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Recap has a comprehensive integration with VALR that makes it easy to manage your crypto tax calculations. Sign up for Recap and link your VALR 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 VALR. 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 VALR?
VALR is a South African based digital asset platform that enables customers to buy, sell, store and transfer cryptocurrencies. They also offer staking and futures trading.
Here's a breakdown of what VALR offers:
- Cryptocurrency Trading: Allows users to trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins.
- Fiat Support: Supports deposits and withdrawals in South African Rand (ZAR), providing an on-ramp for local users.
- Advanced Trading Features: Offers advanced trading tools and features, including real-time charting, order books, and market analysis.
How to automate your VALR crypto taxes with Recap
You can make the process of calculating your taxes stress-free with our crypto tax software. Connect your VALR account to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.
![valr](https://cdn.sanity.io/images/l3xzko5p/production/999e9fd3b66057e718fa48ad0189a81ce2ced171-512x512.png?w=1080&q=75&fit=clip&auto=format)
How are VALR Transactions Taxed?
Tax implications on your VALR transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on VALR:
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.