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Recap has a comprehensive integration with Bittrex that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Bittrex 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 Bittrex. 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 was Bittrex?
Founded in 2014 in the United States, Bittrex was a cryptocurrency exchanged that allowed trading between various cryptocurrency pairs. Trading was disabled on 4th December 2023.
Here's a breakdown of what Bittrex offered:
- Cryptocurrency Trading: Enabled users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins.
- Fiat Support: Allowed deposits and withdrawals in multiple fiat currencies, enabling users to convert between crypto and traditional money.
- Advanced Trading Features: Provided tools such as real-time market data, advanced charting, and multiple order types to support various trading strategies.
How to automate your Bittrex crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Bittrex account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
![bittrex](https://cdn.sanity.io/images/l3xzko5p/production/1cc9b2431bc673a204af6c7531ed85155d365023-200x200.jpg?w=640&q=75&fit=clip&auto=format)
How are Bittrex Transactions Taxed?
Tax implications on your Bittrex transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Bittrex:
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.