Coinstash is a user-friendly 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 crypto taxes. Here's how it works.
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:
Yes. Coinstash is an AUSTRAC registered exchange and as such may share customer data with government agencies upon request.
You'll need to start by downloading a CSV file with your full trading history from Coinstash before you can upload it to Koinly - here's how.
Now you've got your CSV file, here's how to upload it to Koinly.
Problems connecting Coinstash and Koinly? No worries - there's help at hand:
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No, Coinstash doesn’t provide an ATO tax report. However, you can use a crypto tax calculator to generate an ATO compliant crypto tax report in no time at all.
The easiest way to get your Coinstash tax documents is to upload a CSV file of your Coinstash transaction history to Koinly. Koinly will then calculate your Coinstash taxes and generate a tax report, ready to file with the ATO.
No, Coinstash doesn’t provide a financial statement or EOFY statement for users. But you can use the export CSV function to get a record of your transaction history on Coinstash.
Yes - the ATO is clear crypto is taxed. You’ll pay Capital Gains Tax on any gains when you sell or swap on Coinstash, and potentially Income Tax upon receipt on Coinstash Earn tokens.
Yes. Coinstash is regarded as a safe and well-regulated crypto exchange and offers strong security features like SSO encryption and 2FA on all user accounts.
Yes, like most Australian crypto exchanges, Coinstash has KYC verification in place for users in order to meet AUSTRAC operating requirements.