How to File Your Bit2Me Taxes with Koinly
How to do your Bit2Me taxes with Koinly
Bit2Me is a crypto exchange based in Spain that serves crypto investors globally, although it's particularly prominent in Europe. Launched in 2015, the exchange has quickly grown to allow investors to buy, sell and trade more than 200 cryptocurrencies, as well as offering other products like the Bit2Me card and even a Web3 qualification. Whatever your investments and where you live, Koinly can help with your Bit2Me taxes. Here's how.
Follow these steps to download your Bit2Me data:
- Log in to Bit2Me.
- Select activity.
- Select export.
- Select a year. You'll need your entire trading history from Bit2Me so you may need to do this multiple times and upload all of these files to Koinly.
- Select export.
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Bit2Me in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Bit2Me (one at a time) and click on Import
- Review your transactions on the Transactions page to ensure everything is tagged correctly and no missing data
- Go to the Tax Reports page to view your tax liability!
How do I file my Bit2Me taxes?
You'll need to calculate and report any income or capital gains you made with your tax office. For most people, this happens as part of your annual tax return.
There are a couple of ways you can do this - do it yourself, by identifying your taxable transactions, calculating your net capital gain or loss, and the fair market value of any crypto income.
Or, use a crypto tax calculator like Koinly to easily calculate your taxable income for you, and generate your crypto tax report, ready to file with your tax office.
Koinly works by importing your crypto transaction data to analyze what's taxable, and what's not.
Koinly lets you manage all your crypto transactions - from all the blockchains, wallets, and exchanges you use - from one single platform, making crypto tax simple.
Your frequently asked questions
Does Bit2Me provide tax documents?
No. Bit2Me does not provide tax documents for users. Instead, you'll need to download your Bit2Me transaction history and calculate your tax liability yourself, or use a crypto tax calculator like Koinly to do it for you.
How do I get tax reports and forms from Bit2Me?
The easiest way to get tax reports from Bit2Me is to upload your Bit2Me transaction history CSV file to a crypto tax app like Koinly and let it calculate your tax liability and generate your tax reports.
Does Bit2Me provide financial or end of year statements?
No. Bit2Me does not provide financial or end of year statements, but you can download a CSV file of your transaction history.
Is Bit2Me legit?
Bit2Me is a highly regulated crypto exchange based in Spain and registered with the Bank of Spain, as well as insured for €150 million.
Is Bit2Me safe?
Bit2Me follows best security practices for crypto exchanges, including 100% cold storage, and fiat deposits held in external accounts regulated by the Bank of Spain, as well as this the exchange is ISO/IEC 27001 certified. However, you should always follow best security practices and store any crypto you're not actively trading in a secure, offline wallet.
Which countries can I use Bit2Me in?
Bit2Me is headquartered in Spain but serves users around the world. The exchange is particularly popular with European investors. See a full list of supported countries.