Crypto tax varies depending on where you live and your tax office. However, in general crypto is subject to two taxes in most countries - Income Tax and Capital Gains Tax.
No. CoinEx does not provide tax documents for users. Instead, users need to get their CoinEx transaction history and either calculate their taxes themselves or use a crypto tax calculator to help them.
Doing your CoinEx taxes with Koinly couldn't be simpler. CoinEx connects to Koinly via API to automatically fetch your transaction data, or you can upload a CSV file of your transaction history.
Once connected, Koinly becomes the ultimate CoinEx tax tool. Koinly calculates your CoinEx taxes, including capital gains, losses, income and more and generates your CoinEx tax report. All you need to do come tax time is download your report and file with your tax authority.
CoinEx is one of the few large crypto exchanges left with minimal KYC verification in place - you'll only need to complete KYC verification for withdrawals over $10,000. With this in mind, it's unlikely CoinEx is reporting to the IRS, however, as a large, centralized exchange, its likely CoinEx is facing pressure from tax offices around the world to improve KYC verification processes and ensure tax compliance.
If you need help connecting CoinEx and Koinly, try these helpful links: