How to calculate your Crypto.com Exchange taxes

  • Exchange CSV
  • Recap CSV
1 min read
Last updated:
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Sam Adams
Samantha Adams
Head of Content

Recap has a comprehensive integration with Crypto.com that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your Crypto.com 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 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 Crypto.com?

Crypto.com is a Singapore based cryptocurrency exchange founded in 2016 that enables users to buy, sell and stake crypto assets.

Here's a breakdown of what Crypto.com Exchange offers:

  • Cryptocurrency Trading: Facilitates the trading of a wide range of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, with various trading pairs.
  • Spot and Margin Trading: Provides options for both spot trading and margin trading, allowing users to leverage their positions for potentially higher returns.
  • Derivatives Trading: Offers trading of cryptocurrency derivatives, including futures contracts, to allow users to speculate on the future price movements of digital assets.
  • Staking and Earning: Enables users to stake their cryptocurrencies to earn rewards or interest

How to automate your Crypto.com crypto taxes with Recap

You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your Crypto.com account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.

crypto-com-exchangeSync Crypto.com Exchange CSV

How are Crypto.com Transactions Taxed?

Tax implications on your Crypto.com transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on Crypto.com:

Transaction typeCGTIncomeTracked 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.

Help Guides

Adding your Crypto.com Account
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Automate your Crypto.com Exchange tax reporting - takes 5 mins.

  • 1

    Sign up to Recap

  • 2

    Set up auto sync with our step by step guide

  • 3

    Generate your tax report ready to self-file or share with your accountant

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FAQs

Do I need to pay tax on my Crypto.com transactions?

Yes, you may need to pay tax on your Crypto.com 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 Crypto.com transactions?

Tax authorities may become aware of your Crypto.com 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.

Does crypto.com report to HMRC?

Yes, Crypto.com may report your transactions to HMRC. As a UK taxpayer, your cryptocurrency transactions on Crypto.com and other platforms are subject to capital gains tax and income tax. Regardless of whether they report your data, it’s your legal responsibility to declare all your crypto earnings to HMRC. Staying compliant with tax regulations is crucial to avoid potential penalties - check out our comprehensive UK Crypto Tax Guide to learn more.