How do I connect my Helium account to CoinTracker?
To add your Helium transactions to CoinTracker:
Download the CSV export of your transactions from Helium
Import your CSV export to CoinTracker here
How to find your Helium public address
Your Helium (HNT) public address is what you use to receive or track your tokens.
Mobile wallets (e.g., Helium Wallet, Helium Hotspot App):
Open your Helium Wallet app.
Tap your Account tab or Receive option.
Copy your Helium address (starts with 13..., 14..., or 15...).
Web wallets (e.g., Helium web dashboard):
Log in to your Helium Wallet
Click your account name or balance.
Copy your HNT address displayed on the dashboard.
Hardware wallets (e.g., Ledger):
Connect your device and open the Helium app.
In your companion software (e.g., Ledger Live), click Receive.
Copy your Helium (HNT) address.
Your public address can safely be shared for deposits or tracking—but never share your private key or recovery phrase.
How are Helium transactions taxed?
Helium (HNT) is treated as property for tax purposes. The taxable treatment of your HNT activity depends on how it was earned or used:
Buying HNT with fiat (USD, MXN, etc.) – Not taxable; establishes your cost basis.
Selling HNT for fiat – Taxable capital gain/loss = sale proceeds − cost basis.
Swapping HNT for other cryptocurrencies – Taxable disposal; the received asset's value becomes your new cost basis.
Mining or network rewards (Proof-of-Coverage, validators, IoT data) – Ordinary income at fair market value when received.
Staking HNT or validator rewards – Ordinary income upon receipt; later sale = capital gain/loss.
Transferring HNT between your own wallets – Non-taxable, but necessary to record for cost basis tracking.
Transaction fees – May be deducted or added to basis depending on the context of the transaction.
CoinTracker automatically distinguishes between mining income and capital gains, calculates your cost basis, and generates accurate reports for tax compliance.
Can the IRS track Helium?
Yes. The Helium blockchain is public and transparent. The IRS and other tax agencies can:
Analyze wallet activity using blockchain analytics tools.
Receive transaction data from KYC exchanges that support HNT (e.g., Binance, Uphold).
Match Helium wallet addresses to verified user accounts.
Connecting your Helium wallet to CoinTracker ensures accurate reporting of all your mining rewards, transfers, and token conversions in compliance with tax regulations.