MEXC Taxes Guide 2026
MEXC transactions may be subject to Income Tax or Capital Gains Tax, depending on the transaction.
Investors are required to report both capital gains and income to their tax authority.
Crypto tax calculators can calculate your MEXC taxes and generate MEXC tax reports automatically.
How are MEXC transactions taxed?
Crypto tax varies depending on where you live and how your tax office views crypto assets and your investment activities. However, in general, two kinds of tax may apply to your MEXC transactions:
Capital Gains Tax: Whenever you sell or swap crypto on MEXC, you'll pay Capital Gains Tax on any profits. This may also include any realized profit when you close your position in a margin trade or futures contract.
Income Tax: If you're earning new tokens through MEXC Earn products - like staking, mining, or airdrops - then you'll pay Income Tax based on the fair market value of new tokens or coins on the day you receive them, in your fiat currency.
Want to learn more about crypto tax in your country? See our crypto tax guides.
Does MEXC automatically deduct taxes?
No. Your tax liability is your responsibility, and you'll need to set aside any tax due from your profits and pay it to your tax office.
Does MEXC provide tax reports?
No. MEXC serves users globally, so it would be very difficult for MEXC to provide all the tax reports needed for users. But you can export your MEXC transaction history and import it into a crypto tax calculator to automatically generate MEXC tax reports.
Does MEXC report to the IRS?
MEXC is no longer available to US investors due to the regulatory environment, so it's unlikely that MEXC reports to the IRS.
How to generate a MEXC tax report with Koinly
You can connect MEXC with Koinly in one of two easy ways. Either use the MEXC API to connect to Koinly automatically and fetch your transaction data, or export a CSV of your MEXC transaction history and upload that to Koinly instead.
Once connected, Koinly will calculate your MEXC taxes based on your location and generate your MEXC tax report, all within 20 minutes. All you’ll need to do at tax time is download the crypto tax report you need from Koinly and file it with your tax authority.
Follow these steps to sync your MEXC data automatically to Koinly:
- Log in to MEXC.
- In the top right corner, select your profile icon.
- From the drop-down menu, select API.
- Under Manage API/Create New API Key, check all the boxes with read permissions. Koinly only needs read-only access.
- Select create.
- Enter your email verification code or 2FA verification code.
- Select confirm.
- Copy your API key (access key) and secret key, and paste them into the fields in Koinly.
Subaccounts
Create an API key for every subaccount you have and add it as a separate wallet to Koinly
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find MEXC in the list
- Select API > Paste the API keys you copied above in the appropriate box
- Hit Import and wait for Koinly to sync your data. This can take a few minutes
- 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!
- This API only gives access to the most recent 7 days of trade history
- Deposits and Withdrawals can be synced only for the last 6 months
- The API does not provide any margin or futures trades
- Migrations/symbol swaps may need to be added manually: Token rebases and symbol swaps
- 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
MEXC FAQs
Is MEXC available in the US?
MEXC has withdrawn services to US investors due to the regulatory environment.
Does MEXC have KYC?
Yes, but the KYC requirements are straightforward, and you can access some products without it. Learn more in our best no KYC crypto exchange guide.
