Honesto Taxes: How to Generate Your Crypto Tax Report
Every trade and disposal on Honesto creates taxable events. Honesto is a Swiss-regulated mobile trading platform backed by FINMA-licensed InCore Bank AG. CoinTracking imports your Honesto CSV export, calculates gains and losses across your full trade history, and generates a compliant tax report for your country in minutes.
How to Import Your Honesto Transactions into CoinTracking
Watch how to export your Honesto transaction history as a CSV file from the mobile app and import it into CoinTracking to generate your complete crypto tax report.
Start Your Free Honesto Import- Every crypto trade, swap, and disposal on Honesto is a taxable event in most jurisdictions. Capital gains tax and income tax may both apply depending on the type of transaction and your country of residence.
- CoinTracking imports Honesto transactions via CSV export: in the Honesto app, open the trade screen, tap the arrow in the balance box, select Export transaction, choose your date range, and generate the CSV file. Upload it directly to CoinTracking.
- Transferring crypto between your own wallets or accounts is generally not a taxable event. Buying and holding crypto is not taxable until you dispose of it.
- Tax compliance is your responsibility. Honesto is a Swiss-regulated platform. While it complies with Swiss AML and KYC requirements, it does not file your tax return. All trades and disposals on your Honesto account must be declared by you to your national tax authority. Failing to report crypto gains can result in penalties and back-tax assessments.
Honesto and Your Tax Obligations
Honesto is a Swiss mobile crypto trading platform developed by Honesto AG. It is the first Swiss trading app for digital assets with full bank-grade security, backed by FINMA-licensed InCore Bank AG which holds custody of all customer deposits and private keys. Honesto is a VQF member (Self-Regulatory Organisation) and complies with Switzerland's Anti-Money Laundering Act.
All transactions executed through your Honesto account generate taxable events. Whether you trade spot markets, convert crypto-to-crypto, or receive rewards, each event must be reported to your tax authority.
CoinTracking supports Honesto via CSV import:
- Open the Honesto app on your mobile device and go to the trade screen
- In the balance box, tap the arrow symbol >
- Tap Export transaction at the bottom of the page
- Enter your date range and tap Generate .csv file
- Transfer the CSV from your device to your computer and upload it to CoinTracking
Crypto Tax Basics: What Honesto Users Need to Know
Honesto serves traders across Switzerland and more than 40 countries. The core tax principles below apply broadly — but always verify the specifics with your local tax authority or a qualified tax advisor.
Every disposal is a taxable event
In most countries, selling, swapping, or otherwise disposing of cryptocurrency triggers capital gains tax. The gain or loss equals the difference between your proceeds and your cost basis (what you originally paid, including fees). Tracking cost basis accurately across all your Honesto trades is essential for a correct tax report.
Swiss regulation — not EU DAC8
Honesto is regulated under Swiss law (VQF membership, AMLA compliance), not under EU frameworks such as MiCA or DAC8. This means Honesto is not required to automatically report your transaction data to EU tax authorities. However, your home country's tax authority may have its own international information-exchange agreements, and you remain fully responsible for declaring all crypto gains, losses, and income.
Record-keeping is essential
Accurate record-keeping is critical for every trade. Each transaction must be documented with the date, asset, quantity, cost basis, proceeds, and applicable fees. Honesto provides a CSV export for this purpose — but the raw data must be converted into a structured tax report. CoinTracking maintains a complete, dated audit trail of every Honesto transaction you import and produces reports formatted for your jurisdiction.
Honesto Taxes by Country
Crypto tax rules differ by market. Below are the key rates, deadlines and filing forms for the countries where CoinTracking users trade most actively.
Germany
- Disposal tax: Personal income tax rate (up to 45%); gains are tax-free if held longer than 1 year (Haltefrist)
- Annual exemption: Gains up to €1,000/year are tax-free
- Cost basis: FIFO per wallet
- Authority: Finanzamt
- Forms: Anlage SO
Switzerland
- Capital gains: Generally tax-free for private investors; professional traders taxed as self-employed income
- Wealth tax: Crypto holdings subject to cantonal wealth tax based on year-end market value
- Mining/staking income: Taxed as income in the year received
- Authority: Cantonal tax authority (varies by canton)
Austria
- 27.5% capital gains tax: Since March 2022, crypto is taxed like shares — a flat 27.5% KESt applies to gains.
- Old coins grandfathered: Crypto acquired before 28 February 2021 is tax-free on disposal.
- Authority: Finanzamt Austria. Report via Einkommensteuererklärung (E1 / E1kv).
United Kingdom
- Capital Gains Tax: 18% (basic rate) or 24% (higher rate) from October 2024
- Annual exempt amount: £3,000 (2024/25 onward)
- Cost basis: Section 104 pool (HMRC rules)
- Authority: HMRC
- Forms: Self Assessment SA100, SA108
Spain
- Savings income (IRPF): 19% up to €6,000; 21% up to €50,000; 23% up to €200,000; 27% up to €300,000; 28% above
- Foreign crypto disclosure: Modelo 721 required if portfolio exceeds €50,000 abroad
- Authority: Agencia Tributaria (AEAT)
- Forms: Modelo 100 (IRPF), Modelo 721
Poland
- Flat rate: 19% on all crypto gains (no holding period exemption)
- Loss carryforward: Up to 5 years
- Cost basis: FIFO
- Authority: Urząd Skarbowy
- Form: PIT-38
Italy
- Flat rate: 26% on gains exceeding €2,000/year (from 2023)
- Foreign holdings disclosure: Quadro RW required if portfolio exceeds €15,000
- Authority: Agenzia delle Entrate
- Forms: Quadro RT (gains), Quadro RW (foreign holdings)
Portugal
- Disposal tax: 28% on gains from crypto held less than 1 year (from 2023)
- Long-term holding: Tax-free on disposal if held 1 year or longer
- Authority: Autoridade Tributária (AT)
- Forms: Modelo 3, Anexo G or Anexo J
France
- Flat 30% tax (PFU): Gains from crypto disposals are subject to the prélèvement forfaitaire unique (PFU) — 12.8% income tax + 17.2% social charges.
