Unlabeled Transactions
in Blockpit?
Blockpit cannot automatically classify many DeFi transactions. The missing assignment distorts the tax calculation. TX-Partner identifies and corrects unlabeled transactions.
30 min · Free · No commitment
Robert & Johannes · personally review your data
A DeFi-active portfolio with multiple chains. Blockpit imports the transactions but cannot automatically assign many:
The 3 Most Common Causes of Unlabeled Transactions
Blockpit reliably recognizes standard transactions like purchases and sales on exchanges. As soon as DeFi, bridges, or unknown tokens come into play, automatic recognition reaches its limits.
DeFi Smart Contracts
Complex interactions like lending, yield farming, or liquidity pools are not fully interpreted by Blockpit. The smart contract call is imported but not classified.
Bridge & Cross-Chain Transfers
Token transfers between chains (e.g., Ethereum to Polygon, Solana to BSC) create multiple transactions. Blockpit does not automatically recognize the connection.
Unknown Tokens & Airdrops
New tokens, scam airdrops, or project-specific rewards are not recognized in Blockpit's database and remain unlabeled. Nevertheless, they can be tax-relevant.
Unlabeled Doesn't Mean Irrelevant
Crypto tax tools calculate based on classified transactions. If transactions remain unlabeled, they are either missing from the tax calculation or incorrectly assigned. Both distort the result.
Crypto Accounting
Transaction history in crypto tax tool
Tax Calculation
Crypto tax tools & tax advisors
Compliance
DAC8, tax authority, tax advisor
If transactions remain unlabeled, Blockpit treats outgoing as sales and sets the cost basis for incoming at 0 € – both significantly distort the tax calculation.
Every Transaction Correctly Classified
TX-Partner analyzes unlabeled transactions in the context of the entire crypto accounting. The crypto accounting is prepared so that every transaction is correctly classified – from DeFi interactions to bridge transfers to unknown tokens.
Correct classification is the foundation for correct tax calculation.
Identify Transaction Types
Every unlabeled transaction is analyzed and correctly classified.
Assign DeFi Protocols
Lending, farming, staking – correctly labeled in the tool.
Link Bridge Transfers
Establish and correctly represent cross-chain connections.
Blockpit-Compatible Labels
Ensure correct assignment in the tool so the tax calculation is accurate.
Unlabeled Transactions definitively fix.
30 minutes that make the difference.
Book Data Check 30 min · Free · No commitment500+ documented cases · 15+ years crypto experience
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