BlockFi is one of the most trusted crypto wallets and exchanges ideal for crypto investors after exchanges with unique products and features like crypto-backed loans and rewards credit cards. It supports only eight of the well-renowned crypto coins, also excluding fiat currencies.
BlockFi is a robust exchange and wallet for devoted crypto traders. But when it comes to tax reporting, it doesn’t offer much to allow you to file your taxes. Luckily, Accointing’s BlockFi tax calculator and portfolio tracker for transaction history analysis and tax reporting. You can generate your tax reports in the specific format required by your country.
To begin, you’ll have to integrate your BlockFi account with Accointing then import your trade and transaction history. Here are the different ways to do that:
BlockFi currently does not provide an API for its platform. As such, users have to use the approach of importing a CSV file into Accointing. Thankfully, there are no prior modifications required to the file before upload. If your transactions are very few, then you may use the Accointing template to fill out and upload.
You can link your BlockFi account with Accointing by importing a CSV file containing your history of trades, withdrawals, and deposits. Here is a simple guide to go about it.
BlockFi currently doesn’t provide an API option so users have to rely on the CSV import option. One of the challenges of importing CSV from BlockFi is that some transactions may appear skipped. These include ACH withdrawals, cc trading rebates, and crypto transfers.
Please note that this is a bug on BlockFi’s side and their support team is constantly working to rectify these issues. If you encounter these problems, you can request BlockFi customer support to send you an updated CSV file of your account’s transactions.