--- title: "Coinfloor" description: "The easiest way to calculate your Coinfloor crypto taxes with Recap. Import your account statements in seconds." --- # Coinfloor Crypto Tax Calculator The easiest way to calculate your Coinfloor crypto taxes with Recap. Import your account statements in seconds. CoinCorner acquired Coinfloor's customer base and domains on 4 October 2021, and the Coinfloor brand was retired. Customers had until 4 November 2021 to move or close their accounts, and any account not actively closed was migrated to [CoinCorner](https://recap.io/integrations/coincorner) automatically, so you may hold a CoinCorner account without ever having opened one. Your Coinfloor trading up to that point is still your history and still needs reporting. Upload it to Recap and we turn it into a tax position. > **Disclaimer** > > The information provided in this content does not endorse Coinfloor. 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. ## What happened to Coinfloor? Coinfloor was the UK's longest-running Bitcoin exchange, founded in 2013. CoinCorner took on its customers and domains in October 2021 and the brand was wound up. Activity after the migration belongs to your CoinCorner account, not this one. ### What Coinfloor offered Here's a breakdown of what Coinfloor offered: - **Bitcoin Trading**: Specialised in Bitcoin trading, providing a platform for buying and selling Bitcoin with high liquidity and robust security. - **Fiat Support**: Allowed deposits and withdrawals in British Pounds (GBP) and other fiat currencies, facilitating easy conversion between fiat and Bitcoin. - **OTC Trading**: Offered over-the-counter (OTC) trading services for large-volume transactions, ensuring minimal market impact. - **User-Friendly Interface**: Designed a straightforward and user-friendly interface, making it accessible for both novice and experienced traders. ## How to simplify your Coinfloor crypto taxes with Recap You can make the process of calculating your taxes stress-free with our crypto tax software. Add your Coinfloor account transactions to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability. [Connect Coinfloor](https://recap.io/integrations/[object%20Object]) ## How are Coinfloor Transactions Taxed? Tax implications on your Coinfloor transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Coinfloor: These are Recap's default classifications, not tax advice. Any transaction can be recategorised in the app if your circumstances differ, and you should check with a tax professional if you are unsure. Refer to our [tax guides](https://recap.io/guides/crypto-tax-uk-a-comprehensive-guide) for a more detailed look at crypto tax rules. ## FAQs ### Do I have to pay tax on my Coinfloor transactions? Yes, you may need to pay tax on your Coinfloor transactions. Tax obligations vary depending on your country’s tax laws and the nature of your transactions. Common taxable events include selling cryptocurrency, trading between coins (crypto to crypto), and making purchases with crypto. ### Do the tax authorities know about my Coinfloor transactions? Tax authorities may become aware of your Coinfloor transactions through various means, such as data-sharing agreements between crypto exchanges and tax authorities or during tax audits. It's essential to report your crypto transactions to avoid penalties accurately. Using a crypto tax software like Recap can help ensure your transactions are properly recorded and reported. ### What is the benefit of using a crypto tax calculator? A crypto tax calculator automates the process of calculating taxes on your cryptocurrency transactions, providing accurate tax liability figures and ensuring compliance with tax regulations without manual calculations. --- Canonical HTML: https://recap.io/integrations/coinfloor Site map: https://recap.io/sitemap.xml · AI manifest: https://recap.io/llms.txt Any page listed above is available as Markdown by appending `.md`, or by sending `Accept: text/markdown`.