Auto Sync with Crypto.com App Recap has a comprehensive integration with Crypto.com that makes it easy to manage your crypto tax calculations. Upload your Crypto.com App transactions to Recap to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.
*Disclaimer: The information provided in this content does not endorse Crypto.com. 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 the Crypto.com App?
The Crypto.com App is the company's flagship consumer mobile app — a one-stop platform for buying, selling, swapping and staking 250+ cryptocurrencies, plus the Crypto.com Visa card. Founded in 2016 and headquartered in Singapore, it is designed for everyday investors who want a simple way to manage crypto from their phone.
How to simplify your Crypto.com App crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Upload your Crypto.com App data to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability based on HMRC, IRS, or SARS tax rules.
How are Crypto.com App Transactions Taxed?
Tax implications on your Crypto.com App transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types in the Crypto.com App:
- Deposits: Not a taxable event. Tracked for portfolio management.
- Withdrawals: Not a taxable event. Tracked for portfolio management.
- Buying Crypto with fiat: Not a taxable event. Tracked for future capital gains calculation.
- Crypto to crypto: Taxed based on jurisdiction-specific capital gains rules.
- Selling Crypto: Taxed based on jurisdiction-specific capital gains rules.
- Earning crypto from staking: Usually an income tax event.
Refer to our tax guides for a more detailed look at crypto tax rules.
How to File Crypto.com App Taxes: A Step-by-Step Guide
Recap makes filing your crypto taxes super simple!
- Import your Crypto.com App CSV into Recap
- Review your transactions, ensuring all transactions are recorded and accurate
- Download your automatically generated capital gains and income tax reports ready to file, or send an invite to your accountant, who is completing your tax return on your behalf.