Introduction to Coinmotion
Coinmotion was founded in 2012, making it one of the oldest cryptocurrency exchanges. Coinmotion is the largest cryptocurrency exchange in Finland. Its mission is to lower the barriers to entry for those who want to invest in cryptocurrencies. The exchange believes that cryptocurrencies should be understandable and accessible to everyone.
Do I have to pay taxes if I have used Coinmotion?
If you have traded cryptocurrencies on Coinmotion, you must pay taxes if the total sales price exceeds 1,000 euros. In this case, you are taxed at 30% on profits up to 30,000 euros and 34% on any amounts exceeding that.
You are also taxed on all cryptocurrency rewards received from Coinmotion. You pay taxes on the value of the reward at the time of receipt.
Coinmotion supports various types of cryptocurrency transactions taxable in Finland, so it is very convenient to use a cryptocurrency tax calculator for tax calculations.
How to export your transaction history from Coinmotion
|Interest / Loans
You can import Coinmotion transactions into Divly by downloading and importing a XLSX file. Make sure to download the XSLX file every time you want to include the latest transactions.
Sign in to Coinmotion.
Click on the account icon to and select Reporting (Raportointi in Finnish) in the dropdown.
After that scroll down until you see Transaction statement (Tapahtumaraportti in Finnish).
Click on the button Download transactions statement (Lataa tapahtumaraportti). An XLSX file that contains all your crypto transactions will download.
Drag and drop the XLSX file to where it says Upload CSV. Divly will import the transactions. Divly supports both the English and Finnish language version of the file.
Coinmotion and Divly are official partners
If you are a Coinmotion customer that is looking to automate your crypto taxes, then you will enjoy a 20% discount when importing Coinmotion transactions into Divly. Coinmotion and Divly have worked together to ensure a seamless tax experience.
Any tax-related information provided by us is not tax advice, financial advice, accounting advice, or legal advice and cannot be used by you or any other party for the purpose of avoiding tax penalties. You should seek the advice of a tax professional regarding your particular circumstances. We make no claims, promises, or warranties about the accuracy of the information provided herein. Everything included herein is our opinion and not a statement of fact.