How To File Your Wirex App Taxes With Koinly
Wirex is a Web3 money app that allows users to buy, sell, swap, and spend both crypto and fiat currencies all from one platform, as well as earn and borrow crypto. Whatever your investments, Koinly can help with your Wirex crypto taxes. Here's how it works.
Follow these steps to download your Wirex data:
- Navigate to Financial Statements -> Generate Statement
- Set your preferred time parameters and make sure that you export your entire transaction history for all trading years
- Make sure to include all accounts and transaction types
- Choose the CSV format and click on Generate
- Navigate to Statement History to find and download the generated file
On Koinly:
- Create a free account on Koinly
- Complete onboarding until you get to the Wallets page and find Wirex in the list
- Click on it and select "File import" in the import options screen
- Upload the files you downloaded from Wirex (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
Your frequently asked questions
Does Wirex have tax documents?
No. Wirex does not provide users with crypto tax documents. Instead, you'll need to export your Wirex crypto transaction history and calculate your taxes yourself, or upload your transaction history CSV file to a crypto tax calculator like Koinly.
How do I get Wirex tax documents?
Koinly makes it easy to get the crypto tax documents you need. Just upload your Wirex transaction history CSV file(s) to Koinly, and Koinly will calculate your capital gains, losses, and income for you in your crypto tax report. Koinly can generate crypto tax reports for users around the world including the US, UK, Canada, Australia, and more.
Do you get a 1099 from Wirex?
It's not clear whether Wirex App issues 1099 forms to US users. Wirex only recently launched in the US, but may be required to issue 1099 forms to US residents with certain income from crypto investments. Learn more about crypto 1099 forms.
Does Wirex provide financial or end of year statements?
Wirex allows users to export account statements as CSV or PDFs, with customizable time periods.
Do I have to pay taxes on Wirex crypto?
Yes. Crypto tax varies depending on where you live, but is generally subject to Capital Gains Tax or Income Tax depending on the specific transaction. Learn more in our crypto tax guides.
Does Wirex report to tax authorities?
Wirex is a global platform with more than 5 million users worldwide in the US, UK, Europe, and more. As a highly compliant digital payments platform, Wirex may be required to report to a variety of tax authorities globally in order to operate.
Is Wirex App safe?
Wirex App is generally regarded as a safe platform and is partnered with large payment processors like VISA, as well as regulated by a number of financial authorities. However, as always, you should DYOR and follow best crypto security practices to ensure your crypto is secure.
