How to file your Cointree taxes with Koinly

How to do your Cointree taxes with Koinly

Cointree is a popular Australian exchange with more than 240 cryptocurrencies, high levels of security, and straightforward fees. Whatever your Cointree investment, Koinly can help with your crypto taxes and filing with the ATO - connect via API or upload a CSV file of your Cointree transaction history.


Follow these steps to sync your Cointree data automatically to Koinly:

  1. Log in to Cointree.
  2. Select your profile icon in the top right corner.
  3. From the drop-down menu, select settings.
  4. From the top navigation menu, select API keys.
  5. Give your API key a name, for example, "Koinly".
  6. Select generate API key + secret.
  7. Copy your API key and API secret and add them to Koinly.

On Koinly:

  1. Create a free account on Koinly
  2. Complete onboarding until you get to the Wallets page and find Cointree in the list
  3. Select API > Paste the API keys you copied above in the appropriate box
  4. Hit Import and wait for Koinly to sync your data. This can take a few minutes
  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 Cointree with Koinly?

How are Cointree transactions taxed?

The ATO is clear that your Cointree 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 Cointree, 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 much 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 Cointree, the ATO generally views this as additional income and you may need to pay Income Tax upon receipt.

Does Cointree report to the ATO?

Cointree may report to the ATO. As an AUSTRAC registered exchange, Cointree is part of a data sharing program with the relevant government authorities - including the ATO.

How do I file my Cointree taxes?

The ATO expects you to report any capital gains, losses, or income from crypto in your annual tax return, either using the myTax portal or the NAT 2541 & NAT 2670 forms.

To do this, you need to calculate your capital gains, losses, and any income from Cointree (and any other crypto platforms), but for busy investors, this can be a lot of work. You’ll need to identify your cost basis for each asset, identify your taxable transactions and the kind of tax that applies, calculate your gains and losses using an ATO-approved cost basis method, and separate short and long-term gains.

This is why most investors opt to use crypto tax software like Koinly. Koinly does all this for you and generates your myTax report, ready to file with the ATO.

Your frequently asked questions

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