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This guide is designed to be a resource for individuals who have traded cryptocurrency on Crypto.com and are seeking information on whether and how to pay taxes on these transactions. This article is intended to assist you in determining your Crypto.com tax obligations. It is advisable to use this guide in conjunction with the crypto tax guide specific to your country for a complete understanding.
Do you have to pay taxes on crypto.com transactions?
The tax requirements for cryptocurrency can differ greatly depending on your country of residence and the specific types of transactions you engage in on Crypto.com. Common activities that typically trigger tax liabilities include selling cryptocurrencies, trading one type of crypto for another, and engaging in staking.
To gain an in-depth insight into the cryptocurrency taxation regulations specific to your country, we encourage you to read the relevant crypto tax guide for your country.
How to export your crypto.com transaction history
Crypto.com supports both an APP and an EXCHANGE. For the purpose of filing your taxes, these can be seen as two separate exchanges. We will provide guides on how to export transactions for both services below. Use the one (or both) that apply to you.
It is possible to export your transaction history via the crypto.com API for the EXCHANGE. However, due to the slow loading times of that specific API, we have chosen to not support it for the time being. It is much more practical to use the File Import method.
| Transaction type | File Import (app) | File Import (exchange) | Automatic Import (exchange) |
|---|---|---|---|
| Withdrawals | |||
| Deposits | |||
| Trades | |||
| Trading Fees | |||
| Staking Rewards / Supercharger | |||
| Rewards | |||
| Goods/Services | |||
| Dust Conversion | |||
| Card Cashback |
Automatic import
Important: The API only works for the Crypto.com EXCHANGE (not the APP). It is very slow and can take 30-60 minutes to complete. Furthermore, it only allows the most recent 6 months of data. We recommend using the file import instead.
You can import transactions from Crypto.com EXCHANGE (not the APP) into Divly by using our API integration. After you have provided the API keys, Divly will be able to fetch your latest transactions anytime you click "Import Transactions" in the wallet page.
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Sign in to the Crypto.com exchange.
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Click on the account icon in the top right and then your account email. You should arrive at your Settings.
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Click on the tab API Keys.
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Click the button Create a new API key. Add a label such as "Divly" and input your 2FA.
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Select API Transaction and only keep Can Read enabled.. Copy down your API key and secret, then click Save.
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Copy and paste the API keys in Divly to fetch your transactions.
File import
Crypto.com has both an App and an Exchange, make sure to import the transaction history from the one(s) you have used. You can import transactions from Crypto.com into Divly by downloading and importing a CSV file. Make sure to download the CSV file every time you want to include the latest transactions.
Crypto.com APP Instructions
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Sign in to the Crypto.com app.
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On the Accounts page tap the history icon on the top right.
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Tap the Export button on the top right.
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Select the relevant dates and tap Export to CSV.
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Tap the Download button for the reports available to be downloaded. The CSV file will download. Send it to your email if you need to access it via your computer.
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In Divly, drag and drop the CSV file to where it says Upload CSV. Divly will import the transactions.
If you have any issues feel free to follow the official crypto.com guide.
Important: If the file is in another language than English, it won't work. Simply change your settings in crypto.com and download the English version.
Crypto.com EXCHANGE Instructions
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Sign in to the Crypto.com exchange.
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Deposits & Withdrawals: Click on Wallet in the top right, then the tab Deposit & Withdrawal. Select the date range (max 180 days) and then click the blue link Export to the right.
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Trades & Other Transactions: Click on Wallet in the top right, then on Orders on the sidebar. Click Transactions in the sub-menu and select the date range (max 180 days). Click the blue link Export to the right to start the export process.
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Drag and drop all relevant CSV files to where it says Upload CSV in Divly. Divly will import the transactions.
Crypto.com EXCHANGE deposits & withdrawals file:
Crypto.com EXCHANGE transactions file:
How to calculate and declare your crypto taxes
The three main methods are to do it yourself in Excel, use a tax platform like Divly, or pay for a tax lawyer to do it for you. Each one has different price points.
If you choose to use a tax platform, make sure that it supports your country. For example, Divly offers localized tax reports for a set of countries across Europe, Asia, and North America. You can always create an account for free if you want to try it out.
Common issues
- Ensure that you upload the SPOT_TRADE file (not the SPOT_ORDER file). This applies to the EXCHANGE only.
If you do happen to have any issues calculating your Crypto.com taxes, feel free to contact our support team which is available via the online chat on the bottom right hand corner of our website. Good luck!
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. This article may contain affiliate links.