Question 1

How To Use KoinX’s Free Crypto Tax Calculator For Australia?

Accepted Answer

Using the KoinX crypto tax calculator for Australia is simple. Enter your buy and sell prices, mark holding periods to apply CGT discounts, and add transactions for NFTs, staking, airdrops, or DeFi. Then enter your annual income to instantly estimate capital gains, losses, and tax liability. The calculator is free to use, while detailed ATO-ready reports require signup.

Question 2

What Is the Best Way To Calculate My Crypto Taxes in Australia?

Accepted Answer

The best way to calculate crypto taxes in Australia is by using an automated, ATO-aligned crypto tax calculator. It consolidates exchange, wallet, and DeFi data and applies Australian tax rules to accurately calculate gains, losses, and taxable income.

Question 3

How Does a Crypto Tax Calculator Work?

Accepted Answer

A crypto tax calculator analyses your transaction history and applies Australian tax rules to compute capital gains, losses, and taxable income. It identifies taxable events, applies FIFO cost basis, calculates CGT discounts where applicable, and separates capital gains from ordinary income.

Question 4

Is There a Free Crypto Tax Calculator Available in Australia?

Accepted Answer

Yes. KoinX offers a free crypto tax calculator for Australian users. It allows you to estimate capital gains, losses, and crypto income without a credit card. For full ATO-compliant reports and tax summaries, you can upgrade to a paid plan.

Question 5

How Are Cryptocurrencies Taxed in Australia?

Accepted Answer

In Australia, cryptocurrency is taxed as either a capital gains tax (CGT) asset or ordinary income, depending on how it is acquired and used. CGT applies when crypto is sold, swapped, spent, or gifted, while income tax applies to crypto earned from mining, staking, airdrops, salary, or DeFi rewards.

Question 6

What’s the Difference Between Long-Term and Short-Term Capital Gains?

Accepted Answer

If crypto is held for more than 12 months, Australian resident individuals may be eligible for a 50% CGT discount. If held for 12 months or less, the entire capital gain is taxed at the individual’s marginal income tax rate.

Question 7

Can the ATO Track Crypto Transactions?

Accepted Answer

Yes. The Australian Taxation Office collects crypto transaction data through data-matching programs with Australian and international exchanges, KYC-verified platforms, and blockchain analytics providers.

Question 8

How Does the KoinX Crypto Tax Calculator Simplify Tax Filing in Australia?

Accepted Answer

KoinX simplifies crypto tax filing by automatically calculating capital gains, losses, and taxable income using Australian tax rules. It supports 25,000+ assets, integrates with 800+ exchanges and wallets, applies FIFO and CGT discounts, and generates ATO-ready summaries.

Question 9

Is Using a Crypto Tax Calculator Safe?

Accepted Answer

Using a crypto tax calculator is generally safe when the platform follows standard security practices. These tools typically use read-only access to analyse transactions and calculate taxes without the ability to move funds.

Question 10

How Is My Data Protected at KoinX?

Accepted Answer

KoinX follows recognised industry standards for data security and privacy, including ISO 27001:2022, SOC 2 Type II, and GDPR frameworks, which govern how user data is stored, processed, and protected.

Free Crypto Tax Calculator

Enter your crypto trading details

Buying & Selling

NFT

Airdrop

Staking

Liquidity Pooling

Leverage Trading

What is your annual income and filing status?

Estimated 2025-26 Tax Summary

Income Details

Tax Overview

Frequently Asked Questions

How To Use KoinX's Free Crypto Tax Calculator For the Australia?