How to do your Block Earner taxes with Koinly
Block Earner is an Australian crypto-fintech platform offering trading, DeFi access, and crypto-backed loans. But if you have Block Earner profits, you may have a tax bill. Koinly can help you easily calculate your Block Earner gains, losses, and income, and generate ATO-ready tax forms. All it needs is your transaction history. Here's how to import it.
Follow these steps to sync your Block Earner data automatically to Koinly:
- Log in to your Block Earner account
- Go to the API settings page
- Create a new api key for Koinly
- Make sure to give it permission to read your deposits/withdrawals/trades. Koinly does NOT need access to your funds so you should disable any fund management permissions.
- Copy your API key and API secret
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Block Earner in the list
- Select API > Paste the API keys you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is Block Earner?
Block Earner is an Australian fintech and crypto platform operated by Web3 Ventures Pty Ltd, registered with AUSTRAC as a digital currency exchange and remittance provider. It allows users to buy, sell, and store over 350 cryptocurrencies, access DeFi products, and take out crypto-backed loans in Australian dollars without selling their assets.
Is Block Earner safe?
Block Earner is safer than many unregulated crypto platforms since it’s registered with AUSTRAC and uses Coinbase Custody with insurance for its vault storage, but it’s not risk-free. The company doesn’t hold an Australian Financial Services Licence, and its legal battle with ASIC over the now-discontinued “Earner” yield product is still ongoing, leaving regulatory uncertainty. While its custody setup offers some protection against theft or loss, user funds aren’t government-guaranteed, and crypto-backed loans carry market and liquidation risks.
Does Block Earner provide tax documents?
No, Block Earner doesn’t issue ATO tax forms for users. If you need to calculate Block Earner taxes, the easiest way to do so is with a crypto tax calculator like Koinly. With Koinly, just connect via API or upload a CSV file, and it'll import your Block Earner transaction history automatically to calculate your gains, losses. income, and more.
