Recap has a comprehensive integration with Bitstamp that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Bitstamp 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 Bitstamp. 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 Bitstamp?
Bitstamp is a Luxembourg-based cryptocurrency exchange founded in 2011 that allows trading between fiat currency and cryptocurrencies such as Bitcoin, Ethereum and Litecoin.
Here's a breakdown of what Bitstamp offers:
- Cryptocurrency Trading: Facilitates the trading of a wide range of cryptocurrencies, including Bitcoin, Ethereum, and other popular digital assets.
- Fiat Support: Supports deposits and withdrawals in multiple fiat currencies, such as USD, EUR, and GBP, allowing conversion between crypto and traditional money.
- Advanced Trading Features: Offers advanced trading tools, including real-time charting, order books, and various order types.
How to automate your Bitstamp crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Bitstamp 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 Bitstamp How are Bitstamp Transactions Taxed?
Tax implications on your Bitstamp transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Bitstamp:
| 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.
