Recap has a comprehensive integration with Coinbase that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Coinbase 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 Coinbase. 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 Coinbase?
Coinbase is a regulated online platform used by users in over 100 countries to easily and securely invest, spend, save, earn and use cryptocurrency like Bitcoin and Ethereum.
Here's a breakdown of what Coinbase offers:
- Buying and Selling Crypto: Purchase and sell popular cryptocurrencies like Bitcoin and Ethereum directly on the platform.
- Secure Storage: Store your crypto holdings safely within Coinbase wallet.
- User-Friendly Interface: Navigate the platform easily, regardless of your experience level.
- NFT Marketplace: Coinbase NFT is a web3 NFT platform where you can discover and buy NFTs from multiple marketplaces.
Coinbase's ease of use makes it a good option for users of all skill levels whether they are engaging in simple or advanced trading. Coinbase is also committed to compliance, with a mission to be the most trusted crypto platform.
How to automate your Coinbase crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Coinbase account to Recap or import your transaction CSV, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
Auto Sync with Coinbase How are Coinbase Transactions Taxed?
Tax implications on your Coinbase transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Coinbase:
| Transaction type | CGT | Income | Tracked in Recap |
|---|---|---|---|
| Deposits | |||
| Withdrawals | |||
| Buying crypto with fiat | |||
| Crypto to crypto | |||
| Selling crypto for fiat | |||
| Earning staking rewards | |||
| Interest | |||
| Inflation rewards | |||
| Earn payouts | |||
| Coinbase Card spends | |||
| Coinbase One subscription rebates |
Refer to our tax guides for a more detailed look at crypto tax rules.
