How to file your Coinstash taxes

How to do your Coinstash taxes with Koinly

Coinstash is a user-friendly Australian crypto platform that lets you buy, sell, send, and receive crypto, as well as earn reward points. Whatever your investments, Koinly can help with your Coinstash crypto taxes. Here's how it works.

Follow these steps to download your Coinstash data:

  1. Log in to Coinstash.
  2. Select portfolio from the top navigation menu.
  3. Scroll down to transactions and select the download icon next to CSV.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Coinstash in the list
  3. Click on it and select "File import" in the import options screen
  4. Upload the files you downloaded from Coinstash (one at a time) and click on Import
  5. Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
  6. Go to the Tax Reports page to view your tax liability!
Having trouble connecting Coinstash with Koinly?

How are Coinstash transactions taxed?

The ATO is clear that your Coinstash transactions may be subject to either Capital Gains Tax or Income Tax and the amount of tax you’ll pay depends on how much you earn and how long you’ve held your asset. You can learn more in our Australia crypto tax guide, but in brief:

  • Capital Gains Tax: If you sold or swapped crypto on Coinstash, you’ll pay Capital Gains Tax. Although it’s referred to as Capital Gains Tax, it’s based on the same Income Tax rates - so you’ll pay between 0% to 45% tax depending on how you earn. However, if you hold your asset for more than a year, you’ll get a 50% discount.

  • Income Tax: If you earned new tokens on Coinstash, the ATO generally views this as additional income and you may need to pay Income Tax upon receipt.

Does Coinstash report to the ATO?

Yes. Coinstash is an AUSTRAC registered exchange and as such may share customer data with government agencies upon request.

Your frequently asked questions

Does Coinstash have tax documents?
How do I get Coinstash tax documents?
Does Coinstash provide financial or end of year statements?
Do I have to pay taxes on Coinstash?
Is Coinstash safe?
Does Coinstash require KYC?