Crypto, airdrops and staking rewards

Step by step

1. 1Use Trading for purchases and sales. Enter the coin, actual quantity and total price. Small quantities remain exact, for example 0.0000123456789. Purchase fees form part of average cost.
2. 2Use Events, Swap coins for an exchange. Enter the coins surrendered, the coin received and their quantities. Enter the total value of coins received in the accounting currency. That value is compared with the carrying value of coins surrendered.
3. 3Example: you exchange coins with an €80 carrying value for other coins worth €100. Without fees or a cash portion, the exchange result is €20 and the received position starts with €100 cost. Enter any actual cash portion or separate fees separately.
4. 4Choose Airdrop received or Staking reward received for coins received for free. Select the coin actually received and enter its quantity. A staking reward can be in a different coin from the one you stake.
5. 5Airdrops and staking rewards are recorded at cost 0, without an income posting on receipt. When later sold, their quantity forms part of that coin’s average cost. Receiving a coin already held can therefore lower its average cost per coin.
6. 6Use Opening position for existing coins on your opening balance. In Year-end value, enter the market price per coin. Carrying value follows cost or lower market value. Select a bank account only for an actual cash payment.

What is on the screen?

• Coin, symbol and currency for amounts
• Exact coin quantity
• Received coin and total exchange value
• Airdrop or staking reward

What happens next?

Your coins appear in the Broker overview with average cost per coin and total carrying value. There are no separate actions for locking or releasing staked coins.

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