Does KuCoin Report to the ATO?

If you're using KuCoin in Australia, the ATO wants to know about your transactions. Find out whether KuCoin reports to the ATO and what it means for your taxes.

Is KuCoin legal in Australia?

Sort of. KuCoin is not licensed or regulated in Australia, but it hasn’t been banned either.

The platform operates without formal approval from Australian regulatory bodies like ASIC or AUSTRAC, yet Australians can still legally access and use it. That said, because KuCoin is unregulated locally, users don’t have the same legal protections if something goes wrong.

KuCoin does implement some KYC and anti-money laundering procedures, but it isn’t officially registered. Regardless of its regulatory status, Australian users are still required to report any crypto gains or income from KuCoin to the ATO for tax purposes.

Read next: Best Crypto Exchanges Australia

Does KuCoin report to the ATO?

It's unclear whether KuCoin reports any user data to the ATO, as the exchange isn’t registered with any Australian regulatory agencies.

In Australia, crypto exchanges are generally required to register with AUSTRAC as Digital Currency Exchanges and must implement know-your-customer (KYC) protocols to verify user identities. Since 2019, the ATO has been running a data-sharing initiative with registered Australian exchanges, requiring them to provide detailed transaction records. In some cases, this data is even pre-filled in taxpayers’ returns, especially when crypto has been sold or traded, prompting individuals to confirm and report any capital gains or taxable activity.

Given Australia’s strict regulatory stance on digital assets, it remains uncertain whether KuCoin has simply avoided scrutiny so far or if some form of alternate arrangement exists.

What do crypto exchanges report to the ATO?

The ATO collaborates with certain data sources to obtain information from crypto platforms, though the exact details of these arrangements aren’t publicly disclosed. Based on available examples, the ATO may collect personal information such as your full name, date of birth, contact details, identity verification data, and IP addresses. It may also access account-related details, including wallet addresses, linked bank accounts, transaction histories, balances, and records of transfers.

Read next: Can the ATO track crypto?

How do I report my KuCoin taxes to the ATO?

If you’ve traded on KuCoin, any capital gains, losses, or crypto-related income must be reported to the ATO as part of your annual tax return, which is due by October 31st each year.

Capital gains or losses should be reported in the Supplementary Section of your individual tax return (NAT 2679), while income from crypto belongs in the standard Tax Return for Individuals (NAT 2541). You can lodge your return online using the ATO’s myTax portal.

Since KuCoin doesn’t issue ATO-compliant tax reports, many Australian users use crypto tax calculators like Koinly to track their transactions, calculate totals, and generate accurate tax documents for filing.

Read next: Australian Crypto Tax Guide

Report your KuCoin taxes with Koinly

Koinly makes it simple to report your KuCoin transactions to the ATO. You can securely import your trading data either through an API connection or by uploading a CSV file.

Once your data is uploaded, Koinly automatically calculates your capital gains, losses, income, and other taxable activity. It then generates an ATO-compliant myTax report, along with any supporting documents needed for your tax return. Learn more about how to handle your KuCoin taxes with Koinly.