--- title: "Gemini" description: "The easiest way to calculate your Gemini crypto taxes with Recap. Connect your account in seconds for a secure, read-only sync." --- # Automated Gemini Crypto Tax Calculator The easiest way to calculate your Gemini crypto taxes with Recap. Connect your account in seconds for a secure, read-only sync. Recap has a comprehensive integration with [Gemini](https://www.gemini.com/) that makes it easy to manage your **crypto tax calculations**. Connect your Gemini account to Recap to import your full history and **automate your taxes**. From 2026, tax authorities are widening the automatic reporting of crypto under frameworks such as the OECD's Cryptoasset Reporting Framework (CARF), so keeping an accurate record matters more than ever. > **Disclaimer** > > The information provided in this content does not endorse Gemini. 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. ## Why Gemini tax can be difficult to calculate manually Gemini covers simple buying, active trading through ActiveTrader, and staking, and that spread of activity is what makes its tax position harder to pin down than it looks. A few things tend to trip people up: ### What trips people up - **Staking rewards land as income.** Rewards from staking are generally treated as income at the value you receive them, and they enter your cost-basis pool at that same value so only later growth is a gain. They arrive as a steady drip that is easy to leave in the account and overlook. - **Crypto-to-crypto trades are disposals.** Swapping one asset for another is a disposal even though no ordinary money changes hands, and it is easy to treat as a simple switch. - **Two ways to trade.** Simple buys and sells sit alongside ActiveTrader order-book trades, so an account can build up far more disposals than a casual glance suggests. - **A long, multi-asset history.** Buys, sells, trades and rewards can stretch back years across many assets, and every disposal is measured against a cost-basis pool built from the whole record. ## How to import your Gemini data into Recap Connect your Gemini account to Recap by API and we import your full history automatically, including simple buys and sells, ActiveTrader trades, staking rewards, Earn interest, cashback rewards, deposits and withdrawals, however far back your account goes. Recap classifies and values every entry with our fair-market valuation engine and applies the tax rules for your jurisdiction, separating what is income from what is a capital gain. [Connect Gemini](https://recap.io/integrations/[object%20Object]) ## How are Gemini transactions taxed? Tax treatment depends on the transaction type and where you are tax resident. Here is how the main Gemini activities are generally treated: This table shows Recap's default classification for common Gemini 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. Selling crypto for fiat and swapping one crypto asset for another are disposals for capital gains purposes, each measured against your cost-basis pool. Staking rewards are generally treated as income at the value you receive them, with any later disposal of those coins also potentially creating a capital gain. Transfers between your own accounts are not disposals. Refer to our [tax guides](https://recap.io/guides/crypto-tax-uk-a-comprehensive-guide) for a more detailed look at crypto tax rules. ## What's in your Gemini tax report Recap turns your full Gemini history into a single tax report: capital gains, losses and income worked out under the rules for your jurisdiction, simple and ActiveTrader trades pooled correctly, staking rewards valued on the day they arrived, and a clear year-by-year summary you can file yourself or hand straight to your accountant. ## Common Gemini tax challenges and how Recap solves them Gemini accounts produce a few recurring tax problems. Here is how Recap handles each one: ### The recurring problems - **Staking rewards as income.** Rewards land as many small income events. Recap values each one at the point you receive it, so none are missed. - **Crypto-to-crypto trades.** Coin-for-coin trades are disposals, not simple swaps. Recap calculates the gain or loss on each one automatically. - **Simple and ActiveTrader activity together.** Two trading surfaces mean more disposals than expected. Recap imports both and reconciles them into one position. - **A long, multi-asset history.** Years of activity across many assets are slow to reconstruct. Recap pools every disposal into a single cost-basis position. ## Why Gemini users choose Recap Gemini users often choose Recap because simple buys, ActiveTrader trades and staking rewards each need handling differently for tax, which is painful to reconcile by hand. Rather than piecing it together, you can connect by API and see your gains, losses and income reconciled in one report, ready to file or share with your accountant. Whether Gemini shares account data with HMRC is a separate question, and we answer it in [does Gemini report to HMRC](https://recap.io/blog/does-gemini-report-to-hmrc). ## FAQs ### Is Gemini taxable? In most jurisdictions, yes. Disposals such as selling crypto or swapping one asset for another are typically taxed as capital gains, while staking rewards are typically taxed as income. The exact rules depend on where you are tax resident, and Recap classifies and values your transactions so you can see what applies. ### Can I import Gemini into Recap using an API? Yes. You connect your Gemini account to Recap by API to import your full history automatically, and Recap then classifies and values every transaction, including simple buys and sells, ActiveTrader trades, staking rewards, Earn interest, cashback rewards, deposits and withdrawals. ### How are Gemini staking rewards taxed? They are generally treated as income at their value on the day you receive them, with any later disposal of those coins also potentially creating a capital gain. The precise treatment depends on your jurisdiction, and Recap values each reward for you. ### Does Recap handle ActiveTrader trades? Yes. Recap imports both your simple buys and sells and your ActiveTrader order-book trades, calculating the gain or loss on every disposal so your whole account resolves into one clear tax position. ### Are crypto-to-crypto trades on Gemini taxable? Usually yes. Swapping one asset for another is a disposal of the first for capital gains purposes, even though no ordinary money changes hands. Recap treats each one as a disposal so your gains and losses are captured. --- Canonical HTML: https://recap.io/integrations/gemini Site map: https://recap.io/sitemap.xml ยท AI manifest: https://recap.io/llms.txt Any page listed above is available as Markdown by appending `.md`, or by sending `Accept: text/markdown`.