---
title: "FTX US"
description: "The easiest way to calculate your FTX US crypto taxes with Recap. Connect your account in seconds for a secure, read-only sync."
---

# FTX US Crypto Tax Calculator

The easiest way to calculate your FTX US crypto taxes with Recap. Connect your account in seconds for a secure, read-only sync.

Recap has a comprehensive integration with [FTX US](https://ftx.us/) that makes it easy to manage your **crypto tax calculations**. Upload your FTX US 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 FTX US. 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 was FTX US?

FTX US was a US based cryptocurrency exchange founded in 2020 offering spot and leveraged trading products. It fell into bankruptcy in November 2022. 

Here's a breakdown of what FTX US offered:

### Products FTX US offered

- **Cryptocurrency Trading**: Facilitated the trading of various cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, with a user-friendly interface.

- **Derivatives Trading**: Provided options for trading cryptocurrency futures and other derivatives.

- **Staking Services**: Enabled users to stake certain cryptocurrencies to earn rewards.

## How to simplify your FTX US crypto taxes with Recap

You can make the process of calculating your taxes stress-free with our crypto tax software. Add your FTX US 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 FTX US](https://recap.io/integrations/[object%20Object])

## How are FTX US Transactions Taxed?

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

This table shows Recap's default classification for common FTX US transactions. It is not an exhaustive schedule or a ruling. Treatment depends on your circumstances and jurisdiction, and you can recategorise any transaction where yours differ. Confirm your position with a qualified tax adviser.

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 need to pay tax on my FTX US transactions?

Yes, you may need to pay tax on your FTX US 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 FTX US transactions?

Tax authorities may become aware of your FTX US 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.

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