Unlabeled Transactions
in Blockpit?
Blockpit lists them as unlabeled, the tip filter says “Missing Label (In/Out)”. TX-Partner assigns them correctly.
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Robert & Johannes · personally review your data
The 3 Most Common Causes of Unlabeled Transactions
Blockpit recognises standard trades reliably; with DeFi, bridges and unknown tokens the automatic recognition reaches its limit.
DeFi smart contracts
Lending, yield farming and liquidity pools are not read out in full by Blockpit. The contract call gets imported but not classified.
Bridges and cross-chain transfers
A transfer is only recognised when outflow and inflow are both in the data. With bridges one side is often missing or carries a different token name.
Unknown tokens and airdrops
New tokens, airdrops and project-specific rewards are not in Blockpit’s database and stay unlabeled. They still count in the calculation.
Where a missing label hits the tax report
Crypto tax tools calculate with what is classified. If an entry stays unlabeled, Blockpit treats the outflow as a sale and gives the inflow a cost basis of zero.
Cost basis of zero
Without a matching purchase, Blockpit sets the cost basis to zero. The full proceeds become a gain, even when none was made.
The acquisition date goes with it
The acquisition date disappears along with the cost basis. The 12-month holding period can then no longer be evidenced.
Usually a symptom, not a labelling issue
In more than half of the cases a data gap sits behind the hint: a counter-entry never imported, a missing history, a partly synced wallet.
The expensive shortcut
Linking transfers by gut feeling or dumping everything unclear into one category: the hint is gone, the cost basis stays wrong and travels into every following year.
Cause first, label second.
Transaction verified
TX-Partner looks at the entry in the block explorer and reconstructs what actually happened, before any label is set.
Counterpart added
If the counter-entry is missing, the source gets added instead of a substitute booked. Only then is a transfer recognisable as one.
Recalculated
Blockpit updates nothing by itself. After every change TX-Partner triggers the recalculation before the report is produced.
Fix unlabeled transactionsfix.for good.
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To the overview