How to get your Crypto.com tax forms

Calculate your Crypto.com taxes and generate Crypto.com tax forms easily with Koinly. Just connect via API or upload a CSV file to import your Crypto.com transactions, and Koinly will calculate your gains, losses, income, and more before generating your Crypto.com tax documents. Here's how it works step-by-step.

Please note that you'll need to connect Crypto.com and the Crypto.com app separately with Koinly. See the step-by-step instructions below on how to get your Crypto.com app CSV files.

How are Crypto.com transactions taxed?

Crypto tax varies depending on where you live (so read our crypto tax guides for information on where you live). But generally speaking, your Crypto.com transactions will be subject to either Income Tax or Capital Gains Tax. It all depends on the transactions you've made:

• Income Tax: If your crypto is viewed as a kind of additional income, you'll pay Income Tax upon receipt.

• Capital Gains Tax: When you dispose of crypto by selling, swapping, spending, or sometimes gifting it (depending on where you live), you realize a capital gain or loss. If you have a capital gain, you'll generally pay Capital Gains Tax on that gain.

How is selling and trading crypto on Crypto.com taxed?

If you've sold or swapped crypto on Crypto.com, this is a disposal, and you'll need to calculate a capital gain or loss. This doesn't just apply to coins either - it's all kinds of crypto assets, including NFTs, stablecoins, and tokens. From a tax perspective, they're all the same!

How are Crypto.com Earn rewards taxed?

Crypto.com Earn rewards and other staking rewards are generally viewed as a kind of additional income by most tax offices. As such, if you've received Earn rewards on Crypto.com, you'll need to identify the fair market value of your rewards in your fiat currency and may have to pay Income Tax on that amount.

How are Crypto.com Visa Card transactions taxed?

Although you can spend crypto like cash with a Crypto.com credit card -the tax implications are very different. When you spend crypto using your Crypto.com Visa Card, you're actually converting your crypto for cash. This is a disposal as you're selling crypto for fiat currency and as such, you'll realize a capital gain or loss. If you have a gain, you'll pay Capital Gains Tax on that amount.

How are Crypto.com NFTs taxed?

From a tax perspective, NFTs are treated largely the same as other crypto assets. You'll generally pay Capital Gains Tax on any gain if you dispose of an NFT by selling or swapping it. This said, if you're creating NFTs and selling them - like an artist - then your profits may instead be viewed as a kind of income and subject to Income Tax instead depending on where you live.

How is Crypto.com margin trading taxed?

Most tax offices haven't released guidance on crypto margin trading specifically, and the tax treatment can vary, so you should check the rules where you live. However, generally speaking, you'll only pay tax on a margin trade at the point you close a position and realize a gain. As for liquidations, as your capital is sold, this is likely to be viewed as a disposal from a tax perspective.

Does Crypto.com automatically deduct taxes?

No, Crypto.com doesn’t automatically withhold taxes for its users. It’s your responsibility to track taxable events and ensure that any taxes owed on gains or income from your Crypto.com activities are paid to your tax authority.

What is the Crypto.com Tax portal?

Crypto.com’s Tax Center provided a free resource for users to manage and report taxes related to their cryptocurrency activities. It enabled them to upload their transaction records from Crypto.com, organize those activities, and produce CSV files outlining capital gains and income summaries for tax purposes. However, this service was deprecated in 2024 in favour of partnerships with crypto tax calculators like Koinly. 

Why aren't my Crypto.com tax forms accurate?

If all your transactions, including purchases, were conducted on Crypto.com, then any tax forms generated by Crypto.com, such as 1099-MISC forms, may be accurate. However, for many users, this isn’t the case, and the key issue often comes down to cost basis.

Cost basis refers to the amount you paid to acquire your crypto, including any allowable fees. It’s used to calculate gains or losses when you dispose of crypto, whether through selling, swapping, or spending. If you didn’t originally acquire your crypto on Crypto.com and instead transferred it from another exchange or wallet, Crypto.com may not have an accurate record of your cost basis. This can lead to discrepancies in your capital gains or losses calculations.

This issue isn’t unique to Crypto.com. Currently, crypto platforms don’t share cost basis data between each other, which complicates accurate tax calculations. That’s why the Crypto.com platform, and other platforms like it, choose to partner up with specialized crypto tax software, such as Koinly, which supports over 900 exchanges, wallets, and blockchains, making it easier for users to import and consolidate their tax data.

Does Crypto.com report to tax offices?

In short, yes. Most tax authorities around the world, including the IRS, are taking a firm stance against crypto tax evasion. They’re working closely with major exchanges in their jurisdictions to collect KYC data and ensure taxpayers are fulfilling their obligations. You can find out more in our resources:

• Does Crypto.com report to the IRS?

• Does Crypto.com report to the ATO?

• Does Crypto.com report to HMRC?

• Does Crypto.com report to the CRA?

How to get Crypto.com tax documents

You need to report any gains, losses, or income from your Crypto.com investments to your tax office, typically with your annual return.

Doing this yourself can be time-consuming, as it involves tracking taxable transactions, calculating gains or losses, and determining fair market values of any crypto income in fiat currency.

That’s why many investors use a crypto tax tool like Koinly. It connects via API or CSV upload, imports your Crypto.com transaction data, and generates a ready-to-file tax report in under 20 minutes.

Koinly also helps consolidate transactions from other exchanges and wallets, making crypto tax management simple and efficient.