How to find your Binance Smart Chain public address
Your BSC public address is what you use to receive and track your BNB and BEP-20 tokens.
Mobile wallets (e.g., Trust Wallet, MetaMask, Binance Wallet):
Open your wallet app.
Select the Binance Smart Chain or BNB Smart Chain network.
Tap Receive.
Copy your public address (starts with 0x...).
Browser wallets (e.g., MetaMask, Binance Web3 Wallet):
Click the wallet extension icon.
Make sure the BNB Smart Chain is selected as your network.
Click Account or Receive → copy your 0x... address.
Hardware wallets (e.g., Ledger, Trezor):
Connect your device and open the Binance Smart Chain or Ethereum app (depending on configuration).
Open the companion app (e.g., MetaMask or Ledger Live).
Click Receive and copy your 0x... public address.
This public address can be safely shared for deposits or tracking—but never share your private key or recovery phrase.
How are Binance Smart Chain transactions taxed?
Binance Smart Chain (BNB Smart Chain) activity is taxed similarly to other blockchains. Tax treatment depends on the type of transaction:
Buying BNB or BEP-20 tokens with fiat (USD, MXN, etc.) – Not taxable at purchase; establishes your cost basis.
Selling BNB or BEP-20 tokens for fiat – Taxable capital gain/loss = sale proceeds − cost basis.
Swapping tokens (e.g., BNB for USDT or CAKE) – Taxable disposal of the asset you trade away; the received asset's fair market value becomes your new basis.
Using crypto for goods, services, or NFT mints – Taxable, as it involves disposing of crypto.
Yield farming, liquidity pool rewards, or staking income – Ordinary income at the time received; later sales create capital gain/loss.
Airdrops or token rewards – Taxable income when received.
Transferring tokens between your own wallets – Non-taxable, but should be recorded to preserve cost basis.
Gas fees (BNB) – May reduce proceeds or increase basis depending on the transaction type.
CoinTracker classifies each activity automatically, applies correct cost basis methods (FIFO, HIFO, etc.), and calculates your total taxable income and capital gains.
Can the IRS track Binance Smart Chain?
Yes. Even though Binance Smart Chain is a high-throughput network, its transactions are public and transparent. Tax authorities can:
Use blockchain analytics tools to trace wallet activity.
Obtain 1099 reports from exchanges or custodians that support BNB or BEP-20 tokens.
Match public wallet addresses to KYC accounts.
Syncing your BSC wallet with CoinTracker ensures complete, transparent, and compliant reporting of all your activity on the chain.