Reference Guide · 4-6 min read · Covers paired incoming/outgoing labels · Affects cost basis tracking
Staking
Outgoing Label
Stake
Incoming Label
Unstake
Stake ↔ Unstake
Stake ↔ Unstake
Use Stake when you lock your crypto to participate in staking. When the staking period ends and your original assets are returned, label that transaction as Unstake.Why is choosing the correct labels important? If either transaction remains labelled as External Withdrawal or External Deposit, KoinX may not recognise that your assets were only temporarily locked. This can affect cost basis tracking and the tax treatment of your staking activity.
Lending
Outgoing Label
Lend
Incoming Label
Lend Settlement
Lend ↔ Lend Settlement
Lend ↔ Lend Settlement
Use Lend when you lend your crypto through a lending platform or protocol. When your assets are returned, label the incoming transaction as Lend Settlement.Why is choosing the correct labels important? Using these labels allows KoinX to recognise that the returned assets are the same crypto you previously lent, rather than newly received assets.
Borrowing
Outgoing Label
Borrow Settlement
Incoming Label
Borrow / Receive Loan
Borrow / Receive Loan ↔ Borrow Settlement
Borrow / Receive Loan ↔ Borrow Settlement
Use Borrow / Receive Loan when borrowed crypto is credited to your wallet. When you repay the loan, label the outgoing transaction as Borrow Settlement.Why is choosing the correct labels important? If either transaction is left as a regular deposit or withdrawal, KoinX may not recognise the borrowing lifecycle correctly. This can lead to borrowed funds or repayments being classified incorrectly.
Bridging
Outgoing Label
Send to Bridge
Incoming Label
Receive from Bridge
Send to Bridge ↔ Receive from Bridge
Send to Bridge ↔ Receive from Bridge
Use Send to Bridge when assets leave one blockchain, and Receive from Bridge when the same assets arrive on the destination blockchain.Why is choosing the correct labels important? If either side remains labelled as a standard deposit or withdrawal, KoinX may not recognise the transfer as a bridge transaction. This could cause the movement of your own assets to be classified incorrectly.
Liquidity Pools
Outgoing Label
Send to Pool
Incoming Label
Receive from Pool
Send to Pool ↔ Receive from Pool
Send to Pool ↔ Receive from Pool
Use Send to Pool when depositing assets into a liquidity pool, and Receive from Pool when those assets are returned.Why is choosing the correct labels important? Using the correct labels helps KoinX understand that the assets were temporarily deposited into a liquidity pool rather than permanently disposed of.
Collateral
Outgoing Label
Collateral Lock
Incoming Label
Collateral Unlock
Collateral Lock ↔ Collateral Unlock
Collateral Lock ↔ Collateral Unlock
Use Collateral Lock when locking crypto as collateral for a loan or leveraged position. When the collateral is released, label the incoming transaction as Collateral Unlock.Why is choosing the correct labels important? If these transactions aren’t labelled correctly, KoinX may treat the collateral as assets leaving and re-entering your portfolio instead of being temporarily locked.
Fixed Deposits & Earn Programs
Outgoing Label
Fixed Deposit Lock
Incoming Label
Fixed Deposit Unlock
Fixed Deposit Lock ↔ Fixed Deposit Unlock
Fixed Deposit Lock ↔ Fixed Deposit Unlock
Use Fixed Deposit Lock when you lock crypto in a fixed deposit or earn product. Once the deposit matures, label the returned principal as Fixed Deposit Unlock.Why is choosing the correct labels important? Using these labels helps KoinX distinguish between the return of your original investment and any interest earned, ensuring each is treated appropriately for tax purposes.
Quick reference
Best practices
Frequently asked questions
Do I need to label both sides of a paired transaction, or is one enough?
Do I need to label both sides of a paired transaction, or is one enough?
Both sides need to be labelled. If only one side is updated and the other remains External Deposit or External Withdrawal, KoinX won’t be able to link the two transactions as a single activity, which can affect cost basis tracking and tax treatment.
What happens if I only ever see one side of a paired activity, like a Stake with no matching Unstake yet?
What happens if I only ever see one side of a paired activity, like a Stake with no matching Unstake yet?
That’s expected if the assets are still locked or staked. Label the transaction you do see - for example, Stake - and label the corresponding Unstake once those assets are returned to your wallet.
Does labelling both sides of a bridge or pool transaction change the tax outcome?
Does labelling both sides of a bridge or pool transaction change the tax outcome?
Generally, yes it prevents an incorrect outcome - correctly labelled bridge and pool transactions are typically treated as non-taxable movements of your own assets rather than disposals, since ownership doesn’t change. Leaving them as generic deposits/withdrawals risks KoinX treating them as taxable events.
I updated one side of a pair after generating my tax report. Do I need to do anything else?
I updated one side of a pair after generating my tax report. Do I need to do anything else?
Regenerate your tax report after updating labels, and make sure the paired transaction is labelled correctly too. A report generated before both sides are labelled won’t reflect the corrected tax treatment.
What’s next?
Incoming Transaction Labels Explained
Labels for deposits, rewards, refunds, loans, and other incoming transactions.
Outgoing Transaction Labels Explained
Labels for staking, lending, bridge transfers, repayments, and fees on the outgoing side.
Ready to review your paired transactions?
Head to your Transactions page in KoinX and make sure both sides of every linked activity are labelled correctly.