How to do your Uphold taxes in 2022
Introduction to Uphold
Uphold was launched in 2015 and built on the idea that everyone should have access to safe, fair, and affordable financial services. It is a global company, and serves 184 countries around the world. Users can trade over 80 currencies, both crypto and fiat, and also can trade commodities. Uphold has an “anything-to-anything” trading model which allows users to exchange almost any currency for any other currency.
One of the positive aspects of Uphold is that transferring money is very easy on the platform, as is converting currencies. The downside of this is that there is a fee every time that you buy or exchange currencies. Another fee from Uphold is that there is a spread fee that you pay whenever you make a purchase, the size of which depends on what you're buying. The spread on Bitcoin and Ethereum is much lower than the spread for tokens such as XRP and DOGE.
How to export your Uphold transaction history
You can import Uphold transactions 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.
Step by step guide:
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Sign in to Uphold.
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Depending on the platform you are using, we suggest following Upholds official guide to download your transaction history.
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Drag and drop the CSV file to where it says Upload CSV. Divly will import the transactions.
Common issues
If you have any issues with calculating your Coinbase 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.