How do I connect my Blockchain.com Wallet account to CoinTracker?
Log in to your Blockchain.com Wallet using your web browser.
In the left navigation panel, select the currency you’re interested in (e.g. Bitcoin).
If you have transaction history for that currency, there will be a Download button on the right next to the search bar.
Click Download and select the wallet(s) for which you want to export transaction history from the drop-down menu.
Specify start and end dates for your export, then click Generate Report.
Once the button turns green, click Download Report.
Upload the file to CoinTracker.
What is Blockchain.com Wallet?
Blockchain.com Wallet is one of the oldest and most widely used cryptocurrency wallets. It offers both non-custodial and custodial options, allowing users to securely store, send, receive, and trade crypto. The wallet supports major assets like Bitcoin (BTC), Ethereum (ETH), and over 100 other cryptocurrencies. Users can also access trading features, staking, and a user-friendly web and mobile interface through Blockchain.com's ecosystem.
Do I pay taxes on my Blockchain.com Wallet transactions?
Yes. You must report taxable events such as selling, swapping, or spending crypto. Earnings from staking, interest accounts, or rewards are also taxable as income. Whether your crypto is in the custodial exchange account or your non-custodial wallet, all taxable transactions must be reported.
Does Blockchain.com Wallet report to the IRS?
Blockchain.com may report certain custodial activity to the IRS, especially from its exchange and interest-bearing accounts. However, the non-custodial Blockchain.com Wallet (where you control your private keys) does not report transactions or issue tax forms. You are responsible for tracking and reporting your on-chain activity for tax purposes.
Can the IRS see my Blockchain.com Wallet transactions?
Yes, potentially. Even if Blockchain.com's non-custodial wallet doesn't report to tax authorities, all blockchain transactions are public and can be analyzed. Transfers between identifiable exchanges and wallets can be traced through blockchain analytics tools.
Does Blockchain.com Wallet have tax documents?
It depends on which part of the Blockchain.com ecosystem you use:
Custodial accounts (Exchange/Interest Accounts): may issue tax forms such as Form 1099.
Non-custodial wallets: do not provide tax forms.
For a complete picture, you can connect both your Blockchain.com Wallet and Blockchain.com Exchange accounts to CoinTracker to generate comprehensive tax reports.
How do I get tax forms from Blockchain.com Wallet?
To generate tax forms, connect your Blockchain.com Wallet to CoinTracker. CoinTracker will automatically pull your transaction history via your public wallet addresses or xpubs, calculate capital gains, income, and transfers, and generate IRS-ready forms like Form 8949 and Schedule D.
How are NFTs on Blockchain.com Wallet taxed?
NFTs stored or traded using the Blockchain.com Wallet are considered taxable property. Selling, swapping, or using an NFT triggers a taxable event. Minting NFTs or receiving them as rewards may also be treated as income. Keep detailed records of acquisition cost and sale price for accurate reporting.