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Recap has a comprehensive integration with Coinpass that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Coinpass 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 Coinpass. 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 Coinpass?
Coinpass is a UK-based cryptocurrency exchange founded in 2018 serving retail investors, professional traders, and businesses.
Here's a breakdown of what Coinpass offers:
- Buying and Selling Crypto: Purchase and sell popular cryptocurrencies like Bitcoin and Ethereum directly on the platform.
- Advanced Trading Tools: Coinpass Pro provides professional traders with advanced charting tools, real-time market data, and multiple order types.
- OTC (Over The Counter) Trading: Businesses can make use of a dedicated OTC trading platform
How to automate your Coinpass crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Coinpass account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
![coinpass](https://cdn.sanity.io/images/l3xzko5p/production/8344602414e261a10a317ece101542c6e5586e5c-400x400.jpg?w=828&q=75&fit=clip&auto=format)
How are Coinpass Transactions Taxed?
Tax implications on your Coinpass transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Coinpass:
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.