchains it connects to, and HashBooks reads it from your public addresses.
Will HashBooks ever ask for my Rainbow recovery phrase?
Never. HashBooks needs public addresses only. Anyone asking for your recovery phrase or private key, including someone claiming to be from HashBooks or Rainbow, is trying to take your funds.
Which HashBooks plan do I need for Rainbow?
Connecting Rainbow 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 Rainbow 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?
Your Rainbow report, free to start.
Free to start. Read-only from the first click.