How to do your AFRIDAX taxes with Koinly
AFRIDAX is a relatively new and licensed South African crypto exchange launched in January 2025, offering a user-friendly platform for trading, staking, and learning about digital assets. But if you have transactions on AFRIDAX, you may have a tax bill. Koinly can help calculate your crypto taxes for the SARS. Just upload your transaction history from AFRIDAX. Here's how.
Follow these steps to download your Afridax data:
- Log in to your Afridax account
- Go to the transactions history page
- Export/download your transaction history for ALL years of trading (check with their support if you can't find this)
- Manually check that the file contains all your deposits, withdrawals and trades
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Afridax in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Afridax (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!
- Head over to our help center
- Hit up our discussion boards - we might have already answered your question
- Ask us on social media - we're on Twitter and Reddit
- Contact us on email or live chat
- Got a feature request? Give us feedback on Canny
FAQs
What is AFRIDAX?
AFRIDAX is a South African cryptocurrency exchange launched in January 2025, offering a secure and user-friendly platform for trading digital assets. It is licensed by the Financial Sector Conduct Authority (FSCA), ensuring regulatory compliance. AFRIDAX supports trading of popular cryptocurrencies like Bitcoin and Ethereum, and features integration with ZARP, a rand-backed stablecoin, enabling free swaps with South African rands. The platform also offers staking and earning opportunities, as well as educational resources to help users expand their knowledge.
Is AFRIDAX safe?
AFRIDAX is licensed by South Africa’s Financial Sector Conduct Authority (FSCA) and incorporates key security features like two-factor authentication (2FA) and client protection policies. However, as with any new exchange, users should exercise caution. It's generally risky to hold large amounts of crypto on any exchange, especially newer ones, due to potential vulnerabilities, operational issues, or unforeseen closures. For long-term storage, it's safer to withdraw assets to a personal wallet where you control the private keys. Always do your own research and remain cautious when dealing with newer platforms.
Does AFRIDAX provide tax documents?
No, but you can use a crypto tax calculator like Koinly to do it for you. Just export your transaction history as a CSV file from AFRIDAX and upload it to Koinly to import your transaction data and let Koinly calculate your taxes and generate reports to help you file with SARS.
