Recap has a comprehensive integration with coinpass that makes it easy to manage your crypto tax calculations. Connect your coinpass account to Recap to import your full history and automate your taxes. From 2026, tax authorities are widening the automatic reporting of crypto under frameworks such as the OECD's Cryptoasset Reporting Framework (CARF), so keeping an accurate record matters more than ever.
Disclaimer
The information provided in this content does not endorse coinpass. Furthermore, it does not constitute tax advice. If anything financial or tax-related is unclear, speak to a qualified tax professional. You can also share your Recap account with your accountant or tax adviser directly.
Why coinpass tax can be difficult to calculate manually
coinpass is built for active traders and businesses, and that is exactly what makes its tax position hard to pin down by hand. The job is rarely a couple of trades: it is often high volume, large one-off deals, and a mix of pairs. A few things tend to trip people up:
- Large OTC and block trades. A single over-the-counter deal can be a very big disposal, so one trade can move your whole tax position in a way that is easy to under-record or misdate.
- High-frequency trading activity. Professional and frequent traders build up hundreds of buys and sells, and every disposal is measured against a cost-basis pool built from the entire history.
- More than one kind of pair. Fiat, crypto and stablecoin pairs all behave differently for tax, and a crypto-for-crypto or crypto-for-stablecoin trade is a disposal even though no ordinary money changes hands.
- A long, detailed history. The further back and the more active the account, the harder an accurate cost basis is to reconstruct from exports and statements by hand.
How to import your coinpass data into Recap
Connect your coinpass account to Recap by API and we import your full history automatically, including trades, over-the-counter deals, deposits and withdrawals, however far back your account goes. Recap classifies and values every entry with our fair-market valuation engine and applies the tax rules for your jurisdiction, so even a high-volume or OTC-heavy account resolves into a clear set of gains and losses.
Auto Sync with coinpass How are coinpass transactions taxed?
Tax treatment depends on the transaction type and where you are tax resident. Here is how the main coinpass activities are generally treated:
| Transaction type | CGT disposal | CGT acquisition | Income |
|---|---|---|---|
| Deposits | CGT disposal: no. Recap records coinpass deposits with a zero fee, so no fee disposal arises either. | CGT acquisition: no | Income: no |
| Withdrawals | CGT disposal: no. Recap records coinpass withdrawals with a zero fee, so no fee disposal arises either. | CGT acquisition: no | Income: no |
| Buying crypto with fiat | CGT disposal: no. The fiat leg is not a chargeable asset in Recap, so the fiat side of the trade is dropped from the CGT calculation. | CGT acquisition: yes. The crypto bought enters your section 104 pool at the trade value, and because the disposed side is fiat the trading fee is added to the acquisition cost rather than being treated separately. | Income: no |
| Crypto to crypto | CGT disposal: yes. Recap's default: the trade is valued from the quote side (‘Trade valuation method’ = Quote for portfolios created after 2022-05-25). Configurable: value from the disposed side instead. | CGT acquisition: yes. coinpass reports the trading fee in the quote asset, so on a crypto/crypto pair it is also emitted as a separate fee disposal. Recap's default: fees are not netted off the acquired amount; ‘Deduct fees from trades’ can be enabled to do so. | Income: no |
| Selling crypto for fiat | CGT disposal: yes. The crypto sold is disposed of at the trade value; because coinpass charges the fee in the fiat quote asset, the fee is attached to the disposal as an allowable cost. | CGT acquisition: no. Fiat received is not a chargeable asset, so no pool acquisition is recorded. | Income: no |
| Transferring between your own accounts | CGT disposal: no. Recap matches a coinpass withdrawal to the deposit on your other account and records a single Transfer; the principal is neither disposed of nor acquired, and coinpass reports zero fees so no fee disposal arises. | CGT acquisition: no. If the deposited amount differs from the withdrawn amount, Recap records the difference as a TransferExcess acquisition, or a zero-valued disposal if the difference is negative. | Income: no |
This table shows how Recap classifies each transaction type by default. Some treatments — such as the acquisition cost used for airdrops — are configurable in Recap. This is general information, not tax advice; consult a qualified tax professional about your circumstances.
This table shows Recap's default classification for common coinpass transactions. It is not an exhaustive schedule or a ruling. Treatment depends on your circumstances and jurisdiction, and you can recategorise any transaction where yours differ. Confirm your position with a qualified tax adviser.
Selling crypto for fiat and swapping one crypto asset for another, including trades into stablecoins, are disposals for capital gains purposes, each measured against your cost-basis pool. Buying crypto with fiat is not itself a disposal but sets the cost your later disposals are measured against, and transfers between your own accounts are not disposals.
Refer to our tax guides for a more detailed look at crypto tax rules.
What's in your coinpass tax report
Recap turns your full coinpass history into a single tax report: capital gains and losses worked out under the rules for your jurisdiction, large OTC deals and high-volume trading reconciled correctly, stablecoin and crypto-to-crypto trades treated as the disposals they are, and a clear year-by-year summary you can file yourself or hand straight to your accountant.
Common coinpass tax challenges and how Recap solves them
coinpass accounts produce a few recurring tax problems, especially active and business ones. Here is how Recap handles each one:
- Large OTC deals. A single block trade can be a substantial disposal. Recap captures it at the right value and date so the gain or loss is calculated correctly.
- High-frequency trading activity. Hundreds of trades are slow to reconstruct by hand. Recap imports the whole history and calculates the gain or loss on every disposal automatically.
- Stablecoin and crypto-to-crypto trades. These feel like moving funds but are disposals. Recap treats each one correctly rather than mistaking it for a simple transfer.
- A long, detailed history. Older, active accounts can span thousands of entries. Recap combines them into a single cost-basis position so nothing is missed.
Why coinpass users choose Recap
coinpass users often choose Recap because an active or business account can carry high volume and large OTC deals across several kinds of pair, which is painful to reconcile by hand. Rather than rebuilding all of that manually, you can connect by API and see your gains and losses reconciled in one report, ready to file or share with your accountant.
Whether coinpass shares account data with HMRC is a separate question, and we answer it in does coinpass report to HMRC.