- No exemption for holding period: Unlike Germany, there is no tax-free threshold after 1 year.
- Authority: Direction générale des Finances publiques (DGFiP). Declare via Formulaire 2086.
Tax rules change frequently. This overview is for general information only and does not constitute tax advice. Consult a qualified advisor for your specific situation.
Are Honesto Transactions Taxable?
In most jurisdictions, crypto is treated as an asset: disposing of it triggers capital gains tax. Use this as a starting reference — exact rules vary by country.
Taxable Events
- Selling crypto for fiat (EUR, CHF, USD, etc.)
- Swapping or trading crypto for crypto
- Using crypto to pay for goods or services
- Staking rewards and income received
Not Taxable
- Buying and holding crypto
- Transferring crypto between your own accounts
- Depositing fiat to Honesto
- Receiving crypto as a personal gift
Tax treatment varies by country. CoinTracking applies the rules for your selected jurisdiction automatically.
How to Calculate Your Honesto Taxes
Even occasional traders on Honesto can accumulate dozens of taxable events across a year. Calculating cost basis, holding periods, and gains for each trade — across multiple assets and date ranges — quickly becomes impractical without dedicated software.
CoinTracking imports your complete Honesto trade history via CSV export, applies your chosen cost-basis method (FIFO, LIFO, HIFO, and others), calculates gains and losses for every disposal, and separates trading income from capital gains in your final report.
The result is a jurisdiction-specific tax report — PDF or Excel — that your accountant or tax authority will accept, with a full audit trail for every transaction.
How to Import Honesto into CoinTracking
Three steps to import your Honesto data and generate your tax report.
- 1
Log into CoinTracking and open Imports
After logging in, click the Import icon in the left navigation. This is where you connect all your exchanges, wallets and blockchains.
- 2
Search for Honesto in the import list
Type "Honesto" in the search field. CoinTracking will show the Honesto import option — click it to open the import page.
- 3
Upload your Honesto CSV export
In the Honesto app, go to the trade screen, tap the arrow in the balance box, select Export transaction, choose your date range, and generate the CSV file. Transfer it from your mobile device to your computer, then upload it on the CoinTracking Honesto import page.
"CoinTracking can handle just about any complex transaction you can throw at it and the automation is a real lifesaver. Of all the tax software tools we've reviewed, CoinTracking is the most detail-oriented and has more accuracy checks in place than the competition."
How to Create Your Honesto
Tax Report with CoinTracking
Three steps from CSV export to a tax report your accountant will accept.
Export and import your Honesto data
In the Honesto app, go to the trade screen, tap the arrow in the balance box, select Export transaction, choose your date range, and generate the CSV. Transfer the file to your computer and upload it to CoinTracking's Honesto import page.
Review your transactions
Open Reports → Validate Transactions. CoinTracking flags missing cost basis entries, duplicate imports and price gaps so your final report is accurate.
Generate and export your tax report
Select your country and tax year. CoinTracking generates a report formatted for your jurisdiction: PDF or Excel, ready to file or hand to your accountant.
No. Honesto does not generate a ready-to-file tax report. It allows you to export your transaction history as a CSV file from the mobile app. You can transfer that CSV to your computer and upload it directly into CoinTracking, which then calculates your gains, losses, and income and generates a compliant tax report for your jurisdiction.
Open the Honesto app on your mobile device and navigate to the trade screen. In the balance box, tap the arrow symbol >. Scroll to the bottom of the page and tap Export transaction. Enter your start and end dates, then tap Generate .csv file. The CSV file will be saved to the download folder of your device. Transfer it to your computer and upload it to CoinTracking to import your full transaction history.
Yes. Every sale, swap, or disposal of cryptocurrency through your Honesto account is a taxable event in most jurisdictions. Capital gains tax applies to the difference between your cost basis and the proceeds. Staking rewards and similar income are also typically taxable in the year received. Tax-free thresholds and holding-period exemptions vary by country — for example, Germany offers a one-year holding exemption, while Switzerland generally does not tax capital gains for private investors.
Honesto AG is regulated in Switzerland. It is a member of the Self-Regulatory Organisation VQF and complies with Switzerland's Anti-Money Laundering Act (AMLA). Customer assets are held in custody by FINMA-licensed InCore Bank AG. While Swiss law may require certain reporting obligations, Honesto is not subject to the EU's DAC8 directive. You remain personally responsible for declaring all gains, losses, and income from Honesto activity to your national tax authority.
Yes. You can export CSV files from Honesto for different date ranges and upload multiple files to CoinTracking. CoinTracking combines all imports into a single portfolio view, calculates cost basis and gains across your full history using your chosen method (FIFO, LIFO, HIFO, and others), and generates a single consolidated tax report.
CoinTracking supports the Honesto CSV format directly, so importing your mobile trade history is straightforward. Once your trades are in, CoinTracking calculates gains and losses using FIFO, LIFO, HIFO, and other cost-basis methods, generates country-specific tax reports (including Anlage SO for Germany), and maintains a full audit trail. Whether you are a private investor or an active trader, CoinTracking turns your Honesto CSV export into a tax report ready for your accountant or tax authority.
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