How to file Bitaroo taxes with Koinly
Bitaroo is a relatively new Australian crypto exchange offering low transaction and withdrawal fees that let investors, businesses, and SMSFs buy, trade, and sell Bitcoin. Whatever your investments, Koinly can help you calculate and report your Bitaroo investments to the ATO. All you need is CSV files of your Bitaroo transactions. Here's how it works.
- Sign up to Koinly and choose your country (Australia) and currency (AUD)
- Connect Biataroo with Koinly to import all your Bitcoin trades safely and securely
- Koinly categorizes Bitaroo transactions into gains, losses, and income
- Download your crypto tax report from Koinly
- File your crypto taxes online with myTax or hand your report over to your accountant
How to connect Bitaroo to Koinly via CSV
You'll need your complete Bitaroo transaction history to upload to Koinly - which means you'll need several CSV files, including your trade history CSV file(s), express buy history CSV file(s), deposit history CSV file(s) and withdrawal history CSV file(s). Here's how to get each of them.
On Bitaroo
Trade history CSV file
- Log in to Bitaroo.
- In the top right corner, select account.
- From the top navigation menu, select reports.
- Select trade history from the new menu at the top.
- Bitaroo provides individual CSV files for the previous 3 financial years. You can find these in the drop down menu underneath financial year. You'll need your complete trade history from Bitaroo to upload to Koinly - so make sure you download as many trade history CSV files as you need to to cover your complete Bitaroo transaction history. You can do this by selecting the financial year from the drop down menu, then selecting the export icon next to it.
Express buy history CSV file
- Log in to Bitaroo.
- In the top right corner, select account.
- From the top navigation menu, select reports.
- Select express buy history from the new menu at the top.
- Bitaroo provides individual CSV files for the previous 3 financial years. You can find these in the drop down menu underneath financial year. You'll need your complete express buy history from Bitaroo to upload to Koinly - so make sure you download as many express buy history CSV files as you need to to cover your complete Bitaroo transaction history. You can do this by selecting the financial year from the drop down menu, then selecting the export icon next to it.
Deposit history CSV file
- Log in to Bitaroo.
- In the top right corner, select account.
- From the top navigation menu, select reports.
- Select deposit history from the new menu at the top.
- Bitaroo provides individual CSV files for the previous 3 financial years. You can find these in the drop down menu underneath financial year. You'll need your complete deposit history from Bitaroo to upload to Koinly - so make sure you download as many deposit history CSV files as you need to to cover your complete Bitaroo transaction history. You can do this by selecting the financial year from the drop down menu, then selecting the export icon next to it.
Withdrawal history CSV file
- Log in to Bitaroo.
- In the top right corner, select account.
- From the top navigation menu, select reports.
- Select withdrawal history from the new menu at the top.
- Bitaroo provides individual CSV files for the previous 3 financial years. You can find these in the drop down menu underneath financial year. You'll need your complete withdrawal history from Bitaroo to upload to Koinly - so make sure you download as many withdrawal history CSV files as you need to to cover your complete Bitaroo transaction history. You can do this by selecting the financial year from the drop down menu, then selecting the export icon next to it.
Once you have all your Bitaroo CSV files... here's how to upload them to Koinly.
On Koinly
- Sign up or login into Koinly and head to wallets.
- Add a new wallet:Â Bitaroo.
- Select import from file.
- Upload your CSV files.
Important
Remember, you'll need your complete Bitaroo transaction history - however many CSV files that may be! This ensures Koinly can identify the cost basis of your Bitcoin correctly, and calculate your short-term and long-term capital gains correctly.
How do I check if my Bitaroo import is accurate?
Having problems uploading your Bitaroo CSV files? There's plenty of help available:
- Read the guides in our help forum.
- Search our discussion boards for FAQs.
- Ask us on Twitter or Reddit.
- Contact us by email or live chat.Â
It's really helpful to use our Getting Started Guide before reviewing your transactions. This can help you identify and resolve any issues in no time at all.
What are Bitaroo’s fees?
Bitaroo has tiered maker and taker trading fees between -0.05% to 0.19% based on your 30-day trading volume. Depending on your transaction method, the exchange may also have small deposit and withdrawal fees. See a full breakdown of Bitaroo fees.
Is Bitaroo safe?
Bitaroo is a relatively new Bitcoin exchange that has not suffered any notable hacks or security issues and is compliant with Australian regulations. The exchange offers security features for accounts like 2FA. However, you should always follow best security practices by keeping your Bitcoin in a secure, offline wallet whenever you're not actively trading.
Where can I find a Bitaroo review?
Looking for Bitaroo reviews? You should use a variety of sources to get a complete picture of Bitaroo including review sites like Trustpilot, community-driven platforms like Reddit, news sites like CryptoNewsz, and exchange aggregators like CoinMarketCap. Bitaroo has a Trustpilot score of 4.6 and an active subreddit.