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Do I need to pay taxes when using Moonpay?
Moonpay is known for facilitating cryptocurrency transactions, including buying, selling, and exchanging digital currencies. As a result, engaging in these activities can lead to taxable events. This is because any profit or loss you realize from these transactions is often subject to taxation in many countries.
For detailed information on how these transactions are taxed in your country, we recommend consulting Divly's crypto tax guides. These guides are designed to help you understand the tax requirements for cryptocurrency transactions in your jurisdiction.
Does Moonpay provide tax documents?
Typically, cryptocurrency exchanges do not supply complete tax documentation for their customers, and Moonpay is no exception. Customers will need to do their own calculations or utilize a specialized crypto tax platform like Divly.
There are three steps required when declaring your Moonpay taxes. Start by exporting your transaction history. Once you have this you can calculate your taxes using the transaction history. Finally, fill out the tax forms required by your local tax authority to declare.
How to export your Moonpay transaction history
Follow the instructions below to successfully export your Moonpay transactions via a CSV file. This file can be imported into Divly to automate your tax calculations.
| Transaction type | File Import |
|---|---|
| Withdrawals | |
| Deposits | |
| Trades | |
| Trading Fees |
File import
You can import transactions from Moonpay 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.
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Sign in to Moonpay.
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Click the menu icon in the top right and then click Trade History.
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Download the CSV file that includes your full transaction history.
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In Divly, drag and drop the CSV file(s) to where it says Upload CSV. Divly will import the transactions.
How to calculate and declare your crypto taxes
If you have used Divly in the previous step, the tax calculations will be automated based on your country's tax rules. You simply need to download your tax report and follow the instructions within it to declare to your tax authority.
If you are not using Divly, make sure to read up on how to calculate your taxes using the correct methodology (FIFO, ACB, etc) that is required by your jurisdiction. Finally you can refer to Divly's public crypto tax guides on how to fill in and declare your forms. 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.