Cryptocurrency has transformed the financial landscape, and for investors and businesses in Melbourne, navigating the tax and accounting complexities of digital assets is more important than ever. Whether you're a long-term investor, an active trader, or running a Web3 startup, working with a specialist crypto accountant in Melbourne ensures compliance, maximises returns, and minimises tax liabilities.
At the forefront of this evolving space, expert crypto accounting services are no longer a luxury — they're a necessity. From Bitcoin and Ethereum holdings to NFTs, DeFi protocols, and GameFi ventures, every transaction carries tax implications that demand precision and up-to-date knowledge.
👉 Discover how professional crypto accounting can boost your investment strategy today.
How Does Crypto Accounting Work?
Crypto accounting goes beyond traditional bookkeeping. It involves tracking every digital asset transaction — buys, sells, swaps, staking rewards, airdrops, and more — across multiple platforms and wallets. The goal? To generate accurate tax reports that meet Australian Taxation Office (ATO) requirements while identifying opportunities to legally reduce your tax burden.
Specialist crypto accountants use advanced tools to consolidate data from centralised exchanges, non-custodial wallets, and decentralised finance (DeFi) platforms. This comprehensive approach ensures no transaction is missed and every tax rule is applied correctly.
Supported Platforms
Centralised Exchanges We Support
Our services integrate seamlessly with all major centralised exchanges, including Binance, Coinbase, Kraken, KuCoin, and Bybit. Regardless of where you trade, we can import and reconcile your transaction history for precise reporting.
Non-Custodial Wallets We Support
We also support leading non-custodial wallets such as MetaMask, Trust Wallet, Ledger, and Trezor. These self-hosted wallets require careful tracking since they don’t issue standard tax statements — making expert analysis essential.
Tools We Use
To deliver accurate and efficient results, we leverage industry-leading crypto tax software that automates transaction categorisation, cost basis calculations, capital gains/losses reporting, and ATO-compliant output formats.
Key Services for Melbourne Investors & Businesses
Whether you're managing personal investments or operating a crypto-based business, our tailored solutions address your unique needs.
Crypto Investing
For long-term “buy-and-hold” investors, proper recordkeeping and strategic timing of disposals can significantly reduce capital gains tax. We help you protect your portfolio with forward-looking tax planning and compliance support.
Self-Managed Super Funds (SMSF)
Using a self-managed super fund to invest in cryptocurrencies and Web3 assets offers diversification benefits — but comes with strict regulatory requirements. We ensure your SMSF remains compliant while optimising tax efficiency and asset growth.
Crypto Trading Businesses
If trading crypto is your primary income source, you’re running a business — not just investing. This changes how taxes are calculated and reported. We help structure your operations for maximum deductions, correct GST treatment, and sustainable profitability.
Web 3.0 Businesses
From blockchain startups to decentralised applications (dApps), Web3 businesses face unique financial challenges. We provide strategic accounting guidance on tokenomics, revenue recognition, expense management, and investor reporting.
NFT Creators
Creating digital art or collectibles through NFTs opens exciting revenue streams — but also complex tax scenarios. Minting, selling, royalties, and secondary market activity all have implications. We help creators stay compliant while protecting their earnings.
GameFi
Play-to-earn models in blockchain gaming generate real-world income. Whether you're earning tokens, NFTs, or rewards, these are taxable events. Our specialists understand GameFi mechanics and ensure accurate income reporting.
DeFi & DAOs
Decentralised Finance (DeFi) protocols and Decentralised Autonomous Organisations (DAOs) introduce novel financial structures. Yield farming, liquidity provision, governance tokens — all require careful tax treatment. We help structure participation to balance compliance with return optimisation.
👉 Learn how smart accounting strategies can enhance your DeFi returns.
Why You Need a Specialist Crypto Accountant
The rise of digital assets has outpaced traditional accounting frameworks. Generalist accountants often lack the technical understanding required to handle crypto transactions accurately. Here’s why choosing a specialist matters:
- Up-to-date with ATO regulations: Cryptocurrency tax rules evolve constantly. We monitor changes in guidance and enforcement priorities to keep you compliant.
- Maximise tax savings: Identify eligible deductions, apply correct cost base methods (e.g., FIFO), and leverage loss harvesting strategies.
- Ensure accurate reporting: Avoid underpayment penalties or audits by ensuring every transaction is correctly categorised.
- Secure your investments: Proper documentation protects your assets during reviews or disputes with tax authorities.
Why Choose a Local Melbourne Crypto Accounting Team?
At Infinity22, we’re not just advisors — we’re fellow investors. Based in Melbourne, our team actively participates in the crypto ecosystem. We hold Bitcoin, Ethereum, Cardano, and NFTs like Bored Ape Yacht Club. Because we live this world daily, we understand the mindset of investors and builders.
This shared experience allows us to offer practical advice grounded in real-world use cases — not just textbook theory. We know what drives value, when to hold, when to sell, and how to structure portfolios for optimal tax outcomes.
Frequently Asked Questions
Q: Do I need to pay tax on every crypto transaction?
A: Yes — any time you dispose of cryptocurrency (sell, trade, spend or gift), it may trigger a capital gains tax (CGT) event. Even swapping one coin for another counts as a disposal under ATO rules.
Q: What records should I keep for crypto taxes?
A: You must retain records of all transactions including date, amount (in AUD), purpose, wallet addresses, and counterparty details. Good recordkeeping is essential for audit-proof compliance.
Q: Can I claim crypto losses on my tax return?
A: Absolutely. Capital losses from crypto can offset capital gains elsewhere in your portfolio. Unused losses can be carried forward to future years.
Q: How far back should I report my crypto activity?
A: The ATO can review up to five years of past returns. If you haven’t reported crypto previously, it’s wise to amend prior returns or disclose omissions through voluntary disclosure programs.
Q: Are staking rewards or airdrops taxable?
A: Generally yes — when you receive new tokens via staking or airdrops, they’re considered assessable income at their market value when received.
Q: Can I use crypto in my super fund legally?
A: Yes — but only within strict guidelines set by the ATO. Your SMSF trust deed must allow it, transactions must be at arm’s length, and proper valuation records maintained.
👉 Start building a tax-efficient crypto strategy with expert support now.
Final Thoughts
In Melbourne’s growing Web3 economy, having a trusted crypto accountant isn’t optional — it’s foundational. Whether you're building the next big dApp or simply holding Bitcoin for the long term, expert financial guidance ensures you stay compliant while keeping more of what you earn.
With deep expertise in blockchain technologies, ATO compliance, and investment strategy, our Melbourne-based team empowers crypto users at every level.
Let us handle the numbers — so you can focus on what matters most: growing your digital future.