Recap has a comprehensive integration with Bitfinex that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Bitfinex account to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.
*Disclaimer: The information provided in this content does not endorse Bitfinex. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional. Additionally, you may utilise our accountant and professional advisor sharing features.
What is Bitfinex?
Bitfinex is a cryptocurrency exchange founded in 2012 that offers services for retail, professional and institutional customers.
Here's a breakdown of what Bitfinex offers:
- Buying and Selling Crypto: Purchase and sell popular cryptocurrencies like Bitcoin and Ethereum directly on the platform.
- P2P Trading: Trade cryptocurrencies directly with other individuals
- Staking: Earn rewards by staking your crypto assets directly on the Bitfinex platform
- API Access: Allows the integration of trading bots and automated trading systems
How to automate your Bitfinex crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Bitfinex account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
Auto Sync with Bitfinex How are Bitfinex Transactions Taxed?
Tax implications on your Bitfinex transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Bitfinex:
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Deposits | |||
| Withdrawals | |||
| Buying crypto with fiat | |||
| Crypto to crypto | |||
| Selling crypto for fiat | |||
| Earning staking rewards |
Refer to our tax guides for a more detailed look at crypto tax rules.
