Recap has a comprehensive integration with Coinbase Pro that makes it easy to manage your crypto tax calculations. Sign up for Recap and add your Coinbase Pro 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 Pro. 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 Pro?
Coinbase Pro is US-based crypto exchange that allows users to trade Bitcoin, Ethereum and other crypto assets for USD, EUR, and GBP.
Here's a breakdown of what Coinbase Pro offers:
Advanced Trading Tools: Provides a comprehensive suite of tools, including real-time order books, charting capabilities, and trade history.
Lower Fees: Features a tiered fee structure with lower fees for higher trading volumes.
Secure Storage: Offers secure storage for crypto holdings, incorporating two-factor authentication and cold storage.
Like Coinbase, Coinbase Pro is committed to compliance and aims to provide a secure and reliable platform for cryptocurrency trading.
How to simplify your Coinbase Pro crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Upload your Coinbase Pro data to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
Sync Coinbase Pro CSV How are Coinbase Pro Transactions Taxed?
Tax implications on your Coinbase Pro transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Coinbase Pro:
| 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.
